Lower Your 2015 Honda CR-Z Car Insurance Rates

Looking for the cheapest insurance rates for your Honda CR-Z? Sick and tired of paying out the nose each month for car insurance? Your situation is no different than many other drivers.

Big-name insurance companies like State Farm, Allstate, GEICO and Progressive increase brand awareness with catchy ads and it is challenging if not impossible to ignore the propoganda and effectively compare rates to find the best deal.

It’s a great practice to price shop coverage every six months since insurance rates change quite often. Just because you had the lowest rates on CR-Z insurance two years ago you may be paying too much now. Starting right now, block out anything you think you know about insurance because you’re going to get a crash course in one of the quickest ways to save on insurance.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, drivers must understand how the larger insurance companies sell online because it can help you find the best coverage.

These discounts can lower your rates

Car insurance companies don’t necessarily list every discount in a way that’s easy to find, so the following is a list of some of the best known as well as the least known ways to save on car insurance.

  • Claim Free – Drivers with accident-free driving histories pay much less as compared to accident-prone drivers.
  • Senior Discount – Older drivers may be able to get reduced rates on CR-Z insurance.
  • Early Signing – Some companies give discounts for switching policies before your current expiration date. This can save 10% or more.
  • Good Student – Getting good grades can save 20 to 25%. The discount lasts until age 25.
  • Government Employees – Simply working for the federal government may qualify you for a discount on CR-Z insurance with certain companies.
  • Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates on CR-Z insurance than less cautious drivers.
  • Defensive Driver – Completing a defensive driving course could save 5% or more if you qualify.
  • Accident Forgiveness – Certain companies will forgive one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Passive Restraints and Air Bags – Factory air bags or automatic seat belts may earn rate discounts up to 30%.

Keep in mind that some credits don’t apply the the whole policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of providers offering car insurance discounts, click here.

Pieces of the Honda CR-Z insurance rate puzzle

It’s important that you understand the rating factors that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what determines base rates enables informed choices that may reward you with big savings.

  • Rates may be higher depending on your occupation – Did you know that where you work can have an impact on rates? Careers like lawyers, architects and accountants are shown to have higher rates than average because of high stress levels and long work hours. On the flip side, jobs such as pilots, athletes and performers pay the least on CR-Z insurance.
  • Your location is important – Choosing to live in less populated areas is a positive aspect when it comes to auto insurance. Less people living in that area translates into fewer accidents. Drivers in populated areas have to deal with more traffic problems and longer commute times. More time on the road can result in more accidents.
  • High numbers of claims are not good – Insurance companies award discounts to insureds who are claim-free. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for larger claims.
  • Lower deductibles cost more – Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your Honda from damage. A few examples of covered claims are colliding with a building, damage from fire, and windstorm damage. The deductibles are the amount of money you are willing to pay before a claim is paid by your company. The more you have to pay, the less your company will charge you for insurance on CR-Z insurance.
  • No coverage gaps is important – Allowing your auto insurance policy to lapse will be a sure-fire way to bump up your auto insurance costs. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine.

Different people need different coverages

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that can help discover whether you may require specific advice.

  • Am I covered when driving someone else’s vehicle?
  • Do I need motorclub coverage?
  • Do I need more liability coverage?
  • Should I buy full coverage?
  • Am I covered by my spouse’s policy after a separation?
  • When can I cancel my policy?
  • Which companies will insure high-risk drivers?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Car insurance coverages and their meanings

Knowing the specifics of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average car insurance policy.

Liability coverages

This protects you from damages or injuries you inflict on people or other property. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things such as legal defense fees, structural damage and pain and suffering. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Coverage for collisions

This pays for damage to your CR-Z resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like hitting a mailbox, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

UM/UIM Coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical costs insurance

Coverage for medical payments and/or PIP pay for immediate expenses like prosthetic devices, dental work and funeral costs. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hail damage, a tree branch falling on your vehicle, damage from a tornado or hurricane, vandalism and fire damage. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Shop around and save

Budget-conscious 2015 Honda CR-Z insurance is possible on the web and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not provide online price quotes and these small, regional companies work with independent agents.

In this article, we presented many tips how you can reduce insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest priced car insurance comes from the smaller companies. They may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. In many instances, an insured dropped physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Much more information about car insurance is available below: