How Much Does 2002 Honda CR-V Car Insurance Cost?

Trying to find cheaper insurance coverage rates for your Honda CR-V? If price shopping insurance quotes online is new to you, chances are good that you are confused thanks to the huge assortment of local and online companies that all say they have the best rates.

Five things that affect your insurance costs

A large part of saving on auto insurance is knowing the rating factors that help calculate the level of your policy premiums. When consumers understand what determines base rates, this helps enable you to make changes that could result in better auto insurance rates.

The following are some of the things that factor into your premiums.

• Credit score impact auto insurance premiums – Your credit history is likely to be a major factor in calculating your auto insurance rates. Consumers who have high credit scores tend to file fewer claims and have better driving records than those with lower credit scores. If your credit history can be improved, you could potentially save money when insuring your 2002 Honda CR-V by taking the time to improve your credit score.
• Women tend to take less risk – Over the last 50 years, statistics have shown that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. Males and females cause fender benders in similar percentages, but guys cause more damage and cost insurance companies more money. They also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.
• Vehicles with better crash test results impact premiums – Buying a car with anti-theft technology or alarm system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent vehicle theft.
• Teenagers are high risk – Older drivers have been proven to be more responsible, statistically cause fewer accidents and receive fewer citations.Teenage drivers have been known to get distracted easily when driving with friends so auto insurance rates are higher.
• High comp and collision deductibles equal low rates – Protection for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Examples of some claims that would be covered are a broken windshield, damage caused by hail, and damage caused by flying debris. Deductibles for physical damage define how much you are willing to pay in the event of a claim. The more damage repair cost you are required to pay out-of-pocket, the lower your rates will be for CR-V insurance.

Insurance Coverage Discounts

Not many people think insurance is cheap, but there could be significant discounts that could drop your premiums quite a bit. Most are applied at quote time, but once in a while a discount must be asked about before you get the savings.

• Drivers Ed for Students – Teen drivers should take driver’s ed class if offered at their school.
• Waiver for an Accident – Not a discount per se, but companies like State Farm and Geico allow you one accident before they charge you more for coverage if your claims history is clear for a particular time prior to the accident.
• Theft Deterent System – Anti-theft and alarm system equipped vehicles help deter theft and therefore earn up to a 10% discount.
• Accident-Free Discounts – Good drivers with no accidents can save substantially when compared to bad drivers.
• Sign Online – A handful of insurance companies will provide an incentive for buying your policy on your computer.
• Employee of Federal Government – Active or former government employment could qualify for a slight premium decrease for CR-V insurance with a few insurance coverage companies.
• Discount for Low Mileage – Driving less could qualify for slightly better premium rates than normal.

As is typical with insurance, many deductions do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

A few popular companies and their offered discounts can be read below.

• Geico offers discounts including multi-vehicle, driver training, membership and employees, good student, and daytime running lights.
• USAA includes discounts for safe driver, driver training, multi-policy, multi-vehicle, loyalty savings, vehicle storage, and new vehicle.
• Progressive offers premium reductions for multi-vehicle, homeowner, good student, multi-policy, online signing, and online quote discount.
• American Family may include discounts for early bird, Steer into Savings, multi-vehicle, mySafetyValet, accident-free, and bundled insurance.
• Esurance policyholders can earn discounts including multi-car, defensive driver, renters, emergency road assistance, DriveSense, and homeowner.
• Farmers Insurance may offer discounts for switch companies, multi-car, business and professional, bundle discounts, teen driver, mature driver, and youthful driver.
• State Farm offers discounts for driver’s education, student away at school, multiple policy, multiple autos, defensive driving training, accident-free, and passive restraint.

If you need cheaper insurance quotes, ask all the companies how you can save money. Savings may not be available in every state.

Are insurance coverage companies telling the truth?

Companies like Progressive, Geico, Allstate and State Farm endlessly run ads on TV and radio. They all seem to have a common claim of big savings if you switch your policy. It sounds good, but how can they all offer you a better deal? This is the way they can do it.

Many companies have specific characteristics for the type of driver that will most likely be profitable. For instance, a driver they prefer might be a mature driver, has no claims, and insures a new vehicle. A customer who meets those qualifications receives the best rates and is almost guaranteed to save a lot if they switch.

Potential insureds who cannot meet the ideal profile will see a more expensive rate and this can result in the customer buying from someone else. The ad wording is “customers who switch” not “all people who quote” save that much. That’s why companies can claim big savings.

This really emphasizes why you should compare many company’s premium rates. Because you cannot predict which insurance coverage company will provide the lowest car insurance rates.

Tailor your insurance coverage to you

When buying coverage, there is no cookie cutter policy. Every situation is different.

Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

• Who is covered by my policy?
• Is motorclub coverage worth it?
• What if I don’t agree with a claim settlement offer?
• Does my 2002 Honda CR-V need full coverage?
• Why does it cost so much to insure a teen driver?
• Can I get a multi-policy discount?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Car insurance 101

Having a good grasp of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive coverage

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a bird, hail damage, falling objects, damage from flooding and a broken windshield. The most 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.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like hospital visits, prosthetic devices and surgery. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with a tree, hitting a parking meter and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Honda CR-V.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

Liability insurance provides protection from damage that occurs to a person or their property by causing an accident. It protects YOU from legal claims by others, 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. Your policy might show limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. 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 insurance covers things such as attorney fees, funeral expenses, structural damage, pain and suffering and bail bonds. 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.

A fool and his money are soon parted

You just read quite a bit of information on how to lower your 2002 Honda CR-V insurance car insurance rates. The most important thing to understand is the more quotes you get, the better likelihood of getting inexpensive insurance. You may even discover the best car insurance rates are with a company that doesn’t do a lot of advertising.

Lower-priced insurance is attainable from both online companies and from local insurance agents, so you need to quote insurance with both so you have a total pricing picture. Some companies may not offer the ability to get a quote online and most of the time these regional carriers work with independent insurance agencies.

People switch companies for a variety of reasons including high rates after DUI convictions, lack of trust in their agent, being labeled a high risk driver and even denial of a claim. Whatever your reason, finding the right insurance provider is less work than it seems.

Additional information

• Get the Right Protection (InsureUonline.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Collision Insurance Coverage (Nationwide)