How Much Does 2008 Honda CR-V Insurance Cost?

Searching for the cheapest insurance rates? Consumers have options when looking for low-cost Honda CR-V insurance. They can either waste time struggling with agents to compare prices or leverage the internet to get rate quotes.

There are more efficient ways to shop for insurance so you’re going to learn the best way to price shop coverage for a Honda and get the best price possible from both online companies and local agents.

If you have a current insurance policy or need new coverage, you can use these tips to find the best rates while maintaining coverages. This information will familiarize you with how to get online quotes. Drivers just need to learn the most effective way to shop over the internet.

Use discounts to get cheaper insurance rates

Insurance is not inexpensive, but you can get discounts that many people don’t even know exist. Many discounts should be triggered when you purchase, but occassionally some discounts must be requested specifically prior to getting the savings.

• Good Students Pay Less – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
• Data Collection Discounts – Insureds that choose to allow driving data submission to analyze driving manner by installing a telematics device such as Progressive’s Snapshot might get better premium rates as long as they are good drivers.
• Claim-Free Discount – Drivers who stay claim-free have much lower rates compared to policyholders that have many claims.
• Braking Control Discount – Vehicles with ABS and/or traction control can avoid accidents and will save you 10% or more.
• Bundled Policy Discount – If you can bundle your auto and homeowners insurance with the same company you could get a discount of approximately 10% to 15%.
• Auto/Life Discount – Insurance carriers who offer life insurance give a discount if you purchase some life insurance too.
• Military Deployment Discount – Having a family member in the military could trigger a small discount.

One thing to note about discounts is that some credits don’t apply to all coverage premiums. A few only apply to specific coverage prices like collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

Car insurance companies that possibly offer most of these discounts may include but are not limited to:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

Before buying, ask every insurance company to give you their best rates. Discounts might not be offered in your area.

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How to lower your insurance premiums

Part of the car insurance buying process is learning the rating factors that go into determining the level of your policy premiums. If you have a feel for what determines base rates, this helps enable you to make changes that can help you get big savings. Many things are part of the equation when you quote your car insurance policy. A few of the factors are predictable like your driving record, but other factors are less obvious such as your credit history and annual miles driven.

• Higher car insurance rates for specific employers – Did you know your occupation can influence how much you pay for car insurance? Careers like military personnelair traffic controllers and dentists generally have the highest rates due to intense work situations and lots of time spent at work. Conversely, careers such as actors, engineers and homemakers pay the least on CR-V insurance.
• Being married can save on car insurance – Your spouse may earn you lower rates compared to being single. It means you’re more mature than a single person and insurance companies like that drivers who are married are more cautious.
• Don’t cut corners with liability coverage – The liability section of your policy is the coverage that protects you if ever you are found to be at fault for personal injury or accident damage. Liability provides for a legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should carry high limits.
• Big city or small town – Being located in smaller towns and rural areas of the country has definite advantages if you are looking for the lowest rates. Less people living in that area means less chance of accidents and also fewer theft and vandalism claims. Residents of big cities regularly have traffic congestion and a longer drive to work. Longer commute distances means higher likelihood of an accident.
• High credit scores equal low premiums – A driver’s credit score is a big factor in calculating your premium rate. Drivers who have very high credit ratings tend to be more responsible than drivers with bad credit. If your credit rating is not that good, you could pay less to insure your 2008 Honda CR-V if you improve your credit rating.
• Allowing your coverage to lapse raises premiums – Driving your car without having proper coverage can get your license suspended and your next policy will cost more because you let your insurance lapse for non-payment. Not only will you pay more, being ticketed for driving with no insurance could result in fines or a revoked license.

Tailor your insurance coverage coverage to you

When it comes to choosing the best insurance coverage coverage, there really is no best way to insure your cars. Every situation is different.

Here are some questions about coverages that can aid in determining if your insurance needs would benefit from professional advice.

• Do I need roadside assistance coverage?
• When would I need additional glass coverage?
• Why am I be forced to buy a membership to get insurance from some companies?
• Should I buy full coverage?
• What if I owe more than I can insure my car for?
• Why do I only qualify for high-risk insurance?
• Am I covered when driving in Canada or Mexico?
• Am I covered if I crash into my own garage door?
• Do I get a pro-rated refund if I cancel my policy early?
• Do I need rental car coverage?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Car insurance savings promises

Consumers can’t escape the ads for the lowest price car insurance from the likes of 21st Century, Allstate and State Farm. They all make the point about savings if you move to them.

How do they all offer you a better deal?

Companies offer their best rates for the type of customer that earns them the highest profit. A good example of a profitable risk profile could be over the age of 45, has a low-risk occupation, and does not commute to work. A driver who fits that profile will get low rates and will most likely save a lot of money.

Potential insureds who do not fit the ideal profile will have to pay more expensive rates and the customer buying from someone else. Company advertisements say “drivers that switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why insurance companies can confidently make claims that they all have the best rates.

Each company has different criteria, so you really need to get price quotes at each policy renewal. It’s just too difficult to predict which company will have better prices than you’re paying now.

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Insurance coverage breakdown

Learning about specific coverages of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like fire damage, a tree branch falling on your vehicle and hitting a bird. The highest amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for medical expenses

Med pay and PIP coverage provide coverage for immediate expenses like nursing services, EMT expenses, X-ray expenses and prosthetic devices. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for collisions

This coverage covers damage to your CR-V resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with another moving vehicle, colliding with a tree and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Honda CR-V.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Auto liability

This will cover damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like emergency aid, medical services, structural damage, loss of income and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

In Summary

You just read many ways to reduce 2008 Honda CR-V insurance rates online. The key thing to remember is the more you quote car insurance, the more likely it is that you will get a better rate. You may be surprised to find that the best price on auto insurance is with the smaller companies.

Consumers switch companies for many reasons like being labeled a high risk driver, policy non-renewal, poor customer service or even delays in paying claims. No matter why you want to switch, switching auto insurance companies is easier than you think.

Cheaper auto insurance can be bought from both online companies in addition to local insurance agencies, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers may not provide internet price quotes and many times these regional carriers only sell coverage through independent insurance agents.

To read more, feel free to browse these articles:

• Rollover Crash FAQ (iihs.org)
• Who Has Affordable Auto Insurance Rates for a Honda CR-V in Louisville? (LouisvilleInsure.com)
• Drunk Driving Statistics (Insurance Information Insitute)
• Car Insurance FAQ (Trusted Choice)
• What Does No-Fault Insurance Cover? (Allstate)
• Your Car has been Stolen: Now What? (Allstate)
• What is Gap Insurance? (Insurance Information Insitute)

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