2002 Honda Odyssey Car Insurance Rates – 6 Discounts for Best Quotes

Want the cheapest insurance rates for your Honda Odyssey? Trying to find the cheapest insurance for a Honda Odyssey can normally be an all-consuming task, but you can learn our insurance buying tips to save time. There are both good and bad ways to shop for insurance and you need to know the best way to price shop coverage for your Honda and obtain the best price possible either online or from local insurance agents.

Consumers need to shop coverage around yearly because rates are adjusted regularly by insurance companies. Just because you found the lowest rate for Odyssey coverage a year ago you may be paying too much now. Forget all the misinformation about insurance because we’re going to show you the tricks you need to know to remove unneeded coverages and save money.

Compare auto insurance rate quotes online

Getting a low cost price on 2002 Honda Odyssey insurance is not rocket science. All you need to do is take a couple of minutes to get quotes provided by online insurance companies. Price comparisons can be done using one of these methods.

  1. Experts agree that the best way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This method eliminates the need for repetitive form entry for every company. In just a few minutes this one form gets prices estimates from many national carriers. It’s the fastest way to compare.
  2. A more difficult way to find more affordable insurance is to manually visit each company’s website and repeat the quote process again and again. For examples sake, let’s assume you want to compare prices for State Farm, Safeco and Progressive. To get rate quotes you would need to visit each site and type in your information over and over, and that explains why we recommend the first method.

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

However you get your quotes, ensure you’re using identical coverage limits and deductibles on every quote. If the quotes have different data you will not be able to determine the lowest rate for your Honda Odyssey.

Is there deception in advertising?

Consumers can’t ignore all the ads that promise big savings for switching by companies like State Farm and Allstate. All the companies seem to make the promise that people will save if you switch your coverage.

How is it plausible that every one can charge you a lower premium?

Companies have an ideal profile for the type of driver that earns them the highest profit. For example, a preferred risk might be described as a married male, has never had a claim, and drives a vehicle with a low ISO rating. Any driver that hits that “sweet spot” is entitled to the best price and as a result will probably save a lot of money.

Drivers who do not match the ideal profile will be quoted higher premium rates which translates to business going elsewhere. If you pay attention, the ads say “customers that switch” but not “everyone who gets a quote” save money. This is how companies can truthfully advertise the savings. Different companies use different criteria so you really should get insurance quotes as often as possible. It’s just too difficult to predict which insurance companies will be your best fit.

Get lower-cost insurance coverage quotes with discounts

Some insurance providers don’t list the complete list of policy discounts very clearly, so the following is a list of some of the best known and also the lesser-known discounts you could be receiving when you buy insurance online.

  • Theft Deterent Discount – Cars equipped with anti-theft or alarm systems are stolen with less frequency so companies will give you a small discount.
  • Government Employee Discount – Having worked for a branch of the government may reduce rates when you quote insurance for Odyssey coverage depending on your company.
  • Driving Data Discount – Drivers who elect to allow data collection to track where and when they drive by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates as long as the data is positive.
  • No Claims – Insureds who avoid accidents and claims can earn big discounts in comparison to drivers who are more careless.
  • Early Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Organization Discounts – Being in a civic or occupational organization could trigger savings on insurance coverage.

Discounts lower rates, but many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Despite the appearance that adding up those discounts means a free policy, it just doesn’t work that way.

A partial list of companies that may offer quotes with these benefits possibly include:

If you are trying to find affordable insurance quotes, ask all the companies which discounts you qualify for. Depending on the company, some discounts may not apply to policyholders in your area. If you would like to view insurers with discount rates, click here.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different.

These are some specific questions can help discover whether your personal situation will benefit from professional help.

  • What is the rate difference between pleasure use and commuting?
  • Is other people’s property covered if stolen from my vehicle?
  • Should I buy only the required minimum liability coverage?
  • How much liability insurance is required?
  • Do I really need UM/UIM coverage?
  • How high should my medical payments coverage be?
  • Will my rates increase for filing one claim?
  • Should I get collision insurance on every vehicle?
  • Which is better, split liability limits or combined limits?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and may give you better protection.

Coverages available on your policy

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Odyssey.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, a tree branch falling on your vehicle, fire damage and damage from getting keyed. The most your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverages – Collision insurance pays for damage to your Odyssey from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a parking meter, colliding with another moving vehicle, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like surgery, funeral costs, pain medications and hospital visits. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability coverage – This coverage protects you from damages or injuries you inflict on a person or their property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims like pain and suffering, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

A tidy conclusion

As you shop your coverage around, do not reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice physical damage coverage and found out when filing a claim that the savings was not a smart move. Your objective should be to buy enough coverage at the lowest possible cost but still have enough coverage for asset protection.

You just learned many ways to shop for 2002 Honda Odyssey insurance online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding low cost insurance. Consumers could even find that the best price on insurance coverage is with some of the lesser-known companies.

Some insurance coverage companies may not have price quotes online and these regional insurance providers prefer to sell through independent agents. The cheapest 2002 Honda Odyssey insurance can be bought from both online companies in addition to many insurance agents, so you should compare both so you have a total pricing picture.

Additional insurance coverage information can be found on the following sites: