Honda Odyssey Insurance Rates in Lubbock

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Insurance rates Honda Odyssey in LubbockLocating cheaper insurance for a Honda Odyssey in Texas can turn out to be a painful process, but you can use a few tricks to find lower rates. There is a better way to find car insurance online so you're going to learn the quickest way to quote coverages for a new or used Honda and get the lowest possible price from Lubbock insurance agents and online providers.

Consumers need to quote other rates as often as possible because car insurance prices are rarely the same from one policy term to another. Even if you think you had the best quotes on Honda Odyssey insurance in Lubbock a year ago there is a good chance you can find better rates now. Forget all the misinformation about car insurance because I'm going to let you in on the secrets to the best way to find better coverage on Honda Odyssey insurance in Lubbock at a better price.

Affordable Lubbock Honda Odyssey insurance price quotes

Finding a better price on car insurance can be surprisingly simple. You just need to spend a few minutes getting comparison quotes to discover which company has low cost Lubbock auto insurance quotes.

The companies shown below are our best choices to provide comparison quotes in Texas. In order to find the best car insurance in Lubbock, TX, we recommend you visit as many as you can to get the best price comparison.

Lower rates by qualifying for discounts

Companies offering auto insurance don't always publicize every possible discount in a way that's easy to find, so we break down both the well known in addition to some of the lesser obvious discounts that may be available. If you don't get every credit available, you could be paying more than you need to.Auto insurance discounts

  • Low Mileage Discounts - Maintaining low annual mileage could be rewarded with better prices on cars that stay parked.
  • Senior Citizens - Drivers over the age of 55 may receive a small decrease in premiums.
  • Passive Restraints and Air Bags - Cars that have air bags may qualify for discounts as much as 30%.
  • Own a Home - Just owning your own home can save you money because it shows financial diligence.
  • Multi-Vehicle Discounts - Buying coverage for multiple cars or trucks on a single policy may reduce the rate for each vehicle.
  • Student in College - Any of your kids who attend college more than 100 miles from Lubbock without a vehicle on campus can receive lower rates.
  • Braking Control Discount - Vehicles that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Claim-Free Discount - Claim-free drivers pay less when compared to insureds who have frequent claims or accidents.
  • Include Life Insurance and Save - Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy some life insurance in addition to your auto policy.
  • Drivers Education - Have your child take driver's ed class in high school.

Policy discounts save money, but most of the big mark downs will not be given to the whole policy. Most only reduce the cost of specific coverages such as comp or med pay. Even though it appears you could get a free auto insurance policy, it doesn't quite work that way. But any discount will positively reduce the amount you pay for coverage.

The chart below illustrates the comparison of Honda Odyssey insurance costs with and without policy discounts. The information is based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, marriage, claim-free, and multi-policy discounts applied.

To see a list of insurance companies offering auto insurance discounts in Lubbock, follow this link.

Detailed insurance information

The information displayed below outlines a range of insurance premium costs for Honda Odyssey models. Being aware of how auto insurance premiums are calculated can help you make informed decisions when comparing rate quotes.

Honda Odyssey Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $292 $408 $500 $30 $150 $1,380 $115
Odyssey EX $292 $496 $500 $30 $150 $1,468 $122
Odyssey EX W/Rear Entertainment $292 $496 $500 $30 $150 $1,468 $122
Odyssey EX-L $336 $584 $500 $30 $150 $1,600 $133
Odyssey EX-L W/Rear Entertainment $336 $584 $500 $30 $150 $1,600 $133
Odyssey EX-L W/Navigation $336 $584 $500 $30 $150 $1,600 $133
Odyssey Touring $378 $584 $500 $30 $150 $1,642 $137
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can modify rates substantially.

Analysis of deductible levels

One common question asked by Lubbock drivers is which comprehensive and collision deductibles to buy. The data tables below can help you visualize how much more you'll pay between low and high insurance deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Honda Odyssey insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $286 $486 $382 $22 $114 $1,315 $110
Odyssey EX $286 $592 $382 $22 $114 $1,421 $118
Odyssey EX W/Rear Entertainment $286 $592 $382 $22 $114 $1,421 $118
Odyssey EX-L $328 $698 $382 $22 $114 $1,569 $131
Odyssey EX-L W/Rear Entertainment $328 $698 $382 $22 $114 $1,569 $131
Odyssey EX-L W/Navigation $328 $698 $382 $22 $114 $1,569 $131
Odyssey Touring $370 $698 $382 $22 $114 $1,611 $134
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Honda Odyssey insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $208 $328 $382 $22 $114 $1,054 $88
Odyssey EX $208 $400 $382 $22 $114 $1,126 $94
Odyssey EX W/Rear Entertainment $208 $400 $382 $22 $114 $1,126 $94
Odyssey EX-L $240 $472 $382 $22 $114 $1,230 $103
Odyssey EX-L W/Rear Entertainment $240 $472 $382 $22 $114 $1,230 $103
Odyssey EX-L W/Navigation $240 $472 $382 $22 $114 $1,230 $103
Odyssey Touring $270 $472 $382 $22 $114 $1,260 $105
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in specific location information which can alter auto insurance rates substantially.

Based on this data, using a $100 deductible will cost you roughly $26 more each month or $312 annually than buying the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 15 months between claims, you would save more money by selecting a higher deductible.

The information below illustrates how your choice of deductibles and can affect Honda Odyssey insurance rates for different categories of driver ages. The rates are based on a single female driver, full physical damage coverage, and no discounts are factored in.

Illustration showing the impact of accidents and violations

The illustration below illustrates how speeding tickets and at-fault accidents can drive up Honda Odyssey insurance premiums for different ages of insureds. The premiums are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Gender differences in car insurance premiums

The chart below illustrates the comparison of Honda Odyssey yearly insurance costs for male and female drivers. Data assumes no claims or driving citations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are factored in.

Full coverage rates compared to liability-only

The information below shows the comparison of Honda Odyssey auto insurance rates when comparing full coverage to state minimum liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.

When to stop paying for full coverage

There is no exact formula for dropping full coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let's say your Honda Odyssey settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying your deductible. If premium cost is more than $200 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Why Your Insurance Rates might be higher

Many factors are used when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are more obscure like your continuous coverage or your commute time. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that aid in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you better auto insurance rates.

Drivers with high credit save - Your credit history is likely to be a major factor in determining what you pay. If your credit history is lower than you'd like, you may save money insuring your Honda Odyssey if you clean up your credit. Consumers who have very high credit ratings tend to be more responsible and file fewer claims than drivers with worse credit.

Increase coverage deductibles to save - Your deductibles are how much you are required to spend before a claim is paid by your company. Physical damage insurance, also called comprehensive and collision insurance, is used to repair damage to your car. Some examples of claims that would be covered are rear-ending another vehicle, animal collisions, or theft of your vehicle. The more damage repair cost you pay before a claim is paid (deductible), the less money you will pay for auto insurance.

Add-on coverages that may not be needed - There are many extra coverages that you can get tricked into buying on your Odyssey policy. Coverage for things like rental car reimbursement, high-cost glass coverage, and term life insurance are examples of these. These coverages may sound good when buying your policy, but if they're wasting money remove them from your policy.

Premiums are high for teenagers - Beginning drivers in Texas are proven to be inattentive with other occupants in the car and because of this, their auto insurance rates are much higher. Having to add a teenage driver onto a policy can break the bank. Older insureds are more responsible, cost insurance companies less in claims, and usually have better credit.

The chart below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Loss statistics for a Honda Odyssey - Insurance companies study historical loss data to help determine the price you pay. Models that have higher number or severity of losses will be charged more to insure.

The table below illustrates the historical loss data for Honda Odyssey vehicles. For each policy coverage type, the claim amount for all vehicles combined as an average is a value of 100. Values that are below 100 represent a good loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.

Car Insurance Loss Data for Honda Odyssey Models
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