Finding competitive car insurance for a Honda Accord in Ohio is fairly easy, but it is dependent upon a complicated rating formula that uses factors such as whether you are male or female, if you have recent claims, and blemishes on your driving record. Drivers will pay on average $512 each year for Accord insurance, but that figure is an estimate calculated based on a 50-year-old married female driver with full physical damage coverage and $500 deductibles.
But there is a good chance that you aren’t exactly 50 years old or even a female, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. The different assumptions illustrate why the best method for finding the cheapest rates for your Honda is to put in the effort to do a thorough rate comparison. In less than five minutes you will get price quotes from the cheapest companies that insure Honda vehicles in Ohio.
The specific model of Accord has an effect on price, so the price you pay to insure a Accord LX 4-Dr Sedan model will be $182 cheaper than the insurance cost for the more expensive Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$96||$162||$182||$10||$54||$504||$42|
|Accord EX 4-Dr Sedan||$96||$162||$182||$10||$54||$504||$42|
|Accord LX-P 4-Dr Sedan||$96||$162||$182||$10||$54||$504||$42|
|Accord EX-L 4-Dr Sedan||$110||$198||$182||$10||$54||$554||$46|
|Accord EX 2-Dr Coupe||$110||$234||$242||$14||$72||$672||$56|
|Accord LX-S 2-Dr Coupe||$110||$234||$242||$14||$72||$672||$56|
|Accord EX-L 2-Dr Coupe||$124||$234||$242||$14||$72||$686||$57|
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price information does not factor in specific location which can influence coverage rates significantly.
Finding out which insurers offer the most affordable car insurance rates for a Honda Accord will involve a little more sweat in order to find the most economical policy. Each auto insurance company has a proprietary method for setting rates, so we need to take a look at the car insurance companies with the overall best prices in Ohio.
It’s a good idea to be aware that Columbus, OH car insurance rates are influenced by many factors that can increase your annual premium. Turning one year older, buying a different vehicle, or getting a reckless driving citation may cause policy rate changes that can make some companies more affordable than the competition.
Find the Cheapest Auto Insurance for Your Accord
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$755|
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Utica National has some of the lowest car insurance rates in Columbus at around $635 per year. Erie, Allied, Frankenmuth, and Travelers also make the cut as some of the cheapest Columbus, OH car insurance companies.
As shown in the table above, if you are a customer of Travelers and switched to Erie, you may see an annual premium reduction of upwards of $65. Insureds with USAA may save as much as $80 a year, and Cincinnati Insurance insureds might reduce rates by $88 a year.
To find the cheapest coverage for you, click here to start your custom quote or click through to the companies below.
It’s important to note that these estimates are averaged for all drivers and vehicles and and are not calculated with an exact location for a Honda Accord. So the insurer that is best for you may not even be in the list above. That points out the importance of why you need to get quotes using your own specific driver information and vehicle.
Impact of speeding/accidents on Columbus car insurance rates
The best way to score good car insurance premiums for an Accord is to drive cautiously and maintain a clean driving record. The information below illustrates how traffic citations and at-fault collisions drive up insurance premiums for each different age category. The price estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the chart above, the average cost of auto insurance in Columbus per year with no accidents or violations is $833. Add in one speeding ticket and the average cost increases to $969, an increase of $136 each year. Next add one accident along with the one speeding ticket and the annual cost of car insurance for a Honda Accord increases to an average of $1,346. That’s an increase of $513, or $43 per month, just for being a little careless behind the wheel!
Who has the cheapest Accord insurance?
Columbus, OH car insurance rates are based on many factors that will increase or decrease the cost of having a policy. Simply having another birthday, buying a home, or having an accident may generate price changes that can cause some rates to be cheaper than competitors. And not only may your rating factors change, but car insurance companies modify pricing as needed to help ensure profitability. Higher than usual claims can result in higher rates, while a better claims history may cause lower-priced Accord insurance rates.
For instance, the graph below analyzes the cheapest car insurance in Columbus, OH for a 30-year-old female driver with a good driving record, no prior claims, and solid credit. If we estimate prices based on her personal profile, Utica National might offer the cheapest car insurance rates in Columbus at $804 annually. This is $236 less than the average policy premium paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and Travelers also make the list of the cheapest Columbus, OH auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a chargeable claim, a lower credit rating, and a couple of points charged on her driving record. Because every insurance company has a different formula to establish rates, comparing rates may result in a different list of the cheapest companies as shown below.
Merchants Insurance Group now has the cheapest auto insurance in Columbus with Cincinnati Insurance, Motorists Mutual, General Casualty, and Grange Mutual also being competitive. This illustrates why Ohio drivers need to spend some time comparing rates when trying to get the cheapest insurance rates for a Honda Accord.
Insurance prices are made up of many risk factors and change frequently, so the most economical option the last time you compared rates may now be quite expensive.