2008 Honda Odyssey Insurance Rates

Trying to find low-cost insurance for a Honda Odyssey could be a painful process, but you can learn a few tricks and make it easy.

There are more efficient ways to buy insurance and you need to know 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.

You should make it a habit to price shop coverage on a regular basis because prices tend to go up over time. Even if you think you had the best price for Odyssey insurance at your last renewal you may be paying too much now. Ignore everything you know about insurance because we’re going to demonstrate the fastest way to lower your rates without sacrificing coverage.

Buying cheaper protection can be fairly easy. If you are insured now or need a new policy, you can use these techniques to shop for the lowest rates and still get good coverage. Drivers just need to know the best way to shop on the web.

Lower rates by qualifying for discounts

Companies offering auto insurance do not advertise their entire list of discounts very clearly, so we break down a few of the more common and also the lesser-known discounts that you can inquire about if you buy car insurance online.

• Active Military Service – Having a family member in the military could trigger a small discount.
• Mature Driver Discount – If you qualify as a senior citizen, you may qualify for a slight reduction on a car insurance quote for Odyssey insurance.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance.
• Early Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you could save up to 5%.
• New Car Discount – Buying a new car model can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• More Vehicles More Savings – Buying insurance for more than one vehicle with the same insurance company can get a discount on all vehicles.
• Government Employees – Simply working for the federal government may reduce rates when you quote car insurance for Odyssey insurance with certain companies.
• Discounts for Good Drivers – Insureds who avoid accidents can save up to 40% or more on their car insurance quote for Odyssey insurance than drivers with accidents.

Discounts lower rates, but some of the credits will not apply to the entire cost. Most only reduce specific coverage prices like liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, you aren’t that lucky.

If you would like to view insurance companies that offer the discounts shown above, click here to view.

Insurance is unique, just like you

When choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.

For example, these questions may help highlight whether you would benefit from professional advice.

• How do I file an SR-22 for a DUI in my state?
• Will filing a claim cost me more?
• When can I cancel my policy?
• Are my friends covered when driving my 2008 Honda Odyssey?
• Does liability extend to a camper or trailer?
• Who is covered by my policy?
• Is my babysitter covered when using my vehicle?
• Does coverage extend to Mexico or Canada?
• Does having multiple vehicles earn me a discount?

If you can’t answer 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, take a second and complete this form. It’s fast, free and you can get the answers you need.

Can switching companies really save?

Consumers can’t get away from ads that claim the lowest prices by Allstate, Geico and Progressive. They all seem to advertise the message that drivers can save some big amount if you switch your auto insurance policy to them.

Is it even possible that every company can charge you less for car insurance?

Many companies look for specific characteristics for the type of driver that will generate a profit. An example of this type of risk profile might have to be a female over age 40, has other policies, and has a high credit rating. Anybody who matches those parameters will qualify for the lowest rates and as a result will probably save some money.

People who are not a match for those criteria must pay higher prices which results in the customer buying from someone else. The trick companies use is to say “people that switch” not “everybody who quotes” save that much when switching. That is how companies can truthfully claim big savings.

This really emphasizes why you should compare many company’s car insurance rates. It is just not possible to predict which insurance companies will have the lowest rates.

Auto insurance coverage specifics

Having a good grasp of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Collision coverage

Collision coverage will pay to fix damage to your Odyssey resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a ditch, driving through your garage door, colliding with another moving vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Honda Odyssey.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for immediate expenses like nursing services, hospital visits and X-ray expenses. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like damage from a tornado or hurricane, theft and a broken windshield. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability insurance

This coverage can cover injuries or damage you cause to people or other property by causing an accident. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like attorney fees, structural damage, medical services, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Stretch your dollar

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. There are too many instances where someone dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. Your aim should be to find the BEST coverage at the lowest possible cost but still have enough coverage for asset protection.

Some companies may not have online quoting small, regional companies only sell coverage through independent agencies. Cost effective 2008 Honda Odyssey insurance is available both online and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

You just learned a lot of techniques to save on 2008 Honda Odyssey insurance. The key thing to remember is the more providers you compare, the better your comparison will be. You may even discover the lowest priced insurance comes from a small mutual company.

Helpful information

• Eight Auto Insurance Myths (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• Distracted Driving (Insurance Information Insitute)