Who Has the Cheapest Auto Insurance Rates for a Honda Accord in Durham?

Finding cheap car insurance for a Honda Accord in North Carolina can be pretty simple, but it is dependent upon a pretty complex algorithm that uses a lot of factors such as how long your commute is, whether or not you have prior claims, and driving citations. North Carolina drivers pay on average $566 per year for Accord insurance, but that price is an approximation calculated using a 30-year-old married male driver with full comprehensive and collision coverage and $1,000 deductibles.

The problem with using this number is the good chance you are not 30 years old and maybe not even male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a very minor change in rating variables or coverage information can result in a large change in the cost of insuring your Accord.

Car insurance coverage is unique to each driver, so this is why the way we recommend to find the cheapest insurance price for your Honda is to compare as many rates as possible.

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Your Honda’s trim level has an effect on the coverage cost, so the cost to insure a Accord LX 4-Dr Sedan model will cost $196 less than the price to insure the high end Accord EX-L 2-Dr Coupe trim level, as shown by the rates below.

Honda Accord Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord EX 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord LX-P 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord EX-L 4-Dr Sedan $118 $204 $212 $12 $64 $610 $51
Accord EX 2-Dr Coupe $118 $240 $282 $16 $84 $740 $62
Accord LX-S 2-Dr Coupe $118 $240 $282 $16 $84 $740 $62
Accord EX-L 2-Dr Coupe $134 $240 $282 $16 $84 $756 $63
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Prices do not factor in specific location which can lower or raise premiums substantially.

Choosing a high-quality company can be rather challenging considering how many choices you have in Durham. The ranking information in the next section may help you pick which auto insurers to look at when comparing insurance rates for a Honda Accord. These ratings are for the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not included in this list.

Top 15 Insurance Companies for a Honda Accord in Durham, NC
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
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
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Data Source: Insure.com Best Car Insurance Companies

Get discount Durham auto insurance

Discounts on insurance for a Honda AccordInsurance companies that provide policies for a Honda Accord may provide premium discounts that could lower prices by 30% or more if you meet eligibility requirements. The best insurance companies and a partial list of their discounts include:

The chart below illustrates the difference between insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no accidents, no driving violations, North Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple policy, anti-theft, vehicle safety, claim-free, marriage, and multiple vehicle discounts applied. When drivers qualify for the discounts, theaverage amount saved on insurance for a Honda Accord is 28% or $392.

The example below illustrates how your deductible choice can change insurance prices when searching for cheap insurance for a Honda Accord. The rates are based on a single male driver, full physical damage coverage, and no discounts are applied.

The chart above illustrates that a 50-year-old driver could cut expenses by $206 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $310 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices as much as $670 or even more by selecting a higher deductible.

When choosing a higher deductible, it will be necessary to have emergency funds available to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Don’t make the mistake of not shopping around

Durham insurance rates are determined by lots of factors that control the price you have to pay for coverage. Simply turning a year older, having a teen driver, or getting caught speeding can cause premium changes resulting in some companies being cheaper than competitors. Not only may things change on your end, but insurance companies change the rates they charge in North Carolina every year to adjust for heavy claims or excess profits. Significantly higher claims can result in more expensive prices, while profitable underwriting may result in cheaper Accord insurance rates.

The data below shows the cheapest car insurance in Durham, NC for a 30-year-old female driver with no prior claims, no tickets, and a good credit history. When comparing rates based on her current risk profile, Progressive may offer the cheapest car insurance rates in Durham at $751 each year. This is $121 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO are the remaining cheapest Durham, NC auto insurance companies.

In the next rate comparison, we’ll give the driver from the first rate comparison a chargeable claim, poor credit, and a traffic citation. Because every insurance company has a different formula for setting rates, comparing prices could now result in a different set of affordable companies as shown below.

Penn National now has the lowest price on auto insurance in Durham with State Farm, Auto-Owners, National General, and Travelers now rounding out the top five. This example demonstrates why it is so important to perform a complete rate comparison when trying to get the best car insurance quotes for a Honda Accord. Insurance rates can be altered by many things and can increase or decrease at any time, so the cheapest option the last time you checked may now be one of the more expensive options.

How to find the cheapest insurance for a Honda Accord

Lowering your rates is not difficult, and here are some penny-pinching solutions that can help North Carolina drivers quote more affordable auto insurance.

That last piece of advice is remarkably vital, as we emphasized in the prior information. Insurance rates vary considerably, so don’t be tentative to change to a new company if a lower-cost policy is available.

Brand loyalty is great, 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, compare prices to find cheaper car insurance for a Honda Accord in Durham.