How Much Does 2007 Honda CR-V Car Insurance Cost?

Trying to find the cheapest car insurance rates for your Honda CR-V? Paying low cost rates for car insurance might be a challenge for drivers new to online price comparisons. Drivers have so many options available that it can easily be a difficult situation to find a more affordable company.

If you currently have car insurance, you will be able to save some money using this information. Pricing more affordable coverage can be fairly easy. But consumers must learn how big insurance companies compete online and take advantage of how the system works.

How to lower your insurance cost

To find the best insurance quotes, there are several ways to obtain and compare prices from companies that offer insurance in your state. One of the best ways to lower the rate you pay for 2007 Honda CR-V insurance is to perform an online rate comparison. This can be accomplished in a couple minutes as outlined below.

  1. Probably the best way to get quotes is to use a rate comparison form click here to open form in new window. This type of form eliminates the need for separate quotation requests for each company you want a rate for. In just a few minutes this one form will get you price quotes from all major companies. This is by far the quickest method.
  2. Another way to get quotes online is spending the time to visit each individual company website to complete their respective quote request forms. For sake of this example, we’ll pretend you want to get rates from Nationwide, Farmers and Travelers. To do that, you would have to go to each individual site and enter your information, which can be really labor intensive.

    For a list of links to insurance companies in your area, click here.

  3. The most difficult way to do your price quoting is making phone calls or going to local insurance agencies. Comparing rates online can eliminate the need for a local agent unless your situation requires the professional abilities of a licensed agent. Drivers can compare online quotes but have your policy serviced through an agent.

How you compare quotes is your choice, just try to keep apples-to-apples coverages on every quote you get. If you have different data it will be very difficult to determine which company has the best rates. Slightly different coverages could mean much higher rates. And when price shopping your coverage, comparing more company’s prices helps increase your odds of locating the best offered rates. Not every company provides quotes online, so it’s recommended that you also compare prices on coverage from those companies, too.

Insurance coverage discounts are available to slash your rates

Insuring your fleet can be pricey, but you might already qualify for some discounts that you may not know about. Certain discounts will be triggered automatically when you complete an application, but occassionally some discounts must be requested specifically before being credited.

  • Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • Full Payment Discount – By paying your entire bill at once rather than paying in monthly installments you can actually save on your bill.
  • Employee of Federal Government – Being employed by or retired from a federal job could provide a small rate reduction for CR-V insurance with certain companies.
  • Distant Student – College-age children who live away from home at college and don’t have a car could get you a discount.
  • Savings for New Vehicles – Buying a new car model can save up to 30% due to better safety requirements for newer vehicles.

It’s important to note that most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. Even though the math looks like it’s possible to get free car insurance, it just doesn’t work that way.

To view insurers who offer cheap insurance coverage quotes, click this link.

Everyone needs different insurance coverages

When it comes to buying the best insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my Honda CR-V covered if I use it for business?
  • When should my teen driver be added to my policy?
  • Do I have coverage for damage caused while driving under the influence?
  • Can my teen drive my company car?
  • Can I rent a car in Mexico?
  • What is PIP insurance?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Auto insurance coverages

Understanding the coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive or Other Than Collision

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as falling objects, hitting a bird and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages

Liability coverage protects you from damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as funeral expenses, court costs and legal defense fees. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

UM/UIM Coverage

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2007 Honda CR-V.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like scraping a guard rail, backing into a parked car, crashing into a building, driving through your garage door and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like rehabilitation expenses, X-ray expenses, dental work, surgery and hospital visits. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Save for a rainy day

We just presented many ideas to get a better price on 2007 Honda CR-V insurance. The key thing to remember is the more times you quote, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates come from a company that doesn’t do a lot of advertising.

When getting insurance quotes online, you should never reduce needed coverages to save money. There have been many cases where an insured dropped physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to get the best coverage possible at an affordable rate while not skimping on critical coverages.

Cost effective 2007 Honda CR-V insurance is possible from both online companies in addition to local insurance agencies, so you need to quote insurance with both to get a complete price analysis. Some insurance companies may not have price quotes online and usually these regional insurance providers provide coverage only through independent insurance agents.

Additional information