2016 Honda Odyssey Insurance Quotes

Trying to find better insurance coverage rates for your Honda Odyssey? Pricey insurance coverage can bottom out your savings and put the squeeze on your family’s finances.

There are many insurers to choose from, and even though it’s nice to have a choice, having more auto insurance companies makes it harder to get the best deal.

Finding the best rates is quite easy. Basically, everyone who is shopping for insurance should be able to find lower rates. Although consumers can benefit from knowing how companies determine prices because it can help you find the best coverage.

Lower rates by qualifying for discounts

Some insurers do not list all possible discounts in a way that’s easy to find, so the next list breaks down some of the best known as well as the least known credits that you can use to lower your rates.

  • Discounts for New Vehicles – Buying insurance coverage on a new vehicle can cost up to 25% less because newer vehicles keep occupants safer.
  • Early Renewal Discounts – Select insurance companies give a discount for renewing your policy before your current expiration date. You can save around 10% with this discount.
  • Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course in high school.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt could cut 10% or more on medical payment and PIP coverage.
  • Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts in comparison to policyholders that have many claims.
  • Waiver for an Accident – This one isn’t a discount, but some companies like State Farm and Allstate permit an accident without the usual rate increase with the catch being you have to be claim-free prior to the accident.
  • Homeowners Discount – Owning a house can get you a discount due to the fact that maintaining a home shows financial diligence.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can qualify for discounts of more than 20%.
  • Discounts for Multiple Vehicles – Having several vehicles with the same company can get a discount on all vehicles.
  • Club Memberships – Being a member of a qualifying organization may earn a discount on your next insurance statement.

Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

To locate companies with significant discounts, click here.

Reduce insurance rates with these tips

When buying insurance coverage it’s important to understand the rating factors that help determine insurance coverage rates. If you have some idea of what determines premiums, this helps enable you to make changes that can earn you better insurance coverage rates.

  • Don’t cancel your insurance coverage policy without a new one in place – Going without insurance is a quick way to trigger a rate increase. Not only will you pay more, being ticketed for driving with no insurance could result in a revoked license or a big fine.
  • Costs impacted by your city – Having an address in less populated areas is a good thing when talking about insurance coverage. Lower population means a lower chance of having an accident as well as less vandalism and auto theft. Drivers in populated areas have to deal with more road rage incidents and longer commutes to work. More time behind the wheel means higher likelihood of an accident.
  • Your stress level may be raising your insurance coverage rates – Occupations such as military generals, business owners and stock brokers generally pay higher rates than average in part from intense work-related stress and long work days. On the other hand, careers such as actors, historians and performers get better rates for Odyssey coverage.
  • Better prices on safer cars – Vehicles with good safety scores get lower rates. Vehicles built for safety result in less severe injuries and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Honda scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.

Insurance is unique, just like you

When it comes to buying coverage, there isn’t really a single plan that fits everyone. Each situation is unique and your policy should reflect that. For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

  • What can I do if my company won’t pay a claim?
  • When should I buy a commercial auto policy?
  • How much can I save by bundling my policies?
  • What is roadside assistance coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is my dog or cat covered if injured in an accident?

If you can’t answer these 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, take a second and complete this form or you can go here for a list of companies in your area.

Advertising myths

Insurance companies such as State Farm, Geico and Progressive constantly bombard you with television and radio advertisements. All the ads make an identical promise that people will save if you get a free car insurance quote and switch your policy. That’s great but how can every company cost less than your current company? You have to listen carefully.

Insurance companies have specific guidelines for the type of insured that makes them money. A good example of a desirable insured may need to be between the ages of 40 and 55, has no claims, and drives a safe vehicle. Any new insured who meets those qualifications is entitled to the best price as well as save some money.

Potential insureds who do not meet this ideal profile will see a more expensive rate with the end result being the prospect going elsewhere. If you pay attention, the ads say “drivers who switch” not “everyone who quotes” save the amount stated. That is how companies can state the savings. Because of this risk profiling, it is so important to get car insurance quotes from several different companies. It’s not possible to predict with any certainty which company will have the best rates at this point in time.

Car insurance coverages for a Honda Odyssey

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types offered by car insurance companies.

Collision coverage

This will pay to fix damage to your Odyssey from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like rolling your car, crashing into a building, scraping a guard rail, crashing into a ditch and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Insurance for medical payments

Med pay and PIP coverage kick in for bills for things like nursing services, rehabilitation expenses, pain medications, ambulance fees and funeral costs. The coverages can be 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 as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

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

Comprehensive insurance covers claims like a broken windshield, hail damage, vandalism and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability auto insurance

Liability insurance can cover damage that occurs to other people or property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as structural damage, attorney fees, bail bonds and emergency aid. How much coverage you buy is your choice, but you should buy as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Odyssey.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Make a quick buck

A few companies don’t offer price quotes online and usually these smaller providers work with independent agents. Discount 2016 Honda Odyssey insurance is definitely available online as well as from insurance agents, and you need to comparison shop both to get a complete price analysis.

As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice uninsured motorist or liability limits only to discover later that it was a big mistake. Your focus should be to find the BEST coverage at the best price but still have enough coverage for asset protection.

Even more information can be read at these sites: