2001 Honda Odyssey Insurance Quotes

If you’re looking for more affordable insurance online, are you confused by the wide range of car insurance companies that you can choose from? You have so many choices that it can easily turn into a challenge to find the lowest price.

Smart consumers take time to price shop coverage before your next renewal because car insurance rates fluctuate regularly. Even if you think you had the best premium rates for Odyssey coverage at your last renewal you will most likely find a better price today. Forget all the misinformation about car insurance because it’s time to teach you the proper way to lower your annual insurance bill.

Discounts for cheaper insurance coverage quotes

Car insurance can cost a lot, but you might already qualify for some discounts to help bring down the price. Some trigger automatically at the time of quoting, but once in a while a discount must be manually applied in order for you to get them.

  • Senior Discount – Seniors may be able to get better insurance coverage rates for Odyssey coverage.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.
  • Early Renewal Discounts – A few larger companies allow discounts for switching companies before your current expiration date. It’s a savings of about 10%.
  • Save with More Vehicles Insured – Having more than one vehicle on a single policy could earn a price break for each car.
  • Drive Less and Save – Low mileage vehicles may enable drivers to earn lower insurance coveragerates on the low mileage vehicles.
  • No Claims – Drivers with accident-free driving histories pay much less when compared with drivers with a long claim history.

A little disclaimer on discounts, most credits do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, you aren’t that lucky.

If you would like to see a list of insurers with discount rates, click this link.

The easiest way to compare car insurance company rates is to take advantage of the fact most larger insurance companies participate in online systems to provide you with free rate quotes. To get started, all you need to do is give the companies some data including what your job is, if you have an active license, how much education you have, and any included safety features. That rating data gets sent immediately to many highly-rated insurers and you should receive rate quotes with very little delay.

To find lower rates now, click here and find out if you can get cheaper insurance.

How your Odyssey insurance prices are determined

One of the most helpful ways to save on insurance is to to have a grasp of the factors that go into determining the rates you pay for insurance. If you know what determines premiums, this helps enable you to make changes that may result in much lower annual insurance costs. Multiple criteria are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as traffic violations, although others are more transparent like where you live or your commute time.

Shown below are some of the major factors used by companies to determine premiums.

  • Occupation stress can affect prices – Do you work in a high-stress field? Occupations such as military generals, social workers and stock brokers tend to pay higher average rates due to stressful work requirements and incredibly demanding work hours. On the flip side, occupations like scientists, athletes and homemakers generally pay rates lower than average for Odyssey coverage.
  • Having a spouse is a bonus – Having a significant other can actually save you money on your policy. Marriage translates into being more mature than a single person and statistics prove married drivers tend to file fewer claims.
  • Remove unneeded extra policy coverages – Insurance companies have many extra coverages that sound like a good idea at the time if you don’t pay attention. Coverages like roadside assistance, accidental death, and extra life insurance coverage are examples of these. You may think they are a good idea when talking to your agent, but if you don’t need them consider taking them off your policy.
  • How many coverages with the same company – Lots of insurers apply discounts to customers that buy multiple policies, otherwise known as a multi-policy discount. Even if you’re getting this discount drivers will still want to compare rates to confirm you are receiving the best rates possible. It’s possible to still save even more by buying from different companies
  • Liability coverage is important – The liability coverage on your policy kicks in when you are responsible for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense which can be incredibly expensive. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.
  • Does insurance cost less for women? – Statistics show that females take fewer risks when driving. However, don’t assume that females are better at driving than males. They both are in accidents at about the same rate, but the males cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations like driving under the influence (DUI). Teenage male drivers cause the most accidents and therefore have the most expensive insurance rates.
  • Low credit rating equals high rates – Your credit score is a big factor in your rate calculation. Insureds with very high credit ratings tend to file fewer claims than drivers who have lower credit ratings. If your credit score can use some improvement, you could save money insuring your 2001 Honda Odyssey by taking the time to improve your credit score.
  • Filing claims can cost you more – If you frequently file small claims, you can look forward to higher premiums or even policy non-renewal. Car insurance companies give lower rates to drivers who do not file claims often. Auto insurance is intended to be relied upon for more catestrophic claims.

You may need specialized insurance coverage

When buying adequate coverage, there is no best way to insure your cars. Every insured’s situation is different.

For instance, these questions might point out if your situation could use an agent’s help.

  • Are rock chip repairs covered?
  • Why does it cost so much to insure a teen driver?
  • What is the minimum liability in my state?
  • Does liability extend to a camper or trailer?
  • Exactly who is provided coverage by my policy?
  • Am I insured when driving a different vehicle?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Do you really save 40% when you switch?

Respected companies like Allstate and Progressive continually stream television, radio, and online ads. They all seem to make the same claim about how much you will save if you change your coverage. It sounds good, but how can they all charge lower premium rates? It’s all in how they say it.

Insurance companies look for specific characteristics for the type of insured that will not have excessive claims. For example, a profitable customer might be described as over the age of 45, owns a home, and drives a safe vehicle. Any person who matches those parameters will qualify for the lowest premium rates and therefore will cut their rates if they switch.

Potential customers who do not match those standards will see a more expensive rate and this can result in the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why companies can make it sound like they have such great rates.

This really emphasizes why you absolutely need to do a price quote comparison at every renewal. It is just not possible to predict with any certainty which company will have the lowest prices for your situation.

Auto insurance coverage breakdown

Knowing the specifics of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage 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. This is the reason having UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like hospital visits, nursing services, X-ray expenses and chiropractic care. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision protection

This pays for damage to your Odyssey caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as rolling your car, driving through your garage door, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Comprehensive auto coverage

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a deer, theft, rock chips in glass, vandalism and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability car insurance

Liability coverage will cover injuries or damage you cause to other people or property in an accident. It protects YOU from legal claims by others, and does not provide coverage for 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 policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims like attorney fees, funeral expenses and pain and suffering. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Shop smart and save

In this article, we covered a lot of ways to save on 2001 Honda Odyssey insurance. The key thing to remember is the more companies you get car insurance rates for, the better likelihood of getting low cost auto insurance. Drivers may discover the lowest priced auto insurance comes from a smaller regional carrier.

People switch companies for any number of reasons including extreme rates for teen drivers, unfair underwriting practices, policy cancellation or not issuing a premium refund. No matter why you want to switch, finding a new auto insurance company can be easier than you think.

Discount 2001 Honda Odyssey insurance can be bought online and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers don’t offer the ability to get quotes online and most of the time these regional insurance providers work with local independent agents.

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