Who Has Affordable Auto Insurance Quotes for a Honda Accord in Plano?

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Honda Accord insurance cost
Honda Accord insurance cost image courtesy of QuoteInspector.com

Finding cheaper insurance for a Honda Accord hinges on a complicated rating formula that uses factors such as whether you are a homeower, your profession, and the deductible amount you use. Drivers in Texas will pay on average $1,028 a year for Accord insurance, but that figure is a valuation based upon a 40-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.

More likely than not, you're not a 40-year-old female, possibly married instead of single, or maybe your Accord is old enough that it doesn't require full coverage. Having just a slight change in the criteria used to calculate rates could end up with a large change in rates.

Everone's needs are different, and this illustrates why the best method for finding cheap car insurance rates for your Honda is to put in the effort to do a thorough rate comparison.

Save Now on Accord Insurance

The trim level of your vehicle tends to have a direct impact on the yearly cost, so the price you will be charged to insure a Accord LX 4-Dr Sedan model will be $362 cheaper than the price to insure the more expensive Accord EX-L 2-Dr Coupe version, as shown by the rates below.

Honda Accord Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $152 $290 $422 $24 $126 $1,014 $85
Accord EX 4-Dr Sedan $152 $290 $422 $24 $126 $1,014 $85
Accord LX-P 4-Dr Sedan $152 $290 $422 $24 $126 $1,014 $85
Accord EX-L 4-Dr Sedan $174 $352 $422 $24 $126 $1,098 $92
Accord EX 2-Dr Coupe $174 $416 $560 $34 $168 $1,352 $113
Accord LX-S 2-Dr Coupe $174 $416 $560 $34 $168 $1,352 $113
Accord EX-L 2-Dr Coupe $198 $416 $560 $34 $168 $1,376 $115
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in specific zip code location which can modify auto insurance rates greatly.

Auto insurance company ratings

Selecting the right car insurance company is hard considering how many choices drivers have in Plano. The company rank data below can help you choose which auto insurers you want to consider purchasing a policy from. These rankings only include major nationwide insurance companies, so smaller regional companies will not be included in these rankings.

Best Ten Auto Insurance Companies for a Honda Accord in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Insure.com Best Car Insurance Companies

How to get discounts on Plano car insurance rates

Auto insurance for an Accord in Plano, TXAuto insurance companies that offer cheap quotes for a Honda Accord may additionally offer rate discounts that could lower prices by as much as 35% if you meet specific criteria. A list of companies and some of the discounts can be found below.

The illustration below shows the difference between insurance costs with and without discounts applied to the policy premium. The premiums assume a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, defensive driving course, homeowner, multiple vehicle, anti-theft, and marriage discounts applied. When these discounts are applied to the policy premium, theamount saved on auto insurance for a Honda Accord is 28% or $599.

What aren't you shopping around?

Plano auto insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. Improving your credit rating, filing a claim, or getting a driving violation can cause premium changes that can cause some rates to be cheaper than competitors. In addition, insurers change prices as often as every three months in order to maintain liquidity for claims. Heavier than normal losses may result in increased rates, while profitable underwriting can produce lower-cost Accord insurance rates.

The data below shows rates for the cheapest car insurance in Plano, TX for a 45-year-old male driver with no accidents or violations, and a decent credit rating. If we look at prices based on his current risk factors, Travelers has the best car insurance rates in Plano at $1,114 each year. This is $790 less than the average price paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance round out the rest of the best Plano, TX auto insurance companies.

In this example, we will give the driver in the first example a chargeable accident, less-than-perfect credit, and a traffic ticket or two. Due to the fact that every auto insurer has a unique approach for setting rates, comparing rates may now present a different list of cheap Plano auto insurance companies as shown below.

USAA now has the best price in Plano with Mercury, State Farm, Nationwide, and Safe Auto now being in the top five. This example demonstrates why Plano drivers need to compare as many rates as possible to find the best auto insurance rates for a Honda Accord. Rates are made up of many things and change dramatically, so the cheapest option the last time you shopped around may now be costing you a lot of money.

How to find the cheapest insurance for a Honda Accord

The list below shows a few penny-pinching solutions that can help Plano drivers buy low-cost coverage.

That last idea is particularly important, as was affirmed in this piece. Car insurance rates can change considerably based on profitability, so drivers shouldn't hesitate to switch companies if you find a better deal.

Many drivers prefer to stick with one company, but it's not a good idea if that stubbornness costs you a fortune every year. Now is a great time to shop around to find cheaper car insurance for a Honda Accord in Plano.