Save on 2016 Honda CR-V Insurance Rates

Trying to find cheaper insurance rates for your Honda CR-V? If you are new to online price comparisons, you can be overwhelmed thanks to the incredible selection of insurance companies offering insurance.

It is always a good idea to price shop coverage yearly because prices go up and down regularly. Even if you got the lowest price for CR-V coverage two years ago other companies may now be cheaper. Ignore everything you know about insurance because you’re about to find out the tricks you need to know to properly buy coverages while reducing your premium.

The most recommended method to compare car insurance company rates is to know the fact car insurance companies provide online access to provide you with a free rate quote. The only thing you need to do is provide information such as if the car is leased, your credit rating estimate, if you’re married, and whether the vehicles are used for commuting. That information is instantly provided to multiple different insurance companies and you will get price comparisons immediately.

If you would like to compare rates now, click here and enter your zip code.

Find hidden discounts to get affordable auto insurance rates

Insuring your fleet can be pricey, but there could be significant discounts to help offset the cost. Most are applied when you complete an application, but less common discounts must be asked for before they will apply.

  • Online Discount – A handful of insurance companies will give a small break for completing your application over the internet.
  • Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you could save up to 5%.
  • Senior Citizens – Drivers that qualify as senior citizens are able to get a slight reduction on a insurance coverage quote for CR-V coverage.
  • Passive Restraints – Factory air bags or automatic seat belts could see savings as much as 30%.
  • Renewal Discounts – A few insurance companies allow discounts for renewing your policy before your current expiration date. Ten percent is about the average savings.

A little disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most only cut specific coverage prices like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, you’re out of luck. Any qualifying discounts should definitely cut your overall bill.

A partial list of companies who may offer these money-saving discounts are:

When getting a coverage quote, ask all companies you are considering to apply every possible discount. Some discounts may not apply to policies everywhere.

Tailor your insurance coverage to you

When it comes to buying coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining whether your personal situation might need professional guidance.

  • Who is covered by my policy?
  • Do I have coverage if my license is suspended?
  • Is motorclub coverage worth it?
  • What is medical payments coverage?
  • Am I covered if I hit a deer?
  • Am I covered when delivering products for my home-based business?
  • Should I put collision coverage on all my vehicles?
  • Does liability extend to a camper or trailer?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

The Honda CR-V insurance rate equation

When buying car insurance it’s important to understand the different types of things that help determine car insurance rates. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that can earn you much lower annual insurance costs. Many different elements are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but others are more transparent like your vehicle usage and annual miles driven.

The itemized list below are a partial list of the pieces used by companies to determine rates.

  • Deter theft and save – Choosing a vehicle with a theft deterrent system can save you a little every year. Systems that thwart theives like OnStar, LoJack tracking, and tamper alarms can thwart auto theft and help lower rates.
  • Safer vehicles lower rates – Vehicles with high crash test scores tend to have better insurance rates. These vehicles reduce occupant injuries and reduced instances of injuries means less money paid by your insurance company and cheaper rates on your policy.
  • Your age impacts your prices – Teen drivers are statistically shown to be more careless when behind the wheel so car insurance rates are higher. Having to add a young driver to your policy can increase premiums substantially. Older people are viewed as being more responsible, file fewer claims .
  • Protect yourself with liability insurance – The liability coverage on your policy kicks in when you are found to be at fault for causing damage or personal injury in an accident. It will provide legal defense coverage to attempt to prove you were not liable. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Extra coverages can add up – Insurance policies have a lot of additional coverages that can waste your money if you aren’t diligent. Insurance for replacement cost coverage, towing, and membership fees are examples of these. They may seem good when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Tickets inflate rates – Even a single moving violation can increase the cost of insurance by as much as twenty percent. Drivers with clean records get better prices compared to bad drivers. Drivers unfortunate enough to have severe tickets like 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 legally drive a vehicle.
  • Get cheaper rates if you’re married – Having a spouse can actually save you money on your policy. Marriage means you’re more mature than a single person and insurance companies like that drivers who are married are more cautious.

Coverages available on your policy

Having a good grasp of a auto insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Honda CR-V.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverages – This coverage will pay to fix damage to your CR-V caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with another moving vehicle, sustaining damage from a pot hole, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, fire damage, falling objects, hitting a deer and damage from flooding. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability insurance – Liability coverage can cover injuries or damage you cause 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 own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as repair bills for other people’s vehicles, bail bonds, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for short-term medical expenses such as chiropractic care, EMT expenses, funeral costs and hospital visits. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

A fool and his money are soon parted

We just showed you a lot of tips how to save on 2016 Honda CR-V insurance. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding cheap insurance coverage. You may even find the biggest savings come from the smaller companies.

Affordable 2016 Honda CR-V insurance can be purchased online as well as from independent agents, so you should be comparing quotes from both to get a complete price analysis. There are still a few companies who may not offer rates over the internet and usually these regional carriers sell through independent insurance agents.

As you restructure your insurance plan, it’s very important that you do not buy less coverage just to save a little money. In many cases, someone sacrificed liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at the best cost while still protecting your assets.

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Comments About 2016 Honda CR-V Insurance

  1. Stefania Cunningham

    Hope my rates come down. Found cheapest coverage with Travelers for my Honda and saved about $430 a year. Insured with Nationwide before. Bought it from an online quote.

  2. Ernestine Swanson

    Located in Newark, DE. Can’t remember who all I quoted but I ended up saving about $20 each month. I have several vehicles insured with them.

  3. Van Ellis

    Enjoyed the article. Located in Jacksonville, Florida. Got car insurance rates from GMAC, AAA, MetLife, and a couple others for my Honda and I think I saved around $60 each month. I used their online quote form to compare rates.

  4. Rashida Ashley

    From east side of Des Moines, IA. Got quotes from Auto-Owners, MetLife, and some smaller one I can’t remember the name of for my 2016 Honda CR-V and saved $487 a year. I’m a pretty good driver though.

  5. Val Riggs

    Great info, thanks for posting. Lifelong resident of Jackson, MS. Compared rates from a lot of places. Saved about $30 a month. GEICO was the cheapest for me. Have an at-fault accident tho.

  6. Matthew Cooley

    Does GEICO insure after a DUI?

  7. Larisa Hood

    Is a custom audio system covered by insurance?

  8. Darla Wheeler

    I got quite a few price quotes for a 2016 Honda CR-V in Cranston, Rhode Island. Ended up at about $300 every six months with AIG Insurance. Was with Hartford. LOL

  9. Saul Hopkins

    Cheap is relative. From a town just southwest of Cedar Rapids, Iowa. Got car insurance quotes with 21st Century, American Family, Encompass, and GMAC for my CR-V and saved about $240 a year. Left AAA to switch. Moved home policy as well.

  10. Sueann Oneal

    From Spokane, WA. I don’t recall every quote but I ended up saving about $50 each month. Moved home policy as well. Not sure about claim service.

  11. Conchita Sutton

    Need cheaper insurance rates for my teenage driver in Baton Rouge, LA!!

  12. Manuel Shaw

    Just my two cents. Went with Erie for my 2016 Honda CR-V and saved around $490 a year.

  13. Rudy Williams

    Nice post. From a town just southwest of Evansville, Indiana. Quoted with GEICO, AIG Insurance, Farmers, and Liberty Mutual for my Honda and saved $561 a year. Left USAA to switch. I get lower rates because of my clean driving record.

  14. Chi Dillon

    I’m just south of Albuquerque, NM. I got free rates from GEICO, Auto-Owners, and Erie for my CR-V and saved just over $450 a year. I think they have home insurance too.

  15. Alfredo Nixon

    Not sure what I should be paying. Live in the eastern part of Knoxville, TN. Quoted quotes with American Family, Farmers, and Safeco for my CR-V and saved just over $150 a year. Switched homeowners coverage too.

  16. Minh Kelley

    Does State Farm use ACV or replacement cost?

  17. Terence Melton

    Not sure if this is cheap. From Birmingham, Alabama. I quoted with Amica, Nationwide, and a few others for my Honda and cut my rates about $440 a year. I’m a pretty low risk driver. Not sure if rates are cheaper online or through an agent.

  18. Granville Contreras

    Not sure if this is cheap. I’m in Rockford, IL. Quoted a bunch of companies. Saved darn near $30 a month. Progressive was the best choice for me. Hopefully won’t need it.