2003 Honda Odyssey Insurance Quotes – 5 Ideas for Best Rates

Buyers have options when searching for the best price on Honda Odyssey insurance. They can either spend hours driving around to compare prices or leverage the internet to compare rates. There are more efficient ways to buy insurance coverage so we’re going to tell you the absolute fastest way to get price quotes on a Honda and get the lowest price from both online companies and local agents.

Discounts can save BIG

Companies that sell car insurance do not advertise all available discounts very well, so here is a list some of the more common and the more hidden car insurance savings. If you don’t get every credit you qualify for, you are throwing money away.

  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off on Odyssey insurance depending on your company.
  • Multiple Cars – Insuring all your vehicles on one policy qualifies for this discount.
  • Paperwork-free – Certain companies will give a small break simply for signing over the internet.
  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on Odyssey insurance than drivers with accidents.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, you’re out of luck.

Companies that possibly offer some of the above discounts may include but are not limited to:

Double check with all companies you are considering which discounts you may be entitled to. Discounts may not apply in every state.

Will just any policy work for me?

When it comes to buying coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine if you would benefit from professional advice.

  • Why am I required to buy liability insurance?
  • What is an SR-22 filing?
  • Does my policy cover my teen driver if they drive my company car?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered if I drive in a foreign country?
  • Who is covered by my policy?
  • Do I have newly-aquired coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I missing any policy discounts?
  • Can I make deliveries for my home business?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Do drivers who switch really save $403 a year?

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 ads make the same claim about savings if you move your policy.

But how can every company make the same claim?

Different companies have a certain “appetite” for the type of driver that is profitable for them. For example, a preferred risk might be profiled as between the ages of 40 and 55, has no prior claims, and drives less than 7,500 miles a year. Any driver who fits that profile receives the best rates and therefore will save a lot of money.

Drivers who do not match these standards must pay a more expensive rate which leads to business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can make the claims of big savings. This illustrates why drivers must get as many comparisons as possible. It’s just too difficult to predict the company that will have the lowest Honda Odyssey insurance rates.

Auto insurance 101

Learning about specific coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a deer, hitting a bird, theft and a tree branch falling on your vehicle. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision insurance

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

Collision can pay for claims such as driving through your garage door, sustaining damage from a pot hole, scraping a guard rail, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Insurance for medical payments

Med pay and PIP coverage pay for expenses for surgery, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability insurance

This coverage can cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims like structural damage, loss of income, repair bills for other people’s vehicles, medical expenses and court costs. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your 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. So UM/UIM coverage is important protection for you and your family.

In Summary

In this article, we presented quite a bit of information on how to get a better price on 2003 Honda Odyssey insurance. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best price on auto insurance is with a lesser-known regional company.

Cheap insurance can be bought from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

As you restructure your insurance plan, make sure you don’t skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced physical damage coverage and learned later they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

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