2008 Honda Odyssey Insurance Rates – 8 Tips to Save

Looking for better insurance coverage rates for your Honda Odyssey? Searching for the most affordable insurance coverage may at first seem to be overwhelming for consumers who are new to comparing rates on the web. With literally dozens of insurance companies available, how can drivers possibly compare every one to find better rates?

It’s important to quote other rates every six months due to the fact that insurance rates go up and down regularly. Just because you found the best deal for Odyssey coverage a few years ago you will most likely find a better price today. Ignore everything you know about insurance coverage because we’re going to show you one of the quickest ways to remove unneeded coverages and save money.

Buying car insurance is quite easy. Essentially everyone who is required by state law to have insurance coverage most likely will be able to cut their insurance bill. Although vehicle owners need to have an understanding of the methods companies use to compete online and use this information to your advantage.

Discounts can really help to save

Some insurers do not advertise every discount in a way that’s easy to find, so the list below gives a summary of a few of the more well known and also the more inconspicuous discounts that you may qualify for. If you check and find you aren’t receiving every discount you deserve, you are just wasting money.

  • Student Discounts – Performing well in school can save 20 to 25%. The discount lasts until age 25.
  • One Accident Forgiven – Not really a discount, but some companies like Geico and Liberty Mutual will forgive one accident without raising rates if you are claim-free for a certain period of time.
  • Drive Safe and Save – Accident-free drivers can get discounts for up to 45% lower rates for Odyssey coverage than their less cautious counterparts.
  • Claim-Free Discount – Drivers who don’t have accidents pay less in comparison to bad drivers.
  • Discount for Low Mileage – Low annual miles could be rewarded with slightly better premium rates than normal.
  • ABS Braking Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
  • Life Insurance – Not all insurance companies offer life insurance, but some may give you better rates if you take out auto and life insurance together.
  • Senior Citizens – Drivers that qualify as senior citizens can possibly qualify for a small decrease in premiums for Odyssey coverage.

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. So even though you would think you can get free auto insurance, companies wouldn’t make money that way.

To see insurers who offer online auto insurance quotes, click this link.

Will just any policy work for me?

When buying proper insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions can aid in determining whether you may require specific advice.

  • Should I sign the liability waiver when renting a car?
  • Do I need special endorsements for business use of my vehicle?
  • What is high-risk coverage and where do I buy it?
  • Is my custom paint covered by insurance?
  • Is my nanny covered when driving my vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • When does my teenage driver need to be added to my policy?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Auto insurance advertising gotchas

Respected companies like Geico, State Farm and Progressive endlessly run ads on TV and radio. They all make an identical promise about how much you will save if you switch your policy. How does each company claim to save you money? It’s all in the words they use.

All companies look for specific characteristics for the type of customer that earns them the highest profit. For instance, a profitable risk profile might be described as between the ages of 30 and 50, has no driving citations, and has a short commute. Someone who matches that profile will get very good rates and will also save when they switch companies.

People who do not match the ideal profile will probably have to pay a more expensive rate and this can result in the customer buying from someone else. If you listen closely, the ads state “drivers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. This is how insurance companies can advertise the way they do. That is why it’s extremely important to compare rate quotes every year. It is impossible to predict which insurance companies will have better rates than you’re paying now.

Coverages available on your policy

Knowing the specifics of insurance helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses such as funeral costs, pain medications, prosthetic devices and chiropractic care. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, rolling your car, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for liability

This coverage can cover damage or injury you incur to people or other property that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as bail bonds, medical expenses, repair costs for stationary objects and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverages

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a deer, fire damage, damage from flooding and rock chips in glass. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Never pay more for less

Budget-conscious 2008 Honda Odyssey insurance is attainable online and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some insurance companies do not provide internet price quotes and these small, regional companies work with local independent agents.

We just presented a lot of ways to save on 2008 Honda Odyssey insurance. It’s most important to understand that the more you quote car insurance, the higher your chance of finding low cost car insurance. Drivers may discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your focus should be to find the BEST coverage for the lowest price, but do not skimp to save money.

For more information, feel free to visit the resources below: