2006 Honda Odyssey Insurance Cost

Trying to find lower insurance coverage rates for your Honda Odyssey? Have you fallen victim to high-priced insurance coverage? Believe me, there are many people just like you. Because there are so many choices of insurance companies, it is very difficult to locate the right company.

It’s smart to shop coverage around yearly because prices are variable and change quite frequently. Despite the fact that you may have had the lowest rates on Odyssey coverage a couple years back a different company probably has better rates today. There is too much inaccurate information about insurance coverage on the internet, so with this article, you’re going to get a bunch of ideas how to put money back in your pocket.

Finding cheaper insurance coverage can be fairly easy. If you have insurance now or are shopping for new coverage, you will benefit by learning to find the best rates and still get good coverage. Drivers just need to know the most efficient way to buy insurance coverage on the web.

The easiest way to compare rate quotes is to know the fact almost all companies will pay a fee to compare rate quotes. The only thing you need to do is provide information including driver ages, if you require a SR-22, your education level, and how you use your vehicles. Your rating data is instantly submitted to insurance carriers in your area and they return rate quotes instantly.

Save money by taking advantage of these discounts

Insurance can cost an arm and a leg, but you may find discounts that you may not know about. Some discounts apply automatically at quote time, but a few must be asked for before you will receive the discount. If you don’t get every credit available, you’re paying more than you need to.

  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you will save at least 10% off all policies.
  • Early Signing – Some companies give discounts for signing up prior to your current policy expiration. This can save 10% or more.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy can get a discount on all vehicles.
  • Low Mileage – Keeping the miles down on your Honda could be rewarded with lower rates on the low mileage vehicles.
  • No Charge for an Accident – A handful of insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a set time period.
  • Safety Course Discount – Completing a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, you won’t be that lucky. Any qualifying discounts will reduce the amount you have to pay.

To see a list of companies with the best insurance discounts, follow this link.

When should I use an insurance agent?

When choosing the right insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that may help you determine if your situation would benefit from an agent’s advice.

  • Is my nanny covered when driving my vehicle?
  • What is roadside assistance coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I have coverage for damage caused while driving under the influence?
  • When should my teen driver be added to my policy?
  • Why am I required to buy high-risk coverage?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Lesser-known factors impacting Honda Odyssey insurance rates

It’s important that you understand the different types of things that help determine the price you pay for insurance coverage. When you know what positively or negatively influences your rates enables informed choices that can help you get lower insurance coverage prices.

  • Men are more aggressive – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. They both tend to get into accidents in similar numbers, but the male of the species cause more damage. Men also tend to have more aggressive citations like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and thus pay the highest rates.
  • Safer cars cost less to insure – Cars with high safety ratings tend to have better insurance rates. Safer cars have better occupant injury protection and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Honda Odyssey has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Poor credit can mean higher rates – A driver’s credit history is a big factor in determining your rates. If your credit is not that good, you could potentially save money when insuring your 2006 Honda Odyssey by spending a little time repairing your credit. Consumers who have good credit tend to be less risk to insure than those with lower credit scores.
  • Drive less and save money – The higher the mileage driven every year the more you will pay for insurance coverage. Almost all companies rate vehicles based on how the vehicle is used. Vehicles left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Odyssey may be wasting your money. Make sure your insurance coverage declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money.
  • Don’t skimp on liability – Liability coverage is the protection if you are found liable for damages from an accident. Liability provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
  • Occupation reflects on rates – Did you know your insurance coverage rates can be affected by your occupation? Jobs such as lawyers, executives and financial analysts tend to pay higher average rates in part from high stress and lots of time spent at work. Conversely, professions such as actors, engineers and homemakers have the lowest average rates on Odyssey coverage.

Auto insurance specifics

Knowing the specifics of auto insurance can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2006 Honda Odyssey.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Liability insurance

Liability insurance can cover damage or injury you incur to other’s property or people. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like repair costs for stationary objects, bail bonds and funeral expenses. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Coverage for collisions

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

Collision coverage protects against claims like sideswiping another vehicle, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like prosthetic devices, ambulance fees, chiropractic care, rehabilitation expenses and hospital visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, damage from getting keyed, fire damage and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Online plus local equals savings

Low-cost 2006 Honda Odyssey insurance is definitely available online in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance coverage companies do not provide online price quotes and these regional insurance providers work with independent agents.

We covered a lot of techniques to save on insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. Consumers may even find the best price on insurance coverage is with a smaller regional carrier. Regional companies may only write in your state and offer lower rates than their larger competitors like State Farm, Geico and Nationwide.

When trying to cut insurance costs, never buy lower coverage limits just to save a few bucks. In too many instances, an insured cut full coverage only to regret that they should have had better coverage. Your goal should be to purchase plenty of coverage at the best price, not the least amount of coverage.

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