Best Ways to Save on Cincinnati Honda Odyssey Insurance

  1. Home
  2. >
  3. Cincinnati Auto Insurance
  4. >
  5. Honda Odyssey

Honda Odyssey insurance
Honda Odyssey insurance image courtesy of

Insurance quote for Honda Odyssey in CincinnatiIf your goal is the lowest price, then the best way to get budget Honda Odyssey insurance is to compare prices once a year from insurers in Cincinnati. You can compare prices by following these steps.

Step 1: Take a few minutes and learn about how insurance companies determine prices and the changes you can make to prevent expensive coverage. Many factors that result in higher rates like at-fault accidents, speeding tickets, and your credit history can be improved by making lifestyle changes or driving safer.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agencies can provide prices for a wide range of insurance providers.

Step 3: Compare the new rates to your existing rates and see if you can save money. If you find a better price and change companies, make sure there is no lapse in coverage.

Step 4: Provide proper notification to your current company of your intent to cancel your existing policy. Submit any necessary down payment along with the completed application to the new company. Immediately upon receiving it, put the certificate verifying coverage with your registration paperwork.

One important bit of advice is to make sure you're comparing identical coverage information on every quote request and and to get quotes from as many carriers as you can. Doing this provides a fair rate comparison and a thorough price selection.

Anyone knows that car insurance companies don't want you shop around. Insureds who do rate comparisons are inclined to switch to a new company because there is a significant possibility of finding coverage at a more affordable price. A study discovered that people who compared price quotes annually saved on average $3,450 over four years compared to other drivers who never shopped around.

If finding the cheapest rates on Honda Odyssey insurance in Cincinnati is the reason for your visit, then understanding how to find and compare insurance can make shopping around easier.

Best companies for low-cost Honda Odyssey insurance in Ohio

The car insurance companies shown below provide free quotes in Ohio. If multiple companies are listed, we recommend you click on several of them to get the most affordable price.

Analysis of coverages

The premium information displayed below covers detailed analysis of rate quotes for Honda Odyssey models. Having a better understanding of how car insurance prices are established can assist in making smart choices when purchasing an insurance policy.

Honda Odyssey Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $188 $356 $306 $18 $92 $960 $80
Odyssey EX $188 $434 $306 $18 $92 $1,038 $87
Odyssey EX W/Rear Entertainment $188 $434 $306 $18 $92 $1,038 $87
Odyssey EX-L $216 $512 $306 $18 $92 $1,144 $95
Odyssey EX-L W/Rear Entertainment $216 $512 $306 $18 $92 $1,144 $95
Odyssey EX-L W/Navigation $216 $512 $306 $18 $92 $1,144 $95
Odyssey Touring $244 $512 $306 $18 $92 $1,172 $98
Get Your Own Custom Quote Go

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price estimates do not factor in vehicle garaging location which can influence prices noticeably.

Policy deductibles

The hardest decision when buying coverage is where should you set your physical damage deductibles. The comparisons below lay out the rate difference when you select higher and lower deductibles. The first set of rates uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Honda Odyssey insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $170 $290 $226 $14 $68 $793 $66
Odyssey EX $170 $352 $226 $14 $68 $855 $71
Odyssey EX W/Rear Entertainment $170 $352 $226 $14 $68 $855 $71
Odyssey EX-L $196 $416 $226 $14 $68 $945 $79
Odyssey EX-L W/Rear Entertainment $196 $416 $226 $14 $68 $945 $79
Odyssey EX-L W/Navigation $196 $416 $226 $14 $68 $945 $79
Odyssey Touring $220 $416 $226 $14 $68 $969 $81
Get Your Own Custom Quote Go
Honda Odyssey insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $94 $152 $226 $14 $68 $554 $46
Odyssey EX $94 $186 $226 $14 $68 $588 $49
Odyssey EX W/Rear Entertainment $94 $186 $226 $14 $68 $588 $49
Odyssey EX-L $108 $220 $226 $14 $68 $636 $53
Odyssey EX-L W/Rear Entertainment $108 $220 $226 $14 $68 $636 $53
Odyssey EX-L W/Navigation $108 $220 $226 $14 $68 $636 $53
Odyssey Touring $122 $220 $226 $14 $68 $650 $54
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in specific Cincinnati garaging 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 in the ballpark of $24 more each month or $288 for a full year across all Honda Odyssey models than selecting the higher $1,000 deductible. Because you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 38 months between claims, you would probably be better off by selecting a higher deductible.

How accidents and violations affect rates

The example below illustrates how traffic citations and at-fault fender-benders can influence Honda Odyssey car insurance costs for different categories of driver ages. The information is based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The illustration below compares Honda Odyssey car insurance rates when comparing full coverage to liability only. The data is based on no claims or driving citations, $250 deductibles, single marital status, and no discounts are applied.

Are you wasting money paying for full coverage?

There is no definitive rule of when to phase out physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's assume your Honda Odyssey settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are paying more than $800 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not recommended. If you haven't paid off your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

How Insurance Companies Calculate Honda Odyssey Insurance Rates

Multiple criteria are used in the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, although others are less apparent like your continuous coverage or how safe your car is.

The itemized list below are some of the major factors insurance companies consider when setting premiums.

Cars with good safety ratings save money - Safer cars can get you lower premiums. Highly rated vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and cheaper rates on your policy. If your Honda Odyssey has ratings of a minimum four stars on or an "acceptable" rating on you may pay a lower rate.

Annual mileage impacts premiums - The more you drive your Honda each year the higher your rates will be. A lot of companies rate vehicles based upon how you use the vehicle. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Verify your insurance coverage reflects the correct usage for each vehicle, because improper ratings can cost you money. An incorrectly rated Odyssey may be costing you higher rates.

Don't cut corners with liability - Your insurance policy's liability coverage is the protection when you are determined to be liable for causing damage or personal injury in an accident. This coverage provides legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so insureds should have plenty of protection for their assets.

Avoid unnecessary add-on coverages - There are a lot of additional coverages that can waste your money on your insurance policy. Insurance for things like rental car reimbursement, death and dismemberment, and Farm Bureau memberships are probably not needed. The coverages may be enticing when buying your policy, but now you might not need them so eliminate them to save money.

Never have insurance lapses - Not maintaining insurance is against the law and you may have a hard time finding new coverage because you let your coverage have a gap. In addition to paying higher premiums, getting caught without coverage may earn you a hefty fine and possibly a revoked license.

Coverage deductibles are a factor - Insurance for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Honda. Some instances where coverage would apply could be collision with another vehicle, damage caused by hail, and damage from a fallen tree branch. The deductibles are how much you are required to spend before a claim is paid by your company. The more damage repair cost the insured is willing to pay, the bigger discount you will receive.

Prices may be higher where you live - Being located in smaller towns and rural areas of the country is a positive aspect when shopping for auto insurance. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates. Drivers who live in large Ohio cities have to deal with more road rage incidents and more time behind the wheel. Spending more time driving statistically corresponds to a higher accident and claim rate.

Drivers with high credit save on insurance - Your credit score is a large factor in calculating your premium rate. People that have high credit scores tend to be better drivers and file fewer claims than those with poor credit. Therefore, if your credit could use some work, you could pay less to insure your Honda Odyssey by improving your rating.

Honda Odyssey claim probability - Companies use data from past claims to help calculate premium rates. Vehicles that have higher number or severity of losses will have a higher cost to insure. The information below illustrates the insurance loss data for Honda Odyssey vehicles.

For each type of coverage, the loss probability for all vehicles averaged together is set at 100. Values below 100 indicate a favorable loss history, while numbers above 100 indicate more frequent claims or an increased probability 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

Honda Odyssey insurance discounts in Cincinnati

Insurance can cost an arm and a leg, but you can get discounts that can drop the cost substantially. Some trigger automatically when you get a quote, but lesser-known reductions have to be manually applied before you will receive the discount.Cheaper car insurance with discounts

  • Active Service Discounts - Being deployed in the military could be rewarded with lower rates.
  • Data Collection Discounts - Insureds that choose to allow their company to look at driving patterns remotely such as In-Drive from State Farm or Allstate's Drivewise system may see discounts as long as they are good drivers.
  • Bundle and Save - If you have multiple policies and insure them with the same company they may give you a discount of up to 20% and get you the cheapest Honda Odyssey insurance in Cincinnati.
  • Student Discount for Driver Training - Require your teen driver to participate in a local driver's education class in school or through a local driver safety program.
  • Low Mileage Discounts - Maintaining low annual mileage could earn lower rates due to less chance of an accident.
  • One Accident Forgiven - Not a discount per se, but a handful of insurance companies permit an accident without the usual rate increase so long as you haven't had any claims prior to the accident.
  • Use Seat Belts - Requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Theft Deterrent Discount - Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10% off your Cincinnati auto insurance quote.
  • Defensive Driver - Taking time to complete a safe driver course can save you 5% or more if you qualify.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, you won't be that lucky.

The illustration below compares Honda Odyssey car insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-car, homeowner, and multi-policy discounts applied.

The best car insurance companies and their offered discounts are outlined below.

  • State Farm may offer discounts for multiple policy, good driver, good student, multiple autos, and student away at school.
  • American Family offers discounts for early bird, multi-vehicle, TimeAway discount, accident-free, Steer into Savings, and good student.
  • GEICO policyholders can earn discounts including daytime running lights, good student, anti-lock brakes, seat belt use, defensive driver, and anti-theft.
  • 21st Century offers discounts including 55 and older, good student, early bird, air bags, theft prevention, student driver, and automatic seat belts.
  • Progressive discounts include online quote discount, multi-vehicle, continuous coverage, homeowner, and online signing.

If you need the cheapest Honda Odyssey rate quotes, ask each company or agent which discounts you qualify for. Depending on the company, some discounts may not apply in every state. To see companies that can offer you the previously mentioned discounts in Cincinnati, follow this link.

Comparing quotes from local Cincinnati insurance agents

A small number of people would rather have an agent's advice and doing so can bring peace of mind Licensed agents will help you protect your assets and help you file claims. A nice benefit of comparing rate quotes online is the fact that drivers can get cheaper rates but also keep your business local.

To find an agent, once you fill out this simple form, your coverage information is emailed to local insurance agents who will give you quotes for your coverage. It's much easier because you don't need to contact any agents as quotes are delivered to you directly. If you have a need to get a comparison quote from a particular provider, you would need to jump over to their website to submit a rate quote request.

Choosing the best insurance company requires you to look at more than just the bottom line cost. These questions are important to ask:

  • Are they involved in claim handling?
  • Does the agency have a positive business rating?
  • Do they have designations such as AIC, CPCU, or CIC?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • Are aftermarket or OEM parts used to repair vehicles?
  • Will their companies depreciate repairs to your car based on the mileage?
  • Are they able to influence company decisions when a claim is filed?

When narrowing the list to find a reliable insurance agency, you should know the types of agencies that differ in how they can insure your vehicles. Insurance agencies in Cincinnati are either exclusive or independent agents depending on their company appointments. Either one can sell car insurance policies, but it's important to know the difference between them because it can influence which type of agent you select.

Exclusive Car Insurance Agents

Exclusive insurance agents have only one company to place business with such as Farmers Insurance, Allstate, or State Farm. Exclusive agents are unable to give you multiple price quotes so you need to shop around if the rates are high. Exclusive agents are usually well trained in insurance sales which can be an advantage.

The following is a short list of exclusive insurance agents in Cincinnati that can give you price quotes.

Beth Wilker - State Farm Insurance Agent
8406 Winton Rd - Cincinnati, OH 45231 - (513) 521-0884 - View Map

Bob Donnelly - State Farm Insurance Agent
2063 Beechmont Ave - Cincinnati, OH 45230 - (513) 231-4975 - View Map

7225 Colerain Ave Ste 202 - Cincinnati, OH 45239 - (513) 221-7836 - View Map

View more Cincinnati agents

Independent Car Insurance Agents

Agents that choose to be independent are not limited to a single company and that enables them to quote your coverage with multiple insurance companies and get the cheapest rates. If premiums increase, they simply move your policy to a different company and the insured can keep the same agent. If you need lower rates, we recommend you compare prices from at a minimum one independent agency so that you have a good selection of quotes to compare.

Shown below are independent agencies in Cincinnati that are able to give price quote information.

2035 Reading Rd - Cincinnati, OH 45202 - (513) 221-1140 - View Map

6725 Miami Ave #102 - Cincinnati, OH 45243 - (513) 891-4400 - View Map

7750 Montgomery Rd - Cincinnati, OH 45236 - (513) 891-6615 - View Map

View more Cincinnati agents

It's not one size fits all

When quoting and comparing proper insurance coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Everyone's situation is unique so your insurance should reflect thatSafe vehicles cost less to insure For example, these questions could help you determine whether you might need an agent's assistance.

  • Do I need special endorsements for business use of my vehicle?
  • What can I do if my company won't pay a claim?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I have a commercial auto policy?
  • Where can I find high-risk insurance?
  • Can I get a multi-policy discount?
  • Do I need rental car coverage?

If you don't know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Quote often and quote early

When you buy Cincinnati auto insurance online, do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped collision coverage only to regret at claim time they didn't have enough coverage. The proper strategy is to buy a smart amount of coverage at the best price, but don't skip important coverages to save money.

Throughout this article, we presented many ways to compare Honda Odyssey insurance auto insurance rates in Cincinnati. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting cheaper Cincinnati auto insurance quotes. You may even discover the lowest priced car insurance comes from some of the smallest insurance companies. Regional companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

Additional detailed information can be found in these articles: