How Much Does 2014 Honda CR-Z Insurance Cost?

Looking for lower car insurance rates for your Honda CR-Z? Did you come to the realization that you have an overpriced car insurance policy? Trust us when we tell you many consumers feel financially strained by their car insurance policy.

You have so many insurers to pick from, and even though it’s nice to have multiple companies, it can be more challenging to compare rates and find the lowest cost car insurance.

Consumers need to compare premium rates before your policy renews since insurance prices are constantly changing. Just because you found the best quotes on CR-Z insurance a few years ago you may be paying too much now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to one of the easiest ways to eliminate unnecessary coverages and save money.

Don’t miss with these discounts

Companies that sell car insurance don’t always advertise every policy discount in a way that’s easy to find, so here is a list both the well known in addition to some of the lesser obvious car insurance savings. If you do not check that you are getting every discount you qualify for, you are paying more than you should be.

• Senior Citizens – Older drivers may receive a slight reduction on a car insurance quote on CR-Z insurance.
• Cautious Drivers – Drivers without accidents can get discounts for up to 45% lower rates on CR-Z insurance than drivers with accident claims.
• Pay Upfront and Save – By making one initial payment rather than paying monthly you may have a lower total premium amount.
• Multiple Policy Discount – If you insure your home and vehicles with the same company you may save over 10 percent off each policy depending on the company.
• Own a Home – Owning your own home or condo can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• No Claims – Insureds with no claims or accidents can earn big discounts when compared to bad drivers.
• Defensive Driving Course – Passing a driver safety course could cut 5% off your bill if you qualify.

You should keep in mind that some credits don’t apply the the whole policy. Most only reduce specific coverage prices like liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

A list of car insurance companies and their offered discounts can be read below.

• 21st Century has discounts for student driver, theft prevention, homeowners, defensive driver, driver training, anti-lock brakes, and teen driver.
• Progressive may include discounts for good student, multi-vehicle, homeowner, online quote discount, and online signing.
• State Farm discounts include defensive driving training, Steer Clear safe driver discount, good driver, safe vehicle, and multiple policy.
• Nationwide offers premium reductions for accident-free, easy pay, business or organization, family plan, Farm Bureau membership, and anti-theft.
• Esurance may have discounts that include emergency road assistance, Switch & Save, multi-car, homeowner, paid-in-full, and DriveSense.
• The Hartford has savings for driver training, air bag, vehicle fuel type, defensive driver, anti-theft, bundle, and good student.

If you are trying to find cheap car insurance quotes, ask all companies you are considering how you can save money. Some credits might not be offered in your area. If you would like to choose from a list of insurance companies who offer discounts, click this link.

Five things that affect your insurance costs

Many things are used when pricing auto insurance. Most are fairly basic such as your driving record, although some other factors are more obscure such as your marital status or how financially stable you are.

• Rates impacted by your city – Choosing to live in a small town has it’s advantages when talking about car insurance. People who live in big cities have to deal with more aggressive driving styles and longer commute times. Fewer people corresponds to lower accident rates and also fewer theft and vandalism claims.
• Save by driving safer cars – Vehicles with high crash test scores get lower rates. Vehicles built for safety have better occupant injury protection and fewer serious injuries means lower claim amounts which can result in lower premiums. If your Honda CR-Z has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
• Credit rating impacts premiums – Credit history factor in determining what you pay. So if your credit history can use some improvement, you may save money insuring your 2014 Honda CR-Z if you improve your credit rating. Drivers with very good credit scores tend to be more responsible than drivers who have lower credit ratings.
• Rates increase with policy add-ons – There are many extra add-on coverages that you can buy when buying car insurance. Coverages like rental car reimbursement, accident forgiveness, and term life insurance are some examples. They may seem like a good idea at first, but your needs may have changed so remove them from your policy.
• Accidents are costly – Getting just one moving violation may increase your cost twenty percent or more. Good drivers get better rates than bad drivers. Drivers who get serious violations such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to legally drive a vehicle.

Your situation helps dictate your coverage

When choosing the best insurance coverage coverage, there really is no best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if you would benefit from an agent’s advice.

• Does liability extend to a camper or trailer?
• Do I pay less if my vehicle is kept in my garage?
• Will my vehicle be repaired with OEM or aftermarket parts?
• When should I not file a claim?
• Is a blown tire covered by insurance?
• What exactly is covered by my policy?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area.

Car insurance coverages for a Honda CR-Z

Understanding the coverages of car insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages available from car insurance companies.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hitting a deer, fire damage, falling objects and hail damage. The maximum payout your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage

Collision insurance pays for damage to your CR-Z resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sustaining damage from a pot hole, rolling your car and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your 2014 Honda CR-Z.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for short-term medical expenses for hospital visits, surgery, nursing services and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability coverage will cover injuries or damage you cause to a person or their property in an accident. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as legal defense fees, structural damage and bail bonds. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Save for a rainy day

Cost effective 2014 Honda CR-Z insurance is attainable both online and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some car insurance companies may not provide price quotes online and usually these smaller companies provide coverage only through local independent agents.

When searching for low cost car insurance quotes, make sure you don’t buy poor coverage just to save money. There have been many situations where an insured cut physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal is to buy enough coverage at the lowest possible cost, but don’t skip important coverages to save money.

More detailed car insurance information can be found at these sites:

• Choosing an Insurance Company (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Coverage Information (Progressive Insurance)