Who Has the Cheapest Honolulu Auto Insurance for a Honda Accord?

Buying the best cheap auto insurance for a Honda Accord relies on an enormous amount of factors such as the age of the Accord, where your vehicle is garaged, and citations on your driving record. Drivers pay approximately $865 each year for Accord insurance, but that is a projection based on a 30-year-old single female driver with full physical damage coverage and $500 deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 30 years old and maybe not even female, you might be married instead of single, or maybe you prefer higher deductibles. Auto insurance requires individual risk assessment, so the best way to find cheap insurance rates for your Honda is to do the rate comparisons yourself. It only takes a couple of minutes and you can get rates from top-rated car insurance companies that sell coverage in Hawaii.

Insure Your Honda for Less

The specific trim level will likely have an effect on the annual cost of coverage, so the rate you will pay to insure a Accord LX 4-Dr Sedan trim level will be $306 less expensive the insurance cost for the fancier Accord EX-L 2-Dr Coupe version, as shown by the rates below.

Honda Accord Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $160 $280 $304 $18 $90 $852 $71
Accord EX 4-Dr Sedan $160 $280 $304 $18 $90 $852 $71
Accord LX-P 4-Dr Sedan $160 $280 $304 $18 $90 $852 $71
Accord EX-L 4-Dr Sedan $184 $342 $304 $18 $90 $938 $78
Accord EX 2-Dr Coupe $184 $402 $404 $24 $120 $1,134 $95
Accord LX-S 2-Dr Coupe $184 $402 $404 $24 $120 $1,134 $95
Accord EX-L 2-Dr Coupe $208 $402 $404 $24 $120 $1,158 $97
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Table data does not factor in garaging location in Honolulu which can raise or lower rates significantly.

Determining which companies quote the cheapest car insurance rates for a Honda Accord may require a little more work in order to find the lowest price. Each auto insurer uses their own calculation to determine premium rates, so we will examine the car insurance companies with the most affordable rates in Hawaii.

It’s important to know that Honolulu car insurance rates are determined by lots of factors that may substantially change the cost of having a policy. Simply getting older, increasing liability limits, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be cheaper than others.

Cheap Insurance Rates for Your Accord

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Hawaii auto insurance company rankings
Rank Company Cost Per Year
1 USAA $926
2 State Farm $1,076
3 GEICO $1,389
4 Liberty Mutual $1,406
5 Progressive $1,576
6 First of Hawaii $1,928
7 Allstate $1,984
8 AIG $2,469
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USAA may offer some of the best car insurance rates in Honolulu at around $926 a year. State Farm, GEICO, Liberty Mutual, and Progressive also are some of the cheapest Honolulu, HI insurance companies.

As shown in the rates above, if you are a policyholder with State Farm and switched to USAA, you might see yearly savings of upwards of $150. Drivers with GEICO might save as much as $463 a year, and Liberty Mutual insureds might reduce rates by $480 a year.

To get a fast rate comparison, click here to get quotes or quote rates from the companies below.

Remember that these estimates are averaged across all ages of drivers and types of vehicles and and are not figured with an exact location for a Honda Accord. So the car insurance company that is most affordable for your situation may not even be in the list above. That helps illustrate why you need to quote rates from many companies using your own driver and vehicle profiles.

Does it make sense to buy full coverage?

Saving money on car insurance should be important to most people, and one great way to reduce the cost of insurance for a Honda Accord is to buy only liability coverage. The diagram below shows the comparison of car insurance rates when comparing full coverage to liability only. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

Averaged for all ages 20 through 70, physical damage coverage costs $1,488 per year more than just insuring for liability. Many drivers may wonder when is it safe to stop buying full coverage. There is no specific rule for dropping comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after paying your deductible. If you are paying in excess of $700 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some situations where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.

What aren’t you shopping around?

Hawaii car insurance rates are calculated based on many things that control the policy price. Getting older, increasing liability limits, or getting a ticket for careless driving may generate price changes that can make some companies much cheaper than others. In addition, insurance companies amend premium rates as often as every three months to reflect underwriting profits or losses. A period of higher than normal claims may result in increased policy costs, while less frequent claims can produce more affordable Accord insurance rates.

For instance, the chart below shows a variety of companies that have the cheapest car insurance in Honolulu, HI for a 30-year-old female driver with a clear driving record, no claims, and good financial standing. When comparing rates based on her current rating profile, USAA might offer the lowest car insurance rates in Honolulu at $1,013 per year. This is $583 less than the average premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also make the list of the cheapest Honolulu, HI auto insurance companies.

The chart below compares rates after we give the driver in the first chart a chargeable claim, a lower credit rating, and a couple of points charged on her driving record. Due to the fact that every auto insurer uses their own formula for setting rates, comparing insurance quotes most likely will result in a slightly different list of affordable companies as shown below.

State Farm now has the best car insurance rate in Honolulu with USAA, GEICO, First of Hawaii, and Liberty Mutual now being in the top five. This example shows why drivers need to do a thorough rate comparison to find the cheapest insurance rates for a Honda Accord.

Rates consist of many risk factors and change dramatically, so the most economical company three years ago may now be quite expensive.