Save on 2016 Honda CR-Z Insurance Rates

Searching for the cheapest insurance rates for your Honda CR-Z? Locating the cheapest insurance for your Honda CR-Z can turn out to be an all-consuming task, but you can use our insurance buying tips to find lower rates.

There is a better way to find insurance online so you’re going to learn the proper way to price shop coverage for your Honda and find the lowest possible price from local insurance agents and online providers.

You need to compare premium rates quite often because insurance prices trend upward over time. Even if you got the lowest quotes for CR-Z insurance at your last renewal there may be better deals available now. Block out anything you think you know about insurance because we’re going to demonstrate the best methods to properly buy coverages while reducing your premium.

Buying affordable auto insurance coverage can be fairly easy. If you have insurance now or need new coverage, you can learn to cut your premiums and possibly find even better coverage. Consumers just need to learn the proper way to find the lowest price over the internet.

Save with these premium-slashing discounts

Properly insuring your vehicles can get expensive, but companies offer discounts that may help make it more affordable. A few discounts will automatically apply when you quote, but less common discounts must be inquired about before they will apply. If you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.

  • No Accidents – Claim-free drivers can save substantially as opposed to insureds who have frequent claims or accidents.
  • Service Members Pay Less – Having an actively deployed family member can result in better insurance rates.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle up before driving can save a little off the personal injury premium cost.
  • Resident Student – Youth drivers living away from home attending college and leave their car at home can be insured at a reduced rate.
  • Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Accident Forgiveness Coverage – but a few companies such as Geico and Liberty Mutual will turn a blind eye to one accident without raising rates if your claims history is clear for a certain period of time.
  • Cautious Drivers – Safe drivers may receive a discount up to 45% for CR-Z insurance as compared to drivers with claims.

Remember that most credits do not apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, it’s just not the way it works.

For a list of providers that have a full spectrum of discounts, follow this link.

How insurance companies calculate Honda CR-Z insurance premiums

Many things are considered when you quote your car insurance policy. Most are fairly basic such as your driving record, although others are more obscure such as whether you are married or how financially stable you are.

The list below includes most of the major factors that factor into your prices.

  • Low comp and collision deductibles mean high prices – Your deductibles are the amount of money you are willing to pay if a claim is determined to be covered. Protection for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Examples of covered claims could be a windshield broken by a bird, damage caused by hail, and damage caused by road hazards. The larger the amount you choose to pay out-of-pocket, the less money you will pay for insurance for CR-Z insurance.
  • Deter vehicle theft – Purchasing a vehicle with advanced anti-theft systems can get you a discount on your insurance. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent your vehicle from being stolen.
  • Don’t skimp on liability – The liability coverage on your policy is the coverage that protects you in the event that you are ruled to be at fault for personal injury or accident damage. Your policy’s liability insurance provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • File a claims and pay more – If you’re an insured who likes to file claims you should expect either higher rates or even cancellation. Auto insurance companies award discounts to drivers who only file infrequent claims. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Male costs may be higher – Over the last 30 years, statistics show females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Women and men have fender benders in similar percentages, but men get into accidents with more damage. Men also get higher numbers of serious violations like DUI and reckless driving. Young males generally have the highest accident percentage and are penalized with high insurance rates.

Do I need special coverages?

When it comes to buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different.

For example, these questions might help in determining if your situation would benefit from an agent’s advice.

  • Is my babysitter covered when using my vehicle?
  • Am I covered if my car is in a flood?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I need motorclub coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When does my teenage driver need to be added to my policy?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Does my insurance cover my expensive audio equipment?
  • Will I lose any money if I cancel my policy before it expires?

If you’re not sure about those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can help protect your family.

Advertising myths

Consumers can’t get away from ads that claim the best rates from companies such as Progressive, Geico, Allstate and State Farm. They all seem to state the claim about how much you will save if you change to their company.

How is it plausible that every one can say the same thing? Here is the trick they use.

Different companies have a preferred profile for the type of driver that makes them money. A good example of this type of risk profile should be a female over age 40, has had continuous coverage, and drives a safe vehicle. Any driver that hits that “sweet spot” will probably get cheap premium rates and is almost guaranteed to save a lot of money.

Insureds who fall outside this stringent profile will probably be forced to pay a higher premium and this can result in business going elsewhere. If you listen to the ad wording, they say “customers who switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can make the claims of big savings.

This really emphasizes why you absolutely need to quote coverage with many companies. It’s just too difficult to predict with any certainty which company will have the best prices.

Insurance policy coverages for a Honda CR-Z

Knowing the specifics of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Honda CR-Z.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Auto collision coverage

Collision insurance covers damage to your CR-Z resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as sideswiping another vehicle, scraping a guard rail, hitting a mailbox, colliding with a tree and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as funeral costs, dental work, X-ray expenses and pain medications. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability

Liability insurance provides protection from damage that occurs to a person or their property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like legal defense fees, emergency aid, bail bonds, loss of income and pain and suffering. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Shop around and save

While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. In too many instances, an accident victim reduced liability limits or collision coverage to discover at claim time that it was a big mistake. The goal is to buy enough coverage at the best price, but don’t skip important coverages to save money.

People change insurance companies for any number of reasons including delays in responding to claim requests, being labeled a high risk driver, an unsatisfactory settlement offer or unfair underwriting practices. Regardless of your reason for switching companies, finding a new car insurance company is actually quite simple.

Lower-priced car insurance is attainable on the web and from local insurance agents, and you should compare rates from both to get a complete price analysis. A few companies may not provide online rate quotes and these regional insurance providers provide coverage only through independent agencies.

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