Buying cheap auto insurance for a Honda Accord in Georgia doesn’t take a ton of time, but it is dependent upon a fairly complex equation with a lot of factors such as the mileage of your daily commute, whether or not you have prior claims, and your driving record. Georgia drivers pay around $990 per year to insure their Accord, but that cost is a valuation calculated using a 40-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
There’s a good chance you aren’t exactly 40 years old or even a male, maybe you are single instead of married, or maybe you have a speeding ticket that needs to be factored in. Not every driver requires the same auto insurance coverages, so the best way to find cheap insurance rates for your Honda is to compare as many rates as possible.
The trim level of your Honda will be a contributing factor to the annual cost of coverage, so the price you pay to insure a Accord LX 4-Dr Sedan will be $350 cheaper than the insurance cost for the high end Accord EX-L 2-Dr Coupe model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$196||$312||$344||$20||$104||$976||$81|
|Accord EX 4-Dr Sedan||$196||$312||$344||$20||$104||$976||$81|
|Accord LX-P 4-Dr Sedan||$196||$312||$344||$20||$104||$976||$81|
|Accord EX-L 4-Dr Sedan||$224||$380||$344||$20||$104||$1,072||$89|
|Accord EX 2-Dr Coupe||$224||$448||$458||$28||$138||$1,296||$108|
|Accord LX-S 2-Dr Coupe||$224||$448||$458||$28||$138||$1,296||$108|
|Accord EX-L 2-Dr Coupe||$254||$448||$458||$28||$138||$1,326||$111|
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle location which can impact price quotes noticeably.
Selecting the right car insurance provider can be challenging considering how many companies sell coverage in Atlanta. The ranking data displayed below can help you pick which car insurance providers to look at buying from.
The ratings below are only made up of the largest companies in America, so companies without a large exposure are not factored into this list. To compare price quotes and find the cheapest rates for a Honda Accord, click this link.
Top 10 Major Car Insurance Companies Overall in Atlanta
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Major Car Insurance Companies in Atlanta Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Rate difference between full and liability-only coverage
Finding the cheapest auto insurance should be important to most people, and a great way to reduce the cost of insurance for a Honda Accord is to not buy full coverage. The chart below illustrates the comparison of insurance premiums when comparing full coverage to liability only. The price estimates are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for all age groups, physical damage insurance costs $2,028 per year more than just buying liability insurance. Many of you may wonder if buying full coverage is worth the money. There is no exact rule for dropping physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
How to get discounts on Atlanta insurance rates
Insurance providers that offer cheap quotes for a Honda Accord may also give you special discounts that could lower prices by as much as 40% or more if you meet specific criteria. Large auto insurance companies and the discounts they provide can be found below.
- 21st Century has discounts for anti-lock brakes, student driver, homeowners, defensive driver, good student, and 55 and older.
- State Farm offers discounts including multiple policy, safe vehicle, passive restraint, anti-theft, and good driver.
- AAA policyholders can earn discounts including multi-car, good student, AAA membership discount, anti-theft, multi-policy, pay-in-full, and education and occupation.
- Liberty Mutual has savings for hybrid vehicle, newly married, newly retired, new graduate, new move discount, and preferred payment discount.
- Progressive offers discounts for multi-policy, continuous coverage, multi-vehicle, online quote discount, homeowner, online signing, and good student.
The illustration below illustrates the comparison of insurance premiums with and without policy discounts. The prices are based on a female driver, a clean driving record, no claims, Georgia state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, multiple vehicle, accident-free, anti-theft, multiple policy, and defensive driving course discounts applied. When discounts are factored in, the average savings per year on auto insurance for a Honda Accord is 28% or $795.
Ideas to find more affordable auto insurance for a Honda Accord
Lowering your rates is not difficult, and here are many thrifty ideas that can help you quote cheaper coverage.
- Try paying for small claims out-of-pocket
- Buying home and auto together can help save money
- Clean up your credit
- Increase your policy deductibles
- Drop full coverage on older vehicles
- Safer vehicles generally have cheaper insurance rates
- Compare rates once a year for cheaper prices
The last idea is notably critical, as we discussed in the prior article. Car insurance rates in Atlanta fluctuate considerably, so drivers shouldn’t be reluctant to switch to a new company if a better deal can be had.
Brand loyalty is not necessarily bad, but we do not recommend it if that faithfulness ends up costing you potentially thousands of dollars a year. Now is a great time to compare rates and find cheaper auto insurance for a Honda Accord.
If you aren’t sure which coverage to buy and prefer to have a professional recommendation when shopping for cheaper insurance for an Accord, the agents listed below can provide answers to your questions and help you determine which coverages you need.
To locate an Atlanta auto insurance agent by location nearest to you, click the button link following the list or click here to compare price quotes.
Kerry Mitchell – State Farm Insurance Agent
2900 Chamblee-Tucker Rd, Bldg 15 – Atlanta, GA 30341 – (770) 455-0017
Lindsay Mullen – State Farm Insurance Agent
2250 N Druid Hills Rd Ste 145 – Atlanta, GA 30329 – (404) 728-1000
Shiron Kilgore – State Farm Insurance Agent
42 Forsyth St NW – Atlanta, GA 30303 – (404) 527-4883
DeWayne Hrabowski – State Farm Insurance Agent
1120 Ralph David Abernathy Blvd SW #4 – Atlanta, GA 30310 – (404) 758-5400