Save Money on Honda Accord Insurance in San Antonio

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Insurance for Honda AccordHaving to pay for pricey car insurance in San Antonio can bottom out your savings account and make it impossible to make ends meet. Shopping your coverage around is a smart way to lower your bills every month.

It's hard to believe, but 70% of consumers have purchased from the same company for at least four years, and just short of a majority have never compared rates to find affordable insurance. Texas drivers could save up to $1,766 every year by just comparing rate quotes, but they feel it's too difficult to compare rates and save money. Numerous insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates to get the best rate on Honda Accord insurance in San Antonio.

It's a good habit to do price comparisons yearly since prices change quite often. If you had the best deal on Honda Accord insurance in San Antonio six months ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because you're going to learn the fastest way to save on car insurance.

If you have a current insurance policy or are looking for a new policy, you can use these tips to reduce the price you pay and still have adequate protection. Buying affordable insurance in San Antonio is really not that difficult. Consumers only need to know the most time-saving way to compare company rates from multiple carriers.

The companies shown below are our best choices to provide free quotes in San Antonio, TX. If multiple providers are shown, we suggest you click on several of them to get the most affordable price.

Honda Accord insurance rates and statistics

The rate table shown below outlines a range of prices for Honda Accord models. Learning how car insurance prices are formulated can help you make smart choices when purchasing an insurance policy.

Honda Accord Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $260 $448 $334 $20 $100 $1,162 $97
Accord LX 4-Dr Sedan $260 $448 $334 $20 $100 $1,162 $97
Accord EX 4-Dr Sedan $260 $448 $334 $20 $100 $1,162 $97
Accord LX-P 4-Dr Sedan $260 $448 $334 $20 $100 $1,162 $97
Accord LX-P 4-Dr Sedan $260 $448 $334 $20 $100 $1,162 $97
Accord EX-L 4-Dr Sedan $298 $544 $334 $20 $100 $1,296 $108
Accord EX 2-Dr Coupe $298 $642 $444 $26 $132 $1,542 $129
Accord LX-S 2-Dr Coupe $298 $642 $444 $26 $132 $1,542 $129
Accord EX-L 2-Dr Coupe $336 $642 $444 $26 $132 $1,580 $132
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific San Antonio garaging location which can lower or raise coverage prices substantially.

Deductible comparison

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The data tables below highlight the rate fluctuation between high and low deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Honda Accord insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $286 $486 $324 $20 $96 $1,237 $103
Accord LX 4-Dr Sedan $286 $486 $324 $20 $96 $1,237 $103
Accord EX 4-Dr Sedan $286 $486 $324 $20 $96 $1,237 $103
Accord LX-P 4-Dr Sedan $286 $486 $324 $20 $96 $1,237 $103
Accord LX-P 4-Dr Sedan $286 $486 $324 $20 $96 $1,237 $103
Accord EX-L 4-Dr Sedan $328 $592 $324 $20 $96 $1,385 $115
Accord EX 2-Dr Coupe $328 $698 $430 $26 $128 $1,635 $136
Accord LX-S 2-Dr Coupe $328 $698 $430 $26 $128 $1,635 $136
Accord EX-L 2-Dr Coupe $370 $698 $430 $26 $128 $1,677 $140
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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 $158 $256 $324 $20 $96 $854 $71
Accord LX 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord EX 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord LX-P 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord LX-P 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord EX-L 4-Dr Sedan $182 $312 $324 $20 $96 $934 $78
Accord EX 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
Accord LX-S 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
Accord EX-L 2-Dr Coupe $206 $368 $430 $26 $128 $1,158 $97
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in specific San Antonio garaging location which can alter rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible could cost the average driver approximately $36 more each month or $432 a year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 25 months between claims, you would save money if you choose a higher deductible. The illustration below shows an example of how this decision is made.

Average monthly premium for $100 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): - $80
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

An important thing to remember is that higher deductibles results in more money out-of-pocket when you do file a claim. That will necessitate enough disposable income in the event you need to pay the deductible.

The information below illustrates how your deductible choice and can affect Honda Accord yearly insurance costs for different age groups. The premium estimates are based on a single male driver, full coverage, and no discounts are taken into consideration.

Rate comparison of full coverage and liability-only

The information below compares Honda Accord insurance prices with and without physical damage coverage. Data assumes no claims or violations, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Should you pay for full coverage or liability only?

There is no exact formula of when to drop full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Honda Accord book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $3,000 after paying your policy deductible. If premiums are more than $300 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some cases where buying only liability insurance is not recommended. If you haven't paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.

Insurance is not optional

Even though San Antonio Accord insurance rates can get expensive, insuring your vehicle may be required and benefits you in several ways.

  • Just about all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your vehicle, almost all lenders will force you to have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Honda at a much higher premium rate and force you to pay the higher price.
  • Insurance safeguards both your car and your personal assets. It will also cover medical bills for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the price paid, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer is overpaying more than $865 each year so it's recommended you shop around once a year at a minimum to make sure the price is not too high.

How You Can Control Honda Accord Insurance Rates

Many things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but others are more obscure like your vehicle usage or how safe your car is. An important part of buying insurance is that you know the different types of things that are used to determine the rates you pay for car insurance. If you have some idea of what determines base rates, this helps enable you to make changes that will entitle you to big savings.

  • Vocation and insurance premiums - Jobs like doctors, social workers, and medical professionals generally pay higher premium rates in part from job stress and lots of time spent away from family. Other occupations like actors, engineers and retirees generally pay rates lower than average.
  • Do you qualify for a multi-policy discount? - Many insurers allow better rates to clients who consolidate policies with them. It's known as a multi-policy discount. Even if you qualify for this discount already, it's always a smart idea to get quotes from other companies to help ensure you have the lowest rates.
  • Gender and car insurance premiums - Over the last 50 years, statistics have shown females are less aggressive when driving. It does not mean men are WORSE drivers than women. Males and females cause fender benders at a similar rate, but males tend to have more serious accidents. Men also tend to get higher numbers of serious violations like DUI and reckless driving.

    The diagram below illustrates the difference between Honda Accord insurance costs for male and female drivers. The costs are based on no accidents, no driving violations, comp and collision included, $100 deductibles, drivers are single, and no discounts are factored in.

  • Physical damage deductibles - Comp and collision deductibles represent how much money the insured will be required to pay if a covered claim is submitted. Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered are rear-ending another vehicle, hail damage, and having a roll-over accident. The more expense you are required to pay out-of-pocket, the lower your rates will be.
  • Drive lots and pay more - The higher the miles on your Honda each year the higher the price you pay to insure it. The majority of insurers price each vehicle's coverage based upon how much you drive. Cars that are left in the garage receive better premium rates than those that get driven frequently. A policy that improperly rates your Accord can result in significantly higher rates. Verify your policy shows the correct usage, because improper ratings can cost you money.
  • Bad drivers pay high costs - Having a single citation can increase rates twenty percent or more. Attentive drivers get better rates compared to bad drivers. Drivers who have gotten severe tickets like reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 form with their state's department of motor vehicles in order to legally drive.

    The diagram below demonstrates how traffic citations and at-fault accidents impact Honda Accord insurance costs for each age group. The prices are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

  • Honda Accord claim data - Insurers include the past claim trends for vehicles to help set a rate to offset losses. Models that are shown to have high amounts or severity of claims will have higher rates. The table below shows the loss history for Honda Accord vehicles.

    For each policy coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Percentages below 100 indicate a favorable loss history, while values over 100 indicate frequent claims or a tendency for losses to be larger than average.

    Honda Accord Insurance Loss Statistics
    Make and 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
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years

Car insurance can be complex

Keep in mind that when it comes to choosing your policy, there isn't really a one size fits all plan. Your needs are unique to you.Higher deductibles save money

For instance, these questions might help in determining whether or not you would benefit from professional advice.

  • What does UM/UIM cover?
  • Can I rent a car in Mexico?
  • Will my insurance pay for OEM parts?
  • Do I have coverage if I rent a car in Mexico?
  • Should I get collision insurance on every vehicle?
  • Are my company tools covered if they get stolen?

If you can't answer these questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Car insurance savings summarized

When you buy San Antonio car insurance online, you should never reduce coverage to reduce premium. There are many occasions where an insured dropped physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best price and still be able to protect your assets.

People switch companies for any number of reasons including being labeled a high risk driver, denial of a claim, an unsatisfactory settlement offer and policy cancellation. No matter why you want to switch, switching companies is easier than you think.

Some car insurance companies may not have rates over the internet and most of the time these smaller companies work with independent agents. Lower-priced Honda Accord insurance in San Antonio can be purchased from both online companies as well as from independent agents in San Antonio, and you need to price shop both so you have a total pricing picture.

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