View 2004 Honda CR-V Insurance Rates

Looking for better insurance coverage rates for your Honda CR-V? Having to pay for high-priced Honda CR-V insurance can draw down your checking account and make it impossible to make ends meet. Comparing cost estimates is a great way to make sure you’re not throwing money away.

Insurance companies such as Geico, Progressive and Allstate promote their brand names with fancy advertisements and it is difficult to ignore the flashy ads and do the work needed to find the best deal.

It’s a great practice to do price comparisons every six months because rates are usually higher with each renewal. Just because you had the lowest premium rates for CR-V coverage two years ago you can probably find a lower rate today. Block out anything you think you know about insurance coverage because you’re about to learn the fastest and easiest way to find better rates and still maintain coverage.

Get cheaper car insurance with discounts

Not too many consumers would say car insurance is affordable, but you might be missing out on some discounts to help bring down the price. Larger premium reductions will be automatically applied at quote time, but less common discounts must be asked about in order for you to get them. If you’re not getting every credit available, you’re just leaving money on the table.

• Professional Organizations – Having an affiliation with specific professional or occupational memberships or organizations can get you a small discount on car insurance.
• First Accident Forgiveness – Not a discount per se, but companies like Geico and Allstate will forgive one accident without raising rates so long as you haven’t had any claims prior to being involved in the accident.
• Save with More Vehicles Insured – Buying coverage for multiple vehicles with one company can reduce rates for all insured vehicles.
• Good Student Discount – Excelling in school can get you a discount of up to 25%. The discount lasts well after school through age 25.
• E-sign – Certain car insurance companies give back up to $50 for buying a policy and signing up on the web.
• Discount for Passive Restraints – Options like air bags or automatic seat belts can receive discounts up to 30%.
• Distant Student Discount – Youth drivers who attend college more than 100 miles from home and don’t have a car can be insured at a reduced rate.
• Sign Early and Save – A few companies allow discounts for switching policies prior to your current policy expiring. You may see this discount when you get auto insurance quotes online.
• Drivers Ed for Students – Have your child enroll in driver’s education if offered at their school.
• Homeowners Savings – Owning your own home or condo may earn you a small savings due to the fact that maintaining a home means you have a higher level of financial diligence.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, it just doesn’t work that way. Any qualifying discounts will reduce the premium cost.

Larger car insurance companies and some of their more popular discounts are included below.

• Geico policyholders can earn discounts including seat belt use, multi-vehicle, anti-lock brakes, membership and employees, five-year accident-free, and federal employee.
• Auto-Owners Insurance discounts include paid in full, mature driver, anti-theft, paperless, anti-lock brakes, and safe vehicle.
• American Family may have discounts that include good driver, multi-vehicle, Steer into Savings, TimeAway discount, and good student.
• Esurance has savings for anti-lock brakes, multi-policy, defensive driver, paid-in-full, DriveSense, Pac-12 alumni, and Switch & Save.
• Progressive includes discounts for multi-policy, continuous coverage, good student, homeowner, online signing, and multi-vehicle.
• State Farm offers premium reductions for student away at school, driver’s education, defensive driving training, Steer Clear safe driver discount, multiple policy, accident-free, and passive restraint.
• AAA may include discounts for good driver, anti-theft, good student, AAA membership discount, and multi-policy.

When comparing rates, check with all companies you are considering which discounts they offer. Discounts might not apply in your area. If you would like to choose from a list of providers who offer cheap car insurance quotes, click here.

Insurance rates are influenced by these factors

Multiple criteria are part of the calculation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but others are less apparent such as whether you are married or your vehicle rating.

The itemized list below are just a few of the factors that factor into your rates.

• Add-on coverages are wasting money – There are quite a few additional coverages that you can buy if you aren’t diligent. Insurance for rental car reimbursement, death and dismemberment, and term life insurance may not be needed and are just wasting money. These may sound like a good investment at first, but your money might be better spent on other coverage so eliminate them to save money.
• Higher rates for coverage lapses – Going without insurance is a sure-fire way to trigger a rate increase. And not only will insurance be more expensive, being ticketed for driving with no insurance can result in a revoked license or a big fine. You may have to file a SR-22 with your state motor vehicle department.
• Driving citations are costly – Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Getting just one speeding ticket or other violation can boost insurance rates twenty percent or more. Drivers who have gotten dangerous violations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
• Deter vehicle theft – Purchasing a vehicle with advanced anti-theft systems can help lower your rates. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent car theft.
• Male rates may be higher – Statistics have proven women tend to be less risk to insure than men. It does not mean men are worse drivers. They both have auto accidents in similar percentages, but guys tend to have more serious accidents. Men also tend to receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
• More annual miles equals more premium – Driving more miles in a year’s time the more it will cost to insure it. The majority of insurers charge to insure your cars partially by how you use the vehicle. Autos that do not get driven very much receive better premium rates than those that get driven frequently. Having an incorrect usage rating on your CR-V can cost quite a bit. Verify your vehicle rating is rated on the correct driver usage, because improper ratings can cost you money.
• Five star IIHS safety rating saves money – Cars with five star safety ratings are cheaper to insure. These vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Honda CR-V is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.

Tailor your auto insurance coverage to you

When buying the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions could help you determine if your situation would benefit from an agent’s advice.

• When do I need to add a new car to my policy?
• Does medical payments coverage apply to all occupants?
• Which companies will insure high-risk drivers?
• How much liability do I need to cover my assets?
• Am I missing any policy discounts?
• Should I bundle my homeowners policy with my auto?
• How high should my medical payments coverage be?
• What is the rate difference between pleasure use and commuting?
• Should I have combined single limit or split liability limits?
• Does coverage extend to a rental car in a foreign country?

If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Truth in insurance coverage advertising

Drivers can’t escape the ads for the lowest price insurance coverage by 21st Century, Allstate and State Farm. They all seem to make the promise about how much you will save if you switch your insurance coverage coverage to their company.

Is it even possible that every company can sell you cheaper insurance coverage? This is the trick they use.

All companies have an ideal profile for the type of insured that makes them money. A good example of a profitable insured may be over the age of 40, has a clear driving record, and chooses high deductibles. Anyone who fits those characteristics will get very good rates and will save quite a bit of money when switching.

Potential customers who do not meet this ideal profile must pay higher rates and this results in the customer not buying. If you listen to the ad wording, they say “people that switch” not “everyone that quotes” save that much money. That’s the way companies can truthfully state the savings. This really emphasizes why you need to compare free auto insurance quotes often. It’s not possible to predict which insurance coverage company will fit your personal profile best.

Insurance coverage breakdown

Understanding the coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Honda CR-V.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability insurance

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. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as repair bills for other people’s vehicles, emergency aid, court costs, structural damage and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like falling objects, rock chips in glass, hitting a deer and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like hospital visits, nursing services, ambulance fees and X-ray expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with another moving vehicle, crashing into a building, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

More effort can pay off

In this article, we covered many tips how you can reduce 2004 Honda CR-V insurance rates online. The key concept to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the lowest rates come from a lesser-known regional company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.

Some car insurance companies may not have rate quotes online and usually these small insurance companies only sell through independent insurance agents. Discount 2004 Honda CR-V insurance can be purchased both online in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from.

Additional information is available below:

• Auto Crash Statistics (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)
• A Tree Fell on Your Car: Now What? (Allstate)
• Avoiding Deer Collisions (Insurance Information Insitute)
• Teen Driving Statistics (iihs.org)