Honda Odyssey drivers can benefit from several auto insurance policy types, including but not limited to state minimum liability and full coverage.
Full coverage combines different types above and beyond the minimum required by law, including liability and first-party protections such as collision (damage received after a wreck regardless of who’s fault it is) and comprehensive (damage your vehicle sustains due to things such as vandalism and storms.
Generally, collision and comprehensive deductibles start at $250 and increase upwards of $2,000, depending on state law and the insurance company. The lower your deductible and liability limits, the higher your premiums. Choosing to raise your deductible can lower your premium.
State Minimum Liability
State minimum liability refers to the minimum liability coverage your state requires of all drivers. It generally consists of two types: bodily injury and property damage liability.
Bodily liability helps pay for any costs associated with medical expenses, lost income, and even funeral arrangements incurred by fellow drivers and pedestrians in an at-fault accident. Conversely, property damage liability helps pay for damages to other people’s property, such as vehicles, mailboxes, and light posts.
Other coverages required by some states include personal injury protection (PIP), and uninsured /underinsured motorist coverage. Even if your state does not require this coverage, it may be worth considering as an addition to your policy. If someone with no insurance hits you, this could be a game changer for your finances.
In California, all drivers must carry a minimum 15/30/5 policy, which translates to a minimum of $15,000 in bodily injury/death coverage per person, $30,000 in bodily injury/death per accident, and $5,000 in property damage liability per accident. If you cause an accident and total someone’s car, your out-of-pocket costs will be your deductible, plus anything over the $5,000 you have in property damage insurance.
Keep in mind that all drivers have the opportunity to purchase higher levels.