Finding the best cheap coverage for a Honda Accord doesn’t take a ton of time, but it relies on many different factors such as your age, where your vehicle is garaged, and physical damage deductibles. Drivers in Kentucky pay around $904 annually for Accord insurance, but that figure is a valuation based upon a 50-year-old married female driver with both comprehensive and collision coverage and $100 deductibles.
It’s more than likely you are not 50 and maybe not even a female, single instead of married, and you may just want the cheapest liability coverage you can find. Just a very minor change in rating variables may result in significant differences in the policy cost.
Auto insurance is not the same for everyone, so the only real way to find the cheapest rates for your Honda is to do your own rate comparisons.
The trim level of your vehicle will be a contributing factor to the annual cost of coverage, so the rate you pay to insure a Accord LX 4-Dr Sedan model will be $322 less than the price to insure the more costly Accord EX-L 2-Dr Coupe version, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $188 | $346 | $260 | $16 | $78 | $888 | $74 |
| Accord EX 4-Dr Sedan | $188 | $346 | $260 | $16 | $78 | $888 | $74 |
| Accord LX-P 4-Dr Sedan | $188 | $346 | $260 | $16 | $78 | $888 | $74 |
| Accord EX-L 4-Dr Sedan | $216 | $422 | $260 | $16 | $78 | $992 | $83 |
| Accord EX 2-Dr Coupe | $216 | $496 | $346 | $20 | $104 | $1,182 | $99 |
| Accord LX-S 2-Dr Coupe | $216 | $496 | $346 | $20 | $104 | $1,182 | $99 |
| Accord EX-L 2-Dr Coupe | $244 | $496 | $346 | $20 | $104 | $1,210 | $101 |
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Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in vehicle garaging location which can alter price quotes significantly.
How to find a good Lexington car insurance company
Picking a high-quality car insurance provider is hard considering how many different companies there are to choose from in Lexington. The ranking data shown below can help you select which companies to look at comparing price quotes from.
The rankings below are for the companies with a significant amount of written premium nationwide, so smaller regional companies will not be included in the list. If you’d like to compare prices from these top insurers and more, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Tickets and at-fault accidents raise rates
The recommended way to find affordable car insurance rates for an Accord is to drive attentively and not get tickets or have accidents. The illustration below illustrates how traffic citations and accidents can drive up yearly insurance costs for different age categories. The data assumes a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
In the prior example, the average cost of auto insurance in Lexington per year with no accidents or violations is $1,486. Get two speeding tickets and the average cost jumps to $1,960, an increase of $474 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of car insurance for a Honda Accord jumps again to an average of $2,441. That’s an increase of $955, or $80 per month, just for not being more responsible behind the wheel!
Types of discounts on Lexington car insurance rates
Car insurance companies that sell policies for a Honda Accord may additionally offer discounts that may potentially lower prices by as much as 35% or more if you qualify for them. Popular car insurance companies and the discounts they provide are shown below.
- GEICO offers discounts including defensive driver, five-year accident-free, emergency military deployment, seat belt use, membership and employees, federal employee, and military active duty.
- Travelers includes discounts for good student, IntelliDrive, driver training, continuous insurance, home ownership, hybrid/electric vehicle, and payment discounts.
- Farm Bureau offers premium reductions for 55 and retired, good student, driver training, multi-vehicle, renewal discount, multi-policy, and youthful driver.
- Liberty Mutual may have discounts that include newly retired, hybrid vehicle, multi-car, multi-policy, teen driver discount, and new move discount.
- American Family may include discounts for accident-free, defensive driver, good driver, air bags, and bundled insurance.
- Progressive policyholders can earn discounts including online signing, multi-policy, homeowner, continuous coverage, multi-vehicle, online quote discount, and good student.
The information below visualizes the comparison of car insurance rates with and without discounts being applied to the rates. The rates are based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, multiple policy, defensive driving course, anti-theft, claim-free, and marriage discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for a Honda Accord is 28% or $427.
Can you find cheaper Accord insurance?
Lexington, KY car insurance rates are impacted by many things that will increase or decrease the price you have to pay. Simply having a birthday, having a teenage driver, or getting a ticket for running a stop sign can trigger rate changes resulting in some rates now being more affordable than others.
Also, insurance companies change premium rates without warning as an adjustment for underwriting gains or losses. Significantly higher claims may result in more expensive premiums, while lower claim levels can cause cheaper Accord insurance rates.
To help illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Lexington, KY for a 40-year-old male driver with no accidents, a clean driving record, and a decent credit rating. If we look at prices based on his personal profile, Cincinnati Insurance quotes the lowest car insurance rates in Lexington at $1,149 each year. This is $994 less than the average price paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are the rest of the most affordable Lexington, KY auto insurance companies.
The chart below compares rates after we give the driver from the first example a claim, bad credit, and a couple of points charged on his driving record. Since each auto insurer has a proprietary method for setting rates, comparing insurance quotes may now show a significantly different list of the cheapest car insurance companies in Lexington as shown below.
Kentucky Farm Bureau now has the cheapest car insurance in Lexington with Travelers, USAA, State Farm, and Westfield now rounding out the top five. This example shows why it is important to take the time to shop around when trying to get the cheapest auto insurance quotes for a Honda Accord.
Insurance rates consist of many different factors and can change without notice, so the best option when you last compared rates may now be an over-priced policy.
How to find the cheapest insurance for a Honda Accord
The list below details a few thrifty solutions that can help Lexington drivers quote cheap car insurance.
- Safe vehicles cost less to insure
- Staying accident-free helps keep rates low
- If your vehicles are older, consider dropping full coverage
- Buy your homeowners policy from the same company as your auto insurance
- Higher credit scores may earn you cheaper rates
- Comparison shop frequently
The final tip is very critical, as was discussed in this article. Auto insurance rates change frequently, so drivers shouldn’t be resistant to buy a different policy if you find a cheaper price. We understand brand loyalty, but it’s not a great idea if that loyalty results in overpaying thousands of dollars over several years. If you have a few minutes, now is a great time to shop around to find cheaper car insurance for a Honda Accord in Lexington.
If you would rather have a consultation when buying car insurance for a Honda Accord, the agents listed below can help you decide which is the best policy. To locate a Lexington insurance agent by location nearest to you, click the button following the list.
GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655
Elite Insurance
2408 Sir Barton Way # 375 – Lexington, KY 40509 – (859) 264-9400
Bob Pugh – State Farm Insurance Agent
828 Lane Allen Rd #251 – Lexington, KY 40504 – (859) 276-4421