Cheap 2003 Honda Odyssey Insurance Rates

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Since consumers have many online and local companies to choose from, it’s difficult to choose the right company.

Cut your premium with discounts

The price of auto insurance can be rather high, but there are discounts available to reduce the price significantly. Most are applied when you quote, but some must be specially asked for before being credited. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Accident Waiver – A few companies will forgive one accident without raising rates if you are claim-free for a particular time prior to the accident.
  • Multiple Policy Discount – If you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Passive Restraints – Cars that have air bags or motorized seat belts may earn rate discounts of 20% or more.
  • Save with a New Car – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut individual premiums such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will help reduce your overall premium however.

To see a list of insurers offering auto insurance discounts, click here.

Compare the Market for Insurance Coverage

Effectively comparing insurance coverage prices is a ton of work if you don’t know the most efficient way to do it. You can waste hours driving to insurance agencies in your area, or you could use online quotes to achieve your goal.

Many of the larger companies belong to a marketplace where prospective buyers submit one quote, and each participating company can provide price quotes determined by their information. This system prevents you from having to do quote requests for each company.

To compare 2003 Honda Odyssey rates now click here (opens in new window).

One minor caviat to doing it this way is you are unable to specify which providers you want to price. So if you want to select from a list of companies to compare prices, we have a page of companies who write insurance coverage in your area. Click here to view list.

It’s up to you which method you use, but ensure you are comparing identical information with every price quote. If you compare different limits and deductibles on each one it will be next to impossible to determine the best price for your Honda Odyssey.

What is the best insurance coverage?

When buying adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions might help in determining if your situation will benefit from professional help.

  • Is my dog or cat covered if injured in an accident?
  • Should I bundle my homeowners policy with my auto?
  • Does my policy cover me when driving someone else’s vehicle?
  • I don’t drive much so do I pay less?
  • Do I really need UM/UIM coverage?
  • Do I need higher collision deductibles?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What is an SR-22 filing?
  • When should I drop full coverage on my 2003 Honda Odyssey?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverages explained

Understanding the coverages of your insurance policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.

Collision coverage

This will pay to fix damage to your Odyssey caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, colliding with a tree, sideswiping another vehicle, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Honda Odyssey.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, a broken windshield and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability insurance

This protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like medical services, court costs and legal defense fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses for prosthetic devices, chiropractic care and EMT expenses. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

You can do this!

As you shop your coverage around, it’s very important that you do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. Your goal should be to purchase plenty of coverage for the lowest price.

You just read quite a bit of information on how to shop for 2003 Honda Odyssey insurance online. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with the smaller companies. These companies often have lower prices on specific markets than their larger competitors like Allstate, Geico and Progressive.

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