Buying affordable car insurance for a Honda Accord in Nevada relies on a lot of things such as annual vehicle mileage, your claims history, and your policy deductibles. Drivers pay on average $914 annually for Accord insurance, but that figure is an approximation using a 40-year-old single male driver with full physical damage coverage and $500 deductibles.
The issue that arises when projecting rates is that it's very likely that you aren't exactly 40 years old or even a male, possibly married instead of single, or you just prefer to insure for liability only. Different coverage needs are the reason why the only way to find cheap car insurance rates for your Honda is to compare as many rates as possible.
The trim level of your Accord will likely have an effect on the coverage cost, so the rate you will pay to insure a Accord LX 4-Dr Sedan model will be $324 less than the cost to insure the more well-appointed Accord EX-L 2-Dr Coupe trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$166||$306||$316||$18||$94||$900||$75|
|Accord EX 4-Dr Sedan||$166||$306||$316||$18||$94||$900||$75|
|Accord LX-P 4-Dr Sedan||$166||$306||$316||$18||$94||$900||$75|
|Accord EX-L 4-Dr Sedan||$190||$372||$316||$18||$94||$990||$83|
|Accord EX 2-Dr Coupe||$190||$438||$422||$24||$126||$1,200||$100|
|Accord LX-S 2-Dr Coupe||$190||$438||$422||$24||$126||$1,200||$100|
|Accord EX-L 2-Dr Coupe||$214||$438||$422||$24||$126||$1,224||$102|
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific location which can impact price quotes noticeably.
Finding low-cost auto insurance is confusing at best, and finding out which companies have the best auto insurance rates for a Honda Accord in Nevada takes a bit more work.
Every insurance company has a unique approach for determining prices, so we'll go over the lowest cost auto insurance companies in Nevada. It's a good idea to know that Nevada auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Price variation is why it is so important to shop around with many companies to find the best car insurance rates for a Honda Accord. Auto insurance prices are calculated by many factors and change substantially, so the lowest-price company a year ago may now cost much more than other companies.
Find the Cheapest Auto Insurance for Your Accord
Allied generally has some of the best car insurance rates in Nevada at around $921 each year. This is $653 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive also are some of the best Nevada insurance companies.
As shown in the table above, if you currently have coverage with Oregon Mutual and switched to Travelers, you could realize an annual savings of about $217. Drivers with Progressive might save as much as $272 a year, and American Family customers might lower prices by $300 a year.
If you would like to find cheaper car insurance rates, click here to start a quote or visit any of the low-priced companies below.
Remember that these premiums are averaged across all insureds and vehicles and and are not figured with a specific rate factor for a Honda Accord. So the insurer that has the cheapest price for you may not even be in the top 20 companies shown above. That point stresses why you need to quote rates from many companies using your own driver and vehicle profiles.
How violations and accidents impact rates
The ideal way to score the most affordable auto insurance prices for an Accord is to be a safe driver and avoid accidents and traffic citations. The chart below illustrates how traffic citations and at-fault claims can drive up insurance costs for each different age category. The information is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Nevada per year with a clean driving record and no accidents is $2,055. Add in two speeding tickets and the average cost hikes up to $2,758, an increase of $703 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for a Honda Accord in Nevada jumps again to an average of $3,478. That's an increase of $1,423, or $119 per month, just for being a careless driver!
Full coverage rates compared to liability only
Saving money on auto insurance should be important to most vehicle owners, and an effective way to buy cheap insurance for a Honda Accord in Nevada is to only buy liability insurance. The chart below illustrates the comparison of premium costs with and without full coverage. Data assumes no violations or accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.
As an average, comp and collision coverage costs an additional $1,621 per year more than just buying liability insurance. That is a significant amount which raises the question if you should buy full coverage. There is no written rule that is best for determining when to drop full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let's assume your vehicle's replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying your policy deductible. If it's costing you more than $800 annually to have full coverage, then it may be the right time to buy liability only.
How to get discounts on Nevada car insurance rates
Insurance companies that offer coverage for a Honda Accord may also offer rate discounts that may potentially lower prices by as much as 40% or more if you meet eligibility requirements. The best auto insurance companies and some of the premium reductions they offer can be read below.
- State Farm offers premium reductions for passive restraint, multiple autos, student away at school, defensive driving training, safe vehicle, and multiple policy.
- Liberty Mutual has savings for hybrid vehicle, newly retired, multi-car, new vehicle discount, new move discount, preferred payment discount, and safety features.
- American Family offers discounts for accident-free, early bird, air bags, bundled insurance, mySafetyValet, good driver, and good student.
- Progressive has discounts for continuous coverage, multi-vehicle, online quote discount, online signing, homeowner, good student, and multi-policy.
- Farmers Insurance may include discounts for teen driver, business and professional, pay in full, good student, distant student, and alternative fuel.
- Auto-Owners Insurance policyholders can earn discounts including anti-theft, multi-policy, group or association, multiple vehicles, good student, and paid in full.
- SAFECO discounts include multi-car, anti-theft, bundle discounts, teen safety rewards, drive less, and accident prevention training.
The illustration below illustrates the difference between insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, a clean driving record, no claims, Nevada state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with accident-free, homeowner, defensive driving course, marriage, multiple vehicle, and vehicle safety discounts applied. When discounts are factored in, the the average yearly reduction on auto insurance for a Honda Accord is 28% or $515.