2001 Honda Odyssey Insurance Cost – 8 Tips for Best Prices

Sick and tired of not being able to afford to pay your car insurance bill each month? You’re in the same situation as many other drivers.

With consumers having so many different company options, it can be impossible to locate the lowest cost insurer.

You need to check auto insurance prices every six months since rates trend upward over time. If you had the lowest price for Odyssey coverage a year ago a different company probably has better rates today. You can find a lot of misleading information regarding auto insurance on the internet, so with this article, you’re going to get a lot of great tips on how to put money back in your pocket.

How to reduce Honda Odyssey insurance rates

Companies offering auto insurance do not advertise all available discounts in an easy-to-find place, so we break down some of the more common and the more hidden ways to save on auto insurance.

  • Auto/Life Discount – Select insurance companies reward you with a discount if you purchase life insurance.
  • Homeowners Savings – Being a homeowner may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Club Memberships – Being a member of certain professional organizations could trigger savings on auto insurance for Odyssey coverage.
  • Use Seat Belts – Requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less for Odyssey coverage than their less cautious counterparts.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% since new cars are generally safer.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.

To see a list of providers with discount auto insurance rates, click this link.

Compare the Market for Insurance

There are multiple methods you can shop for 2001 Honda Odyssey insurance but some are less time-consuming than others. You could waste time talking to insurance companies in your area, or you can utilize the internet to get prices fast.

Many popular insurance companies enroll in a system that enables customers to submit their information once, and at least one company then returns a price quote for coverage. This system prevents you from having to do repetitive form submissions to each individual insurance company.

To find out how much you’re overpaying now click here to open in new window.

The only downside to comparing rates this way is that consumers can’t choose the insurers to get pricing from. So if you want to select specific providers to receive pricing from, we have a page of the cheapest insurance companies in your area. Click to view list.

It doesn’t matter which method you choose, just compare exactly the same coverages for each price quote. If the quotes have mixed coverages you will not be able to determine the lowest rate for your Honda Odyssey. Having just a slight variation in limits can make a big difference in price. It’s important to know that quoting more will enable you to find a better price.

Tailor your coverage to you

When choosing proper insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For example, these questions might point out whether or not you would benefit from an agent’s advice.

  • Does my 2001 Honda Odyssey need full coverage?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How high should deductibles be on a 2001 Honda Odyssey?
  • Do I really need UM/UIM coverage?
  • Can I drive in Mexico and have coverage?
  • Should I have a commercial auto policy?
  • How can I get high-risk coverage after a DUI?

If you can’t answer these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Coverage specifics

Having a good grasp of insurance aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on most insurance policies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Honda Odyssey.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hail damage, hitting a deer, theft and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for bills such as nursing services, rehabilitation expenses, X-ray expenses, pain medications and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance will cover damage that occurs to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things like loss of income, medical services, legal defense fees, funeral expenses and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying higher limits if possible.

Collision coverage protection

Collision insurance will pay to fix damage to your Odyssey caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sustaining damage from a pot hole, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

One last thing about your coverage

When you buy insurance online, make sure you don’t sacrifice coverage to reduce premiums. In many instances, drivers have reduced physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

Discount 2001 Honda Odyssey insurance can be found both online and also from your neighborhood agents, and you need to price shop both to have the best selection. Some insurance companies may not provide online price quotes and most of the time these small, regional companies sell through independent agents.

More tips and info about insurance coverage is available in the articles below: