Lower Your 2001 Honda Odyssey Insurance Rates

Comparison shopping for cheap auto insurance could be difficult for drivers not familiar with online rate comparisons. Drivers have so many different companies and agents to choose from that it can easily become a challenge to compare rates.

You need to get comparison quotes occasionally because rates fluctuate regularly. Even if you think you had the best premium rates on Odyssey coverage a year ago there is a good chance you can find better prices now. Forget anything you know (or think you know) about auto insurance because you’re about to learn one of the quickest ways to find better rates and still maintain coverage.

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these tips. The purpose of this post is to familiarize you with how to get online quotes and some tips to save money. Although drivers must learn how the larger insurance companies sell insurance online because it can help you find the best coverage.

How much is auto insurance?

To find the best auto insurance rates, there are several ways of comparing rates from lots of auto insurance companies. The simplest method to compare 2001 Honda Odyssey insurance prices is simply to get online rate quotes. This can be accomplished in a couple minutes as outlined below.

  1. The recommended way consumers can make multiple comparisons is an all-inclusive rate comparison like this one (opens in new window). This form saves time by eliminating boring form submissions for every company. Filling out one form gets you price quotes from all major companies. Recommended for those who want to invest the least amount of time.
  2. Another way to get comparison quotes requires a trip to the website for every company you want to comare and request a quote. For examples sake, let’s assume you want to compare rates from USAA, Allstate and State Farm. To do that, you would have to spend time on each company’s site and type in your information over and over, which can be really labor intensive.

    To view a list of companies in your area, click here.

  3. The final method of comparing rate quotes is to drive around to different agent offices. Quoting online can eliminate the need for a local agent unless you require the advice and guidance of a local agency. Although, it is possible find lower rates online and get advice from an agent in your area.

Take whichever approach you prefer, but double check that you are using exactly the same coverages and limits with each company. If you compare different deductibles it will be very difficult to determine which company has the best rates. Slightly different insurance coverages may cause a big price difference. And when quoting auto insurance, remember that comparing more rates from different companies increases your odds of finding a better price. Not every company provides prices over the internet, so it’s recommended that you also compare price quotes from those companies as well.

Lower rates by qualifying for discounts

Insurance can be prohibitively expensive, but discounts can save money and there are some available that can dramatically reduce your bill. Certain reductions will be credited when you complete an application, but a few must be asked about in order for you to get them.

  • Accident Waiver – This one isn’t a discount, but certain companies will let one accident slide without the usual rate increase as long as you don’t have any claims prior to being involved in the accident.
  • Discount for New Cars – Insuring a new car is cheaper because newer models are generally safer.
  • Good Student – Performing well in school can save 20 to 25%. Most companies allow this discount well after school through age 25.
  • Claim Free – Insureds who avoid accidents and claims pay less in comparison with drivers with a long claim history.
  • Discounts for Government Workers – Having worked for a branch of the government can save as much as 8% on Odyssey coverage with a few insurance companies.

It’s important to understand that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, you won’t be that lucky.

Insurance companies that possibly offer most of these discounts may include but are not limited to:

If you need lower rates, check with every insurance company which discounts can lower your rates. Some credits may not be offered in your area. If you would like to choose from a list of insurance companies that provide some of the discounts listed above, follow this link.

How to lower your insurance prices

Lots of factors are used in the calculation when pricing auto insurance. Some of the criteria are obvious like an MVR report, but other factors are more transparent such as your credit history or your vehicle rating.An important part of buying insurance is that you know some of the elements that aid in calculating the rates you pay for car insurance. When you know what positively or negatively determines premiums, this allows you to make good choices that could result in lower premium levels.

  • Teenage vs. older drivers – Teenage drivers tend to be inattentive with other occupants in the car therefore car insurance rates are much higher. Parents adding a inexperienced driver onto your car insurance can increase premiums substantially. Older, more experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents .
  • Accidents drive up costs – Drivers with clean records pay less for auto insurance as compared to careless drivers. Even a single speeding ticket or other violation may increase your cost forty percent or more. Drivers who have careless violations such as reckless driving, hit and run or driving under the influence may be required to maintain a SR-22 with their state’s department of motor vehicles in order to legally drive.
  • High credit equals lower premiums – A driver’s credit rating will be a significant factor in determining what you pay. Therefore, if your credit history leaves room for improvement, you could save money insuring your 2001 Honda Odyssey if you clean up your credit. People that have high credit scores tend to file fewer claims than those with worse credit.
  • Consolidate policies and save – Lots of car insurance companies afford better rates to clients who carry more than one policy. It’s known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you qualify for this discount already, you still need to compare other company rates to verify if the discount is saving money.
  • Decrease rates by maintaining coverage – Driving without insurance coverage in place is illegal and car insurance companies will penalize you for letting your coverage have a gap. Not only will you pay higher rates, failure to provide proof of insurance will get you a fine, jail time, or a revoked license.

Insurance is unique, just like you

When choosing the best insurance coverage for your personal vehicles, there really is no one size fits all plan. Every situation is different.

For example, these questions might help in determining if your insurance needs will benefit from professional help.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • Can I afford low physical damage deductibles?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I buy additional glass protection?
  • Is my teenager covered with friends in the car?
  • What is no-fault insurance?
  • Is my camper covered by my car insurance policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I need added coverage for expensive stereo equipment?
  • Does my 2001 Honda Odyssey qualify for pleasure use?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Insurance policy coverages for a 2001 Honda Odyssey

Knowing the specifics of a insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as rehabilitation expenses, hospital visits, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision – Collision coverage will pay to fix damage to your Odyssey from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as damaging your car on a curb, colliding with a tree, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, theft, hitting a deer and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability auto insurance – Liability insurance provides protection from damage that occurs to other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers claims like pain and suffering, medical services, funeral expenses, emergency aid and structural damage. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Honda Odyssey.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Smart shoppers get results

We just presented quite a bit of information on how to compare 2001 Honda Odyssey insurance rates online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding cheap insurance coverage. Drivers may discover the biggest savings come from some of the smallest insurance companies.

Some insurance companies may not offer internet price quotes small insurance companies provide coverage only through independent agents. The cheapest 2001 Honda Odyssey insurance is definitely available on the web and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

While you’re price shopping online, do not buy poor coverage just to save money. There have been many situations where consumers will sacrifice liability coverage limits and discovered at claim time they didn’t have enough coverage. The proper strategy is to buy a smart amount of coverage at the best possible price while still protecting your assets.

More information can be found at the links below