Finding cheap auto insurance for a Honda Accord in Nebraska hinges on a complex formula that considers things such as how old the Accord is, your occupation, and whether or not you are a good driver. Drivers in Nebraska will pay around $893 per year to insure their Accord, but that price is a valuation based on a 50-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
This brings up the issue that more than likely you are not 50 and maybe not even a female, possibly married instead of single, or maybe you just want liability only instead of full coverage. Having different needs demonstrates why the only way to find cheap insurance rates for your Honda is to compare as many rates as you can.
Your Honda’s trim level has an effect on the annual cost of coverage, so the rate you pay to insure a Accord LX 4-Dr Sedan trim level will be $312 less expensive the price to insure the more costly Accord EX-L 2-Dr Coupe trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$174||$314||$288||$18||$86||$880||$73|
|Accord EX 4-Dr Sedan||$174||$314||$288||$18||$86||$880||$73|
|Accord LX-P 4-Dr Sedan||$174||$314||$288||$18||$86||$880||$73|
|Accord EX-L 4-Dr Sedan||$200||$382||$288||$18||$86||$974||$81|
|Accord EX 2-Dr Coupe||$200||$450||$382||$22||$114||$1,168||$97|
|Accord LX-S 2-Dr Coupe||$200||$450||$382||$22||$114||$1,168||$97|
|Accord EX-L 2-Dr Coupe||$224||$450||$382||$22||$114||$1,192||$99|
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in specific garaging location which can affect price quotes substantially.
Picking the highest-rated insurer can be a challenge considering how many companies there are in Omaha. The company information in the lists below can help you decide which car insurance providers you want to consider when trying to find cheaper insurance for a Honda Accord.
These ratings are only comprised of companies that insure vehicles nationwide, so smaller companies are not factored into this list. If you would like to check rates from these and other competitive companies, just click here.
Top 10 Large Auto Insurance Providers in Omaha Ranked by Customer Satisfaction
- USAA – 92%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- The Hartford – 87%
- Progressive – 87%
- AAA Insurance – 87%
- Farmers Insurance – 87%
- Liberty Mutual – 87%
Top 10 Large Auto Insurance Providers in Omaha Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Types of discounts on Omaha auto insurance
Insurance companies that offer quotes for a Honda Accord could also offer discounts that can lower rates by 25% or more if you meet specific eligibility requirements. A few of the larger companies and a partial list of their discounts can be found below.
- Farm Bureau includes discounts for youthful driver, 55 and retired, multi-vehicle, driver training, good student, and safe driver.
- MetLife offers discounts for claim-free, multi-policy, good student, good driver, accident-free, defensive driver
- Progressive has discounts for good student, multi-policy, continuous coverage, online quote discount, online signing, multi-vehicle, and homeowner.
- AAA policyholders can earn discounts including education and occupation, multi-car, good driver, pay-in-full, good student, multi-policy, and anti-theft.
- American Family may have discounts that include multi-vehicle, good student, defensive driver, good driver, and Steer into Savings.
- GEICO has savings for emergency military deployment, daytime running lights, air bags, defensive driver, and multi-policy.
- State Farm may offer discounts for defensive driving training, accident-free, Drive Safe & Save, anti-theft, and good student.
The chart below visualizes the comparison of premium costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Nebraska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple vehicle, anti-theft, defensive driving course, homeowner, vehicle safety, and safe-driver discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for a Honda Accord is 28% or $413.
Price comparison of only insuring for liability
Finding cheaper car insurance is important to most people, and one common way to find cheaper insurance for a Honda Accord is to only buy liability insurance. The example below compares yearly insurance costs with full physical damage coverage and with liability coverage only. The data is based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
If we average the cost for all age groups, full coverage on your policy costs $1,704 per year over and above liability coverage. Many drivers will wonder if paying for full coverage is a waste of money. There is no definitive guideline of when to exclude physical damage coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after the deductible is paid. If you are paying in excess of $400 annually for your policy with full coverage, then you might want to think about dropping full coverage.
There are some situations where removing full coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.
Why you are probably overpaying for Accord insurance
Omaha car insurance rates are impacted by many factors which can substantially change the price you have to pay. Simply turning a year older, moving to a different location, or having an at-fault accident can produce rate changes resulting in some companies being more affordable than others.
Also, insurers file new rates every year or even multiple times each year in order to remain profitable. An extended period of higher than normal claims can cause rate hikes, while a better loss history can cause cheaper Accord insurance rates.
To help illustrate this point, the graph below shows the cheapest car insurance in Omaha, NE for a 30-year-old female driver with no prior claims, no tickets, and great credit. When quoting prices based on her current rating profile, Safeco may have the lowest car insurance rates in Omaha at $896 annually. This is $420 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska are also on the list of the most affordable Omaha, NE auto insurance companies.
The next chart shows rates after we give the driver from above a couple of claims, bad credit, and a blemish on her driving record. Due to the fact that every auto insurer has their own process for determining rates in each state, comparing prices will most likely result in a substantially altered list of the cheapest car insurance companies in Omaha as shown below.
Nationwide now has the best price in Omaha with State Farm, American National, General Casualty, and USAA completing the list. This example proves why drivers need to do a thorough rate comparison when trying to get the lowest auto insurance quotes for a Honda Accord. Prices are impacted by many things and change dramatically, so the best price when you last compared rates may now be one of the more expensive options.
How to find cheaper auto insurance for a Honda Accord
The list below details a few money-saving suggestions that can help drivers locate more affordable coverage.
- Buying home and auto insurance together can earn discounts
- On older vehicles, drop full coverage
- Higher deductibles save money
- Good credit scores may make rates cheaper
- Earn a discount by not filing claims
- Buy a safer vehicle
- Shop around for cheaper rates regularly
The last tip is especially vital, as we hit on in this piece. Prices in Omaha fluctuate considerably, so you should be ready to buy from a new company if a better deal can be had. Having a favorite company is fine, but it’s not a great idea if your bullheadedness ends up costing you money that could be going to better use. In less than five minutes you could shop around to find cheaper insurance for a Honda Accord.
If you aren’t clear which coverage you need and would like to get some help when buying car insurance for a Honda Accord, the agents below are willing to provide answers to your questions and help you determine which auto insurance policy would work best for you. To locate an agency near you, click the link at the bottom or click here to compare prices now.
- Tim Edwards – State Farm Insurance Agent
6550 S 84th St #200 – Omaha, NE 68127 – (402) 331-0112
- Matt Dougherty – State Farm Insurance Agent
4910 Dodge St – Omaha, NE 68132 – (402) 884-2870
- Action Insurance
12100 W Center Rd #208 – Omaha, NE 68144 – (402) 697-8181