Cheap 1998 Honda Odyssey Car Insurance Cost

Locating low-cost insurance for a Honda Odyssey can be a painful process, but you can learn a few tricks to save time.

There are more efficient ways to buy auto insurance so you’re going to learn the absolute fastest way to compare rates for a new or used Honda and obtain the lowest price from both online companies and local agents.

It’s a good idea to quote other rates on a regular basis since prices change quite often. Just because you found the best rates on Odyssey insurance a couple years back a different company probably has better rate quotes today. Forget anything you know (or think you know) about auto insurance because I’m going to teach you the fastest way to find lower rates on auto insurance.

Components of your Honda Odyssey insurance prices

Multiple criteria are considered when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although some other factors are less apparent like your continuous coverage and annual miles driven.

• Safer cars are cheaper to insure – Cars with high safety ratings get lower rates. Vehicles engineered for safety reduce injuries and lower rates of occupant injuries means your insurance company pays less which can result in lower premiums.
• Urban residents pay more – Residing in a small town is a positive aspect when talking about insurance coverage. Drivers who live in large cities have traffic congestion and higher rates of accident claims. Fewer people means reduced accidents.
• Lower deductibles cost more – Physical damage protection, also known as collision and other-than-collision, is used to repair damage to your Honda. Examples of some claims that would be covered are a broken side mirror, damage caused by hail, and damage from a fallen tree branch. Your deductibles define how much you are required to spend if the claim is covered. The more you have to pay, the less your company will charge you for insurance on Odyssey insurance.
• Prevent your car from being stolen – Buying a car with an alarm system can earn a premium discount. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop your car from being stolen.
• How much liability coverage do you need? – The liability section of your policy will afford coverage when you are ruled to be at fault for causing damage or personal injury in an accident. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.

You may qualify for discounts

Not too many consumers would say insurance coverage is affordable, but you might already qualify for some discounts that you may not know about. A few discounts will automatically apply when you complete an application, but a few need to be specially asked for prior to receiving the credit.

• Professional Organizations – Affiliation with qualifying employment or professional organizations could earn you a nice discount on your policy.
• Distant Student – Youth drivers who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
• Payment Discounts – By paying your policy upfront instead of paying each month you could save up to 5%.
• Driver Training Discounts – Taking a safe driver course could save 5% or more if you qualify.
• Discounts for Multiple Vehicles – Purchasing coverage when you have primary and secondary vehicles with the same company can reduce the rates for all insured vehicles.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. Any qualifying discounts will definitely lower the cost of your policy.

A few popular companies and their offered discounts can be found below.

• Geico offers discounts including driver training, membership and employees, multi-vehicle, anti-lock brakes, seat belt use, and daytime running lights.
• USAA discounts include family discount, vehicle storage, annual mileage, military installation, loyalty savings, and multi-policy.
• Progressive offers premium reductions for online signing, good student, homeowner, continuous coverage, multi-policy, multi-vehicle, and online quote discount.
• American Family may include discounts for bundled insurance, good student, early bird, multi-vehicle, air bags, good driver, and accident-free.
• Esurance offers discounts for emergency road assistance, online quote, Switch & Save, anti-theft, homeowner, and good driver.
• Farmers Insurance has discounts for multi-car, homeowner, alternative fuel, good student, bundle discounts, teen driver, and early shopping.
• State Farm may offer discounts for passive restraint, Steer Clear safe driver discount, Drive Safe & Save, student away at school, and good driver.

If you need affordable insurance quotes, ask each company or agent which discounts can lower your rates. All car insurance discounts might not apply in your area. If you would like to choose from a list of companies that provide some of the discounts listed above, follow this link.

There’s no such thing as the perfect insurance coverage policy

When buying the best insurance coverage coverage, there isn’t really a “best” method to buy coverage. Every situation is different.

For instance, these questions might help in determining if you may require specific advice.

• Can I pay claims out-of-pocket if I buy high deductibles?
• Can I afford to buy a different vehicle if my 1998 Honda Odyssey is totaled?
• What is the rate difference between pleasure use and commuting?
• Do I need replacement cost coverage?
• I have a DUI can I still get coverage?
• Is borrowed equipment or tools covered if stolen or damaged?
• What should my uninsured motorist coverage limits be in my state?
• Where can I find DUI or SR-22 insurance?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

What insurance coverages do you need?

Learning about specific coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision coverages – This will pay to fix damage to your Odyssey from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like scraping a guard rail, hitting a mailbox, backing into a parked car, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like X-ray expenses, chiropractic care and doctor visits. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like rock chips in glass, a broken windshield, hail damage and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability – This coverage will cover damage or injury you incur to other people or property by causing an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like pain and suffering, medical expenses, attorney fees, loss of income and structural damage. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage – This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are identical to your policy’s liability coverage.

Save for a rainy day

When you buy insurance online, you should never skimp on coverage in order to save money. There have been many cases where an insured cut full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

Insureds switch companies for any number of reasons including being labeled a high risk driver, high rates after DUI convictions, delays in responding to claim requests and policy cancellation. Regardless of your reason for switching companies, finding a new insurance company is actually quite simple.

Lower-priced 1998 Honda Odyssey insurance can be bought online and from local agencies, and you need to price shop both in order to have the best chance of saving money. Some insurance providers do not offer rates over the internet and usually these smaller providers provide coverage only through independent insurance agents.

Additional detailed information can be found in the articles below:

• Keeping Children Safe in Crashes Video (iihs.org)
• Choosing an Insurance Company (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)