Honda Odyssey Owners Discover How to Slash Their Car Insurance Rates

Scraping up a payment for overpriced Honda Odyssey insurance can take a big chunk out of your checking account and make it impossible to make ends meet. Comparing price quotes is a great way to help make ends meet. Many auto insurance companies vie for your insurance dollar, so it can be very hard to choose a company to find the absolute lowest rate possible.

You probably qualify for some discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. Most are applied when you purchase, but some may not be applied and must be asked for in order for you to get them. If you’re not getting every credit you deserve, you’re just leaving money on the table.

• Defensive Driver – Taking part in a defensive driving course can save you 5% or more if your company offers it.
• Senior Citizens – If you’re over the age of 55, you can possibly qualify for reduced rates for Odyssey insurance.
• Good Student – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can get savings of up to 25% or more.
• Seat Belt Usage – Requiring all passengers to wear their seat belts could cut 10% or more off your medical payments premium.
• Military Rewards – Being on active duty in the military may qualify for rate reductions.
• 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.
• Memberships – Belonging to a qualifying organization is a good way to get lower rates on your policy for Odyssey insurance.
• Student Driver Training – Have your child complete a driver education course if it’s offered in school.
• Payment Method – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

Keep in mind that some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck. Any qualifying discounts will bring down your premiums.

How to Lower Your Car Insurance Cost

All major car insurance companies give pricing directly from their websites. Getting online rates is quite easy as you simply type in the amount of coverage you want into the quote form. Behind the scenes, their rating system will order information on your driving record and credit history and generates a price based on many factors. This makes it a lot easier to compare rates but having to visit each company’s website and repetitively fill out multiple forms gets old quite quickly. But it is imperative to compare as many rates as possible if you want to find a lower rate.

A more efficient way to find cheaper rates is to use a quote form to return rates from several companies at one time. This type of form saves time, eliminates repetitive work, and makes online shopping a little more enjoyable. Once the form is submitted, your coverage is rated with multiple companies and you can pick any or none of the quotes that you receive.

If the quotes result in lower rates, you can click and sign and purchase coverage. It takes less than 15 minutes and may result in a nice savings.

To quickly find out how much you can save on car insurance, click here and submit your coverage information. If you have coverage now, it’s recommended you enter the coverage information identical to your current policy. This way, you will receive a price comparison for similar coverage.

Elements that influence Honda Odyssey rates

An important part of buying insurance is that you know some of the elements that go into determining the price you pay for car insurance. Knowing what impacts premium levels helps enable you to make changes that could result in big savings.

Listed below are a partial list of the pieces that factor into premiums.

• Better credit means lower rates – Having a bad credit score is a huge factor in your rate calculation. If your credit score is lower than you’d like, you could be paying less to insure your Honda Odyssey by improving your rating. People with high credit ratings tend to be more responsible than drivers who have poor credit.
• Pay less if you’re married – Being married helps lower the price on car insurance. It means you’re more mature than a single person it has been statistically shown that married couples file fewer claims.
• High performance equals high price – The type of car you are insuring makes a significant difference in determining your rates. The lowest base rates are for economy passenger vehicles, but other factors influence the final cost greatly. Due to the fact that the Honda Odyssey is a van and minivan, insurance will be similar in price than the average rate where you live.
• Higher deductibles cost less – Deductibles for physical damage define the amount you are willing to pay if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, collision with an animal, and windstorm damage. The more you are required to pay out-of-pocket, the bigger discount you will receive for Odyssey insurance.
• Women pay lower rates – Statistics show that men are more aggressive behind the wheel. However, don’t assume that women are better drivers. Both sexes are in accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations such as DWI and reckless driving.
• More miles equals more premium – Driving more miles in a year’s time the more you will pay for car insurance. The majority of insurers charge to insure your cars based on their usage. Autos used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. If your policy improperly rates your Odyssey may be costing you. Double check that your car insurance coverage shows the proper vehicle usage.

How do I know if I need professional advice?

When choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions can help discover if your situation would benefit from professional advice.

• Where can I get insurance after a DUI in my state?
• Am I covered when delivering products for my home-based business?
• Does my policy pay for OEM or aftermarket parts?
• Should I put collision coverage on all my vehicles?
• Is my teen driver covered when they drive my company car?
• When does my teenage driver need to be added to my policy?
• Why does it cost so much to insure a teen driver?
• Is my cargo covered for damage or theft?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

What if I want to buy from a local agent?

Some people would prefer to visit with an insurance agent and that is OK! Professional agents can point out coverage gaps and help file insurance claims. One of the great benefits of comparing insurance prices online is that you can obtain better rates but also keep your business local. Supporting small agencies is important particularly in smaller rural communities.

After completing this form (opens in new window), your coverage information is sent to local insurance agents who will give you bids for your coverage. There is no reason to leave your house as quotes are delivered directly to your email. Now that’s easy!

The type of insurance agency you choose is important

When finding a good insurance agent, you must know there are a couple types of agencies that you can select. agents are either captive or independent. Both types can insure your vehicles, but it’s important to know how they are different since it can impact the type of agent you choose

Independent Agencies or Brokers

Independent insurance agents are not locked into one company but instead can place your coverage with many different companies depending on which coverage is best. If your agent finds better pricing, the agent simply finds a different carrier and you don’t have to find a new agent.

When comparison shopping, it’s a good idea to include price quotes from at a minimum one independent agency for the best price selection.

Captive Insurance Agents

This type of agents have only one company to place business with like Liberty Mutual, State Farm, Allstate and AAA. These agents are not able to compare other company’s rates so it’s a take it or leave it situation. These agents are very knowledgeable in insurance sales which can be an advantage.

For a full directory of agents, visit this site.

Selecting an auto insurance agent shouldn’t rely on just a low price. Any agent should have no problem answering these questions:

• How long have they worked with personal auto insurance coverage?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Who is covered by the car insurance policy?
• How are they compensated?
• Are you getting all the discounts the company offers?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?

After getting answers to your satisfaction and a good coverage price, you may have just found an auto insurance agent that is a good match to insure your vehicles.

Are you falling for claims of savings?

Consumers can’t ignore all the ads for car insurance savings from companies such as 21st Century, Allstate and State Farm. All the ads say the same thing that you can save if you change your policy.

But how can every company make the same claim? It’s all in the numbers.

All the different companies can use profiling for the type of customer that earns them a profit. An example of a driver they prefer could possibly be between the ages of 40 and 55, has no driving citations, and has great credit. A driver who fits that profile receives the best rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t qualify for these standards must pay more money which usually ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully advertise the way they do.

This illustrates why it’s extremely important to get quotes from several different companies. It’s impossible to know the company that will provide you with the cheapest rates.

Shop smart and save

Budget-conscious Honda Odyssey insurance is attainable on the web in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

When shopping online for car insurance, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where an insured cut liability limits or collision coverage only to discover later they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at an affordable rate while still protecting your assets.