Find Cheaper Honda Odyssey Insurance in San Antonio

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Insurance for Honda OdysseyWish you could get out of an under-performing, overpriced auto insurance policy? Say no more because you're not alone.

Inconceivable but true, most drivers in Texas have remained with the same auto insurance company for at least four years, and approximately 38% of consumers have never shopped around. American insurance shoppers can save up to $860 each year just by getting comparison quotes, but most tend to underestimate the amount of money they would save if they switched. Due to the increasing number of choices for buying affordable insurance for a Honda Odyssey in San Antonio, it can be difficult for drivers to pick a more affordable insurance company.

Cutting your car insurance rates can be relatively painless. The only thing you need to do is spend a little time getting comparison quotes to find out which insurance company has the cheapest Honda Odyssey rate quotes.

Doing price comparisons online is so simple that it makes it obsolete to physically go to insurance agents' offices. Buying insurance online eliminates this option unless you have a need for the personal advice of a licensed agent. Some companies do allow you to price shop your coverage online and still use a local agent.

The following companies provide quotes in San Antonio, TX. If more than one company is shown, it's highly recommended you visit several of them in order to find the most competitive rates.

Honda Odyssey insurance charts and tables

The rate table displayed next showcases a range of insurance rates for Honda Odyssey models. Being more informed about how car insurance prices are established can be of help when making decisions on the best policy coverages.

Honda Odyssey Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $220 $420 $430 $26 $128 $1,224 $102
Odyssey EX $220 $512 $430 $26 $128 $1,316 $110
Odyssey EX W/Rear Entertainment $220 $512 $430 $26 $128 $1,316 $110
Odyssey EX-L $254 $602 $430 $26 $128 $1,440 $120
Odyssey EX-L W/Rear Entertainment $254 $602 $430 $26 $128 $1,440 $120
Odyssey EX-L W/Navigation $254 $602 $430 $26 $128 $1,440 $120
Odyssey Touring $286 $602 $430 $26 $128 $1,472 $123
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific San Antonio garaging location which can lower or raise premiums substantially.

An analysis of deductible level

One common question asked by San Antonio drivers is how high should your deductibles be. The tables below may aid in understanding the difference in cost when you choose different physical damage deductibles. The first data table uses a $100 physical damage coverage deductible and the second data 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 $286 $486 $382 $22 $114 $1,315 $110
Odyssey EX $286 $592 $382 $22 $114 $1,421 $118
Odyssey EX W/Rear Entertainment $286 $592 $382 $22 $114 $1,421 $118
Odyssey EX-L $328 $698 $382 $22 $114 $1,569 $131
Odyssey EX-L W/Rear Entertainment $328 $698 $382 $22 $114 $1,569 $131
Odyssey EX-L W/Navigation $328 $698 $382 $22 $114 $1,569 $131
Odyssey Touring $370 $698 $382 $22 $114 $1,611 $134
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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 $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
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can raise or lower rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $39 more each month or $468 every year across all Honda Odyssey models than choosing the higher $1,000 deductible. Because you 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 tend to go more than 23 months between claim filings, you would probably be better off by going with a higher deductible.

The example below illustrates how your deductible choice and can raise or lower Honda Odyssey insurance rates for different categories of driver ages. The data is based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

Insurance premiums for males and females

The information below visualizes the comparison of Honda Odyssey insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, comp and collision included, $250 deductibles, single status, and no discounts are applied to the premium.

Rate comparison of full coverage and liability-only

The chart below shows the difference between Honda Odyssey insurance prices when comparing full coverage to liability only. The premiums assume no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to drop full coverage

There is no set rule to exclude full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Honda Odyssey book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after you pay the deductible. If you are currently paying more than $600 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are a few situations where only buying liability is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Best reasons to buy car insurance in Texas

Despite the high cost, paying for car insurance is most likely required but also gives you several important benefits.

  • The majority of states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Odyssey, more than likely the lender will stipulate that you have physical damage coverage to protect their interest in the vehicle. If the policy lapses, the bank may insure your Honda at an extremely high rate and force you to pay a much higher amount than you were paying before.
  • Car insurance protects your Honda Odyssey and your assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance are definitely more than the cost, particularly if you ever have a claim. But the average American driver is overpaying over $855 a year so we recommend shopping around at every renewal to be sure current rates are still competitive.

Buy Cheaper Auto Insurance with These Tips

When buying auto insurance it's important to understand some of the elements that help calculate the rates you pay for auto insurance. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower rates.

The factors shown below are some of the factors auto insurance companies consider when setting your rate level.

What type of vehicle do you drive? - The make and model of the car or truck you need insurance for makes a substantial difference in determining your rates. Small economy passenger cars usually have the lowest rates, but other factors influence the final cost greatly.

The data below assumes a single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Honda Odyssey rates compared to other models of vehicles that have different performance rating factors.

Marriage is a factor - Being married may save some money on auto insurance. Having a significant other demonstrates that you tend to be more mature and statistics prove being married results in fewer claims.

Liability protection risk factors - A critical coverage on your policy, liability insurance kicks in in the event that a court rules you are at fault for damages caused by your negligence. This coverage provides legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Higher comp and collision deductibles are cheaper - Physical damage protection, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. A few examples of covered claims are a broken windshield, vandalism, and damage from a fallen tree branch. Your deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The more of the claim you are required to pay out-of-pocket, the less money you will pay for auto insurance.

Honda Odyssey insurance claim data - Insurers analyze the history of losses to determine a rate that will be profitable for them. Vehicles that tend to have higher claim amounts or frequency will have a higher premium rate. The data below shows the insurance loss data used by companies for Honda Odyssey vehicles.

For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, is equal to 100. Values below 100 suggest a better than average loss history, while values that are above 100 point to more losses or tendency to have higher losses.

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

Don't give up on cheaper premiums

Discount Honda Odyssey insurance in San Antonio is available on the web and with local San Antonio insurance agents, and you should be comparing both to get a complete price analysis. Some insurance providers may not provide rate quotes online and many times these smaller companies only sell coverage through local independent agents.

You just read some good ideas how you can compare Honda Odyssey insurance prices in San Antonio. It's most important to understand that the more you quote San Antonio auto insurance, the higher your chance of finding low cost San Antonio auto insurance quotes. You may even discover the best price on auto insurance is with some of the lesser-known companies. Some small companies may often insure only within specific states and give better rates than the large multi-state companies such as Allstate, GEICO and Progressive.

While you're price shopping online, do not skimp on coverage in order to save money. In many instances, someone dropped physical damage coverage and learned later they didn't purchase enough coverage. Your goal should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.

Much more information about auto insurance in Texas is available on the following sites: