Compare Honda Odyssey Insurance Quotes in Anchorage

Insurance rates Honda Odyssey in AnchorageSick and tired of robbing Peter to pay Paul each month for car insurance? You are in the same boat as the majority of other vehicle owners in Alaska.

Unbelievable but true, nearly 70% of consumers have purchased from the same company for over three years, and practically 40% of car insurance customers have never quoted car insurance rates at all. With the average car insurance premium being $1,158, Anchorage drivers can cut their rates by about 35% a year by just comparing quotes, but they don’t know the amount of savings they would get if they bought a different policy.

With vehicle owners having so many options when it comes to car insurance, it’s difficult to choose the most cost effective insurance company.

It’s important to price shop coverage yearly because car insurance prices tend to go up over time. Even if you think you had the lowest rates on Honda Odyssey insurance in Anchorage two years ago you can probably find a lower rate today. Block out anything you think you know about car insurance because it’s time to teach you how to use online quotes to save money, get proper coverage and the best rates.

This information will instruct you on how auto insurance companies operate and how you can save the most money. If you have insurance now, you will surely be able to get lower rates using the ideas you’re about to read. But Alaska car owners need to learn how the larger insurance companies market insurance on the web because rates are impacted by many factors.

Cheap Anchorage Honda Odyssey insurance

Most companies like State Farm and Allstate provide price estimates on the web. Getting quotes for Honda Odyssey insurance in Anchorage is fairly simple as you just enter the coverages you want on the page. After you submit the form the system obtains information on your driving record and credit history and returns pricing information. Quoting online for Honda Odyssey insurance in Anchorage simplifies rate comparisons, and it’s very important to get many rate quotes if you are searching for a lower rate.

To quickly use this form to compare rates, take a look at the companies shown below. If you currently have coverage, we recommend you type in the limits and deductibles exactly as shown on your declarations page. This way, you will be getting comparison quotes for the exact same coverage.

The companies shown below offer comparison quotes in Anchorage, AK. To buy cheaper auto insurance in Alaska, we recommend you visit two to three different companies to get the best price comparison.

Coverage statistics and figures

The price information displayed next outlines estimates of insurance policy prices for Honda Odyssey models. Knowing how prices are figured can be of help when making decisions when shopping around.

Honda Odyssey Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $226 $428 $368 $22 $110 $1,154 $96
Odyssey EX $226 $520 $368 $22 $110 $1,246 $104
Odyssey EX W/Rear Entertainment $226 $520 $368 $22 $110 $1,246 $104
Odyssey EX-L $260 $612 $368 $22 $110 $1,372 $114
Odyssey EX-L W/Rear Entertainment $260 $612 $368 $22 $110 $1,372 $114
Odyssey EX-L W/Navigation $260 $612 $368 $22 $110 $1,372 $114
Odyssey Touring $294 $612 $368 $22 $110 $1,406 $117
Get Your Own Custom Quote Go

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in specific zip code location which can influence rates greatly.

Should you raise deductibles?

One of the hardest decisions when shopping for insurance is which deductibles should you choose. The tables below can help you visualize the differences in premium rates between low and high deductibles. The first set of rates uses a $100 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Honda Odyssey insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $204 $348 $272 $16 $82 $947 $79
Odyssey EX $204 $422 $272 $16 $82 $1,021 $85
Odyssey EX W/Rear Entertainment $204 $422 $272 $16 $82 $1,021 $85
Odyssey EX-L $234 $498 $272 $16 $82 $1,127 $94
Odyssey EX-L W/Rear Entertainment $234 $498 $272 $16 $82 $1,127 $94
Odyssey EX-L W/Navigation $234 $498 $272 $16 $82 $1,127 $94
Odyssey Touring $264 $498 $272 $16 $82 $1,157 $96
Get Your Own Custom Quote Go

Honda Odyssey insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $114 $184 $272 $16 $82 $668 $56
Odyssey EX $114 $222 $272 $16 $82 $706 $59
Odyssey EX W/Rear Entertainment $114 $222 $272 $16 $82 $706 $59
Odyssey EX-L $130 $262 $272 $16 $82 $762 $64
Odyssey EX-L W/Rear Entertainment $130 $262 $272 $16 $82 $762 $64
Odyssey EX-L W/Navigation $130 $262 $272 $16 $82 $762 $64
Odyssey Touring $146 $262 $272 $16 $82 $778 $65
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in specific location which can change premium rates significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $28 more each month or $336 each year than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 32 months between claim filings, you would save more money going with the higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $90
Average monthly premium for $1,000 deductibles (subtract): – $62
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 32 months

One important caveat is that higher deductibles means you will have to cover more of the damage yourself when you have a physical damage claim. You should have some extra funds in order to pay more to get your vehicle repaired.

Impact of careless driving on Anchorage insurance rates

The example below illustrates how violations and at-fault accidents can affect Honda Odyssey insurance costs for different age groups. The price estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Full coverage rates vs. liability-only

The diagram below shows the comparison of Honda Odyssey insurance costs with full physical damage coverage compared to only buying liability only. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no specific rule that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Honda Odyssey book value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 annually for full coverage, then you might want to consider buying only liability coverage.

There are some situations where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Insurance in Alaska serves several purposes

Even though it can be expensive, maintaining insurance serves several important purposes.

The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. As of last year, the average driver in Alaska is overpaying over $800 each year so you should quote rates every year to help ensure money is not being wasted.

How do Insurance Companies Determine Honda Odyssey Insurance Rates?

It’s important that you understand the different types of things that are used to determine the rates you pay for auto insurance. When you understand what controls the rates you pay, this helps enable you to make changes that can help you get lower premium levels.

Car insurance is unique, just like you

When quoting and choosing proper insurance coverage, there is no one size fits all plan. Every insured’s situation is different.Higher deductibles save money

For example, these questions could help you determine whether you will benefit from professional help.

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.

Frequent quotes can save

Discount Honda Odyssey insurance in Anchorage can be found online and from local insurance agents, so you should compare both to have the best selection. Some insurance companies may not offer the ability to get a quote online and most of the time these smaller providers only sell through independent insurance agencies.

We just showed you many ideas to reduce Honda Odyssey insurance prices online in Anchorage. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even find the most savings is with a lesser-known regional company.

Insureds who switch companies do it for many reasons like policy non-renewal, poor customer service, extreme rates for teen drivers or high prices. Regardless of your reason, finding a new auto insurance company can be easier than you think.

How to buy lower priced Honda Odyssey insurance in Anchorage

The best way we recommend to find low-cost car insurance rates in Anchorage is to compare quotes annually from different companies who sell auto insurance in Alaska.

  1. Spend a few minutes and learn about the coverage provided by your policy and the things you can control to prevent high rates. Many factors that result in higher prices such as getting speeding tickets and an unacceptable credit rating can be controlled by making minor driving habit or lifestyle changes.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of companies.
  3. Compare the price quotes to your existing rates to determine if you can save on Odyssey insurance in Anchorage. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.
  4. Give notification to your current company to cancel your current coverage and submit the completed application along with a down payment for your new policy. Once the paperwork is finalized, safely store the proof of insurance paperwork in an easily accessible location.

One important bit of advice is that you’ll want to compare the same coverage limits and deductibles on each quote request and to quote with every insurance company. This provides a fair price comparison and the best price quote selection.

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