Cheap Insurance Quotes for a Honda Accord in Ohio

Your odds of finding cheaper car insurance for a Honda Accord in Ohio depends on lots of different factors such as if you are married or single, where your vehicle is garaged, and deductibles for comprehensive and collision coverage. Drivers on average pay approximately $520 every 12 months for Accord insurance, but that amount is a valuation based on rate data for a 30-year-old married male driver who needs full comprehensive and collision coverage and $1,000 policy deductibles.

The issue with using an average estimated rate is the likelihood you’re not a 30-year-old male, single instead of married, or maybe you do not need full coverage. Even a minor change in the factors used in pricing a policy can lead to a big change in how much insurance for a Honda Accord costs.

Each driver has unique rating factors, so your best chance at finding cheap auto insurance rates for your Honda is to do the rate comparisons yourself.

Find Cheaper Honda Accord Insurance

Your Honda’s trim level will likely have an effect on the yearly cost, so the price you pay to insure a Accord LX 4-Dr Sedan trim level will be $182 lower than the price to insure the more expensive Accord EX-L 2-Dr Coupe trim level, as shown below.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in specific garaging location which can influence auto insurance rates noticeably.

Locating budget insurance is difficult, and deciding which companies quote the most affordable car insurance rates for a Honda Accord will take even more perseverance. Each auto insurer has their own guidelines for setting prices, so first we will examine the car insurance companies that tend to have lower prices in Ohio.

Best Insurance Companies for Your Accord

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Utica National generally has some of the lowest car insurance rates in Ohio at around $654 each year. Erie, Allied, Travelers, and Frankenmuth are also some of the cheaper Ohio car insurance companies.

In the rate table above, if you are insured with Frankenmuth and switched to Erie, you might achieve a yearly savings of in the vicinity of $41. Customers with USAA could save as much as $74 a year, and Merchants Insurance Group insureds might realize rate reductions of up to $81 a year.

It’s important to note that these prices are averaged across all types of insureds and vehicles and and are not calculated with a specific rate value for a Honda Accord. So the insurer that is most affordable for your situation may not even be featured in the list above. That helps illustrate why you need to get car insurance quotes using your own driver information and specific vehicle type.

The chart below demonstrates how deductibles can increase or decrease premium costs when researching cheap insurance for a Honda Accord. The rate quotes are based on a married female driver, full coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1443,1323,1189,1059],[‘Age 30’, 1015,929,829,733],[‘Age 40’, 1001,917,823,729],[‘Age 50’, 881,809,725,647],[‘Age 60’, 839,771,691,615],[‘Age 70’, 897,823,743,665]]);var options = {title: ‘Impact of Deductibles on Honda Accord Insurance Rates in Ohio’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 40-year-old driver could reduce rates by $156 a year by changing from a $100 deductible up to a $500 deductible, or save $234 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could drop their prices as much as $384 every year by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Full coverage rates compared to liability only

Finding cheap insurance for a Honda Accord in Ohio is important to the majority of vehicle owners, and one of the easiest ways to pay less for insurance is to not insure for full coverage. The example below illustrates the comparison of insurance prices with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving citations, $100 deductibles, single marital status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2237,697],[‘Age 30’, 1167,387],[‘Age 40’, 1155,359],[‘Age 50’, 1049,337],[‘Age 60’, 1013,331],[‘Age 70’, 1229,439]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average for all age groups, physical damage coverage on your policy costs $1,308 per year more than just buying liability only. Many drivers may wonder if paying for full coverage is a waste of money. There is no definitive rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

There are some cases where only buying liability is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.

How to find the cheapest insurance for a Honda Accord

It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help drivers get low-cost car insurance.

• Raise deductibles
• Do not get traffic violations
• Drive vehicles with five-star safety ratings
• Accident-free drivers may qualify for discounts
• Improve your credit
• Compare rates and switch if you can find a better deal

The final tip is particularly valuable, as we pointed out in this write-up. Prices charged by car insurance companies can change considerably in a year, so don’t be hesitant to change to a new company if you find a cheaper price.

Having brand loyalty is commendable, but it isn’t a good idea if it’s costing you a lot of money every month. If you have a few minutes, compare rates to find cheaper insurance for a Honda Accord.

Who has the cheapest Honda Accord insurance quotes?

There are many different ways to compare cheaper car insurance rates in Ohio, but the most preferred ways are using a non-exclusive or independent agent, an exclusive insurance agent such as State Farm or Auto-Owners, or from a direct company like Geico or Progressive.

They all follow the same basic process, but it’s good to know the differences in how they function.

Independent insurance agencies have contracts with multiple insurance companies and can provide price quotes from each one. These types of agencies are able to get prices from more than one company, which can give you a better chance of finding cheaper coverage. If your premiums go up, you can get a different policy and you don’t have to switch agencies.

An exclusive ageny is only able to write with a single company, a couple examples are a State Farm or Farmers agent. Exclusive agents are unable to give you multiple price quotes, which requires you to shop around.

Buying direct means you bypass local agents and instead shop direct from companies such as Esurance or Progressive. Shopping direct is good for drivers who do not need complex risk management and have an above average understanding of what is covered and what is not.

Which method works best to buy cheap insurance for a Honda Accord in Ohio? Our initial answer would be shopping direct saves the most money since that prevents the need to pay agent commissions, but unfortunately, that is not always true. We’d also like to say going through an independent agent guarantees the lowest rates due to having more companies to select from, but that assumption is not true either. In many circumstances, exclusive agencies have price quotes well below independent agents AND direct companies.

Due to the fact that car insurance rates vary so much, the only true way to ensure you are not overpaying is to get quotes and compare the rates. We highly recommend getting rate quotes from all three in order to have enough rates to compare. For a list of companies with cheap rates in Ohio, click here to view.