Who Has Cheap Insurance Quotes for a Honda Accord in Oklahoma?

Who Has Cheap Insurance Quotes for a Honda Accord in Oklahoma?

Since we’re writing about auto insurance, the words “affordable” or “cheap” really shouldn’t be used anywhere in the article to describe car insurance prices. Notwithstanding, cheap car insurance for a Honda Accord may be a thing of the past. Don’t let that bother you, though, because we will show you how you can quote auto insurance that is cheaper than what you are paying now.

The chances of buying cheaper auto insurance for a Honda Accord in Oklahoma is dependent upon a lot of rating criteria such as annual miles driven, if you have ever let your coverage lapse, and citations on your driving record. Oklahoma drivers on average will pay $1,130 a year to insure an Accord, but that rate is a valuation based on rates for a 40-year-old married male driver that purchased comprehensive and collision coverage and $500 physical damage deductibles.

Chances are that rate is not what you would pay, because most likely you are not exactly 40 years old and possibly not even male, single instead of married, or maybe you live in a different part of Oklahoma than the example. Even a slight change in policy rating variables can result in big changes in the amount insurance costs for a Honda Accord.

Each driver’s needs are different, and that demonstrates why the only real way to find cheap insurance rates for your Honda is to just compare rates yourself. To start saving now, get free quotes and you can get prices from top-rated companies around.

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Your Honda’s trim level will most likely have an effect on the yearly cost, so the price you will be charged to insure a Accord LX 4-Dr Sedan will be $394 less than the price to insure the more well-appointed Accord EX-L 2-Dr Coupe version, as shown in the table below.

Honda Accord Insurance Rates in Oklahoma
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $224 $356 $392 $24 $118 $1,114 $93
Accord EX 4-Dr Sedan $224 $356 $392 $24 $118 $1,114 $93
Accord LX-P 4-Dr Sedan $224 $356 $392 $24 $118 $1,114 $93
Accord EX-L 4-Dr Sedan $256 $434 $392 $24 $118 $1,224 $102
Accord EX 2-Dr Coupe $256 $510 $522 $30 $156 $1,474 $123
Accord LX-S 2-Dr Coupe $256 $510 $522 $30 $156 $1,474 $123
Accord EX-L 2-Dr Coupe $290 $510 $522 $30 $156 $1,508 $126
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Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rates do not factor in specific garaging location which can decrease or increase prices significantly.

Picking a high-quality insurance provider can be rather challenging considering how many different companies insure vehicles in Oklahoma. The rank data in the next section may help you select which car insurance providers you want to consider when comparing auto insurance rates for a Honda Accord.

These rankings include large, nationwide insurance companies, so companies that only write business in Oklahoma or surrounding areas will not be included in the list. If you’d like to compare prices from the insurers below and more, click this link.

Top 10 Large Car Insurance Companies in Oklahoma Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. The Hartford

Top Companies for Honda Accord Insurance in Oklahoma

Price comparison of only insuring for liability

Finding cheap insurance for a Honda Accord in Oklahoma should be important to most vehicle owners, and a great way to lower the cost of insurance is to not buy comprehensive and collision coverage. The illustration below shows the difference between car insurance rates with full coverage and liability only. The premiums are based on no claims or driving citations, $500 deductibles, drivers are not married, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 4829,1789],[‘Age 30’, 2497,977],[‘Age 40’, 2457,905],[‘Age 50’, 2243,847],[‘Age 60’, 2173,831],[‘Age 70’, 2689,1115]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Oklahoma’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged for all ages 20 through 70, full coverage on your policy costs $2,815 per year over and above liability only. Many people question if you should buy full coverage. There is no clear-cut rule for dropping full coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s book value is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $8,500 after paying your policy deductible. If you are paying more than $850 a year for full coverage, then you may need to consider dropping full coverage.

The information below shows how choosing a deductible can change insurance costs when quoting cheap insurance for a Honda Accord. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3577,3289,2975,2675],[‘Age 30’, 2485,2275,2035,1803],[‘Age 40’, 2303,2111,1897,1687],[‘Age 50’, 2013,1849,1659,1475],[‘Age 60’, 1945,1785,1603,1429],[‘Age 70’, 2261,2079,1877,1685]]);var options = {title: ‘Effect of Deductibles on Honda Accord Insurance Rates in Oklahoma’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 30-year-old driver could pocket $406 a year by increasing from a $100 deductible up to a $500 deductible, or save $616 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could save as much as $902 every year by choosing a higher deductible.

If you make the decision to raise deductibles, it will now be necessary to have enough spare savings to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.