Cheaper 2009 Honda Odyssey Insurance Cost

Are you regretting buying an overpriced insurance coverage policy? Don’t sweat it because there are many consumers feeling the pinch from expensive insurance coverage. Companies like Allstate, Liberty Mutual and State Farm continually bombard you with ads and consumers find it hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

Consumers should take time to do price comparisons occasionally because insurance prices trend upward over time. Just because you found the best deal for Odyssey insurance a few years ago other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re about to find out the fastest way to get good coverage at a lower rate.

Find discounts on insurance

Insurance can be prohibitively expensive, but there could be significant discounts that you may not even know about. Certain reductions will be credited when you complete an application, but some need to be requested specifically in order for you to get them.

• Low Mileage – Driving fewer miles can qualify you for slightly better premium rates than normal.
• Student in College – Older children who live away from home to go to college without a vehicle on campus could get you a discount.
• Bundle and Save – If you have multiple policies with the same insurance company you may earn nearly 15% which can help you find cheap insurance.
• Early Signing – A few insurance companies offer discounts for renewing your policy prior to the expiration date on your current policy. You can save around 10% with this discount.
• Theft Prevention System – Cars and trucks with anti-theft systems are stolen with less frequency and that can save you a little bit as well.
• Passive Restraints – Cars that have air bags or motorized seat belts may qualify for discounts up to 30%.
• Drive Safe and Save – Drivers who don’t get into accidents can save up to 40% or more on their insurance quote for Odyssey insurance than drivers with accidents.
• Employee of Federal Government – Active or former government employment could provide a small rate reduction for Odyssey insurance but check with your company.
• Accident Forgiveness – Not a discount per se, but a few companies such as Libery Mutual, Geico and Allstate will let one accident slide before raising your premiums if you have no claims for a certain period of time.
• Own a Home – Just being a homeowner can help you save on insurance because it demonstrates responsibility.

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Most only apply to individual premiums such as comp or med pay. Just because you may think all the discounts add up to a free policy, it doesn’t quite work that way.

Popular insurance companies and a partial list of their discounts include:

• State Farm includes discounts for Drive Safe & Save, driver’s education, good driver, multiple policy, defensive driving training, multiple autos, and good student.
• Geico offers discounts for driver training, daytime running lights, membership and employees, air bags, emergency military deployment, seat belt use, and anti-theft.
• Allstate discounts include resident student, good student, premier plus, anti-theft, and safe driver.
• SAFECO may have discounts that include anti-lock brakes, multi-car, homeowner, accident prevention training, and teen safe driver.
• Farm Bureau may include discounts for multi-policy, youthful driver, driver training, safe driver, renewal discount, and good student.
• Progressive offers discounts including multi-vehicle, good student, multi-policy, online signing, homeowner, continuous coverage, and online quote discount.
• AAA policyholders can earn discounts including multi-policy, pay-in-full, anti-theft, AAA membership discount, good driver, and multi-car.

When comparing rates, check with each company the best way to save money. Some of the discounts discussed earlier may not be offered in your area. To find insurers that provide some of the discounts listed above, follow this link.

Finding insurance

Getting cheaper 2009 Honda Odyssey insurance pricing can be surprisingly simple. You just need to take time to get quotes online from several insurance companies. Rate comparisons can be done in just a few minutes using one of these methods.

• The most efficient way to get quotes would be an industry-wide quote request form like this one (opens in new window). This style of form eliminates the need for separate forms for each company. Just one form gets coverage cost estimates instantly.
• A more time consuming way to obtain and compare quotes online is going to the website for each individual company and get a separate price quote. For examples sake, let’s say you want rates from Auto-Owners, Safeco and Geico. To get rate quotes you would need to go to every website to enter your coverage information, which is why the first method is quicker.

  To view a list of companies in your area, click here.

• Even if you have time, the least recommended method to find cheaper rates is driving to all the different insurance agencies. Doing it all online makes this unnecessary unless you require the personal advice of a licensed agent. If you prefer, some companies allow you to compare online quotes but have your policy serviced through an agent.

However you get your quotes, be sure you’re using identical coverage limits for every company. If you have different coverage information it will be impossible to get a fair rate comparison.

Learn how to quote auto insurance for less

Many different elements are part of the equation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are not as apparent such as your credit history or your financial responsibility.

The items below are some of the things used by insurance companies to determine your rate level.

• Annual miles is a factor – The more you drive every year the more you’ll pay to insure your vehicle. Many insurance companies rate vehicles based upon how much you drive. Cars and trucks that do not get driven very much cost less to insure than vehicles that are driven to work every day. Incorrect rating for your Odyssey can cost quite a bit. Ask your agent if your auto insurance policy correctly shows annual mileage, because improper ratings can cost you money.
• Get married and pay less – Walking down the aisle can actually save you money on your auto insurance bill. Marriage demonstrates that you tend to be more mature and responsible and statistics show drivers who are married are more cautious.
• Safety first – Safe vehicles cost less to insure. Vehicles engineered for safety reduce injuries and lower rates of occupant injuries translates directly to fewer claims which can result in lower premiums.
• Do you really need to file that policy claims? – Companies provide cheaper rates to drivers who only file infrequent claims. If you are a frequent claim filer, you can expect either higher rates or even cancellation. Your car insurance is intended to be relied upon for the large, substantial claims.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage, there really is not a “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For instance, these questions could help you determine if your situation might need professional guidance.

• Am I covered when driving someone else’s vehicle?
• Should I drop comprehensive coverage on older vehicles?
• If my pet gets injured in an accident are they covered?
• Is motorclub coverage worth it?
• Do I need special endorsements for business use of my vehicle?
• Is my 2009 Honda Odyssey covered for flood damage?
• Can my teen driver be rated on a liability-only vehicle?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

The auto insurance bait and switch

Drivers can’t get away from all the ads that claim the lowest car insurance rates by Allstate and Progressive. They all seem to advertise claims about saving some big amount after switching your auto insurance coverage to their company.

How is it possible that every company can save you money? It’s all in the words they use.

Insurance providers have a preferred profile for the type of driver that will most likely be profitable. One example of a desirable risk may need to be a married female, has few claims, and insures a new vehicle. Someone who matches those parameters receive the lowest rate quotes and will most likely save a lot of money.

Potential insureds who do not fit this stringent profile may be forced to pay higher premium rates which translates to the customer not purchasing. If you listen closely, the ads state “drivers that switch” but not “all drivers who get quotes” can save as much as they claim. This is how insurance companies can claim big savings. Different companies use different criteria so you need to do a rate comparison at every renewal. It is impossible to guess the company that will be your best fit.

Parts of your insurance policy

Knowing the specifics of your insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types offered by insurance companies.

Collision protection

Collision insurance pays for damage to your Odyssey resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as scraping a guard rail, hitting a parking meter, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Honda Odyssey.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability

This coverage protects you from damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims like loss of income, legal defense fees, medical expenses, repair costs for stationary objects and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from getting keyed, fire damage, hitting a bird, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for immediate expenses such as rehabilitation expenses, X-ray expenses, pain medications, prosthetic devices and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Never pay more for less

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.

You just read a lot of ways to lower your 2009 Honda Odyssey insurance prices. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even discover the biggest savings come from a lesser-known regional company. Smaller companies can often provide lower rates in certain areas compared to the large companies like State Farm and Allstate.

To read more, link through to the resources below:

• Vehicle Size and Weight FAQ (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)