Buying affordable car insurance for a Honda Accord in Nebraska depends on a pretty complex algorithm that uses a lot of factors such as driver age, your claims history, and any driving offenses on your record. Nebraska drivers will pay on average $1,024 annually for Accord insurance, but that cost is a valuation based upon a 40-year-old single female driver with full coverage and $250 deductibles.
Most likely you are not 40 years old and maybe not even female, married instead of single, and maybe your Accord just needs liability-only coverage. Have just a small change in rating criteria or coverage limits can result in a large change in how much insurance for a Honda Accord costs.
Insurance is an individual thing, so the best method for finding the cheapest insurance price for your Honda is to do your own rate comparisons. It’s really quite easy you will be able to compare rates from top-rated companies available.
Your Honda’s trim level has an effect on the cost of insurance, so the price to insure a Accord LX 4-Dr Sedan model will cost $360 less than the cost to insure the fancier Accord EX-L 2-Dr Coupe model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$194||$362||$332||$20||$100||$1,008||$84|
|Accord EX 4-Dr Sedan||$194||$362||$332||$20||$100||$1,008||$84|
|Accord LX-P 4-Dr Sedan||$194||$362||$332||$20||$100||$1,008||$84|
|Accord EX-L 4-Dr Sedan||$222||$442||$332||$20||$100||$1,116||$93|
|Accord EX 2-Dr Coupe||$222||$520||$440||$26||$132||$1,340||$112|
|Accord LX-S 2-Dr Coupe||$222||$520||$440||$26||$132||$1,340||$112|
|Accord EX-L 2-Dr Coupe||$250||$520||$440||$26||$132||$1,368||$114|
|Get Your Own Custom Quote Go|
Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Information does not factor in your specific Lincoln location which can influence premium rates considerably.
Establishing which companies have the best auto insurance rates for a Honda Accord will require a bit more work in order to find the most economical policy. Each insurance company uses different criteria to set policy rates, so let’s take a look at the auto insurance companies with the most affordable rates in Lincoln, NE.
We do need to point out that Lincoln auto insurance rates are based on many factors that can increase the cost of coverage. Improving your credit rating, buying a new vehicle, or having a fender bender can produce rate changes that may make certain companies much cheaper than others.
Best Auto Insurance Prices for Your Accord
Safeco may have some of the best car insurance rates in Lincoln at around $804 per year. The Hartford, Auto-Owners, Allied, and Nationwide are also some of the most economical Lincoln, NE auto insurance companies.
As shown in the rates above, if you buy coverage from Auto-Owners and switched to Safeco, you might achieve savings of roughly $101. Customers with Allied might save as much as $145 a year, and Nationwide insureds might reduce prices by as much as $193 a year.
Be aware that those estimates are averaged for all ages of drivers and types of vehicles and do not take into consideration an exact vehicle garaging location for a Honda Accord. So the car insurance company that has the cheapest rates for you may not even be in the top 24 companies shown above. That underscores the importance of why you need to get rate quotes using your own specific driver and vehicle information.
The information below illustrates how your choice of deductibles can increase or decrease premium costs when quoting cheap insurance for a Honda Accord. The rates are based on a single male driver, full physical damage coverage, and no discounts are applied.
As shown above, a 40-year-old driver could lower rates by $296 a year by increasing from a $100 deductible to a $500 deductible, or save $446 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old, could possibly save as much as $972 each year by using a higher deductible.
If you do decide to increase your deductibles, it will now be necessary to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense associated with higher deductibles.
Why you should compare rates
Lincoln auto insurance rates are determined by lots of factors that control the cost of a policy. Simply improving your credit, buying a home instead of renting, or getting into an accident can trigger price changes resulting in some rates now being cheaper in comparison to the competition.
Not only may your risk profile change, but companies modify pricing at least once a year to adjust for heavy claims or excess profits. Unexpectedly high claims may result in rate hikes, while better underwriting may result in lower-priced Accord insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Lincoln, NE for a 45-year-old female driver with no prior claims, no tickets, and a high credit rating. When comparing rates based on her current rating profile, Safeco may offer the lowest car insurance rates in Lincoln at $812 each year. This is $504 less than the average premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska round out the rest of the best Lincoln, NE auto insurance companies.
Now we will pretend the driver in the first example a claim, a lower credit rating, and a stop sign violation. Due to the fact that each insurance company has their own formula for determining prices, analyzing rates could result in a significantly different list of the cheapest car insurance companies in Lincoln as shown below.
Farm Bureau Mutual now has the lowest price in Lincoln with State Farm, American National, USAA, and General Casualty now being in the top five. This example demonstrates why consumers need to take the time to compare as many rates as possible when trying to get the lowest auto insurance quotes for a Honda Accord. Auto insurance prices are influenced by many different factors and can change without notice, so the lowest-price company the last time you shopped your coverage around may now not even be in the top five.
How to find low-cost insurance for a Honda Accord
The list below details some thrifty suggestions that can help drivers locate cheaper auto insurance.
- Avoid filing excessive claims
- Save money by insuring your home and auto with the same company
- Buy a car with high safety ratings
- Ensure your driving record is clean
- Do not get into accidents
- Comparison shop frequently
That last idea is certainly important, as we stressed in the article above. Car insurance prices in Lincoln adjust frequently, so drivers shouldn’t hesitate to buy from a new company if a lower-cost policy is available. We understand brand loyalty, but is isn’t recommended if that inflexibility results in costing you hundreds of dollars a year. Now is a great time to compare prices to find cheaper auto insurance for a Honda Accord.
If you aren’t sure which coverage to buy and prefer to have some advice when trying to find lower insurance rates for a Honda Accord, the agents below are a good start to aid you in deciding which insurance coverage you need. To locate a Lincoln insurance agent using an interactive map, click the button link following the list.
- Farmers Insurance
916 N 70th St – Lincoln, NE 68505 – (402) 488-5277
- American Family Insurance – Tim Stewart Agency Inc.
5625 O St Ste 105 – Lincoln, NE 68510 – (402) 489-6211
- Advantage Insurance Agency
505 N 27th St #2 – Lincoln, NE 68503 – (402) 484-5454
- Solomon Halim – State Farm Insurance Agent
4007 S 48th St – Lincoln, NE 68506 – (402) 486-3839