Compare Honda Odyssey Insurance Rate Quotes in Raleigh

It’s safe to assume that car insurance companies want to keep you from comparing prices. Drivers who shop rates annually are very likely to switch companies because there is a high probability of finding a cheaper policy. A recent insurance study discovered that people who compared rate quotes regularly saved about $72 a month compared to those who never compared rates.

If finding budget-friendly Honda Odyssey insurance is the reason you’re here, understanding how to shop for coverages can make it simple to find affordable coverage.

The easiest way to find affordable quotes for Honda Odyssey insurance in Raleigh is to compare prices once a year from providers in North Carolina. Rates can be compared by following these guidelines.

1. Get a basic knowledge of individual coverages and the changes you can make to lower rates. Many rating criteria that cause high rates like accidents, careless driving, and a negative credit score can be remedied by being financially responsible and driving safely. Read the full article for more details to find cheap rates and earn a bigger discount.
2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like GEICO and Allstate, while independent agencies can provide prices for many different companies. View companies
3. Compare the price quotes to the price on your current policy and see if you can save money. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.

A valuable tip to remember is to try to compare the same coverage limits and deductibles on each price quote and and to compare as many companies as feasibly possible. Doing this provides a fair rate comparison and and a good selection of different prices.

Check for these seven money saving discounts

Companies offering auto insurance do not advertise every discount they offer very well, so the next list breaks down both the well known and the harder-to-find credits that you can use to lower your rates.

• Multi-car Discount – Purchasing coverage when you have primary and secondary vehicles with the same company could earn a price break for each car.
• Discounts for Federal Employees – Having worked for a branch of the government can save as much as 8% but check with your company.
• E-sign Discounts – Some auto insurance companies will provide an incentive for buying your policy on their website.
• Passive Restraints – Options like air bags or motorized seat belts can get savings of 25 to 30%.
• College Student – Children who attend college more than 100 miles from Raleigh without a vehicle on campus could qualify for this discount.
• Onboard Data Collection – People who choose to allow their company to spy on vehicle usage by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease as long as the data is positive.
• Bundle and Save – If you insure your home and vehicles with one company you could earn a discount of up to 20% off your total Odyssey insurance premium.

We need to note that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that you can get free auto insurance, insurance companies wouldn’t stay in business.

The example below visualizes the comparison of Honda Odyssey yearly insurance costs with and without discounts applied. The premiums assume a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, claim-free, homeowner, and safe-driver discounts applied.

The best auto insurance companies and a selection of discounts are:

• Farm Bureau discounts include youthful driver, good student, renewal discount, safe driver, multi-policy, and 55 and retired.
• State Farm includes discounts for anti-theft, Drive Safe & Save, safe vehicle, good driver, accident-free, and Steer Clear safe driver discount.
• Progressive policyholders can earn discounts including online quote discount, multi-vehicle, good student, multi-policy, homeowner, online signing, and continuous coverage.
• Allstate offers discounts for senior citizen, anti-theft, EZ pay plan discount, anti-lock brakes, auto/life discount, and premier discount.
• Nationwide offers premium reductions for family plan, easy pay, accident-free, good student, business or organization, multi-policy, and defensive driving.
• MetLife offers discounts including good student, multi-policy, claim-free, defensive driver, and accident-free.

Check with every prospective company which discounts you may be entitled to. Depending on the company, some discounts may not be offered in Raleigh. To see a list of insurers that have a full spectrum of discounts in Raleigh, click here to view.

How to shop Honda Odyssey insurance online

To get low cost Raleigh car insurance quotes, there a variety of ways to compare prices from local Raleigh car insurance companies. One of the best ways to find competitive Honda Odyssey insurance rates consists of shopping online.

Comparing rate quotes online is fast and free, and it makes it a waste of time to go to different agent offices. Doing it all online makes this process obsolete unless you have a need for the advice and guidance of a licensed agent. It is possible with some companies get prices online but buy the policy through an agent. When comparing car insurance rates, know that making a lot of price comparisons will enable you to find the best price.

The providers in the list below have been selected to offer price comparisons in North Carolina. To find the best cheap car insurance in Raleigh, it’s highly recommended you visit two to three different companies to get the best price comparison.

Honda Odyssey coverage analysis

The rate table below outlines different coverage costs for Honda Odyssey models. Knowing how prices are established can assist in making decisions when shopping your coverage around.

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific Raleigh garaging location which can lower or raise coverage rates significantly.

Policy deductible comparison

One of the hardest decisions when shopping for insurance is how high should the physical damage deductibles be. The tables below determine the differences in premium rates when you select higher and lower deductibles. The first rate estimation uses a $100 deductible for physical damage and the second price chart uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Table data does not factor in your specific Raleigh location which can influence insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible costs approximately $26 more each month or $312 for a full year than selecting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 35 months between claims, you would save more money if you opt for a higher deductible. Below is an example of how you can do this calculation yourself.

The example below demonstrates how deductible levels and can impact Honda Odyssey insurance rates for different age groups of insureds. The information is based on a married female driver, full coverage, and no additional discounts are factored in.

Insurance rates are higher with tickets and accidents

The diagram below illustrates how violations and at-fault collisions raise Honda Odyssey auto insurance rates for different age groups. Data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Compare prices but work with a local neighborhood Raleigh car insurance agent

Many people would prefer to visit with an insurance agent and that is recommended in a lot of cases The biggest benefit of getting free rate quotes online is you can get the lowest rates and still have an agent to talk to.

For easy comparison, once you complete this short form, your insurance coverage information gets sent to companies in Raleigh who want to provide quotes to get your business. You won’t need to find an agent as quotes are delivered immediately to your email address. Get lower rates without having to waste a lot of time. If you have a need to compare prices from one company in particular, feel free to visit that company’s website and submit a quote form there.

Finding a good insurance company shouldn’t rely on just the price. These are valid questions to ask:

• Do you need full coverage on every vehicle?
• Are they able to influence company decisions when a claim is filed?
• How is replacement cost determined on your vehicle?
• Do they get paid more for recommending certain coverages?
• Do you work with a CSR or direct with the agent?
• Can you use your own choice of collision repair facility?
• Is their price quote a firm figure or are their hidden costs?
• Has the agent ever had any license suspensions?

When searching for a reputable insurance agent or broker, you must know there are a couple different agency structures that you can choose from. Raleigh agents may be either exclusive or independent (non-exclusive).

Exclusive Agencies

Exclusive agencies can usually just insure with one company such as State Farm or Allstate. These agents are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agencies receive extensive training on sales techniques which aids in selling service over price.

The following is a short list of exclusive agents in Raleigh that are able to give price quotes.

View more agents

Independent Insurance Agents

These type of agents can quote rates with many companies and that enables them to quote your coverage with a variety of different insurance companies and potentially find a lower price. If premiums increase, your policy is moved internally which makes it simple for you.

When searching for an agent, it’s recommended you get some free quotes from at a minimum one independent agency for maximum quote selection.

Shown below is a short list of independent agents in Raleigh that can give you price quote information.

View more agents

Why you need insurance for your Honda vehicle

Despite the fact that car insurance is not cheap in Raleigh, paying for car insurance is required in North Carolina but also provides important benefits.

• The majority of states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In North Carolina 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 Honda, most banks will have a requirement that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may insure your Honda for a lot more money and force you to reimburse them much more than you were paying before.
• Insurance safeguards not only your car but also your financial assets. Insurance will also pay for medical transport and hospital expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance outweigh the cost, particularly for liability claims. According to a recent study, the average American driver is currently overpaying as much as $820 a year so it’s recommended you shop around once a year at a minimum to ensure rates are inline.

Car insurance coverage considerations

Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average car insurance policy.

Liability car insurance

Liability coverage protects you from damage that occurs to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 30/60/25 that means you have a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like structural damage, court costs and medical services. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible. North Carolina requires minimum liability limits of 30/60/25 but you should think about purchasing more liability than the minimum.

The chart below shows why low liability limits may not be adequate coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Honda Odyssey.

Since a lot of drivers carry very low liability coverage limits (which is 30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage protection

This will pay to fix damage to your Odyssey caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like sideswiping another vehicle, backing into a parked car, scraping a guard rail and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible on your Odyssey to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as theft, a broken windshield, vandalism and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense insurance

Med pay and PIP coverage pay for expenses for things like surgery, hospital visits and doctor visits. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Quote more to save more

When shopping online for insurance, do not skimp on critical coverages to save a buck or two. There have been many cases where someone dropped comprehensive coverage or liability limits and learned later that it was a big error on their part. The aim is to find the BEST coverage at the best cost but still have enough coverage for asset protection.

Cheaper insurance in Raleigh is attainable from both online companies as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide rates over the internet and these small insurance companies sell through independent insurance agencies.

Other information

• Insurance losses by make and model (Insurance Institute for Highway Safety)
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• Who Has the Cheapest Raleigh Auto Insurance Rates for Teachers? (FAQ)
• Who Has Affordable Auto Insurance for a 20 Year Old Female in Raleigh? (FAQ)
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• What Auto Insurance is Cheapest for Real Estate Agents in Raleigh? (FAQ)
• Should I Buy a New or Used Car? (Allstate)
• Collision Insurance Coverage (Nationwide)
• Can I Drive Legally without Insurance? (Insurance Information Institute)