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

Buying cheap insurance for a Honda Accord can be really easy, but it hinges on an enormous amount of rating factors such as how old the vehicle is, the condition of your credit, and physical damage deductibles. Drivers will pay on average $593 each year to insure their Accord, but that price is an estimation calculated using a 40-year-old single male driver with full coverage and $1,000 deductibles.

But there is a good chance that you are not 40 and maybe not even a male, possibly married instead of single, and maybe you want higher deductibles. Having just a slight change in rating factors or requested coverage amount could end up with a large change in the cost of insurance.

Auto insurance is unique to each driver, so the way we recommend to find cheap car insurance rates for your Honda is to compare as many rates as possible.

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The specific model of Accord has an effect on price, so the price you will be charged to insure a Accord LX 4-Dr Sedan trim level will be $206 cheaper than the insurance cost for the higher-priced Accord EX-L 2-Dr Coupe model, as shown by the rates below.

Honda Accord Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $92 $176 $234 $14 $70 $586 $49
Accord EX 4-Dr Sedan $92 $176 $234 $14 $70 $586 $49
Accord LX-P 4-Dr Sedan $92 $176 $234 $14 $70 $586 $49
Accord EX-L 4-Dr Sedan $106 $214 $234 $14 $70 $638 $53
Accord EX 2-Dr Coupe $106 $252 $310 $18 $92 $778 $65
Accord LX-S 2-Dr Coupe $106 $252 $310 $18 $92 $778 $65
Accord EX-L 2-Dr Coupe $120 $252 $310 $18 $92 $792 $66
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in vehicle location which can revise rates substantially.

Deciding which company has the best insurance rates for a Honda Accord will require a little more sweat in order to find the most economical policy. Every car insurance company has a unique approach to determine rates, so we need to take a look at the most budget-friendly insurance companies in Toledo.

Best Auto Insurance Prices for Your Accord

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Cheapest auto insurance in Ohio ranked by cost per year
Rank Company Cost Per Year
1 Utica National $628
2 Erie $661
3 Allied $676
4 Frankenmuth $701
5 Travelers $705
6 USAA $741
7 Merchants Insurance Group $748
8 Cincinnati Insurance $772
9 Motorists Mutual $792
10 Grange Mutual $828
11 General Casualty $829
12 Central Mutual $840
13 Hastings Mutual $884
14 State Farm $894
15 Atlantic States $931
16 Westfield $946
17 Auto-Owners $958
18 Western Reserve $961
19 Nationwide $988
20 Progressive $991
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Utica National normally has some of the most affordable car insurance rates in Toledo at around $628 annually. This is $412 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the cheaper Toledo, OH auto insurance companies.

As the rates illustrate above, if you are a policyholder with Erie and switched to Utica National, you might achieve yearly savings of approximately $33. Ohio drivers with Allied could save as much as $48 a year, and Frankenmuth policyholders might lower prices by up to $73 a year.

If you would like to find cheaper car insurance rates, click here or visit any of the low-priced companies below.

It’s important to note that these policy rates are averaged across all drivers and vehicles and are not factoring in an exact zip code location for a Honda Accord. So the car insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to quote rates from many companies using your own individual information.

Reckless driving habits raise insurance rates

A great way to get cheap insurance premiums in Toledo for an Accord is to be a safe driver and avoid at-fault accidents and violations. The example below demonstrates how speeding tickets and accident claims increase insurance premiums for different age groups. The premiums are based on a married male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

In the previous example, the average cost of car insurance per year with a clean driving record and no accidents is $1,008. Receive two speeding tickets and the average cost surges to $1,387, an increase of $379 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for a Honda Accord jumps again to an average of $1,767. That’s an increase of $759, or $63 per month, just for being a little careless behind the wheel!

Why it’s important to shop around

Toledo insurance rates are based on many factors that may substantially change the policy price. Getting older, buying another vehicle, or getting a speeding ticket can cause premium changes that can now make some companies cheaper than competitors.

Not only may your risk profile change, but car insurance companies change the rates they charge in Ohio at least once a year in order to be able to pay unexpected claims. An unexpected high level of claims may result in additional price hikes, while profitable underwriting may result in cheaper Accord insurance rates.

For instance, the bar chart below shows a variety of companies that have the cheapest car insurance in Toledo, OH for a 45-year-old female driver with a clean driving record, no accidents, and good credit. If we estimate rates based on her current rating profile, Utica National may have the lowest car insurance rates in Toledo at $825 per year. This is $215 less than the average price paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are the rest of the top five cheapest Toledo, OH auto insurance companies.

The next chart shows rates after we give the driver in the first chart a couple of claims, less-than-perfect credit, and a stop sign violation. Since each auto insurer has a different formula for determining prices, analyzing rates could result in a different list of the cheapest Toledo car insurance companies as shown below.

Merchants Insurance Group now has the best auto insurance rate in Toledo, OH with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty now rounding out the top five. This illustrates why Toledo drivers need to shop around with many companies when trying to find the most budget-friendly auto insurance quotes for a Honda Accord.

Car insurance prices can be determined by many things and can change without notice, so the most economical company the last time you shopped your coverage around may now not even be in the top five.

How to find low-cost insurance for a Honda Accord

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help Ohio drivers quote more affordable auto insurance.

The last tip in the list is remarkably valuable, as was stressed in this piece. Prices charged by companies can be modified anytime, so don’t be unwilling to change to a new company if a cheaper rate is available. Staying with the same car insurance company is fine, but it isn’t a good idea if that faithfulness ends up costing you money that could be used for better things. Now is a great time to shop around to find cheaper auto insurance for a Honda Accord in Toledo.

The agents shown below are willing to help you make a decision which car insurance policy is best, since lots of people like to have a little guidance when buying car insurance for an Accord. It’s not always easy to find the best policy yourself, so getting advice from a licensed Ohio insurance agent can bring comfort knowing your policy gives you sufficient coverage for your assets.

To find a Toledo insurance agency closest to you, click the button at the bottom of the list or click here to compare price quotes.

Great Lakes Insurance Partners
5215 Monroe St # 2Toledo, OH 43623(419) 841-2000

Mann Insurance
3005 Douglas RdToledo, OH 43606(419) 255-0040

Allstate Insurance: Arrow Dickerson
5415 Monroe St #2aToledo, OH 43623(419) 841-5017

Nathan Ensey – State Farm Insurance Agent
4024 N Holland Sylvania Rd Ste 6Toledo, OH 43623(419) 517-8811

Park and Co Insurance
5749 Park Center CtToledo, OH 43615(419) 474-8135

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