Cheaper 2006 Honda Odyssey Insurance Rates

Looking for lower car insurance rates for your Honda Odyssey? Feel like you’re a prisoner to high-priced car insurance? Believe me, there are lots of people in the same boat. Because you have many options when it comes to car insurance, it’s nearly impossible to find the most cost effective provider.

It is always a good idea to do rate comparisons every six months because rates are adjusted regularly by insurance companies. If you had the lowest rates on Odyssey coverage two years ago you can probably find a lower rate today. Starting right now, forget all the misinformation about car insurance because we’re going to show you the tricks you need to know to find lower rates on car insurance.

These discounts can slash insurance coverage rates

The price of auto insurance can be rather high, but discounts can save money and there are some available that can drop the cost substantially. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be specifically requested before you will receive the discount. If you’re not getting every credit possible, you’re just leaving money on the table.

  • Military Rewards – Having a family member in the military could mean lower rates.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less on Odyssey coverage than drivers with accidents.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.
  • Save over 55 – If you’re over the age of 55, you may receive a discount up to 10% on Odyssey coverage.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.

It’s important to understand that some of the credits will not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way. Any amount of discount will help reduce your premiums.

To see a list of companies with the best insurance coverage discounts, click here.

Some factors that can determine what Honda Odyssey insurance costs

Smart consumers have a good feel for the factors that go into determining the rates you pay for car insurance. Understanding what influences your rates empowers consumers to make smart changes that may reward you with lower car insurance prices.

  • High crash test scores lower rates – Cars with high safety ratings can get you lower premiums. The safest vehicles result in less severe injuries and better occupant protection means lower claim amounts and thus lower rates. If your Honda Odyssey scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Claim-free discounts can add up – If you are a frequent claim filer, you can look forward to either policy cancellation or increased premiums. Car insurance companies award discounts to policyholders who are claim-free. Your insurance policy is intended for larger claims.
  • Do you have a high stress job? – Did you know your occupation can influence how much you pay for car insurance? Occupations like judges, architects and stock brokers tend to pay the highest rates due to high stress and long work days. On the other hand, professions such as actors, students and performers have the lowest average rates on Odyssey coverage.
  • Your spouse saves you money – Being married can actually save you money when buying car insurance. Marriage translates into being more mature than a single person it has been statistically shown that married couples file fewer claims.
  • Don’t let your coverage lapse – Driving without insurance is against the law and you will pay a penalty because you let your insurance expire. Not only will you pay more, failure to provide proof of insurance might get you a license revocation or jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

When might I need the advice of an agent?

When it comes to buying adequate coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Should I sign the liability waiver when renting a car?
  • Do I benefit by insuring my home with the same company?
  • Am I covered when driving in Canada or Mexico?
  • I have health insurance so do I need medical payments coverage?
  • How do I file an SR-22 for a DUI in my state?
  • Is upholstery damage covered by car insurance?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Save $454 a year. For real?

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. All the companies say the same thing that you’ll save big if you move your policy.

How do they all make almost identical claims?

All companies have a certain “appetite” for the type of driver that makes them money. For instance, a desirable insured could be between 25 and 40, insures multiple vehicles, and drives less than 7,500 miles a year. A propective insured who fits that profile will get the preferred rates and therefore will cut their rates substantially.

Drivers who don’t qualify for the “perfect” profile will have to pay higher rates and this can result in the customer not buying. The ads say “people who switch” not “everyone that quotes” save that much money. That’s the way insurance companies can make the claims of big savings.

Because of the profiling, you absolutely need to compare as many rates as you can. It’s just too difficult to predict which car insurance company will fit your personal profile best.

Specific coverages for a 2006 Honda Odyssey

Learning about specific coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages available from insurance companies.

Medical costs insurance

Med pay and PIP coverage pay for bills like dental work, pain medications, surgery, chiropractic care and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability car insurance

Liability insurance protects you from damages or injuries you inflict on people or other property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as repair bills for other people’s vehicles, emergency aid, funeral expenses, loss of income and bail bonds. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, sideswiping another vehicle, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, falling objects, hitting a bird and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Saving money makes a lot of cents

Cost effective 2006 Honda Odyssey insurance is possible both online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. Some companies may not provide online quoting and these small, regional companies work with independent agents.

When you buy insurance online, never buy poor coverage just to save money. There have been many situations where drivers have reduced collision coverage and learned later that they should have had better coverage. Your focus should be to buy enough coverage at a price you can afford while still protecting your assets.

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