Save Money on Honda Accord Crosstour Insurance in Cleveland

A study showed that most car insurance policyholders have stayed with the same insurance company for over three years, and practically 40% of car insurance customers have never compared rates with other companies. Cleveland drivers can save hundreds of dollars each year just by comparing rates, but they just don’t understand the large savings they would see if they switched.

Really, the only way to save money on auto insurance rates in Cleveland is to start comparing prices regularly from companies in Ohio.

1. Take a little time to learn about how companies set rates and the things you can change to keep rates low. Many rating factors that drive up the price such as speeding and a less-than-favorable credit history can be controlled by making small lifestyle or driving habit changes.
2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
3. Compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
4. Provide written notification to your current company of your intent to cancel your current policy. Submit a signed application and payment for the new policy. Once the application is submitted, place the new proof of insurance paperwork in an accessible location in your vehicle.

An important note is to make sure you enter identical coverages on every price quote and and to get rate quotes from as many different insurance providers as possible. Doing this enables a level playing field and many rates to choose from.

When comparison shopping, more quotes will enable you to find a lower rate.

The providers in the list below can provide price comparisons in Ohio. If you want the best cheap car insurance in Cleveland, it’s a good idea that you compare several of them to get a more complete price comparison.

Do you qualify for discounts on Honda Accord Crosstour insurance in Cleveland?

Car insurance can cost a lot, but you may qualify for discounts that can drop the cost substantially. Some of these discounts will be visible at the time you complete a quote, but some discounts are required to be inquired about prior to receiving the credit.

• Claim-Free Discount – Cleveland drivers who stay claim-free pay less as compared to frequent claim filers.
• Seat Belt Discounts – Buckling up and requiring all passengers to buckle their seat belts can save a little on medical payment and PIP coverage.
• Distant College Student Discount – Children who are attending college and won’t have access to an insured vehicle can receive lower rates.
• Driver Training Discounts – Taking time to complete a driver safety course could possibly earn you a 5% discount and make you a better driver.
• Buy New and Save – Insuring a vehicle that is new can save up to 30% since newer models are generally safer.

Don’t be surprised that many deductions do not apply to the overall cost of the policy. Most cut specific coverage prices like comp or med pay. So despite the fact that it appears adding up those discounts means a free policy, it’s just not the way it works.

The diagram below shows the difference between Honda Accord Crosstour annual premium costs with and without policy discounts. The price estimates are based on a male driver, no claims or driving citations, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, marriage, safe-driver, and claim-free discounts applied.

Large insurance companies and the discounts they provide are detailed below.

• State Farm may offer discounts for good student, driver’s education, accident-free, student away at school, safe vehicle, multiple policy, and multiple autos.
• American Family includes discounts for mySafetyValet, good driver, air bags, early bird, good student, accident-free, and defensive driver.
• GEICO may include discounts for membership and employees, five-year accident-free, air bags, emergency military deployment, and federal employee.
• 21st Century may have discounts that include student driver, 55 and older, early bird, theft prevention, good student, air bags, and homeowners.
• Progressive offers discounts including homeowner, continuous coverage, multi-vehicle, good student, online signing, online quote discount, and multi-policy.

When getting a coverage quote, ask every insurance company the best way to save money. A few discounts may not apply to policyholders in Cleveland. To view providers with the best Honda Accord Crosstour insurance discounts in Ohio, click this link.

Insurance rate breakdown

The coverage table below covers detailed analysis of insurance coverage prices for Honda Accord Crosstour models. Being able to understand how insurance policy rates are formulated is important for drivers to make smart choices when comparing insurance rates.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in Cleveland location which can influence price quotes substantially.

Higher deductibles lower rates

One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The rates below may help to illustrate the differences in price when you select higher and lower coverage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price information does not factor in vehicle garaging location which can alter coverage rates significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you about $10 more each month or $120 a year than requesting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at least 25 months between claims, you would save money if you decide on a higher deductible. The numbers below show the way we made this calculation.

The diagram below highlights how deductible selection and can raise or lower Honda Accord Crosstour annual premium costs for different age groups of insureds. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.

Rate increases following a ticket or accident

The illustration below illustrates how traffic citations and accident claims increase Honda Accord Crosstour auto insurance costs for each different age category. Data assumes a single male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

Cost difference between full coverage and liability

The illustration below illustrates the difference between Honda Accord Crosstour insurance rates when comparing full coverage to liability only. The information is based on a clean driving record, no claims, $100 deductibles, drivers are single, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no set rule for dropping physical damage coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Honda Accord Crosstour book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.