Compare 2012 Honda Odyssey Insurance Quotes

Looking for cheaper insurance coverage rates for your Honda Odyssey? If you are new to online insurance coverage, there’s a good chance you are baffled thanks to the huge assortment of insurance coverage companies all offering big savings.

Shopping for the cheapest coverage can be fairly easy. In a nutshell, anyone who has to buy car insurance will be able to reduce their rates. But vehicle owners must learn the way companies compete online and use this information to your advantage.

Eight tips to get more affordable insurance costs

A large part of saving on insurance coverage is knowing the rating factors that help determine the rates you pay for insurance coverage. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to cheaper rates.

The itemized list below are a few of the things insurance coverage companies consider when setting rates.

  • Alarms and GPS tracking lower premiums – Driving a car with advanced anti-theft systems can get you a discount on your insurance coverage. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft.
  • Don’t get traffic citations – Having a clean driving record has a lot to do with how much you pay for insurance. Even a single ticket can increase the cost of insurance substantially. Drivers with clean records get better rates compared to bad drivers. Drivers who have received dangerous tickets such as reckless driving, hit and run or driving under the influence may find they need to prove financial responsibility with their state motor vehicle department in order to keep their license.
  • Save by driving less – The higher the miles on your Honda in a year the higher your rate. The majority of insurers calculate rates based on their usage. Cars that sit idle most of the time cost less to insure than those that get driven frequently. A policy that improperly rates your Odyssey may be costing you higher rates. It’s a smart idea to ensure your declarations sheet is showing the correct usage.
  • Where you call home can impact costs – Residing in areas with lower population can be a good thing if you are looking for the lowest rates. Less people living in that area means a lower chance of having an accident in addition to lower liability claims Residents of big cities have more traffic problems and a longer drive to work. More time behind the wheel can result in more accidents.
  • Drivers with high credit save – Having a good credit rating is a large factor in calculating your premium rate. Drivers who have excellent credit tend to be less risk to insure than those with bad credit. So if your credit score is lower than you’d like, you could potentially save money when insuring your 2012 Honda Odyssey by repairing your credit.
  • Pay more out-of-pocket – Physical damage insurance, also called ‘full coverage’, insures against damage to your Honda. Examples of some claims that would be covered are a broken side mirror, vandalism, and burglary. The deductibles you choose tell how much the insured will be required to pay before a claim is paid by your company. The larger the amount you’re willing to pay, the bigger discount you will receive for Odyssey insurance.
  • Prevent policy lapses – Not having insurance is illegal and as a result your rates will increase for letting your coverage have a gap. Not only will you pay higher rates, being ticketed for driving with no insurance will get you a license revocation or jail time.
  • Discounts for auto and home policies – Lots of insurance coverage companies provide better rates to clients that buy multiple policies. It’s known as a multi-policy discount. Even if you qualify for this discount already, drivers will still want to compare other company rates to help ensure you have the lowest rates.

Cheaper insurance quotes with discounts

Insurance is not an enjoyable expense, but there could be available discounts that can help lower your rates. A few discounts will be applied at the time of purchase, but a few must be requested specifically in order for you to get them.

  • Senior Citizen Discount – Seniors may qualify for reduced rates for Odyssey insurance.
  • Savings for New Vehicles – Adding a new car to your policy can cost up to 25% less because newer models keep occupants safer.
  • ABS Braking Discount – Cars and trucks with anti-lock braking systems prevent accidents so you can save 10 percent or more.
  • Online Discount – A few insurance companies provide a small discount shop insurance coverage on your computer.
  • Low Mileage Discounts – Keeping the miles down on your Honda could be rewarded with discounted rates on garaged vehicles.
  • Accident Forgiveness – Not necessarily a discount, but a handful of insurance companies allow you one accident before raising your premiums with the catch being you have to be claim-free prior to being involved in the accident.
  • Good Student Discount – This discount can earn a discount of 20% or more. Many companies even apply the discount to college students up until you turn 25.
  • Discount for Life Insurance – If the company offers life insurance, you could get lower prices if you buy auto and life insurance together.
  • Good Driver Discounts – Insureds who avoid accidents can get discounts for up to 45% lower rates for Odyssey insurance than their less cautious counterparts.
  • Claim-Free Discount – Claim-free drivers can save substantially when compared with insureds who have frequent claims or accidents.

One thing to note about discounts is that many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that having all the discounts means you get insurance for free, you’re out of luck.

Large insurance companies and a summarized list of policyholder discounts can be read below.

  • State Farm may include discounts for multiple policy, good driver, accident-free, Drive Safe & Save, multiple autos, student away at school, and Steer Clear safe driver discount.
  • Geico offers premium reductions for good student, multi-vehicle, federal employee, driver training, and emergency military deployment.
  • SAFECO includes discounts for accident prevention training, teen safe driver, anti-lock brakes, multi-car, anti-theft, teen safety rewards, and bundle discounts.
  • Farmers Insurance may offer discounts for alternative fuel, teen driver, switch companies, business and professional, and pay in full.
  • AAA offers discounts for multi-car, AAA membership discount, pay-in-full, education and occupation, multi-policy, anti-theft, and good student.
  • USAA has discounts for multi-policy, vehicle storage, defensive driver, new vehicle, safe driver, and annual mileage.

When getting a coverage quote, ask every prospective company the best way to save money. Discounts might not apply in your area. For a list of insurers that offer the discounts shown above, follow this link.

Can you really save if you switch?

Well-known auto insurance companies like Geico, State Farm and Progressive constantly bombard you with ads on TV and radio. They all seem to have a common claim that drivers can save some big amount if you just switch your auto insurance policy to them. How is it possible that every company can offer you a better deal? It’s all in the numbers.

Auto insurance companies give the best rates for the right customer that will most likely be profitable. For instance, a profitable insured might be described as over the age of 45, has a clean driving record, and drives less than 10,000 miles a year. Any driver who matches those parameters may get the lowest prices and will probably cut their rates if they switch.

Consumers who are not a match for those criteria will be charged a more expensive rate which translates to the driver buying from a lower-cost company. If you listen to the ad wording, they say “drivers that switch” not “everyone who quotes” save that much. That is how companies can claim big savings.

Because of the profiling, you need to get price quotes at each policy renewal. It’s not possible to predict which auto insurance company will have the lowest premium rates for your situation.

Tailor your insurance coverage coverage to you

When choosing coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

For example, these questions could help you determine whether you may require specific advice.

  • What are the best liability limits?
  • Who is covered by my policy?
  • Should I carry comprehensive and collision coverage?
  • Is pleasure use cheaper than using my 2012 Honda Odyssey to commute?
  • Do I need added coverage for expensive stereo equipment?
  • Is my teen driver covered when they drive my company car?
  • Is my babysitter covered when using my vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Why do I only qualify for high-risk insurance?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form.

Car insurance 101

Learning about specific coverages of insurance helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your 2012 Honda Odyssey.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a mailbox, backing into a parked car, scraping a guard rail, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like hail damage, theft, damage from getting keyed and damage from flooding. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like pain and suffering, funeral expenses, bail bonds and court costs. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for bills such as prosthetic devices, dental work and pain medications. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Saving money is sweet as honey

We just covered many tips how you can reduce 2012 Honda Odyssey insurance car insurance rates online. The key thing to remember is the more rate quotes you have, the better your comparison will be. Drivers may discover the most savings is with an unexpected company.

As you quote insurance coverage, don’t be tempted to reduce needed coverages to save money. There are too many instances where consumers will sacrifice collision coverage only to discover later they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at an affordable rate, but do not skimp to save money.

Insureds who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, unfair underwriting practices, extreme rates for teen drivers or even lack of trust in their agent. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

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