What Car Insurance is Cheapest for a Honda Accord in Cleveland?

Finding cheap auto insurance for a Honda Accord doesn’t take a ton of time, but it hinges on a complex formula that considers things such as the mileage of your daily commute, if you have a tendency to file claims, and the deductible amount you use. Drivers in Ohio pay approximately $668 a year for Accord insurance, but that figure is based upon a 30-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.

But there is a high probability that you aren’t exactly 30 years old or even a male, possibly single instead of married, and you need different coverage limits than the sample rates. Just a very minor change in rating variables can make a big difference in rates.

Not everyone needs the same coverages, so the only way to find the cheapest coverage for your Honda is to do your own rate comparisons.

View Honda Accord Insurance Rates

The specific trim level will influence the annual cost of coverage, so the cost to insure a Accord LX 4-Dr Sedan will be $238 cheaper than the cost to insure the fancier Accord EX-L 2-Dr Coupe version, as demonstrated by the prices below.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price information does not factor in your specific Cleveland location which can increase or decrease coverage prices significantly.

Comparing rates for low-priced insurance is not the easiest thing to do, and figuring out which companies offer the most affordable car insurance rates for a Honda Accord involves more quotes for comparison. Every car insurance company has a different process to set premium rates, so we’ll go over the car insurance companies that tend to be cheaper in Cleveland.

We do need to point out that Cleveland, OH car insurance rates are impacted by many things which can substantially change the price you have to pay for coverage. Improving your credit score, buying another vehicle, or getting a driving violation can produce rate changes that can now make some companies more expensive than others.

Best Cheap Insurance Rates for Your Accord

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Utica National has some of the most affordable car insurance rates in Cleveland at around $647 each year. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the most economical Cleveland, OH insurance companies.

As shown in the rates above, if you currently have a policy with Allied and switched to Utica National, you could realize savings of about $50. Customers with Frankenmuth may save as much as $61 a year, and Travelers customers might reduce rates by $65 a year.

These rates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a specific location for a Honda Accord. So the insurer that is best for you may not even be in the top 33 companies in the list above. That points out the importance of why you need to get quotes using your own specific driver information and vehicle.

Full coverage rates vs. liability-only in Cleveland

Reducing premiums for car insurance is important to most drivers, and one easy way to buy cheaper insurance for a Honda Accord is to only pay for liability coverage. The diagram below shows the difference between yearly insurance costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no policy discounts are applied.

If averaged for all ages, full coverage on your policy costs an additional $1,601 per year more than insuring for liability only. Many of you may wonder if you should buy full coverage at all. There is no exact rule of when to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

The benefit of shopping around

Cleveland, OH car insurance rates are calculated based on many things that will increase or decrease the price of your policy. Simply improving your credit, moving to a different location, or having an accident may generate price changes that can cause some rates to be cheaper than competitors.

In addition, insurance companies modify rates as needed in order to maintain liquidity for claims. Unexpectedly high claims can cause additional premium costs, while lower claim expenses can cause cheaper Accord insurance rates.

To illustrate this point, the bar chart below shows the cheapest car insurance in Cleveland, OH for a 40-year-old female driver with a clean driving record, no accidents, and a good credit rating. Based on her current rating profile, Utica National might offer the lowest car insurance rates in Cleveland at $811 per year. This is $229 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA are the remaining top five cheapest Cleveland, OH auto insurance companies.

In this next rate comparison, we will give the driver in the first chart a chargeable claim, slightly worse credit, and a speeding ticket. Due to the fact that every auto insurer has a proprietary method to establish rates, comparing prices may now show a completely different list of companies as shown below.

Cincinnati Insurance now has the best auto insurance rate in Cleveland with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty also being competitive. This shows why it is crucial to shop around with many companies when trying to find the lowest insurance quotes for a Honda Accord. Rates are influenced by many things and change frequently, so the most affordable company when you bought your policy may now be quite expensive.