Best Quotes for Honda Odyssey Insurance in Newark

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Honda Odyssey insurance rates
Honda Odyssey insurance rates image courtesy of QuoteInspector.com

Nobody I know is fond of buying car insurance, especially knowing the cost is too high.

Insurance rates Honda Odyssey in NewarkIt's easy to assume that car insurance companies don't want you to look for cheaper rates. Consumers who shop for lower prices will most likely buy a new policy because of the high probability of finding lower prices. A survey found that consumers who compared prices once a year saved an average of $865 annually compared to policyholders who never compared rates.

If finding the lowest price on Honda Odyssey insurance in Newark is your ultimate goal, learning how to get price quotes and compare cheaper coverage can make it easier for you to save money.

With people having so many car insurance companies to choose from, it is very difficult to choose the cheapest insurance company.

It's a great practice to quote other rates quite often because prices change quite often. Despite the fact that you may have had the lowest price on Honda Odyssey insurance in Newark on your last policy you can probably find a better rate now. Block out anything you think you know about car insurance because it's time to teach you how to use the internet to properly buy coverages and cut your premium.

Locating the best rates in Newark can be made easier if you know where to look. If you're already insured, you will surely be able to get lower rates using the ideas covered in this article. Although New Jersey consumers can benefit by having an understanding of how big insurance companies price insurance differently and use it to your advantage.

Where can I get the cheapest Newark Honda Odyssey insurance?

All major auto insurance companies like Progressive, GEICO, Allstate and State Farm allow consumers to get coverage prices from their websites. Getting online quotes for Honda Odyssey insurance in Newark doesn't take much effort as you simply type in your required coverages into the quote form. After the form is submitted, their quoting system automatically orders credit information and your driving record and provides a quote. Quoting online for Honda Odyssey insurance in Newark makes comparing rates easy, and it's absolutely necessary to perform this step in order to get the lowest auto insurance rates.

In order to find out how much you're overpaying now, compare quotes from the companies shown below. To compare your current rates, we recommend you input coverages and limits as shown on your current policy. This guarantees you're receiving a price comparison for similar insurance coverage.

The following companies are ready to provide price comparisons in New Jersey. If you want the best cheap auto insurance in Newark, we recommend you visit several of them in order to get a fair rate comparison.

Honda Odyssey insurance analysis

The coverage table displayed next covers detailed analysis of prices for Honda Odyssey models. Having a better idea how auto insurance prices are established can help customers make smart choices when selecting a coverage provider.

Honda Odyssey Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $310 $632 $544 $32 $162 $1,680 $140
Odyssey EX $310 $770 $544 $32 $162 $1,818 $152
Odyssey EX W/Rear Entertainment $310 $770 $544 $32 $162 $1,818 $152
Odyssey EX-L $356 $906 $544 $32 $162 $2,000 $167
Odyssey EX-L W/Rear Entertainment $356 $906 $544 $32 $162 $2,000 $167
Odyssey EX-L W/Navigation $356 $906 $544 $32 $162 $2,000 $167
Odyssey Touring $402 $906 $544 $32 $162 $2,046 $171
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in specific location which can affect coverage prices greatly.

Deductible analysis

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The figures shown below highlight how much more you'll pay between low and high coverage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 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 $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Odyssey LX $264 $414 $480 $28 $144 $1,330 $111
Odyssey EX $264 $504 $480 $28 $144 $1,420 $118
Odyssey EX W/Rear Entertainment $264 $504 $480 $28 $144 $1,420 $118
Odyssey EX-L $302 $594 $480 $28 $144 $1,548 $129
Odyssey EX-L W/Rear Entertainment $302 $594 $480 $28 $144 $1,548 $129
Odyssey EX-L W/Navigation $302 $594 $480 $28 $144 $1,548 $129
Odyssey Touring $340 $594 $480 $28 $144 $1,586 $132
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in specific Newark garaging location which can increase or decrease coverage prices noticeably.

We can derive from the above data that using a $100 deductible will cost in the ballpark of $33 more each month or $396 each year across all Honda Odyssey models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 12 months between claim filings, you would save more money if you decide on a higher deductible.

The illustration below demonstrates how choosing different deductibles and can raise or lower Honda Odyssey annual premium costs for each age group. The premiums assume a married female driver, full physical damage coverage, and no other discounts are factored in.

Rate comparison of full coverage and liability-only

The diagram below shows the difference between Honda Odyssey insurance costs with and without full coverage. The premiums are based on no accidents or driving violations, $500 deductibles, single status, and no discounts are applied to the premium.

Should you pay for full coverage?

There isn't a steadfast formula for dropping full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let's pretend your Honda Odyssey claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some scenarios where dropping physical damage coverage is not advised. If you haven't paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Protect more than your vehicle

Despite the high cost, insuring your vehicle is required in New Jersey but also provides important benefits.

  • Just about all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability insurance in order to license the vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your Honda Odyssey has a loan, most lenders will make it a condition of the loan that you have full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank may buy a policy for your Honda for a lot more money and force you to pay much more than you were paying before.
  • Insurance safeguards both your Honda and your personal assets. It will also reimburse you for all forms of medical expenses that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, your policy will pay to repair the damage.

The benefits of carrying adequate insurance more than offset the price you pay, particularly for liability claims. As of last year, the average driver in New Jersey is wasting up to $700 annually so we recommend shopping around once a year at a minimum to ensure rates are competitive.

You Can Change Your Insurance Premiums

Consumers need to have an understanding of some of the factors that help calculate auto insurance rates. If you have some idea of what determines premiums, this enables you to make decisions that may result in lower rates. Multiple criteria are taken into consideration when you get your auto insurance bill. Some are obvious like your driving record, but others are more transparent like your continuous coverage and annual miles driven.

The list below includes just a few of the factors auto insurance companies consider when setting your rate level.

  • Policy add-ons can waste money - Policies have additional extra coverages that you can get tricked into buying on your Odyssey policy. Coverage for things like personal injury protection, better glass coverage, and membership fees may not be needed and are just wasting money. They may seem like a good idea when buying your policy, but if you've never needed them in the past eliminate them to save money.
  • Premiums are affected by your credit history - An insured's credit history is a large factor in determining premium rates. Consumers who have high credit ratings tend to file fewer claims as compared to drivers with poor credit scores. If your credit could use some work, you could pay less to insure your Honda Odyssey by improving your rating.
  • Be proud to be claim-free - Auto insurance companies in New Jersey give the best rates to drivers who do not file claims often. If you're an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Your insurance policy is intended for the large, substantial claims.
  • Vehicles with better crash test results cost less to insure - Safe vehicles cost less to insure. Vehicles built for safety protect occupants better and lower injury rates means lower claim amounts and thus lower rates.
  • Theft deterrents systems cut prices - Driving a car with an alarm system can save you some money. Theft prevention features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your vehicle from being stolen.
  • Insurance losses for a Honda Odyssey - Auto insurance companies analyze the history of losses in order to profitably underwrite each model. Vehicles that statistically have higher number or severity of losses will cost more for specific coverages.

    The table below shows the compiled insurance loss statistics for Honda Odyssey vehicles. For each insurance policy coverage type, the loss probability for all vehicles compiled together is equal to 100. Values that are under 100 suggest losses that are better than average, while values over 100 point to more frequent losses or an increased probability of a larger loss.

    Honda Odyssey Insurance Loss Statistics
    Make and 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

Affordable Honda Odyssey insurance rates in Newark

Some providers do not list all available discounts in a way that's easy to find, so the list below gives a summary of some of the more common and the harder-to-find discounts that you may qualify for.Car insurance discounts

  • Early Switch Discount - A few companies offer discounts for renewing your policy prior to your current Odyssey insurance policy expiration. You can save around 10% with this discount.
  • Service Members Pay Less - Being deployed in the military can result in better rates.
  • Discounts for Safe Drivers - Accident-free drivers may receive a discount up to 45% than less cautious drivers.
  • Anti-lock Brakes - Cars, trucks, and SUVs that have steering control and anti-lock brakes are much safer to drive and will save you 10% or more on Odyssey insurance in Newark.
  • Newark Homeowners Pay Less - Just owning your own home can earn you a little savings because maintaining a house requires a higher level of personal finance.
  • Discounts for Federal Employees - Simply working for the federal government could qualify for a slight premium decrease depending on your car insurance provider.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like all those discounts means the company will pay you, that's just not realistic.

The diagram below illustrates the difference between Honda Odyssey insurance prices with and without policy discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, multi-policy, and homeowner discounts applied.

Large car insurance companies and some of their more popular discounts are included below.

  • State Farm may include discounts for good driver, defensive driving training, Drive Safe & Save, passive restraint, and driver's education.
  • Farmers Insurance offers discounts including youthful driver, bundle discounts, early shopping, alternative fuel, and multi-car.
  • GEICO includes discounts for federal employee, driver training, military active duty, five-year accident-free, anti-lock brakes, multi-policy, and emergency military deployment.
  • American Family policyholders can earn discounts including good driver, mySafetyValet, TimeAway discount, early bird, Steer into Savings, and air bags.
  • Nationwide offers premium reductions for easy pay, Farm Bureau membership, family plan, accident-free, and multi-policy.
  • Progressive may have discounts that include multi-vehicle, online quote discount, continuous coverage, multi-policy, online signing, and homeowner.

If you need affordable Honda Odyssey insurance quotes, ask each company how many discounts you can get. Some discounts may not apply in your state. If you would like to choose from a list of car insurance companies who offer discounts in New Jersey, follow this link.

Special considerations

Always remember that when buying proper insurance coverage, there really isn't a single plan that fits everyone. Your financial needs are unique and your car insurance should be unique as well.Drive safe and save For instance, these questions can aid in determining whether or not you might need an agent's assistance.

  • How many claims can I have before being canceled?
  • Should I rate my Honda Odyssey as pleasure use or commute?
  • When can I cancel my policy?
  • Am I covered if I have no license?
  • What is UM/UIM insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I have ACV or replacement cost coverage?
  • Am I covered when pulling a rental trailer?
  • Will my rates increase for filing one claim?
  • Is my nanny covered when transporting my kids?

If it's difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

When should I talk to an agent?

Some consumers prefer to get advice from a local agent and that is a personal choice. One of the best bonuses of getting free rate quotes online is that you can obtain cheaper car insurance rates but also keep your business local.

Insurance agency in NewarkTo help locate an agent, after submitting this quick form, the coverage information gets sent to insurance agents in Newark that can give you free Newark car insurance quotes and help you find cheaper coverage. There is no reason to do any legwork because prices are sent to you instantly. You can get cheaper auto insurance rates AND a local agent. If for some reason you want to compare prices for a specific company, don't hesitate to search and find their rate quote page and fill out their quote form.

Deciding on an provider needs to be determined by more than just a cheap price quote. Here are some questions you should ask.

  • How much will you save each year by using a higher deductible?
  • How many companies do they write for?
  • Do they offer claims assistance after hours?
  • How long has their agency been in business in Newark?
  • Does the agent help file claims?
  • Are claims handled at the agent's location?
  • Who are their largest clients?
  • Will they give you a referral list?

Two types of car insurance agents

If you want to use local Newark agents, it's helpful to know the types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance agents in Newark can either be exclusive or independent.

Exclusive Agencies

Exclusive agents generally can only insure with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents are usually quite knowledgeable in insurance sales and that can be a competitive advantage.

Below is a list of exclusive agents in Newark who can help you get comparison quotes.


570 Broad St #114 - Newark, NJ 07102 - (973) 648-0699 - View Map


66 Wilson Ave - Newark, NJ 07105 - (973) 690-6400 - View Map


217 Chestnut St - Newark, NJ 07105 - (973) 536-2060 - View Map

View more agents

Independent Agents

Agents of this type do not write with just one company and that is an advantage because they can write policies amongst many companies and find you cheaper rates. If they find a cheaper price, your agent can switch companies and the insured can keep the same agent.

When comparing rate quotes, it's a good idea to compare quotes from several independent insurance agents for maximum quote selection.

Listed below are Newark independent insurance agents that can give you price quote information.


275 Chestnut St - Newark, NJ 07105 - (866) 497-1001 - View Map

Halsey Street Agency Inc
199 Halsey St - Newark, NJ 07102 - (973) 621-0955 - View Map


338 Washington Ave - Belleville, NJ 07109 - (973) 759-8291 - View Map

View more agents

If you receive reasonable responses to your questions and a good coverage price, it's a good possibility that you have found a car insurance agent that can be relied on to provide auto insurance coverage.

Newark car insurance company ratings

Picking the top car insurance provider is hard considering how many different companies insure vehicles in Newark. The ranking data in the next section can help you decide which providers you want to consider when shopping around.

Top 10 Newark 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

Compare car insurance prices regularly to save

Affordable Honda Odyssey insurance in Newark is available online and with local Newark insurance agents, so you need to shop Newark car insurance with both to have the best selection. Some insurance providers don't offer rate quotes online and most of the time these small insurance companies prefer to sell through independent insurance agencies.

When trying to cut insurance costs, it's very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped uninsured motorist or liability limits only to find out that the savings was not a smart move. Your strategy should be to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.

Steps to finding cheaper Honda Odyssey insurance in Newark

Truthfully, the best way to get affordable Honda Odyssey insurance in Newark is to start doing a yearly price comparison from different companies in New Jersey.

  • Step 1: Spend a few minutes and learn about what coverages are included in your policy and the factors you can control to keep rates low. Many rating factors that drive up the price such as tickets, at-fault accidents, and a substandard credit history can be rectified by making minor changes to your lifestyle.
  • Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can provide price quotes from many different companies.
  • Step 3: Compare the new quotes to your existing coverage to see if you can save by switching companies. If you can save some money and buy the policy, verify that coverage does not lapse between policies.

A good tip to remember is to make sure you enter the same level of coverage on every quote request and and to get quotes from as many companies as you can. This enables an apples-to-apples comparison and a better comparison of the market.

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