Would you like to stop overpaying and find more affordable Honda Odyssey insurance in Fresno? Scraping up a payment for expensive Honda Odyssey insurance in Fresno can diminish your family’s budget and make it impossible to make ends meet. Getting a rate comparison can help to make sure you’re not throwing money away.
It’s safe to conclude that car insurance companies don’t want you shop around. Consumers who shop around for cheaper price quotes are very likely to buy a new policy because there is a high probability of finding a lower-priced policy. Remarkably, a study showed that consumers who regularly compared rates saved $3,400 over four years compared to drivers who never compared other company’s rates.
If finding the most affordable Honda Odyssey insurance in Fresno is why you’re reading this, knowing how to get free comparison quotes and analyze coverage rates can help you succeed in saving money. With so many online and local companies to choose from, it can be challenging to pick a lower cost insurer.
How to compare Fresno Honda Odyssey insurance price quotes
Getting cheaper Honda Odyssey car insurance pricing is a great way to save money. Just spend a few minutes on the computer comparing rate quotes online with multiple companies.
Comparison shopping quotes online is easy and it makes it a waste of time to spend time driving to all the different Fresno insurance agencies. The fact that you can get quotes online can eliminate the need for a local agent unless you’re the type of person who wants the professional advice only provided by licensed Fresno agents. It is possible with some companies price shop online but buy the policy through an agent.
The auto insurance companies shown below are ready to provide free rate quotes in Fresno, CA. In order to find the best cheap car insurance in California, we recommend you visit two to three different companies in order to find the most competitive rates.
Here’s why insurance is not optional
Despite the high cost, insurance serves several important purposes.
- Most states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability protection in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Honda Odyssey has a lienholder, it’s most likely the lender will stipulate that you have full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Honda at a more expensive rate and require you to reimburse them the higher price.
- Insurance protects both your Honda Odyssey and your personal assets. It also can pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your insurance policy will cover the repair costs.
The benefits of carrying adequate insurance definitely exceed the price paid, especially when you need to use it. The average driver in California is overpaying over $820 a year so shop around each time the policy renews to ensure rates are competitive.
Data for Honda Odyssey insurance
The coverage information shown below showcases estimates of rate quotes for Honda Odyssey models. Being able to understand how insurance quotes are calculated can help guide drivers when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $324 | $648 | $534 | $32 | $160 | $1,698 | $142 |
| Odyssey EX | $324 | $790 | $534 | $32 | $160 | $1,840 | $153 |
| Odyssey EX W/Rear Entertainment | $324 | $790 | $534 | $32 | $160 | $1,840 | $153 |
| Odyssey EX-L | $372 | $930 | $534 | $32 | $160 | $2,028 | $169 |
| Odyssey EX-L W/Rear Entertainment | $372 | $930 | $534 | $32 | $160 | $2,028 | $169 |
| Odyssey EX-L W/Navigation | $372 | $930 | $534 | $32 | $160 | $2,028 | $169 |
| Odyssey Touring | $420 | $930 | $534 | $32 | $160 | $2,076 | $173 |
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in Fresno location which can impact insurance rates considerably.
Choosing deductibles
One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The comparison tables below illustrate the rate difference between low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $332 | $564 | $442 | $26 | $132 | $1,521 | $127 |
| Odyssey EX | $332 | $686 | $442 | $26 | $132 | $1,643 | $137 |
| Odyssey EX W/Rear Entertainment | $332 | $686 | $442 | $26 | $132 | $1,643 | $137 |
| Odyssey EX-L | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Odyssey EX-L W/Rear Entertainment | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Odyssey EX-L W/Navigation | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Odyssey Touring | $430 | $810 | $442 | $26 | $132 | $1,865 | $155 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Odyssey LX | $242 | $382 | $442 | $26 | $132 | $1,224 | $102 |
| Odyssey EX | $242 | $464 | $442 | $26 | $132 | $1,306 | $109 |
| Odyssey EX W/Rear Entertainment | $242 | $464 | $442 | $26 | $132 | $1,306 | $109 |
| Odyssey EX-L | $278 | $546 | $442 | $26 | $132 | $1,424 | $119 |
| Odyssey EX-L W/Rear Entertainment | $278 | $546 | $442 | $26 | $132 | $1,424 | $119 |
| Odyssey EX-L W/Navigation | $278 | $546 | $442 | $26 | $132 | $1,424 | $119 |
| Odyssey Touring | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can influence insurance rates considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $30 more each month or $360 a year across all Honda Odyssey models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 13 months between claims, you would come out ahead if you decide on a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $100 deductibles: | $144 |
| Average monthly premium for $500 deductibles (subtract): | – $114 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
An important sidenote is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket at claim time. You need to have enough savings in the event you have to pay more to get your vehicle repaired.
Rate comparison of men versus women in Fresno
The diagram below illustrates the difference between Honda Odyssey yearly insurance costs for male and female drivers. The rates are based on a clean driving record, no claims, full physical damage coverage, $500 deductibles, single marital status, and no policy discounts are applied.
Does full coverage make sense?
The illustration below visualizes the comparison of Honda Odyssey auto insurance rates with full physical damage coverage and with liability coverage only. The information is based on no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are applied.
Should you pay for full coverage?
There isn’t a written rule of when to drop full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Honda Odyssey claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying your policy deductible. If you are paying in excess of $800 annually for your policy with full coverage, then it could be time to drop full coverage.
There are a few situations where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not remove full coverage.
Get cheaper rates on Honda Odyssey insurance in Fresno with these insurance discounts
Insuring your vehicles can cost a lot, but companies offer discounts that may help make it more affordable. Some discounts apply automatically when you complete an application, but less common discounts must be asked about before you get the savings. If you don’t get every credit available, you are not getting the best rate possible.
- Policy Bundle Discount – If you combine your homeowners and auto policies and insure them both with the same insurance company you could earn a discount of over 10 percent off each policy depending on the company.
- Drivers Ed for Students – It’s a good idea to have your young drivers participate in a local driver’s education class as it can save substantially.
- Club Memberships – Having an affiliation with a qualifying organization could qualify you for a break on your next renewal.
- E-sign Discounts – A handful of companies will provide an incentive for buying your policy online.
- Discount for Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
- Early Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid monthly service charges.
As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as collision or personal injury protection. Even though it appears having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
The information below shows the comparison of Honda Odyssey yearly insurance costs with and without discounts. The information is based on a male driver, no violations or accidents, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, claim-free, multi-car, and safe-driver discounts applied.
A few popular companies and their offered discounts are:
- The Hartford may include discounts for defensive driver, anti-theft, good student, vehicle fuel type, driver training, and air bag.
- American Family may offer discounts for multi-vehicle, accident-free, Steer into Savings, air bags, and TimeAway discount.
- Progressive may have discounts that include online quote discount, multi-vehicle, online signing, good student, and continuous coverage.
- Travelers policyholders can earn discounts including multi-policy, new car, early quote, multi-car, continuous insurance, and driver training.
- Farmers Insurance offers premium reductions for electronic funds transfer, switch companies, alternative fuel, youthful driver, and multi-car.
- USAA discounts include driver training, loyalty savings, new vehicle, family discount, and good student.
- Liberty Mutual has discounts for new vehicle discount, good student, newly retired, exclusive group savings, and new move discount.
If you are trying to find cheaper Fresno auto insurance quotes, ask all the companies how many discounts you can get. Discounts might not be available to policyholders in your area.