Looking for the cheapest car insurance rates for your Honda CR-V? Have you had enough of trying to scrape together enough money each month for car insurance? You are in the same boat as many other consumers. You have multiple auto insurance companies to purchase coverage 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.
Smart consumers take time to get comparison quotes every six months because rates change quite often. Even if you got the best price for CR-V insurance on your last policy a different company probably has better rates today. Starting now, forget anything you know (or think you know) about car insurance because you’re about to learn the fastest and easiest way to lower your annual insurance bill.
Consumers need to have an understanding of the different types of things that go into determining insurance rates. Understanding what determines base rates allows you to make educated decisions that may reward you with better insurance rates.
The cost of insuring your cars can be expensive, buy you may qualify for discounts that can drop the cost substantially. Most are applied at the time of quoting, but a few need to be requested specifically in order for you to get them. If you don’t get every credit you qualify for, you’re just leaving money on the table.
Consumers should know that most credits do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like comprehensive or collision. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will bring down your overall premium however.
Companies that may offer these benefits may include but are not limited to:
Double check with every prospective company which discounts you may be entitled to. Savings might not apply everywhere.
Consumers constantly see and hear ads that promise big savings from companies such as Progressive, GEICO, Allstate and State Farm. All the ads have a common claim that you can save if you switch your policy.
How does each company make almost identical claims?
Different companies can use profiling for the right customer that makes them money. An example of a driver they prefer could possibly be between the ages of 40 and 55, a clean driving record, and drives newer vehicles. Any driver who fits that profile will get very good rates and most likely will cut their rates substantially.
Consumers who don’t qualify for the “perfect” profile will have to pay higher rates and ends up with business not being written. The ads say “people who switch” not “people who quote” save money. That is how insurance companies can confidently state the savings.
Because of the profiling, you absolutely need to compare as many rates as you can. It’s impossible to know which company will fit your personal profile best.
When buying adequate coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that For example, these questions can aid in determining if your situation would benefit from professional advice.
If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.
Learning about specific coverages of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.
Comprehensive protection – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things like a broken windshield, fire damage, hitting a deer and hail damage. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Uninsured or underinsured coverage – This coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Honda CR-V.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages are set the same as your liablity limits.
Auto liability – Liability insurance protects you from damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against things such as funeral expenses, medical expenses, medical services, structural damage and court costs. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.
Medical expense coverage – Med pay and PIP coverage pay for short-term medical expenses like pain medications, nursing services and funeral costs. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible
Collision coverages – This coverage covers damage to your CR-V resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like sustaining damage from a pot hole, crashing into a ditch, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.
As you restructure your insurance plan, it’s not a good idea to buy less coverage just to save a little money. There have been many cases where an accident victim reduced liability coverage limits only to regret at claim time that the small savings ended up costing them much more. Your focus should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.
We just covered some good ideas how to lower your 1999 Honda CR-V insurance rates. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the best prices are with the smaller companies. These smaller insurers can often provide lower rates in certain areas compared to the large companies like Progressive and GEICO.
Additional information is available at these links: