Save on 2007 Honda Odyssey Insurance Rates

Trying to find cheaper insurance coverage rates for your Honda Odyssey? I can’t think of a single person who enjoys paying for insurance coverage, in particular when they are paying too much. Online insurance companies like Allstate and Progressive constantly blast consumers with TV and radio ads and it is challenging if not impossible to ignore the promise of big savings and take the time to shop coverage around.

You probably qualify for some discounts

The price of auto insurance can be rather high, but companies offer discounts to reduce the price significantly. Some trigger automatically at quote time, but less common discounts must be manually applied in order for you to get them. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Low Mileage – Keeping the miles down on your Honda could qualify for a substantially lower rate.
  • Multi-car Discount – Insuring more than one vehicle on one policy could earn a price break for each car.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Homeowners Discount – Owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Memberships – Belonging to a civic or occupational organization may earn a discount when shopping for car insurance on Odyssey insurance.
  • Defensive Driver – Completing a course in driver safety can save you 5% or more if you qualify.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comp or med pay. Just because it seems like you can get free auto insurance, you’re out of luck. Any amount of discount will cut the cost of coverage.

Car insurance companies that may offer these discounts include:

It’s a good idea to ask every prospective company how you can save money. All car insurance discounts may not apply in your area.

Comprehensive Insurance Coverage Comparison

Performing a rate comparison can take time and effort if you aren’t aware of the easiest way. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can stay home and use the internet to get pricing more quickly.

Most of the larger companies are enrolled in a marketplace where prospective buyers submit one quote, and at least one company then returns a price quote for coverage. This prevents consumers from doing repetitive form submissions for each company.

To access this free quoting program, click here (opens in new window).

One minor caviat to using this type of system is you don’t know exactly the providers you will receive quotes from. If you would rather choose specific providers to request quotes from, we have assembled a list of companies who write insurance coverage in your area. Click here to view list.

Whichever method you choose, double check that you are using the exact same information with every price quote. If each company quotes different values for each quote it’s not possible to determine the best price for your Honda Odyssey.

There’s no such thing as the perfect policy

When choosing adequate coverage, there is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that might help in determining if your situation might need an agent’s assistance.

  • How do I file an SR-22 for a DUI in my state?
  • Is motorclub coverage worth it?
  • How much liability do I need to cover my assets?
  • Does insurance cover tools stolen from my truck?
  • Is my cargo covered for damage or theft?
  • Is rental equipment covered for theft or damage?
  • Why am I required to buy liability insurance?
  • Does my insurance cover a custom paint job?
  • What is PIP insurance?
  • How do I buy GAP insurance?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Parts of your insurance policy

Learning about specific coverages of insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages found on most insurance policies.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, fire damage, damage from getting keyed and hitting a deer. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision insurance

Collision insurance covers damage to your Odyssey resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as colliding with another moving vehicle, rolling your car, crashing into a building and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for immediate expenses for ambulance fees, dental work and funeral costs. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Liability auto insurance

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as pain and suffering, court costs and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

A penny saved is a penny earned

Throughout this article, we presented many tips how you can get a better price on 2007 Honda Odyssey insurance. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the lowest priced insurance coverage comes from some of the lesser-known companies. Some small companies can often provide lower rates in certain areas than their larger competitors like Progressive and Geico.

As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

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