If you're looking for lower-priced insurance online, are you baffled by the dozens of auto insurance companies available to you? You're not alone. Consumers have such a vast assortment of companies available that it can easily become more work than you anticipated to compare prices on Honda Accord insurance. Lots of people think Rochester is a great place to live, but high auto insurance premiums can make it hard for many residents to meet other financial obligations.

Insurance rates Honda Accord in RochesterSad but true, almost 70% of insureds kept buying from the same company for at least the last four years, and practically 40% of auto insurance customers have never compared rate quotes at all. With the average premium in Minnesota being $2,242, drivers could cut their rates by up to 50% a year by just comparing rate quotes, but they don't want to spend time to shop their coverage around.

If you have a policy now, you will definitely be able to shop for the lowest rates using the ideas covered in this article. Getting quotes for the most affordable coverage in Rochester is not as hard as you think. Although Minnesota consumers need to have an understanding of the methods companies use to market insurance on the web because rates are impacted by many factors.

The method we recommend to compare insurance rates in your area is to understand car insurance companies actually pay money for the chance to give rate comparisons. The only thing you need to do is give the companies some data including how much school you completed, the type of vehicles you drive, the ages of drivers, and types of safety features. Those rating factors gets transmitted to all major companies and they provide comparison quotes instantly to find the best rate.

To start a rate quote now, click here and complete the quick form.

The companies in the list below are our best choices to provide price comparisons in Rochester, MN. If multiple providers are shown, we suggest you visit as many as you can to get the most competitive price.

Honda Accord Insurance Rate Estimates in Rochester, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $184 $332 $284 $16 $84 $900 $75
Accord LX 4-Dr Sedan $204 $398 $284 $16 $84 $986 $82
Accord EX 4-Dr Sedan $194 $312 $278 $16 $84 $884 $74
Accord LX-P 4-Dr Sedan $102 $178 $254 $14 $76 $624 $52
Accord LX-P 4-Dr Sedan $210 $390 $326 $20 $98 $1,044 $87
Accord EX-L 4-Dr Sedan $212 $420 $258 $16 $78 $984 $82
Accord EX 2-Dr Coupe $262 $656 $466 $28 $140 $1,552 $129
Accord LX-S 2-Dr Coupe $138 $282 $370 $22 $110 $922 $77
Accord EX-L 2-Dr Coupe $194 $404 $406 $24 $122 $1,150 $96
Get Your Own Custom Quote Go

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate information does not factor in zip code location which can increase or decrease rates greatly.

Policy deductibles

One of the most common auto insurance questions is where to set your physical damage deductibles. The premium rates below may help you to understand the cost difference when you select higher and lower insurance deductibles. The first data set uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.

Honda Accord insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $238 $406 $270 $16 $80 $1,035 $86
Accord LX 4-Dr Sedan $238 $406 $270 $16 $80 $1,035 $86
Accord EX 4-Dr Sedan $238 $406 $270 $16 $80 $1,035 $86
Accord LX-P 4-Dr Sedan $238 $406 $270 $16 $80 $1,035 $86
Accord LX-P 4-Dr Sedan $238 $406 $270 $16 $80 $1,035 $86
Accord EX-L 4-Dr Sedan $272 $492 $270 $16 $80 $1,155 $96
Accord EX 2-Dr Coupe $272 $580 $358 $22 $108 $1,365 $114
Accord LX-S 2-Dr Coupe $272 $580 $358 $22 $108 $1,365 $114
Accord EX-L 2-Dr Coupe $308 $580 $358 $22 $108 $1,401 $117
Get Your Own Custom Quote Go
Honda Accord insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $132 $214 $270 $16 $80 $712 $59
Accord LX 4-Dr Sedan $132 $214 $270 $16 $80 $712 $59
Accord EX 4-Dr Sedan $132 $214 $270 $16 $80 $712 $59
Accord LX-P 4-Dr Sedan $132 $214 $270 $16 $80 $712 $59
Accord LX-P 4-Dr Sedan $132 $214 $270 $16 $80 $712 $59
Accord EX-L 4-Dr Sedan $152 $260 $270 $16 $80 $778 $65
Accord EX 2-Dr Coupe $152 $306 $358 $22 $108 $946 $79
Accord LX-S 2-Dr Coupe $152 $306 $358 $22 $108 $946 $79
Accord EX-L 2-Dr Coupe $170 $306 $358 $22 $108 $964 $80
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in garaging location in Rochester which can influence prices significantly.

Based on the above data, using a $100 deductible will cost you roughly $31 more each month or $372 every year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average at least 29 months between claim filings, you would probably be better off by selecting a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): - $66
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

An important thing to remember is that increasing deductibles to save money means you will have to pay more when you have a physical damage claim. That will require some money saved in the event you have to pay the deductible.

Should you raise deductibles?

The information below shows how choosing a deductible and can affect Honda Accord insurance premiums for each age group. The rate quotes are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Don't neglect these discounts

Auto insurance is easily one of your largest bills, but there may be some discounts to cut the cost considerably. Certain reductions will be credited at the time of quoting, but some need to be specifically requested before they will apply.Cheaper auto insurance with discounts

While discounts sound great, it's important to understand that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, it's just not the way it works.

Popular auto insurance companies and the discounts they provide are included below.

It's a good idea to ask every insurance company which discounts you qualify for. Some discounts may not apply to policies in every state. If you would like to choose from a list of insurers who offer online Honda Accord insurance quotes in Minnesota, click this link.

What Affects Honda Accord Insurance Premiums?

Many things are part of the equation when you get a price on insurance. Most are fairly basic like your driving record, but others are not as apparent like your continuous coverage or your vehicle rating.

Your address can influence rates - Residing in areas with lower population has definite advantages when talking about car insurance. Less people translates into fewer accident claims and a lower car theft rate. People who live in big cities tend to have much more traffic and longer commute times. More time commuting means more chances of being involved in an auto accident.

Accidents inflate premiums - Good drivers receive lower rates as compared to careless drivers. Even a single ticket can increase rates by twenty percent. Drivers with license-revoking tickets such as reckless driving or DUI may be required to complete a SR-22 with their state's department of motor vehicles in order to continue driving.

Too many claims drive up premiums - Auto insurance companies in Minnesota award the lowest premiums to drivers that do not abuse their auto insurance. If you file a lot of claims you can look forward to either higher rates or even cancellation. Auto insurance is intended for major claims that would cause financial hardship.

Credit history impact car insurance costs - An insured's credit score factor in calculating your premium rate. People that have high credit scores tend to file fewer claims than drivers with poor credit scores. If your credit history could use some work, you could be paying less to insure your Honda Accord by improving your rating.

Expect high rates for teens - More mature drivers are more cautious drivers, cause fewer claims and accidents, and tend to be get fewer driving tickets.Inexperience drivers are proven to be easily distracted in a vehicle and because of this, their car insurance rates are much higher.

Never let your coverage expire - Not maintaining insurance is not a good idea and your next policy will cost more because you let your coverage lapse. And not only will insurance be more expensive, failure to provide proof of insurance can result in a revoked license or a big fine.

Loss statistics for a Honda Accord - Insurance companies use data from past claims to calculate a rate that will offset losses. Vehicles that historically have higher number or severity of losses will cost more to insure.

The table below demonstrates the compiled insurance loss statistics for Honda Accord vehicles. For each policy coverage type, the claim probability for all vehicles, as a total average, is represented as 100. Values that are 100 or less are indicative of better than average losses, while percentage values above 100 show a trend for more claims or tendency to have higher losses.

Honda Accord Insurance Loss 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Insurance agent or online?

Many people just prefer to talk to an insurance agent and often times that is recommended One of the great benefits of comparing rate quotes online is you may find lower rates but still work with a licensed agent.

Insurance agency in RochesterTo help locate an agent, after submitting this simple form, your insurance coverage information is submitted to insurance agents in Rochester who want to provide quotes for your car insurance coverage. It simplifies rate comparisons since you won't have to do any legwork due to the fact that quote results will go to your email. It's the lowest rates AND a local agent. If you wish to compare rates from a particular provider, just search and find their rate quote page and fill out the quote form the provide.

Finding a good insurer should include more criteria than just a cheap quote. Any agent in Rochester should have no problem answering these questions:

When narrowing the list to find a reputable agency, it can be helpful to understand the different types of agents that you can select. Car insurance agencies are either independent or exclusive.

Exclusive Agencies

Agents that elect to be exclusive can usually just insure with one company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents are unable to shop your coverage around so they have to upsell other benefits. Exclusive agents are well schooled on sales techniques which aids in selling service over price. Some consumers prefer to buy insurance from these agents primarily because of the prominent brand name and the convenience of having all coverages with one company.

Below is a short list of exclusive agencies in Rochester who can help you get price quotes.

View more agents

Independent Insurance Agents

Agents in the independent channel are not locked into one company so they have the ability to put coverage with many different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, your policy is moved internally and you don't have to do anything.

When searching for an agent, you need to compare prices from a couple of independent agencies so that you have a good selection of quotes to compare. Many can place coverage with smaller mutual companies that may provide cheaper car insurance rates.

The following is a short list of independent agents in Rochester who can help you get rate quotes.

View more agents

Situations that may require an agent's advice

Always remember that when buying a policy, there is no cookie cutter policy. Every situation is different.Safe vehicles cost less to insure

Here are some questions about coverages that might help in determining whether you would benefit from professional advice.

If you can't answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Persistence pays off

Drivers switch companies for a variety of reasons including policy cancellation, questionable increases in premium, high prices and delays in paying claims. Whatever your reason, switching companies is pretty easy and you might even save some money in the process.

When getting Rochester auto insurance quotes online, don't be tempted to skimp on coverage in order to save money. In many cases, an insured cut comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The goal is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Cheaper Honda Accord insurance in Rochester is possible online and from local agencies, so you need to shop Rochester auto insurance with both to have the best chance of lowering rates. There are still a few companies who do not provide rate quotes online and many times these regional insurance providers work with local independent agencies.

Helpful learning opportunities