If your goal is the lowest price, then the best way to find more affordable Honda Odyssey insurance is to do a yearly price comparison from different companies who can sell car insurance in Orlando.
First, try to learn about auto insurance and the modifications you can make to keep rates in check. Many rating criteria that cause rate increases such as high-risk driving behaviors and poor credit history can be eliminated by making minor changes in your lifestyle. Keep reading for ideas to help keep rates affordable and find discounts that you may qualify for.
Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while independent agencies can provide price quotes from many different companies.
Third, compare the quotes to your current policy to determine if you can save on Odyssey insurance in Orlando. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
A key point to remember is to try to compare similar coverage information on every quote request and and to analyze every insurance company. This provides a level playing field and a complete rate analysis.
It’s safe to assume that insurance companies want to keep you from comparing rates. Insureds who shop for lower rates are inclined to switch insurance companies because there are good odds of finding a policy with better rates. A recent survey revealed that drivers who compared rates regularly saved about $70 a month compared to those who don’t regularly compare prices.
If saving money on Honda Odyssey insurance in Orlando is your target objective, then having some knowledge of how to get free comparison quotes and analyze coverages can make it easier to find better rates.
The quickest way to compare car insurance rates for Honda Odyssey insurance in Orlando utilizes the fact most of the bigger providers pay for the opportunity to provide you with free rate quotes. The only thing you need to do is provide a little information including distance driven, how much education you have, deductibles desired, and if you require a SR-22. Your rating data is instantly provided to all major companies and you will receive price estimates very quickly.
If you wish to get multiple quotes for your Honda Odyssey now, click here and enter your coverage details.
The companies in the list below have been selected to offer price comparisons in Orlando, FL. To buy cheaper auto insurance in Florida, we suggest you visit two to three different companies to get the lowest price.
Coverage statistics and figures
The table shown below outlines estimates of policy rates for Honda Odyssey models. Learning more about how car insurance prices are calculated can help you make decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Odyssey EX W/Rear Entertainment||$304||$636||$426||$26||$128||$1,520||$127|
|Odyssey EX-L W/Rear Entertainment||$348||$748||$426||$26||$128||$1,676||$140|
|Odyssey EX-L W/Navigation||$348||$748||$426||$26||$128||$1,676||$140|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium costs do not factor in your specific Orlando location which can impact prices substantially.
The diagram below demonstrates how deductible levels and can change Honda Odyssey annual premium costs for each age group. The premiums assume a single male driver, full coverage, and no additional discounts are factored in.
Male drivers compared to female drivers in Orlando
The chart below shows the difference between Honda Odyssey auto insurance rates for male and female drivers. Data assumes no claims or driving citations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are applied.
Rate comparison of full coverage and liability-only
The diagram below shows the comparison of Honda Odyssey insurance premiums with and without physical damage coverage. The prices are based on no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are factored in.
Guidelines for dropping full coverage
There is no exact formula for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s assume your Honda Odyssey settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying the physical damage deductible. If premiums are more than $600 a year for your policy with full coverage, then it might be time to buy liability only.
There are some conditions where removing full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
Insurance policy discounts you can’t miss
Companies don’t always publicize all possible discounts in an easy-to-find place, so we break down a few of the more common and also the lesser-known savings tricks you should be using when you buy Orlando auto insurance online.
- Discounts for Responsible Drivers – Insureds who avoid accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
- Multiple Vehicles – Buying coverage for more than one vehicle with one company can get a discount for every vehicle.
- Pay Upfront and Save – If you pay your bill all at once rather than paying in monthly installments you may reduce your total bill.
- Early Renewal Discounts – A few insurance companies allow discounts for renewing your policy prior to your current Odyssey insurance policy expiration. It’s a savings of about 10%.
- Air Bag Discount – Factory air bags or motorized seat belts may earn rate discounts of more than 20%.
- Membership in Organizations – Being a member of qualifying employment or professional organizations could qualify you for a break on your policy.
- Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted insurance rate on car insurance if you buy some life insurance too.
- Driver Education Discount – It’s a good idea to have your young drivers enroll and complete driver’s education in school or through a local driver safety program.
- No Claim Discounts – Drivers who don’t have accidents can earn big discounts when compared to drivers with a long claim history.
Remember that most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like collision or personal injury protection. Just because you may think you could get a free insurance policy, you won’t be that lucky.
The illustration below shows the comparison of Honda Odyssey auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or driving violations, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, claim-free, homeowner, safe-driver, and multi-car discounts applied.
Larger insurance companies and the discounts they provide can be read below.
- Farmers Insurance offers discounts including electronic funds transfer, multi-car, youthful driver, homeowner, business and professional, and mature driver.
- State Farm offers premium reductions for Drive Safe & Save, defensive driving training, driver’s education, multiple policy, multiple autos, Steer Clear safe driver discount, and accident-free.
- Liberty Mutual includes discounts for teen driver discount, multi-policy, preferred payment discount, safety features, new move discount, and good student.
- MetLife discounts include accident-free, defensive driver, multi-policy, good driver, and claim-free.
- Progressive may have discounts that include homeowner, online signing, multi-vehicle, multi-policy, online quote discount, and continuous coverage.
If you need the cheapest Honda Odyssey rate quotes, ask each company to apply every possible discount. Depending on the company, some discounts might not apply in your state. To find insurance companies who offer free Honda Odyssey insurance quotes in Florida, click here to view.
Three reasons car insurance is important
Despite the high insurance cost for a Honda Odyssey in Orlando, car insurance serves several important purposes.
First, just about all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability protection in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your Honda Odyssey, almost every bank will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may insure your Honda for a lot more money and require you to fork over the higher price.
Third, insurance safeguards both your Honda Odyssey and your personal assets. It also can pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance more than offset the price you pay, specifically if you ever have a liability claim. Unknowingly, the average driver is wasting up to $700 annually so you should quote your policy with other companies once a year at a minimum to make sure the price is not too high.
When in doubt talk to an agent
When quoting and choosing a policy, there really isn’t a “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply.
For example, these questions might point out if your insurance needs would benefit from an agent’s advice.
- Does my liability insurance cover pulling a trailer or camper?
- When should I remove comp and collision on my Honda Odyssey?
- Do I have coverage when pulling a U-Haul trailer?
- Can my teen driver be rated on a liability-only vehicle?
- Will my insurance pay for OEM parts?
- Am I covered if I have no license?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Local Orlando insurance agencies
Many people prefer to talk to an insurance agent and that is OK! An additional benefit of comparing rate quotes online is you can get cheap auto insurance quotes and still buy from a local agent.
After completing this simple form, your insurance coverage information is instantly submitted to insurance agents in Orlando who will return price quotes for your coverage. There is no need to search for any insurance agencies because quoted prices will be sent immediately to you. You can get cheaper auto insurance rates AND a local agent. If you have a need to compare rates for a specific company, don’t hesitate to go to their quote page to submit a rate quote request.
Finding the right insurer should include more criteria than just a cheap quote. The following questions are important to ask.
- Will the agent or a CSR service your policy?
- Can glass claims be handled at your home?
- Do they get extra compensation for selling add-on coverages?
- Is the agency covered by Errors and Omissions coverage?
- In the event of vehicle damage, can you pick the collision repair facility?
Independent or Exclusive: It’s your choice
When looking for a reliable insurance agent, you need to know there are two different agency structures and how they differ in how they quote coverages. Auto insurance policy providers are considered either exclusive or independent (non-exclusive).
Exclusive agencies normally can only provide a single company’s rates such as State Farm, Allstate and AAA. Exclusive agents are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. Exclusive agents are trained well on their company’s products and that allows them to sell at a higher price point.
The following are Orlando exclusive insurance agents willing to provide price quotes.
Bill Cordy – State Farm Insurance Agent
2737 N Hiawassee Rd – Orlando, FL 32818 – (407) 298-9996 – View Map
Independent Agents (or Brokers)
These agents can sell policies from many different companies so they can write business with any number of different companies and possibly get better coverage at lower prices. If they quote lower rates, they simply switch companies in-house which makes it simple for you.
When searching for an agent, it’s recommended you compare prices from independent agents to ensure the widest selection of prices.
The following are independent insurance agencies in Orlando willing to provide price quotes.
Sikes Insurance Agency Inc
5145 Curry Ford Rd – Orlando, FL 32812 – (407) 282-5145 – View Map
Budget Insurance Agency
5574 N Orange Blossom Trail – Orlando, FL 32808 – (321) 270-6385 – View Map