How to Save on Houston Honda Odyssey Insurance

Honda Odyssey insurance cost
Honda Odyssey insurance cost image courtesy of QuoteInspector.com

Insurance rates Honda Odyssey in HoustonDo you want an efficient way to compare more competitive Honda Odyssey insurance in Houston? Searching for the cheapest insurance for a new or used Honda Odyssey in Texas can normally be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates. There are more efficient ways to compare auto insurance rates so we're going to tell you the proper way to price shop coverage for your Honda and locate the lowest price from both online companies and Houston agents.

It's a good habit to check auto insurance prices once or twice a year since insurance prices change frequently. Despite the fact that you may have had the best deal on Honda Odyssey insurance in Houston a few years ago you can probably find a better rate quote now. Forget anything you know (or think you know) about auto insurance because you're about to find out the best way to get good coverage on Honda Odyssey insurance in Houston at a lower rate.

If you have a current car insurance policy or need new coverage, you can use these tips to lower your rates and possibly find even better coverage. Comparing rates for the lowest cost car insurance policy in Houston is quite easy. Drivers just need to understand the most efficient way to quote multiple rates using one simple form.

Choices You Make Can Impact Your Insurance Prices

When buying insurance it's important to understand the rating factors that play a part in calculating the price you pay for insurance. If you understand what determines premiums, this allows you to make good choices that will entitle you to big savings. Lots of factors are used in the calculation when premium rates are determined. Some factors are common sense such as your driving history, but other criteria are less apparent such as your marital status or your vehicle rating.

The list below includes some of the most common factors utilized by car insurance companies to help set premiums.

Expect high rates for teens - Teenage drivers in Texas are statistically shown to get distracted easily behind the wheel so insurance rates are higher. Parents adding a beginning driver to your insurance policy can be very expensive. More mature drivers are more responsible, are lower risk to insure, and are generally more financially stable.

Rates can drop if you have more than one policy - The majority of insurance companies allow better rates for people who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to as much as ten percent or more Even with this discount, drivers will still want to comparison shop to help ensure you have the lowest rates. It's possible to still find a better deal by insuring with multiple companies.

Premiums are affected by your credit score - An insured's credit history factor in your rate calculation. Therefore, if your credit score is not that good, you could potentially save money when insuring your Honda Odyssey by taking the time to improve your credit score. Insureds with high credit scores tend to file fewer claims than drivers with bad credit.

Responsible drivers pay better prices - A bad driving record impacts your car insurance rates tremendously. Attentive drivers pay less for auto insurance than their less careful counterparts. Only having one speeding ticket can bump up the cost substantially. Drivers who get careless tickets like DUI, reckless driving or excessive speeding may need to file a SR-22 with their state motor vehicle department in order to continue driving.

No policy claims equals cheaper rates - Auto insurance companies in Texas provide discounts to insureds that do not abuse their auto insurance. If you are a frequent claim filer, you can definitely plan on higher premiums or even policy non-renewal. Your insurance policy is designed for larger claims.

Pay less with a high NHTSA crash test rating - Safer cars are cheaper to insure. Vehicles engineered for safety result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims which can mean better rates for you. If your Honda Odyssey has ratings of a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.

Rate your vehicle for proper use - The more you drive your Honda in a year's time the more you'll pay to insure it. Most insurance companies charge to insure your cars based upon how much you drive. Autos that have low annual miles can get a lower rate than vehicles that have high annual mileage. It's a good idea to make sure your insurance coverage states the correct driver usage, because it can save money. An incorrectly rated Odyssey is just wasting money.

Honda Odyssey claim probability - Insurers include the past claim history for a vehicle when setting premium rates. Models that the data shows to have higher claim frequency or loss amount will have higher premium rates. The table below demonstrates the collected loss data for Honda Odyssey vehicles.

For each coverage type, the loss probability for all vehicles, regardless of make or model, is considered to be 100. Values under 100 mean the vehicle has better than average losses, while values over 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

Honda Odyssey Insurance Claim Statistics

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

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

The companies shown below have been selected to offer free rate quotes in Houston, TX. If the list has multiple companies, it's highly recommended you get rate quotes from several of them to get a more complete price comparison.

Honda Odyssey Insurance Rate Estimates in Houston, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $260 $448 $392 $24 $118 $1,242 $104
Odyssey EX $144 $288 $392 $24 $118 $966 $81
Odyssey EX W/Rear Entertainment $220 $486 $400 $24 $120 $1,250 $104
Odyssey EX-L $230 $532 $496 $30 $148 $1,436 $120
Odyssey EX-L W/Rear Entertainment $176 $360 $388 $24 $116 $1,064 $89
Odyssey EX-L W/Navigation $206 $462 $430 $26 $128 $1,252 $104
Odyssey Touring $302 $538 $392 $24 $118 $1,374 $115
Get Your Own Custom Quote Go

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in your specific Houston location which can influence coverage rates significantly.

Deductible analysis

When comparing auto insurance rates, the most common question is which deductible level should you buy. The comparison tables below can help illustrate the rate fluctuation when you select higher and lower coverage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Honda Odyssey insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $256 $408 $382 $22 $114 $1,207 $101
Odyssey EX $256 $496 $382 $22 $114 $1,295 $108
Odyssey EX W/Rear Entertainment $256 $496 $382 $22 $114 $1,295 $108
Odyssey EX-L $294 $584 $382 $22 $114 $1,421 $118
Odyssey EX-L W/Rear Entertainment $294 $584 $382 $22 $114 $1,421 $118
Odyssey EX-L W/Navigation $294 $584 $382 $22 $114 $1,421 $118
Odyssey Touring $332 $584 $382 $22 $114 $1,459 $122
Get Your Own Custom Quote Go
Honda Odyssey insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $158 $256 $382 $22 $114 $932 $78
Odyssey EX $158 $312 $382 $22 $114 $988 $82
Odyssey EX W/Rear Entertainment $158 $312 $382 $22 $114 $988 $82
Odyssey EX-L $182 $368 $382 $22 $114 $1,068 $89
Odyssey EX-L W/Rear Entertainment $182 $368 $382 $22 $114 $1,068 $89
Odyssey EX-L W/Navigation $182 $368 $382 $22 $114 $1,068 $89
Odyssey Touring $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Information does not factor in specific location which can impact coverage rates greatly.

Based on the above data, using a $250 deductible could cost the average driver approximately $27 more each month or $324 every year than requesting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 28 months between claim filings, you would probably be better off going with the higher deductible.

Auto insurance rates based on gender

The chart below compares Honda Odyssey car insurance costs for male and female drivers. The data assumes no claims or violations, full coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Drive responsibly or pay higher rates

The example below illustrates how violations and fender-benders can raise Honda Odyssey insurance costs for different categories of driver ages. The prices are based on a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

Do you really save 40% when you switch?

Consumers constantly see and hear ads that claim the best rates from the likes of Progressive, Allstate and GEICO. All the companies convey the message that people will save just by switching to them.

But how can every company give you a lower rate on Honda Odyssey insurance in Houston? This is the way they can do it.

Companies have a certain "appetite" for the type of insured that will generate a profit. For example, a driver they prefer may be over the age of 45, insures multiple vehicles, and has excellent credit. Any person who matches that profile will most likely get cheap rates and most likely will cut their rates substantially.

Consumers who fall outside these criteria will get higher rates and ends up with the customer buying from someone else. If you pay attention, the ads say "customers that switch" not "everyone that quotes" save that much. This is how companies can state the savings. This emphasizes why you need to compare as many free Houston auto insurance quotes as you can. It's just too difficult to predict which company will have the best Honda Odyssey insurance in Houston.

Here's why car insurance is not optional

Even though it can be expensive, insuring your vehicle serves a purpose in several ways.

The benefits of insuring your car greatly outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is overpaying over $825 a year so it's important to compare rates at least once a year to ensure rates are competitive.

Discount Houston car insurance rates

Insurance can cost an arm and a leg, but you might be missing out on some discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be specially asked for before you get the savings. If you do not double check each discount you qualify for, you may be paying too high a price.Save money with discounts

A quick disclaimer, some credits don't apply to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like all the discounts add up to a free policy, nobody gets a free ride.

Companies and their offered discounts are:

Double check with each company which credits you are entitled to. Savings might not apply everywhere. To see a list of companies with discount car insurance rates in Houston, click here to view.

You may need advice from a local insurance agent

Many people still like to have an agent's advice and that can be a smart move Licensed agents are trained to spot inefficiencies and help submit paperwork. A good thing about comparing insurance prices online is the fact that drivers can get the lowest rates and still buy from a local agent.

Houston insurance agentsBy using this simple form, the coverage information gets sent to agents in your area who will give you quotes for your car insurance coverage. You won't even need to find an agent on your own since rate quotes are delivered to you directly. If for some reason you want to get a price quote from a specific insurance company, you just need to visit that company's website and give them your coverage information.

Choosing the best company requires more thought than just a cheap price quote. Any agent in Houston should have no problem answering these questions:

Auto insurance agents in Houston come in two varieties

If you prefer to buy car insurance from local Houston agents, there are a couple of types of agencies that differ in how they can insure your vehicles. Agents in Houston are either independent or exclusive. Both types can write car insurance policies, but it's worth learning the difference between them since it may influence your selection of an agent.

Exclusive Agents

Exclusive insurance agents can only provide pricing for a single company such as Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot compare other company's rates so it's a take it or leave it situation. These agents are usually quite knowledgeable on what they offer which helps them sell on service rather than price. Consumers often buy from exclusive agents partially due to high brand loyalty and solid financial strength.

Shown below is a list of exclusive agents in Houston who can help you get price quote information.

View more Houston agents

Independent Agents

These type of agents often have affiliation with several companies and that enables them to quote your coverage amongst many companies and get the cheapest rates. If prices rise, they simply move the coverage in-house without you having to go to a different agency. When comparing rate quotes, you will definitely want to contact several independent insurance agents to get the most accurate price comparison. A lot of them also have access to smaller companies that may have much lower rates than larger companies.

The following is a short list of independent agents in Houston that are able to give rate quotes.

View more Houston agents

If you receive positive feedback for all questions you ask as well as a affordable price, you've probably found a car insurance agent that meets the criteria to provide car insurance coverage. It's important to know that you are entitled to terminate your policy whenever you choose to so don't feel you are locked into your new company for the full term.

Will just any policy work for me?

When it comes to proper insurance coverage, there really is not a one-size-fits-all type of policy. Your situation is unique and your car insurance should be unique as well.Car insurance savings For instance, these questions can aid in determining if your insurance needs will benefit from professional help.

If you can't answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It's fast, free and you can get the answers you need.

Do the work, save more money

We just covered many ideas to shop for Honda Odyssey insurance online. It's most important to understand that the more times you quote, the better your comparison will be. Consumers could even find that the best price on car insurance is with a lesser-known regional company. These companies often have lower premium rates on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.

When trying to cut insurance costs, you should never buy poor coverage just to save money. In many cases, consumers will sacrifice comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

Additional car insurance information can be found on the following sites: