Lower Your 2006 Honda CR-V Insurance Cost

Pricey Honda CR-V insurance can deplete your budget, especially in this economy. Doing a rate analysis can help to ensure you are getting the best deal.

Due to the fact that there are so many different company options, it is very difficult to locate the best insurance coverage company.

It’s a good idea to compare prices occasionally since prices are variable and change quite frequently. Even if you got the best price for CR-V coverage at your last renewal you can probably find a lower rate today. There are lots of tips to save on insurance coverage out there, but I’m going to show you the best ways to save money.

Discounts for cheaper insurance coverage rates

Companies that sell car insurance don’t always advertise all possible discounts in an easy-to-find place, so the next list breaks down some of the best known as well as the least known discounts that may be available.

• Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of 25 to 30%.
• Early Signing – A few insurance coverage companies give discounts for renewing your policy early. Ten percent is about the average savings.
• Anti-lock Brake Discount – Cars, trucks, and SUVs equipped with ABS or steering control can reduce accidents so companies give up to a 10% discount.
• Memberships – Affiliation with specific professional or occupational memberships or organizations could qualify you for a break when shopping for insurance coverage.
• Responsible Drivers – Accident-free drivers could pay up to 40% less for CR-V coverage than drivers with accidents.
• Bundled Policy Discount – If you combine your home and auto policies and insure them both with the same insurance company you may save up to 20% off your total premium.
• Homeowners Savings – Just being a homeowner can save a few bucks since home ownership means you have a higher level of financial diligence.

A quick disclaimer, some of the credits will not apply to the entire cost. Most only reduce specific coverage prices like comprehensive or collision. Even though it appears you can get free auto insurance, insurance coverage companies aren’t that generous.

Some of the insurance companies that may include some of the above discounts possibly include:

• Geico
• Mercury Insurance
• Farmers Insurance
• Auto-Owners Insurance
• Liberty Mutual
• SAFECO
• Progressive
• USAA

When quoting, ask every insurance company what discounts are available to you. Some credits might not be offered on policies in every state.

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Finding car insurance

Shopping for lower car insurance rates is a ton of work if you aren’t aware of the most efficient way. You could waste a few hours discussing policy coverages with agents in your area, or you could use online quoting to maximize your effort.

Many companies participate in a marketplace that enables customers to submit their information once, and every company returns a competitive quote based on the submitted data. This saves time by eliminating quote forms to every company.

To find out what other companies charge click here to open in new window.

The one disadvantage to doing it this way is you don’t know exactly which companies you want to price. So if you prefer to choose individual companies to compare prices, we put together a list of companies who write car insurance in your area. Click to view list.

Whichever method you choose, ensure you’re using equivalent quote information on every price quote you get. If you enter different values for each quote it will be nearly impossible to determine the lowest rate for your Honda CR-V. Just slight variations in coverages could skew the results. Just keep in mind that quoting more will improve the odds of getting a better price. Not every company provides quotes online, so it’s important to also get price quotes from those companies as well.

Tailor your insurance coverage to you

When choosing the best insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s needs are different so this has to be addressed. For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

• When can my company non-renew my policy?
• How can I get my company to pay me more for my totalled car?
• When should I not file a claim?
• Should I buy only the required minimum liability coverage?
• Should I get collision insurance on every vehicle?
• Am I covered if I hit a deer?
• I have a DUI can I still get coverage?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance specifics

Having a good grasp of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Listed below are typical coverages found on the average auto insurance policy.

Liability auto insurance – This coverage provides protection from damages or injuries you inflict on other people or property in an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like medical expenses, bail bonds, pain and suffering and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your 2006 Honda CR-V.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive insurance – This pays to fix your vehicle from 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 like hitting a deer, vandalism, damage from getting keyed, a broken windshield and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for expenses such as funeral costs, prosthetic devices, pain medications, surgery and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage – This coverage covers damage to your CR-V resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as backing into a parked car, sideswiping another vehicle, scraping a guard rail, crashing into a building and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

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More comparisons equals lower rates

As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut full coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase plenty of coverage for the lowest price and still be able to protect your assets.

We’ve covered some good ideas how to reduce 2006 Honda CR-V insurance rates online. The key concept to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest rates are with a small mutual company. These smaller insurers may have significantly lower auto insurance rates on certain market segments as compared to the big name companies such as Allstate or State Farm.

For more information, feel free to visit these articles:

• Parking Tips to Reduce Door Dings (State Farm)
• Who Has the Cheapest Riverside Auto Insurance Rates for a Honda CR-V? (QuoteRiverside.com)
• Tread Depth and Tire Safety (State Farm)
• Booster Seat Ratings (iihs.org)
• Medical Payments Coverage (Liberty Mutual)
• Determing Auto Insurance Rates (Geico)
• Safety Belts FAQ (iihs.org)

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