Lower Your 2015 Honda Odyssey Insurance Rates

Are you tired of robbing Peter to pay Paul to pay your car insurance bill each month? Your situation is no different than many other drivers. Having so many insurance companies to choose from, it can be diffult for consumers to find the most cost effective company.

It’s important to price shop coverage every six months since rates are variable and change quite frequently. Even if you got the best deal for Odyssey insurance two years ago there may be better deals available now. So just forget all the misinformation about insurance because you’re going to get a crash course in how to quote online to find better rates and still maintain coverage.

Cut prices on Honda Odyssey insurance

Companies offering auto insurance don’t list every discount very well, so the following is a list of both well-publicized as well as the least known ways to save on insurance. If you don’t get every credit available, you’re just leaving money on the table.

  • Memberships – Belonging to a civic or occupational organization may earn a discount when shopping for insurance for Odyssey insurance.
  • Student in College – Children who live away from home and don’t have a car can be insured at a reduced rate.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out life insurance.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company qualifies for this discount.
  • Own a Home – Being a homeowner may trigger a insurance policy discount because owning a home shows financial diligence.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.
  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags can receive discounts of 20% or more.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like you can get free auto insurance, you won’t be that lucky.

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

It’s a good idea to ask every prospective company which discounts they offer. Some discounts may not be available everywhere.

Tailor your coverage to you

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions might point out if your situation would benefit from an agent’s advice.

  • Do I have coverage when using my vehicle for my home business?
  • Do I need more liability coverage?
  • What is the minimum liability in my state?
  • Can I drive in Mexico and have coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I drop comprehensive coverage on older vehicles?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Car insurance ads bend the truth

Consumers can’t get away from ads for the lowest price auto insurance from companies such as Progressive, Geico, Allstate and State Farm. All the companies make an identical promise of big savings after switching your policy.

How does each company make almost identical claims? This is how they do it.

Different companies are able to cherry pick for the type of driver that earns them a profit. For instance, a preferred risk might be between the ages of 30 and 50, has no prior claims, and has great credit. Any driver who meets those qualifications will get very good rates and is almost guaranteed to save when switching.

Drivers who do not match these standards will be quoted higher prices and this can result in the customer not buying. The ads say “drivers who switch” not “everybody who quotes” save that much. That’s the way companies can truthfully make those claims. This emphasizes why it is so important to get quotes from several different companies. Because you never know which insurance companies will provide you with the cheapest Honda Odyssey insurance rates.

Car insurance coverage breakdown

Understanding the coverages of your car insurance policy can be of help when determining appropriate coverage for your vehicles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from car insurance companies.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Liability insurance

Liability insurance protects you from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers claims such as repair costs for stationary objects, legal defense fees, funeral expenses, bail bonds and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like prosthetic devices, rehabilitation expenses and ambulance fees. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from getting keyed, a tree branch falling on your vehicle, theft, rock chips in glass and hitting a bird. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Make a quick buck

Cheap 2015 Honda Odyssey insurance can be found both online and with local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed collision coverage to discover at claim time that the small savings ended up costing them much more. Your focus should be to buy enough coverage for the lowest price.

We’ve covered a lot of information how to lower your insurance rates. The key thing to remember is the more you quote, the better likelihood of reducing your rate. You may even find the best prices are with a small mutual company. They can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.

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