The best way we recommend to get affordable Honda Accord insurance in Cleveland is to regularly compare prices from insurers in Ohio. Rates can be compared by following these steps.
- Try to understand the coverage provided by your policy and the measures you can control to drop your rates. Many rating factors that result in higher prices like your driving record and an unacceptable credit history can be amended by improving your driving habits or financial responsibility. Later in this article we will cover additional tips to find cheap rates and get additional discounts that may be available.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while agents who are independent can quote prices for many different companies.
- Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money, make sure there is no lapse in coverage.
A crucial key to this process is to compare similar coverage information on each quote and and to compare every insurance company. Doing this guarantees a fair price comparison and the best price selection.
A recent insurance study revealed that the vast majority of consumers kept their coverage with the same insurance company for at least four years, and roughly 40% of drivers have never compared rate quotes at all. Drivers in Cleveland could save $730 every year, but they mistakenly think it’s difficult to go online and compare rates.
If you have insurance now or just want a better rate, you will benefit by learning to get lower rates while maintaining coverages. Locating the best rates in Cleveland is quite easy. Vehicle owners only need to know the tricks to find the lowest price online.
Facts and figures for Honda Accord insurance
The rate table displayed next outlines different prices for Honda Accord models. Knowing how auto insurance premiums are determined can help you make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $122 | $226 | $234 | $14 | $70 | $666 | $56 |
| Accord LX 4-Dr Sedan | $122 | $226 | $234 | $14 | $70 | $666 | $56 |
| Accord EX 4-Dr Sedan | $122 | $226 | $234 | $14 | $70 | $666 | $56 |
| Accord LX-P 4-Dr Sedan | $122 | $226 | $234 | $14 | $70 | $666 | $56 |
| Accord LX-P 4-Dr Sedan | $122 | $226 | $234 | $14 | $70 | $666 | $56 |
| Accord EX-L 4-Dr Sedan | $140 | $274 | $234 | $14 | $70 | $732 | $61 |
| Accord EX 2-Dr Coupe | $140 | $322 | $310 | $18 | $92 | $882 | $74 |
| Accord LX-S 2-Dr Coupe | $140 | $322 | $310 | $18 | $92 | $882 | $74 |
| Accord EX-L 2-Dr Coupe | $158 | $322 | $310 | $18 | $92 | $900 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can lower or raise prices considerably.
Policy deductible comparison
A question often asked by Cleveland drivers is the level to set your comp and collision deductibles. The comparisons below may help to illustrate the cost difference of buying low and high physical damage coverage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Accord LX 4-Dr Sedan | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Accord EX 4-Dr Sedan | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Accord LX-P 4-Dr Sedan | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Accord LX-P 4-Dr Sedan | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Accord EX-L 4-Dr Sedan | $176 | $296 | $192 | $12 | $58 | $759 | $63 |
| Accord EX 2-Dr Coupe | $176 | $348 | $256 | $16 | $76 | $897 | $75 |
| Accord LX-S 2-Dr Coupe | $176 | $348 | $256 | $16 | $76 | $897 | $75 |
| Accord EX-L 2-Dr Coupe | $198 | $348 | $256 | $16 | $76 | $919 | $77 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Accord LX 4-Dr Sedan | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Accord EX 4-Dr Sedan | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Accord LX-P 4-Dr Sedan | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Accord LX-P 4-Dr Sedan | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Accord EX-L 4-Dr Sedan | $108 | $186 | $192 | $12 | $58 | $556 | $46 |
| Accord EX 2-Dr Coupe | $108 | $220 | $256 | $16 | $76 | $676 | $56 |
| Accord LX-S 2-Dr Coupe | $108 | $220 | $256 | $16 | $76 | $676 | $56 |
| Accord EX-L 2-Dr Coupe | $122 | $220 | $256 | $16 | $76 | $690 | $58 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific location information which can raise or lower price quotes noticeably.
Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $17 more each month or $204 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 44 months between claim filings, you would save money if you opt for a higher deductible. Here is a better example of how you can decide this on your own policy.
| Average monthly premium for $250 deductibles: | $64 |
| Average monthly premium for $1,000 deductibles (subtract): | – $47 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 44 months |
One thing to note is that a higher deductible level means you will have to pay more out-of-pocket when you have a claim. You need to make sure you have enough savings in order to pay the deductible.
The illustration below shows how choosing a deductible and can affect Honda Accord annual premium costs for each different age category. The price estimates are based on a married male driver, full coverage, and no policy discounts are applied.
Honda Accord insurance premiums by gender
The information below compares Honda Accord yearly insurance costs for male and female drivers. The rates are based on no accidents or driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
Full coverage rates vs. liability-only in Cleveland
The illustration below visualizes the comparison of Honda Accord insurance prices when comparing full coverage to liability only. The data assumes no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
When to switch to liability coverage only
There is no set rule to exclude physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Honda Accord book value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $8,000 after the deductible is paid. If premiums are more than $800 a year for physical damage coverage, then it could be time to drop full coverage.
There are some scenarios where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Buy Honda Accord Insurance Cheaper
Many things are taken into consideration when you get a price on insurance. Some factors are common sense like your driving record, but others are not as apparent like your vehicle usage or your vehicle rating.
- Marriage can save on insurance – Having a wife or husband may save some money on your insurance bill. Having a spouse usually means you are more mature and it’s proven that drivers who are married are more cautious.
- Lower premiums for vehicles with better crash test results – Cars with five star safety ratings are cheaper to insure. Safe vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies passed on to you as lower rates. If the Honda Accord has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
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How’s your driving record? – Having just one ticket can bump up the cost by twenty percent. Drivers with clean records receive lower rates compared to bad drivers. People who have dangerous violations like hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state DMV in order to legally drive.
The information below highlights how traffic violations and at-fault claims can influence Honda Accord yearly insurance costs for different age groups of insureds. The rate quotes are based on a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
- Add-on coverages can add up – There are quite a few optional add-on coverages that may not really be needed when buying insurance. Coverages for roadside assistance, better glass coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment at first, but now you might not need them so eliminate the coverages to reduce your premium.
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Insurance loss statistics a Honda Accord – Companies use claims history when setting premium rates. Vehicles that tend to have a trend towards higher claims will have higher premium rates.
The table shown below demonstrates the insurance loss data used by companies for Honda Accord vehicles. For each type of coverage, the statistical loss for all vehicles averaged together is set at 100. Percentage values below 100 suggest losses that are better than average, while percentage numbers above 100 point to more frequent losses or an increased chance of a larger loss.
Insurance Loss Ratings for Honda Accord Vehicles Vehicle 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare but don’t skimp
While you’re price shopping online, don’t be tempted to sacrifice coverage to reduce premiums. Too many times, an insured cut full coverage to discover at claim time that the small savings ended up costing them much more. Your aim should be to find the BEST coverage at the best price, not the least amount of coverage.
We just presented a lot of information how to find cheaper Honda Accord insurance in Cleveland. The key concept to understand is the more providers you compare, the better your comparison will be. You may even find the biggest savings come from some of the lesser-known companies. Smaller companies may often insure only within specific states and give better rates as compared to the big name companies such as GEICO and State Farm.
Cost effective Honda Accord insurance can be found online in addition to many Cleveland insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies do not provide the ability to get a quote online and usually these small insurance companies only sell through independent agents.
More information
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for a Company Car in Cleveland? (FAQ)
- How Much is Cleveland Auto Insurance for a Jeep Wrangler? (FAQ)
- Who Has the Cheapest Cleveland Car Insurance Quotes for a Ford Explorer? (FAQ)
- Who Has Affordable Cleveland Car Insurance Quotes for Lyft Drivers? (FAQ)
- Who Has Cheap Auto Insurance Quotes for 16 Year Olds in Cleveland? (FAQ)
- How Much are Cleveland Auto Insurance Quotes for a Toyota Corolla? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- How to Avoid Common Accidents (State Farm)