Buying cheap coverage for a Honda Accord in Nevada doesn’t take a ton of time, but it depends on a lot of factors such as annual vehicle mileage, if you have recent claims, and your choice of deductibles. Drivers in Nevada pay on average $1,134 each year for Accord insurance, but that figure is a valuation based upon a 30-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
There is a good probability you may not be 30 years old (or even female), maybe you are married instead of single, and maybe your Accord just needs liability-only coverage. Having what appears to be a very minor change in rating variables or coverage information may result in significant differences in policy price.
Auto insurance is unique to each driver, so the only real way to find the most affordable coverage for your Honda is to do your own rate comparisons.
Your Honda’s trim level will be a contributing factor to price, so the price you will pay to insure a Accord LX 4-Dr Sedan will be $402 less than the price to insure the higher-end Accord EX-L 2-Dr Coupe model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$230||$406||$354||$20||$106||$1,116||$93|
|Accord EX 4-Dr Sedan||$230||$406||$354||$20||$106||$1,116||$93|
|Accord LX-P 4-Dr Sedan||$230||$406||$354||$20||$106||$1,116||$93|
|Accord EX-L 4-Dr Sedan||$264||$494||$354||$20||$106||$1,238||$103|
|Accord EX 2-Dr Coupe||$264||$582||$470||$28||$140||$1,484||$124|
|Accord LX-S 2-Dr Coupe||$264||$582||$470||$28||$140||$1,484||$124|
|Accord EX-L 2-Dr Coupe||$298||$582||$470||$28||$140||$1,518||$127|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rate information does not factor in specific zip code location which can affect insurance rates substantially.
Figuring out which insurers offer the cheapest insurance rates for a Honda Accord requires a little more effort than just getting one or two price quotes.
Every insurance provider has a unique formula for determining rates, so let’s examine the insurance companies with the overall cheapest rates in Las Vegas. It’s a good idea to be aware that Las Vegas, NV insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. Simply turning a year older, moving across town, or getting a speeding ticket may prompt premium changes that can make some companies more affordable than before.
Best Car Insurance Prices for Your Accord
|Rank||Company||Cost Per Year|
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Travelers generally has some of the lowest car insurance rates in Las Vegas at around $912 per year. Allied, Capital, American Family, and Oregon Mutual also make the cut as some of the lowest-priced Las Vegas, NV car insurance companies.
As shown in the table above, if you buy coverage from American Family and switched to Allied, you could realize yearly savings of in the vicinity of $243. Policyholders with Oregon Mutual might save as much as $243 a year, and Progressive customers might lower prices by $299 a year.
Remember that these premiums are averages for all ages of drivers and types of vehicles and do not factor in an exact vehicle garaging location for a Honda Accord. So the car insurance company that fits your needs best may not even be in the top 20 companies shown above. That point stresses why you need to compare as many prices as possible using your own individual information.
Insurance rates are higher with tickets and accidents
A great way to maintain the best insurance premiums in Nevada for an Accord is to drive cautiously and not get tickets or have accidents. The information below demonstrates how speeding tickets and at-fault fender-benders can affect car insurance rates for different age groups. The rates are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
The data above shows the average cost of a car insurance policy in Nevada per year with no accidents or violations is $1,387. Get two speeding tickets and the average cost hikes up to $1,852, an increase of $466 each year. Then add two accidents along with the two speeding tickets and the annual cost of insurance for a Honda Accord increases to an average of $3,669. That’s an increase of $2,283, or $190 per month, just for not being a responsible driver!
The information below shows how different deductible levels can influence yearly insurance costs when researching cheap insurance for a Honda Accord. The data is based on a married female driver, full physical damage coverage, and no additional discounts are factored in.
A 30-year-old driver could save $332 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $500 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, can save $704 annually by choosing a larger deductible amount.
When increasing deductibles, it will now be necessary to have enough in a savings account to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
The Las Vegas auto insurance agencies shown below are willing to help you determine which coverages and limits you need, as some drivers have questions and prefer to get help from a professional when shopping around for cheaper insurance for a Honda Accord. It can be complicated to find coverage yourself, so insurance agents can provide peace of mind knowing you have decent coverage if you have a claim.
To find an auto insurance agency near you, click the button following the list.
LaDonna Koeller – State Farm Insurance Agent
4275 N Rancho Dr #155 – Las Vegas, NV 89130 – (702) 636-9447
Allstate Insurance: Yukin Kwan
4001 S Decatur Blvd Ste 4 – Las Vegas, NV 89103 – (702) 530-8822
Estrella Auto Insurance
2349 E Bonanza Rd – Las Vegas, NV 89101 – (702) 671-4081
How to find budget-friendly car insurance for a Honda Accord
Here are some penny-pinching ideas that can help you find lower-cost car insurance.
- Full coverage may not be needed on older vehicles
- Pay for smaller claims out-of-pocket
- At-fault accidents will increase rates
- Vehicles with safetly features generally cost less to insure
- Buy your auto and home insurance from the same company and save
- Be a safe driver
- Shop your coverage around for the best deal
That last idea is extremely crucial, as was stressed in the prior article. Prices in Las Vegas adjust frequently, so drivers shouldn’t be reluctant to buy a policy from a new company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that loyalty results in overpaying potentially thousands of dollars a year. Take a couple minutes and shop around to find cheaper car insurance for a Honda Accord.