Affordable Quotes for Honda Odyssey Insurance in Detroit

Insurance rates Honda Odyssey in DetroitIf you want to save the most money, the best way to find lower priced Honda Odyssey insurance in Detroit is to do an annual price comparison from different companies who can sell car insurance in Michigan. You can shop around by following these guidelines.

First, get a basic knowledge of how car insurance works and the measures you can control to prevent expensive coverage. Many things that result in higher rates such as speeding and poor credit history can be remedied by improving your driving habits or financial responsibility.

Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices from many different companies.

Third, compare the new rate quotes to your existing coverage to see if cheaper Odyssey coverage is available. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.

An important bit of advice to remember is to make sure you’re comparing identical deductibles and limits on each quote request and and to look at every company you can. Doing this helps ensure a fair price comparison and a complete selection of prices.

Astonishing but true according to a recent study, the vast majority of car insurance customers have stayed with the same insurance company for well over three years, and practically 40% of car insurance customers have never compared car insurance rates at all. Many drivers in Detroit could save $3,840 a year by just comparing quotes, but they don’t believe the large savings they would see if they changed companies.

Finding affordable insurance coverage in Detroit can really be easy if you know what you’re doing. If you already have coverage or just want cheaper coverage, use these cost-cutting techniques to get lower rates and still get good coverage. Drivers just need to understand the proper methods to compare rate quotes from many different companies online.

How to get Detroit Honda Odyssey insurance quotes

Getting cheap Honda Odyssey auto insurance pricing doesn’t have to be difficult. You just have to take time to get quotes to discover which company has the cheapest Honda Odyssey rate quotes.

The auto insurance companies shown below are ready to provide quotes in Detroit, MI. To find the best car insurance in MI, it’s highly recommended you visit several of them to get the most competitive price.

Cheap Detroit car insurance rates with discounts

Not many people think insurance is cheap, but discounts can save money and there are some available that could help you make your next renewal payment. A few discounts will be applied when you purchase, but some need to be inquired about prior to getting the savings.Cheaper car insurance with discounts

It’s important to note that most discounts do not apply to the whole policy. Most only cut specific coverage prices like collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic. But any discount will lower your policy cost.

The example below visualizes the comparison of Honda Odyssey annual premium costs with and without discounts being applied to the rates. The prices are based on a female driver, no claims or violations, Michigan 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 multi-policy, claim-free, multi-car, marriage, homeowner, and safe-driver discounts applied.

For a list of insurance companies who offer discounts in Michigan, click this link.

Rates and statistics

The table shown below highlights a range of insurance coverage prices for Honda Odyssey models. Learning more about how insurance prices are calculated can be of help when making smart choices when choosing a car insurance company.

Honda Odyssey Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $516 $908 $932 $56 $280 $2,692 $224
Odyssey EX $516 $1106 $932 $56 $280 $2,890 $241
Odyssey EX W/Rear Entertainment $516 $1106 $932 $56 $280 $2,890 $241
Odyssey EX-L $592 $1304 $932 $56 $280 $3,164 $264
Odyssey EX-L W/Rear Entertainment $592 $1304 $932 $56 $280 $3,164 $264
Odyssey EX-L W/Navigation $592 $1304 $932 $56 $280 $3,164 $264
Odyssey Touring $668 $1304 $932 $56 $280 $3,240 $270
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in specific zip code location which can change rates considerably.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is what deductibles to buy. The rates shown below summarize the rate difference when you choose different deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Honda Odyssey insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $464 $738 $690 $40 $206 $2,163 $180
Odyssey EX $464 $900 $690 $40 $206 $2,325 $194
Odyssey EX W/Rear Entertainment $464 $900 $690 $40 $206 $2,325 $194
Odyssey EX-L $534 $1060 $690 $40 $206 $2,555 $213
Odyssey EX-L W/Rear Entertainment $534 $1060 $690 $40 $206 $2,555 $213
Odyssey EX-L W/Navigation $534 $1060 $690 $40 $206 $2,555 $213
Odyssey Touring $602 $1060 $690 $40 $206 $2,623 $219
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Honda Odyssey insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $378 $596 $690 $40 $206 $1,910 $159
Odyssey EX $378 $726 $690 $40 $206 $2,040 $170
Odyssey EX W/Rear Entertainment $378 $726 $690 $40 $206 $2,040 $170
Odyssey EX-L $434 $854 $690 $40 $206 $2,224 $185
Odyssey EX-L W/Rear Entertainment $434 $854 $690 $40 $206 $2,224 $185
Odyssey EX-L W/Navigation $434 $854 $690 $40 $206 $2,224 $185
Odyssey Touring $490 $854 $690 $40 $206 $2,280 $190
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in garaging location in Detroit which can revise coverage prices greatly.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $26 more each month or $312 annually than requesting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 10 months between claim filings, you would probably come out ahead if you elect the higher deductible.

Why You Might Pay Increased Rates in Detroit

Multiple criteria are used when pricing auto insurance. Most are fairly basic like an MVR report, but other criteria are not as apparent such as your credit history or your financial responsibility. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that come into play when calculating your premiums. If you have a feel for what influences your rates, this enables informed choices that can earn you lower auto insurance prices.

The following are just a few of the factors utilized by car insurance companies to help set rates.

Responsible credit equals lower prices – An insured’s credit score factor in determining what you pay. So if your credit can use some improvement, you could pay less to insure your Honda Odyssey if you clean up your credit. Insureds with very high credit ratings tend to be better risks to insure than drivers with lower ratings.

Prices go up with performance – The performance of the vehicle you own makes a substantial difference in your car insurance bill. Small economy passenger vehicles normally have pretty low rates, but the cost you end up paying is determined by many additional factors.

The following chart uses these variables: married female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Honda Odyssey policy rates compared to other makes and models that have different performance rating factors.

Extra coverages that may not be needed – There are a ton of extra add-on coverages that may not really be needed but may not be useful. Insurance for things like personal injury protection, towing coverage, and membership fees are probably not needed. They may sound like good ideas when you first buy your policy, but your needs may have changed so remove them and pocket the money.

Rates increase with driving citations – Being a careful driver has a huge affect on how much you pay. Even one speeding ticket can increase rates substantially. Attentive drivers pay lower auto insurance prices than bad drivers. Drivers who have dangerous violations such as DWI, reckless driving or hit and run convictions may find that they have to to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.

The chart below demonstrates how traffic citations and fender-benders can raise Honda Odyssey premium costs for different age groups of insureds. The premiums assume a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Do safer cars cost less to insure? – Cars with five star safety ratings cost less to insure. These vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies and thus lower rates. If your Honda Odyssey scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Honda Odyssey insurance claim data – Insurance companies include the past claim history for a vehicle to help determine the price you pay. Vehicles that historically have higher prevalence or dollar amount of losses will have increased rates. The table below demonstrates the historical loss data for Honda Odyssey vehicles.

For each type of coverage, the loss probability for all vehicles averaged together is a value of 100. Values that are under 100 indicate a favorable loss history, while numbers that are greater than 100 indicate more frequent claims or an increased chance of a larger loss.

Honda Odyssey Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Odyssey 78 83 75 82 78 71

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

You may require the services of an agent

Many drivers would prefer to get advice from a local agent and that is just fine! Professional agents can answer important questions and give you someone to call. One of the best bonuses of price shopping on the web is the fact that drivers can get the best rates but also keep your business local.

For easy comparison, once you complete this form (opens in new window), the coverage information is emailed to insurance agents in Detroit that can provide free Detroit auto insurance quotes for your car insurance coverage. There is no reason to find an agent due to the fact that quote results will go to you. If you want to compare prices for a specific company, you just need to navigate to their website and fill out their quote form.

Selecting an insurer is decision based upon more than just the quoted price. Any agent in Detroit should have no problem answering these questions:

Listed below is a short list of insurers in Detroit who can help you get rate quotes for Honda Odyssey insurance in Detroit.

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Will just any policy work for me?

When quoting and comparing a policy, there really is not a perfect coverage plan. Your situation is unique.Drive safe and save

For example, these questions might help in determining if you would benefit from professional advice.

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

In Summary

We just presented a lot of ways to compare Honda Odyssey insurance prices in Detroit. The key thing to remember is the more quotes you get, the better chance you’ll have of finding inexpensive Detroit auto insurance quotes. Consumers could even find that the lowest priced car insurance comes from the smaller companies.

People switch companies for many reasons like delays in paying claims, being labeled a high risk driver, policy non-renewal and extreme rates for teen drivers. It doesn’t matter why you want to switch choosing a new insurance company can be easy and end up saving you some money.

Cheap Honda Odyssey insurance in Detroit is possible online and also from your neighborhood Detroit agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance companies may not have internet price quotes and these small, regional companies only sell coverage through independent insurance agencies.

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