How Much Does 2008 Honda Odyssey Insurance Cost?

Trying to find lower insurance coverage rates for your Honda Odyssey? Wish you could get out of an underperforming, overpriced insurance coverage policy? You’re in good company because many drivers have buyer’s remorse.

Companies like GEICO and Progressive increase brand awareness with TV and radio ads and consumers find it hard to see past the corporate glitz and do the work needed to find the best deal.

Discounts for affordable insurance rates

Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that many people don’t even know exist. A few discounts will be applied when you quote, but some discounts are required to be asked for before you get the savings.

  • Pay Early and Save – If you can afford to pay the entire bill instead of making monthly payments you may reduce your total bill.
  • Discount for Multiple Policies – If you combine your auto and homeowners policies and insure them both with the same insurance company you could save 10% to 20% off each policy.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in high school.
  • New Car Discount – Putting insurance coverage on a new car can be considerably cheaper since new model year vehicles have better safety ratings.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase a life policy as well.
  • Low Miles Discount – Low annual miles could be rewarded with lower premium rates on the low mileage vehicles.
  • No Claim Discounts – Good drivers with no accidents can earn big discounts as compared to bad drivers.
  • Onboard Data Collection – Insureds who allow their insurance company to analyze driving habits by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they exhibit good driving behavior.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents so companies give up to a 10% discount.
  • Renewal Discounts – Select companies give a discount for renewing your policy before your current expiration date. It could save around 10% when you buy insurance online.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Some only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, that’s just not realistic.

Some of the larger companies that may offer policyholders these money-saving discounts include:

Before buying, ask all the companies how many discounts you can get. Depending on the company, some discounts may not apply everywhere. To choose companies that have a full spectrum of discounts, click here.

You may need specialized car insurance coverage

When it comes to choosing proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out if your situation may require specific advice.

  • If I drive on a suspended license am I covered?
  • If my 2008 Honda Odyssey is totaled, can I afford another vehicle?
  • Am I covered if I wreck a rental car?
  • When should I not file a claim?
  • Does my liability insurance cover pulling a trailer or camper?
  • Can my teen drive my company car?
  • Exactly who is provided coverage by my policy?
  • Is my state a no-fault state?
  • Should I drop comprehensive coverage on older vehicles?
  • Do all my vehicles need collision coverage?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

Save $441 a year! What?

Big name companies like State Farm and Allstate seem to constantly run television, radio, and online ads. All the companies advertise claims that drivers will save a bundle if you change to their company. How is it possible that every company can give you a lower rate?

Insurance providers have specific criteria for a prospective insured that earns them the highest profit. One example of this type of insured may need to be between the ages of 30 and 50, has never had a claim, and has great credit. A customer who matches that profile receives the best premium rates and will also cut their rates substantially.

Insureds who don’t qualify for these criteria will see a more expensive rate with the end result being the customer not purchasing. The trick companies use is to say “drivers that switch” not “everyone that quotes” save that much. This is how companies can truthfully make it sound like they have such great premium rates. This really emphasizes why you really should get insurance quotes from several different companies. It’s impossible to know which company will have the lowest auto insurance rates for your situation.

Specifics of your car insurance policy

Learning about specific coverages of your policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types offered by car insurance companies.

Liability auto insurance – This coverage will cover damage or injury you incur to other’s property or people in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for things like loss of income, legal defense fees and funeral expenses. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Comprehensive car insurance – This coverage covers 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 claims like hail damage, vandalism, damage from getting keyed, rock chips in glass and a broken windshield. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers – This coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your 2008 Honda Odyssey.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

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

Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for immediate expenses such as X-ray expenses, surgery, pain medications and EMT expenses. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Don’t break the bank

We covered some good ideas how you can compare 2008 Honda Odyssey insurance rates online. The key thing to remember is the more you quote insurance, the better your chances of lowering your car insurance rates. You may even discover the lowest rates are with some of the smallest insurance companies. These smaller insurers often have lower car insurance rates on specific markets compared to the large companies like State Farm and Allstate.

Some insurance coverage companies do not offer online quoting and most of the time these regional insurance providers only sell through local independent agencies. Budget-friendly insurance coverage is definitely available both online and also from your neighborhood agents, so you should compare both to have the best selection.

As you prepare to switch companies, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, drivers have reduced full coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to buy the best coverage you can find at the best price, not the least amount of coverage.

For more information, feel free to browse the resources below: