Lower Your 2016 Honda CR-V Insurance Rates

Searching for the lowest price insurance over the internet can appear to be problematic for people who are new to comparing rates online. With such a large choice of companies, how are people able to possibly compare each option to find cheaper insurance prices?

You need to compare prices periodically because insurance prices change quite often. If you had the lowest price for CR-V coverage a couple years back you will most likely find a better rate today. Block out anything you think you know about insurance because you’re about to find out one of the quickest ways to reduce your cost while improving coverage.

If you have car insurance now, you will be able to cut costs considerably using these tips. Locating cheaper insurance is quite easy. Although consumers can benefit by having an understanding of the methods companies use to market on the web and apply this information to your search.

Compare quotes for insurance coverage

The majority of larger companies like State Farm, Allstate and Geico allow you to get coverage prices directly from their websites. Getting online quotes is quite easy because it’s just a matter of typing in your required coverages on the page. After the form is submitted, their quoting system sends out for reports for credit and driving violations and generates pricing information.

This helps simplify price comparisons, but the time required to go to many different websites and type in the same data can be a bit repetitive. But it’s absolutely necessary to do this in order to get lower prices.

Rate comparisons made easy

The quickest way to find better insurance coverage pricing utilizes a single form that obtains quotes from a bunch of companies at once. It saves time, reduces the work, and makes quoting online much more enjoyable and efficient. After sending the form, it is rated and you can choose any of the price quotes you receive.

If one or more price quotes are lower than your current rates, you simply finish the application and buy the new coverage. It only takes a few minutes and you’ll know if lower rates are available.

To save time and use this form to compare rates, click here to open in a new tab and enter your information. If you have coverage now, it’s recommended that you enter the coverages as close as possible to your current policy. Doing this guarantees you’re receiving rate quotes for exact coverage.

Save money by earning discounts

Not many people think insurance is cheap, but you might be missing out on some discounts that may help make it more affordable. Many discounts should be triggered at quote time, but some need to be asked for before they will apply.

  • Good Student – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • No Charge for an Accident – Not necessarily a discount, but companies like Geico and Allstate allow you one accident without getting socked with a rate hike so long as you are claim-free prior to being involved in the accident.
  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save a little on medical payment and PIP coverage.
  • Club Memberships – Having an affiliation with certain professional organizations may earn a discount on auto insurance.
  • Accident Free – Insureds with no claims or accidents get the best auto insurance rates as opposed to bad drivers.

As a sidenote, some credits don’t apply the the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates all the discounts add up to a free policy, you’re out of luck.

Large auto insurance companies and some of the premium reductions they offer are outlined below.

  • State Farm may offer discounts for driver’s education, safe vehicle, passive restraint, defensive driving training, multiple policy, and accident-free.
  • Geico may include discounts for daytime running lights, anti-lock brakes, good student, membership and employees, and driver training.
  • SAFECO policyholders can earn discounts including teen safe driver, safe driver, teen safety rewards, drive less, and homeowner.
  • Farmers Insurance has savings for youthful driver, switch companies, good student, alternative fuel, bundle discounts, pay in full, and distant student.
  • AAA includes discounts for good driver, pay-in-full, anti-theft, multi-car, good student, multi-policy, and AAA membership discount.
  • USAA offers discounts for safe driver, multi-policy, military installation, new vehicle, and vehicle storage.

Check with all companies you are considering how you can save money. Depending on the company, some discounts might not be offered in every state. If you would like to see a list of auto insurance companies who offer free auto insurance quotes, click this link.

Components of your Honda CR-V insurance costs

A large part of saving on car insurance is knowing a few of the rating criteria that come into play when calculating your premiums. When consumers understand what influences your rates, this helps enable you to make changes that can earn you lower premium levels. Lots of things are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but others are less obvious like where you live or your vehicle rating.

  • Big cities have higher costs – Having an address in smaller towns and rural areas of the country can be a good thing when insuring your vehicles. Less people living in that area means reduced accidents as well as less vandalism and auto theft. Drivers in populated areas have to deal with traffic congestion and a longer drive to work. More time commuting means more chance of being in an accident.
  • Save by driving vehicles with better crash test results – Safer cars are cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and fewer serious injuries means less money paid by your insurance company which can mean better rates for you. If your Honda earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • What are your coverage deductibles? – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Honda. Some coverage claims could be a windshield shattered by a rock, hail damage, and rolling your vehicle. Your deductibles tell how much the insured will be required to pay if the claim is covered. The more of the claim you are required to pay out-of-pocket, the less money you will pay for car insurance for CR-V coverage.
  • Good credit means lower costs – Having a bad credit score is likely to be a major factor in your rate calculation. Drivers who have good credit tend to be better drivers and file fewer claims than drivers with poor credit. Therefore, if your credit rating is low, you could pay less to insure your 2016 Honda CR-V by improving your rating.
  • Do you really need the add-on coverages? – There are quite a few extra coverages that sound like a good idea at the time if you aren’t careful. Things like coverage for rental cars, accidental death, and extra equipment coverage are examples of these. They may seem good at first, but if they’re wasting money eliminate them to save money.
  • Annual mileage impacts rates – Driving a lot of miles in a year the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based on their usage. Cars and trucks used primarily for pleasure use can get a lower rate than those used for commuting. Having the wrong rating on your CR-V may be costing you higher rates. It’s a good idea to make sure your policy shows the right rating data.
  • Cheaper rates by combining – Most larger companies allow discounts to insureds that purchase more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, consumers should still compare rates to help guarantee you have the best rates.
  • Why do you need liability insurance? – The liability coverage on your policy provides coverage if you are ruled to be at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.

Your car insurance coverage should be tailored to you

When it comes to buying adequate coverage, there really is not a perfect coverage plan. Everyone’s situation is unique.

For instance, these questions could help you determine if you might need an agent’s assistance.

  • Is my custom paint covered by insurance?
  • Should I have a commercial auto policy?
  • Do I have coverage when pulling a U-Haul trailer?
  • What if I owe more than I can insure my car for?
  • Which companies will insure high-risk drivers?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • How many claims can I have before being cancelled?

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 lower rates from a local agent, take a second and complete this form.

Don’t be fooled by advertising claims

Big name companies like State Farm, Allstate and Geico continually stream ads on television and other media. They all seem to make the same claim about how much you will save after switching your coverage. But how can every company give you a lower rate? It’s all in the words they use.

All the different companies look for specific characteristics for the type of customer that will not have excessive claims. An example of this type of driver might be described as a married female, has had continuous coverage, and drives a vehicle with a low ISO rating. Someone who matches those parameters may get the lowest premium rates and most likely will save money with a new company.

Potential insureds who fall short of the “perfect” profile will get higher premiums with the end result being business going elsewhere. The ads state “customers who switch” but not “all drivers who get quotes” will save that much if they switch. That’s why insurance companies can confidently make those statements.

Because every company is different, it’s extremely important to compare quotes as often as possible. It is just not possible to predict with any certainty which company will have the best premium rates.

Car insurance coverages 101

Having a good grasp of your car insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Liability car insurance

This coverage protects you from injuries or damage you cause to people or other property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims like emergency aid, pain and suffering, repair costs for stationary objects, medical expenses and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Collision insurance

Collision insurance will pay to fix damage to your CR-V resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a mailbox, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda CR-V.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for chiropractic care, prosthetic devices and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, damage from a tornado or hurricane, a tree branch falling on your vehicle and vandalism. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

One last thing

People change insurance companies for a number of reasons such as extreme rates for teen drivers, not issuing a premium refund, high rates after DUI convictions or even lack of trust in their agent. Regardless of your reason for switching companies, finding a great new company is easier than you think.

Budget-conscious 2016 Honda CR-V insurance can be bought on the web and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. Some auto insurance companies don’t offer the ability to get a quote online and many times these small, regional companies only sell through independent agents.

When searching for cheaper auto insurance quotes, make sure you don’t buy less coverage just to save a little money. There have been many cases where drivers have reduced liability coverage limits only to regret that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at the best cost.

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