Why Is Honda Accord Insurance So Expensive?

At first glance, insuring a Honda Accord shouldn’t feel like a luxury—after all, it’s a practical, reliable, mid-size sedan. And yet, many drivers are shocked when they receive quotes that rival or exceed what they’d expect for higher-end vehicles.

Let’s unpack the real reasons why insurance premiums for the Honda Accord are higher than you’d think—and more importantly, what you can do to bring those numbers down.

1. It’s a Thief Magnet

The Honda Accord has consistently ranked as one of the most stolen vehicles in the United States for over a decade. Thieves target them not only because of their popularity, but because the parts are interchangeable, easy to resell, and often not traceable.

Impact on Insurance: High theft risk drives up comprehensive coverage costs across the board, regardless of whether your specific car has been targeted.

2. Costly Repairs Due to Technology

Modern Accords are loaded with high-tech features: lane assist, adaptive cruise control, touchscreen systems, rearview cameras, and collision-mitigation braking. While these features are great for safety, they also make repairs far more expensive.

Example: A fender bender that damages a sensor or camera system could cost thousands to fix—even for minor accidents.

3. Frequency of Claims

Because the Accord is so popular and widely driven by commuters, families, and young drivers, it naturally appears in more accident claims. Insurers track this data, and when a particular make and model is involved in claims more often—even if you’re a safe driver—it increases the overall risk pool and drives up premiums.

4. Modifications and Performance Variants

Many Accord drivers opt for modifications—custom wheels, suspension upgrades, or engine tweaks—that can increase the vehicle’s replacement cost or risk profile. Even without modding, certain Accord trims (like the 2.0T Sport) offer higher performance, which can signal greater risk to insurers.

5. Location, Driving Habits & Driver Profile

Where you live and drive plays a big role. Urban areas see more accidents and theft, which impacts rates. Younger drivers and those with less experience also pay more—especially if they’re insuring a popular car like the Accord.

How to Lower Your Honda Accord Insurance Premiums

The good news? You don’t have to accept the high price. Try these proven strategies:

• Shop Smart: Compare quotes from multiple providers. Rates can vary dramatically.

• Raise Your Deductible: If you can afford a higher out-of-pocket expense, your monthly premium will drop.

• Bundle Policies: Combine auto and home or renters insurance to unlock discounts.

• Use Telematics: Some insurers offer discounts if you install a driving tracker that proves safe habits.

• Add Safety Features: Even aftermarket anti-theft devices can reduce your premium.

• Review Annually: Insurance needs change—don’t set it and forget it.

Final Thoughts: Let THAgency Find Your Best Rate

At Toby Hansen Agency, we work with nearly 100 insurance carriers to find the best protection at the most competitive price. Whether you drive a brand-new Accord or a dependable older model, we can help you cut costs—without cutting corners.