How Much Does 2012 Honda Odyssey Insurance Cost?

Searching for lower insurance rates for your Honda Odyssey? Perplexed by the wide range of insurance company choices? Lot’s of other consumers are too. There are so many choices that it can turn into a real hassle to compare prices.

It is always a good idea to get comparison quotes before your policy renews since insurance rates change regularly. Despite the fact that you may have had the best price for Odyssey insurance on your last policy you can probably find a better price now. Block out anything you think you know about insurance because you’re about to learn the fastest way to reduce your cost while improving coverage.

How to Lower Your Insurance Coverage Cost

Effectively comparing insurance coverage prices can be challenging if you aren’t aware of the most efficient way to do it. You can waste a few hours (or days) talking about coverages with insurance agencies in your area, or you could use online quotes to get rate comparisons in just a few minutes.

Most major companies participate in an industry program where insurance shoppers submit one quote, and each company returns a competitive quote determined by their information. This prevents consumers from doing quotation requests to every company. To submit your quote information now, click here to start a free quote.

One minor caviat to getting quotes like this is buyers cannot specifically choose the insurers you want to price. If you would rather choose specific insurance companies to compare prices, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just compare the exact same information with every price quote. If your comparisons have different values for each quote then you won’t be able to determine which rate is truly the best. Slightly different insurance coverages may result in a large different in cost. And when comparison shopping, comparing more company’s prices will improve the odds of getting the best offered rates.

Take discounts and save

Auto insurance companies don’t always advertise all available discounts in a way that’s easy to find, so we took the time to find some of the best known and also the lesser-known discounts you could be receiving.

  • Early Switch Discount – Select companies give a discount for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Accident Waiver – A handful of insurance companies allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • No Accidents – Good drivers with no accidents pay much less when compared to accident-prone drivers.
  • Save with a New Car – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and earn discounts up to 10%.
  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company may reduce the rate for each vehicle.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.

It’s important to understand that some of the credits will not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

Insurance companies who might offer these benefits include:

Check with every prospective company which discounts they offer. Savings might not apply in your area.

Which policy gives me the best coverage?

When it comes to buying the best car insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that could help you determine if you might need professional guidance.

  • What if I total my 2012 Honda Odyssey and owe more than it’s worth?
  • When can I cancel my policy?
  • Are there companies who specialize in insuring high-risk drivers?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have any recourse if my insurance company denies a claim?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I insured when driving a different vehicle?
  • Should I have a commercial auto policy?
  • Do I have coverage for damage caused while driving under the influence?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form.

The coverage is in the details

Knowing the specifics of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision insurance

Collision coverage covers damage to your Odyssey from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as hitting a parking meter, rolling your car, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Coverage for liability

Liability coverage can cover damage or injury you incur to other people or property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like legal defense fees, loss of income, court costs, pain and suffering and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Honda Odyssey.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, rock chips in glass and a broken windshield. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like nursing services, EMT expenses, surgery and chiropractic care. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage