Lower Your 2009 Honda Odyssey Insurance Cost

Searching for better insurance prices for a new or used Honda Odyssey can normally be a lot of work, but you can use these tips to find lower rates.

There is a better way to compare auto insurance rates so we’re going to tell you the absolute fastest way to get price quotes for a Honda and locate the cheapest rates from local insurance agents and online providers.

Quick Car Insurance Quotes

Finding a lower price on 2009 Honda Odyssey insurance is not a difficult process. You just have to invest a few minutes to compare quotes online from several insurance companies. This is very easy and can be done in a couple of different ways.

One of the best ways consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This method eliminates the need for separate quotation requests for every car insurance company. One form submission gets you price quotes from multiple low-cost companies. This is perfect if you don’t have a lot of time.

A slightly less efficient method to find lower rates consists of visiting the website for every company you want to comare to request a price quote. For sake of this example, let’s assume you want comparison quotes from Geico, State Farm and American Family. To get each rate you have to go to every website and enter your policy data, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but double check that you are using apples-to-apples coverage information on every quote. If you are comparing different deductibles you can’t possibly determine the best price for your Honda Odyssey.

Save $437 a year? Really?

Drivers can’t get away from ads for the lowest price auto insurance from companies such as State Farm, Allstate and Geico. All the companies have a common claim about savings after switching your policy.

But how can every company say the same thing? This is how they do it.

All the different companies are able to cherry pick for the driver that is profitable for them. An example of a profitable customer could possibly be between 25 and 40, is a homeowner, and drives less than 10,000 miles a year. Any new insured who matches those parameters gets the lowest rates and as a result will probably save when they switch companies.

Potential customers who don’t qualify for the “perfect” profile will have to pay higher prices which usually ends up with business not being written. The ads say “customers who switch” not “people who quote” save that much money. This is how companies can truthfully advertise the savings.

Because of the profiling, it’s extremely important to quote coverage with many companies. It is impossible to predict which auto insurance company will have the lowest Honda Odyssey insurance rates.

Honda Odyssey rates are complex

It’s important that you understand some of the elements that go into determining insurance coverage rates. Understanding what impacts premium levels empowers consumers to make smart changes that may reward you with better insurance coverage rates.

  • High numbers of claims are not good – Auto insurance companies award better rates to people who are claim-free. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Lower rates come with age – Teen drivers tend to be careless and easily distracted in a vehicle so insurance coverage rates are higher. Mature drivers are more cautious drivers, file fewer claims and tend to be better behind the wheel.
  • Adjust deductibles and save – Physical damage deductibles define the amount you are required to spend before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The more money you have to pay, the less your insurance coverage will be for Odyssey coverage.
  • Multiple policies with one company can save – Most insurers provide better rates to people who carry more than one policy. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, you still need to compare other company rates to verify if the discount is saving money. You may still be able to find a better deal by buying insurance coverage from a different company.
  • Tickets mean higher rates – Even one ticket may increase your cost by as much as thirty percent. Drivers with clean records receive lower rates than people who have multiple driving citations. If you have severe violations such as hit and run, DWI or reckless driving convictions may find they need to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
  • Never let your coverage lapse – Having an insurance coverage lapse is a fast way to pay more for insurance coverage. Not only will rates go up, but being ticketed for driving with no insurance will get you a license revocation or jail time.
  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores are cheaper to insure. Safer cars reduce injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Honda Odyssey has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Optional equipment can affect rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.

Discounts mean cheaper 2009 Honda Odyssey insurance rates

Insurance can be prohibitively expensive, but there are discounts available that many people don’t even know exist. Most are applied when you get a quote, but a few need to be requested specifically before being credited. If you don’t get every credit possible, you’re just leaving money on the table.

  • E-sign – Some insurance companies may give you up to $50 for buying a policy and signing up on their website.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you could get a discount of 10% to 20% off each policy.
  • Driver Safety – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for Odyssey coverage with certain companies.
  • New Car Discount – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you can actually save on your bill.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.

It’s important to understand that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. So when it seems like you could get a free insurance coverage policy, you won’t be that lucky. But any discount will bring down the cost of coverage.

Insurance companies that may offer these benefits include:

Before buying, ask all companies you are considering which discounts you may be entitled to. Discounts may not apply in every state.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different.

For example, these questions might point out if your insurance needs may require specific advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need medical payments coverage since I have good health insurance?
  • What vehicles should carry emergency assistance coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • Am I insured when driving a different vehicle?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Coverage specifics

Learning about specific coverages of insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage will pay to fix 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 things like hitting a bird, damage from getting keyed, a tree branch falling on your vehicle, falling objects and rock chips in glass. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability insurance

This coverage will cover injuries or damage you cause to a person or their property. It protects you against claims from other people, and doesn’t 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. You commonly see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as bail bonds, legal defense fees and structural damage. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Usually these coverages are identical to your policy’s liability coverage.

Collision insurance

Collision insurance covers damage to your Odyssey resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a building, sideswiping another vehicle, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for bills for ambulance fees, surgery, chiropractic care and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Buy Smart and Save

People leave their current company for a variety of reasons including high rates after DUI convictions, poor customer service, delays in responding to claim requests and policy non-renewal. It doesn’t matter what your reason, switching companies is actually quite simple.

In this article, we presented many ideas to compare 2009 Honda Odyssey insurance prices online. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. You may even find the lowest priced car insurance comes from the least-expected company.

Cheaper insurance can be found both online in addition to many insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and these small, regional companies work with independent agents.

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