2003 Honda CR-V Insurance Cost – 8 Savings Tips

No sane person looks forward to paying premiums for insurance coverage, especially when they are aware that they could find better rates elsewhere. You have multiple car insurance companies to purchase coverage from, and though it is a good thing to have a selection, so many choices can make it hard to find the lowest rates.

Smart consumers take time to compare premium rates before your next renewal because rates trend upward over time. If you had the lowest rate for CR-V coverage at your last renewal you may be paying too much now. You can search a lot of insurance coverage on the web, but by reading this article, you’re going to learn a bunch of ideas how to lower your insurance coverage rates.

Finding affordable coverage is not rocket science. If you have car insurance now, you should be able to lower your premiums substantially using this strategy. Consumers only need an understanding of how to find the lowest price online.

Pay discount rates these eight discounts

Car insurance companies don’t necessarily list every available discount in an easy-to-find place, so the below list has a few of the more well known as well as the least known savings tricks you should be using when you buy auto insurance online. If you do not double check each discount you deserve, you’re just leaving money on the table.

• Passive Restraints and Air Bags – Factory air bags can receive discounts of 25 to 30%.
• Home Ownership Discount – Just owning your own home can get you a discount because it requires a higher level of personal finance.
• No Claims – Insureds with no claims or accidents pay less as compared to policyholders that have many claims.
• Senior Discount – Older drivers may qualify for a small decrease in premiums for CR-V coverage.
• Club Memberships – Affiliation with a civic or occupational organization could qualify you for a break on your next renewal.
• Include Life Insurance and Save – Larger companies have a discounted price on car insurance if you buy a life insurance policy as well.
• Discounts for Safe Drivers – Drivers who don’t get into accidents can save as much as half off their rates for CR-V coverage than drivers with accident claims.
• Seat Belts Save – Using a seat belt and requiring all passengers to buckle up could save 15% on medical payment and PIP coverage.

Don’t be surprised that many deductions do not apply the the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears having all the discounts means you get insurance for free, you aren’t that lucky.

If you would like to view providers with significant discounts, follow this link.

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Special considerations

When choosing the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different so this has to be addressed. These are some specific questions may help highlight if you may require specific advice.

• Is pleasure use cheaper than using my 2003 Honda CR-V to commute?
• Is extra glass coverage worth it?
• Will filing a claim cost me more?
• What if I total my 2003 Honda CR-V and owe more than it’s worth?
• What is an SR-22 filing?
• When should my teen driver be added to my policy?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and can provide invaluable advice.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t get away from ads that promise big savings by companies like Geico, State Farm and Progressive. All the ads make the point that drivers will save a bundle just by moving your coverage.

How does every car insurance company have lower policy pricing? It’s all in the words they use.

Car insurance companies require specific criteria for the type of customer that earns them a profit. One example of a driver they prefer might be described as over age 30, has had continuous coverage, and drives less than 10,000 miles a year. Anybody who meets those qualifications gets the lowest rates and have a good chance to save a lot of money.

People who fall outside these stringent criteria will see more expensive rates which usually ends up with the customer buying from a different company. The ads say “drivers that switch” not “everyone who quotes” save that kind of money. That’s why insurance companies can lure you into getting a quote. Each company has different criteria, so you really need to do a quote comparison often. It’s just not possible to know the company that will fit you best based on your risk profile.

Car insurance coverages for a 2003 Honda CR-V

Understanding the coverages of a car insurance policy can be of help when determining appropriate coverage for your vehicles. Car insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are the normal coverages found on most car insurance policies.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Honda CR-V.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Collision protection

This coverage will pay to fix damage to your CR-V from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like damaging your car on a curb, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, hitting a bird, a tree branch falling on your vehicle, damage from getting keyed and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance

Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as attorney fees, emergency aid and pain and suffering. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for bills like pain medications, X-ray expenses and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

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Save for a rainy day

As you go through the steps to switch your coverage, it’s not a good idea to sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice liability limits or collision coverage only to find out they didn’t have enough coverage. The proper strategy is to buy enough coverage for the lowest price, but do not skimp to save money.

Discount 2003 Honda CR-V insurance can be found online in addition to many insurance agents, and you should be comparing both to get a complete price analysis. There are still a few companies who may not provide online rate quotes and usually these regional insurance providers only sell through independent agencies.

In this article, we covered many ideas to lower your 2003 Honda CR-V insurance prices. The key concept to understand is the more rate quotes you have, the better likelihood of getting cheaper auto insurance. Consumers could even find that the lowest priced insurance coverage comes from some of the smallest insurance companies. They may only write in your state and offer lower rates than their larger competitors like State Farm and Allstate.

More detailed insurance coverage information can be read in these articles:

• What is Full Coverage? (Allstate)
• Liability Insurance Coverage (Nationwide)
• Tread Depth and Tire Safety (State Farm)
• Teen Driving Statistics (iihs.org)
• Auto Crash Statistics (Insurance Information Insitute)

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