Honda Odyssey insurance image courtesy of QuoteInspector.com
How long have you put off shopping around for cheaper Honda Odyssey insurance in Columbus? Perplexed by the crazy number of auto insurance choices that you can choose from? Lot's of other drivers are too. There are so many options that it can be a real hassle to locate the lowest prices for Honda Odyssey insurance in Columbus. Columbus is a wonderful place to live, but expensive auto insurance can make it nearly impossible to stay on budget.
A recent study showed that most auto insurance buyers have stayed with the same insurance company for over three years, and approximately 40% of consumers have never compared rates with other companies. Ohio insurance shoppers could save $729 a year just by comparing rates, but they think it's difficult to compare other rate quotes.
Consumers should take time to get comparison quotes yearly because rates are constantly changing. Despite the fact that you may have had the best rate on Honda Odyssey insurance in Columbus two years ago you may be paying too much now. Block out anything you think you know about auto insurance because we're going to demonstrate how to use the internet to buy cheaper Honda Odyssey insurance in Columbus.
Just keep in mind that more quotes helps improve the odds of finding better pricing.
The following companies are our best choices to provide price quotes in Ohio. If more than one company is shown, we suggest you visit as many as you can to find the lowest auto insurance rates.
Save money by earning discounts
Auto insurance is easily one of your largest bills, but you may find discounts that could help you make your next renewal payment. Most are applied when you purchase, but once in a while a discount must be specifically requested before you will receive the discount.
- Accident-Free Discounts - Claim-free drivers can save substantially as compared to accident-prone drivers.
- Active Military Service - Being deployed with a military unit could trigger a small discount.
- Renewal Discounts - A few companies allow discounts for buying a policy prior to your current Odyssey insurance policy expiring. It can save you around 10%.
- Good Student Discount - Excelling in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
- Payment Discounts - If you pay your bill all at once instead of paying each month you could save 5% or more.
- Discount for New Cars - Insuring a vehicle that is new can save you some money due to better safety requirements for new model year vehicles.
- Multiple Cars - Drivers who insure all your vehicles on one policy can get a discount for every vehicle.
- One Accident Forgiven - Not really a discount, but companies like Liberty Mutual, GEICO and Allstate may permit one accident without getting socked with a rate hike if you have no claims before the accident.
As a sidenote, some credits don't apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like you could get a free auto insurance policy, companies wouldn't make money that way.
The diagram below visualizes the comparison of Honda Odyssey annual premium costs with and without discounts applied to the policy rates. Data assumes a male driver, no claims or driving citations, Ohio state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, marriage, and safe-driver discounts applied.
Insurance companies that may offer some of the above discounts include:
It's a good idea to ask every insurance company which discounts you qualify for. A few discounts may not be available in Columbus. To locate companies who offer cheap Honda Odyssey insurance quotes in Columbus, click this link.
Insurance coverage analysis
The information shown below outlines estimates of insurance prices for Honda Odyssey models. Being aware of how insurance quotes are determined can help you make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $72 | $126 | $214 | $12 | $64 | $488 | $41 |
| Odyssey EX | $72 | $154 | $214 | $12 | $64 | $516 | $43 |
| Odyssey EX W/Rear Entertainment | $72 | $154 | $214 | $12 | $64 | $516 | $43 |
| Odyssey EX-L | $84 | $182 | $214 | $12 | $64 | $556 | $46 |
| Odyssey EX-L W/Rear Entertainment | $84 | $182 | $214 | $12 | $64 | $556 | $46 |
| Odyssey EX-L W/Navigation | $84 | $182 | $214 | $12 | $64 | $556 | $46 |
| Odyssey Touring | $94 | $182 | $214 | $12 | $64 | $566 | $47 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in specific zip code location which can affect premium rates noticeably.
Comparison of policy deductibles
When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The following insurance rates show the cost difference of buying low and high comp and collision deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $152 | $242 | $226 | $14 | $68 | $727 | $61 |
| Odyssey EX | $152 | $296 | $226 | $14 | $68 | $781 | $65 |
| Odyssey EX W/Rear Entertainment | $152 | $296 | $226 | $14 | $68 | $781 | $65 |
| Odyssey EX-L | $176 | $348 | $226 | $14 | $68 | $857 | $71 |
| Odyssey EX-L W/Rear Entertainment | $176 | $348 | $226 | $14 | $68 | $857 | $71 |
| Odyssey EX-L W/Navigation | $176 | $348 | $226 | $14 | $68 | $857 | $71 |
| Odyssey Touring | $198 | $348 | $226 | $14 | $68 | $879 | $73 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $124 | $196 | $226 | $14 | $68 | $628 | $52 |
| Odyssey EX | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Odyssey EX W/Rear Entertainment | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Odyssey EX-L | $142 | $280 | $226 | $14 | $68 | $730 | $61 |
| Odyssey EX-L W/Rear Entertainment | $142 | $280 | $226 | $14 | $68 | $730 | $61 |
| Odyssey EX-L W/Navigation | $142 | $280 | $226 | $14 | $68 | $730 | $61 |
| Odyssey Touring | $160 | $280 | $226 | $14 | $68 | $748 | $62 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific Columbus garaging location which can increase or decrease coverage prices noticeably.
Using the data above, we can ascertain that using a $250 deductible will cost you approximately $10 more each month or $120 for a full year across all Honda Odyssey models than buying the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 25 months between claim filings, you would save money by going with a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $250 deductibles: | $68 |
| Average monthly premium for $500 deductibles (subtract): | - $58 |
| Monthly savings from raising deductible: | $10 |
| Difference between deductibles ($500 - $250): | $250 |
| Divide difference by monthly savings: | $250 / $10 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
An important thing to remember is that raising deductibles to save money results in a higher out-of-pocket expense when you have a claim. You need some extra savings in order to pay more to get your vehicle repaired.
Honda Odyssey liability-only versus full coverage
The chart below shows the comparison of Honda Odyssey annual premium costs with full coverage and liability only. The rates are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop comprehensive and collision coverage
There is no clear-cut formula of when to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let's pretend your Honda Odyssey book value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after you pay the deductible. If it's costing you more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.
There are some scenarios where removing full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Honda Odyssey Insurance Premiums Can Be More Affordable
One of the most helpful ways to save on car insurance is to to have a grasp of some of the factors that are used to determine the level of your policy premiums. If you know what controls the rates you pay, this enables informed choices that can earn you lower rates.
Extra policy coverages you don't need - There are many add-on coverages that can add up if you don't pay attention. Add-on coverages like vanishing deductibles, towing, and extra life insurance coverage may be wasting your money. These may sound like a good investment at first, but if you've never needed them in the past remove them from your policy.
Advanced alarms and GPS tracking - Owning a car with anti-theft technology or alarm system can earn a premium discount. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent car theft and help bring rates down.
Cheaper rates after marriage - Walking down the aisle helps lower the price on car insurance. Having a spouse demonstrates that you tend to be more stable financially and insurance companies reward insureds because married couples file fewer claims.
Teenage drivers are expensive to insure - Drivers with little experience are known to be inattentive and easily distracted when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Parents adding a young driver onto a policy will cause a huge premium hike. More mature drivers are viewed as being more responsible, tend to cause fewer accidents, and get fewer tickets.
The following data uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Vehicle risk impacts prices - The performance level of the car you need insurance for makes a huge difference in your rates. Lower cost passenger cars usually have the lowest premiums, but your final cost has many other factors.
The next chart uses these variables: married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Honda Odyssey policy rates compared to other models that have different performance risks.
Men pay more for auto insurance - The statistics show females are less aggressive when driving. It does not mean women are better drivers. Men and women get in auto accidents at a similar rate, but guys cause more damage. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving.
The information below illustrates the difference between Honda Odyssey insurance rates for male and female drivers. The data is based on no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Low mileage costs less - The higher the mileage driven every year the more you will pay for car insurance. Most insurance companies rate vehicles based on their usage. Autos not used for work or commuting can get a lower rate than those that get driven frequently. Having the wrong rating on your Odyssey may be costing you. It's always a good idea to double check that your policy is showing the correct driver usage.
Insurance loss data for a Honda Odyssey - Insurers analyze past claim statistics when they set coverage costs for each model. Vehicles that tend to have higher frequency or amount of claims will be charged more to insure.
The table below illustrates the historical loss data for Honda Odyssey vehicles. For each coverage category, the loss probability for all vehicles as a whole is equal to 100. Numbers that are below 100 indicate a favorable loss history, while percentages above 100 indicate more frequent losses or a tendency for claims to be larger.
| Specific Honda Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Honda Odyssey | 78 | 83 | 75 | 82 | 78 | 71 |
Statistics from IIHS.org for 2013-2015 Model Years
Getting quotes from local Columbus car insurance agents
Many people still prefer to sit down and talk to an agent and there is nothing wrong with that. One of the benefits of comparing auto insurance online is you may find cheaper car insurance rates and still have a local agent. Putting coverage with neighborhood insurance agencies is especially important in Columbus.
Upon completion of this short form, the coverage information is transmitted to insurance agents in Columbus that can provide free Columbus car insurance quotes to get your business. There is no reason to do any legwork due to the fact that quote results will go instantly to you. You can get cheaper auto insurance rates and a licensed agent to talk to. If you have a need to get a rate quote for a specific company, don't hesitate to navigate to their website and fill out their quote form.
Two different types of car insurance agents
When narrowing the list to find a reliable insurance agency, it can be helpful to understand the types of insurance agents that differ in how they can insure your vehicles. Auto insurance agents in Columbus can be categorized as either independent or exclusive.
Independent Agents (or Brokers)
These agents are normally appointed by many insurers and that is an advantage because they can write policies with multiple insurance companies depending on which coverage is best. If your agent finds better pricing, the business is moved internally and you can keep the same agent. If you need cheaper auto insurance rates, it's a good idea to compare prices from a couple of independent agencies for maximum quote selection. They also have the ability to place coverage with additional companies that you may not be familiar with which may provide better rates.
Below is a short list of independent agencies in Columbus that may be able to give you pricing information.
- Gardiner Allen DeRoberts Insurance LLC
777 Goodale Blvd - Columbus, OH 43212 - (614) 221-1500 - View Map - John Dawson Associates
6025 Cleveland Ave - Columbus, OH 43231 - (614) 890-1660 - View Map - AA Affordable Insurance Agency of Ohio
1180 W Broad St - Columbus, OH 43222 - (614) 221-7007 - View Map
Exclusive Insurance Agents
These type of agents are contracted to one company such as Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot provide other company's prices so keep that in mind. Exclusive insurance agents are highly trained on their company's products and that can be a competitive advantage. Many people choose to use an exclusive agent partially due to loyalty to the company and strong financial ratings.
The following are Columbus exclusive insurance agencies that can give you rate quotes.
- American Family Insurance - Felix Quachey
1100 Morse Rd Ste 301 - Columbus, OH 43229 - (614) 536-0237 - View Map - American Family Insurance - Patricia Dews
114 Norton Rd - Columbus, OH 43228 - (614) 878-9720 - View Map - Jack Gilkerson - State Farm Insurance Agent
4232 E Main St - Whitehall, OH 43213 - (614) 237-4256 - View Map
Selecting an auto insurance agent should depend on more than just the premium amount. You should also get answers to these questions.
- What discounts might you be missing?
- Is the coverage adequate for your vehicle?
- Do they review policy coverages at every renewal?
- Who is covered by the car insurance policy?
- What companies can they write with?
Upon receiving good feedback for all questions you ask as well as an affordable premium quote, you may have found an insurance agency that meets your needs to service your policy. Just keep in mind you have the power to terminate coverage when you choose so never feel that you are permanently stuck with any particular company for the full term.
It's not one size fits all
Always keep in mind that when comparing your policy, there really isn't a one size fits all plan. Your financial needs are unique.
These are some specific questions might help in determining if your insurance needs could use an agent's help.
- If my pet gets injured in an accident are they covered?
- How many claims can I have before being canceled?
- Do I really need UM/UIM coverage?
- Where can I get insurance after a DUI in Ohio?
- Am I missing any policy discounts?
- Am I covered if I back into my garage door?
If you don't know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.
Do the work, save more money
Cost effective Honda Odyssey insurance is attainable from both online companies and from local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies may not provide rate quotes online and many times these small insurance companies only sell through local independent agencies.
As you restructure your insurance plan, don't be tempted to sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice full coverage and found out when filing a claim that it was a big mistake. The ultimate goal is to get the best coverage possible at the lowest possible cost and still be able to protect your assets.
In this article, we covered many ideas to save on Honda Odyssey insurance in Columbus. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost Columbus car insurance quotes. Drivers may even discover the lowest priced auto insurance comes from a company that doesn't do a lot of advertising.
How to find affordable quotes for Honda Odyssey insurance in Columbus
It takes a little time, but the best way to find discount car insurance rates in Columbus is to regularly compare price quotes from companies in Ohio. Drivers can shop around by completing these steps.
Step 1: Try to learn about coverages and the steps you can take to prevent expensive coverage. Many rating factors that cause high rates like inattentive driving and a not-so-good credit score can be rectified by making minor changes in your lifestyle.
Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agencies can give you price quotes from many different companies.
Step 3: Compare the price quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate and switch companies, ensure coverage does not lapse between policies.
A good piece of advice is to use the same coverage limits and deductibles on every quote request and to quote with as many companies as feasibly possible. Doing this enables an apples-to-apples comparison and a better comparison of the market.
For more information, feel free to visit these articles:
- Booster Seat Ratings (iihs.org)
- Who Has the Cheapest Columbus Car Insurance for a Subaru Outback? (FAQ)
- What Insurance is Cheapest for a Ford Escape in Columbus? (FAQ)
- What Auto Insurance is Cheapest for a Ford Explorer in Columbus? (FAQ)
- Who Has Affordable Auto Insurance for Lyft Drivers in Columbus? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers Over Age 70 in Columbus? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)