Want to learn the secrets to finding cheaper Honda Odyssey insurance in Evansville? Saving money on Honda Odyssey insurance in Evansville can seem to be a challenge for people who are new to online price comparisons. With such a large number of insurers available, it can be a difficult challenge to locate the lowest premium rates.

Discount Honda Odyssey insuranceRegrettably, a large majority of auto insurance policyholders have stayed with the same insurance company for over three years, and roughly 40% of drivers have never even shopped around for cheaper coverage. The average driver in Evansville can save hundreds of dollars each year just by comparing rates, but most undervalue the rate savings if they replace their high priced policy.

Best companies for Honda Odyssey insurance

The companies shown below are ready to provide free quotes in Indiana. If several companies are displayed, we suggest you visit two to three different companies to get a more complete price comparison.

Honda Odyssey Insurance Rate Estimates in Evansville, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $100 $186 $294 $18 $88 $686 $57
Odyssey EX $186 $420 $340 $20 $102 $1,068 $89
Odyssey EX W/Rear Entertainment $106 $212 $290 $18 $86 $712 $59
Odyssey EX-L $152 $358 $318 $18 $94 $940 $78
Odyssey EX-L W/Rear Entertainment $186 $422 $318 $18 $94 $1,038 $87
Odyssey EX-L W/Navigation $196 $428 $380 $22 $114 $1,140 $95
Odyssey Touring $192 $392 $364 $22 $110 $1,080 $90
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Information does not factor in your specific Evansville location which can impact coverage prices substantially.

Analysis of deductible levels

When buying car insurance, a common question is how high should the deductibles for physical damage be. The rates shown below illustrate the cost difference between high and low physical damage coverage deductibles. The first rate table uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.

Honda Odyssey insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $210 $358 $280 $16 $84 $973 $81
Odyssey EX $210 $436 $280 $16 $84 $1,051 $88
Odyssey EX W/Rear Entertainment $210 $436 $280 $16 $84 $1,051 $88
Odyssey EX-L $242 $514 $280 $16 $84 $1,161 $97
Odyssey EX-L W/Rear Entertainment $242 $514 $280 $16 $84 $1,161 $97
Odyssey EX-L W/Navigation $242 $514 $280 $16 $84 $1,161 $97
Odyssey Touring $272 $514 $280 $16 $84 $1,191 $99
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Honda Odyssey insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $116 $188 $280 $16 $84 $684 $57
Odyssey EX $116 $230 $280 $16 $84 $726 $61
Odyssey EX W/Rear Entertainment $116 $230 $280 $16 $84 $726 $61
Odyssey EX-L $134 $270 $280 $16 $84 $784 $65
Odyssey EX-L W/Rear Entertainment $134 $270 $280 $16 $84 $784 $65
Odyssey EX-L W/Navigation $134 $270 $280 $16 $84 $784 $65
Odyssey Touring $152 $270 $280 $16 $84 $802 $67
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in vehicle location which can increase or decrease coverage prices significantly.

Based on these figures, using a $100 deductible will cost you approximately $29 more each month or $348 every year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 31 months between claims, you would save money if you choose the higher deductible.

Take advantage of these discounts

Insurance can be prohibitively expensive, but you may qualify for discounts that can help lower your rates. A few discounts will be applied at the time of purchase, but a few need to be asked for prior to getting the savings.Discount car insurance

Discounts lower rates, but most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you could get a free car insurance policy, you're out of luck. But all discounts will reduce your car insurance premiums.

If you would like to view car insurance companies that offer many of these discounts in Evansville, click here to view.

The Honda Odyssey Insurance Cost Equation

One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that aid in calculating insurance rates. When you know what positively or negatively determines base rates, this allows you to make good choices that can help you get lower premium levels.

The following are some of the factors used by your company to calculate rates.

Poor credit decisions can cost you - A driver's credit history is a big factor in determining what you pay. If your credit score is lower than you'd like, you could save money insuring your Honda Odyssey by improving your credit score. Insureds with high credit ratings tend to be better drivers and file fewer claims than those with worse credit.

Reserve claims for larger damages - Car insurance companies in Indiana provide the best rates to people who do not rely on their insurance for small claims. If you're an insured who likes to file claims you can definitely plan on either higher rates or even cancellation. Your car insurance is intended for the large, substantial claims.

Women tend to be lower risk - Statistics have proven that females tend to be a little less risky than males. The data does not necessarily mean that women are better drivers. They both tend to get into accidents at about the same rate, but the males have accidents that have higher claims. Not only that, but men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.

How's your driving record? - Your driving citation history has a huge affect on how much you pay. Drivers who don't get tickets get better prices than bad drivers. Getting just one ticket can increase the cost of insurance substantially. People who have flagrant violations like hit and run, DWI or reckless driving convictions are required to prove financial responsibility with their state's department of motor vehicles in order to legally drive.

Multiple policies with one company can save - Most insurance companies will award lower prices for people that purchase more than one policy such as combining an auto and homeowners policy. The amount of the discounts can be ten or even up to twenty percent in some cases. Even with this discount applied, you may still want to compare other Evansville Odyssey insurance rates to ensure the best deal.

Insurance losses for a Honda Odyssey - Insurance companies use historical loss data as a tool for profitable underwriting. Vehicles that historically have increased claim numbers or amounts will have higher premium rates.

The table below shows the historical loss data for Honda Odyssey vehicles. For each insurance policy coverage type, the statistical loss for all vehicles averaged together is represented as 100. Values that are 100 or less mean the vehicle has better than average losses, while percentages above 100 indicate more frequent claims or statistically larger claims.

Auto Insurance Loss Data for Honda Odyssey Models

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Odyssey 78 83 75 82 78 71
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

There's no such thing as the perfect car insurance policy

Keep in mind that when it comes to choosing the right insurance coverage, there isn't really a one-size-fits-all type of policy. Everyone's situation is unique so your insurance needs to address that.Safe vehicles cost less to insure These are some specific questions can help discover if you would benefit from professional advice.

If you can't answer these questions, then you may want to think about talking to a licensed insurance agent. If you don't have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Shop online but buy locally

Some people just want to go talk to an agent. A good thing about getting online price quotes is you can get cheaper premium rates and still have a local agent.

Evansville insurance agentsOnce you complete this form (opens in new window), your insurance coverage information is emailed to participating agents in Evansville that can provide free Evansville car insurance quotes for your insurance coverage. You never need to find an agent due to the fact that quote results will go to your email. You can find the lowest rates without the usual hassles of price shopping. If you want to quote rates from a specific company, you just need to search and find their rate quote page and complete a quote there.

Finding the right company shouldn't rely on just the price. Here are some questions you might want to ask.

Once you have positive responses to your questions as well as a affordable price, chances are good that you have found a company that is professional and can service your policy. But keep in mind it's your policy and you can cancel coverage for any reason so never feel that you are obligated to a specific company with no way out.

Do you really save 40% when you switch?

Auto insurance companies such as GEICO, State Farm and Progressive consistently run ads on TV and radio. They all tend to make the same promise about saving some big amount if you change to them. It sounds good, but how can they all have lower policy pricing? This is how they do it.

Companies require specific criteria for the type of driver that is profitable for them. A good example of a desirable insured might be described as between the ages of 30 and 50, owns their home, and chooses high deductibles. A customer getting a price quote that hits that "sweet spot" will probably get the lowest premium rates and therefore will save quite a bit of money when switching.

Potential customers who do not match those standards must pay higher premiums and ends up with the prospect going elsewhere. If you listen to the ad wording, they say "customers who switch" not "everybody who quotes" save money. That's why insurance companies can make claims like that. That is why drivers must do a quote comparison often. It's impossible to know which auto insurance company will provide you with the cheapest Honda Odyssey insurance in Evansville.

Quote more and you will save more

Lower-priced auto insurance in Evansville is definitely available from both online companies and from local agencies, so you need to quote Evansville car insurance with both in order to have the best price selection to choose from. Some insurance providers do not provide price quotes online and many times these small, regional companies only sell coverage through independent agents.

As you quote Evansville car insurance, it's a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage at a price you can afford, but don't skip important coverages to save money.

We just covered a lot of information how to compare Honda Odyssey insurance premium rates in Evansville. The key thing to remember is the more times you quote, the better likelihood of getting affordable Evansville car insurance quotes. Drivers may even discover the lowest premium rates are with an unexpected company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like GEICO and State Farm.

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