Best Insurance for a Honda Accord in Detroit

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Insurance for Honda AccordInconceivable but true, the vast majority of insurance customers have stayed with the same insurance company for at least four years, and about 40% of consumers have never shopped around. Michigan drivers can cut their rates by nearly 65% a year by just shopping around, but most just don't grasp the amount of money they would save if they swap their current policy for a cheaper one.

If saving money is your primary concern, then the best way to find better pricing on Honda Accord insurance in Detroit is to do an annual price comparison from different companies who can sell car insurance in Michigan.

  • First, try to learn about what coverages are included in your policy and the things you can control to drop your rates. Many rating criteria that result in higher rates like high-risk driving behaviors and a less-than-favorable credit rating can be controlled by making lifestyle changes or driving safer. Read the full article for more ideas to help keep prices low and get bigger discounts that may have been overlooked.
  • Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices from multiple insurance companies.
  • Third, compare the new quotes to the price on your current policy to see if cheaper Accord coverage is available. If you can save money and buy the policy, make sure there is no coverage gap between policies.
  • Fourth, provide adequate notice to your current company of your decision to cancel your current auto insurance policy. Submit a down payment along with a signed application for your new coverage. As soon as coverage is bound, keep the new certificate verifying coverage in an accessible location in your vehicle.

One thing to point out is to try to compare identical deductibles and limits on every quote request and and to get quotes from as many different insurance providers as possible. Doing this helps ensure a level playing field and a better comparison of the market.

Why You Might Pay Lower Rates in Detroit

Multiple criteria are part of the calculation when you get a price on insurance. A few of the factors are predictable like your driving record, although others are more transparent like where you live or your commute time.

  • Driving citations cost more than a fine - Only having one chargeable violation may cause rates to rise to the point where it's not affordable. Drivers with clean records get better rates as compared to those with violations. Drivers with license-revoking tickets like reckless driving or DUI are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.

    The information below highlights how speeding tickets and fender-benders increase Honda Accord car insurance costs for each different age group. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

  • Rural areas have lower rates - Choosing to live in areas with lower population may provide you with better prices when talking about insurance. Fewer drivers means less chance of accidents and lower theft and vandalism rates. Urban drivers regularly have more road rage incidents and much longer commute distances. Higher commute times means more chance of being in an accident.
  • Vehicles with better crash test results save money - Vehicles that have high safety ratings get lower rates. The safest vehicles help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your Honda has ratings of a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Coverage deductibles are a factor - Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Honda. Some examples of claims that would be covered could be running into the backend of another car, damage from fire, and having your car stolen. Comp and collision deductibles are how much you are willing to pay out-of-pocket in the event of a claim. The more damage repair cost you're willing to pay, the better rate you will receive.
  • Insurance costs are higher for high performance vehicles - The performance level of the car or truck you are buying insurance for makes a big difference in your rates. The lowest premiums are for lower cost passenger cars, but that's not the only thing that factors into the final price.

    The following data uses these assumptions: single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. The chart compares Honda Accord policy rates compared to other models that have different performance risks.

  • Honda Accord insurance claim data - Companies use past loss statistics for each vehicle when they set coverage costs for each model. Vehicles that are shown to have increased claim numbers or amounts will have higher rates. The next table shows the actual insurance loss data for Honda Accord vehicles.

    For each policy coverage type, the claim probability for all vehicles, without regard to make or model, equals 100. Numbers shown that are under 100 are indicative of better than average losses, while percentages above 100 show a trend for more claims or larger claims.

    Car Insurance Loss Data for Honda Accord Models
    Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Honda Accord 91 85 90 122 117 94
    Honda Accord Hybrid 96 80 98 89 76 84
    Honda Accord Crosstour 4dr 2WD 85 97 83 122 113 94
    Honda Accord Crosstour 4dr 4WD 99 102 94 120 93

    Empty fields indicate not enough data collected
    Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

The quickest method to get policy rate comparisons for Honda Accord insurance in Detroit is to realize auto insurance companies pay for the opportunity to give rate comparisons. To start a quote, the only thing you need to do is provide the companies a bit of rating information like whether you are married, how much education you have, whether you have decent credit, and driver details. Your information is instantly provided to many of the top insurers and they return quotes instantly.

If you would like to compare rates now, click here then complete the form.

The providers in the list below can provide price comparisons in Michigan. To buy cheaper auto insurance in Michigan, it's a good idea that you visit several of them in order to find the most affordable rates.

Coverage information

The rate information displayed next showcases detailed analysis of insurance rates for Honda Accord models. Learning a little about how insurance prices are established can help guide drivers when making informed coverage decisions.

Honda Accord Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $590 $882 $768 $46 $230 $2,516 $210
Accord LX 4-Dr Sedan $590 $882 $768 $46 $230 $2,516 $210
Accord EX 4-Dr Sedan $590 $882 $768 $46 $230 $2,516 $210
Accord LX-P 4-Dr Sedan $590 $882 $768 $46 $230 $2,516 $210
Accord LX-P 4-Dr Sedan $590 $882 $768 $46 $230 $2,516 $210
Accord EX-L 4-Dr Sedan $678 $1074 $768 $46 $230 $2,796 $233
Accord EX 2-Dr Coupe $678 $1264 $1022 $60 $306 $3,330 $278
Accord LX-S 2-Dr Coupe $678 $1264 $1022 $60 $306 $3,330 $278
Accord EX-L 2-Dr Coupe $764 $1264 $1022 $60 $306 $3,416 $285
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in your specific Detroit location which can lower or raise coverage rates noticeably.

An analysis of deductible level

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The comparison tables below can help show the difference in cost when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Honda Accord insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $464 $738 $586 $34 $176 $2,023 $169
Accord LX 4-Dr Sedan $464 $738 $586 $34 $176 $2,023 $169
Accord EX 4-Dr Sedan $464 $738 $586 $34 $176 $2,023 $169
Accord LX-P 4-Dr Sedan $464 $738 $586 $34 $176 $2,023 $169
Accord LX-P 4-Dr Sedan $464 $738 $586 $34 $176 $2,023 $169
Accord EX-L 4-Dr Sedan $534 $900 $586 $34 $176 $2,255 $188
Accord EX 2-Dr Coupe $534 $1060 $780 $46 $234 $2,679 $223
Accord LX-S 2-Dr Coupe $534 $1060 $780 $46 $234 $2,679 $223
Accord EX-L 2-Dr Coupe $602 $1060 $780 $46 $234 $2,747 $229
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Honda Accord insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $288 $464 $586 $34 $176 $1,548 $129
Accord LX 4-Dr Sedan $288 $464 $586 $34 $176 $1,548 $129
Accord EX 4-Dr Sedan $288 $464 $586 $34 $176 $1,548 $129
Accord LX-P 4-Dr Sedan $288 $464 $586 $34 $176 $1,548 $129
Accord LX-P 4-Dr Sedan $288 $464 $586 $34 $176 $1,548 $129
Accord EX-L 4-Dr Sedan $330 $566 $586 $34 $176 $1,692 $141
Accord EX 2-Dr Coupe $330 $666 $780 $46 $234 $2,056 $171
Accord LX-S 2-Dr Coupe $330 $666 $780 $46 $234 $2,056 $171
Accord EX-L 2-Dr Coupe $372 $666 $780 $46 $234 $2,098 $175
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can modify auto insurance rates greatly.

Based on the above data, using a $250 deductible will cost you roughly $45 more each month or $540 for a full year than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 17 months between claims, you would most likely save money if you opt for a higher deductible. The table below shows how you can make your own decision.

Average monthly premium for $250 deductibles: $190
Average monthly premium for $1,000 deductibles (subtract): - $145
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important caveat is that increasing deductibles to save money means you will have to pay more when you have to file a claim. That will require some savings in order to pay more for the deductible.

Three reasons to insure your vehicle

Despite the fact that insurance is not cheap in Detroit, buying insurance serves a purpose in several ways.

  • Just about all states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability coverage in order to drive the car. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you bought your Honda with a loan, most banks will stipulate that you have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Honda at an extremely high rate and require you to fork over for it.
  • Insurance protects both your assets and your vehicle. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your car more than cancel out the cost, especially for larger claims. Today the average American driver is wasting up to $869 every year so it's important to compare rates at least once a year to help ensure money is not being wasted.

Cheaper rates by taking advantage of discounts

Some insurers don't always list all available discounts in an easy-to-find place, so the below list has a few of the more well known as well as some of the hidden credits that you can use to lower your rates.Cheaper auto insurance with discounts

  • Accident Forgiveness - This isn't a discount exactly, but a few companies such as GEICO, Allstate and Liberty Mutual will allow you to have one accident without the usual rate increase if you are claim-free prior to the accident.
  • Paperless Signup - A few larger companies give back up to $50 simply for signing over the internet.
  • Accident Free - Good drivers with no accidents pay much less when compared with accident-prone drivers.
  • Multiple Cars - Drivers who insure multiple cars on the same auto insurance policy can get a discount on all vehicles.
  • Active Service Discounts - Having an actively deployed family member could trigger a small discount.
  • College Student Discount - Any of your kids who attend college more than 100 miles from Detroit and do not have access to a covered vehicle may qualify for this discount.
  • New Car Discount - Insuring a vehicle that is new can cost up to 25% less because newer vehicles are generally safer.
  • Professional Memberships - Being in a professional or civic organization can get you a small discount on auto insurance.

We need to note that most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don't profit that way. Any amount of discount will bring down the cost of coverage.

The information below visualizes the comparison of Honda Accord car insurance costs with and without some available policy discounts. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Michigan state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.

Popular auto insurance companies and their offered discounts are shown below.

  • GEICO may offer discounts for military active duty, daytime running lights, anti-lock brakes, multi-policy, and driver training.
  • USAA policyholders can earn discounts including driver training, annual mileage, military installation, good student, multi-policy, safe driver, and multi-vehicle.
  • Progressive may have discounts that include homeowner, multi-vehicle, multi-policy, online quote discount, and online signing.
  • American Family has savings for good student, TimeAway discount, Steer into Savings, air bags, multi-vehicle, and defensive driver.
  • Esurance offers premium reductions for claim free, paid-in-full, multi-car, good student, and emergency road assistance.
  • Farmers Insurance offers discounts including distant student, pay in full, homeowner, good student, and bundle discounts.
  • State Farm has discounts for anti-theft, passive restraint, accident-free, multiple policy, and Drive Safe & Save.

If you need affordable Honda Accord insurance quotes, ask every prospective company which credits you are entitled to. Some discounts listed above might not be offered in your state.

Car insurance is available from local insurance agents

A lot of people prefer to go talk to an agent and that is a personal choice. A good thing about comparing rate quotes online is the fact that you can find the best rates and still have an agent to talk to.

Insurance agents in DetroitAfter filling out this quick form, your coverage information is immediately sent to local insurance agents in Detroit that can provide free Detroit auto insurance quotes for your coverage. There is no need to search for any insurance agencies because quoted prices will be sent directly to you. You can find lower rates and a licensed agent to work with. If for some reason you want to quote rates from a specific car insurance provider, feel free to navigate to their website and fill out the quote form the provide.

Selecting an insurer should include more criteria than just the bottom line cost. These are some questions your agent should answer.

  • Do the agents have professional certifications like CPCU or CIC?
  • Will the quote change when the policy is issued?
  • How long has their agency been open in Detroit?
  • Is the agency covered by Errors and Omissions coverage?
  • Will the company cover a rental car if your car is getting fixed?
  • Is the agent properly licensed in Michigan?

Listed below are agents in Detroit that can give you rate quotes for Honda Accord insurance in Detroit.

Soboh Insurance
16800 W Warren Ave - Detroit, MI 48228 - (313) 581-3400 - View Map

Cosby Insurance Agy and Financial Services
10140 W McNichols Rd - Detroit, MI 48221 - (313) 864-3285 - View Map

2711 E Jefferson Ave #206 - Detroit, MI 48207 - (313) 259-6600 - View Map

3245 E Jefferson Ave - Detroit, MI 48207 - (313) 877-7400 - View Map

More Detroit agents

After receiving positive responses to any questions you have and inexpensive Honda Accord insurance in Detroit quotes, you may have just found an insurance company that is reputable and can adequately provide car insurance.

Insurance can be complex

When it comes to a policy, there is no cookie cutter policy. Each situation is unique.Safe vehicles cost less to insure

For instance, these questions might point out whether you would benefit from an agent's advice.

  • What can I do if my company won't pay a claim?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Am I covered if I hit my neighbor's mailbox?
  • Is my camper covered by my car insurance policy?
  • How high should deductibles be on a Honda Accord?
  • Am I better off with higher deductibles on my Honda Accord?

If it's difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Cheaper auto insurance premiums are possible

We just covered a lot of ways to find cheap Honda Accord insurance in Detroit. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from a smaller regional carrier.

Drivers who switch companies do it for a number of reasons such as extreme rates for teen drivers, an unsatisfactory settlement offer, high prices or not issuing a premium refund. It doesn't matter why you want to switch choosing a new company is actually quite simple.

When trying to cut insurance costs, it's not a good idea to sacrifice coverage to reduce premiums. In many cases, an accident victim reduced collision coverage only to discover later that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at the best price, but do not skimp to save money.

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