Who Has Affordable Madison Auto Insurance Rates for a Honda Accord?

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Honda Accord insurance cost
Honda Accord insurance cost image courtesy of QuoteInspector.com

Buying cheaper auto insurance for a Honda Accord is dependent upon an enormous amount of factors such as how you use your vehicle, whether or not you have filed claims in the past, and the deductible amount you use. Wisconsin drivers will pay around $779 per year for Accord insurance, but that price is a projection calculated using a 30-year-old single male driver with both comprehensive and collision coverage and $250 deductibles.

The problem with using this number is the good chance you are not 30 years old and maybe not even male, possibly married instead of single, and you want different coverage limits than the example. This example demonstrates why the best method for finding the cheapest insurance price for your Honda is to compare as many rates as you can. Do a quick rate comparison now and you will receive price comparisons from the cheapest companies that sell coverage in Wisconsin.

Compare Honda Accord Insurance Rates

The specific model of Accord will most likely have an effect on the cost of insurance, so the rate you pay to insure a Accord LX 4-Dr Sedan model will be $272 less than the price to insure the more well-appointed Accord EX-L 2-Dr Coupe trim level, as shown in the table below.

Honda Accord Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $176 $246 $256 $16 $76 $770 $64
Accord EX 4-Dr Sedan $176 $246 $256 $16 $76 $770 $64
Accord LX-P 4-Dr Sedan $176 $246 $256 $16 $76 $770 $64
Accord EX-L 4-Dr Sedan $202 $300 $256 $16 $76 $850 $71
Accord EX 2-Dr Coupe $202 $352 $340 $20 $102 $1,016 $85
Accord LX-S 2-Dr Coupe $202 $352 $340 $20 $102 $1,016 $85
Accord EX-L 2-Dr Coupe $228 $352 $340 $20 $102 $1,042 $87
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in garaging location in Madison which can influence coverage prices considerably.

Figuring out which insurers offer the lowest-priced auto insurance rates for a Honda Accord may require a little more effort in order to find the most economical policy. Each auto insurer uses a slightly different approach for setting prices, so we'll go over the auto insurance companies with the most affordable rates in Madison.

Keep in mind that Madison auto insurance rates are calculated based on many things which can substantially decrease or increase the price you pay for coverage. Simply getting older, buying a home instead of renting, or getting a ticket for careless driving can trigger changes in premium resulting in some rates now being more affordable than before.

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Cheapest Wisconsin auto insurance companies
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $632
3 Erie $717
4 Nationwide $745
5 Rockford Mutual $754
6 Rural Mutual Insurance $756
7 Integrity Mutual $762
8 Pekin Insurance $775
9 Western National $793
10 Travelers $820
11 State Farm $896
12 West Bend Mutual $917
13 General Casualty $926
14 The Hartford $940
15 Auto Club Group $977
16 Auto-Owners $1,114
17 Progressive $1,118
18 American Family $1,137
19 Farmers $1,165
20 GEICO $1,238
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USAA may offer some of the most affordable car insurance rates in Madison at around $580 per year. Partners Mutual, Erie, Nationwide, and Rockford Mutual would also make the list of some of the more affordable Madison, WI insurance companies.

As depicted above, if you buy coverage from Nationwide and switched to USAA, you may realize a yearly price reduction of around $165. Wisconsin drivers with Rockford Mutual might save as much as $174 a year, and Rural Mutual Insurance insureds might cut rates by $176 a year.

These policy prices are averages for all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for a Honda Accord. So the car insurance company that is best for you may not even be in the top 30 companies shown above. That underscores the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

Reckless driving habits raise Madison auto insurance rates

In a perfect world, the ideal way to maintain the most affordable auto insurance rates for an Accord is to drive safely and not have accidents or get tickets. The information below demonstrates how speeding tickets and at-fault accidents impact insurance prices for different age groups. The data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

In the chart above, the average cost of car insurance in Wisconsin per year with no accidents or violations is $924. Get one speeding ticket and the average cost increases to $1,072, an increase of $148 each year. Now throw in one accident along with the one speeding ticket and the annual cost of auto insurance for a Honda Accord goes up to an average of $1,493. That's an increase of $569, or $47 per month, just for not keeping your driving record clean!

The example below highlights how deductible choice can raise or lower annual premium costs when trying to find cheap insurance for a Honda Accord. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

A 40-year-old driver could cut expenses by $192 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $290 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could save $640 annually by using a higher deductible. When using a larger deductible, it is necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

The professional agents shown below can provide answers to your questions and help you determine which auto insurance policy would work best for you, as many consumers aren't sure which coverage to buy and prefer to have professional advice when shopping for the best coverage for an Accord. It's not always easy to find the cheapest car insurance policy, so insurance agents licensed in the state of Wisconsin can provide you comfort knowing your coverage gives you adequate protection in case of an accident or claim.

To locate a Madison auto insurance agent near you, click the button after the list or click here to compare rates now.

American Family Insurance - Ed Flynn
514 Grand Canyon Dr - Madison, WI 53719 - (608) 833-1717

R and S Insurance
1520 Vernon St - Madison, WI 53703 - (608) 251-0022

Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135 - Madison, WI 53718 - (608) 242-9473

Farmers Insurance - Allen Maxwell
2980 Cahill Main #205 - Madison, WI 53711 - (608) 630-9776

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How to find the cheapest car insurance for a Honda Accord

It's not impossible to find cheaper rates, and here are many penny-pinching suggestions that can help Madison drivers find low-cost coverage.

That last idea is particularly necessary, as we pointed out in this article. Auto insurance prices in Madison change frequently, so you should be ready to switch companies if a cheaper rate is available. Many drivers prefer to stick with one company, but we do not recommend it if that dedication is costing a fortune every year. Now is a great time to shop around and find cheaper car insurance for a Honda Accord.