2015 Honda CR-Z Insurance Cost – 9 Savings Tips

Having to pay for overpriced Honda CR-Z insurance can stress out your funds and force you to make tough financial choices. Comparing rates annually can lower your rates and help to make ends meet.

Multiple insurers compete to insure your vehicles, so it can be very hard to choose a insurer to find the absolute lowest rate

If you have a policy now or need a new policy, you can learn to find the best rates while maximizing coverage. Finding the best rates is quite easy. Vehicle owners only need an understanding of the most efficient way to find the lowest price online.

Find discounts to get cheap insurance rates

Some providers don’t always list their entire list of discounts very well, so the below list has both well-publicized and also the lesser-known discounts you could be receiving when you buy insurance online.

• Driver’s Ed – It’s a good idea to have your young drivers complete a driver education course as it will make them better drivers and lower rates.
• Early Payment Discounts – By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
• Home Ownership Discount – Simply owning a home may earn you a small savings because it means you have a higher level of financial diligence.
• Discount for New Cars – Buying a new car instead of a used car is cheaper compared to insuring an older model.
• Braking Control Discount – Anti-lock brake equipped vehicles can stop better under adverse conditions so you can save 10 percent or more.
• Bundled Policy Discount – When you combine your auto and homeowners insurance and insure them both with the same insurance company you could earn a discount of at least 10% off all policies.
• Drive Less and Save – Driving fewer miles could be rewarded with slightly better insurancerates than normal.
• Smart Student Discounts – Being a good student may save you up to 25%. Most companies allow this discount up to age 25.
• Save over 55 – Drivers over the age of 55 may be able to get better insurance rates for CR-Z insurance.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Most only reduce specific coverage prices like liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will reduce your overall bill.

A few popular companies and some of the discounts can be found below.

• AAA includes discounts for multi-car, good driver, anti-theft, AAA membership discount, pay-in-full, and good student.
• Progressive may include discounts for multi-vehicle, online signing, multi-policy, continuous coverage, and good student.
• State Farm discounts include passive restraint, anti-theft, student away at school, multiple policy, safe vehicle, Drive Safe & Save, and good driver.
• Esurance offers discounts including homeowner, Pac-12 alumni, anti-lock brakes, online quote, online shopper, good driver, and emergency road assistance.
• Nationwide offers premium reductions for good student, easy pay, defensive driving, Farm Bureau membership, business or organization, family plan, and anti-theft.

Before purchasing a policy, check with each company which discounts you qualify for. Some of the earlier mentioned discounts might not apply in your area. To choose companies with significant discounts, click here.

Tailor your insurance coverage coverage to you

When choosing the best insurance coverage coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might help in determining whether you might need professional guidance.

• Am I covered if I crash into my own garage door?
• What happens if I owe more than my 2015 Honda CR-Z is worth?
• What is PIP insurance?
• Do I get a pro-rated refund if I cancel my policy early?
• Does my car insurance cover rental cars?
• Do I pay less if my vehicle is kept in my garage?
• Do I need roadside assistance coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Do you really save 40% when you switch?

Consumers get pounded daily by advertisements that claim the cheapest rates from companies such as Progressive, Allstate and Geico. They all tend to make the same promise about savings if you move your car insurance policy to them.

It sounds good, but how can they all lower your rates? It’s all in the wording.

Insurance companies have strict underwriting profiles for the type of insured that will be a good risk. For example, a profitable insured may need to be married and over the age of 30, has no driving citations, and drives less than 7,500 miles a year. A driver who fits those characteristics will get a cheap rate quote and as a result will probably pay quite a bit less when switching companies.

Drivers who cannot meet those criteria will be charged a more expensive rate which results in the customer buying from someone else. If you pay attention, the ads say “drivers that switch” but not “all drivers who get quotes” save that much. This is how companies can truthfully make the claims of big savings. Each company has different criteria, so it is so important to get insurance quotes from several different companies. Because you cannot predict which car insurance company will give you lower rates than your current company.

Coverages available on your policy

Knowing the specifics of your insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.

Comprehensive protection

This pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, hail damage, hitting a bird, theft and a tree branch falling on your vehicle. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance

This protects you from damages or injuries you inflict on other people or property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as funeral expenses, pain and suffering, repair costs for stationary objects, bail bonds and emergency aid. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like dental work, ambulance fees, X-ray expenses, hospital visits and EMT expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage pays for damage to your CR-Z from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, scraping a guard rail, crashing into a building, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Honda CR-Z.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Be Smart and Buy Smart

When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. In many instances, an insured dropped liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal is to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.

In this article, we presented many ideas to get a better price on 2015 Honda CR-Z insurance. It’s most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from some of the lesser-known companies. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or Geico.

Some insurance providers may not have online price quotes and most of the time these smaller companies prefer to sell through local independent agents. Budget-conscious 2015 Honda CR-Z insurance is definitely available from both online companies and also from your neighborhood agents, so compare prices from both to have the best selection.

Additional car insurance information can be found at these links:

• Distracted Driving Extends Beyond Texting (State Farm)
• Driving in Bad Weather (Insurance Information Insitute)
• Top Signs Your Brakes are Giving Out (State Farm)
• Keeping Children Safe in Crashes Video (iihs.org)