Honda Accord Insurance on a Budget: Factors Impacting Costs

From the EX-L Hybrid trim level to the LX trim, we compared insurance cost for the Accord to look at how average rates measure up to the midsize car segment.

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How much does Honda Accord insurance cost?

Insurance on a 2024 Accord costs an average of $2,262 a year, or $189 on a monthly basis. The Accord costs slightly less to insure than the average rate for 2024 midsize sedans, which is $2,389.

When compared to all 2024 models, not just to the midsize sedan segment, the Honda Accord costs 10.5% less to insure than the national average rate for 2024 model year vehicles of $2,512 per year.

The following infographic illustrates how average Accord car insurance rates change depending on driver age and policy deductibles. The prices shown are for an annual policy, and range from $1,578 per year for a 60-year-old driver with deductibles of $1,000 to the highest cost of $5,316 per year for a 20-year-old driver with deductibles set at $250.

Average 2024 Honda Accord car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 Honda Accord car insurance premiums for different driver ages and policy deductibles. Updated on June 27, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average premiums are based on a 2024 model year Honda Accord. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 Honda Accord Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$3,830$319
$500$4,552$379
$250$5,316$443
30-Year-Old$1,000$2,014$168
$500$2,416$201
$250$2,832$236
40-Year-Old$1,000$1,894$158
$500$2,262$189
$250$2,646$221
50-Year-Old$1,000$1,684$140
$500$2,002$167
$250$2,332$194
60-Year-Old$1,000$1,578$132
$500$1,874$156
$250$2,186$182

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 Honda Accord. Updated June 27, 2025

There are two important takeaways from this data. The first is the fact that it’s more expensive to insure younger drivers.

In this example, the younger 20-year-old can expect to pay around $2,290 per year more than the average 40-year-old driver, when comparing policies with a $500 deductible.

The second point the data illustrates is the fact that using a lower deductible on your car insurance will cost considerably more than having a higher deductible.

Using the 40-year-old driver as an example, a low $250 deductible policy on a 2024 Honda Accord costs an average of $2,646 per year. A higher $1,000 deductible policy costs an average of $1,894 per year. That’s a savings of $752 per year if you select a higher deductible.

Honda Accord insurance cost by coverage

When simplified, a car insurance policy is comprised of basically four different coverages: comprehensive, collision, liability, and medical or PIP (Personal Injury Protection).

Comprehensive covers things like damage from hail or fire, collision covers damage when you hit a tree or mailbox, liability covers injuries to other people or their vehicles, and medical coverage covers injuries to you or other occupants of your vehicle.

The table below shows how each of these coverages on a typical Honda Accord insurance policy compares to the average 2024 vehicle.

2024 Honda Accord vs. All Vehicles by Policy Coverage
Policy Coverage 2024 Honda Accord 2024 All Vehicle Average Difference
Comprehensive$562$642-13.3%
Collision$1,062$1,186-11%
Liability$446$480-7.3%
Med/PIP Other$192$204-6.1%
Total Policy Cost$2,262$2,512-10.5%

Lower than average cost Higher than average cost

Data Methodology: Rated driver is a 40-year-old male with no driving violations or at-fault accidents in the prior three years. Coverage premiums are averaged for all trim levels available for the 2024 Honda Accord. Updated June 27, 2025

Comparison between a 2024 Honda Accord and all other 2024 model year vehicles showing the cost and cost different for each car insurance policy coverage
Comparison between a 2024 Honda Accord and all other 2024 model year vehicles showing the cost and cost different for each car insurance policy coverage

Based on this data, you can see that the 2024 Accord is cheaper to insure than the average 2024 model for all policy coverages, especially comprehensive coverage.

One of the best ways to pay less for auto insurance is to bundle it with your home insurance, if possible. Doing this can save an average of $249 per year when insuring a 2024 Honda Accord. See our list of the top ten discounts on Honda Accord insurance.

Additional factors that can impact the rate you pay

With so many factors going into car insurance rates, we broke out a few of them to illustrate how different profiles and lifestyle choices can make significant differences in what you’ll be paying to insure your Honda Accord.

  • Expect to pay a lot for high-risk insurance. For a 50-year-old driver, the requirement to buy a high-risk policy could raise rates by $2,650 or more per year. High-risk insurance is normally only required after serious offenses like DWI/DUIs, driving with a license or insurance, or multiple at-fault accidents.
  • Driver gender influences rates. For a 2024 Honda Accord, a 20-year-old man pays an estimated $4,552 per year, while a 20-year-old female driver pays $3,266, a difference of $1,286 per year. Women get significantly cheaper rates at this age due to the tendency of males to be more aggressive and risk-tolerant. But by age 50, the cost for a male driver is $2,002 and the rate for women is $1,954, a difference of only $48.
  • Avoiding accidents saves money. At-fault accidents raise insurance rates, possibly by an extra $3,228 per year for a 20-year-old driver and even $672 per year for a 50-year-old driver.
  • Save money by qualifying for policy discounts. Discounts may be available if the insureds drive a vehicle with safety or anti-theft features, are claim-free, belong to certain professional organizations, insure their home and car with the same company, or many other policy discounts which could save the average driver as much as $382 per year.
  • Get a discount from your choice of occupation. Some auto insurance providers offer policy discounts for specific professions like college professors, architects, doctors, members of the military, scientists, farmers, and other occupations. If you can get this discount applied to your policy, you may save between $68 and $228 on your annual insurance cost, depending on the age of the rated driver.
  • Accord insurance for teen drivers is expensive. Average rates for full coverage Accord insurance costs $8,020 per year for a 16-year-old driver, $7,786 per year for a 17-year-old driver, and $7,006 per year for an 18-year-old driver.

What is the cheapest Accord to insure?

With Honda Accord car insurance cost ranging from $2,180 to $2,320 per year on average, the lowest-cost model to insure is the EX-L Hybrid model. The next cheapest trim level to insure is the Sport Hybrid at $2,242 per year.

Average Honda Accord insurance cost per month ranges from $182 to $193 depending on the trim level, so plan on budgeting around that amount per month for full coverage insurance. This amount will vary depending on where you live, however.

2021 Honda Accord Platinum White Pearl
2021 Honda Accord in Platinum White Pearl with 19-inch alloy wheels

For higher trim levels, the three most expensive Honda Accord models to insure are the EX, the Sport-L Hybrid, and the LX trim levels at an estimated $2,276,  $2,292, and $2,320 per year, respectively.

The table below shows average Honda Accord insurance rates, including a monthly budget amount, for each available trim level for the 2024 model year.

2024 Honda Accord Insurance Rates by Trim Level
2024 Honda Accord Trim Level Annual Premium Cost Per Month
EX-L Hybrid$2,180$182
Sport Hybrid$2,242$187
Touring Hybrid$2,270$189
EX$2,276$190
Sport-L Hybrid$2,292$191
LX$2,320$193

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated June 26, 2025

Insurance cost by trim level for a 2024 Honda Accord ranging from the EX-L Hybrid model at $2,180 per year to the LX model at $2,320
Insurance cost by trim level for a 2024 Honda Accord ranging from the EX-L Hybrid model at $2,180 per year to the LX model at $2,320

We recommend comparing rates between at least five different car insurance companies in order to find the best price on Honda Accord insurance. Include several major companies (Progressive, GEICO, etc.) as well as smaller companies in your area.

How much is insurance on a used Honda Accord?

Insuring a 2013 Accord instead of a new 2024 model could save around $830 or more each year. A 2017 model would save around $440 over the cost of insurance for a new model.

The next table shows average Accord insurance costs for the 2013 to 2024 model years and for various driver age groups. Average policy cost ranges from $1,200 per year for a 60-year-old driver rated on a 2013 Honda Accord to the most expensive rate of $4,552 for a 20-year-old rated on a 2024 Honda Accord.

Honda Accord Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 Honda Accord$4,552$2,262$1,874
2023 Honda Accord$4,668$2,304$1,910
2022 Honda Accord$4,534$2,228$1,852
2021 Honda Accord$4,336$2,134$1,776
2020 Honda Accord$4,216$2,076$1,726
2019 Honda Accord$4,048$1,994$1,658
2018 Honda Accord$3,850$1,900$1,586
2017 Honda Accord$3,660$1,814$1,514
2016 Honda Accord$3,494$1,738$1,454
2015 Honda Accord$3,082$1,540$1,290
2014 Honda Accord$3,008$1,496$1,256
2013 Honda Accord$2,864$1,430$1,200

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Honda Accord trim levels for each model year. Updated June 27, 2025

Average insurance rates for 2013 to 2024 Honda Accord models for drivers age 20, 40 and 60
Average insurance rates for 2013 to 2024 Honda Accord models for drivers age 20, 40 and 60

Eventually, as the vehicle gets older it will make sense to remove either comprehensive or collision or both from the insurance policy. As vehicles get older and lose value from depreciation, the extra cost of physical damage protection starts to surpass the benefits.

Vehicle ages beyond the scope of the table above may be candidates for removing full coverage. Dropping comprehensive and collision coverage could save around $808 per year, depending on how high the deductibles were and the driver age.

How does Honda Accord insurance cost compare?

When compared to other midsize cars, the Accord costs $254 less per year than the Toyota Camry, $276 less than the Nissan Altima, $488 less than the Tesla Model 3, and $10 less than the Chevrolet Malibu.

The Honda Accord ranks second out of 11 total vehicles in the 2024 midsize car segment for car insurance affordability. The Accord costs an average of $2,262 per year for full coverage insurance and the class average rate is $2,389 per year, a difference of $127 per year.

The chart below shows how average car insurance rates for an Accord compare to other popular 2024 midsize cars. The average rate for a 2024 Accord is shown in orange, while the average rate for the segment is shown in dark blue.

2024 Honda Accord average car insurance premium compared to other midsize car models.
Figure 2: 2024 Honda Accord average car insurance premium compared to other midsize car models. Rates updated on June 26, 2025.

Data Methodology: Average rates are based on 2024 models and assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Premium is averaged for all trim levels for each model. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

2024 Honda Accord Insurance Cost vs. the Midsize Car Segment
Rank Make and Model Annual Premium Difference
1Kia K5$2,258-$4
2Honda Accord$2,262--
3Chevrolet Malibu$2,272$10
4Volkswagen Arteon$2,302$40
5Subaru Legacy$2,312$50
6Hyundai Ioniq 6$2,330$68
7Toyota Crown$2,370$108
8Hyundai Sonata$2,372$110
2024 Midsize Car Average$2,389$127
9Toyota Camry$2,516$254
10Nissan Altima$2,538$276
11Tesla Model 3$2,750$488

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model. Updated June 26, 2025

To see a table that ranks and compares all 11 models in the 2024 midsize sedan segment, simply click the table button in the lower-left corner of the chart.

Accord insurance compared to similarly-priced models

When sticker price is factored in, we can find out how insurance cost compares between the Accord and other models with similar average MSRPs. The 2024 Accord has an average sticker price of $32,934, before destination charges and dealer fees.

The vehicles closest in price to the Accord for the 2024 model year are the Hyundai Sonata, Toyota Camry, Subaru Legacy, and Nissan Altima. The next list shows how those models compare to the Honda Accord by purchase price and the cost to insure. See our cost comparisons index page for additional Accord comparisons plus many other makes and models.

  • Honda Accord vs. Hyundai Sonata – With an average MSRP of $32,000 and ranging from $26,000 to $37,000, the Hyundai Sonata costs $934 less than the average sticker price for the Honda Accord. Full-coverage insurance on the Hyundai Sonata costs an average of $110 more each year than the Honda Accord.
  • Honda Accord vs. Toyota Camry – Having an average MSRP of $31,506 ($26,420 to $36,845), the 2024 Toyota Camry costs $1,428 less than the average cost for the Honda Accord. Drivers can expect to pay an average of $254 more per year for insurance on the Toyota Camry compared to an Accord.
  • Honda Accord vs. Subaru Legacy – Having an average MSRP of $31,345 and ranging from $24,895 to $38,195, the Subaru Legacy costs $1,589 less than the MSRP for the Honda Accord. Insurance on the Subaru Legacy costs an average of $50 more each year than the Honda Accord.
  • Honda Accord vs. Nissan Altima – Having an average price of $29,930 and ranging from $25,730 to $35,430, the 2024 Nissan Altima costs $3,004 less than the average cost of the Honda Accord. Anticipate paying an average of $276 more each year for full-coverage insurance on the Nissan Altima compared to an Accord.

Honda Accord car insurance rates for teenagers

The Honda Accord has always been a solid choice for teenagers to drive. Reliability and safety make it a good choice for younger drivers, and insurance cost is affordable.

Regardless of the type of vehicle chosen, however, car insurance for teenagers is always going to be higher-priced than for more mature drivers. Teens are easily distracted behind the wheel and have not had the experience that only comes with time and age.

Nevertheless, the chart below shows average Honda Accord car insurance rates for teenage drivers from the age of 16 to 19. Rates are broken out for both male and female drivers due to the significant difference in gender-based rates. Prices range from a low of $5,390 to insure a 19-year-old female driver to a high of $8,020 to insure a 16-year-old male driver.

Average cost to insure teenage drivers on a 2024 Honda Accord with full coverage.
Figure 3: Average cost to insure teenage drivers on a 2024 Honda Accord with full coverage. Rates updated on June 27, 2025.

Data Methodology: Teenage driver rates are for a 2024 model year Honda Accord with $500 comprehensive and collision deductibles. Rates are averaged across all U.S. states and all Honda Accord trim levels. Rates assume a clean driving record and no claims or at-fault accidents.

Honda Accord Insurance Cost for Teenage Drivers
Driver Age Male Driver Female Driver
16-Year-Old$8,020$7,494
17-Year-Old$7,786$7,450
18-Year-Old$7,006$6,451
19-Year-Old$6,371$5,390

Data Methodology: Rated teen drivers have no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium amounts are averaged for all trim levels available on the 2024 Honda Accord. Updated June 27, 2025

As shown by the chart above, car insurance rates are highest for 16-year-old drivers and decline slightly each year. Honda Accord insurance for a 17-year-old driver costs an average of $7,450 for females and $7,786 for males. Insuring an 18-year-old on a Honda Accord would cost an average of $7,450 for females and $7,786 for males.

Keep in mind these rates are for a new 2024 Honda Accord, and rates tend to drop as the vehicle ages. Read the next section on liability-only insurance to get an idea of how to reduce the cost of Honda Accord car insurance for teens.

Full coverage vs. liability-only insurance cost

The teen driver rates in the chart above are for a 2024 Honda Accord with full coverage, which simply means insurance includes coverage for claims such as hail damage, collisions, and vehicle theft.

A good way to reduce the cost of insurance for not only teenage drivers but any age driver is to purchase an older model Honda Accord and only insure it for liability insurance. This gives the required liability protection but saves money because you’re not paying for comprehensive and collision coverage.

The table below compares the cost of full coverage Honda Accord car insurance to the cost of only insuring for liability coverage.

Honda Accord Insurance Rates for 2004 to 2012 Model Years
Vehicle Model Year Full Coverage Insurance Liability Insurance
2012 Honda Accord$1,366$616
2011 Honda Accord$1,310$610
2010 Honda Accord$1,250$604
2009 Honda Accord$1,194$600
2008 Honda Accord$1,146$594
2007 Honda Accord$1,130$588
2006 Honda Accord$1,106$582
2005 Honda Accord$1,066$576
2004 Honda Accord$1,038$570

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Full coverage comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each model year. Updated June 27, 2025

Average cost for full coverage and liability insurance for 2004 to 2012 model year Honda Accord vehicles
Average cost for full coverage and liability insurance for 2004 to 2012 model year Honda Accord vehicles

One thing to note about buying a liability-only car insurance policy is that if you do have an accident or incident where there is physical damage to your vehicle, you have no coverage. So if you do not have the financial means to replace the vehicle, it may not be the best idea to drop physical damage coverage entirely.

Be sure you’re getting the discounts you deserve

Qualifying for policy discounts is one of the best ways to get cheaper Honda Accord insurance. Every company offers discounts, but some offer a wider selection than others.

We assembled the top ten discounts by average savings and the larger U.S. insurance companies that offer each one.

Top Ten Policy Discounts on Honda Accord Insurance
Policy Discount Larger Companies that Offer this Discount Average Savings
Good Driver Savings of 10% to 30%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers$317
Multi-Policy Bundling Savings of 1% to 17%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$249
Usage-based Save up to 30%Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA$210
Safety Features Savings of 3% to 20%American Family, Farmers, GEICO, Liberty Mutual, State Farm$179
Defensive Driving Savings of 5% to 10%AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA$170
Military Savings of 5% to 15%Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA$158
Pay in Full Savings of 5% to 10%Allstate, Nationwide, Progressive, State Farm, Travelers$143
Multiple Vehicles Savings of 4% to 15%Allstate, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Progressive, Travelers, USAA$136
Student Away at School Savings of 4% to 25%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$131
Good Student Savings of 3% to 20%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$118

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Available discounts and savings amounts vary by company. Updated June 27, 2025

Average savings provided by 10 popular car insurance discounts when insuring a 2024 Honda Accord
Average savings provided by 10 popular car insurance discounts when insuring a 2024 Honda Accord

Note that this is by no means a comprehensive list of the companies that offer these discounts. There are many smaller insurance companies that may also offer some or all of the discounts listed above. But for the sake of this article, we focused primarily on the larger carriers.

Also, each company may apply discounts to different coverages. For example, taking a defensive driving course may only get you a discount on the specific premiums charged for liability and/or collision insurance rather than the entire policy premium.

This makes sense if you think about it because being a better driver will not have any impact on the frequency or severity of comprehensive claims, like from a hail storm or flood.

We highly recommend asking your agent or a customer service representative if you are getting every discount you deserve. It’s an easy way to reduce the cost of your Honda Accord insurance.

Ryan GrabensteinDuring his career as an independent insurance agent, Ryan Grabenstein was appointed with Progressive, Allstate, Nationwide, Travelers, and many smaller regional and mutual companies. He has a Bachelor's degree in Finance from the University of Nebraska at Lincoln and Certified Insurance Counselor (CIC) personal and commercial lines training.