How Much Does 2008 Honda CR-V Car Insurance Cost?

Looking for cheaper auto insurance rates for your Honda CR-V? There isn’t anyone who loves paying for auto insurance, especially when they are aware that they could find lower prices if they just compared rates.

Lots of auto insurance companies contend for your insurance dollar, and because of this it can be hard to compare car insurance companies to find the absolute lowest rate possible.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using this information. Buying car insurance is quite easy. But vehicle owners must learn how insurance companies compete online and take advantage of how the system works.

How to get cheap auto insurance

Performing a rate comparison can take hours if you don’t understand the most efficient way. You can waste a lot of time talking to insurance companies in your area, or you can utilize the internet to get pricing more quickly.

Most major companies belong to an insurance system where prospective buyers complete one form, and at least one company returns a competitive quote for coverage. This eliminates the need for quotation requests for each company you want a rate for.

To get comparison pricing now click here (opens in new window).

The one downside to using this type of system is you cannot specify which companies to get quotes from. So if you want to select specific providers to compare, we have assembled a list of low cost auto insurance companies in your area. View list of insurance companies.

The method you choose is up to you, but ensure you’re using the exact same deductibles and coverage limits on every quote. If you use mixed coverages it’s impossible to make a fair comparison for your Honda CR-V. Slightly different limits can mean a large discrepancy in price. And when quoting auto insurance, remember that comparing a large number of companies helps improve the odds of finding a lower rate than you’re paying now. Some regional insurers cannot provide online quotes, so it’s important to also get quotes on coverage from those companies, too.

Take policy discounts and save

Companies offering auto insurance don’t always advertise their entire list of discounts in an easy-to-find place, so the following is a list of both the well known and the more hidden credits available to lower your premiums when you buy insurance coverage online.

  • More Vehicles More Savings – Insuring multiple cars with the same auto insurance company can get a discount on all vehicles.
  • Auto/Life Discount – Companies who offer life insurance give a lower premium rate if you buy life insurance from them.
  • Save with a New Car – Buying insurance on a new vehicle can cost up to 25% less because newer models are generally safer.
  • Student Discount for Driver Training – Teen drivers should take driver’s ed class in high school.
  • Employee of Federal Government – Having worked for a branch of the government can save as much as 8% for CR-V coverage depending on your auto insurance provider.
  • Service Members Pay Less – Having a deployed family member can result in better premium rates.
  • Seat Belts Save more than Lives – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks off the medical payments premium.
  • Organization Discounts – Joining certain professional organizations can get you a small discount on your bill.
  • Safety Course Discount – Participating in a course in safe driver could possibly earn you a 5% discount and easily pay for the cost of the class.

Keep in mind that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like all those discounts means the company will pay you, auto insurance companies aren’t that generous.

The best auto insurance companies and a partial list of their discounts can be found below.

  • Geico has discounts for anti-theft, military active duty, five-year accident-free, daytime running lights, multi-vehicle, emergency military deployment, and air bags.
  • MetLife may have discounts that include good student, multi-policy, defensive driver, claim-free, accident-free, and good driver.
  • Progressive offers discounts including online quote discount, continuous coverage, online signing, homeowner, multi-vehicle, multi-policy, and good student.
  • Travelers offers premium reductions for payment discounts, save driver, hybrid/electric vehicle, continuous insurance, multi-policy, good student, and multi-car.
  • SAFECO has savings for drive less, multi-car, teen safety rewards, anti-theft, and bundle discounts.
  • AAA discounts include good student, education and occupation, multi-car, good driver, pay-in-full, and multi-policy.

Check with each insurance company which discounts you qualify for. Depending on the company, some discounts might not be offered on policies in your area. To see a list of insurers who offer auto insurance discounts, follow this link.

Why smart consumers pay less for Honda CR-V insurance

The best way to find cheaper insurance coverage is to take a look at the factors that come into play when calculating your insurance coverage rates. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with lower premium levels.

  • Careless drivers pay higher premiums – How you drive impacts premiums far more than you think. Even a single ticket may increase your cost substantially. Attentive drivers pay less for auto insurance than their less careful counterparts. Drivers who have severe violations like DUI or willful reckless driving may find they need to maintain a SR-22 with their state’s licensing department in order to legally drive.
  • Youthful drivers are expensive to insure – Older people are more cautious drivers, file fewer claims and get fewer tickets.Beginning drivers are proven to be careless and easily distracted when at the wheel of a vehicle and because of this, their insurance coverage rates are much higher.
  • Your credit rating is important – Having a bad credit rating is a large factor in calculating your insurance coverage rates. If your credit history is lower than you’d like, you could potentially save money when insuring your 2008 Honda CR-V by taking the time to improve your credit score. Consumers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores.
  • Raise coverage deductibles and save – Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your Honda. Some coverage claims could be colliding with a building, hail damage, and having your car stolen. Comprehensive and collision coverage deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more of the claim you choose to pay out-of-pocket, the bigger discount you will receive for CR-V coverage.

Which policy gives me the best coverage?

When it comes to buying the best insurance coverage coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions may help you determine if your situation may require specific advice.

  • Why am I required to get a high-risk car insurance policy?
  • Am I covered if I crash into my own garage door?
  • Is rental equipment covered for theft or damage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I have newly-aquired coverage?
  • Am I covered if I break a side mirror?
  • I don’t drive much so do I pay less?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Are insurance coverage companies telling the truth?

Respected companies like Geico, State Farm and Progressive endlessly run ads on TV and radio. They all seem to tend to make the same promise that drivers can save some big amount if you switch your coverage. It sounds good, but how can they all give you a better price? Here is how they do it.

Many companies give the best rates for the type of customer that will generate a profit. A good example of this type of insured might have to be a married male, insures multiple vehicles, and drives a safe vehicle. A customer getting a price quote who matches those parameters will get low car insurance rates and have a good chance to save when switching.

People who are not a match for these standards will be quoted a higher premium which translates to the customer buying from someone else. The wording the ads use say “customers that switch” not “all people who quote” save that much. That’s why insurance companies can make claims that they all have the best rates.

Because of this risk profiling, drivers must get a wide range of price quotes. It’s not possible to predict which insurance coverage company will give you lower prices than your current company.

Car insurance policy specifics

Having a good grasp of car insurance helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most car insurance policies.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for bills such as prosthetic devices, surgery, chiropractic care, pain medications and funeral costs. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your 2008 Honda CR-V.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive car insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like fire damage, vandalism, hitting a deer and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision protection

Collision coverage covers damage to your CR-V caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like hitting a mailbox, sustaining damage from a pot hole and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Liability coverages

Liability insurance protects you from injuries or damage you cause to other’s property or people. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things such as court costs, loss of income, structural damage and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Save your cold hard cash

You just learned a lot of techniques to shop for 2008 Honda CR-V insurance online. The most important thing to understand is the more quotes you get, the better likelihood of getting low cost insurance coverage. Consumers may even find the best premium rates are with an unexpected company. They can often insure niche markets at a lower cost than their larger competitors like State Farm, Geico and Nationwide.

Cheaper insurance coverage can be purchased from both online companies and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. A few companies do not offer rates over the internet and many times these small insurance companies sell through local independent agents.

For more information, take a look at the resources below: