Compare Honda Odyssey Insurance Rate Quotes in Tampa

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

Shocking but true, a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for a minimum of four years, and 38% of customers have never even compared rates from other companies. Florida drivers could save roughly 55% each year just by comparing rates, but they just feel it's too hard to shop their coverage around.

Insurance quote for Honda Odyssey in TampaTruthfully, the best way to find affordable quotes for Honda Odyssey insurance in Tampa is to compare quotes once a year from insurers in Florida.

  1. Try to learn about policy coverages and the measures you can take to prevent rate increases. Many things that result in higher rates such as at-fault accidents and a less-than-favorable credit history can be improved by making small lifestyle or driving habit changes. Later in this article we will cover more details to prevent high rates and get discounts that may be overlooked.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of insurance providers. Select a company
  3. Compare the new quotes to your existing policy to see if switching to a new carrier will save money. If you find a better price and switch companies, verify that coverage does not lapse between policies.

An important bit of advice to remember is that you use the same amount of coverage on every price quote and to quote with as many car insurance companies as possible. Doing this helps ensure a fair rate comparison and a better comparison of the market.

If you're already insured or need a new policy, follow these tips to cut your premiums and still have adequate protection. The purpose of this article is to instruct you on the best ways to compare prices and also save some money in the process Comparison shoppers just need to understand the most efficient way to compare prices instantly.

Coverage information

The rate table displayed below showcases a range of insurance premium costs for Honda Odyssey models. Learning as much as possible about how auto insurance premiums are formulated is important for making decisions when shopping your coverage around.

Honda Odyssey Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $150 $276 $472 $28 $142 $1,068 $89
Odyssey EX $150 $334 $472 $28 $142 $1,126 $94
Odyssey EX W/Rear Entertainment $150 $334 $472 $28 $142 $1,126 $94
Odyssey EX-L $172 $394 $472 $28 $142 $1,208 $101
Odyssey EX-L W/Rear Entertainment $172 $394 $472 $28 $142 $1,208 $101
Odyssey EX-L W/Navigation $172 $394 $472 $28 $142 $1,208 $101
Odyssey Touring $194 $394 $472 $28 $142 $1,230 $103
Get Your Own Custom Quote Go

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in vehicle garaging location which can decrease or increase premiums noticeably.

Should you raise deductibles?

One common question asked by Tampa drivers is how high should your deductibles be. The comparisons below can help you understand the price difference between high and low coverage deductibles. The first rate quote example uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Honda Odyssey insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $312 $532 $418 $24 $124 $1,435 $120
Odyssey EX $312 $648 $418 $24 $124 $1,551 $129
Odyssey EX W/Rear Entertainment $312 $648 $418 $24 $124 $1,551 $129
Odyssey EX-L $358 $764 $418 $24 $124 $1,713 $143
Odyssey EX-L W/Rear Entertainment $358 $764 $418 $24 $124 $1,713 $143
Odyssey EX-L W/Navigation $358 $764 $418 $24 $124 $1,713 $143
Odyssey Touring $406 $764 $418 $24 $124 $1,761 $147
Get Your Own Custom Quote Go
Honda Odyssey insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $174 $280 $418 $24 $124 $1,020 $85
Odyssey EX $174 $342 $418 $24 $124 $1,082 $90
Odyssey EX W/Rear Entertainment $174 $342 $418 $24 $124 $1,082 $90
Odyssey EX-L $200 $402 $418 $24 $124 $1,168 $97
Odyssey EX-L W/Rear Entertainment $200 $402 $418 $24 $124 $1,168 $97
Odyssey EX-L W/Navigation $200 $402 $418 $24 $124 $1,168 $97
Odyssey Touring $224 $402 $418 $24 $124 $1,192 $99
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific location which can decrease or increase coverage prices noticeably.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $42 more each month or $504 annually than buying the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 21 months between claim filings, you would save more money by selecting a higher deductible. The table below illustrates the way you can perform this determination yourself.

Average monthly premium for $100 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): - $94
Monthly savings from raising deductible: $42
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

An important thing to remember is that higher deductibles means you will have to pay more of your own money when you have to file a claim. You will want to have a higher level of savings in the event you need to pay the higher deductible in order to repair your vehicle.

Impact of citations and accidents on insurance rates

The information below highlights how speeding tickets and at-fault fender-benders can increase Honda Odyssey insurance premiums for different age groups. The rates are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.

Age, gender, and Honda Odyssey insurance

The example below illustrates the difference between Honda Odyssey insurance costs for male and female drivers. The premium estimates are based on no claims or driving citations, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Get More Affordable Insurance Premiums by Understanding These Factors

Many things are used in the calculation when you get your auto insurance bill. Some are obvious such as your driving history, although some other factors are not as apparent such as your marital status or how financially stable you are.

  • Lower rates by increasing comp and collision deductibles - Deductibles for physical damage are the amount of money you are required to spend before a claim is paid by your company. Protection for physical damage, aka comp and collision, is used to repair damage to your car. Some coverage claims could be collision with another vehicle, vandalism, and damage caused by road hazards. The more damage repair cost you are required to pay out-of-pocket, the bigger discount you will receive.
  • Never go without auto insurance - Not maintaining insurance is a big no-no and your next policy will cost more because you let your coverage cancel without a new policy in place. And not only will insurance be more expensive, failure to provide proof of insurance may result in fines or a revoked license. You may then have to file a SR-22 with the Florida department of motor vehicles.
  • Use but don't abuse your insurance - If you frequently file small claims, you can expect much higher rates or policy non-renewal. Companies in Florida provide the best rates to people that do not abuse their auto insurance. Your car insurance is designed for larger claims.
  • Amount of liability coverage - The liability section of your policy provides coverage if ever you are found to be at fault for causing personal injury or damage in an accident. Your policy's liability insurance provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Honda Odyssey insurance loss probability - Insurers use past loss statistics for each vehicle in order to profitably underwrite each model. Vehicles that the data determines to have higher losses will have a higher premium rate. The table below shows the loss history for Honda Odyssey vehicles.

    For each type of coverage, the claim amount for all vehicles, as a total average, is a value of 100. Values below 100 represent a good loss history, while numbers above 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.

    Insurance Loss Ratings for Honda Odyssey Vehicles
    Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Honda Odyssey 78 83 75 82 78 71
    BETTER
    AVERAGE
    WORSE

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

Compare but don't skimp

We just presented some good ideas how to save on Honda Odyssey insurance in Tampa. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even find the lowest prices come from some of the smallest insurance companies.

As you quote Tampa auto insurance, it's a bad idea to sacrifice coverage to reduce premiums. There are too many instances where an insured cut collision coverage and found out when filing a claim that the savings was not a smart move. Your strategy should be to buy enough coverage for the lowest price, but do not skimp to save money.

There are still a few companies who do not provide rates over the internet and most of the time these small, regional companies prefer to sell through independent insurance agencies. Low-cost Honda Odyssey insurance in Tampa can be purchased from both online companies and with local Tampa insurance agents, so you need to compare both so you have a total pricing picture.

Additional insurance information can be read at the links below