Discount Honda Odyssey insuranceCutting costs on Honda Odyssey insurance in Colorado Springs can seem to be quite difficult for drivers who have little experience online comparison shopping. Consumers have so many options available that it can quickly become a big hassle to compare coverage rates on Honda Odyssey insurance.

Amazingly, a recent NerdWallet.com study showed that the vast majority of consumers have bought car insurance from the same company for at least the last four years, and almost half have never compared rate quotes at all. With the average car insurance premium being $1,813, Colorado Springs drivers could save themselves 35% a year just by shopping around, but they just assume it takes a lot of time to do a rate comparison.

Low-cost companies for Honda Odyssey insurance

The companies shown below offer quotes in Colorado. If the list has multiple companies, we recommend you visit several of them to get the most competitive price.

Honda Odyssey Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $228 $424 $456 $28 $136 $1,272 $106
Odyssey EX $292 $672 $474 $28 $142 $1,608 $134
Odyssey EX W/Rear Entertainment $126 $282 $396 $24 $118 $946 $79
Odyssey EX-L $296 $740 $426 $26 $128 $1,616 $135
Odyssey EX-L W/Rear Entertainment $246 $496 $362 $22 $108 $1,234 $103
Odyssey EX-L W/Navigation $260 $662 $396 $24 $118 $1,460 $122
Odyssey Touring $182 $384 $456 $28 $136 $1,186 $99
Get Your Own Custom Quote Go

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums greatly.

Policy deductible comparison

The chart below illustrates how choosing a deductible and can raise or lower Honda Odyssey insurance costs for different age groups. Data assumes a single male driver, comp and collision included, and no policy discounts are applied.

Full coverage or liability only

The illustration below visualizes the comparison of Honda Odyssey auto insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or violations, $100 deductibles, married male driver, and no other discounts are factored in.

When to stop buying physical damage coverage

There is no set rule to delete comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's say your Honda Odyssey book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after you pay the deductible. If it's costing in excess of $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some conditions where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Drive safe and save

The illustration below demonstrates how speeding tickets and at-fault accidents can affect Honda Odyssey annual premium costs for different age groups. The rate quotes are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

Honda Odyssey insurance discounts in Colorado Springs

Insurance can be prohibitively expensive, but you can get discounts that can help lower your rates. Certain credits will be shown when you purchase, but once in a while a discount must be inquired about before they will apply.Cheaper insurance with discounts

As a disclaimer on discounts, many deductions do not apply to the entire policy premium. A few only apply to individual premiums such as collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, you aren't that lucky. Any qualifying discounts will help lower the amount you have to pay.

Larger insurance companies and a selection of discounts are outlined below.

When quoting, ask each company what discounts are available to you. Discounts may not apply to policies in Colorado Springs. To choose insurance companies with discount rates in Colorado Springs, click here.

Why You Might Pay Higher Rates in Colorado Springs

Many factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as your driving history, although some other factors are less apparent like your continuous coverage or how financially stable you are. One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that help determine the price you pay for car insurance. If you have some idea of what impacts premium levels, this enables you to make decisions that could result in cheaper rates.

Shown below are some of the things that factor into premiums.

Will just any policy work for me?

Always keep in mind that when comparing proper insurance coverage, there is no one size fits all plan. Everyone's situation is a little different so your insurance needs to address that.Higher deductibles save money For instance, these questions can help discover whether your personal situation would benefit from professional advice.

If you can't answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

You may require the services of an agent

Some people just prefer to talk to a local agent and we recommend doing that A good thing about getting free rate quotes online is the fact that you can find lower prices but also keep your business local.

Insurance agents in Colorado SpringsTo find an agent, once you fill out this simple form, the quote information is submitted to local insurance agents who will return price quotes and help you find cheaper coverage. There is no need to contact any agents because prices are sent directly to your email. You can find the lowest rates AND a local agent. If for some reason you want to compare rates from a specific company, you can always find their quoting web page and give them your coverage information.

Selecting an insurer requires more thought than just a cheap price quote. Here are some questions to ask:

The following are agents in Colorado Springs that can give you price quote information for Honda Odyssey insurance in Colorado Springs.

More Colorado Springs agents

If you receive reasonable responses to these questions and an affordable coverage quote, you've probably found an insurer that is a good match to properly insure your vehicles.

Insurance advertisements

Allstate and Progressive regularly use ads on TV and radio. They all seem to seem to make the promise that drivers will save a bundle if you change your insurance policy to them. It sounds good, but how can they all make the same claim?

Different companies provide the lowest rates for the type of driver that earns them the most money. An example of a desirable risk might be between the ages of 30 and 45, insures multiple vehicles, and drives newer vehicles. A propective insured who meets those qualifications will most likely get cheap premium rates and will probably pay quite a bit less when switching companies.

Consumers who may not quite match the requirements will get a higher premium with the end result being the customer not buying. If you listen to the ad wording, they say "people that switch" but not "everyone who gets a quote" save money. That's why companies can truthfully make those statements. This really emphasizes why you need to do a rate comparison at every renewal. Because you never know the company that will have better car insurance rates than you're paying now.

Cheaper auto insurance rates are possible

There are still a few companies who don't offer online quoting and most of the time these smaller providers only sell through local independent agencies. More affordable auto insurance in Colorado Springs can be purchased from both online companies and from local insurance agents, and you should compare rates from both to get a complete price analysis.

When buying insurance coverage, do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped uninsured motorist or liability limits only to find out that it was a big mistake. Your goal is to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.

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