Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

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Want the cheapest insurance coverage rates for your Honda Odyssey? Do you get exhausted from not being able to afford each month for insurance coverage? You have the same problem as the majority of other drivers. Many auto insurance companies compete for your insurance dollar, and it can be difficult to compare rates to find the absolute best price available.

Eight factors that affect insurance premiums

Many things are part of the calculation when you get your auto insurance bill. Most are fairly basic such as traffic violations, although others are not as apparent such as your marital status or how safe your car is.

The list below includes some of the things utilized by car insurance companies to help set your prices.

  • Higher physical damage deductibles cost less – Insurance for physical damage, also known as collision and other-than-collision, covers damage that occurs to your Honda. Examples of covered claims would be colliding with a building, hail damage, and burglary. The deductibles you choose define how much you are required to spend if a covered claim is submitted. The more you’re willing to pay, the lower your rates will be for Odyssey coverage.
  • Too many claims and you’ll pay more – If you are a frequent claim filer, you can look forward to higher rates. Car insurance companies generally give the best rates to insureds that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Where you reside factors in – Choosing to live in areas with lower population can save you money when insuring your vehicles. Fewer drivers and short commutes means reduced accidents and a lower car theft rate. Residents of big cities have to deal with traffic congestion and longer commutes to work. Longer commute distances can result in more accidents.
  • Extra coverages push up prices – There are a lot of additional extra coverages that can waste your money if you don’t pay attention. Coverages like rental car reimbursement, accident forgiveness, and term life insurance may be costing you every month. These may sound like a good investment when buying your policy, but now you might not need them so consider taking them off your policy.
  • Drive lots and pay more – The more you drive your Honda annually the higher the price you pay to insure it. A lot of companies charge rates determined by how the vehicle is used. Autos that sit idle most of the time receive better premium rates than those that get driven frequently. An improperly rated Odyssey can result in significantly higher rates. Make sure your auto insurance declarations sheet shows the proper vehicle usage.
  • Premiums are lower the older you get – Older insureds are viewed as being more responsible, cause fewer claims and accidents .Drivers with little experience are statistically shown to be inattentive and easily distracted when at the wheel of a vehicle and because of this, their auto insurance rates are much higher.
  • Lower rates with a multi-policy discount – Most major auto insurance companies will award discounts to buyers who consolidate policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even with this discount applied, drivers will still want to shop around to help ensure you have the lowest rates. You may still be able to save even more than the discount by splitting coverages up.
  • Safety ratings are a factor – Vehicles with high crash test scores can get you lower premiums. Vehicles engineered for safety have better occupant injury protection and better occupant protection translates into savings for insurance companies and thus lower rates. If your Honda Odyssey is rated at least four stars on or an “acceptable” rating on it is probably cheaper to insure.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Ways to get auto insurance quotes

Most companies such as 21st Century, Allstate and State Farm give prices for coverage direct online. Getting quotes is fairly simple as you simply type in your personal and coverage information into the quote form. Behind the scenes, the system will obtain credit information and your driving record and returns a price quote. This makes it easy to compare insurance prices but having to visit different websites and type in the same information can be a bit repetitive. But it’s very important to have as many quotes as possible if you want to find the best price on auto insurance.

The preferred way to find better auto insurance pricing uses one simple form that obtains quotes from a bunch of companies at once. It’s a real time-saver, helps eliminate reptitive entry, and makes comparison shopping much easier to do. Immediately after you send the form, it is quoted with multiple companies and you can pick any of the quotes returned. If the quotes result in lower rates, you simply finish the application and purchase the new policy. It takes 15 minutes at the most and could lower your rates considerably.

To fill out one form to compare multiple rates now, simply click here to open in new window and input your coverage information. If you have a policy now, it’s recommended you input your coverages exactly as they are listed on your policy. Doing this assures you will have an apples-to-apples comparison using the exact same coverages.

Discounts for cheap auto insurance rates

Companies that sell car insurance don’t list every available discount in an easy-to-find place, so the list below gives a summary of a few of the more common as well as the least known discounts that may be available.

  • New Vehicle Savings – Insuring a vehicle that is new can be considerably cheaper because newer vehicles are generally safer.
  • Active Military Service – Being deployed in the military could qualify you for better premium rates.
  • Auto/Home Discount – If you can combine your homeowners and auto policy and insure them both with the same insurance company you will save approximately 10% to 15%.
  • Anti-lock Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions so companies give up to a 10% discount.
  • Low Mileage – Keeping the miles down on your Honda can qualify you for cheaper rates.
  • Good Students Pay Less – Excelling in school could provide a savings of up to 20% or more. You can use this discount normally well after school through age 25.

A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. Most cut individual premiums such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

A list of companies and their offered discounts include:

  • State Farm may include discounts for safe vehicle, passive restraint, Drive Safe & Save, good student, student away at school, multiple policy, and accident-free.
  • Nationwide includes discounts for easy pay, Farm Bureau membership, defensive driving, anti-theft, multi-policy, accident-free, and business or organization.
  • GEICO offers premium reductions for good student, five-year accident-free, seat belt use, military active duty, and membership and employees.
  • AAA has discounts for good driver, pay-in-full, multi-car, good student, education and occupation, AAA membership discount, and multi-policy.
  • 21st Century offers discounts including early bird, anti-lock brakes, automatic seat belts, air bags, driver training, good student, and homeowners.
  • The Hartford policyholders can earn discounts including anti-theft, defensive driver, bundle, good student, driver training, air bag, and vehicle fuel type.

If you want affordable car insurance quotes, ask all companies you are considering how many discounts you can get. Some discounts listed above may not apply to policies everywhere. To see insurance companies who offer discounts, follow this link.

Tailor your insurance coverage to you

When buying adequate coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions could help you determine whether you would benefit from professional advice.

  • Can I get a multi-policy discount?
  • What is no-fault insurance?
  • Is my 2005 Honda Odyssey covered for flood damage?
  • How do I file an SR-22 for a DUI in my state?
  • Do I pay less if my vehicle is kept in my garage?
  • Do I need higher collision deductibles?
  • When should I not file a claim?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance coverage information

Knowing the specifics of insurance can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most insurance policies.

Coverage for collisions

Collision coverage covers damage to your Odyssey caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as falling objects, damage from a tornado or hurricane and a broken windshield. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for medical payments

Med pay and PIP coverage kick in for bills such as nursing services, X-ray expenses, chiropractic care and pain medications. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Auto liability

Liability insurance protects you from damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like repair costs for stationary objects, bail bonds and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

A fool and his money are soon parted

When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. Too many times, someone sacrificed liability coverage limits only to find out they didn’t purchase enough coverage. Your strategy should be to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

Lower-priced insurance is available on the web and from local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not offer online quoting and many times these smaller companies prefer to sell through independent insurance agents.

For more information, feel free to visit the resources below: