Do you want a faster way to compare more affordable Honda Odyssey insurance in Reno? Being forced to pay for high-priced insurance premiums can draw down your funds and require stricter spending habits. Performing a price comparison can save money and help to make ends meet.
Shockingly, a large majority of drivers have bought insurance from the same company for at least four years, and roughly 40% of drivers have never compared rates from other carriers. With the average insurance premium being $1,847, American drivers could save nearly $860 each year, but they don't believe the benefits if they just switched companies.
There are many car insurance companies to pick from, and even though it's nice to be able to choose, lots of choices makes it harder to find the lowest cost provider for Honda Odyssey insurance in Reno.
Most companies like Allstate, GEICO and Progressive allow consumers to get coverage price quotes on the web. Getting Honda Odyssey insurance prices online is very simple because it's just a matter of typing in your personal and coverage information into the quote form. After the form is submitted, the company's rating system pulls your credit score and driving record and provides a quote based on the information you submitted. This helps simplify price comparisons, and it's very important to perform this step in order to get the most affordable premium on car insurance.
In order to use this form to compare rates, compare rates from the companies below. If you currently have coverage, we recommend you duplicate deductibles and limits exactly as they are listed on your policy. This ensures you will be getting a rate comparison for similar coverage.
The companies shown below are our best choices to provide comparison quotes in Reno, NV. If multiple providers are shown, we suggest you click on several of them to get the most affordable price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Odyssey EX W/Rear Entertainment||$224||$470||$314||$18||$94||$1,120||$93|
|Odyssey EX-L W/Rear Entertainment||$260||$648||$372||$22||$112||$1,414||$118|
|Odyssey EX-L W/Navigation||$176||$350||$318||$18||$96||$958||$80|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific Reno garaging location which can influence premiums noticeably.
Cost difference between full coverage and liability
The chart below shows the comparison of Honda Odyssey yearly insurance costs with full coverage and liability only. The information is based on no claims or violations, $250 deductibles, single male driver, and no discounts are factored in.
Should you be buying full coverage?
There is no clear-cut rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let's say your Honda Odyssey claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after the deductible is paid. If you are paying in excess of $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some conditions where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Honda Odyssey insurance rates by age and gender
The chart below shows the difference between Honda Odyssey auto insurance rates for male and female drivers. The premium estimates are based on no claims or driving violations, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Policy deductible comparison
The chart below shows how different deductible levels and can change Honda Odyssey insurance costs for different insured age categories. Data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
Why you need Honda vehicle insurance in Nevada
Despite the high insurance cost for a Honda Odyssey in Reno, buying insurance may be required for several reasons.
First, most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to be legal. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your car with a loan, more than likely the lender will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Honda for a much higher rate and require you to fork over much more than you were paying before.
Third, insurance preserves not only your car but also your assets. Insurance will pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your Honda gets damaged, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of carrying adequate insurance definitely exceed the price paid, especially with large liability claims. Despite what companies tell you, the average driver is overpaying more than $865 each year so it's important to compare rates at every renewal to help ensure money is not being wasted.
Why Your Insurance Prices might be higher
Many different elements are part of the calculation when you get your auto insurance bill. Some are pretty understandable like an MVR report, but others are more transparent like your continuous coverage or how safe your car is.
- Driver age impacts costs - Youthful drivers in Nevada are statistically proven to be more careless when driving so car insurance rates are higher. Having to add a teen driver to your car insurance policy can be very expensive. Older drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and get fewer tickets.
- Annual mileage impacts costs - The higher the mileage driven in a year's time the higher your rates will be. The majority of insurers rate vehicles partially by how you use the vehicle. Vehicles that sit idle most of the time cost less to insure than vehicles that have high annual mileage. It's a smart idea to ensure your vehicle rating is rated on the correct driver usage, because it can save money. A policy that improperly rates your Odyssey is throwing money out the window.
- Do you qualify for a multi-policy discount? - Most larger companies afford discounts to customers that purchase more than one policy. It's known as a multi-policy discount. The discount can be 10 percent or more. Even though this discount sounds good, it's in your best interest to compare other company rates to guarantee you are still saving the most. Drivers may still find better rates even if you insure with multiple companies
- Certain jobs raise rates - Do you work in a high-stress field? Careers like fire fighters, executives and stock brokers tend to have higher premium rates due to job stress and lots of time spent at work. On the other hand, jobs like scientists, students and the unemployed pay the least.
- More people means more accidents - Residing in a rural area is a positive aspect when it comes to car insurance. Less people translates into fewer accident claims in addition to lower liability claims City drivers tend to have much more traffic and more time behind the wheel. Longer commute distances statistically corresponds to a higher accident and claim rate.
- Get married and pay lower premiums - Having a significant other helps lower the price on your car insurance bill. Marriage demonstrates that you tend to be less irresponsible and insurance companies reward insureds because married couples file fewer claims.
- Higher premiums for coverage lapses - Driving without insurance is a misdemeanor and companies may charge more for letting your coverage cancel without a new policy in place. Not only will you pay more, being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license. You will then be forced to submit proof of financial responsibility or a SR-22 with the Nevada DMV.
- Liability insurance limits are a factor - The liability section of your policy will afford coverage when you are determined to be liable for causing personal injury or damage in an accident. Your policy's liability insurance provides legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
- Insurance loss data for Honda Odyssey vehicles - Insurers use historical loss data as a tool for profitable underwriting. Vehicles that are shown to have a trend towards higher claims will cost more for specific coverages. The next table illustrates the insurance loss data used by companies for Honda Odyssey vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is represented as 100. Values under 100 mean the vehicle has better than average losses, while percentage numbers above 100 point to more frequent losses or larger claims.
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
Cheaper rates with these price cutting discounts
Insurance is not an enjoyable expense, but you might already qualify for some discounts that you may not even be aware of. Some of these discounts will be visible when you quote, but a few need to be manually applied before you will receive the discount. If they aren't giving you every credit you deserve, you could be saving more on your insurance.
- Seat Belts Save - Drivers who require all vehicle occupants to use a seat belt could cut 10% or more on the premium charged for medical payments and/or PIP.
- Low Mileage Discounts - Fewer annual miles on your Honda can earn substantially lower premium rates.
- Sign Early and Save - Some insurance companies provide a discount for switching policies before your current Odyssey insurance policy expires. It could save around 10% when you buy Reno car insurance online.
- Service Members Pay Less - Having a deployed family member may qualify for rate reductions.
- College Student - Children who live away from home at college and do not have access to a covered vehicle could get you a discount.
- Multiple Cars - Buying a policy with all your vehicles with one company can reduce the rates for all insured vehicles.
- Auto/Life Discount - Insurance companies who offer life insurance give a lower insurance rate if you buy some life insurance in addition to your auto policy.
- Air Bag Discount - Vehicles equipped with air bags or automatic seat belts can receive discounts of 20 to 30 percent.
- Theft Deterrent System - Cars, trucks, and SUVs that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- No Charge for an Accident - Not really a discount, but some insurance companies allow you one accident before raising your premiums if your claims history is clear for a specific time period.
It's important to understand that some of the credits will not apply to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn't be very happy.
Larger insurance companies and some of their more popular discounts are shown below.
- Farm Bureau discounts include 55 and retired, multi-policy, safe driver, multi-vehicle, and driver training.
- MetLife has discounts for multi-policy, claim-free, accident-free, good driver, and defensive driver.
- Progressive offers discounts for online signing, good student, online quote discount, multi-vehicle, and multi-policy.
- AAA offers premium reductions for AAA membership discount, anti-theft, pay-in-full, good student, and multi-policy.
- American Family has savings for good driver, mySafetyValet, good student, defensive driver, Steer into Savings, and air bags.
- GEICO may have discounts that include anti-theft, good student, driver training, daytime running lights, and federal employee.
- State Farm may include discounts for multiple policy, anti-theft, passive restraint, student away at school, Drive Safe & Save, good student, and good driver.
If you need inexpensive Reno car insurance quotes, ask all companies you are considering the best way to save money. All car insurance discounts may not apply in your area. To see insurance companies that offer some of these discounts in Reno, click here to view.
How much auto insurance do I need?
When it comes to choosing your policy, there is no single plan that fits everyone. Everyone's situation is a little different.
For instance, these questions can aid in determining if your situation would benefit from an agent's advice.
- Does car insurance cover theft of personal property?
- How high should deductibles be on a Honda Odyssey?
- When can my company non-renew my policy?
- Is my son or daughter covered when driving my car?
- What if I don't agree with a claim settlement offer?
- What if an uninsured driver hits me?
If it's difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don't have a local agent, fill out this quick form.
Should I get advice from an insurance agency?
Some people prefer to go talk to an agent and doing that can be a smart decision One of the best bonuses of price shopping on the web is that you can find lower rates and still have a local agent.
By using this quick form, your information gets sent to companies in Reno who will gladly provide quotes to get your business. There is no reason to contact any agents as quotes are delivered to the email address you provide. It's the lowest rates and a licensed agent to work with. If you need to quote rates from one company in particular, you just need to jump over to their website and complete a quote there.
Finding the right provider requires you to look at more than just the premium amount. Here are some questions to ask:
- How would your car be valued if totalled?
- Which company do they place the most coverage with?
- How many years of experience in personal auto insurance do they have?
- Is there a local claims center in Reno?
- How long has the business existed?
Is an exclusive or independent auto insurance agent right for you?
If you want to buy insurance from an insurance agent, it's important to understand the different types of agencies and how they work. Reno agents are either independent agents or exclusive agents.
These agents are contracted to one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot give you multiple price quotes so they are skilled at selling on more than just price. They receive extensive training on the products they sell which can be an advantage.
The following are Reno exclusive agents who may provide you with price quotes.
Independent Agents (or Brokers)
Independent insurance agents do not write with just one company so they can quote policies amongst many companies and help determine which has the cheapest rates. If prices rise, your agent can switch companies and you won't have to switch agencies.
When comparing insurance rates, we recommend you include rate quotes from at a minimum one independent agency so that you have a good selection of quotes to compare.
Below is a short list of independent insurance agents in Reno willing to provide price quotes.
After receiving positive feedback for all questions you ask and a good coverage price, you may have just found a car insurance agent that is a good match to properly insure your vehicles.
In the end, you can save money
While you're price shopping online, don't be tempted to reduce coverage to reduce premium. There are a lot of situations where an insured cut full coverage only to discover later they didn't purchase enough coverage. Your focus should be to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.
Consumers change insurance companies for a variety of reasons including high rates after DUI convictions, unfair underwriting practices, policy non-renewal or not issuing a premium refund. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.
We just showed you a lot of ways to reduce Honda Odyssey insurance prices online in Reno. It's most important to understand that the more you quote Reno car insurance, the better your comparison will be. Consumers may even find the best prices are with a smaller regional carrier.
Additional auto insurance information can be found below:
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance for a Dodge Ram in Nevada? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Business Use in Nevada? (FAQ)
- How Much are Nevada Car Insurance Rates for Drivers Over Age 60? (FAQ)
- What Auto Insurance is Cheapest for Unemployed Drivers in Nevada? (FAQ)
- Who Has the Cheapest Nevada Car Insurance Quotes for a Mazda CX-7? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Teen Driver Statistics (Insurance Information Institute)