2016 Honda CR-V Insurance Rates – 8 Ways to Save

Looking for lower car insurance rates for your Honda CR-V? Are you regretting buying overpriced car insurance? Don’t feel bad because many consumers are in the same pinch. Lots of car insurance companies contend for your hard-earned dollar, so it’s not easy to compare every company and get the definite best rates possible.

Smart consumers take time to get comparison quotes periodically because car insurance rates change regularly. Despite the fact that you may have had the best deal for CR-V insurance on your last policy a different company probably has better prices today. Forget anything you know (or think you know) about car insurance because you’re about to learn the easiest way to eliminate unnecessary coverages and save money.

If you are insured now or are shopping for new coverage, you can use this information to reduce the price you pay while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners just need to understand the most efficient way to compare prices online.

The quickest way to compare rates is to know the fact auto insurance companies allow for online access to give free rates quotes. The one thing you need to do is provide the companies a bit of rating information like if it has an alarm system, whether you are single or married, whether or not you need a SR-22, and how much coverage you want. Your insurance information is then submitted to multiple different insurance companies and you get price estimates almost instantly.

To find the cheapest car insurance rates, click here and find out if you can get cheaper insurance.

Lower-cost car insurance rates with discounts

Companies that sell car insurance do not advertise every policy discount very clearly, so we researched both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.

• Low Mileage – Driving fewer miles can qualify you for better rates on cars that stay parked.
• Anti-lock Brake System – Anti-lock brake equipped vehicles can stop better under adverse conditions and earn discounts up to 10%.
• Save over 55 – Seniors could receive reduced rates for CR-V insurance.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and that can save you a little bit as well.
• Passive Restraints and Air Bags – Vehicles equipped with air bags can receive discounts of more than 20%.
• Discount for New Cars – Buying a new car model can save up to 30% due to better safety requirements for new vehicles.
• Military Rewards – Being deployed with a military unit could trigger a small discount.
• Bundle and Save – If you insure your home and vehicles with the same company they may give you a discount of at least 10% off all policies.

A little note about advertised discounts, some of the credits will not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

A partial list of companies that may offer policyholders some of the above discounts include:

• State Farm
• Progressive
• Travelers
• American Family
• Liberty Mutual

Double check with each company or agent how many discounts you can get. Savings might not be offered everywhere. If you would like to see a list of companies that offer discounts, click this link.

Tailor your insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions can help discover if your insurance needs might need an agent’s assistance.

• Do I pay less for low miles?
• Am I covered if I break a side mirror?
• Are there companies who specialize in insuring high-risk drivers?
• Does my personal policy cover me when driving out-of-state?
• Can my babysitter drive my car?
• At what point should I drop full coverage?
• Can I drive in Mexico and have coverage?
• When should I remove comp and collision on my 2016 Honda CR-V?

If you’re not sure about those questions, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Parts of your insurance policy

Learning about specific coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like X-ray expenses, ambulance fees, chiropractic care and doctor visits. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

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

Collision insurance covers things like damaging your car on a curb, crashing into a building and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage – This covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hitting a bird, a broken windshield, vandalism and hail damage. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability auto insurance – This coverage can cover injuries or damage you cause to a person or their property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for claims such as legal defense fees, loss of income, pain and suffering, emergency aid and structural damage. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Honda CR-V.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Be a Smart Shopper

Cheaper 2016 Honda CR-V insurance is definitely available both online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies don’t offer internet price quotes and these regional insurance providers prefer to sell through independent insurance agencies.

When shopping online for auto insurance, you should never skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed full coverage only to regret they didn’t have enough coverage. The proper strategy is to get the best coverage possible at the best price, but do not skimp to save money.

Throughout this article, we presented a lot of techniques to shop for 2016 Honda CR-V insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may even find the most savings is with an unexpected company. These companies may have significantly lower rates on certain market segments compared to the large companies like Progressive or Geico.

More learning opportunities

• Liability Insurance Coverage (Nationwide)
• What is a Telematics Device? (Allstate)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• Auto Insurance Learning Center (State Farm)