Insurance rates Honda Accord in BaltimoreWant a free price quotes on cheaper Honda Accord insurance in Baltimore? Comparison shopping for cheaper Honda Accord insurance in Baltimore might be quite difficult for drivers who are new to online price comparisons. With so many agents and online companies, it can turn into a burden to find better prices on Honda Accord insurance.

It's astonishing, but nearly 70% of Maryland drivers kept buying from the same company for more than four years, and virtually 40% of consumers have never compared insurance rates at all. U.S. drivers can save hundreds of dollars each year just by comparing rates, but they mistakenly think it's difficult to compare rate quotes online.

If you have coverage now, you should be able to find better prices using this information. Locating affordable car insurance in Baltimore is not as time-consuming as you think. Nevertheless, Maryland consumers must know the way insurance companies determine what you pay and use this information to your advantage.

Compare Baltimore Honda Accord insurance quotes online

When price shopping your coverage, more quotes helps improve the odds of finding the best rates.

The following companies are ready to provide price quotes in Baltimore, MD. If multiple companies are shown, it's a good idea that you visit as many as you can to find the most affordable car insurance rates.

Honda Accord Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $268 $500 $418 $24 $126 $1,336 $111
Accord LX 4-Dr Sedan $236 $448 $390 $24 $116 $1,214 $101
Accord EX 4-Dr Sedan $214 $370 $332 $20 $100 $1,036 $86
Accord LX-P 4-Dr Sedan $262 $508 $390 $24 $116 $1,300 $108
Accord LX-P 4-Dr Sedan $146 $282 $390 $24 $116 $958 $80
Accord EX-L 4-Dr Sedan $248 $418 $352 $20 $106 $1,144 $95
Accord EX 2-Dr Coupe $242 $518 $432 $26 $130 $1,348 $112
Accord LX-S 2-Dr Coupe $398 $744 $602 $36 $180 $1,960 $163
Accord EX-L 2-Dr Coupe $248 $518 $518 $30 $156 $1,470 $123
Get Your Own Custom Quote Go

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in vehicle garaging location which can revise insurance rates noticeably.

Choosing deductibles

When shopping for auto insurance, a common question is which deductibles should you choose. The following tables show the differences in price between low and high deductibles. The first price estimate table uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Honda Accord insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $304 $518 $346 $20 $104 $1,317 $110
Accord LX 4-Dr Sedan $304 $518 $346 $20 $104 $1,317 $110
Accord EX 4-Dr Sedan $304 $518 $346 $20 $104 $1,317 $110
Accord LX-P 4-Dr Sedan $304 $518 $346 $20 $104 $1,317 $110
Accord LX-P 4-Dr Sedan $304 $518 $346 $20 $104 $1,317 $110
Accord EX-L 4-Dr Sedan $350 $632 $346 $20 $104 $1,477 $123
Accord EX 2-Dr Coupe $350 $744 $458 $28 $138 $1,743 $145
Accord LX-S 2-Dr Coupe $350 $744 $458 $28 $138 $1,743 $145
Accord EX-L 2-Dr Coupe $394 $744 $458 $28 $138 $1,787 $149
Get Your Own Custom Quote Go
Honda Accord insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $168 $274 $346 $20 $104 $912 $76
Accord LX 4-Dr Sedan $168 $274 $346 $20 $104 $912 $76
Accord EX 4-Dr Sedan $168 $274 $346 $20 $104 $912 $76
Accord LX-P 4-Dr Sedan $168 $274 $346 $20 $104 $912 $76
Accord LX-P 4-Dr Sedan $168 $274 $346 $20 $104 $912 $76
Accord EX-L 4-Dr Sedan $194 $332 $346 $20 $104 $996 $83
Accord EX 2-Dr Coupe $194 $392 $458 $28 $138 $1,210 $101
Accord LX-S 2-Dr Coupe $194 $392 $458 $28 $138 $1,210 $101
Accord EX-L 2-Dr Coupe $218 $392 $458 $28 $138 $1,234 $103
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in Baltimore location which can raise or lower price quotes greatly.

Based on the above data, using a $100 deductible will cost you approximately $39 more each month or $468 for a full year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 23 months between claim filings, you would more than likely save some money going with the higher deductible.

Reckless driving habits raise Baltimore auto insurance rates

The diagram below highlights how speeding tickets and at-fault collisions impact Honda Accord auto insurance costs for different age groups of insureds. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

How much more does full coverage cost?

The chart below visualizes the comparison of Honda Accord insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no set rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's say your Honda Accord claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your policy deductible. If premium cost is more than $700 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some cases where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.

Companies offer lots of discounts on Honda Accord insurance in Baltimore

Some insurers don't necessarily list every discount they offer very clearly, so the following list contains a few of the more well known and also the lesser-known credits available to you.Cheaper auto insurance with discounts

A little disclaimer on discounts, some credits don't apply to the whole policy. Some only reduce individual premiums such as comp or med pay. Despite the fact that it seems like it's possible to get free car insurance, you're out of luck.

Large auto insurance companies and their offered discounts are outlined below.

Check with every company to give you their best rates. Discounts may not apply to policies in Baltimore.

Informed Consumers Can Reduce Their Insurance Premiums

Consumers need to have an understanding of the rating factors that are used to determine your premiums. If you have some idea of what determines base rates, this enables informed choices that can earn you cheaper rates. Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like your driving record, but some are not quite as obvious such as your credit history or how safe your car is.

The list below includes just a few of the factors utilized by car insurance companies to help set rates.

No car insurance claims equals lower car insurance rates - If you tend to file frequent claims, you should expect much higher rates or policy non-renewal. Auto insurance companies in Maryland generally give better rates to people that do not abuse their auto insurance. Your car insurance is intended for claims that pose a financial burden.

Five star NHTSA crash test rating saves money - Vehicles that have high safety ratings cost less to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries means your insurance company pays less which can mean better rates for you. If your Honda Accord is rated at least four stars on you may qualify for a discount.

Gender impacts prices - Statistics have proven that females tend to be a little less risky than males. That doesn't necessarily mean that women are BETTER drivers than men. Both sexes cause auto accidents at about the same rate, but men have accidents that have higher claims. They also have more aggressive citations like reckless driving and DUI. Males from age 16 to 21 generally have the highest accident percentage and thus pay the highest rates.

Experienced drivers pay less - Teen drivers in Maryland tend to be careless and easily distracted in a vehicle so car insurance rates are higher. Older, more experienced drivers are proven to be safer behind the wheel, statistically cause fewer accidents, and get fewer tickets.

Impacts performance impacts costs - The performance of the car or truck you need to insure makes a significant difference in the rate you pay. Since the Honda Accord is classified as a passenger car, insurance will be similar in price or lower as compared to the average rate in Baltimore. The lowest performance passenger cars generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.

Insurance losses for a Honda Accord - Insurance companies take into consideration historical loss data for every vehicle to calculate a rate that will offset losses. Vehicles that have higher prevalence or dollar amount of losses will cost more to insure. The table below illustrates the historical insurance loss data for Honda Accord vehicles.

For each policy coverage, the statistical loss for all vehicles averaged together is considered to be 100. Numbers below 100 suggest losses that are better than average, while numbers above 100 point to more frequent losses or tendency to have higher losses.

Honda Accord Insurance Claim Statistics

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Accord 91 85 90 122 117 94
Honda Accord Hybrid 96 80 98 89 76 84
Honda Accord Crosstour 4dr 2WD 85 97 83 122 113 94
Honda Accord Crosstour 4dr 4WD 99 102 94 120 93

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local Baltimore insurance agents and car insurance

Many drivers prefer to go talk to an agent and that is a smart decision A nice benefit of getting free rate quotes online is you may find the lowest rates and still buy from a local agent. Buying from small agencies is especially important in Baltimore.

Insurance agents in BaltimoreTo find an agent, once you fill out this form (opens in new window), your information is emailed to local insurance agents who want to provide quotes for your business. It simplifies rate comparisons since you won't have to search for any insurance agencies since price quotes are sent directly to you. You can find lower rates and a licensed agent to talk to. In the event you want to get a price quote from a particular provider, feel free to search and find their rate quote page and give them your coverage information.

Listed below is a short list of insurance companies in Baltimore that may be willing to give rate quotes for Honda Accord insurance in Baltimore.

More Baltimore agents

Deciding on an insurance company should include more criteria than just the premium amount. These are some questions your agent should answer.

What insurance coverages do I need?

When quoting and choosing coverage online or from an agent, there really is not a one-size-fits-all type of policy. Everyone's situation is unique so your insurance should reflect thatSafe vehicles cost less to insure Here are some questions about coverages that can aid in determining whether your personal situation might need an agent's assistance.

If you can't answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Beware of misleading auto insurance ads

Well-known auto insurance companies like State Farm, GEICO and Progressive constantly bombard you with television, radio, and online ads. All the companies make an identical promise of big savings just by moving your coverage to them. It sounds good, but how can they all charge less that you're paying now? Here is the trick they use.

Companies have underwriting criteria for the driver that will most likely be profitable. An example of a desirable insured may be between 30 and 50, has no claims, and chooses high deductibles. Any new insured who matches that profile is entitled to the best price and is almost guaranteed to save if they switch.

Insureds who are not a match for the "perfect" profile will probably have to pay more expensive rates which usually ends up with the prospect going elsewhere. If you listen to the ad wording, they say "drivers that switch" but not "all drivers who get quotes" save money. That is how insurance companies can make those statements.

Because of this risk profiling, you need to get as many free Baltimore auto insurance quotes as possible. It's just too difficult to predict which insurance companies will fit you best based on your risk profile.

Smart shoppers get results

You just read a lot of techniques to get a better price on Honda Accord insurance in Baltimore. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the most savings is with some of the smallest insurance companies. Regional companies can often provide lower rates in certain areas than their larger competitors like Allstate or State Farm.

While you're price shopping online, it's not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to regret that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

For more information, feel free to visit these articles: