2005 Honda Odyssey Insurance Quotes – 8 Tips for Best Rates

Have you fallen victim to an overpriced insurance coverage policy? Trust us when we tell you many consumers feel financially strained by their insurance coverage policy.

Big companies like Geico, 21st Century and Progressive all claim big savings with ads and consumers find it hard to separate fact from fiction and find the best price available.

Consumers need to shop coverage around before your policy renews because prices are constantly changing. Just because you found the best deal on Odyssey coverage last year there may be better deals available now. There is a lot of wrong information about insurance coverage on the internet, so I’m going to show you some proven techniques to quit paying high insurance coverage rates.

Vehicle Insurance Comparison

There are several ways of comparing rates and find the best price. The simplest method to find the lowest 2005 Honda Odyssey rates involves getting comparison quotes online. This can be accomplished in just a few minutes using one of these methods.

  • The recommended way to compare a lot of rates at once is a comparison rater form click to view form in new window. This form eliminates the need for a different quote for each company you want a rate for. A single form gets rate comparisons from insurance companies with the best prices.
  • A more difficult way to get quotes online consists of visiting each individual company website to request a price quote. For example, we’ll pretend you want to compare rates from Progressive, Safeco and Travelers. You would have to go to every website and enter your policy data, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

  • The most time-consuming method to compare rates is to drive around to local insurance agencies. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the professional advice only provided by licensed agents. It is possible to get the lowest quotes online and still use a local agent and you’ll learn how to do that later.

It’s your choice how you get your quotes, but ensure you’re using the exact same coverage information for each price quote. If you have different limits and deductibles on each one it will be very difficult to make an equal comparison. Having just a slight variation in limits could mean much higher rates. And when comparison shopping, more quotes helps you find a lower rate.

More discounts equal less premium

Companies do not list all available discounts in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find savings tricks you should be using.

  • Good Student – This discount can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Defensive Driving Course – Taking part in a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
  • E-sign – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
  • Passive Restraint Discount – Cars that have air bags can receive discounts up to 30%.
  • Use Seat Belts – Drivers who require all occupants to buckle their seat belts can save 10% or more off your medical payments premium.
  • Claim Free – Drivers who don’t have accidents can earn big discounts compared to accident-prone drivers.
  • College Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.

Consumers should know that most of the big mark downs will not be given to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.

Car insurance companies who might offer these money-saving discounts include:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. All car insurance discounts might not be offered in every state.

It’s not one size fits all

When buying coverage for your personal vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions can aid in determining if you might need an agent’s assistance.

  • What should my uninsured motorist coverage limits be in my state?
  • Do I need an umbrella policy?
  • Should I buy full coverage?
  • When would I need additional glass coverage?
  • Am I covered when driving a rental car?
  • How much liability coverage do I need in my state?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Drivers who switch save $476 a year? Really?

Progressive, Allstate and Geico continually stream ads on television and other media. All the companies make an identical promise that you’ll save big after switching your coverage to them. How do they all say the same thing? It’s all in the numbers.

All the different companies have a preferred profile for the right customer that earns them a profit. For instance, a preferred risk might be profiled as between the ages of 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A propective insured who matches those parameters gets the lowest rates and is almost guaranteed to save when switching.

Potential customers who are not a match for the requirements will be quoted a more expensive rate and ends up with business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that much money. This is how companies can advertise the savings. This emphasizes why it’s extremely important to get as many comparisons as possible. It is impossible to predict which insurance coverage company will fit your personal profile best.

Parts of your insurance policy

Having a good grasp of your insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Collision coverage

Collision coverage will pay to fix damage to your Odyssey resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as backing into a parked car, crashing into a building, damaging your car on a curb and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, vandalism and hitting a bird. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability car insurance

Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and 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. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as bail bonds, medical expenses and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Honda Odyssey.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like EMT expenses, rehabilitation expenses and surgery. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Be a money saver!

Low-cost 2005 Honda Odyssey insurance is possible both online and with local insurance agents, and you need to comparison shop both to have the best selection. There are still a few companies who do not offer online quoting and many times these smaller companies only sell through independent insurance agents.

As you prepare to switch companies, never sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed collision coverage and learned later that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.

More detailed insurance information can be read by following these links: