Save Money on Honda Accord Insurance in Toledo

Really, the only way to save on auto insurance rates in Toledo is to regularly compare quotes from providers in Ohio.

  1. Try to learn a little about how insurance companies determine prices and the steps you can take to keep rates in check. Many rating factors that are responsible for high rates such as traffic violations and an unfavorable credit rating can be eliminated by paying attention to minor details.
  2. Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
  3. Compare the new quotes to your existing coverage and determine if cheaper Accord coverage is available in Toledo. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.

A good tip to remember is to make sure you enter similar limits and deductibles on every quote request and and to get price quotes from as many companies as you can. This enables the most accurate price comparison and a thorough selection of prices.

Insurance quote for Honda Accord in ToledoIt’s easy to assume that auto insurance companies don’t want you to look for a cheaper policy. Consumers who shop around at least once a year will probably buy a different policy because there is a good chance of finding a lower-cost company. A survey found that drivers who routinely shopped for cheaper coverage saved over $3,400 over four years compared to policyholders who never shopped around.

If finding budget-friendly auto insurance is the reason you’re reading this, understanding how to compare insurance premiums can make it easier for you to save money.

Finding affordable coverage in Toledo is actually not that difficult if you follow our advice. If you have a current insurance policy, you stand a good chance to be able to reduce the price you pay using these techniques. But Ohio vehicle owners must understand how big insurance companies calculate your policy premium because rates are impacted by many factors.

The easiest way to compare rates for Honda Accord insurance in Toledo is to know the trick most insurance companies actually pay money for the chance to give you rate quotes. All you need to do is provide the companies a bit of rating information such as how old drivers are, how much school you completed, the year, make and model of vehicles, and if it has an anti-theft system. That rating data is submitted instantly to many of the top insurers and they return rate quotes within a short period of time.

To find lower lower-cost Honda Accord insurance rates now, click here and complete the form.

The providers in the list below are ready to provide price quotes in Ohio. If your goal is to find cheap auto insurance in Ohio, we recommend you visit two to three different companies to get the best price comparison.

Save with these discounts

Insuring your fleet can be pricey, but there may be some discounts to help offset the cost. A few discounts will automatically apply at the time of quoting, but less common discounts must be asked about prior to receiving the credit. If you’re not getting every credit you qualify for, you could be saving more on your auto insurance.Discount auto insurance

As is typical with insurance, some of the credits will not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

The information below visualizes the comparison of Honda Accord insurance premiums with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no violations or accidents, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, homeowner, multi-policy, and claim-free discounts applied.

Larger auto insurance companies and their possible discounts can be read below.

When comparing rates, check with every prospective company to give you their best rates. Some credits may not apply in your state.

Honda Accord detailed coverage information

The rate information below covers detailed analysis of rate quotes for Honda Accord models. Having knowledge of how car insurance premiums are formulated can help customers make decisions on which insurance to purchase.


Honda Accord Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $104 $188 $260 $16 $78 $646 $54
Accord EX 4-Dr Sedan $104 $188 $260 $16 $78 $646 $54
Accord LX-P 4-Dr Sedan $104 $188 $260 $16 $78 $646 $54
Accord EX-L 4-Dr Sedan $120 $228 $260 $16 $78 $702 $59
Accord EX 2-Dr Coupe $120 $270 $346 $20 $104 $860 $72
Accord LX-S 2-Dr Coupe $120 $270 $346 $20 $104 $860 $72
Accord EX-L 2-Dr Coupe $136 $270 $346 $20 $104 $876 $73
Get Your Own Custom Quote Go

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price estimates do not factor in Toledo location which can lower or raise coverage rates substantially.

Higher deductibles lower rates

A question often asked by Toledo drivers is at what level do you set your deductibles. The comparison tables below highlight the premium difference between high and low comp and collision deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.


Honda Accord insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord EX 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord LX-P 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord EX-L 4-Dr Sedan $196 $352 $192 $12 $58 $835 $70
Accord EX 2-Dr Coupe $196 $416 $256 $16 $76 $985 $82
Accord LX-S 2-Dr Coupe $196 $416 $256 $16 $76 $985 $82
Accord EX-L 2-Dr Coupe $220 $416 $256 $16 $76 $1,009 $84
Get Your Own Custom Quote Go

Honda Accord insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord EX 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord LX-P 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord EX-L 4-Dr Sedan $142 $238 $192 $12 $58 $642 $54
Accord EX 2-Dr Coupe $142 $280 $256 $16 $76 $770 $64
Accord LX-S 2-Dr Coupe $142 $280 $256 $16 $76 $770 $64
Accord EX-L 2-Dr Coupe $160 $280 $256 $16 $76 $788 $66
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in vehicle location which can affect auto insurance rates noticeably.

Based on the figures above, using a $100 deductible costs roughly $16 more each month or $192 for a full year averaged for all Accord models than selecting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 25 months between claims, you would save money if you choose the higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $72
Average monthly premium for $500 deductibles (subtract): – $56
Monthly savings from raising deductible: $16
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

Full coverage rates vs. liability-only

The illustration below illustrates the comparison of Honda Accord auto insurance rates with and without physical damage coverage. The price estimates are based on a clean driving record, no claims, $250 deductibles, single marital status, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no set guideline to eliminate full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Honda Accord book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few cases where dropping full coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Honda Accord Insurance Premium Factors

Consumers need to have an understanding of the rating factors that help calculate insurance rates. If you have some idea of what impacts premium levels, this allows you to make educated decisions that may result in cheaper rates.