How Much Does 2015 Honda Odyssey Car Insurance Cost?

Trying to find better auto insurance rates for your Honda Odyssey? Scraping up a payment for high-priced Honda Odyssey insurance can drain your family’s budget and put a big crunch on your finances. Comparing rate quotes is an excellent way to ensure you are getting the best deal.

Since you have so many different company options, it can be diffult for people to locate the most cost effective company.

Choosing the best insurance company for you is quite easy. If you have car insurance now, you should be able to save some money using this information. But consumers benefit from understanding the way insurance companies price insurance differently and use this information to your advantage.

How do insurance providers determine Honda Odyssey insurance premiums?

Lots of things are part of the equation when quoting car insurance. Some are obvious like a motor vehicle report, although some other factors are not as apparent such as your marital status or how financially stable you are.An important part of buying insurance is that you know the different types of things that are used to determine your premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower insurance prices.

The factors shown below are some of the things used by your company to calculate rates.

• Always have insurance – Letting your insurance expire can be a fast way to trigger a rate increase. And not only will insurance be more expensive, being ticketed for driving with no insurance can result in a license revocation or jail time.
• High policy claims frequency drives up rates – Car insurance companies award lower rates to drivers who file claims infrequently. If you file a lot of claims you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is designed for claims that you cannot pay yourself.
• See if your company offers a multi-policy discount – Some insurers will award a discount to buyers who consolidate policies with them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even if you already get this discount, you may still want to comparison shop to confirm you are receiving the best rates possible.There is a chance you can find better rates by insuring with multiple companies.
• Comp and collision deductibles are a factor – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Examples of covered claims are a broken side mirror, collision with an animal, and windstorm damage. Physical damage deductibles define how much you are required to pay before a claim is paid by your company. The larger the amount you’re willing to pay, the less your company will charge you for insurance for Odyssey coverage.
• High premiums for teen drivers – More experienced drivers are viewed as being more responsible, tend to file fewer claims and receive fewer citations.Inexperience drivers are proven to be more careless when driving and because of this, their insurance rates are much higher.

How to compare insurance coverage rate quotes

The are a couple different ways to compare quotes from different insurance companies. The best method to compare rates consists of obtaining rate quotes online. It’s really quite simple and can be done in a couple minutes as outlined below.

Probably the best way to get quotes for comparison is to use a rate comparison form (click to open form in new window). This quick form keeps you from doing separate quotation requests for every insurance coverage company. Just one form will get you rate comparisons from several companies.

A slightly less efficient method to find better pricing is going to the website of each company to complete their respective quote request forms. For examples sake, let’s assume you need rates from Liberty Mutual, Geico and Progressive. You would have to visit each site to enter the same coverage data repeatedly, which is why most consumers use the first method.

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

If you have time to kill, the last way to get rate quotes is to drive around to all the different insurance agencies. The fact that you can get quotes online makes this process obsolete unless you have a need for the professional advice of a local agent. However, consumers can compare the best prices online but still have the advice of a local agent.

It doesn’t matter which method you choose, just be sure to compare equivalent coverages on every price quote you get. If the quotes have different liability limits it will be next to impossible to make an equal comparison. Just a small difference in insurance coverages can result in a big premium difference. Keep in mind that comparing all the rates in your area helps increase your odds of locating a better price.

Double check you’re getting these discounts

Not too many consumers would say insurance is affordable, but there may be some discounts that can dramatically reduce your bill. A few discounts will automatically apply when you quote, but lesser-known reductions have to be asked about in order for you to get them.

• Anti-lock Brake System – Cars with anti-lock braking systems are much safer to drive so you can save 10 percent or more.
• No Charge for an Accident – Not necessarily a discount, but companies like Geico, Allstate and Liberty Mutual will let one accident slide without the usual rate increase if your claims history is clear for a set time period.
• Driver’s Ed – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in school.
• Life Insurance – Not all insurance companies offer life insurance, but some may give you a break if you buy life insurance from them.
• Low Mileage Discounts – Driving fewer miles could earn discounted prices on garaged vehicles.
• Memberships – Participating in specific professional or occupational memberships or organizations could trigger savings when getting a insurance quote.
• Claim-Free Discount – Drivers who stay claim-free can earn big discounts when compared to drivers with a long claim history.
• Good Student Discount – Being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.

Don’t be shocked that some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.

The best insurance companies and a summarized list of policyholder discounts are detailed below.

• State Farm has savings for Steer Clear safe driver discount, passive restraint, anti-theft, good driver, safe vehicle, defensive driving training, and Drive Safe & Save.
• Geico has discounts for five-year accident-free, multi-policy, anti-theft, military active duty, and membership and employees.
• Liberty Mutual includes discounts for teen driver discount, exclusive group savings, multi-car, good student, and new graduate.
• The Hartford may offer discounts for good student, driver training, air bag, defensive driver, anti-theft, bundle, and vehicle fuel type.
• MetLife offers premium reductions for multi-policy, claim-free, accident-free, defensive driver, and good student.
• Progressive may include discounts for online signing, good student, multi-vehicle, multi-policy, and homeowner.

It’s a good idea to ask each company which discounts you qualify for. Discounts may not be available in your area. If you would like to view insurance companies that can offer you the previously mentioned discounts, click this link.

Special considerations

When choosing the right insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions might help in determining whether or not you will benefit from professional help.

• Is a new car covered when I drive it off the dealer lot?
• Is rental equipment covered for theft or damage?
• What is the difference between comprehensive and collision coverage?
• Do I need PIP (personal injury protection) coverage in my state?
• Will my rates increase for filing one claim?
• Should I bundle my homeowners policy with my auto?
• Is my custom paint covered by insurance?
• Is business equipment covered while in my vehicle?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Auto insurance coverages

Knowing the specifics of insurance aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 Honda Odyssey.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a bird, rock chips in glass and a broken windshield. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for bills for EMT expenses, dental work and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability

This can cover damage that occurs to other people or property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims like repair bills for other people’s vehicles, pain and suffering, funeral expenses, loss of income and emergency aid. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Coverage for collisions

This coverage will pay to fix damage to your Odyssey resulting from colliding with an object or car. 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 sideswiping another vehicle, hitting a parking meter, colliding with another moving vehicle, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also raise the deductible to bring the cost down.

Get your money’s worth

Some companies do not provide rates over the internet and many times these regional carriers sell through independent insurance agencies. Cost effective 2015 Honda Odyssey insurance is possible from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.

We’ve covered a lot of information how to save on 2015 Honda Odyssey insurance. It’s most important to understand that the more times you quote, the better chance you’ll have of finding inexpensive insurance. Consumers may even find the best price on insurance coverage is with a smaller regional carrier. Smaller companies can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate and Progressive.

Even more information is located in the articles below:

• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• What Does No-Fault Insurance Cover? (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Tools for Teen Driving Safety (State Farm)