Honda Accord insurance cost image courtesy of QuoteInspector.com
Finding affordable coverage for a Honda Accord depends on many different factors such as how you use your vehicle, the likelihood of vehicle theft, and your policy deductibles. Drivers in New Jersey pay on average $1,360 per year for Accord insurance, but that price is a projection based on a 50-year-old married male driver with full coverage and $100 deductibles.
More likely than not, you're not a 50-year-old male, maybe you are single instead of married, or maybe you want more liability coverage than is required by law in New Jersey. Each driver's needs are different, and that demonstrates why the best way to find the cheapest insurance price for your Honda is to do your own rate comparisons. It's really quite easy you will receive rate quotes from the best companies in New Jersey.
The trim level of your vehicle will have an impact price, so the rate you pay to insure a Accord LX 4-Dr Sedan model will be $482 lower than the price to insure the higher-end Accord EX-L 2-Dr Coupe model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$282||$522||$392||$24||$118||$1,338||$112|
|Accord EX 4-Dr Sedan||$282||$522||$392||$24||$118||$1,338||$112|
|Accord LX-P 4-Dr Sedan||$282||$522||$392||$24||$118||$1,338||$112|
|Accord EX-L 4-Dr Sedan||$322||$634||$392||$24||$118||$1,490||$124|
|Accord EX 2-Dr Coupe||$322||$748||$522||$30||$156||$1,778||$148|
|Accord LX-S 2-Dr Coupe||$322||$748||$522||$30||$156||$1,778||$148|
|Accord EX-L 2-Dr Coupe||$364||$748||$522||$30||$156||$1,820||$152|
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price information does not factor in specific location information which can alter auto insurance rates substantially.
Finding decent, cost effective insurance is tough enough, and determining which insurers offer the most affordable insurance rates for a Honda Accord will involve additional perseverance. Each auto insurer has a proprietary method to determine rates, so we'll take a look at the insurance companies with the most affordable rates in Jersey City.
We do need to point out that Jersey City insurance rates are calculated based on many things that can increase the price you have to pay for coverage. This price variability is why it is so important to compare many different companies to get the most economical insurance rates for a Honda Accord. Prices are influenced by many different factors and change substantially, so the cheapest rate the last time you checked may now be one of the higher cost companies.
Best Car Insurance Prices for Your Accord
21st Century offers some of the lowest car insurance rates in Jersey City at around $1,078 per year. This is $774 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also rank well as some of the most economical Jersey City, NJ car insurance companies.
As depicted above, if you buy coverage from New Jersey Manufacturers and switched to 21st Century, you may see annual savings of upwards of $180. Insureds with Penn National may save as much as $301 a year, and Palisades customers might see rate reductions of $317 a year.
To discover how much you can save, click here to start your free quote or visit any of the low-priced companies below.
These rates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for a Honda Accord. So the insurer that has the lowest price for you may not even be in the top 19 companies shown above. That's why you need to get rate quotes using your own specific driver and vehicle information.
Driving violations and accidents
In a perfect world, the ideal way to earn low insurance rates for an Accord is to be a safe driver and have a clean driving record. The example below demonstrates how speeding tickets and at-fault accidents can influence car insurance rates for each age group. The information is based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.
The chart shows that the average cost of a car insurance policy in Jersey City per year with no accidents and a clean driving record is $2,602. Get written up for one speeding ticket and the average cost rises to $2,949, an increase of $346 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of insurance for a Honda Accord increases to an average of $3,926. That's an increase of $1,324, or $110 per month, just for not maintaining a clean driving record!
Why are you paying too much for Accord insurance?
Jersey City insurance rates are impacted by many things that will increase or decrease the cost of your policy. Turning one year older, having a teen driver, or getting a ticket for running a stop sign can trigger changes in premium that may make certain companies more affordable than others. Not only may your situation change, but insurers file new New Jersey auto insurance rates multiple times each year in order to remain profitable. A period of increased losses can result in rate hikes, while a profitable period may produce lower-cost Accord insurance rates.
For example, the graph below shows which companies have the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no prior accidents, a clean driving record, and good credit. If we estimate prices based on her current situation, 21st Century may offer the lowest car insurance rates in Jersey City at $1,480 each year. This is $372 less than the average policy premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades also make the list of the best Jersey City, NJ auto insurance companies.
The chart below compares rates after we give the driver from above a chargeable claim, poor credit, and a couple of points charged on her driving record. Due to the fact that each insurance company has their own unique process to determining premium rates, comparing insurance quotes may result in a new list of cheap Jersey City auto insurance companies as shown below.
Allstate now has the lowest car insurance rate in Jersey City with The Hartford, USAA, Travelers, and Mercury now rounding out the top five. This example illustrates why Jersey City drivers need to perform a complete rate comparison to get the cheapest insurance quotes for a Honda Accord.
Rates consist of many things and can decrease or increase without notice, so the cheapest option six months ago may now be one of the higher cost companies.
How to find economical car insurance for a Honda Accord
Lowering your rates is not difficult, and here are some of the recommended penny-pinching ideas that can help Jersey City drivers locate low-cost car insurance.
- The safer your car, the less it costs to insure
- Avoid having at-fault accidents
- Higher physical damage deductibles lower rates
- Higher credit ratings may save you money
- Do not get traffic citations
- Compare rates regularly and switch companies to save money
The last item on the list is certainly necessary, as was affirmed in the prior article. Rates can change considerably based on profitability, so don't be afraid to switch carriers if a more affordable rate is found. Having a favorite company is great, but it's not a great idea if that loyalty results in overpaying thousands of dollars over the life of your policy. It only takes a couple minutes to compare rates and find cheaper car insurance for a Honda Accord in Jersey City.
If you aren't sure which coverage to buy and prefer to have the advice of a professional agent when trying to find the best insurance rates for a Honda Accord, the agents below can aid you in deciding which auto insurance policy fits you best.
To find a Jersey City insurance agency nearest to you, click the button link following the list or click here to get price quotes now.
- Mansa Nicome - State Farm Insurance Agent
86 NJ-35 - Neptune City, NJ 07753 - (732) 776-9999
- Wexford Insurance
45 Laidlaw Ave - Jersey City, NJ 07306 - (201) 659-6050
- MOMS Insurance Agency
155 Martin Luther King Dr B - Jersey City, NJ 07305 - (201) 451-3200