Finding cheap car insurance for a Honda Accord in New York is usually pretty straightforward, but it relies on a large number of factors such as the mileage of your daily commute, whether you are claim-free, and any prior driving citations you have received. Drivers will pay around $597 each year to insure their Accord, but that is an estimate based upon a 50-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you are not 50 and maybe not even a female, you might be single instead of married, or maybe your Accord doesn’t need full coverage. Not every driver requires the same auto insurance coverages, so the only real way to find the cheapest coverage for your Honda is to do the rate comparisons yourself.
The specific trim level will have an impact the insurance rate, so the price you will pay to insure a Accord LX 4-Dr Sedan model will be $208 less than the insurance cost for the fancier Accord EX-L 2-Dr Coupe trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $112 | $190 | $212 | $12 | $64 | $590 | $49 |
| Accord EX 4-Dr Sedan | $112 | $190 | $212 | $12 | $64 | $590 | $49 |
| Accord LX-P 4-Dr Sedan | $112 | $190 | $212 | $12 | $64 | $590 | $49 |
| Accord EX-L 4-Dr Sedan | $128 | $230 | $212 | $12 | $64 | $646 | $54 |
| Accord EX 2-Dr Coupe | $128 | $272 | $282 | $16 | $84 | $782 | $65 |
| Accord LX-S 2-Dr Coupe | $128 | $272 | $282 | $16 | $84 | $782 | $65 |
| Accord EX-L 2-Dr Coupe | $144 | $272 | $282 | $16 | $84 | $798 | $67 |
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in specific location information which can decrease or increase prices significantly.
Picking a high-quality car insurance company can be challenging considering how many companies there are in New York. The company information displayed below may help you choose which car insurance providers to look at shopping your coverage with. The ratings below are for large insurance companies, so smaller companies are not taken into consideration for this list.
Top 10 Large Auto Insurance Companies in Buffalo Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- State Farm
- GEICO
- Nationwide
- Allstate
- The General
- The Hartford
- 21st Century
Top 10 Large Auto Insurance Companies in Buffalo Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- USAA
- Travelers
- State Farm
- GEICO
- Allstate
- Farmers Insurance
The information below demonstrates how choosing different deductibles can impact insurance costs when getting quotes for cheap insurance for a Honda Accord. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could save $204 a year by increasing from a $100 deductible to a $500 deductible, or save $310 by changing to a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates $616 or even more by choosing larger deductibles on their policy. When raising deductibles, it is a good idea to have enough spare savings to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Bad driving habits will cost you more
The easiest method to find the most affordable insurance prices for an Accord is to drive carefully and avoid accidents and traffic violations. The illustration below demonstrates how speeding tickets and at-fault claims increase auto insurance costs for each different age group. The rates are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of an auto insurance policy per year with no accidents or violations is $1,931. Receive one speeding ticket and the average cost hikes up to $2,187, an increase of $256 each year. Then include two accidents along with the one speeding ticket and the yearly cost of insurance for a Honda Accord jumps again to an average of $4,362. That’s an increase of $2,431, or $203 per month, just for not being attentive to the road!
Low rates can quickly become overpriced
Buffalo, NY insurance rates are determined by lots of factors which can substantially change the cost of having a policy. Simply getting older, marrying your spouse, or having a fender bender can produce rate changes that may make certain companies more affordable than the competition.
Also, insurers change the rates they charge in New York multiple times each year to adjust for gains or losses. A period of increased losses can result in additional price hikes, while lower claims may result in lower-priced Accord insurance rates.
The chart below shows which companies have the cheapest car insurance in Buffalo, NY for a 35-year-old male driver with a clear driving record, no claims, and a decent credit rating. If we estimate prices based on his current rating profile, USAA has the cheapest car insurance rates in Buffalo at $1,955 a year. This is $120 less than the average policy premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and MetLife also make the list of the cheapest Buffalo, NY auto insurance companies.
In this next rate comparison, we will give the driver from the above example a claim or two, a little lower credit rating, and a few blemishes on his driving record. Due to the fact that every auto insurer has their own process for determining rates, comparing prices will most likely result in a substantially altered list of affordable companies as shown below.
Allstate now has the cheapest car insurance in Buffalo with Amica, Erie, Preferred Mutual, and New York Central Mutual completing the list. This shows why consumers need to perform a complete rate comparison when trying to find the most economical insurance quotes for a Honda Accord.
Insurance prices are influenced by many things and change frequently, so the lowest-price company the last time you checked may now be one of the higher cost companies.
How to find budget-friendly car insurance for a Honda Accord
Below you’ll find some penny-pinching suggestions that can help you locate low-cost car insurance.
- Older vehicles may not need full coverage
- Increase your comprehensive and collision deductibles
- Drive vehicles with five-star safety ratings
- Serious violations like DUI or reckless driving can increase rates dramatically
- Avoid having at-fault accidents
- Clean up your credit
- Compare prices as often as possible
The last suggestion is very vital, as we discussed in this article. Prices charged by auto insurers can be changed at any time, so don’t be tentative to buy a policy from a new company if a better rate can be found. Having brand loyalty is commendable, but it’s not a great idea if that dedication is costing thousands of dollars over the life of your policy. It only takes a couple minutes to compare prices to find cheaper car insurance for a Honda Accord in Buffalo.