Finding cheaper car insurance for a Honda Accord in Louisiana can be really easy, but it depends on a lot of different factors such as how old the vehicle is, your residence address, and citations or violations on your driving record. Drivers in Louisiana will pay around $925 annually to insure their Accord, but that is using a 50-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
There’s a high likelihood you are not 50 years old and maybe not even female, possibly single instead of married, and you might want liability-only or different deductibles. Just a minor difference in rating factors or requested coverage amount could result in a significant change in the price of coverage.
Auto insurance is unique to each driver, so the best way to find the most affordable coverage for your Honda is to compare as many rates as you can.
The trim level of your vehicle impacts the annual cost of coverage, so the price you will pay to insure a Accord LX 4-Dr Sedan model will be $322 less than the insurance cost for the more costly Accord EX-L 2-Dr Coupe trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $148 | $260 | $372 | $22 | $112 | $914 | $76 |
| Accord EX 4-Dr Sedan | $148 | $260 | $372 | $22 | $112 | $914 | $76 |
| Accord LX-P 4-Dr Sedan | $148 | $260 | $372 | $22 | $112 | $914 | $76 |
| Accord EX-L 4-Dr Sedan | $170 | $316 | $372 | $22 | $112 | $992 | $83 |
| Accord EX 2-Dr Coupe | $170 | $372 | $494 | $30 | $148 | $1,214 | $101 |
| Accord LX-S 2-Dr Coupe | $170 | $372 | $494 | $30 | $148 | $1,214 | $101 |
| Accord EX-L 2-Dr Coupe | $192 | $372 | $494 | $30 | $148 | $1,236 | $103 |
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in vehicle garaging location which can revise rates substantially.
New Orleans insurance company ratings
Picking the best car insurance provider can be challenging considering how many companies there are to choose from in New Orleans. The company ratings displayed below may help you select which car insurance companies you want to consider when trying to find the cheapest insurance for a Honda Accord. The rankings below include insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| 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 |
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Data Source: Insure.com Best Car Insurance Companies
The example below shows how different deductible levels can influence insurance costs when searching for cheap insurance for a Honda Accord. The prices are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
As shown above, a 40-year-old driver could lower their car insurance rates by $316 a year by increasing from a $100 deductible to a $500 deductible, or save $478 by using a $1,000 deductible. Even younger insureds, such as the Age 20 example, have the ability to save up to $788 or more by choosing a higher deductible.
When choosing a higher deductible, it is necessary to have spare funds to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Cost difference between full coverage and liability
Paying a lower price for insurance should be important to most vehicle owners, and one common way to reduce the cost of insurance for a Honda Accord is to only buy liability coverage. The illustration below visualizes the comparison of yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no violations or claims, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
If averaged for all ages, physical damage coverage costs an additional $1,944 per year more than buying just liability insurance. That touches on the question if buying full coverage is a waste of money. There is no definitive guideline to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
There are some conditions where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Compare rates to save
New Orleans, LA insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply having another birthday, moving to a new city, or getting into an accident can produce rate changes that can make some companies more affordable than before. Not only may your risk profile change, but auto insurance companies modify pricing at least once a year to adjust for gains or losses. An extended period of higher than normal claims may cause price increases, while less frequent claims may produce more affordable Accord insurance rates.
To illustrate this example, the bar chart below shows rates for the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with no prior claims, no tickets, and excellent credit. If we compare prices based on his current risk profile, USAA might offer the best car insurance rates in New Orleans at $2,839 each year. This is $425 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau are the remainder of the best New Orleans, LA auto insurance companies.
In this next rate comparison, we will give the driver from the first example a chargeable claim, poor credit, and a speeding ticket. Because each company uses a different method to set premium rates, comparing quotes most likely will result in a slightly different list of affordable companies as shown below.
California Casualty now has the lowest car insurance rate in New Orleans with USAA, State Farm, Safe Auto, and MetLife also being competitive. This example illustrates why it is crucial to do a thorough rate comparison to get the cheapest car insurance rates for a Honda Accord. Car insurance prices consist of many risk factors and can change without notice, so the cheapest company a year ago may now be quite expensive.
How to find more affordable car insurance for a Honda Accord
The list below shows a few money-saving solutions that can help you quote cheaper coverage.
- Remain accident-free and save
- Vehicles with good safety ratings are usually cheaper to insure
- Improve your credit score
- Raise comprehensive and collision coverage deductibles
- Save money by observing traffic laws and speed limits
- Compare price quotes at least once a year
That final tip is extraordinarily necessary, as we noted in the article above. Prices charged by car insurance companies can be changed at any time, so drivers shouldn’t hesitate to change to a new company if a better rate can be found.
Sticking with a specific company is fine, but it’s not a good idea if it’s costing you money that could be going to better use. It only take a few minutes to compare prices and find cheaper insurance for a Honda Accord in New Orleans.
If you like to get some help when trying to find the best insurance rates for a Honda Accord, the insurance agencies listed below can aid you in deciding which coverages and limits you need. To find an auto insurance agency near you, click the link at the bottom or click here to compare rates now.
Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219
Pat Leboeuf Insurance
601 Seguin St – New Orleans, LA 70114 – (504) 361-4600
Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901
Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300
State Farm – Mia DeLouise
5638 Jefferson Hwy – New Orleans, LA 70123 – (504) 739-7979