Best Rates for Honda Odyssey Insurance in Indianapolis

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Really, the only way to find affordable quotes for auto insurance rates is to make a habit of comparing prices annually from companies who sell insurance in Indianapolis. You can shop around by completing these steps.

First, gain an understanding of coverages and the things you can change to prevent rate increases. Many risk factors that are responsible for high rates like traffic citations, accidents, and an imperfect credit rating can be rectified by making minor changes in your lifestyle.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agencies can quote prices from many different companies.

Third, compare the new quotes to your existing coverage and see if there is a cheaper rate in Indianapolis. If you can save money, make sure there is no lapse in coverage.

Fourth, tell your current agent or company to cancel your existing policy and submit a down payment and signed policy application for the new coverage. Once received, put the proof of insurance certificate along with the vehicle's registration papers.

A good tip to remember is to make sure you enter the same liability limits and deductibles on every price quote and and to get price estimates from as many companies as feasibly possible. This provides a fair rate comparison and a complete rate analysis.

Discount Honda Odyssey insuranceIt goes without saying that insurance companies don't want you to look for cheaper rates. Insureds who compare rates at least once a year will presumably buy a different policy because the odds are good of getting low-cost coverage. A recent auto insurance study discovered that people who compared rates regularly saved about $3,450 over four years compared to those who didn't regularly shop around.

If finding low prices for Honda Odyssey insurance in Indianapolis is your objective, then having a grasp of how to find and compare cheaper coverage can save time and money.

When comparison shopping, comparing a large number of companies increases your odds of finding the best offered rates.

The companies in the list below are ready to provide price quotes in Indiana. If the list has multiple companies, we suggest you compare several of them to get a more complete price comparison.

Honda Odyssey coverage analysis

The premium information below outlines estimates of insurance premium costs for Honda Odyssey models. Having knowledge of how insurance rates are established can benefit drivers when making informed decisions.

Honda Odyssey Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $100 $194 $318 $18 $94 $724 $60
Odyssey EX $100 $236 $318 $18 $94 $766 $64
Odyssey EX W/Rear Entertainment $100 $236 $318 $18 $94 $766 $64
Odyssey EX-L $116 $280 $318 $18 $94 $826 $69
Odyssey EX-L W/Rear Entertainment $116 $280 $318 $18 $94 $826 $69
Odyssey EX-L W/Navigation $116 $280 $318 $18 $94 $826 $69
Odyssey Touring $130 $280 $318 $18 $94 $840 $70
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate quotes do not factor in vehicle location which can revise premium rates greatly.

Policy deductible comparison

One frequently asked question is which deductible level should you buy. The tables below help summarize how much more you'll pay of buying low and high physical damage coverage deductibles. The first set of prices uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.

Honda Odyssey insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $210 $358 $280 $16 $84 $973 $81
Odyssey EX $210 $436 $280 $16 $84 $1,051 $88
Odyssey EX W/Rear Entertainment $210 $436 $280 $16 $84 $1,051 $88
Odyssey EX-L $242 $514 $280 $16 $84 $1,161 $97
Odyssey EX-L W/Rear Entertainment $242 $514 $280 $16 $84 $1,161 $97
Odyssey EX-L W/Navigation $242 $514 $280 $16 $84 $1,161 $97
Odyssey Touring $272 $514 $280 $16 $84 $1,191 $99
Get Your Own Custom Quote Go
Honda Odyssey insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $154 $242 $280 $16 $84 $776 $65
Odyssey EX $154 $294 $280 $16 $84 $828 $69
Odyssey EX W/Rear Entertainment $154 $294 $280 $16 $84 $828 $69
Odyssey EX-L $176 $348 $280 $16 $84 $904 $75
Odyssey EX-L W/Rear Entertainment $176 $348 $280 $16 $84 $904 $75
Odyssey EX-L W/Navigation $176 $348 $280 $16 $84 $904 $75
Odyssey Touring $200 $348 $280 $16 $84 $928 $77
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Table data does not factor in specific location which can revise rates considerably.

Based on these figures, using a $100 deductible will cost you roughly $20 more each month or $240 every year across all Honda Odyssey models than buying the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go at least 20 months between claim filings, you would most likely save money by selecting a higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $92
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One thing to be aware of is that a higher deductible results in a higher out-of-pocket expense when you do file a claim. You should have enough disposable savings in order to pay the deductible.

Age, gender, and Honda Odyssey insurance

The chart below shows the difference between Honda Odyssey car insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Full coverage or liability only

The diagram below illustrates the comparison of Honda Odyssey premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There isn't a written rule to drop full coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's assume your Honda Odyssey book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If it's costing in excess of $400 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some scenarios where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Insurance can be complex

When quoting and comparing your policy for your personal vehicles, there isn't really a best way to insure your cars. Everyone's needs are different and your insurance should unique, too.Insurance savings Here are some questions about coverages that may help you determine if you would benefit from an agent's advice.

  • What happens if I owe more than my Honda Odyssey is worth?
  • Why am I required to buy high-risk coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What is roadside assistance coverage?
  • Does coverage extend to Mexico or Canada?
  • Do I pay less if my vehicle is kept in my garage?
  • Can I use my car for my catering business?

If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking 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.

Insurance is available from local agents

A lot of people still like to buy from a licensed agent and doing that can be a smart decision A good thing about comparing insurance prices online is that you can obtain cheaper premium rates and still choose a local agent.

Insurance agents in IndianapolisBy using this quick form, the coverage information is submitted to participating agents in Indianapolis who want to provide quotes for your insurance coverage. You won't even need to contact any agents as quotes are delivered to you directly. It's the lowest rates AND a local agent. If you have a need to get a comparison quote from a specific insurance provider, you would need to search and find their rate quote page and submit a quote form there.

Finding a good insurance company shouldn't rely on just the price. These are some questions your agent should answer.

  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • Can you use your own choice of collision repair facility?
  • Will they make sure you get an adequate claim settlement?
  • What are their preferred companies if they are an independent agency?
  • Can they provide you with a list of referrals?
  • Do they offer accident forgiveness?
  • Do they specialize in personal lines coverage in Indianapolis?

If you want to use a local agent, it can be helpful to understand the different types of agents and how they are distinctly different. Insurance policy providers are either exclusive or independent.

Exclusive Agencies

Agents in the exclusive channel can only quote rates from one company such as State Farm, Allstate, and Farm Bureau. Exclusive agents cannot compare rates from other companies so they have no alternatives for high prices. Exclusive agencies are usually well trained on their products and sales techniques and that allows them to sell at a higher price point. Consumers frequently use the same exclusive agent partially due to loyalty to the company and solid financial strength.

Below is a short list of exclusive insurance agencies in Indianapolis who may provide you with comparison quotes.

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Independent Agencies or Brokers

Agents that elect to be independent do not sell for just one brand so they have the ability to put coverage with multiple insurance companies and possibly get better coverage at lower prices. If your agent finds better pricing, your agent can just switch to a different company which is easy for the insured.

When comparing insurance rates, we recommend you get some free quotes from independent agents to ensure the widest selection of prices. Many can place coverage with mutual insurance companies which may have better rates.

Shown below are independent insurance agents in Indianapolis that are able to give price quote information.

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