View 2013 Honda CR-Z Car Insurance Rates

Are you kicking yourself for buying an expensive car insurance policy? Don’t sweat it because there are many drivers thinking the same thing.

Since vehicle owners have many options when it comes to car insurance, it can be diffult for drivers to choose the best car insurance provider.

You should take the time to compare rates yearly due to the fact that insurance prices tend to go up over time. Even if you think you had the best deal on CR-Z insurance a year ago you will most likely find a better premium rate today. Ignore everything you know about car insurance because you’re about to learn the best way to eliminate unnecessary coverages and save money.

Cheap car insurance

When shopping for car insurance there are multiple ways of comparing rate quotes from different companies. The quickest method to comparison shop is to get quotes online. This is very easy and can be done in a couple of different ways.

  • One of the fastest ways to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This style of form saves time by eliminating separate forms for each company you want a rate for. In just a few minutes this one form gets coverage cost estimates from many national carriers.
  • A less efficient way to find better pricing is to take the time to go to each individual company website to complete a price quote. For example, we’ll assume you need rates from Progressive, Allstate and American Family. To do that, you would have to visit each site and punch in your information repeatedly, which can be really labor intensive.

    To view a list of companies in your area, click here.

The method you choose is up to you, but double check that you are using nearly identical coverages with each company. If your comparisons have mixed coverages you will not be able to determine which company has the best rates. Just slight variations in coverage limits can make a big difference in price. Just keep in mind that comparing all the rates in your area will enable you to find more affordable rates. Some insurance companies are not set up to provide rate quotes online, so you need to compare quotes on coverage from those companies, too.

Are you receiving every discount?

Auto insurance companies don’t always publicize the complete list of policy discounts in an easy-to-find place, so the following list contains both the well known and also the more inconspicuous credits that may apply to you. If you check and find you aren’t receiving every discount possible, you are not getting the best rate possible.

  • Good Student – Excelling in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
  • Responsible Driver Discount – Accident-free drivers can pay as much as 50% less on CR-Z insurance than less cautious drivers.
  • Paper-free Discount – A handful of larger companies will give a small break simply for signing on their website.
  • Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
  • Anti-theft System – Cars and trucks with anti-theft systems are stolen with less frequency so companies will give you a small discount.
  • Driving Data Discount – Drivers who elect to allow companies to track driving habits by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they are good drivers.
  • Safety Restraint Discount – Forcing all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.

A little note about advertised discounts, some credits don’t apply the the whole policy. Some only apply to specific coverage prices like liability, collision or medical payments. Even though the math looks like all the discounts add up to a free policy, insurance coverage companies aren’t that generous. Any qualifying discounts should help lower the cost of your policy.

A few popular companies and some of the premium reductions they offer can be found below.

  • Geico policyholders can earn discounts including military active duty, anti-lock brakes, anti-theft, federal employee, and daytime running lights.
  • Mercury Insurance includes discounts for type of vehicle, age of vehicle, ease of repair, low natural disaster claims, location of vehicle, and multi-policy.
  • Farmers Insurance may include discounts for electronic funds transfer, switch companies, multi-car, good student, bundle discounts, and homeowner.
  • Auto-Owners Insurance offers discounts including safe driver, company car, paperless, student away at school, group or association, and good student.
  • Liberty Mutual may offer discounts for good student, new move discount, preferred payment discount, newly retired, and multi-car.
  • SAFECO has savings for safe driver, anti-lock brakes, homeowner, multi-car, teen safe driver, teen safety rewards, and accident prevention training.
  • Progressive has discounts for multi-vehicle, online quote discount, online signing, good student, and homeowner.
  • USAA offers premium reductions for safe driver, multi-vehicle, good student, loyalty savings, driver training, annual mileage, and multi-policy.

When getting a coverage quote, ask every insurance company the best way to save money. Some discounts may not be available everywhere. If you would like to see a list of companies with significant discounts, follow this link.

When in doubt talk to an agent

When buying proper insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions may help highlight whether you would benefit from professional advice.

  • Am I getting all the discounts available?
  • Are my tools covered if they get stolen from my vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • I have health insurance so do I need medical payments coverage?
  • How high should my medical payments coverage be?
  • Does my insurance cover a custom paint job?
  • What can I do if my company denied a claim?
  • What exactly is covered by my policy?
  • Should I get collision insurance on every vehicle?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Smart buyers can reduce their insurance rates

Many different elements are taken into consideration when you quote your car insurance policy. Some are obvious such as traffic violations, but other criteria are more transparent such as your credit history or your commute time.

  • Frequent claims will increase rates – Insurance companies award the best rates to policyholders who only file infrequent claims. If you file a lot of claims you can look forward to higher premiums or even policy non-renewal. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Getting married is a good thing – Getting married may save some money on your policy. Having a spouse translates into being more mature than a single person and insurance companies like that married drivers tend to file fewer claims.
  • Infrequent drivers can save – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies calculate prices determined by how the vehicle is used. Cars and trucks not used for work or commuting get more affordable rates than those used for commuting. Having an incorrect usage rating on your CR-Z is just wasting money. Ask your agent if your policy is rated on the correct usage, because improper ratings can cost you money.
  • Women pay lower costs – Statistics show females are less aggressive when driving. That doesn’t necessarily mean that females are better at driving than males. Females and males have fender benders at a similar rate, but men cause more damage and cost insurance companies more money. They also get higher numbers of serious violations like reckless driving and DUI.
  • Rural areas have lower prices – Residing in smaller towns and rural areas of the country has it’s advantages when it comes to car insurance. People who live in big cities have more road rage incidents and higher rates of accident claims. Less people means a lower chance of having an accident and lower theft and vandalism rates.
  • Amount of liability – Liability coverage will afford coverage if you are found to be at fault for damages from an accident. Liability insurance provides legal defense which can be incredibly expensive. It is affordable coverage when compared with rates for comp and collision, so do not skimp.

Buyer beware of auto insurance advertising tricks

Allstate and Progressive continually stream television and radio advertisements. They all seem to make the promise about saving some big amount just by moving your coverage to them. How do they all sell you cheaper insurance coverage? Here is the trick they use.

Insurance providers have specific guidelines for the type of driver that earns them a profit. For example, this type of risk profile might be between the ages of 30 and 50, has no claims, and has a short commute. A customer getting a price quote who meets those qualifications will probably get the lowest car insurance rates and will also save when they switch companies.

People who do not meet the ideal profile will have to pay higher premium rates which results in the customer buying from someone else. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” can save as much as they claim. That is how insurance companies can advertise the way they do. Different companies use different criteria so you should compare free insurance coverage quotes often. Because without a comparison, you cannot know with any certainty which company will give you the biggest savings.

Auto insurance coverage information

Having a good grasp of a auto insurance policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are the normal coverages offered by auto insurance companies.

Collision coverage protection

Collision coverage covers damage to your CR-Z resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like hitting a parking meter, backing into a parked car, colliding with a tree and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Honda CR-Z.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Liability coverages

This coverage provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: 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 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as court costs, repair costs for stationary objects, attorney fees, pain and suffering and bail bonds. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for rehabilitation expenses, doctor visits and funeral costs. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as falling objects, damage from flooding and rock chips in glass. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Shop. Compare. Save.

We covered a lot of information how to save on 2013 Honda CR-Z insurance. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Consumers could even find that the best price on insurance coverage is with a small local company. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Geico and State Farm.

When getting insurance coverage quotes online, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where an insured cut liability coverage limits only to regret at claim time that they should have had better coverage. The aim is to get the best coverage possible at the best price, not the least amount of coverage.

Additional insurance coverage information is available below: