Lower Your 2003 Honda Odyssey Insurance Quotes

Buying insurance coverage online might sound like a lofty goal if you’re new to online price quotes. But don’t just give up because using the internet to shop for insurance coverage is actually quite easy.

Why you might pay lower rates

It’s important that you understand the different types of things that go into determining the rates you pay for auto insurance. If you know what influences your rates, this helps enable you to make changes that can help you get lower auto insurance prices. Multiple criteria are part of the calculation when you get a price on insurance. Some of the criteria are obvious like your driving record, although others are not quite as obvious like your continuous coverage or how financially stable you are.

• Small claims can cost you – Companies award the lowest premiums to people that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can look forward to higher premiums or even policy non-renewal. Insurance coverage is designed for major claims that would cause financial hardship.
• Safeguard your assets with liability coverage – The liability coverage on your policy will protect you if ever you are found to be at fault for physical damage or personal injury to other. Liability provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Discounts for multiple policies – Many insurance companies apply a discount to buyers that buy multiple policies such as combining an auto and homeowners policy. The discount can be as much as ten percent or more Even though this discount sounds good, it’s always a smart idea to compare rates to help guarantee you have the best rates. You may still be able to save even more by insuring with multiple companies.
• Obey driving laws and save – Whether or not you get tickets impacts premiums far more than you think. Having a single citation can increase the cost of insurance twenty percent or more. Drivers with clean records receive lower rates than their less careful counterparts. Drivers who get flagrant violations like DUI or willful reckless driving are required to maintain a SR-22 with their state’s licensing department in order to legally drive.

Are you qualifying for every discount?

Auto insurance companies don’t always publicize every available discount in an easy-to-find place, so the next list breaks down a few of the more well known and the harder-to-find savings tricks you should be using when you buy insurance coverage online.

• Early Payment Discounts – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
• Multi-Vehicle Discounts – Buying insurance for more than one vehicle with the same company could earn a price break for each car.
• Accident Forgiveness – This isn’t a discount exactly, but a few companies such as Allstate and State Farm permit an accident without the usual rate increase with the catch being you have to be claim-free prior to being involved in the accident.
• Homeowners Savings – Owning a house can save you money since home ownership is proof that your finances are in order.
• Bundled Policy Discount – If you combine your home and auto policies with the same company you may save over 10 percent off each policy depending on the company.
• Mature Driver Discount – Mature drivers can possibly qualify for a discount up to 10% on Odyssey insurance.
• Discount for Swiching Early – A few larger companies give discounts for renewing your policy before your current expiration date. You may see this discount when you get insurance coverage quotes online.

As is typical with insurance, some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky.

A few companies that have some of the above discounts are:

• Geico
• SAFECO
• State Farm
• MetLife
• 21st Century
• Progressive

Before buying, ask each insurance company to apply every possible discount. Discounts may not be available in your area. To locate insurers with discount car insurance rates, click here to view.

Big names are not always cheapest

Companies like Geico, State Farm and Progressive endlessly run television and radio advertisements. They all seem to make the point about savings if you get a free insurance coverage quote and switch to them. How can each company have lower policy pricing? Here is how they do it.

Insurance providers give the best rates for a prospective insured that earns them the highest profit. An example of a driver they prefer might be over the age of 40, has no claims, and drives less than 10,000 miles a year. Any new insured who meets those qualifications will get very good rates and as a result will probably pay quite a bit less when switching companies.

Consumers who cannot meet the “perfect” profile will get a more expensive rate with the end result being the customer buying from someone else. Company advertisements say “people that switch” but not “everyone who gets a quote” save that much money. That’s the way insurance companies can make claims like that. This emphasizes why you really should compare quotes as often as possible. It’s not possible to predict which auto insurance company will give you lower prices than your current company.

When in doubt talk to an agent

When it comes to choosing adequate coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different.

These are some specific questions can aid in determining whether or not you could use an agent’s help.

• Do I have coverage when pulling a U-Haul trailer?
• Is my ex-spouse still covered by my policy?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• I have a DUI can I still get coverage?
• Do I pay less if my vehicle is kept in my garage?
• If my pet gets injured in an accident are they covered?
• Am I covered if I hit my neighbor’s mailbox?
• What if I don’t agree with a claim settlement offer?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Information about specific coverages

Understanding the coverages of a insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Collision coverage

Collision coverage covers damage to your Odyssey from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as driving through your garage door, backing into a parked car, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Coverage for liability

Liability insurance protects you from damage that occurs to a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims such as repair costs for stationary objects, repair bills for other people’s vehicles, legal defense fees and bail bonds. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like hospital visits, funeral costs, EMT expenses and surgery. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, damage from getting keyed, theft, fire damage and hitting a bird. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Honda Odyssey.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Get your money’s worth

We just presented a lot of tips how to compare 2003 Honda Odyssey insurance prices online. The most important thing to understand is the more you quote insurance coverage, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with the smaller companies.

Insureds change insurance companies for any number of reasons including delays in paying claims, delays in responding to claim requests, high prices or even not issuing a premium refund. It doesn’t matter why you want to switch choosing a new company is not as difficult as it may seem.

Some companies don’t offer the ability to get a quote online and these small insurance companies only sell coverage through independent agencies. Budget-friendly insurance coverage can be found from both online companies in addition to many insurance agents, so compare prices from both in order to have the best chance of saving money.

Additional insurance coverage information is located at the links below

• Credit Impacts Car Insurance Rates (State Farm)
• How to Avoid Staged Accidents (State Farm)
• Top Signs Your Brakes are Giving Out (State Farm)
• Information for Teen Drivers (Geico)