2014 Honda CR-V Insurance Rates – 5 Tips for Cheaper Quotes

Paying for overpriced Honda CR-V insurance can take a big chunk out of your savings account and maybe even restrict other spending. Shopping your coverage around is a great way to tighten up your finances.

People have many insurers to choose from, and even though it’s nice to have a choice, so many choices can make it hard to find the best rates.

The quickest way to compare car insurance rates utilizes the fact auto insurance companies provide online access to provide you with a free rate quote. To begin a comparison, all you need to do is give them some information like level of coverage desired, if you require a SR-22, distance driven, and your credit rating estimate. That rating information is instantly provided to all major companies and you will receive price estimates instantly to find the best rate.

Verify you’re receiving every discount

Car insurance companies don’t always advertise all possible discounts very well, so the below list has both the well known and the more hidden auto insurance savings. If you do not check that you are getting every discount you deserve, you could be getting lower rates.

• Homeowners Discount – Being a homeowner can earn you a little savings since home ownership shows financial diligence.
• Drivers Education – Require your teen driver to successfully complete driver’s ed class as it can save substantially.
• Early Switch Discount – Select insurance companies give a discount for signing up prior to the expiration date on your current policy. It’s a savings of about 10%.
• Low Mileage – Driving less could be rewarded with lower rates on the low mileage vehicles.
• Passive Restraints – Factory options such as air bags or automatic seat belts may earn rate discounts of 25 to 30%.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. Some only apply to individual premiums such as liability and collision coverage. Just because you may think you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

To view companies that offer some of these discounts, click here to view.

When should I discuss my situation with an agent?

When buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique so this has to be addressed. These are some specific questions may help you determine if your situation would benefit from an agent’s advice.

• Is my nanny covered when driving my vehicle?
• How can I get my company to pay me more for my totalled car?
• Do I need higher collision deductibles?
• Am I covered by my spouse’s policy after a separation?
• Is extra glass coverage worth it?
• When should I not file a claim?
• Why is insurance for a teen driver so high?
• Am I covered if I drive in a foreign country?
• Should I have combined single limit or split liability limits?
• Does my car insurance cover rental cars?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Insurance coverages explained

Knowing the specifics of your policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your 2014 Honda CR-V.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for liability

Liability insurance provides protection from damage that occurs to a person or their property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers things like structural damage, repair bills for other people’s vehicles and emergency aid. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Collision coverage

This coverage pays to fix your vehicle from damage 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 coverage pays for claims like backing into a parked car, scraping a guard rail, sideswiping another vehicle, crashing into a building and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses like X-ray expenses, nursing services and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance 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 coverage protects against claims such as hail damage, falling objects, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Have the Midas touch

We’ve covered a lot of techniques to lower your 2014 Honda CR-V insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding the cheapest insurance coverage. Drivers may discover the lowest priced insurance coverage comes from the least-expected company. Smaller companies may only write in your state and offer lower car insurance rates as compared to the big name companies such as State Farm, Geico and Nationwide.

Some companies may not offer online rate quotes and usually these smaller providers only sell through local independent agencies. Cost effective 2014 Honda CR-V insurance is definitely available on the web and from local insurance agents, so you should be comparing quotes from both so you have a total pricing picture.

When you buy insurance coverage online, never buy less coverage just to save a little money. In many instances, someone dropped liability limits or collision coverage only to regret at claim time they didn’t purchase enough coverage. Your goal is to purchase a proper amount of coverage at the best price, but do not skimp to save money.

Additional detailed information is available by following these links:

• Speed and Speed Limit FAQ (iihs.org)
• Auto Theft Statistics (Insurance Information Insitute)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• State Car Insurance Guides (Geico)