Lower Your 2018 Honda Odyssey Insurance Rates

Are you drained from scraping nickels together to pay high car insurance rates every month? You have the same problem as millions of other people.

You have so many insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, lots of choices makes it harder to find a good deal.

Consumers need to check car insurance prices once or twice a year because car insurance prices are variable and change quite frequently. Despite the fact that you may have had the lowest quotes on Odyssey coverage six months ago other companies may now be cheaper. Forget all the misinformation about car insurance because you’re about to learn the only way to reduce your cost while improving coverage.

Finding affordable insurance coverage can be fairly easy. Just about anyone who is required by state law to have insurance coverage will most likely be able to reduce their rates. But car owners should learn how the larger insurance companies sell insurance online and take advantage of how the system works.

Which insurance coverage is cheapest?

When comparison shopping, there are several ways to compare rate quotes from local insurance coverage companies. The easiest way by far to find the lowest 2018 Honda Odyssey rates is to get quotes online. This is very easy and can be done in several different ways.

  1. The fastest way to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This type of form saves time by eliminating separate quotation requests for every insurance coverage company. Just one form gets you coverage quotes instantly.
  2. A more difficult way to find better pricing consists of visiting the website for every company you want to comare and request a quote. For instance, let’s say you want to compare rates from State Farm, Safeco and Progressive. You would need to take the time to go to each site and punch in your information repeatedly, which explains why we recommend starting with the first method. For a list of links to companies insuring cars in your area, click here.
  3. The most difficult way to comparison shop is to spend time driving to insurance agencies in your area. Comparing rates online reduces the need to sit down with an agent unless you prefer the trained guidance of a local agency. You can, however, get prices online and still use a local agent.

It’s your choice how you get your quotes, but be sure to compare equivalent coverage information for each price quote. If the quotes have mixed coverages it will be very difficult to find the best deal for your Honda Odyssey. Quoting even small variations in coverages may cause a big price difference. Just keep in mind that getting more free quotes increases the change that you will find more affordable insurance. Some smaller insurers to not give rate quotes online, so it’s important to compare rates from them, too.

Cheaper auto insurance quotes with discounts

Companies offering auto insurance don’t always advertise all their discounts very clearly, so we researched a few of the more common and the more hidden savings tricks you should be using when you buy auto insurance online.

  • First Accident Forgiveness – This one is not really a discount per se, but some insurance companies permit an accident before hitting you with a surcharge with the catch being you have to be claim-free prior to the accident.
  • Discounts for Safe Drivers – Drivers without accidents can save as much as half off their rates on Odyssey coverage than less cautious drivers.
  • E-sign – A handful of auto insurance companies give back up to $50 simply for signing online.
  • Membership in Organizations – Participating in qualifying employment or professional organizations could qualify you for a break when shopping for auto insurance.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can get savings of 20 to 30 percent.
  • Anti-lock Brake Discount – Cars and trucks that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.

Keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, it’s just not the way it works. Any qualifying discounts should help lower the premium cost.

To see a list of providers that have a full spectrum of discounts, click this link.

Tailor your auto insurance coverage to you

When buying the best auto insurance coverage, there isn’t really a one size fits all plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover whether your personal situation may require specific advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What is UM/UIM insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my car insurance cover rental cars?
  • Am I covered when delivering products for my home-based business?
  • Do all my vehicles need collision coverage?
  • When would I need rental car insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Smart buyers can reduce insurance rates

The best way to find cheaper car insurance is to take a look at a few of the rating criteria that aid in calculating your premiums. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that can earn you much lower annual insurance costs.

  • Safer cars cost less to insure – Cars with high safety ratings get lower rates. The safest vehicles reduce the chance of injuries and lower rates of occupant injuries translates directly to fewer claims which can mean better rates for you.
  • Minor frequent insurance claims are not good – Companies give lower rates to insureds who are not frequent claim filers. If you frequently file small claims, you can look forward to increased rates or even have your policy non-renewed. Auto insurance is meant to be used in the event of claims that pose a financial burden.
  • Your vocation may affect prices – Do you have a high-stress occupation? Occupations such as fire fighters, executives and accountants have higher premium rates attributed to job stress and lengthy work days. On the flip side, careers like actors, historians and retirees pay lower than average rates on Odyssey coverage.
  • Marriage can lower premiums – Getting married can get you a discount compared to being single. It usually means you are more mature and insurance companies reward insureds because drivers who are married are more cautious.

But they said I’d save $402 a year!

Car insurance companies such as Progressive, Geico, Allstate and State Farm continually stream ads on television and other media. They all make the same claim about how much you will save just by switching your car insurance coverage to their company. That’s great but how can every company offer drivers better rates? It’s all in the wording.

Different companies look for specific characteristics for the type of insured that earns them a profit. One example of a desirable risk could be a mature driver, is a homeowner, and insures a new vehicle. Someone who meets those qualifications will get low prices and will probably save some money.

Potential insureds who fall short of the ideal profile may receive higher premiums with the end result being the customer buying from a different company. If you listen closely, the ads state “drivers who switch” not “everybody who quotes” save that much money. That is how insurance companies can advertise the way they do.

That is why you should compare many company’s rates. Because without a comparison, you cannot know which car insurance company will be your best fit.

Coverage specifics

Learning about specific coverages of insurance can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from insurance companies.

Collision coverages – This coverage will pay to fix damage to your Odyssey from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, hitting a mailbox, driving through your garage door, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Liability insurance – Liability insurance can cover damages or injuries you inflict on people or other property. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

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 that means you have $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. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like funeral expenses, attorney fees, repair costs for stationary objects, loss of income and bail bonds. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Medical costs insurance – Med pay and PIP coverage provide coverage for short-term medical expenses for nursing services, pain medications, EMT expenses and funeral costs. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers 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

UM/UIM Coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Honda Odyssey.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, a tree branch falling on your vehicle and hail damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Saving money is sweet as honey

Cheaper 2018 Honda Odyssey insurance is available on the web and from local agencies, so you need to shop auto insurance with both to have the best chance of lowering rates. A few companies may not have online price quotes and these smaller companies only sell through independent agents.

We just covered a lot of ways to compare 2018 Honda Odyssey insurance car insurance rates online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheap auto insurance. Consumers may even find the lowest car insurance rates are with a company that doesn’t do a lot of advertising. They often have lower premium rates on specific markets compared to the large companies like State Farm, Geico and Nationwide.

As you restructure your insurance plan, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped collision coverage only to find out that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

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