2002 Honda Odyssey Insurance Quotes – 10 Tips for Best Rates

Looking for cheaper insurance rates for your Honda Odyssey? I can’t think of anyone who is fond of buying insurance, in particular when it costs too dang much.

Big companies like Geico, Farmers Insurance and State Farm constantly bombard you with ads and consumers find it hard to see past the corporate glitz and effectively compare rates to find the best deal.

You should take the time to take a look at other company’s rates once or twice a year because rates change frequently. Just because you had the lowest premium rates on Odyssey coverage at your last renewal the chances are good that you can find a lower price today. You can find a lot of wrong information about insurance out there, but in a few minutes you can learn some tested techniques to buy insurance cheaper.

Use discounts to get cheaper auto insurance rates

Properly insuring your vehicles can get expensive, but there are discounts available that can dramatically reduce your bill. Certain reductions will be credited when you get a quote, but a few must be specially asked for before they will apply.

• Paper-free Discount – A few companies will give you a small discount for buying a policy and signing up over the internet.
• Driver’s Ed – Have your child take driver’s ed class as it can save substantially.
• Federal Government Employee – Active or retired federal employment could cut as much as 10% off on Odyssey coverage but check with your company.
• Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you could save 5% or more.
• Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control can stop better under adverse conditions and qualify for as much as a 10% discount.
• Waiver for an Accident – This isn’t a discount exactly, but companies like Allstate, State Farm and Geico allow you one accident without raising rates so long as you are claim-free for a specific time period.
• Homeowners Savings – Being a homeowner can earn you a little savings because it is proof of financial responsibility.
• Safety Course Discount – Taking time to complete a defensive driving course could save 5% or more if you qualify.
• New Car Discount – Buying a new car model can cost up to 25% less since new model year vehicles are generally safer.
• Senior Discount – If you qualify as a senior citizen, you can possibly qualify for reduced rates on Odyssey coverage.

Keep in mind that some of the credits will not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you could get a free auto insurance policy, nobody gets a free ride. But any discount will bring down your overall premium however.

A list of auto insurance companies and a selection of discounts are shown below.

• State Farm offers premium reductions for passive restraint, driver’s education, Drive Safe & Save, good student, and anti-theft.
• Liberty Mutual includes discounts for multi-policy, new vehicle discount, newly married, newly retired, and teen driver discount.
• American Family has savings for multi-vehicle, early bird, air bags, accident-free, Steer into Savings, and TimeAway discount.
• Progressive may include discounts for multi-vehicle, online signing, good student, multi-policy, and online quote discount.
• Farmers Insurance may offer discounts for distant student, teen driver, electronic funds transfer, early shopping, mature driver, and homeowner.
• Auto-Owners Insurance discounts include safe driver, anti-lock brakes, good student, air bags, safe vehicle, teen driver, and multi-policy.
• SAFECO may have discounts that include anti-theft, teen safe driver, anti-lock brakes, homeowner, and drive less.

When comparing rates, check with every insurance company to give you their best rates. Some credits might not be available to policyholders in your area. To find providers that offer many of these discounts, click here to view.

The quickest way to compare insurance rates from multiple companies is to take advantage of the fact most insurance companies pay for the opportunity to provide you with a free rate quote. All consumers are required to do is give them rating details including if you’re married, coverage limits, if your license is active, and how much education you have. The rating information is instantly provided to many highly-rated insurers and you should receive rate quotes almost instantly.

Tailor your car insurance coverage to you

When buying the right insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can aid in determining if your situation would benefit from an agent’s advice.

• When does my teenage driver need to be added to my policy?
• Am I missing any policy discounts?
• Exactly who is provided coverage by my policy?
• Does my liability insurance cover pulling a trailer or camper?
• How can I find cheaper teen driver insurance?
• Am I better off with higher deductibles on my 2002 Honda Odyssey?
• Can my babysitter drive my car?
• When can I cancel my policy?
• Does insurance cover tools stolen from my truck?
• Do I need PIP (personal injury protection) coverage in my state?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Can switching companies really save?

Well-known car insurance companies like Progressive, Geico, Allstate and State Farm seem to constantly run ads on television and other media. All the companies make the point about savings if you switch your policy. It sounds good, but how can they all charge lower premium rates? Here is how they do it.

Many companies give the cheapest rates for the type of customer that earns them the most money. For example, this type of insured might be between the ages of 40 and 55, has no claims, and drives less than 5,000 miles a year. A driver who fits those characteristics will most likely get cheap prices and as a result will probably save some money.

Insureds who do not fit those standards will get higher premiums which leads to business not being written. The trick companies use is to say “customers who switch” not “everybody who quotes” save the amount stated. This is how companies can claim big savings.

Because of these techniques, it is so important to compare quotes as often as possible. It’s impossible to know the company that will give you lower prices than your current company.

What car insurance coverages do you need?

Understanding the coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverages offered by car insurance companies.

Liability insurance

Liability coverage protects you from injuries or damage you cause to other people or property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical services, repair bills for other people’s vehicles, emergency aid, structural damage and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision)

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, damage from a tornado or hurricane, hail damage, theft and fire damage. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like doctor visits, pain medications, dental work and X-ray expenses. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Honda Odyssey.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like damaging your car on a curb, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to choose a higher deductible to bring the cost down.

Saving money is sweet as honey

When getting car insurance quotes online, it’s not a good idea to reduce needed coverages to save money. In too many instances, an accident victim reduced full coverage and learned later that the few dollars in savings costed them thousands. The aim is to purchase plenty of coverage at a price you can afford.

You just learned a lot of tips how to get a better price on 2002 Honda Odyssey insurance. The key concept to understand is the more price quotes you have, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with a small mutual company. They can often provide lower premium rates in certain areas than the large multi-state companies such as Allstate and Progressive.

Additional insurance information can be found below:

• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• What is Full Coverage? (Allstate)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• Understanding Car Crashes Video (iihs.org)