1998 Honda Odyssey Insurance Cost

Perplexed by the wide range of insurance companies? Lot’s of other consumers are too. People have so many options available that it can quickly become more work than you anticipated to find lower rates.

Buying car insurance is not that difficult. If you currently have car insurance, you will be able to reduce your rates substantially using this information. But vehicle owners do need to learn how companies sell insurance online and use this information to your advantage.

Lots of discounts mean lots of savings

Companies don’t always list all their discounts in an easy-to-find place, so we break down both the well known and the more hidden discounts you could be receiving.

  • No Accidents – Drivers who don’t have accidents can save substantially as compared to frequent claim filers.
  • Accident Waiver – A few companies allow you one accident without raising rates if your claims history is clear prior to the accident.
  • Multiple Vehicles – Having multiple vehicles on one policy can get a discount on all vehicles.
  • Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off for Odyssey insurance with select insurance companies.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
  • Anti-theft Discount – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Save over 55 – Older drivers may be able to get a discount up to 10% for Odyssey insurance.
  • E-sign – A few companies will give a small break for buying your policy on their website.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, companies don’t profit that way.

For a list of providers offering insurance coverage discounts, click here to view.

Situations that might require an agent

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Every situation is different.

Here are some questions about coverages that might point out whether your personal situation may require specific advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I carry comprehensive and collision coverage?
  • Is rental equipment covered for theft or damage?
  • Why is insurance for a teen driver so high?
  • Does my personal policy cover me when driving out-of-state?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Does coverage extend to a rental car in a foreign country?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form.

Detailed coverages of your auto insurance policy

Having a good grasp of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for bills like surgery, pain medications, dental work, funeral costs and ambulance fees. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Liability auto insurance – This coverage provides protection from injuries or damage you cause to other’s property or people. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims such as medical services, attorney fees, structural damage and pain and suffering. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Honda Odyssey.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

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

Comprehensive can pay for claims such as rock chips in glass, vandalism, hail damage and theft. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages – Collision insurance covers damage to your Odyssey caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, hitting a parking meter, hitting a mailbox, scraping a guard rail and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Make an honest buck

You just learned a lot of tips how to compare 1998 Honda Odyssey insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. You may even find the biggest savings come from a lesser-known regional company.

While you’re price shopping online, you should never reduce needed coverages to save money. In many instances, consumers will sacrifice liability limits or collision coverage to discover at claim time that it was a big mistake. The proper strategy is to purchase plenty of coverage for the lowest price while still protecting your assets.

Consumers change insurance companies for any number of reasons including policy non-renewal, an unsatisfactory settlement offer, questionable increases in premium or even high rates after DUI convictions. It doesn’t matter why you want to switch finding the right auto insurance provider is less work than it seems.

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