Buying economical coverage for a Honda Accord doesn’t take a ton of time, but it relies on a complex formula that considers things such as how far you drive to work, whether you are claim-free, and driving violations. Nevada drivers pay on average $1,243 each year for Accord insurance, but that figure is an estimation calculated using a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
Most likely you are not 30 and maybe not even a female, possibly married instead of single, or maybe you are just looking for cheap liability insurance. This example demonstrates why the best method for finding affordable rates for your Honda is to just take the time to compare rates yourself.
Your Honda’s trim level will most likely have an effect on the coverage cost, so the price to insure a Accord LX 4-Dr Sedan trim level will be $444 cheaper than the cost to insure the higher-priced Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$256||$484||$354||$20||$106||$1,220||$102|
|Accord EX 4-Dr Sedan||$256||$484||$354||$20||$106||$1,220||$102|
|Accord LX-P 4-Dr Sedan||$256||$484||$354||$20||$106||$1,220||$102|
|Accord EX-L 4-Dr Sedan||$294||$590||$354||$20||$106||$1,364||$114|
|Accord EX 2-Dr Coupe||$294||$694||$470||$28||$140||$1,626||$136|
|Accord LX-S 2-Dr Coupe||$294||$694||$470||$28||$140||$1,626||$136|
|Accord EX-L 2-Dr Coupe||$332||$694||$470||$28||$140||$1,664||$139|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific Henderson garaging location which can influence premium rates substantially.
Buying coverage from the right insurance company can be challenging considering how many companies there are in Henderson. The company information in the next section can help you analyze which car insurance companies to look at comparing price quotes from. These rankings are for companies that write coverage in many states, so companies that focus mainly on Nevada business are not taken into consideration for this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below demonstrates how deductibles can raise or lower insurance premiums when searching for cheap insurance for a Honda Accord. The premiums assume a married female driver, full physical damage coverage, and no other discounts are factored in.
A 50-year-old driver could save $210 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $318 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could drop their prices $522 each year just by choosing larger deductibles.
If you do decide to increase your deductibles, it will be required to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Here’s why you should compare rates often
Nevada car insurance rates are influenced by many factors that may substantially change the cost of your policy. Simply improving your credit, getting divorced, or getting a ticket for running a stop sign can trigger rate changes resulting in some companies being more affordable than others. Not only may things change on your end, but auto insurance companies file new rates as often as every three months in order to offset underwriting gains or losses. An extended period of higher than normal claims can result in rate increases, while a better claims history may cause cheaper Accord insurance rates.
The bar chart below shows a variety of companies that have the cheapest car insurance in Henderson, NV for a 40-year-old female driver with a clean driving record, no accidents, and good financial standing. If we compare prices based on her current situation, Allied might quote the cheapest car insurance rates in Henderson at $1,469 a year. This is $105 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are the rest of the best Henderson, NV auto insurance companies.
The next chart shows rates after we give the driver from the above example an accident claim, bad credit, and a blemish on her driving record. Due to the fact that every auto insurer has a proprietary formula for determining rates in each state, comparing rates most likely will result in a slightly different list of the cheapest Henderson car insurance companies as shown below.
GEICO now has the best insurance rate in Henderson with Travelers, USAA, Safeco, and Nationwide completing the list. This demonstrates why Henderson drivers need to compare many different companies when trying to find the most budget-friendly auto insurance quotes for a Honda Accord. Car insurance prices can be altered by many risk factors and change substantially, so the best company the last time you shopped your coverage around may now be quite expensive.