Save on 2002 Honda CR-V Insurance Quotes

Searching for cheaper insurance coverage rates for your Honda CR-V? Consumers not familiar with comparing rates online may find buying low cost auto insurance is not as easy as it seems.

The purpose of this post is to tell you how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you will be able to cut costs considerably using this information. But car owners must learn the way insurance companies price online insurance and apply this information to your search.

The Honda CR-V insurance premium equation

Consumers need to have an understanding of some of the things that come into play when calculating the rates you pay for insurance. If you understand what determines premiums, this enables informed choices that could result in big savings.

The items below are just a few of the factors used by insurance companies to determine your premiums.

  • Frequent claims will cost more – Auto insurance companies give better rates to people who are not frequent claim filers. If you file claims often, you can expect either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for claims that pose a financial burden.
  • Vehicles with better crash test results means lower rates – Cars with high safety ratings tend to be cheaper to insure. Safe vehicles protect occupants better and reduced instances of injuries means less money paid by your insurance company and more competitive rates for policyholders.
  • Marriage brings a discount – Your spouse helps lower the price on your policy. It means you’re more stable financially and insurance companies like that drivers who are married file infrequent claims.
  • Never let your policy lapse – Letting your insurance expire is a quick way to pay more for insurance. In addition to paying higher premiums, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license. You could then be forced to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Gals tend to be lower risk – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Men and women are in accidents at a similar rate, but the men tend to have more serious accidents. Men also get higher numbers of serious violations like DWI (DUI) or reckless driving.

Compare quotes for auto insurance

There are multiple methods to shop for auto insurance, but there is one way that is less time-consuming than others. You could spend the better part of a day talking about coverages with insurance companies in your area, or you can utilize online quotes to get pricing more quickly.

Most of the best insurance companies participate in a marketplace where prospective buyers submit their information once, and each participating company returns a competitive quote. This prevents consumers from doing quote requests to each individual auto insurance company.

To find out what other companies charge click here (opens in new window).

One minor caviat to using this type of form is that consumers can’t choose which insurance companies you will receive quotes from. If you prefer to choose specific providers to compare, we put together a list of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make sure you compare exactly the same coverages for every quote you compare. If the quotes have different limits and deductibles on each one you will not be able to decipher which rate is best. Even a minor difference in insurance coverages could throw off the whole comparison. It’s important to know that more quotes gives you a better chance of getting the best price. Not every company provides quotes online, so it’s recommended that you also compare price quotes from the smaller companies as well.

Save 15 percent in 15 minutes? Is it for real?

Companies like State Farm, Geico and Progressive endlessly run ads on television and other media. All the companies say the same thing that you’ll save big if you move your insurance coverage policy to them. How does every insurance coverage company give you a better price? It’s all in how they say it.

Most companies have specific criteria for the driver that earns them a profit. An example of a driver they prefer may need to be between 25 and 40, has no prior claims, and insures a new vehicle. Any driver who fits those characteristics receives the best car insurance rates and is almost guaranteed to save when switching.

Insureds who do not meet this stringent profile may receive a higher premium which translates to the driver buying from a lower-cost company. The ads say “drivers that switch” but not “all drivers who get quotes” save the amount stated. That’s the way insurance companies can confidently make it sound like they have such great prices.

Because every company is different, it’s extremely important to get as many free auto insurance quotes as possible. It’s not possible to predict the company that will fit you best based on your risk profile.

Drivers save money with these premium-slashing discounts

Car insurance companies don’t list every discount they offer very clearly, so below is a list both the well known and also the lesser-known savings tricks you should be using when you buy auto insurance online.

  • Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you can actually save on your bill.
  • Senior Citizens – Drivers that qualify as senior citizens can possibly qualify for lower premium rates on CR-V coverage.
  • Student in College – who live away from home at college and do not take a car to college may be able to be covered for less.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you a discount if you purchase some life insurance too.
  • Own a Home and Save – Owning a home can get you a discount due to the fact that maintaining a home shows financial diligence.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save up to 15% on medical payment and PIP coverage.
  • Paper-free Discount – Certain larger companies will give a small break for buying your policy online.
  • Claim-Free Discount – Drivers who don’t have accidents can earn big discounts when compared to drivers with a long claim history.
  • New Car Discount – Buying a new car instead of a used car is cheaper because new model year vehicles keep occupants safer.

Consumers should know that most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way.

Popular insurance coverage companies and some of the premium reductions they offer can be read below.

  • Farmers Insurance may include discounts for distant student, electronic funds transfer, pay in full, switch companies, youthful driver, and homeowner.
  • State Farm has discounts for student away at school, Steer Clear safe driver discount, accident-free, passive restraint, and Drive Safe & Save.
  • Liberty Mutual includes discounts for multi-car, newly married, preferred payment discount, new move discount, and new graduate.
  • MetLife has savings for accident-free, good driver, claim-free, defensive driver, and multi-policy.
  • Progressive discounts include online signing, multi-policy, online quote discount, homeowner, good student, and continuous coverage.

Double check with each company which credits you are entitled to. Some credits may not apply to policies in your area. To find insurers who offer discounts, click here to view.

Do I need special coverages?

When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is motorclub coverage worth it?
  • Is there coverage for injuries to my pets?
  • Which companies will insure high-risk drivers?
  • Is my custom paint covered by insurance?
  • Am I covered if I drive in a foreign country?
  • Is other people’s property covered if stolen from my vehicle?
  • What is an SR-22 filing?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverage information

Having a good grasp of a insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Honda CR-V.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision insurance

This will pay to fix damage to your CR-V caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, rolling your car, scraping a guard rail, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, damage from flooding, falling objects, damage from getting keyed and fire damage. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for things like hospital visits, ambulance fees, prosthetic devices and dental work. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability car insurance

This coverage provides protection from damage that occurs to other people or property in an accident. This insurance protects YOU against other people’s claims, and 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. You might see liability limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as structural damage, repair costs for stationary objects and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Buy online or local, you save

We just presented many tips how you can lower your 2002 Honda CR-V insurance prices. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

Lower-priced 2002 Honda CR-V insurance can be found both online and also from your neighborhood agents, so you need to shop auto insurance with both to have the best selection. There are still a few companies who do not provide online rate quotes and these smaller providers only sell coverage through independent agents.

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. There have been many situations where someone dropped liability coverage limits to discover at claim time that it was a big error on their part. The aim is to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

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