Finding competitive coverage for a Honda Accord in Massachusetts depends on a whole bunch of factors such as how many years you have been driving, whether or not you have filed claims in the past, and citations on your driving record. Massachusetts drivers pay approximately $1,247 per year for Accord insurance, but that figure is an estimate calculated using a 40-year-old single female driver with both comprehensive and collision coverage and $100 deductibles.
It’s highly likely you may not be 40 years old (or even female), married instead of single, or maybe your Accord is old enough that it doesn’t require full coverage. This example demonstrates why the only real way to find the cheapest rates for your Honda is to do the rate comparisons yourself.
The trim level of your Honda will likely have an effect on the annual cost of coverage, so the rate you will pay to insure a Accord LX 4-Dr Sedan model will be $446 less expensive the price to insure the more expensive Accord EX-L 2-Dr Coupe version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$240||$482||$370||$22||$110||$1,224||$102|
|Accord EX 4-Dr Sedan||$240||$482||$370||$22||$110||$1,224||$102|
|Accord LX-P 4-Dr Sedan||$240||$482||$370||$22||$110||$1,224||$102|
|Accord EX-L 4-Dr Sedan||$276||$586||$370||$22||$110||$1,364||$114|
|Accord EX 2-Dr Coupe||$276||$692||$490||$30||$146||$1,634||$136|
|Accord LX-S 2-Dr Coupe||$276||$692||$490||$30||$146||$1,634||$136|
|Accord EX-L 2-Dr Coupe||$312||$692||$490||$30||$146||$1,670||$139|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price estimates do not factor in specific zip code location which can revise premiums significantly.
Deciphering which companies quote the best insurance rates for a Honda Accord will require a little more sweat than just quoting one company’s rates.
Each insurer has a proprietary formula for establishing rates, so we will examine the insurance companies with the overall cheapest rates in Massachusetts.
Compare Cheap Insurance Quotes for Your Accord
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$823|
|8||Norfolk and Dedham||$1,036|
|Find Your Rate Go|
State Farm may offer some of the most affordable car insurance rates in Boston at around $719 per year. This is $516 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also are some of the lowest-priced Boston, MA auto insurance companies.
As shown in the table above, if you have coverage with Commerce Group and switched to State Farm, you may see savings of approximately $183. Massachusetts drivers with OneBeacon may save as much as $184 a year, and Progressive policyholders might realize rate reductions of up to $300 a year.
Be aware that those estimates are averages across all drivers and vehicles and do not take into consideration a specific vehicle garaging location for a Honda Accord. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.
Bad driving habits will cost you more
In a perfect world, the ideal way to obtain the best insurance prices for an Accord is to be a cautious driver and avoid at-fault accidents and violations. The illustration below shows how traffic citations and at-fault accidents can affect yearly insurance costs for each age group. The price estimates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
In the example above, the average cost of an auto insurance policy per year with no accidents or violations is $2,136. Get written up for two speeding tickets and the average cost surges to $2,824, an increase of $688 each year. Then include one accident along with the two speeding tickets and the 12-month cost of insurance for a Honda Accord goes up to an average of $3,521. That’s an increase of $1,384, or $115 per month, just for being a careless driver!
The example below shows how different deductible levels can change insurance prices when researching cheap insurance for a Honda Accord. The premiums are based on a married male driver, full coverage, and no policy discounts are applied.
The chart above illustrates that a 30-year-old driver could pocket $258 a year by changing from a $100 deductible to a $500 deductible, or save $392 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices as much as $772 each year just by using higher deductibles.
If you do make the decision to raise your deductibles, it will be required to have additional savings on hand to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Discounts on Boston auto insurance
Insurance companies that offer cheap quotes for a Honda Accord may also give you rate discounts that can lower rates by as much as 30% if you meet specific eligibility requirements. Companies and some of the premium reductions they offer can be read below.
- Progressive offers discounts including good student, online quote discount, homeowner, online signing, and multi-policy.
- MetLife has savings for good driver, defensive driver, multi-policy, good student, accident-free, and claim-free.
- Mercury Insurance may include discounts for accident-free, multi-car, annual mileage, low natural disaster claims, and ease of repair.
- Nationwide may offer discounts for good student, family plan, defensive driving, anti-theft, business or organization, and easy pay.
- GEICO policyholders can earn discounts including federal employee, multi-policy, daytime running lights, five-year accident-free, and military active duty.
- AAA offers discounts for multi-policy, pay-in-full, anti-theft, education and occupation, and AAA membership discount.
The information below compares premium costs with and without discounts being applied to the rates. The data assumes a male driver, no violations or claims, Massachusetts state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple vehicle, vehicle safety, accident-free, defensive driving course, safe-driver, and marriage discounts applied. With discounts applied, the average amount saved each year on insurance for a Honda Accord is 28% or $534.