Best Insurance for a Honda Accord in Philadelphia

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Insurance rates Honda Accord in PhiladelphiaAre you looking for more affordable Honda Accord insurance in Philadelphia? Are you intimidated by the crazy number of car insurance providers in Philadelphia? Drivers have such a vast assortment of providers available that it is a difficult situation to lower your premium rates for Honda Accord insurance in Philadelphia. Philadelphia has lots to offer, but the high cost of car insurance can make it difficult for lots of drivers to keep a tight budget.

Sadly, a large majority of drivers have bought car insurance from the same company for more than four years, and nearly the majority have never even compared rates from other companies. Many drivers in Pennsylvania can save hundreds of dollars each year by just comparing rate quotes, but most tend to underestimate the benefits if they moved their coverage to a different company.

Locating cheaper protection in Philadelphia is not as hard as you may think. In a nutshell, every vehicle owner who needs lower cost auto insurance stands a good chance to be able to cut their insurance bill. But Pennsylvania consumers must learn how insurance companies calculate their prices and use it to find better rates.

To find low cost Philadelphia car insurance quotes, there are several ways to get quotes from lots of Pennsylvania auto insurance companies. The easiest way to compare Honda Accord insurance prices is to get quotes online. When comparison shopping, getting more free quotes increases the chance that you will find more affordable insurance. Some insurance companies are not set up to provide rate quotes online, so you also need to get prices on coverage from those companies, too.

The auto insurance companies shown below are ready to provide quotes in Philadelphia, PA. If multiple companies are shown, we suggest you click on several of them to find the most competitive auto insurance rates.

Honda Accord coverage statistics

The price information below outlines estimates of insurance policy prices for Honda Accord models. Being able to understand how premiums are calculated can benefit drivers when making decisions on which coverage to buy.

Honda Accord Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $174 $278 $286 $16 $86 $840 $70
Accord LX 4-Dr Sedan $174 $278 $286 $16 $86 $840 $70
Accord EX 4-Dr Sedan $174 $278 $286 $16 $86 $840 $70
Accord LX-P 4-Dr Sedan $174 $278 $286 $16 $86 $840 $70
Accord LX-P 4-Dr Sedan $174 $278 $286 $16 $86 $840 $70
Accord EX-L 4-Dr Sedan $200 $338 $286 $16 $86 $926 $77
Accord EX 2-Dr Coupe $200 $400 $380 $22 $114 $1,116 $93
Accord LX-S 2-Dr Coupe $200 $400 $380 $22 $114 $1,116 $93
Accord EX-L 2-Dr Coupe $226 $400 $380 $22 $114 $1,142 $95
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Prices do not factor in garaging location in Philadelphia which can alter prices noticeably.

Physical damage deductibles: Should you raise them?

A question often asked by Philadelphia drivers is at what level do you set your deductibles. The following tables highlight the cost difference when you buy lower versus higher policy deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Honda Accord insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord EX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX-P 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX-P 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord EX-L 4-Dr Sedan $254 $428 $280 $16 $84 $1,087 $91
Accord EX 2-Dr Coupe $254 $506 $372 $22 $112 $1,291 $108
Accord LX-S 2-Dr Coupe $254 $506 $372 $22 $112 $1,291 $108
Accord EX-L 2-Dr Coupe $288 $506 $372 $22 $112 $1,325 $110
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Honda Accord insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $136 $222 $280 $16 $84 $738 $62
Accord LX 4-Dr Sedan $136 $222 $280 $16 $84 $738 $62
Accord EX 4-Dr Sedan $136 $222 $280 $16 $84 $738 $62
Accord LX-P 4-Dr Sedan $136 $222 $280 $16 $84 $738 $62
Accord LX-P 4-Dr Sedan $136 $222 $280 $16 $84 $738 $62
Accord EX-L 4-Dr Sedan $158 $270 $280 $16 $84 $808 $67
Accord EX 2-Dr Coupe $158 $318 $372 $22 $112 $982 $82
Accord LX-S 2-Dr Coupe $158 $318 $372 $22 $112 $982 $82
Accord EX-L 2-Dr Coupe $178 $318 $372 $22 $112 $1,002 $84
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in specific location information which can change premium rates significantly.

Based on this data, using a $250 deductible will cost in the ballpark of $23 more each month or $276 each year averaged for all Accord models than opting for the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 33 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

The illustration below shows how choosing a deductible and can affect Honda Accord yearly insurance costs for different ages of insureds. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are applied.

Honda Accord liability-only versus full coverage

The example below visualizes the comparison of Honda Accord car insurance costs with and without physical damage coverage. The premiums assume a clean driving record, no claims, $250 deductibles, marital status is single, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no set guideline to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let's say your Honda Accord book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying your deductible. If premiums are more than $800 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Get cheaper Honda Accord insurance rates in Philadelphia

Insurance is easily one of your largest bills, but you may qualify for discounts to reduce the price significantly. Some of these discounts will be visible when you purchase, but a few must be manually applied before you get the savings. If you aren't receiving every discount you qualify for, you're paying more than you need to.Save money with discounts

  • Club Memberships - Being in certain professional organizations can get you a small discount on your next insurance statement.
  • Senior Citizens - If you're over the age of 55, you may qualify for a small decrease in premiums.
  • New Car Discount - Insuring a vehicle that is new may earn a small discount since newer vehicles are generally safer.
  • Employee of Federal Government - Having worked for a branch of the government could cut as much as 10% off with a few insurance companies.
  • Driving Data Discount - Policyholders that allow their insurance company to analyze driving patterns by using a small device installed in their vehicle such as Progressive's Snapshot and State Farm's In-Drive might see lower rates as long as the data is positive.
  • Accident Forgiveness - This one is not really a discount per se, but a few companies such as GEICO and Liberty Mutual allow you one accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
  • Good Students Pay Less - Excelling in school may save you up to 25%. You can use this discount normally up until you turn 25.
  • Drive Less and Save - Keeping the miles down on your Honda can earn better insurance rates on cars that stay parked.
  • Multi-line Discount - Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase a life policy as well.
  • Military Rewards - Being on active duty in the military could mean lower premium rates.

Keep in mind that most discount credits are not given to all coverage premiums. Most cut individual premiums such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn't make money that way.

The information below compares Honda Accord premium costs with and without some available policy discounts. The information is based on a male driver, no violations or claims, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, claim-free, homeowner, and multi-policy discounts applied.

Some of the insurance companies who might offer most of these discounts are:

When getting free Philadelphia car insurance quotes, it's a good idea to all the companies which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders in every state. To see insurers who offer free Honda Accord insurance quotes in Philadelphia, click this link.

Why you need to buy insurance

Despite the fact that insurance is not cheap in Philadelphia, buying insurance serves an important purpose.

  • Most states have minimum liability requirements which means you are required to carry specific minimum amounts of liability in order to be legal. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you bought your Honda Accord with a loan, it's guaranteed your bank will have a requirement that you have physical damage coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Honda at a much higher rate and force you to pay the higher premium.
  • Insurance safeguards both your vehicle and your assets. It will also provide coverage for most medical and hospital costs incurred in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your car more than cancel out the cost, especially when you need to use it. The average driver in America is overpaying over $865 each year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.

Which is the best car insurance?

When selecting the best car insurance coverage, there really is not a "perfect" insurance plan. Coverage needs to be tailored to your specific needs.Car insurance savings

Here are some questions about coverages that could help you determine whether your personal situation would benefit from professional advice.

  • Can my babysitter drive my car?
  • Is pet coverage available?
  • Is my son or daughter covered when driving my car?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does my personal policy cover me when driving out-of-state?
  • What are good deductibles for a Honda Accord?

If you can't answer these questions, you may need to chat with an agent. If you don't have a local agent, take a second and complete this form.

Car insurance agents are professional risk managers

A small number of people just prefer to talk to a local agent and that is OK! A good thing about getting free rate quotes online is that you can find cheap insurance rates but still work with a licensed agent. Buying from neighborhood agents is still important in Philadelphia.

Insurance agency in PhiladelphiaAfter completing this short form, your insurance coverage information gets sent to local insurance agents that provide free Philadelphia car insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to find an agent as quotes are delivered to you instantly. You can find better rates AND an agent nearby. If you wish to get a comparison quote from a particular provider, just find their quoting web page and give them your coverage information.

Picking the best insurer is decision based upon more than just the price. Any agent in Philadelphia should be willing to answer these questions.

  • Does the company use OEM repair parts?
  • Do they get extra compensation for selling add-on coverages?
  • How experienced are they in personal risk management?
  • Will the agent help in case of a claim?
  • How often do they review policy coverages?
  • Do they write coverage based solely on cost?