Cheapest Insurance for a Honda Odyssey in Jersey City

Insurance for Honda OdysseyDo you need a better way to compare the cheapest Honda Odyssey insurance in Jersey City? Wish you could get a refund on overpriced Honda Odyssey insurance in Jersey City? It’s quite common and there are a lot of people in Jersey City just like you who feel imprisoned by their auto insurance policy.

Anyone knows that insurance companies don’t want policyholders to compare prices from other companies. People who shop around for the cheapest rate will, in all likelihood, switch auto insurance companies because there is a great chance of finding a more affordable policy. Remarkably, a study showed that people who did price comparisons regularly saved over $3,450 over four years as compared to drivers who never compared other company’s rates.

If finding low prices for car insurance is your ultimate target, learning how to get price quotes and compare insurance can save time and make the process easier. Popular companies such as Progressive, State Farm and GEICO promote their brand names with catchy ads and consumers find it hard to sift through the bull and take the time to shop coverage around.

You Can Change Your Insurance Prices

The best way to find cheaper car insurance is to take a look at a few of the rating criteria that are used to determine the rates you pay for car insurance. If you know what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with lower car insurance prices.

Listed below are most of the major factors used by companies to determine rates.

Affordable Jersey City Honda Odyssey insurance rate quotes online

Cutting your Jersey City auto insurance rates is not a difficult process. You just need to spend a few minutes comparing rates from online providers.

Getting price quotes online is very simple and it takes the place of having to actually drive to insurance agents’ offices. Comparing Honda Odyssey insurance rates online can eliminate the need for a local agent unless you have a complicated situation and need the peace of mind of a local agency. It is possible with some companies obtain prices from the web but still have the advice of a local agent.

The companies in the list below are ready to provide price quotes in Jersey City, NJ. If your goal is to find cheap car insurance in New Jersey, we recommend you click on several of them in order to find the cheapest rates.

Insurance statistics and figures

The premium table below covers estimates of insurance prices for Honda Odyssey models. Having a good grasp of how auto insurance policy rates are calculated can be valuable when making smart choices when buying a car insurance policy.

Honda Odyssey Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $350 $602 $490 $30 $146 $1,618 $135
Odyssey EX $350 $732 $490 $30 $146 $1,748 $146
Odyssey EX W/Rear Entertainment $350 $732 $490 $30 $146 $1,748 $146
Odyssey EX-L $402 $862 $490 $30 $146 $1,930 $161
Odyssey EX-L W/Rear Entertainment $402 $862 $490 $30 $146 $1,930 $161
Odyssey EX-L W/Navigation $402 $862 $490 $30 $146 $1,930 $161
Odyssey Touring $452 $862 $490 $30 $146 $1,980 $165
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price information does not factor in your specific Jersey City location which can affect insurance rates greatly.

Comparison of policy deductibles

One of the hardest decisions when shopping for insurance is what deductibles to buy. The comparisons below can help show how much more you’ll pay when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second rate chart 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 $360 $614 $480 $28 $144 $1,651 $138
Odyssey EX $360 $746 $480 $28 $144 $1,783 $149
Odyssey EX W/Rear Entertainment $360 $746 $480 $28 $144 $1,783 $149
Odyssey EX-L $414 $880 $480 $28 $144 $1,971 $164
Odyssey EX-L W/Rear Entertainment $414 $880 $480 $28 $144 $1,971 $164
Odyssey EX-L W/Navigation $414 $880 $480 $28 $144 $1,971 $164
Odyssey Touring $466 $880 $480 $28 $144 $2,023 $169
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Honda Odyssey insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $200 $324 $480 $28 $144 $1,176 $98
Odyssey EX $200 $394 $480 $28 $144 $1,246 $104
Odyssey EX W/Rear Entertainment $200 $394 $480 $28 $144 $1,246 $104
Odyssey EX-L $230 $464 $480 $28 $144 $1,346 $112
Odyssey EX-L W/Rear Entertainment $230 $464 $480 $28 $144 $1,346 $112
Odyssey EX-L W/Navigation $230 $464 $480 $28 $144 $1,346 $112
Odyssey Touring $258 $464 $480 $28 $144 $1,374 $115
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in Jersey City location which can decrease or increase auto insurance rates considerably.

Using the data above, we can ascertain that using a $100 deductible costs approximately $49 more each month or $588 annually than buying the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 18 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $157
Average monthly premium for $1,000 deductibles (subtract): – $108
Monthly savings from raising deductible: $49
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $49
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Drive responsibly or pay higher rates

The information below highlights how speeding tickets and fender-benders drive up Honda Odyssey insurance premiums for different age groups. The rate quotes are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Cost comparison with and without full coverage

The information below compares Honda Odyssey auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. Data assumes no claims or driving violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula to exclude comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Honda Odyssey replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after you pay the deductible. If you are paying in excess of $700 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.

Three good reasons to insure your vehicle

Even though it’s not necessarily cheap to insure a Honda in Jersey City, auto insurance is not optional due to several reasons.

The benefits of carrying adequate insurance definitely exceed the cost, particularly when you have a large claim. The average driver in America overpays as much as $869 every year so you should quote rates at every policy renewal to help ensure money is not being wasted.

Get discounts to get affordable Jersey City auto insurance quotes

Auto insurance is neither fun to buy or cheap, but you can get discounts that may help make it more affordable. Some of these discounts will be visible when you quote, but some must be requested specifically before you get the savings.Discount auto insurance

Please keep in mind that many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

The example below illustrates the difference between Honda Odyssey insurance rates with and without discounts applied to the rates. The premiums are based on a female driver, no claims or violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, homeowner, safe-driver, and multi-car discounts applied.

Larger auto insurance companies and some of the discounts are outlined below.

It’s a good idea to ask all companies you are considering which discounts you qualify for. Some discounts listed above may not apply to policyholders in your state. To see insurance companies that have a full spectrum of discounts in New Jersey, follow this link.

Compare prices but work with a neighborhood Jersey City auto insurance agent

A small number of people just prefer to get advice from a local agent and that is just fine! Most agents are very good at helping people manage risk and help you file claims. The best thing about comparing rate quotes online is the fact that you can find cheap rate quotes and still have a local agent. And supporting local agents is definitely important in Jersey City.

To help locate an agent, after submitting this quick form, your insurance data is instantly submitted to local insurance agents in Jersey City that give free quotes to get your business. You don’t have to leave your computer since price quotes are sent to your email. If you wish to compare rates from a specific company, don’t hesitate to go to their quote page to submit a rate quote request.

If you are searching for a reputable agency, it’s important to understand the types of agencies that you can select. Auto insurance agents can be described as either exclusive or independent agents depending on their company appointments. Both types of agents can insure your vehicles properly, but it’s important to know the difference between them since it can affect the selection process.

Independent Auto Insurance Agents (or Brokers)

Agents in the independent channel are not restricted to one company and that is an advantage because they can write policies with a variety of different insurance companies enabling the ability to shop coverage around. If your agent finds better pricing, the business is moved internally which makes it simple for you.

When comparing auto insurance rates, you definitely need to get rate quotes from several independent agencies to have the most options to choose from.

Featured below is a small list of independent agencies in Jersey City that may be able to give free auto insurance rate quotes.

2184 John F. Kennedy BlvdJersey City, NJ 07305(201) 656-1800View Map

JFK Insurance Agency
746 Bergen AveJersey City, NJ 07306(908) 425-1544View Map

775 Newark AveJersey City, NJ 07306(201) 217-1780View Map

More Jersey City agents

Exclusive Insurance Agencies

Agents in the exclusive channel can only place business with one company such as Farmers Insurance, State Farm, Allstate, and AAA. They generally cannot give you multiple price quotes so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on their company’s products which helps them compete with independent agents.

The following are exclusive agencies in Jersey City willing to provide comparison quotes.

447 Central AveJersey City, NJ 07307(201) 435-1616View Map

725 John F. Kennedy BlvdNorth Bergen, NJ 07047(201) 325-8880View Map

86 NJ-35Neptune City, NJ 07753(732) 776-9999View Map

More Jersey City agents

Deciding on a car insurance agent should depend on more than just a cheap quote. Any agent in Jersey City should be forthright in answering these questions:

Which car insurance company is best in New Jersey?

Buying coverage from a good quality company can be a challenge considering how many companies sell coverage in New Jersey. The rank data in the lists below could help you choose which car insurance providers you want to consider purchasing coverage from.

Top 10 Jersey City Car Insurance Companies Ranked by Customer Satisfaction

  1. The Hartford – 93%
  2. Progressive – 90%
  3. 21st Century – 89%
  4. USAA – 87%
  5. Mercury Insurance – 87%
  6. State Farm – 87%
  7. Travelers – 87%
  8. Safeco Insurance – 86%
  9. AAA Insurance – 86%
  10. American Family – 85%

Top 10 Jersey City Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. GEICO
  6. USAA
  7. State Farm
  8. Travelers
  9. Farmers Insurance
  10. Allstate

Get the best coverage at the best price

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped liability limits or collision coverage and discovered at claim time that it was a big mistake. Your aim should be to find the BEST coverage at the lowest possible cost, not the least amount of coverage.

In this article, we covered a lot of tips how to shop for Honda Odyssey insurance online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the most savings is with a lesser-known regional company. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

Cheaper car insurance in Jersey City is available both online in addition to many Jersey City insurance agents, and you should compare rates from both to get a complete price analysis. Some car insurance companies may not provide online price quotes and these smaller companies prefer to sell through independent agents.

Steps to saving money on Honda Odyssey insurance in Jersey City

The recommended way to get discount Honda Odyssey insurance is to regularly compare quotes from companies in Jersey City.

Step 1: Try to learn about what is in your policy and the changes you can make to prevent expensive coverage. Many things that result in higher prices like distracted driving and a lousy credit rating can be eliminated by making minor driving habit or lifestyle changes.

Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while independent agents can quote prices for many different companies.

Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Provide notification to your current company of your intent to cancel your current coverage and submit the completed application along with a down payment to your new insurance company. As soon as you can, put the certificate verifying coverage in your vehicle’s glove compartment or console.

One piece of advice is to try to compare similar coverage information on each quote request and and to analyze every insurance company. This enables a level playing field and a complete selection of prices.

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