Cheapest Honda Odyssey Insurance in Chicago

Discount Honda Odyssey insuranceWould you like to buy low-cost Honda Odyssey insurance in Chicago? Searching for cheaper insurance for your Honda Odyssey in Illinois can be a lot of work, but you can learn these tips to find lower rates.

There are both good and bad ways to compare auto insurance rates so we’re going to tell you the best way to quote coverages for a Honda and find the lowest possible price either online or from Chicago insurance agents.

Finding cheap Chicago auto insurance rates can be surprisingly simple. Consumers just need to invest a few minutes comparing free Chicago car insurance quotes to discover which company has the cheapest Honda Odyssey rate quotes.

The providers in the list below offer quotes in Illinois. If multiple companies are shown, we suggest you compare several of them to find the most affordable car insurance rates.

Honda Odyssey Insurance Costs in Chicago, IL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $168 $344 $294 $18 $88 $912 $76
Odyssey EX $84 $182 $250 $14 $76 $606 $51
Odyssey EX W/Rear Entertainment $94 $210 $274 $16 $82 $676 $56
Odyssey EX-L $124 $252 $262 $16 $78 $732 $61
Odyssey EX-L W/Rear Entertainment $164 $322 $262 $16 $78 $842 $70
Odyssey EX-L W/Navigation $204 $440 $268 $16 $80 $1,008 $84
Odyssey Touring $142 $268 $246 $14 $74 $744 $62
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium amounts do not factor in zip code location which can impact prices significantly.

Comparison of policy deductibles

A question often asked by Chicago drivers is how high should the physical damage coverage deductibles be. The following tables may aid in understanding how much more you’ll pay when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Honda Odyssey insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $176 $280 $262 $16 $78 $837 $70
Odyssey EX $176 $340 $262 $16 $78 $897 $75
Odyssey EX W/Rear Entertainment $176 $340 $262 $16 $78 $897 $75
Odyssey EX-L $202 $400 $262 $16 $78 $983 $82
Odyssey EX-L W/Rear Entertainment $202 $400 $262 $16 $78 $983 $82
Odyssey EX-L W/Navigation $202 $400 $262 $16 $78 $983 $82
Odyssey Touring $228 $400 $262 $16 $78 $1,009 $84
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Honda Odyssey insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $142 $226 $262 $16 $78 $724 $60
Odyssey EX $142 $274 $262 $16 $78 $772 $64
Odyssey EX W/Rear Entertainment $142 $274 $262 $16 $78 $772 $64
Odyssey EX-L $164 $322 $262 $16 $78 $842 $70
Odyssey EX-L W/Rear Entertainment $164 $322 $262 $16 $78 $842 $70
Odyssey EX-L W/Navigation $164 $322 $262 $16 $78 $842 $70
Odyssey Touring $186 $322 $262 $16 $78 $864 $72
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in specific garaging location which can increase or decrease auto insurance rates considerably.

Based on the above data, using a $250 deductible costs approximately $12 more each month or $144 annually than requesting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 21 months between claim filings, you would probably come out ahead by going with a higher deductible.

Three reasons to not skimp on car insurance

Despite the high cost, car insurance is required in Illinois but also provides important benefits.

First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability in order to be legal. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you have a lien on your car, almost every bank will force you to have insurance to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Honda at a more expensive rate and force you to pay for the much more expensive policy.

Third, car insurance preserves both your Honda and your assets. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If damage is caused by hail or an accident, your car insurance policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance more than cancel out the cost, especially if you ever need it. Unknowingly, the average driver overpays as much as $800 each year so compare rate quotes every year to ensure rates are inline.

Lower Your Chicago Insurance Prices

A large part of saving on auto insurance is knowing a few of the rating criteria that help calculate your premiums. When you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can earn you better auto insurance rates. Many factors are used when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other factors are less obvious such as whether you are married or your commute time.

The itemized list below are some of the most rate-impacting factors used by insurance companies to determine your rate level.

Teenage drivers pay high costs – Older people are viewed as being more responsible, cause fewer claims and accidents, and usually have better credit.Beginning drivers tend to be inattentive and easily distracted when driving with friends so auto insurance rates are higher.

Women tend to be lower risk – Over the last 30 years, statistics show that females take fewer risks when driving. The data does not necessarily mean that men are worse drivers. Men and women have accidents in similar percentages, but males get into accidents with more damage. Not only are claims higher, but men receive more major tickets such as DWI and reckless driving.

Protect yourself with liability coverage – Liability insurance will protect you if ever you are found liable for causing damage or personal injury in an accident. It will provide for a legal defense starting from day one. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should carry high limits.

Get better rates if married – Walking down the aisle actually saves money on your policy. Having a significant other generally demonstrates drivers are more stable financially and it’s proven that married couples file fewer claims.

Stay claim-free and save money – Auto insurance companies in Illinois provide most affordable rates to drivers that do not abuse their auto insurance. If you are a frequent claim filer, you can look forward to higher premiums or even policy non-renewal. Your car insurance is designed for the large, substantial claims.

Premiums impacted by vehicle usage – The higher the miles on your Honda annually the more it will cost to insure it. Most companies calculate prices based upon how much you drive. Autos that are left in the garage receive better premium rates than those used for commuting. Incorrect rating for your Odyssey can result in significantly higher rates. It’s a good idea to make sure your auto insurance coverage reflects how each vehicle is driven.

Honda Odyssey claim statistics – Companies analyze claim trends for every vehicle in order to profitably underwrite each model. Vehicles that statistically have a trend towards higher claims will cost more to insure. The table below shows the collected loss data for Honda Odyssey vehicles.

For each insurance policy coverage type, the claim probability for all vehicles, as a total average, is considered to be 100. Values that are below 100 represent a good loss history, while values that are 100 or greater indicate more frequent losses or larger claims.

Insurance Loss Ratings for Honda Odyssey Vehicles

Vehicle Make and 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 Chicago auto insurance rates with discounts

Some insurers don’t list all available discounts in an easy-to-find place, so the below list has a few of the more well known in addition to some of the lesser obvious credits available to you.Cheaper auto insurance with discounts

Keep in mind that some of the credits will not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

Auto insurance companies that may offer quotes with these money-saving discounts possibly include:

Before buying, ask all companies you are considering which discounts they offer. Some of the earlier mentioned discounts might not be offered on policies in Chicago. To locate insurers with the best Honda Odyssey insurance discounts in Chicago, click here to view.

You may need specialized auto insurance coverage

When buying the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Your needs are unique to you.Auto insurance savings

For example, these questions can help discover if your situation may require specific advice.

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.

Compare prices but still have a local Chicago insurance agency

Certain consumers just want to talk to an insurance agent and that is recommended in a lot of cases Professional insurance agents can help you build your policy and will help you if you have claims. One of the benefits of getting online price quotes is that you can obtain the lowest rates and still have an agent to talk to. Supporting local insurance agents is important especially in Chicago.

Insurance agency in ChicagoUpon completion of this form (opens in new window), your information is instantly submitted to companies in Chicago who will give competitive quotes and help you find cheaper coverage. You won’t even need to leave your house as quotes are delivered to you. If you want to compare prices from a specific insurance company, feel free to find their quoting web page and fill out their quote form.

When finding a reputable insurance agent or broker, there are a couple of types of insurance agents and how they are slightly different. Insurance agencies in Chicago may be either exclusive or independent. Both handle insurance, but it is important to understand how they differ since it can affect your selection of an agent.

Independent Agents (or Brokers)

These agents are not limited to a single company and that enables them to quote your coverage with lots of companies and possibly get better coverage at lower prices. If they find a cheaper price, they simply switch companies in-house without you having to go to a different agency. When comparison shopping, you will definitely want to check rates from a couple of independent agencies for maximum quote selection. Many independent agencies also insure through small regional insurance companies that many times have cheaper rates.

The following is a partial list of independent agencies in Chicago who can help you get free insurance rate quotes.

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Exclusive Insurance Agents

Agents that elect to be exclusive can only quote rates from one company and some examples include State Farm or Allstate. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. These agents receive extensive training on their company’s products which helps them compete with independent agents. A lot of people choose to use an exclusive agent primarily because of the brand and the convenience of having a single billing for all their coverages.

The following is a short list of exclusive insurance agents in Chicago that are able to give price quotes.

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Choosing the best car insurance agent should depend on more than just the premium amount. Here are some questions you might want to ask.

Upon getting satisfactory answers to any questions you may have and the cheapest Honda Odyssey insurance in Chicago quotes, you may have found an insurance agent that meets your needs to service your policy. It’s important to know that once you purchase a policy you can terminate coverage for any reason so never assume that you’re stuck with the insurance policy with no way to switch.

Frequent quotes can save

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced full coverage and found out when filing a claim that they should have had better coverage. The proper strategy is to purchase plenty of coverage at the best possible price, but don’t skip important coverages to save money.

Drivers who switch companies do it for a number of reasons such as unfair underwriting practices, questionable increases in premium, high rates after DUI convictions and being labeled a high risk driver. It doesn’t matter what your reason, finding a new insurance company is pretty easy and you might even save some money in the process.

We covered many tips how you can get a better price on Honda Odyssey insurance in Chicago. The key thing to remember is the more providers you compare, the higher your chance of finding low cost Chicago car insurance quotes. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

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