How Much Does 2008 Honda Odyssey Insurance Cost?

Nobody I know cherishes buying car insurance, especially knowing the cost is too high.

Consumers have many auto insurance companies to pick from, and although it’s nice to have multiple companies, so many choices can make it hard to find the lowest rates.

Verify you’re getting all your discounts

Companies that sell car insurance do not advertise every available discount very clearly, so we break down both the well known and the harder-to-find auto insurance savings.

  • Driver’s Ed – Require your teen driver to take driver’s ed class if it’s offered in school.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less on Odyssey coverage than drivers with accident claims.
  • Pay Upfront and Save – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • No Charge for an Accident – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Honda can qualify you for a substantially lower rate.

It’s important to understand that most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, you’re out of luck.

To see a list of insurance companies with discount auto insurance rates, click here to view.

What determines your Honda Odyssey insurance premium

An important part of buying insurance is that you know the factors that help determine the price you pay for insurance. Knowing what controls the rates you pay helps enable you to make changes that will entitle you to lower insurance prices.

The following are some of the factors that factor into prices.

  • What are your deductibles? – The deductibles define the amount you are required to spend in the event of a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and windstorm damage. The more expense the insured has to pay upfront, the bigger discount you will receive on Odyssey coverage.
  • Pay less if you’re married – Being married can get you a discount on your insurance policy. Having a significant other usually means you are more mature than a single person and statistics show married drivers get in fewer accidents.
  • Add-on coverages can add up – There are a ton of extra coverages that can waste your money on your Odyssey policy. Coverages like roadside assistance, accident forgiveness and motor club memberships are examples of these. They may seem like a good idea initially, but if you don’t need them get rid of them and save.
  • You might want pay the small claims yourself – Car insurance companies award cheaper rates to policyholders who are claim-free. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is designed for the large, substantial claims.
  • How your age affects price – More mature drivers are more cautious drivers, tend to file fewer claims and are safer drivers. Young drivers are statistically proven to be less responsible when driving therefore insurance rates are much higher.
  • Your car’s features help determine rates – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.

When should I talk to an agent?

When it comes to choosing coverage for your personal vehicles, there really is no best way to insure your cars. Every situation is different so this has to be addressed. For example, these questions might point out whether you would benefit from an agent’s advice.

  • Is my camper covered by my car insurance policy?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered if my car is in a flood?
  • Is my custom paint covered by insurance?
  • Can I afford low physical damage deductibles?
  • What should my uninsured motorist coverage limits be in my state?
  • What is the ISO rating for a 2008 Honda Odyssey?
  • Do I need replacement cost coverage?
  • Is rental equipment covered for theft or damage?
  • Can I make deliveries for my home business?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Learn about insurance coverages for a 2008 Honda Odyssey

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses for doctor visits, ambulance fees, pain medications and hospital visits. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, a broken windshield, a tree branch falling on your vehicle, hail damage and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for liability

This coverage provides protection from injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims such as structural damage, medical services, legal defense fees and emergency aid. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

UM/UIM Coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for collisions

This coverage covers damage to your Odyssey caused by 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 claims like sideswiping another vehicle, damaging your car on a curb, crashing into a ditch and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Get your money’s worth

When you buy insurance online, do not skimp on coverage in order to save money. There have been many cases where an insured dropped physical damage coverage and learned later that it was a big error on their part. The aim is to get the best coverage possible for the lowest price while still protecting your assets.

Affordable 2008 Honda Odyssey insurance can be purchased from both online companies and with local insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

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