Compare 2003 Honda Odyssey Insurance Cost

Finding the cheapest insurance for a new or used Honda Odyssey can turn out to be a lot of work, but you can learn these tips to make it easier.

There are more efficient ways to compare car insurance rates and we’ll show you the absolute fastest way to price shop coverage for a Honda and locate the lowest possible price from both online companies and local agents.

If you have insurance now or are looking for a new policy, you can use these techniques to find the best rates and possibly find even better coverage. Buying more affordable auto insurance coverage is not that difficult. Drivers just need to understand how to get comparison quotes over the internet.

Be sure to get all your discounts

The cost of insuring your cars can be expensive, but you may find discounts to cut the cost considerably. Some trigger automatically when you quote, but less common discounts must be specifically requested before they will apply. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Federal Employees – Active or retired federal employment can save as much as 8% for Odyssey coverage with certain companies.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can receive discounts of 20% or more.
  • Discounts for Safe Drivers – Safe drivers may receive a discount up to 45% less for Odyssey coverage than their less cautious counterparts.
  • Safety Course Discount – Successfully completing a course in driver safety could possibly earn you a 5% discount depending on where you live.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Accident Waiver – Some insurance companies permit an accident before hitting you with a surcharge if you are claim-free prior to the accident.

Drivers should understand that most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Just because you may think you could get a free insurance coverage policy, you’re out of luck. But any discount will reduce your premiums.

To see a list of providers with discount insurance coverage rates, click here to view.

The quickest method to compare policy rates is to know most of the larger companies have advanced systems to give rate comparisons. All you need to do is provide a little information such as if you have an active license, how much school you completed, if the vehicle is leased, and whether you drive to work or school. The data gets sent immediately to multiple different insurance companies and you get price estimates within a short period of time.

Parts of the Honda Odyssey rate equation

It’s important that you understand the factors that go into determining the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay helps enable you to make changes that may reward you with lower auto insurance prices.

  • Keep rates low by being claim-free – Companies generally give discounts to policyholders who file claims infrequently. If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings can get you lower premiums. The safest vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Honda Odyssey is rated at least four stars on or an “acceptable” rating on you may qualify for a discount.
  • Allowing your policy to lapse raises rates – Not having insurance is against the law and auto insurance companies will penalize you for letting your coverage have a gap. And not only will insurance be more expensive, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Pleasure use or commuting – The more you drive in a year the higher your rate. The majority of insurers apply a rate determined by how the vehicle is used. Autos not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Ask your agent if your auto insurance policy is showing the correct driver usage, because it can save money. If your policy improperly rates your Odyssey may be wasting your money.
  • Low deductibles can be expensive – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Honda from damage. Some examples of claims that would be covered are colliding with a building, collision with an animal, and burglary. Physical damage deductibles are the amount of money you are required to spend if you file a covered claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive for Odyssey coverage.
  • Do men or women drive better? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. They both have accidents in similar numbers, but men have costlier accidents. Men also receive more costly citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore are the most expensive to insure.

How do I know if I need professional advice?

When buying coverage, there really is not a best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.

  • Can I make deliveries for my home business?
  • Where can I find high-risk insurance?
  • Does insurance cover tools stolen from my truck?
  • Am I getting all the discounts available?
  • Do I need more liability coverage?
  • Is rental equipment covered for theft or damage?
  • What happens if I owe more than my 2003 Honda Odyssey is worth?

If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

Insurance myths debunked

Consumers constantly see and hear ads that promise big savings by companies like Progressive, Allstate and GEICO. They all say the same thing that you’ll save big after switching to them.

How can each company make almost identical claims?

Insurance companies can use profiling for the type of driver that makes them money. An example of a desirable insured might be between 25 and 40, has no tickets, and drives less than 10,000 miles a year. Any new insured who fits that profile receives the best rates and most likely will save when switching.

Consumers who don’t meet this ideal profile will have to pay a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “customers who switch” not “everybody who quotes” save that kind of money. That is how companies can state the savings.

Because of the profiling, you should get as many comparisons as possible. You cannot predict the company that will have the lowest Honda Odyssey insurance rates.

Car insurance coverage options for a 2003 Honda Odyssey

Understanding the coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like dental work, X-ray expenses, funeral costs, surgery and doctor visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants 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. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Auto liability insurance

Liability coverage will cover damage that occurs to other people or property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like medical services, repair bills for other people’s vehicles, loss of income, pain and suffering and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hitting a deer, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision protection

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

Collision coverage pays for things like crashing into a ditch, colliding with another moving vehicle, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

In Summary

Throughout this article, we presented many tips how you can lower your 2003 Honda Odyssey insurance rates. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the most savings is with the least-expected company.

Consumers leave their current company for a number of reasons such as not issuing a premium refund, delays in responding to claim requests, questionable increases in premium or even policy cancellation. It doesn’t matter why you want to switch switching auto insurance companies can be less work than you think.

Affordable insurance is definitely available on the web and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. Some insurance companies may not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

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