Cheap 2016 Honda CR-Z Insurance Rates

Frustrated by the dozens of car insurance companies available to you? You have so many options that it can easily turn into a difficult challenge to find lower rates.

It is always a good idea to take a look at other company’s rates once or twice a year because insurance prices are usually higher with each renewal. Even if you got the lowest price for CR-Z coverage at your last renewal you can probably find a better rate now. There are lots of tips to save on car insurance online but by reading this article, you’re going to learn some great ideas on how to stop overpaying for insurance.

How to buy insurance coverage online

There are several ways to compare insurance coverage quotes, but some are less time-consuming than others. You can waste a lot of time talking to agents in your area, or you could use the internet for quick rates.

Many of the larger companies participate in a marketplace that allows shoppers to send in one quote, and each company returns a competitive quote based on the submitted data. This prevents consumers from doing quote forms for every insurance coverage company.

To get comparison pricing now click to open in new window.

The only downside to getting quotes like this is that you can’t choose which companies to get pricing from. So if you prefer to choose specific insurance companies to receive pricing from, we have a page of low cost insurance coverage companies in your area. View list of insurance companies.

The method you choose is up to you, but ensure you are comparing the same coverage limits for every company. If each company quotes different liability limits it will be impossible to make an equal comparison. Even a minor difference in coverage limits could mean much higher rates. And when price shopping your coverage, making a lot of price comparisons helps locate more affordable insurance. Not every company does price estimates online, so it’s important to compare price estimates from them, too.

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Use discounts on auto insurance

Insuring your vehicles can cost a lot, but you may find discounts to reduce the price significantly. Some discounts will apply at the time of quoting, but some discounts are required to be inquired about prior to receiving the credit.

• Seat Belt Usage – Requiring all passengers to buckle up may be able to save a few bucks off PIP or medical payments premium.
• Multiple Policy Discount – When you combine your auto and homeowners insurance with one insurance company you will save nearly 15% which can help you find cheap car insurance.
• No Claim Discounts – Good drivers with no accidents get the best auto insurance rates in comparison to policyholders that have many claims.
• Paper-free Discount – Some companies may give you up to $50 for signing up online.
• Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates for CR-Z coverage compared to rates paid by drivers with frequent claims.
• Defensive Driver – Completing a course that instructs on driving safety may get you a small discount and also improve your driving technique.

As is typical with insurance, many deductions do not apply to the entire cost. Some only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.

A few popular companies and the discounts they provide are:

• Progressive has savings for homeowner, continuous coverage, multi-vehicle, good student, and online quote discount.
• MetLife discounts include claim-free, good driver, defensive driver, accident-free, good student, multi-policy
• Mercury Insurance may offer discounts for anti-theft, professional/association, low natural disaster claims, location of vehicle, and type of vehicle.
• Nationwide offers premium reductions for business or organization, family plan, Farm Bureau membership, defensive driving, multi-policy, accident-free, and good student.
• Geico policyholders can earn discounts including anti-theft, daytime running lights, defensive driver, emergency military deployment, multi-policy, and air bags.
• AAA includes discounts for good driver, multi-policy, good student, anti-theft, pay-in-full, and multi-car.

When comparing rates, check with each insurance company which discounts can lower your rates. All car insurance discounts might not be offered on policies in your area. If you would like to choose from a list of providers who offer free auto insurance quotes, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help highlight if your insurance needs would benefit from an agent’s advice.

• Should I buy additional glass protection?
• Why do I need rental car insurance?
• Do I need motorclub coverage?
• Who is covered when they drive my 2016 Honda CR-Z?
• Am I covered when delivering products for my home-based business?
• Is my cargo covered for damage or theft?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

How your CR-Z insurance prices are determined

Lots of things are considered when pricing auto insurance. A few of the factors are predictable such as your driving record, but others are less apparent like your continuous coverage or your vehicle rating.

The factors shown below are just a few of the factors companies use to determine your rate level.

• Low comp and collision deductibles cost more – Comp and collision deductibles are the amount of money the insured will be required to pay before a claim is paid by your company. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. Examples of some claims that would be covered are rearending another vehicle, collision with a deer, or theft of your vehicle. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for auto insurance for CR-Z coverage.
• Save money with alarms and GPS tracking – Choosing a vehicle with an alarm system can help bring down rates. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping car theft and help bring rates down.
• Rates can drop if you have more than one policy – The majority of insurers provide lower prices to clients who consolidate policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to comparison shop to make sure you are getting the best deal. Drivers may still find lower rates by buying auto insurance from a different company.
• Amount of liability – The liability section of your policy will provide protection if ever you are found to be at fault for causing personal injury or damage in an accident. Your liability coverage provides legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.

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Auto insurance coverage options for a Honda CR-Z

Knowing the specifics of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.

Collision coverages – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as crashing into a building, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Liability insurance – Liability insurance can cover damage or injury you incur to other people or property. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers things such as loss of income, pain and suffering and medical expenses. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2016 Honda CR-Z.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for expenses for things like EMT expenses, chiropractic care, dental work and ambulance fees. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from 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 coverage pays for things like falling objects, a tree branch falling on your vehicle, hitting a deer and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Feed the piggy bank

In this article, we presented some good ideas how to shop for 2016 Honda CR-Z insurance online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a smaller regional carrier.

When searching for cheap car insurance quotes, you should never buy lower coverage limits just to save a few bucks. In too many instances, someone dropped liability coverage limits only to discover later they didn’t have enough coverage. The aim is to buy enough coverage at a price you can afford while still protecting your assets.

Drivers who switch companies do it for many reasons like being labeled a high risk driver, denial of a claim, extreme rates for teen drivers and even poor customer service. Whatever your reason, switching companies can be pretty painless.

More tips and info about insurance can be read in the articles below:

• Teen Driving Statistics (iihs.org)
• Auto Crash Statistics (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• What is a Telematics Device? (Allstate)

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