How Much Does Insurance Cost for a Honda Accord in Tennessee?

The chances that you’ll find cheaper insurance for a Honda Accord in Tennessee depends upon lots of different factors such as whether you are married or single, the likelihood of vehicle theft, and your choice of deductibles. Drivers pay on average $590 every 12 months for Accord insurance, but that figure is an estimate based on cost data for a 50-year-old married male driver that has full physical damage coverage and $1,000 policy deductibles.

When projecting a rate like this, the problem is that you are not 50 and possibly not even male, possibly single instead of married, or maybe you have a speeding ticket that needs to be factored in. This shows why your best chance at finding affordable rates for your Honda is to put in the effort and compare rates.

Compare Rates and Save

Vehicle trim level will most likely have an effect on the annual cost of coverage, so the rate you pay to insure a Accord LX 4-Dr Sedan model will be $204 lower than the price to insure the more well-appointed Accord EX-L 2-Dr Coupe version, as shown by the rates below.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in Tennessee location which can influence price quotes significantly.

Deciding which company has the cheapest insurance rates for a Honda Accord requires a bit more work than just comparing a company or two. Each auto insurance company uses a slightly different approach to determine premium rates, so let’s rank the insurance companies with the overall cheapest rates in Tennessee.

It’s a good idea to know that Tennessee insurance rates are impacted by many things that may substantially change the cost of a policy. Simply turning a year older, buying a different vehicle, or having an accident can produce rate changes resulting in some companies being more affordable than others.

Best Insurance Companies for Your Accord

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Utica National quotes some of the best car insurance rates in Tennessee at around $744 per year. Cincinnati Insurance, Auto-Owners, USAA, and Tennessee Farmers would also be considered some of the more affordable Tennessee insurance companies.

As shown in the rates above, if you are insured with Auto-Owners and switched to Utica National, you could see an annual savings of in the neighborhood of $117. Insureds with USAA could save as much as $175 a year, and Tennessee Farmers insureds might reduce prices by as much as $179 a year.

If you want to see how much you could save, click here to start your custom quote or click through to the companies below.

Be aware that those premium estimates are averaged for all types of insureds and vehicles and and are not figured with a specific rate value for a Honda Accord. So the company that has the lowest price for you may not even be included in the company chart above. That is why you need to compare as many prices as possible using your own driver data and vehicle information.

Types of discounts on Tennessee car insurance

Car insurance companies that sell cheap insurance for a Honda Accord in Tennessee may additionally offer policy discounts that could reduce prices by 40% or more if you meet specific criteria. A few of the larger companies and their possible discounts include:

• The Hartford has savings for good student, vehicle fuel type, driver training, air bag, anti-theft, bundle, and defensive driver.
• American Family may include discounts for Steer into Savings, air bags, TimeAway discount, multi-vehicle, defensive driver, accident-free, and mySafetyValet.
• Progressive offers premium reductions for multi-policy, continuous coverage, good student, multi-vehicle, homeowner, online quote discount, and online signing.
• Travelers discounts include student away at school, driver training, home ownership, new car, continuous insurance, and hybrid/electric vehicle.
• Farmers Insurance has discounts for switch companies, bundle discounts, homeowner, youthful driver, distant student, early shopping, and mature driver.
• USAA may offer discounts for vehicle storage, family discount, multi-vehicle, annual mileage, new vehicle, good student, and defensive driver.
• Liberty Mutual offers discounts for multi-policy, new move discount, new vehicle discount, multi-car, and exclusive group savings.

The illustration below visualizes the comparison of auto insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, passive restraint, marriage, vehicle safety, safe-driver, and multiple policy discounts applied. When discounts are applied, the the average yearly reduction on insurance for a Honda Accord is 28% or $535.

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Which car insurance company is best?

When it comes to insurance for an Accord, the companies that insure more vehicles than anyone else are Geico, Progressive, State Farm, and Allstate. The data below illustrates some of the ratings and options that you can purchase from each one.

Who has the cheapest Honda Accord insurance quotes?

You have many ways to purchase insurance in Tennessee, but the most frequently used methods are from an independent or non-exclusive agent, a captive (or exclusive) agency like Allstate or Auto-Owners, or from a direct company like Geico or Progressive. They all follow the same basic process, but each is slightly different in how they provide price quotes.

Independent insurance agencies have contracts with many companies and can compare coverage rates with each one. Independent agents can quote with many companies and quote rates with many companies, which can help you get the best chance of finding a lower price. If prices rise, the agent simply finds a different carrier which makes it easier to save money.

Exclusive agents are only able to quote rates with a single insurance company such as an Allstate or Liberty Mutual agent. Exclusive agents generally are unable to provide rates from more than one company, so drivers will want to get other quotes as well.

Consumers who buy insurance direct do not use a local agent and buy direct either online or via phone. Buying direct may be the best choice consumers who have lower risk management needs and understand what specific coverages and deductibles they need.

Out of those three methods, which one works best for finding cheap insurance for a Honda Accord in Tennessee? The majority of insurance shoppers assume that shopping direct results in the cheapest rates because you bypass the middleman, but that is not always the case. A valid argument could also be made that buying from an independent agent is the best way due to more options, but that assumption is also not necessarily accurate. In some circumstances, exclusive agencies have extremely competitive rates that are impossible to beat.

Because there are so many factors that make up insurance rates, really the best method to ensure the lowest rates is to compare, compare, and compare some more. Take some time and get prices from all three to give yourself plenty of rates to compare. For a list of companies with some of the cheapest Tennessee insurance rates, click here to view.

How to find cheap insurance for a Honda Accord in Tennessee

The list below summarizes some of the better thrifty suggestions that can help you find low-cost auto insurance.

• Ensure your driving record is clean
• Save money by insuring older vehicles for liability only
• Avoid accidents and claims
• Higher deductibles save money
• Drivers with good credit ratings often pay less
• Lower rates by purchasing a safer vehicle
• Shop around for cheaper prices

The last suggestion is incredibly valuable, as we noted in the prior article. Car insurance prices in Tennessee adjust frequently, so don’t be unwilling to change to a new company if a better deal can be had. Brand loyalty is great, but it isn’t a good idea if your bullheadedness ends up costing you money that could be going to better use. In just a couple of minutes you could shop around and find cheaper auto insurance for a Honda Accord.