How to Compare Miami Honda Odyssey Insurance

Insurance rates Honda Odyssey in MiamiWant to know how to find more affordable car insurance rates in Miami, FL? Miami drivers have options when trying to find the best price on Honda Odyssey insurance. You can either spend your time struggling with agents to get rate comparisons or leverage the internet to find the lowest rates. There is a better way to compare car insurance rates and you need to know the best way to get price quotes for your Honda and get the lowest possible price from Miami insurance agents and online providers.

A study showed that nearly 70% of customers have purchased from the same company for a minimum of four years, and about 40% of consumers have never even compared rates from other companies. Consumers in Miami could pocket 55% a year just by shopping around, but they just assume it’s a time-consuming process to compare rates.

It’s a great practice to compare prices every six months because car insurance prices change regularly. Despite the fact that you may have had the best deal on Honda Odyssey insurance in Miami two years ago there may be better deals available now. Forget all the misinformation about car insurance because we’re going to demonstrate how to use online quotes to get good coverage on Honda Odyssey insurance in Miami at a lower rate.

The quickest way to get policy rate comparisons for Honda Odyssey insurance in Miami is to know the trick almost all companies participate in a system to compare their rates. To start a quote, the only thing you need to do is provide a small amount of information such as if the vehicle is leased, your occupation, which vehicles you own, and if your license is active. Your insurance information is sent automatically to multiple companies and you receive quotes quickly.

To check rates for your car now, click here and see if a lower rate is available in Miami.

The companies shown below are our best choices to provide free quotes in Florida. If you want to find cheap car insurance in Miami, FL, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Facts and figures for Honda Odyssey insurance

The coverage table shown below highlights detailed analysis of insurance coverage prices for Honda Odyssey models. Understanding how insurance policy rates are established can be valuable when making smart choices when buying a car insurance policy.

Honda Odyssey Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $158 $258 $430 $26 $128 $1,000 $83
Odyssey EX $158 $314 $430 $26 $128 $1,056 $88
Odyssey EX W/Rear Entertainment $158 $314 $430 $26 $128 $1,056 $88
Odyssey EX-L $182 $370 $430 $26 $128 $1,136 $95
Odyssey EX-L W/Rear Entertainment $182 $370 $430 $26 $128 $1,136 $95
Odyssey EX-L W/Navigation $182 $370 $430 $26 $128 $1,136 $95
Odyssey Touring $204 $370 $430 $26 $128 $1,158 $97
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Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific garaging location which can lower or raise prices noticeably.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is how high or low should comp and collision deductibles be. The following insurance rates lay out the cost difference between low and high comp and collision deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Honda Odyssey insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $312 $532 $418 $24 $124 $1,435 $120
Odyssey EX $312 $648 $418 $24 $124 $1,551 $129
Odyssey EX W/Rear Entertainment $312 $648 $418 $24 $124 $1,551 $129
Odyssey EX-L $358 $764 $418 $24 $124 $1,713 $143
Odyssey EX-L W/Rear Entertainment $358 $764 $418 $24 $124 $1,713 $143
Odyssey EX-L W/Navigation $358 $764 $418 $24 $124 $1,713 $143
Odyssey Touring $406 $764 $418 $24 $124 $1,761 $147
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Honda Odyssey insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $228 $360 $418 $24 $124 $1,154 $96
Odyssey EX $228 $438 $418 $24 $124 $1,232 $103
Odyssey EX W/Rear Entertainment $228 $438 $418 $24 $124 $1,232 $103
Odyssey EX-L $262 $516 $418 $24 $124 $1,344 $112
Odyssey EX-L W/Rear Entertainment $262 $516 $418 $24 $124 $1,344 $112
Odyssey EX-L W/Navigation $262 $516 $418 $24 $124 $1,344 $112
Odyssey Touring $296 $516 $418 $24 $124 $1,378 $115
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Prices do not factor in specific location information which can raise or lower premiums greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs an average of $28 more each month or $336 annually than buying the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at least 14 months between claims, you would come out ahead by going with a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $136
Average monthly premium for $500 deductibles (subtract): – $108
Monthly savings from raising deductible: $28
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

Impact of careless driving on auto insurance rates

The illustration below highlights how speeding tickets and at-fault fender-benders can raise Honda Odyssey insurance costs for different age groups of insureds. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Does full coverage make sense?

The information below shows the comparison of Honda Odyssey annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no clear-cut formula to delete comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Honda Odyssey replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the deductible is paid. If you are currently paying more than $300 annually to have full coverage, then it may be the right time to buy liability only.

There are some situations where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Car insurance discounts are available to cut your rates

Some companies don’t always list all possible discounts in an easy-to-find place, so the list below contains some of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy Miami auto insurance online.Cheaper car insurance with discounts

Please keep in mind that some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like you could get a free car insurance policy, companies wouldn’t make money that way.

The example below visualizes the comparison of Honda Odyssey insurance costs with and without discounts applied to the rates. The rates are based on a male driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, homeowner, multi-policy, and marriage discounts applied.

Larger car insurance companies and their possible discounts are shown below.

Before you buy a policy, ask every insurance company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply in every state. If you would like to choose from a list of car insurance companies who offer discounts in Florida, click here to view.

Buying the right Honda vehicle insurance in Florida is an important decision

Despite the high cost of buying insurance for a Honda Odyssey in Miami, insurance may be required and benefits you in several ways.

The benefits of having insurance definitely exceed the price paid, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $700 annually so compare quotes from several companies at least once a year to ensure rates are competitive.

What is the best car insurance company in Miami?

Finding a high-quality car insurance provider can be difficult considering how many choices you have in Florida. The rank data shown below could help you decide which companies to look at shopping your coverage with.

Top 10 Miami Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Miami Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Do I just need basic coverages?

Always remember that when buying coverage online or from an agent, there is no “perfect” insurance plan. Everyone’s situation is unique.Drive safe and save

For example, these questions could help you determine whether or not you would benefit from an agent’s advice.

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

When to get advice from an agent

A lot of people just want to talk to an insurance agent and that can be a smart move Good insurance agents are very good at helping people manage risk and help submit paperwork. The best thing about comparing auto insurance online is you can get cheap auto insurance rates and still choose a local agent.

Insurance agents in MiamiAfter filling out this quick form, the quote information is submitted to local insurance agents in Miami that provide free Miami auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to do any legwork because quoted prices will be sent directly to you. If you have a need to get a rate quote from a specific auto insurance provider, just go to their quote page and give them your coverage information.

Finding a good provider should depend on more than just a cheap price. These are valid questions to ask:

If you’re trying to find a good Miami insurance agent, it’s important to understand the types of insurance agents that you can select. Agencies in Miami are considered either independent agents or exclusive agents depending on their employer. Both types of agents can write auto insurance policies, but it’s important to point out the subtle differences since it can impact buying decisions.

Exclusive Insurance Agencies

Agents that elect to be exclusive have only one company to place business with such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agencies are unable to place coverage with different providers so you need to shop around if the rates are high. These agents are highly trained on what they offer which helps them sell insurance even at higher premiums. Some people will only purchase coverage from exclusives mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.

Shown below is a short list of exclusive insurance agencies in Miami willing to provide rate quotes.

More Miami agents

Independent Insurance Agents

Agents that choose to be independent are not locked into one company and that gives them the ability to insure through many different auto insurance companies and find the cheapest auto insurance rates. If they find a cheaper price, your agent can switch companies which makes it simple for you. When searching for an agent, you will definitely want to get several quotes from multiple independent agents to have the most options to choose from. Most independent agents also contract with small regional insurance companies which may provide better rates.

Listed below is a short list of independent agencies in Miami willing to provide price quotes.

More Miami agents

After getting positive responses as well as the cheapest Honda Odyssey insurance in Miami quotes, most likely you have located an insurance agency that is reputable and can adequately provide auto insurance.