- Honda Accord car insurance rates average $1,782 per year, $891 for a 6-month policy, or $149 per month, depending on the trim level.
- The cheapest model of Honda Accord to insure is the Hybrid at around $1,650 per year, or about $138 per month.
- When compared to other midsize cars, the 2023 Honda Accord is one of the cheaper to insure, costing $18 less per year on average.
- Insurance for a used Honda Accord could save $598 or more each year over the cost of buying a new one.
How much does Honda Accord insurance cost?
Insurance on a 2023 Accord costs an average of $1,782 a year, or $149 on a monthly basis. The Accord costs slightly less to insure than the average rate for 2023 midsize sedans, which is $1,800.
When compared to all 2023 models, not just to the midsize sedan segment, the Honda Accord costs 6.4% less to insure than the national average rate for 2023 model year vehicles of $1,900 per year.
The following chart 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 $1,346 per year for a 60-year-old driver with deductibles of $1,000 to the highest cost of $4,156 per year for a 20-year-old driver with deductibles set at $250.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
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 $1,780 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 2023 Honda Accord costs an average of $2,080 per year. A higher $1,000 deductible policy costs an average of $1,498 per year. That’s a savings of $582 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 2023 vehicle.
|Policy Coverage||2023 Honda Accord||2023 All Vehicle Average||Difference|
|Total Policy Cost||$1,782||$1,900||-6.4%|
Lower than average cost Higher than average cost
Based on this data, you can see that the 2023 Accord is cheaper to insure than the average 2023 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 $196 per year when insuring a 2023 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 $2,118 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 2023 Honda Accord, a 20-year-old man pays an estimated $3,564 per year, while a 20-year-old female driver pays $2,632, a difference of $932 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 $1,624 and the rate for women is $1,592, a difference of only $32.
- Avoiding accidents saves money. At-fault accidents raise insurance rates, possibly by an extra $2,520 per year for a 20-year-old driver and even $580 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 $300 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 $53 and $178 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 $6,402 per year for a 16-year-old driver, $5,996 per year for a 17-year-old driver, and $5,606 per year for an 18-year-old driver.
What is the cheapest Accord to insure?
With Honda Accord car insurance cost ranging from $1,650 to $1,936 per year on average, the lowest-cost model to insure is the Hybrid model. The next cheapest trim level to insure is the LX at $1,706 per year.
Average Honda Accord insurance cost per month ranges from $138 to $161 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.
For higher trim levels, the three most expensive Honda Accord models to insure are the Hybrid Touring, the EX-L, and the Touring trim levels at an estimated $1,838, $1,846, and $1,936 per year, respectively.
The table below shows average Honda Accord insurance rates, including a monthly budget amount, for each available trim level for the 2023 model year.
|Honda Accord Trim Level||Annual Policy||Six-Month Policy||Per Month|
|Sport Special Edition||$1,800||$900||$150|
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 2023 model could save around $590 or more each year. A 2017 model would save around $310 over the cost of insurance for a new model.
The next table shows average Accord insurance costs for the 2013 to 2023 model years and for various driver age groups. Average policy cost ranges from $1,060 per year for a 60-year-old driver rated on a 2013 Honda Accord to the most expensive rate of $3,564 for a 20-year-old rated on a 2023 Honda Accord.
|Model Year and Vehicle||Driver Age 20||Driver Age 40||Driver Age 60|
|2023 Honda Accord||$3,564||$1,782||$1,596|
|2022 Honda Accord||$3,458||$1,726||$1,548|
|2021 Honda Accord||$3,306||$1,652||$1,480|
|2020 Honda Accord||$3,264||$1,630||$1,462|
|2019 Honda Accord||$3,154||$1,574||$1,414|
|2018 Honda Accord||$3,066||$1,530||$1,372|
|2017 Honda Accord||$2,918||$1,464||$1,310|
|2016 Honda Accord||$2,872||$1,442||$1,292|
|2015 Honda Accord||$2,534||$1,282||$1,146|
|2014 Honda Accord||$2,468||$1,240||$1,114|
|2013 Honda Accord||$2,348||$1,184||$1,060|
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 $630 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 $104 more per year than the Toyota Camry, $100 less than the Nissan Altima, $22 less than the Tesla Model 3, and $66 more than the Chevrolet Malibu.
The Honda Accord ranks fifth out of 11 total vehicles in the 2023 midsize car segment for car insurance affordability. The Accord costs an average of $1,782 per year for full coverage insurance and the class average rate is $1,800 per year, a difference of $18 per year.
The chart below shows how average car insurance rates for an Accord compare to other popular 2023 midsize cars. The average rate for a 2023 Accord is shown in orange, while the average rate for the segment is shown in dark blue.
|Rank||Make and Model||Insurance Cost||Difference|
|2023 Midsize Car Average||$1,800||$18|
|7||Tesla Model 3||$1,804||$22|
To see a table that ranks and compares all 11 models in the 2023 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 2023 Accord has an average sticker price of $31,964, before destination charges and dealer fees.
The vehicles closest in price to the Accord for the 2023 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 $30,856 and ranging from $24,950 to $35,700, the Hyundai Sonata costs $1,108 less than the average sticker price for the Honda Accord. Full-coverage insurance on the Hyundai Sonata costs an average of $184 more each year than the Honda Accord.
- Honda Accord vs. Toyota Camry – Having an average MSRP of $30,845 ($25,945 to $36,870), the 2023 Toyota Camry costs $1,119 less than the average cost for the Honda Accord. Drivers can expect to pay an average of $104 less per year for insurance on the Toyota Camry compared to an Accord.
- Honda Accord vs. Subaru Legacy – Having an average MSRP of $30,825 and ranging from $24,395 to $37,695, the Subaru Legacy costs $1,139 less than the MSRP for the Honda Accord. Insurance on the Subaru Legacy costs an average of $156 less each year than the Honda Accord.
- Honda Accord vs. Nissan Altima – Having an average price of $29,490 and ranging from $25,290 to $34,990, the 2023 Nissan Altima costs $2,474 less than the average cost of the Honda Accord. Anticipate paying an average of $100 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 $4,520 to insure a 19-year-old female driver to a high of $6,402 to insure a 16-year-old male driver.
|Gender||Driver Age 16||Age 17||Age 18||Age 19|
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 $5,324 for females and $5,996 for males. Insuring an 18-year-old on a Honda Accord would cost an average of $5,324 for females and $5,996 for males.
Keep in mind these rates are for a new 2023 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 2023 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.
|Vehicle Model Year||Full Coverage Insurance||Liability Insurance|
|2012 Honda Accord||$1,148||$550|
|2011 Honda Accord||$1,100||$546|
|2010 Honda Accord||$1,060||$542|
|2009 Honda Accord||$1,016||$538|
|2008 Honda Accord||$968||$528|
|2007 Honda Accord||$928||$520|
|2006 Honda Accord||$918||$516|
|2005 Honda Accord||$898||$510|
|2004 Honda Accord||$868||$506|
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.
|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||$249|
|Multi-Policy Bundling Savings of 1% to 17%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$196|
|Usage-based Save up to 30%||Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA||$166|
|Safety Features Savings of 3% to 20%||American Family, Farmers, GEICO, Liberty Mutual, State Farm||$141|
|Defensive Driving Savings of 5% to 10%||AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA||$134|
|Military Savings of 5% to 15%||Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA||$125|
|Pay in Full Savings of 5% to 10%||Allstate, Nationwide, Progressive, State Farm, Travelers||$112|
|Multiple Vehicles Savings of 4% to 15%||Allstate, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Progressive, Travelers, USAA||$107|
|Student Away at School Savings of 4% to 25%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$103|
|Good Student Savings of 3% to 20%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$93|
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.