Insurance rates Honda Odyssey in Fort CollinsNobody looks forward to paying premiums for car insurance, especially when they are aware that the cost is too high.

Unfortunately, most drivers kept their policy with the same company for well over three years, and approximately 40% of consumers have never even compared quotes to find lower-cost rates. Fort Collins insurance shoppers could cut their rates by as much as $610 a year just by comparing rates, but they underestimate the actual amount they would save if they switched.

You have multiple car insurance companies to purchase coverage from, and though it is a good thing to be able to choose, lots of choices makes it harder to locate the cheapest rates for Honda Odyssey insurance in Fort Collins.

Why Your Insurance Prices might be higher

Many different elements are considered when pricing auto insurance. Most are fairly basic like a motor vehicle report, but other criteria are less apparent like where you live and annual miles driven. Part of the car insurance buying process is learning some of the factors that are used to determine your premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that could result in better car insurance rates.

The list below includes a partial list of the pieces used by companies to determine your rate level.

Rental and towing coverage may not be needed - Insurance policies have a lot of extra add-on coverages that you can get tricked into buying on your Odyssey policy. Coverages like rental car reimbursement, towing, and membership fees could be just wasting money. These may sound like a good investment when deciding what coverages you need, but your needs may have changed so think about removing them and cutting costs.

Premiums are affected by your credit rating - Credit rating is likely to be a major factor in calculating your car insurance rates. If your credit history leaves room for improvement, you may save money insuring your Honda Odyssey by taking the time to improve your credit score. Insureds that have high credit scores tend to file fewer claims and have better driving records as compared to drivers with bad credit.

Higher premiums for demanding jobs - Do you work in a high-stress field? Occupations like fire fighters, airline pilots, and stock brokers are shown to have the highest rates because of intense work-related stress and incredibly demanding work hours. On the flip side, occupations such as farmers, engineers and the unemployed have lower than average premiums.

Annual mileage and car insurance rates - The more you drive annually the higher your rate. The majority of insurers calculate prices based on their usage. Cars left parked in the garage cost less to insure as compared to vehicles used primarily for driving to work. Make sure your car insurance policy is showing the right rating data. An improperly rated Odyssey may be costing you higher rates.

Gender impacts rates - Over the last 50 years, statistics have shown that females take fewer risks when driving. It does not mean males are worse at driving than females. Women and men cause accidents in similar percentages, but males tend to have more serious accidents. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.

Premiums increase with driving tickets - How you drive impacts premiums far more than you think. Getting just one speeding ticket or other violation can increase rates twenty percent or more. Drivers with clean records tend to pay less for car insurance than bad drivers. Drivers who have gotten careless violations such as DUI, reckless driving or excessive speeding are required to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

Cut car insurance rates and deter theft - Selecting a car model with advanced anti-theft systems can get you a discount on your car insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your car from being stolen.

What's your car's NHTSA crash test rating? - Vehicles with good safety scores can get you lower premiums. Safer cars reduce the chance of injuries and any reduction in injury severity translates into savings for insurance companies and more competitive rates for policyholders. If your Honda scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Loss statistics for a Honda Odyssey - Insurers use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that statistically have higher claim frequency or loss amount will have higher rates.

The table below outlines the historical loss data for Honda Odyssey vehicles. For each policy coverage type, the loss probablilty for all vehicles, without regard to make or model, is a value of 100. Values below 100 suggest a better than average loss history, while percentage values above 100 indicate more frequent losses or larger claims.

Honda Odyssey Insurance Loss Statistics

Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Odyssey 78 83 75 82 78 71
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

To find the best insurance rates, there are several ways to compare rate quotes from local Fort Collins insurance companies. By far the easiest way to find the lowest rates is to jump online and get quotes.

It's so easy to compare rates online that it replaces the need to drive around to insurance agencies in your area. Doing it all online eliminates the middleman unless your situation requires the trained advice of a local agency. If you prefer, some companies allow you to comparison shop your insurance online but purchase the actual policy in an agency.

Just remember that comparing more quotes will improve the odds of getting a lower rate.

The companies shown below can provide free quotes in Colorado. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.

Honda Odyssey Insurance Rates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $226 $440 $368 $22 $110 $1,166 $97
Odyssey EX $204 $448 $396 $24 $118 $1,190 $99
Odyssey EX W/Rear Entertainment $220 $368 $460 $28 $138 $1,214 $101
Odyssey EX-L $246 $496 $362 $22 $108 $1,234 $103
Odyssey EX-L W/Rear Entertainment $144 $332 $368 $22 $110 $976 $81
Odyssey EX-L W/Navigation $212 $458 $338 $20 $100 $1,128 $94
Odyssey Touring $184 $332 $358 $22 $108 $1,004 $84
Get Your Own Custom Quote Go

Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in specific zip code location which can alter coverage prices greatly.

Raise deductibles and save

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The rates below can help you visualize the cost difference between high and low deductibles. The first pricing table uses a $100 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Honda Odyssey insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $264 $448 $352 $20 $106 $1,215 $101
Odyssey EX $264 $546 $352 $20 $106 $1,313 $109
Odyssey EX W/Rear Entertainment $264 $546 $352 $20 $106 $1,313 $109
Odyssey EX-L $302 $644 $352 $20 $106 $1,449 $121
Odyssey EX-L W/Rear Entertainment $302 $644 $352 $20 $106 $1,449 $121
Odyssey EX-L W/Navigation $302 $644 $352 $20 $106 $1,449 $121
Odyssey Touring $342 $644 $352 $20 $106 $1,489 $124
Get Your Own Custom Quote Go
Honda Odyssey insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $146 $236 $352 $20 $106 $860 $72
Odyssey EX $146 $288 $352 $20 $106 $912 $76
Odyssey EX W/Rear Entertainment $146 $288 $352 $20 $106 $912 $76
Odyssey EX-L $168 $340 $352 $20 $106 $986 $82
Odyssey EX-L W/Rear Entertainment $168 $340 $352 $20 $106 $986 $82
Odyssey EX-L W/Navigation $168 $340 $352 $20 $106 $986 $82
Odyssey Touring $190 $340 $352 $20 $106 $1,008 $84
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price estimates do not factor in specific location which can decrease or increase coverage prices considerably.

Based on the above data, using a $100 deductible costs roughly $36 more each month or $432 a year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 25 months between claim filings, you would come out ahead if you elect the higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $115
Average monthly premium for $1,000 deductibles (subtract): - $79
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

One important caveat is that a higher deductible level means you pay more out-of-pocket when you have a comprehensive or collision claim. You need access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.

Honda Odyssey insurance costs by age and gender

The diagram below compares Honda Odyssey insurance prices for male and female drivers. The rates are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

It may be expensive, but it's not optional

Despite the high cost, insuring your vehicle serves several important purposes.

The benefits of having car insurance definitely exceed the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is currently overpaying as much as $810 a year so you should quote your policy with other companies each time the policy renews to ensure rates are competitive.

These discounts can lower your auto insurance rates

Buying auto insurance is not cheap, but you can get discounts that you may not know about. Most are applied when you quote, but some must be specially asked for prior to receiving the credit.Auto insurance discounts

Just know that most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it's possible to get free car insurance, you aren't that lucky.

Car insurance companies that may offer policyholders some of the above discounts include:

When getting a coverage quote, ask each company how many discounts you can get. Depending on the company, some discounts might not apply in Fort Collins. If you would like to view providers that offer many of these discounts in Fort Collins, click here to view.

Do I need a local insurance agent?

A small number of people would rather buy from a local agent and that is a personal choice. A good thing about price shopping on the web is that drivers can save money and get cheap auto insurance rates and still have an agent to talk to.

Fort Collins insurance agentsTo find an agent, once you fill out this quick form, the quote information is sent to local insurance agents who want to provide quotes for your business. You won't need to contact an agency since price quotes are sent directly to your email. You can find better rates and a licensed agent to work with. If you want to get a comparison quote from one company in particular, don't hesitate to visit that company's website and give them your coverage information.

Finding the right insurer needs to be determined by more than just a cheap quote. You should also get answers to these questions.

If you're trying to find a local agent, there are a couple of different types of agencies that you can choose from. Fort Collins agents may be either independent agents or exclusive agents.

Exclusive Auto Insurance Agents

Exclusive agents normally can only provide a single company's rates such as Farmers Insurance, State Farm, or Allstate. These agents are not able to place coverage with different providers so it's a take it or leave it situation. They receive a lot of sales training on the products they sell and that enables them to sell even at higher rates.

Shown below are Fort Collins exclusive agencies who may provide you with rate quotes.


375 E Horsetooth Rd Bldg 6100 - Fort Collins, CO 80525 - (970) 223-0940 - View Map


1136 E Stuart St #2220 - Fort Collins, CO 80525 - (970) 223-2911 - View Map


1057 Robertson St - Fort Collins, CO 80524 - (970) 224-4285 - View Map

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Independent Auto Insurance Agents

Independent agents are not employed by any specific company and that is an advantage because they can write policies with lots of companies and find you the best rates. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part. When searching for an agent, it's a good idea to get rate quotes from independent agents to get the most accurate price comparison.

The following is a short list of independent insurance agencies in Fort Collins that can give you price quotes.


148 W Oak St - Fort Collins, CO 80524 - (970) 490-1530 - View Map


4532 E Boardwalk Dr #200 - Fort Collins, CO 80525 - (970) 482-7747 - View Map


1719 E Mulberry St - Fort Collins, CO 80524 - (970) 663-5811 - View Map

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A conclusion for your car insurance search

While you're price shopping online, never buy less coverage just to save a little money. There are many occasions where someone dropped liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.

Cost effective Honda Odyssey insurance is definitely available online in addition to many Fort Collins insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not provide internet price quotes and most of the time these small, regional companies provide coverage only through independent agencies.

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