Searching for cheaper auto insurance rates for your Honda CR-V? Vehicle owners who are new to the process of comparing car insurance rates on the internet can find buying cheap auto insurance is nearly impossible.
You should take the time to get comparison quotes once or twice a year because prices change quite often. Just because you found the best price for CR-V insurance on your last policy you will most likely find a better rate today. Ignore everything you know about auto insurance because you’re going to learn the only way to reduce your cost while increasing coverage.
If you currently have car insurance, you should be able to cut costs considerably using this information. Pricing more affordable auto insurance coverage is not that difficult. Although car owners must learn the methods companies use to sell insurance online and use this information to your advantage.
Insurance coverage is neither fun to buy or cheap, but there may be some discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you get a quote, but occassionally some discounts must be manually applied before being credited.
As is typical with insurance, most discount credits are not given to the entire cost. Most only reduce specific coverage prices like liability and collision coverage. Even though the math looks like all those discounts means the company will pay you, it doesn’t quite work that way.
Popular insurance coverage companies and a partial list of their discounts can be found below.
Double check with every prospective company which credits you are entitled to. Discounts may not apply to policyholders in every state. To find companies with discount rates, click here to view.
The best way to find cheaper auto insurance is to take a look at some of the things that go into determining the price you pay for auto insurance. If you understand what controls the rates you pay, this allows you to make good choices that will entitle you to lower premium levels. Multiple criteria are used when you quote your car insurance policy. Some are obvious such as your driving record, but some are more transparent such as your marital status or your vehicle rating.
Listed below are some of the things used by companies to determine your rates.
When choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Each situation is unique.
For instance, these questions can help discover whether you might need an agent’s assistance.
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.
Understanding the coverages of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Liability car insurance
Liability coverage will cover damage that occurs to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like bail bonds, structural damage, legal defense fees and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your Honda CR-V.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP provide coverage for expenses such as rehabilitation expenses, surgery, ambulance fees, hospital visits and doctor visits. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP is not universally available and may carry a deductible
Collision protection
Collision insurance will pay to fix damage to your CR-V resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision insurance covers things like colliding with another moving vehicle, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Comprehensive auto coverage
This pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like hail damage, damage from getting keyed, falling objects, rock chips in glass and damage from flooding. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
We’ve covered many tips how you can shop for 2015 Honda CR-V insurance online. The key thing to remember is the more rate comparisons you have, the better likelihood of getting the cheapest auto insurance. You may even discover the lowest priced insurance coverage comes from some of the lesser-known companies.
People switch companies for any number of reasons including poor customer service, delays in paying claims, policy non-renewal or high rates after DUI convictions. No matter why you want to switch, finding a new insurance coverage company can be easier than you think.
When getting auto insurance quotes online, don’t be tempted to buy lower coverage limits just to save a few bucks. In too many instances, someone dropped liability limits or collision coverage only to regret that the savings was not a smart move. The aim is to find the BEST coverage at the best cost, but don’t skip important coverages to save money.
To read more, take a look at the articles below:
Elliot Monroe
I went with State Farm at renewal. Best rates in Lexington, KY. I have several vehicles insured with them.
Carlyn Hamilton
I’m looking for cheaper coverage. I live in a small town just outside of Knoxville, TN. I quoted with AAA, Sentry, and some smaller one I can’t remember the name of for my Honda and saved just over $130 a year. I get lower rates because of my clean driving record.
Sharleen Randolph
This is too expensive. From northwest of Lexington, KY. Got free quotes online for a 2015 Honda CR-V. Ended up at about $180 savings annually. Went with 21st Century. Was with Farmers. I recommend comparing lots of rates.
Jenise Newton
Here’s what I found out. From northwest of Tacoma, WA. Quoted quotes with Travelers, AAA, Liberty Mutual, and Mercury for my Honda and saved about $550 a year.
Gigi Miranda
Cheaper car insurance is a myth. From west side of Shreveport, LA. I got free quotes from GMAC, AAA, Mercury, and a couple others for my CR-V and I think I saved about $30 each month. Was with GEICO. I have a teen driver too. You can get a rate quote online.
Wade Sexton
Need cheaper insurance rates for my teenage driver in Rio Rancho, NM!!
Dallas Chaney
Can I get replacement cost coverage for a 2015 Honda CR-V?
Ila Britt
Live in the western part of Rochester, NY. Not sure of all the companies but I ended up saving about $60 each month. Was with Nationwide.