Cheap Insurance for a Honda Odyssey in Virginia Beach

Discount Honda Odyssey insuranceThe easiest way to find lower priced Honda Odyssey insurance is to compare prices at least once a year from different companies who can sell car insurance in Virginia Beach. Prices can be compared by following these guidelines.

First, spend a few minutes and learn about how your policy works and the modifications you can make to keep rates down. Many things that cause rate increases such as tickets, at-fault accidents, and a substandard credit score can be amended by making small lifestyle or driving habit changes. Keep reading for more information to get cheaper rates and get additional discounts that may be available.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and Allstate, while independent agencies can quote rates for a wide range of companies. Compare rates now

Third, compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in Virginia Beach. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give proper notification to your current agent or company to cancel your current auto insurance policy. Submit a down payment along with a completed application for your new policy. Make sure you keep your new proof of insurance certificate with your registration paperwork.

A crucial key to this process is to use the same level of coverage on every quote request and and to compare as many companies as feasibly possible. Doing this ensures a fair rate comparison and a thorough price selection.

It’s safe to assume that insurance companies want to prevent you from shopping around. Drivers who get price comparisons will probably switch to a new company because there is a great chance of finding a policy with more affordable rates. A recent auto insurance study discovered that consumers who made a habit of comparing rate quotes saved about $3,450 over four years as compared to drivers who never compared other company’s rates.

If finding budget-friendly car insurance in Virginia Beach is your objective, knowing the best way to shop and compare coverages can help make the process easier.

If you are already insured or need new coverage, you can use this information to find the best rates without reducing protection. Locating the best insurance company for you in Virginia Beach is much easier if you have a good place to start. Smart shoppers only have to learn the least time-consuming way to compare company rates instantly.

Don’t neglect these discounts

Car insurance is expensive, but companies offer discounts that you may not know about. Certain reductions will be credited when you purchase, but a few must be asked for prior to receiving the credit.

Remember that many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, it doesn’t quite work that way.

The illustration below shows the difference between Honda Odyssey annual premium costs with and without policy discounts. The costs are based on a female driver, no accidents, no driving violations, Virginia state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, marriage, and claim-free discounts applied.

To find companies with discount rates in Virginia Beach, follow this link.

Buy Virginia Beach Honda Odyssey insurance online

Finding cheaper Virginia Beach insurance rates can be surprisingly simple. Just invest a few minutes comparing rate quotes to find the company with low cost Virginia Beach auto insurance quotes.

Doing online quotes comparisons is so easy that it replaces the need to drive around to insurance agents’ offices. Quoting and buying Honda Odyssey insurance online has made agencies unnecessary unless you want the personal advice of a licensed agent. Some companies do allow you to price shop your coverage online but buy from a local insurance agent.

The car insurance companies shown below provide free quotes in Virginia. If multiple companies are listed, it’s a good idea that you visit as many as you can to find the most affordable car insurance rates.

Rate information and statistics

The rate table shown next outlines a range of insurance premium costs for Honda Odyssey models. Knowing how premiums are determined helps drivers make smart buying decisions.

Honda Odyssey Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $168 $270 $262 $16 $78 $794 $66
Odyssey EX $168 $328 $262 $16 $78 $852 $71
Odyssey EX W/Rear Entertainment $168 $328 $262 $16 $78 $852 $71
Odyssey EX-L $192 $386 $262 $16 $78 $934 $78
Odyssey EX-L W/Rear Entertainment $192 $386 $262 $16 $78 $934 $78
Odyssey EX-L W/Navigation $192 $386 $262 $16 $78 $934 $78
Odyssey Touring $218 $386 $262 $16 $78 $960 $80
Get Your Own Custom Quote Go

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in zip code location which can increase or decrease price quotes significantly.

Should you raise deductibles?

A question often asked by Virginia Beach drivers is how high should the deductibles for physical damage be. The rates below lay out the premium difference when you select higher and lower coverage deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Honda Odyssey insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $192 $328 $258 $16 $78 $897 $75
Odyssey EX $192 $400 $258 $16 $78 $969 $81
Odyssey EX W/Rear Entertainment $192 $400 $258 $16 $78 $969 $81
Odyssey EX-L $222 $472 $258 $16 $78 $1,071 $89
Odyssey EX-L W/Rear Entertainment $222 $472 $258 $16 $78 $1,071 $89
Odyssey EX-L W/Navigation $222 $472 $258 $16 $78 $1,071 $89
Odyssey Touring $250 $472 $258 $16 $78 $1,099 $92
Get Your Own Custom Quote Go

Honda Odyssey insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $108 $174 $258 $16 $78 $634 $53
Odyssey EX $108 $210 $258 $16 $78 $670 $56
Odyssey EX W/Rear Entertainment $108 $210 $258 $16 $78 $670 $56
Odyssey EX-L $122 $248 $258 $16 $78 $722 $60
Odyssey EX-L W/Rear Entertainment $122 $248 $258 $16 $78 $722 $60
Odyssey EX-L W/Navigation $122 $248 $258 $16 $78 $722 $60
Odyssey Touring $138 $248 $258 $16 $78 $738 $62
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price estimates do not factor in zip code location which can modify coverage rates substantially.

Using the data above, we can ascertain that using a $100 deductible costs an average of $27 more each month or $324 annually than selecting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 33 months between claims, you would save more money by selecting a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $85
Average monthly premium for $1,000 deductibles (subtract): – $58
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

Full coverage rates vs. liability-only

The information below visualizes the comparison of Honda Odyssey auto insurance costs with liability coverage only compared to full coverage. The data is based on no accidents, no driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.

When to stop buying full coverage

There is no definitive rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Honda Odyssey replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after the policy deductible has been paid. If premium cost is more than $700 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Find Honda Odyssey Insurance More Affordably

Many different elements are used when quoting car insurance. Some factors are common sense such as your driving history, but other criteria are more transparent such as your credit history or your commute time.

Combining policies can get discounts – The majority of insurance companies will award a discount to insureds who buy several policies from them in the form of a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. If you currently are using one company, you may still want to compare Honda Odyssey rates in Virginia Beach to guarantee you are still saving the most.There is a chance you can find a better deal by buying insurance from more than one company.

Raise physical damage deductibles and save – The deductibles you choose are the amount of money you are required to pay in the event of a claim. Physical damage protection, termed comprehensive and collision coverage on your policy, protects your car from damage. Some instances where coverage would apply are rear-ending another vehicle, fire damage, or theft of your vehicle. The more damage repair cost the insured is willing to pay, the less your company will charge you for insurance.

Save miles driven and save money – The more you drive every year the more you’ll pay to insure it. Many insurance companies calculate prices based on how the vehicle is used. Vehicles left parked in the garage can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your Odyssey can cost quite a bit. It’s a good idea to make sure your vehicle rating shows the correct usage for each vehicle.

Rates can change based on your address – Living in smaller towns and rural areas of the country can be a good thing when buying auto insurance. People in densely populated areas have to deal with congested traffic and longer commutes to work. Less people living in that area means less chance of accidents in addition to lower liability claims.

Job reflects on rates – Occupations like judges, executives, and accountants generally pay higher premium rates because of stressful work requirements and lots of time spent at work. On the other hand, careers like farmers, students and homemakers have lower than average premiums.

Honda Odyssey claim statistics – Insurers study historical loss data when setting rates for each model. Vehicles that have higher losses will be charged more to insure. The table below shows the loss history for Honda Odyssey vehicles.

For each policy coverage type, the claim probability for all vehicles, as an average, is considered to be 100. Values under 100 indicate better than average losses, while percentage values above 100 point to more frequent losses or a tendency for losses to be larger than average.

Insurance Loss Ratings for Honda Odyssey Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Odyssey 78 83 75 82 78 71

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

Auto insurance agents can give valuable advice

Some people still prefer to go talk to an agent and doing so can bring peace of mind Professional agents are highly skilled in risk management and help you file claims. A nice benefit of getting free rate quotes online is that drivers can save money and get lower rates and still choose a local agent.

Insurance agents in Virginia BeachOnce you complete this simple form, your insurance coverage information is submitted to participating agents in Virginia Beach who want to provide quotes to get your business. You don’t have to even leave your home because quoted prices will be sent to you. If you need to compare prices from a specific insurance company, feel free to search and find their rate quote page and complete a quote there.

Picking the best provider needs to be determined by more than just a cheap quote. Here are some questions to ask:

Independent or Exclusive: It’s your choice

If you’re trying to find a local Virginia Beach insurance agent, you should know the different agency structures that you can choose from. Agents are categorized either exclusive agents or independent agents. Either type can do a good job, but we need to point out the subtle differences because it may have an impact on which type of agent you select.

Exclusive Agents

Agents of this type have only one company to place business with and some examples include American Family, State Farm, and AAA. Exclusive agents cannot shop your coverage around so you might not find the best rates. These agents are usually quite knowledgeable on sales techniques which can be an advantage.

Shown below are exclusive agencies in Virginia Beach willing to provide price quote information.

1485 General Booth Blvd ste. 114Virginia Beach, VA 23454(757) 499-0559View Map

3617 Dam Neck RdVirginia Beach, VA 23453(757) 430-9000View Map

Ken Crowder – State Farm Insurance Agent
5802 E Virginia Beach Blvd #128Norfolk, VA 23502(757) 461-2027View Map

View more agents

Independent Insurance Agents

Independent agents are not limited to a single company so they can quote policies with a variety of different insurance companies and find the cheapest auto insurance rates. To transfer your coverage to a different company, they simply move the coverage in-house and you can keep the same agent.

If you are trying to find cheaper rates, it’s recommended you get insurance quotes from independent agents to get the best comparison.

Listed below are Virginia Beach independent agents that are able to give price quote information.

2433 N Landing RdVirginia Beach, VA 23456(757) 301-6397View Map

533 Newtown Rd #112Virginia Beach, VA 23462(757) 497-1899View Map

4176 S Plaza Trail Ste 101Virginia Beach, VA 23452(757) 340-1200View Map

View more agents

If you get positive responses to these questions as well as an affordable premium quote, you may have just found an auto insurance agent that is professional and can insure your vehicles. But keep in mind policyholders can cancel a policy at any time so never feel that you are permanently stuck with any specific agency for a certain time period.

Why you need to buy car insurance

Even though Virginia Beach Odyssey insurance rates can get expensive, buying car insurance is a good idea for several reasons.

The benefits of insuring your car greatly outweigh the cost, especially for larger claims. But the average American driver is wasting up to $869 every year so you should quote your policy with other companies once a year at a minimum to make sure the price is not too high.

Lower rates by being persistent

Lower-priced insurance in Virginia Beach can be sourced on the web and from local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not offer internet price quotes and usually these regional insurance providers only sell through independent insurance agencies.

We’ve covered a lot of information how to find lower-cost Honda Odyssey insurance in Virginia Beach. The key thing to remember is the more quotes you get, the higher your chance of finding inexpensive Virginia Beach auto insurance quotes. You may even be surprised to find that the lowest car insurance rates come from a lesser-known regional company. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as Progressive and GEICO.

When shopping online for insurance, it’s a bad idea to reduce coverage to reduce premium. In too many instances, consumers will sacrifice comprehensive coverage or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The goal is to purchase plenty of coverage at the best cost, but don’t skip important coverages to save money.

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