Cheap 2018 Honda CR-V Car Insurance Rates

Trying to find better insurance rates for your Honda CR-V? Scraping up a payment for overpriced Honda CR-V insurance can dry up your personal savings and make it impossible to make ends meet. Comparing cost estimates can save money and help to make sure you’re not throwing money away.

Due to the fact that there are so many options when it comes to insurance, it is very difficult to pick a more affordable company.

It’s a great practice to get comparison quotes quite often because prices change frequently. Despite the fact that you may have had the lowest price on CR-V coverage two years ago you will most likely find a better rate quote today. You can find a lot of information about insurance on the internet, but you can learn some tested techniques to buy insurance cheaper.

More affordable rates by taking advantage of discounts

Companies that sell car insurance don’t always list all their discounts in a way that’s easy to find, so the next list breaks down both the well known and also the lesser-known discounts that may be available.

  • Claim-Free Discount – Drivers who stay claim-free get the best insurance coverage rates when compared with frequent claim filers.
  • Save with a New Car – Putting coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Passive Restraint Discount – Cars that have air bags could see savings of 20 to 30 percent.
  • Professional Organizations – Affiliation with a civic or occupational organization could qualify you for a break on insurance coverage.
  • Government Employee Discount – Active or retired federal employment could qualify for a slight premium decrease on CR-V coverage depending on your company.
  • Accident Waiver – but certain companies allow you one accident without the usual rate increase so long as you are claim-free prior to the accident.
  • Good Student Discount – A discount for being a good student may save you up to 25%. Many companies even apply the discount to college students until age 25.
  • Pay Early and Save – By paying your entire bill at once instead of paying each month you can avoid the installment charge.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Some only apply to specific coverage prices like liability, collision or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

To find insurers with the best discounts, click here.

How much insurance do I need?

When choosing the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that can aid in determining if you would benefit from professional advice.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What are the financial responsibility laws in my state?
  • Does my insurance cover my expensive audio equipment?
  • Am I insured when driving a different vehicle?
  • Do I need motorclub coverage?
  • What discounts do I qualify for?
  • What is an SR-22 filing?
  • Is business equipment covered while in my vehicle?
  • Should I waive the damage coverage when renting a car?

If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

What insurance coverages do you need?

Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. These are the normal coverages found on the average insurance policy.

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as hitting a bird, a broken windshield, hail damage, damage from getting keyed and falling objects. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Honda CR-V.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Collision insurance

Collision insurance covers damage to your CR-V from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for things like X-ray expenses, ambulance fees, doctor visits, EMT expenses and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability

This coverage provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as medical services, loss of income, funeral expenses, court costs and bail bonds. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

A fool and his money are soon parted

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There are many occasions where someone sacrificed collision coverage only to find out they didn’t have enough coverage. The goal is to get the best coverage possible at the best possible price, but do not skimp to save money.

More affordable car insurance can be purchased both online in addition to many insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not provide online price quotes and these regional carriers prefer to sell through independent agencies.

For more information, link through to these articles: