Lower Your 2007 Honda Odyssey Car Insurance Rates

Searching for lower insurance rates for your Honda Odyssey? Did a good deal turn into overpriced insurance? Believe me, many drivers feel the same as you. Many insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare insurers to find the best price available.

Consumers need to compare rates quite often because prices fluctuate regularly. Despite the fact that you may have had the best deal for Odyssey coverage six months ago you will most likely find a better premium rate today. Block out anything you think you know about insurance because I’m going to teach you the fastest and easiest way to lower your annual insurance bill.

The easiest way to compare insurance rates in your area is to take advantage of the fact most insurance companies provide online access to give rate comparisons. The one thing you need to do is give them some information like marital status, if your license is active, your credit rating estimate, and your education level. The data is instantly submitted to multiple auto insurance providers and you receive quotes instantly.

To check rates for your car now, click here and complete the quick form.

Don’t overlook these insurance coverage discounts

Car insurance companies don’t always publicize all available discounts in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find discounts that you can inquire about if you buy insurance coverage online.

• Driver Safety – Taking part in a defensive driver class could cut 5% off your bill if your company offers it.
• Lower Rates for Military – Having a family member in the military could trigger a small discount.
• Own a Home and Save – Just being a homeowner may earn you a small savings since home ownership shows financial diligence.
• Good Students Pay Less – Being a good student can earn a discount of 20% or more. You can use this discount normally up to age 25.
• New Car Discount – Insuring a vehicle that is new can get you a discount since new vehicles have better safety ratings.
• College Student Discount – who are enrolled in higher education away from home and do not have access to a covered vehicle may be able to be covered for less.

As is typical with insurance, some credits don’t apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. Even though it appears it’s possible to get free car insurance, it’s just not the way it works.

A few of the larger companies and a partial list of their discounts are included below.

• Geico may have discounts that include membership and employees, good student, five-year accident-free, daytime running lights, emergency military deployment, and air bags.
• MetLife may include discounts for accident-free, good student, good driver, multi-policy, defensive driver, claim-free
• State Farm policyholders can earn discounts including good driver, Drive Safe & Save, safe vehicle, accident-free, and Steer Clear safe driver discount.
• Progressive has discounts for multi-vehicle, multi-policy, good student, online quote discount, online signing, continuous coverage, and homeowner.
• Mercury Insurance may offer discounts for age of vehicle, low natural disaster claims, type of vehicle, anti-theft, location of vehicle, and ease of repair.
• 21st Century has savings for defensive driver, driver training, teen driver, student driver, 55 and older, automatic seat belts, and early bird.
• Allstate offers discounts including good student, farm vehicle, passive restraint, economy car, and early signing.

It’s a good idea to ask every insurance company to give you their best rates. Some credits might not be offered everywhere. To find providers who offer insurance coverage discounts, click this link.

When to get professional advice

When choosing coverage for your personal vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight whether or not you would benefit from professional advice.

• Do I need motorclub coverage?
• What can I do if my company denied a claim?
• Do I pay less if my vehicle is kept in my garage?
• Can I make deliveries for my home business?
• Does coverage extend to a rental car in a foreign country?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Should I have combined single limit or split liability limits?
• Should I get collision insurance on every vehicle?
• Is a blown tire covered by insurance?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

Five tips to get cheap insurance prices

A large part of saving on car insurance is knowing some of the elements that help determine the level of your policy premiums. If you understand what determines base rates, this empowers consumers to make smart changes that can help you get better car insurance rates. Many different elements are used in the calculation when you get a price on insurance. Most are fairly basic like a motor vehicle report, but others are not as apparent like where you live or how financially stable you are.

Shown below are a few of the “ingredients” used by companies to determine your rates.

• Does your employer raise your prices? – Did you know your job can affect your rates? Occupations such as military generals, architects and stock brokers have higher premiums than the average policyholder in part from intense work-related stress and long work days. Other professions such as professors, engineers and performers pay lower than average rates for Odyssey coverage.
• Lower rates for cars with good safety ratings – Vehicles with good safety scores tend to have better insurance rates. Highly rated vehicles reduce injuries and fewer serious injuries means lower claim amounts and lower rates for you. If your Honda Odyssey earned at least four stars on Safercar.gov you may qualify for a discount.
• Premiums are high for teenagers – Older insureds tend to be more responsible, tend to cause fewer accidents and receive fewer citations.Young drivers have been known to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.
• Gender and car insurance – Statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men cause auto accidents at a similar rate, but guys get into accidents with more damage. Not only that, but men also get ticketed for serious violations such as reckless driving. Youthful male drivers generally have the highest accident percentage and therefore pay the highest rates.
• Getting married is a bonus – Having a spouse may earn you lower rates on car insurance. Marriage usually means you are less irresponsible it has been statistically shown that married drivers get in fewer accidents.

Detailed coverages of your insurance policy

Learning about specific coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills like doctor visits, chiropractic care, dental work, prosthetic devices and funeral costs. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage provides protection from damages or injuries you inflict on people or other property in an accident. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, 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 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things like legal defense fees, court costs, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Collision coverage

This pays for damage to your Odyssey caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a parking meter, scraping a guard rail, driving through your garage door, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, falling objects, damage from flooding and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

In conclusion

As you restructure your insurance plan, do not buy poor coverage just to save money. There are many occasions where consumers will sacrifice full coverage and found out when filing a claim that the savings was not a smart move. The aim is to buy the best coverage you can find at the lowest possible cost.

We just showed you a lot of ways to lower your 2007 Honda Odyssey insurance auto insurance rates. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Drivers may discover the lowest auto insurance rates are with the smaller companies. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

Much more information about car insurance can be read at the links below

• Electronic Stability Control FAQ (iihs.org)
• Insuring a Leased Car (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Credit and Insurance Scores (Insurance Information Insitute)