Best Insurance for a Honda Accord in Miami

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It's amazing but the vast majority of drivers kept their coverage with the same car insurance company for four years or more, and approximately 40% of consumers have never compared rates to find lower-cost insurance. American consumers could save themselves almost $850 a year, but they feel it's too difficult to compare rate quotes.

Insurance for Honda AccordIf saving money is your primary concern, then the best way to get discount Honda Accord insurance in Miami is to start doing an annual price comparison from providers in Florida.

  • Step 1: Learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many rating criteria that increase rates like accidents, traffic violations, and a not-so-good credit score can be remedied by making minor changes in your lifestyle.
  • Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO or State Farm, while independent agencies can provide rate quotes for many different companies.
  • Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate, make sure there is no coverage gap between policies.
  • Step 4: Tell your current agent or company of your intention to cancel your current auto insurance policy and submit a signed application and payment to your new agent or company. Make sure you keep your new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One thing to remember is to use the same liability limits and deductibles on each quote and to quote with every insurance company. This enables the most accurate price comparison and plenty of rates choose from.

If you're already insured, you stand a good chance to be able to cut your premiums using the tips covered below. Buying the cheapest car insurance in Miami is really quite easy. Although Florida consumers need to learn the way companies market on the web because rates fluctuate considerably.

Compare Honda Accord insurance rates

When looking for the cheapest Honda Accord rate quotes, there are a couple ways to compare prices from companies that offer auto insurance in Florida. The quickest method to find competitive Honda Accord insurance rates is to perform an online rate comparison.

It's so simple to compare auto insurance price quotes online replaces the need to call or drive to and from local Miami insurance agencies. Quoting and buying Honda Accord insurance online eliminates the need for an insurance agent unless you have a complicated situation and need the professional assistance that can only be provided by a licensed insurance agent. Some companies do allow you to get prices online but buy from a local insurance agent. When comparing auto insurance rates, know that making a lot of price comparisons increases your odds of finding more affordable rates.

The car insurance companies shown below have been selected to offer free rate quotes in Miami, FL. To find cheaper car insurance in Miami, FL, we recommend you compare several of them to get a more complete price comparison.

Why you need to buy auto insurance

Despite the fact that auto insurance is not cheap in Miami, insuring your vehicle may be required for several reasons.

  • Just about all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability protection if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your vehicle has a lienholder, almost all lenders will force you to have insurance to guarantee loan repayment. If you do not keep the policy in force, the bank or lender will purchase a policy for your Honda at a much higher rate and require you to fork over the higher premium.
  • Insurance protects both your vehicle and your assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance more than cancel out the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $869 every year so compare rate quotes once a year at a minimum to ensure rates are competitive.

Rates and detailed analysis

The table below showcases a range of insurance costs for Honda Accord models. Learning more about how insurance policy premiums are established helps drivers make smart choices when purchasing an insurance policy.

Honda Accord Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $150 $290 $400 $24 $120 $984 $82
Accord LX 4-Dr Sedan $150 $290 $400 $24 $120 $984 $82
Accord EX 4-Dr Sedan $150 $290 $400 $24 $120 $984 $82
Accord LX-P 4-Dr Sedan $150 $290 $400 $24 $120 $984 $82
Accord LX-P 4-Dr Sedan $150 $290 $400 $24 $120 $984 $82
Accord EX-L 4-Dr Sedan $172 $352 $400 $24 $120 $1,068 $89
Accord EX 2-Dr Coupe $172 $414 $532 $32 $160 $1,310 $109
Accord LX-S 2-Dr Coupe $172 $414 $532 $32 $160 $1,310 $109
Accord EX-L 2-Dr Coupe $194 $414 $532 $32 $160 $1,332 $111
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in zip code location which can alter rates noticeably.

Physical damage deductibles: Should you raise them?

When shopping for auto insurance, a common question is where to set your physical damage deductibles. The rates shown below outline the difference in cost between low and high comp and collision deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Honda Accord insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX-P 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX-P 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX-L 4-Dr Sedan $322 $544 $354 $20 $106 $1,371 $114
Accord EX 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord LX-S 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord EX-L 2-Dr Coupe $364 $640 $472 $28 $142 $1,671 $139
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Honda Accord insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord EX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX-P 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX-P 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord EX-L 4-Dr Sedan $200 $342 $354 $20 $106 $1,022 $85
Accord EX 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
Accord LX-S 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
Accord EX-L 2-Dr Coupe $224 $402 $472 $28 $142 $1,268 $106
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in garaging location in Miami which can impact insurance rates considerably.

Based on the above data, using a $250 deductible costs about $28 more each month or $336 every year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 27 months between claim filings, you would probably be better off if you opt for a higher deductible.

Safe drivers Miami pay cheaper rates

The information below illustrates how violations and fender-benders can raise Honda Accord auto insurance costs for different age groups. The data is based on a married female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Males versus Females

The chart below shows the difference between Honda Accord auto insurance costs for male and female drivers. The premiums are based on no claims, a clean driving record, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Car insurance discounts help lower rates for Honda Accord insurance in Miami

Some providers don't always advertise every discount very clearly, so the following is a list of a few of the more well known as well as the least known discounts that may be available.Car insurance discounts

  • Bundled Policy Discount - If you have multiple policies and insure them with the same company they may give you a discount of at least 10 to 15 percent or more.
  • Student Driver Training - Reduce the cost of insurance for teen drivers by having them successfully complete driver's ed class as it can save substantially.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and can earn a small discount on your policy.
  • E-sign - A few larger online companies may give you up to $50 for buying a policy and signing up on the web.
  • Early Renewal Discounts - Some larger companies provide a discount for signing up early. The savings is around 10%.
  • Defensive Driving Course - Participating in a defensive driver course could possibly earn you a 5% discount and make you a better driver.
  • Save with More Vehicles Insured - Buying insurance for primary and secondary vehicles with the same company can get a discount on all vehicles.

As is typical with insurance, most discount credits are not given to the whole policy. A few only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it just doesn't work that way. But all discounts should help reduce your overall bill.

The information below compares Honda Accord insurance prices with and without discounts applied to the policy rates. The rates are based on a female driver, no violations or claims, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, claim-free, homeowner, multi-car, and safe-driver discounts applied.

Car insurance companies that may include these money-saving discounts include:

Before you buy a policy, ask all companies you are considering what discounts are available to you. All car insurance discounts may not be offered in your area.

Your situation helps dictate your coverage

When buying a policy, there really is not a single plan that fits everyone. Everyone's needs are different.Auto insurance savings

For example, these questions could help you determine whether you will benefit from professional help.

  • Am I covered if I hit a deer?
  • Will my Honda Accord be repaired with OEM or aftermarket parts?
  • When would I need rental car insurance?
  • How much will a speeding ticket raise my rates?
  • At what point should I drop full coverage?
  • Is coverage enough to protect my assets?

If you don't know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form.