Cheap 2016 Honda Odyssey Car Insurance Rates

Want better auto insurance rates for your Honda Odyssey? Purchasing lower priced auto insurance is intimidating for comparing and buying auto insurance on the internet. With a ridiculous number of insurance companies available, how are drivers able to effectively compare every one to find lower auto insurance premiums?

If you currently have a car insurance policy, you will be able to reduce your rates substantially using this information. This article will familiarize you with how to get online quotes and some tricks to saving. Although car owners must comprehend how the larger insurance companies sell online because it can help you find the best coverage.

Lower the price of car insurance with these tips

Smart consumers have a good feel for the rating factors that are used to determine the level of your policy premiums. When you know what positively or negatively impacts premium levels, this enables you to make decisions that will entitle you to better car insurance rates. Many factors are taken into consideration when you get a price on insurance. Some of the criteria are obvious like an MVR report, but some are less apparent like where you live or your financial responsibility.

  • Filing policy claims can cost more – If you file claims often, don’t be surprised to see either a policy non-renewal or much higher rates. Insurance companies give better rates to drivers who do not file claims often. Auto insurance is intended to be relied upon for larger claims.
  • Higher prices for demanding employers – Did you know your job can affect your rates? Occupations like military personnel, social workers and emergency personnel are shown to have higher premium rates attributed to intense work-related stress and long work days. Other occupations like scientists, students and homemakers have the lowest average rates on Odyssey insurance.
  • Gender and car insurance rates – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes have auto accidents in similar numbers, but the males have accidents that have higher claims. In addition to higher claims, males also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
  • Marriage discount – Being married helps lower the price on your car insurance policy. Having a spouse translates into being more responsible and it’s statistically proven that married drivers tend to file fewer claims.
  • Responsible drivers pay less – Good drivers get better prices than people who have multiple driving citations. Even one ticket can boost insurance rates by as much as twenty percent. Drivers who have dangerous citations like DWI, reckless driving or hit and run convictions might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Older drivers pay less – Drivers with little experience are statistically proven to get distracted easily behind the wheel so they pay higher car insurance rates. Adding a beginning driver to your car insurance policy can be very expensive. More experienced drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets.

Insurance coverage policy discounts you can’t miss

Insurance coverage can be pricey, but companies offer discounts that can dramatically reduce your bill. Some discounts apply automatically at the time of purchase, but some need to be asked for before they will apply.

  • Life Insurance – Select companies reward you with a small discount if you purchase auto and life insurance together.
  • College Student Discount – Youth drivers who live away from home to go to college and don’t have a car could get you a discount.
  • Good Student – Getting good grades could provide a savings of up to 20% or more. This discount can apply up to age 25.
  • Buy New and Save – Insuring a new car can save you some money since newer vehicles are generally safer.
  • Low Miles Discount – Driving less may enable drivers to earn lower rates due to less chance of an accident.
  • Accident Free – Claim-free drivers can save substantially in comparison with frequent claim filers.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and will save you 10% or more.
  • Discount for Home Ownership – Simply owning a home can save you money since owning and maintaining a home requires personal responsibility.
  • Telematics Data – Insureds that choose to allow data collection to study driving manner by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates as long as they are good drivers.

While discounts sound great, it’s important to understand that most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you could get a free insurance coverage policy, it’s just not the way it works.

Large insurance coverage companies and some of their more popular discounts are outlined below.

  • Farmers Insurance has savings for youthful driver, teen driver, early shopping, alternative fuel, electronic funds transfer, mature driver, and switch companies.
  • State Farm offers discounts for multiple autos, anti-theft, Steer Clear safe driver discount, accident-free, good driver, and student away at school.
  • Liberty Mutual may include discounts for multi-policy, exclusive group savings, multi-car, preferred payment discount, safety features, and new move discount.
  • MetLife includes discounts for accident-free, defensive driver, multi-policy, good driver, and claim-free.
  • Progressive policyholders can earn discounts including good student, multi-vehicle, homeowner, multi-policy, and online quote discount.

Before purchasing a policy, check with every prospective company which discounts can lower your rates. Discounts might not apply in your area. To view companies with the best discounts, follow this link.

But the ad said I’d save 15% in 15 minutes!

Auto insurance companies such as State Farm, Geico and Progressive consistently run ads on TV and radio. All the companies make an identical promise of big savings just by moving your coverage. How is it plausible that every one can charge you a lower premium? It’s all in the wording.

All the different companies give the cheapest rates for a prospective insured that will not have excessive claims. For example, this type of driver might have to be between the ages of 40 and 55, is a homeowner, and drives less than 7,500 miles a year. Any customer who fits those characteristics receives the best car insurance rates and as a result will probably cut their rates substantially.

Potential customers who do not match those standards will be charged a higher rate which translates to the customer buying from a different company. The wording the ads use say “customers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way companies can truthfully make it sound like they have such great car insurance rates.

Because of this risk profiling, drivers should get a wide range of price quotes. It’s just not possible to know which insurance companies will give you lower rates than your current company.

Insurance agents can help

When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.

  • When should I drop full coverage on my 2016 Honda Odyssey?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is business property covered if stolen from my car?
  • Does having multiple vehicles earn me a discount?
  • Is rental equipment covered for theft or damage?
  • Do I have any recourse if my insurance company denies a claim?
  • Are all vehicle passengers covered by medical payments coverage?
  • Who is covered by my policy?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Information about specific coverages

Learning about specific coverages of a insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage – This covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from getting keyed, damage from a tornado or hurricane, vandalism and a broken windshield. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your 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 is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as EMT expenses, funeral costs, pain medications, X-ray expenses and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to 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

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, backing into a parked car, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Liability – Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like repair costs for stationary objects, emergency aid, structural damage and medical services. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Keep this in mind

Cost effective 2016 Honda Odyssey insurance can be bought online and from local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not offer internet price quotes and these small insurance companies prefer to sell through independent agents.

People leave their current company for any number of reasons including unfair underwriting practices, poor customer service, policy cancellation or being labeled a high risk driver. It doesn’t matter why you want to switch finding the right insurance provider is easier than you think.

When searching for low cost insurance coverage quotes, never reduce needed coverages to save money. In many instances, an insured cut uninsured motorist or liability limits only to find out that the savings was not a smart move. Your focus should be to get the best coverage possible at a price you can afford while not skimping on critical coverages.

Additional information can be read at the links below