Lower Your 2009 Honda Odyssey Insurance Cost

Want lower car insurance rates for your Honda Odyssey? Are you kicking yourself for buying an overpriced car insurance policy? You’re in good company because many drivers feel the same as you.

Due to the fact that there are so many choices, it can be diffult for drivers to find a lower cost car insurance company.

Compare insurance coverage quotes online

To get inexpensive auto insurance quotes, there a variety of ways to compare rate quotes from many insurance coverage companies in your state. The best method to find affordable Honda Odyssey insurance rates involves getting comparison quotes online. This is quite simple and can be completed in a couple of different ways.

The easiest and least time consuming way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This form prevents you from having to do multiple quote forms for every insurance coverage company. A single, simple form will return quotes from multiple companies.
A more difficult way to find more affordable insurance is going to the website for each individual company and request a quote. For examples sake, let’s assume you want to see prices from State Farm, 21st Century and Allstate. You would have to visit each site and enter your policy data, which can get rather old.
To view a list of companies in your area, click here.
The old school method to compare rates is going to local insurance agencies. Buying insurance online eliminates the middleman unless you have a need for the guidance of an agent trained in personal lines coverage. If you prefer, some companies allow you to get prices online and have a local agent actually service the policy.

It’s up to you how you get prices quotes, just make sure you use equivalent coverages for every company. If your comparisons have different liability limits you can’t possibly find the best deal for your Honda Odyssey. Slightly different insurance coverages could throw off the whole comparison. Just keep in mind that comparing more rates from different companies increases the change that you will find more affordable rates.

Discounts for affordable auto insurance rates

Some insurers don’t list all possible discounts very well, so the list below contains both the well known and also the lesser-known discounts that may be available.

Seat Belt Usage – Forcing all vehicle occupants to use their safety belts could cut 10% or more off PIP or medical payments premium.
Smart Student Discounts – Excelling in school can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
Homeowners Savings – Just owning your own home can get you a discount because of the fact that having a home means you have a higher level of financial diligence.
One Accident Forgiven – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage as long as you don’t have any claims prior to the accident.
Telematics Discount – Drivers who elect to allow companies to track where and when they drive by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts if they exhibit good driving behavior.
Life Insurance – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
Senior Discount – Mature drivers may be able to get a small decrease in premiums for Odyssey coverage.

Drivers should understand that most discount credits are not given to all coverage premiums. Most only apply to the cost of specific coverages such as medical payments or collision. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any amount of discount will bring down the amount you pay for coverage.

A few popular companies and some of their more popular discounts are included below.

State Farm discounts include driver’s education, good student, good driver, Drive Safe & Save, and Steer Clear safe driver discount.
American Family policyholders can earn discounts including air bags, multi-vehicle, TimeAway discount, accident-free, good driver, and good student.
AAA offers discounts including good driver, anti-theft, multi-policy, good student, and education and occupation.
Geico offers premium reductions for seat belt use, daytime running lights, defensive driver, five-year accident-free, and driver training.
Mercury Insurance may offer discounts for annual mileage, good student, anti-theft, accident-free, and type of vehicle.
Farmers Insurance includes discounts for electronic funds transfer, multi-car, homeowner, teen driver, and alternative fuel.
Progressive offers discounts for multi-vehicle, multi-policy, online quote discount, good student, continuous coverage, and homeowner.

Before you buy a policy, ask every prospective company which discounts you qualify for. Some discounts may not apply to policyholders in your area. If you would like to view companies that provide some of the discounts listed above, click this link.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Every situation is different so your insurance needs to address that. For example, these questions might point out whether you would benefit from professional advice.

Does insurance cover tools stolen from my truck?
What is high-risk coverage and where do I buy it?
Is my babysitter covered when using my vehicle?
How can I get high-risk coverage after a DUI?
Do I need motorclub coverage?
Am I covered when driving a rental car?
Does my insurance cover a custom paint job?
Can I pay claims out-of-pocket if I buy high deductibles?
What should my uninsured motorist coverage limits be in my state?
What happens if I owe more than my 2009 Honda Odyssey is worth?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

The coverage is in the details

Learning about specific coverages of insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages available from insurance companies.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like driving through your garage door, crashing into a building, hitting a mailbox and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Auto liability

This coverage will cover damage that occurs to people or other property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as medical services, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, falling objects, rock chips in glass and fire damage. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as ambulance fees, funeral costs, doctor visits, surgery and dental work. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Odyssey.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.