Finding cheap auto insurance for a Honda Accord in Texas relies on a lot of things such as how old the Accord is, your credit status, and physical damage deductibles. Drivers in Texas pay on average $896 each year for Accord insurance, but that price is an approximation calculated using a 50-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
More likely than not, you are not 50 and maybe not even a female, possibly married instead of single, and you may just want the cheapest liability coverage you can find. Just a very minor change in rating criteria or coverage limits may result in a big change in the policy rate.
There is no one cookie-cutter policy that works for everyone, so the only real way to find the cheapest coverage for your Honda is to compare as many rates as possible.
Vehicle trim level has an effect on the cost of insurance, so the cost to insure a Accord LX 4-Dr Sedan trim level will be $310 lower than the insurance cost for the higher-priced 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||$136||$252||$366||$22||$110||$886||$74|
|Accord EX 4-Dr Sedan||$136||$252||$366||$22||$110||$886||$74|
|Accord LX-P 4-Dr Sedan||$136||$252||$366||$22||$110||$886||$74|
|Accord EX-L 4-Dr Sedan||$156||$306||$366||$22||$110||$960||$80|
|Accord EX 2-Dr Coupe||$156||$360||$486||$28||$146||$1,176||$98|
|Accord LX-S 2-Dr Coupe||$156||$360||$486||$28||$146||$1,176||$98|
|Accord EX-L 2-Dr Coupe||$176||$360||$486||$28||$146||$1,196||$100|
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in Laredo location which can alter rates significantly.
Finding the top company can be challenging considering how many companies sell insurance in Texas. The company rank data listed below can help you choose which insurers you want to consider buying from. These rankings are for the companies with a significant amount of written premium nationwide, so smaller regional companies are not factored into these rankings.
Top 10 Large Auto Insurance Companies in Laredo Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Large Auto Insurance Companies in Laredo Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Impact of violations and accidents on rates
One of the best ways to find the cheapest car insurance prices in Laredo for an Accord is to be an attentive driver and not get tickets or have accidents. The example below illustrates how speeding tickets and at-fault collisions drive up insurance costs for different age groups. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance in Laredo per year with no violations or accidents is $1,527. Get two speeding tickets and the average cost jumps to $2,032, an increase of $505 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for a Honda Accord goes up to an average of $4,144. That’s an increase of $2,617, or $218 per month, just for not driving responsibly!
Discount Laredo insurance rates
Insurance providers that offer quotes for a Honda Accord may also offer special discounts that could potentially reduce rates by as much as 25% or more if you are eligible to receive them. The best car insurance companies and some of the premium reductions they offer can be found below.
- AAA may include discounts for multi-policy, AAA membership discount, multi-car, pay-in-full, good student, and anti-theft.
- Progressive may offer discounts for multi-vehicle, homeowner, continuous coverage, online quote discount, multi-policy, and online signing.
- State Farm offers premium reductions for defensive driving training, student away at school, multiple policy, safe vehicle, and Steer Clear safe driver discount.
- Esurance has discounts for multi-policy, DriveSense, Pac-12 alumni, paid-in-full, Switch & Save, defensive driver, and renters.
- Nationwide offers discounts including anti-theft, business or organization, easy pay, family plan, defensive driving, multi-policy, and accident-free.
The illustration below compares insurance costs with and without policy discounts. The information is based on a male driver, no claims or driving violations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with claim-free, defensive driving course, multiple policy, anti-theft, multiple vehicle, and vehicle safety discounts applied. When discounts are applied, theamount saved on car insurance for a Honda Accord is 28% or $606.
The illustration below illustrates how your deductible choice can increase or decrease insurance premiums when searching for cheap insurance for a Honda Accord. The data is based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could cut expenses by $358 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $540 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could shave as much as $1,206 each year by using higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it is important to have additional funds in a savings account to cover the extra out-of-pocket expense that comes with higher deductibles.
If you prefer to have a professional recommendation when trying to find the best insurance rates for a Honda Accord, the professional agents shown below can help you make a decision which auto insurance policy would work best for you. To locate a Laredo car insurance agency close to you, click the button below the list or click here to compare prices now.
- Allstate Insurance Agent: Luis Cardenas
1418 E Saunders St Ste 1 – Laredo, TX 78041 – (956) 726-8944
- Farmers Insurance – Pedro Sanchez
5916 San Bernardo Ave – Laredo, TX 78041 – (956) 722-8445
- Henri D Kahn Insurance
112 Del Ct – Laredo, TX 78041 – (800) 701-5909
- Farmers Insurance – Edgar Gonzalez
2702 Jaime Zapata Memorial Hwy #1 – Laredo, TX 78043 – (956) 284-0111
- Kike Trevino – State Farm Insurance
517 Shiloh Dr #4 – Laredo, TX 78045 – (956) 791-5453