Cheap 1995 Honda Odyssey Insurance Rates

Trying to find lower car insurance rates for your Honda Odyssey? Wish you could get out of an expensive car insurance policy? You’re preaching to the choir because many consumers are in the same pinch. There is such a variety of insurance companies to pick from, and although it’s a good thing to have a selection, more choices can make it harder to find the best rates.

Finding the best rates is not that difficult. If you are paying for car insurance now, you will be able to save some money using these tips. Vehicle owners just need to learn the most efficient way to get comparison quotes over the internet.

How your Odyssey insurance prices are determined

An important part of buying insurance is that you know the different types of things that aid in calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get lower premium levels. Many things are considered when premium rates are determined. Some are obvious such as your driving record, although others are not quite as obvious like where you live or your vehicle rating.

• Obey driving laws and save – Having a clean driving record has a lot to do with how much you pay for insurance. Good drivers have lower premiums than their less careful counterparts. Just one moving violation may increase your cost by as much as twenty percent. People who have flagrant tickets such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with the DMV in their state in order to prevent their license from being revoked.
• Save money with theft deterrents – Owning a car that has a built-in theft deterrent system can help bring down rates. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all aid in stopping your vehicle from being stolen.
• How many miles do you drive? – The more you drive annually the more you will pay for insurance coverage. Almost all companies apply a rate based upon how much you drive. Autos used primarily for pleasure use can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your Odyssey may be costing you higher rates. Make sure your policy reflects the correct driver usage.
• Vocation stress can make you pay more – Occupations such as military personnel, architects and accountants tend to pay higher rates than average attributed to high stress levels and lots of time spent at work. On the flip side, careers like professors, students and homemakers generally pay rates lower than average for Odyssey insurance.
• Women pay lower premiums – Statistics have proven that females take fewer risks when driving. It does not mean females are better at driving than males. Males and females get in accidents at a similar rate, but males tend to have more serious accidents. They also get ticketed for serious violations like driving under the influence (DUI). Males from age 16 to 21 are most likely to cause an accident so it costs more to insure them.
• Drive a safer car and pay less – Vehicles that have high safety ratings are cheaper to insure. Vehicles built for safety have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.
• Too many policy claims drive up prices – Auto insurance companies award cheaper rates to people who are not frequent claim filers. If you frequently file small claims, you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance is designed for larger claims.
• Higher insurance coverage rates for coverage lapses – Driving any period of time without insurance is not a good idea and your next policy will cost more because you let your coverage cancel without a new policy in place. Not only will you pay higher rates, failure to provide proof of insurance can result in a license revocation or jail time. You may have to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.

Discounts can really help to save

Buying car insurance is not cheap, but you may qualify for discounts that could help you make your next renewal payment. A few discounts will be applied when you complete an application, but some discounts are required to be inquired about before they will apply.

• Homeowners Discount – Simply owning a home can earn you a little savings because of the fact that having a home means you have a higher level of financial diligence.
• Safe Drivers – Insureds who avoid accidents can save as much as half off their rates for Odyssey insurance compared to accident prone drivers.
• Multi-line Discount – Not all companies offer life insurance, but some may give you a lower premium rate if you buy auto and life insurance together.
• Renewal Discounts – A few companies give discounts for switching companies before your current coverage expires. This can save 10% or more.
• Pay Now and Pay Less – By paying your policy upfront as opposed to paying monthly you may have a lower total premium amount.

It’s important to note that most discount credits are not given to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you can get free auto insurance, insurance companies wouldn’t stay in business.

Some of the larger companies that may have many of the previously listed discounts may include but are not limited to:

• The Hartford
• American Family
• Progressive
• Travelers
• Farmers Insurance
• USAA
• Liberty Mutual

Double check with each company or agent which discounts you qualify for. A few discounts might not be offered in every state.

Insurance savings promises

Drivers get pounded daily by advertisements for cheaper insurance from companies such as Progressive, Allstate and Geico. They all seem to state the claim about how much you will save if you just switch your insurance policy to them.

Is it even possible that every company can make almost identical claims?

All companies have an ideal profile for the right customer that will be a good risk. One example of this type of driver should be between the ages of 30 and 50, has a low-risk occupation, and drives a safe vehicle. Anyone that fits those parameters will probably get the lowest car insurance rates and will probably cut their rates if they switch.

Potential insureds who don’t measure up to these stringent criteria will see higher rates which results in the customer buying from someone else. If you listen to the ad wording, they say “drivers that switch” but not “all drivers who get quotes” save that much money. This is how insurance companies can confidently advertise the savings. This illustrates why drivers should compare price quotes frequently. It’s just not possible to know which insurance company will give you the biggest savings.

Will just any policy work for me?

When buying the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Every situation is different so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation might need professional guidance.

• How many claims can I have before being cancelled?
• I have health insurance so do I need medical payments coverage?
• What is no-fault insurance?
• Which companies will insure high-risk drivers?
• Are my tools covered if they get stolen from my vehicle?
• What if I total my 1995 Honda Odyssey and owe more than it’s worth?
• When should I drop full coverage on my 1995 Honda Odyssey?
• If I drive on a suspended license am I covered?
• Should I file a claim if it’s only slightly more than my deductible?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Learn about insurance coverages for a 1995 Honda Odyssey

Knowing the specifics of your policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average insurance policy.

Liability insurance

This coverage will cover damage that occurs to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as medical services, funeral expenses and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Honda Odyssey.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as falling objects, a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane and hitting a bird. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills for funeral costs, surgery, dental work, chiropractic care and hospital visits. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage protection

This pays for damage to your Odyssey caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, scraping a guard rail, rolling your car, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.

Shop. Compare. Save.

Some insurance companies may not offer online quoting and most of the time these regional insurance providers sell through independent agents. Budget-friendly insurance can be bought both online and from local insurance agents, and you should compare rates from both so you have a total pricing picture.

When searching for the cheapest insurance coverage quotes, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, someone dropped collision coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.

To learn more, take a look at the resources below:

• Auto Theft Statistics (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• State Car Insurance Guides (Geico)
• Red Light Cameras (State Farm)
• Eight Auto Insurance Myths (Insurance Information Insitute)