Compare Honda Accord Insurance Rate Quotes in Columbus

Trying to come up with a payment for high-priced insurance can empty your checking account and force you to cut corners elsewhere. Performing a price comparison is a smart way to lower your bills every month.

It’s a fact that insurance companies don’t want you shop around. Drivers who shop for lower prices will, in all likelihood, switch companies because they stand a good chance of finding a policy with better rates. A recent insurance study discovered that drivers who compared rates annually saved as much as $865 annually compared to policyholders who never shopped around for cheaper prices.

If finding the most affordable car insurance in Columbus is your target objective, learning the best ways to shop for insurance premiums can help make the process easier.

How to find cheaper rates for Honda Accord insurance in Columbus

The preferred way to get affordable Honda Accord insurance in Columbus is to compare prices annually from different companies who sell insurance in Ohio.

Step 1: Take a little time to learn about what coverages are included in your policy and the things you can control to keep rates in check. Many rating factors that cause rate increases such as high-risk driving behaviors and bad credit can be remedied by making minor changes in your lifestyle. Continue reading for more information to get cheaper rates and find hidden discounts.

Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents 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 companies. Click to view companies

Step 3: Compare the new rates to your current policy premium and determine if cheaper Accord coverage is available in Columbus. If you find a lower rate quote and make a switch, ensure coverage does not lapse between policies.

Step 4: Give notification to your agent or company of your decision to cancel your existing policy and submit a signed application and payment to your new company or agent. As soon as coverage is bound, put the new certificate of insurance with your registration paperwork.

The most important part of this process is that you’ll want to compare the same physical damage deductibles and liability limits on every price quote and to quote with all possible companies. Doing this provides a level playing field and a complete rate analysis.

Lots of insurers contend for your insurance dollar, and because of this it can be hard to compare insurers and get the definite best price available on Honda Accord insurance in Columbus.

It’s a good idea to quote other rates every six months because insurance prices go up and down regularly. Despite the fact that you may have had the best price on Honda Accord insurance in Columbus on your last policy you will most likely find a better rate today. You’ll find quite a bit of inaccurate information about Accord insurance on the internet, but you can learn a lot of great tips on how to find affordable insurance in Columbus.

When looking for affordable Honda Accord insurance quotes, there are a couple ways to compare quotes from auto insurance companies in your area. The easiest way by far to compare insurance prices is to perform an online rate comparison.

Comparing quotes online is fast and free, and it takes the place of having to go to and from local insurance agencies. Comparing Honda Accord insurance rate quotes online reduces the need to sit down with an agent unless your situation requires the trained advice that only a licensed agent can provide. However, consumers can compare online quotes but have your policy serviced through an agent. When comparing auto insurance rates, know that comparing more prices will enable you to find more affordable rates.

The car insurance companies shown below provide quotes in Columbus, OH. If multiple providers are shown, it’s a good idea that you click on several of them in order to find the lowest rates.

Take advantage of these discounts on Honda Accord insurance in Columbus

Auto insurance companies don’t list every policy discount very well, so the following list contains some of the best known in addition to some of the lesser obvious discounts that you can inquire about if you buy Columbus car insurance online.

• Policy Bundle Discount – If you can combine your homeowners and auto policy with one insurance company you may save nearly 15% which can help you find cheap Accord insurance.
• Drivers Education – Cut your cost by having your teen driver successfully take a driver’s education course as it will make them better drivers and lower rates.
• Seat Belt Discounts – Drivers who require all vehicle occupants to buckle up before driving could save 15% off PIP or medical payments premium.
• Telematics Discount – Drivers that enable their insurance company to look at vehicle usage through the use of a telematics system such as State Farm’s In-Drive could see a rate decrease if they show good driving skills.
• Senior Discount – If you’re over the age of 55, you may qualify for lower premium rates.
• Clubs and Organizations – Being in a civic or occupational organization in Columbus could qualify you for a break on your bill.
• Save with More Vehicles Insured – Purchasing coverage when you have primary and secondary vehicles on the same insurance policy may reduce the rate for each vehicle.
• Columbus Homeowners Discount – Just being a homeowner may trigger a policy discount on insurance since owning and maintaining a home requires personal responsibility.
• Paperwork-free – A handful of insurance companies will give a small break get Columbus car insurance on their website.
• ABS Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents and therefore earn up to a 10% discount.

Don’t be surprised that most of the big mark downs will not be given to your bottom line cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

The diagram below visualizes the comparison of Honda Accord insurance costs with and without some available policy discounts. The rates are based on a male driver, a clean driving record, no at-fault accidents, 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 safe-driver, multi-policy, homeowner, claim-free, multi-car, and marriage discounts applied.

If you would like to see a list of insurance companies that can offer you the previously mentioned discounts in Columbus, click here.

Analysis of coverages

The rate table shown next showcases detailed analysis of prices for Honda Accord models. Being more informed about how rate quotes are calculated can be useful when making smart buying decisions.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Columbus garaging location which can impact coverage prices substantially.

Higher deductibles save money

The hardest decision when buying coverage is where should you set your physical damage deductibles. The following insurance rates may aid in understanding the premium difference between low and high policy deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Prices do not factor in specific Columbus garaging location which can change rates substantially.

We can estimate from the data above that using a $250 deductible costs approximately $17 more each month or $204 for a full year than opting for the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 44 months between claims, you would probably come out ahead if you choose the higher deductible. The table below shows a better example of how you can make your own decision.

The chart below shows how different deductible levels and can increase or decrease Honda Accord insurance costs for different age groups. The data is based on a single female driver, full coverage, and no additional discounts are factored in.

Impact of violations and accidents on rates

The example below shows how speeding tickets and at-fault fender-benders can raise Honda Accord auto insurance rates for each different age group. The prices are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

Comparison of full coverage and liability-only policies

The information below shows the comparison of Honda Accord auto insurance rates when comparing full coverage to state minimum liability only. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no written rule for excluding physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your Honda Accord replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the deductible is paid. If premiums are more than $500 annually for full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Why Smart Consumers Pay Less for Honda Accord Insurance

It’s important that you understand a few of the rating criteria that aid in calculating your policy premiums. If you have some idea of what determines base rates, this empowers consumers to make smart changes that can earn you better insurance rates. Multiple criteria are used in the calculation when premium rates are determined. Some are pretty understandable such as traffic violations, but some are not quite as obvious like your continuous coverage or your vehicle rating.

The itemized list below are some of the items that factor into your rates.

• Your age impacts your rates – More experienced drivers are more responsible, tend to file fewer claims, and get fewer tickets. Teen drivers tend to be easily distracted in a vehicle so insurance rates are higher.

  The following data uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Vehicle options that cut insurance rates – Choosing a vehicle that has an advanced theft prevention system can help lower your premiums. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder auto theft.
• Lower mileage equals lower premium – Driving more miles each year the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage determined by how the vehicle is used. Vehicles not used for work or commuting receive better premium rates than cars that get driven a lot. Having an incorrect usage rating on your Accord is just wasting money. Verify your policy is showing annual mileage.
• Certain vocations raise rates – Did you know your insurance rates can be affected by your occupation? Occupations such as military personnel, air traffic controllers, and emergency personnel generally pay the highest average rates because of job stress and lots of time spent away from family. On the other hand, jobs such as scientists, historians and performers have the lowest average rates.

• Honda Accord insurance loss data – Auto insurance companies use statistical claims data when determining insurance prices. Models that the data determines to have higher claim amounts or frequency will cost more for specific coverages.

  The table below illustrates the collected loss data for Honda Accord vehicles. For each coverage category, the loss probability for all vehicles as a whole is a value of 100. Numbers shown that are under 100 suggest a positive loss record, while values over 100 show a trend for more claims or an increased likelihood of larger losses.

  
  

  Honda Accord Insurance Loss Statistics

  Vehicle Make and 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years