Lower Your 2002 Honda CR-V Insurance Rates

Looking for better insurance coverage rates for your Honda CR-V? Finding low-cost insurance coverage online might seem difficult for consumers not familiar with comparing rates on the web. When there are so many online companies available, how can you have a chance to compare every company to locate the lowest price available?

If you have car insurance now, you should be able to lower your premiums substantially using these tips. Finding affordable insurance coverage coverage is easy if you know what you’re doing. Nevertheless, vehicle owners need to have an understanding of how the larger insurance companies compete online because it can help you find the best coverage.

Compare auto insurance rate quotes online

To find more affordable rates, there are a couple of ways of comparing rate quotes from companies that offer auto insurance in your state. The easiest way to find the cheapest Honda CR-V insurance rates consists of shopping online. This is quite simple and can be completed in a couple of different ways.

Probably the best way to get the best comparison quotes is to use a rate comparison form like this one (opens in new window). This form eliminates the need for repetitive form submissions for every prospective company. A single form will return price quotes from several companies. It’s definitely the quickest method.

A harder way to compare prices requires visiting the website for each individual company and repeat the quote process. For instance, we’ll assume you want to see prices from Allstate, Farmers and American Family. To get rate quotes you would need to take the time to go to each site and enter your policy data, which is why most consumers use the first method. To view a list of companies in your area, click here.

Compare rates however you want, just make sure you are using exactly the same quote data for each quote you get. If you compare mixed coverages it will be impossible to find the best deal for your Honda CR-V. Having just a slight variation in coverages could throw off the whole comparison. Just remember that more quotes helps locate the best offered rates.

Is there deception in advertising?

Companies like Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on television and other media. All the companies tend to make the same promise that you can save if you get a free car insurance quote and switch your insurance coverage coverage to their company. It sounds good, but how can they all claim to save you money?

Many companies require specific criteria for the right customer that will be a good risk. For example, this type of insured may need to be a mature driver, owns a home, and the vehicle is rated for pleasure use. Any new insured who matches those parameters will probably get the lowest prices and have a good chance to save a lot if they switch.

Insureds who fall short of this stringent profile must pay more expensive rates and this results in the customer not buying. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently lure you into getting a quote.

Because of the profiling, you need to quote coverage with many companies. It’s just not possible to know which company will have the best car insurance rates for your profile.

How do insurers determine Honda CR-V insurance costs?

Many different elements are considered when quoting car insurance. Some are pretty understandable like your driving record, but other factors are not quite as obvious such as your credit history or your financial responsibility.The best way to find cheaper insurance coverage is to take a look at some of the things that come into play when calculating insurance coverage rates. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that could result in much lower annual insurance costs.

  • Get better premiums after the wedding – Having a spouse actually saves money on your policy. It translates into being more mature and responsible and it’s proven that married couples file fewer claims.
  • Insure your auto and home with one company – Most larger insurance companies provide discounts to people that buy multiple policies such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more Even if you qualify for this discount already, consumers should still comparison shop to ensure the best deal. It’s possible to still save more without the discount even if you have your coverage with different companies
  • Less chance of injury means lower insurance coverage rates – Vehicles with good safety scores tend to have better insurance rates. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries means less claims paid passed on to you as lower rates. If your Honda CR-V earned at least four stars on Safercar.gov it is probably cheaper to insure.
  • Liability insurance limits on your policy – Your insurance coverage policy’s liability coverage provides coverage if a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides legal defense which can be incredibly expensive. Liability insurance is pretty cheap compared to other policy coverages, so buy as much as you can afford.
  • Lower rates come with age – Older, more experienced drivers are shown to be more cautious, are lower risk to insure , and are generally more financially stable.Beginning drivers are proven to get distracted easily behind the wheel so they pay higher insurance coverage rates.
  • Premiums may be higher where you live – Having an address in less populated areas of the country can save you money if you are looking for the lowest rates. Fewer drivers on the road means less chance of accidents and lower theft and vandalism rates. Urban drivers have traffic congestion and more severe claims. More time commuting statistically corresponds to a higher accident and claim rate.
  • Poor credit can mean higher premiums – Credit score is a big factor in determining premium rates. People with high credit ratings tend to be better risks to insure than drivers who have poor credit. If your credit can use some improvement, you could be paying less to insure your 2002 Honda CR-V by improving your credit score.

Get cheaper insurance coverage with discounts

Companies that sell car insurance don’t always publicize every disount available very well, so the below list has both the well known and the more hidden discounts that you may qualify for. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Claim Free – Drivers who stay claim-free have much lower rates when compared to bad drivers.
  • Low Mileage Discounts – Fewer annual miles on your Honda could qualify for slightly better rates than normal.
  • Accident Forgiveness – but companies like GEICO, Progressive, and Allstate allow you one accident without raising rates if you are claim-free prior to the accident.
  • Renewal Discounts – Some companies provide a discount for switching policies prior to your current policy expiring. This discount can save up to 10%.
  • Payment Method – By paying your entire bill at once instead of monthly or quarterly installments you could save 5% or more.
  • Lower Rates for Military – Having an actively deployed family member could qualify you for better insurance coverage rates.
  • Policy Bundle Discount – If you insure your home and vehicles with one insurance company they may give you a discount of approximately 10% to 15%.
  • Use Seat Belts – Requiring all passengers to buckle up before driving may be able to save a few bucks off the personal injury premium cost.

As a footnote on discounts, most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as medical payments or collision. So even though you would think you could get a free insurance coverage policy, it’s just not the way it works. Any amount of discount will bring down the cost of your policy.

The best insurance coverage companies and a partial list of their discounts are outlined below.

  • American Family offers discounts including mySafetyValet, early bird, good student, accident-free, and defensive driver.
  • State Farm policyholders can earn discounts including multiple policy, multiple autos, student away at school, Drive Safe & Save, safe vehicle, and anti-theft.
  • 21st Century has discounts for 55 and older, anti-lock brakes, teen driver, driver training, automatic seat belts, and homeowners.
  • Travelers may offer discounts for multi-policy, driver training, payment discounts, good student, and multi-car.
  • GEICO has savings for multi-policy, anti-lock brakes, multi-vehicle, driver training, daytime running lights, and military active duty.

Check with every insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be offered in your state. If you would like to view insurance companies that offer some of these discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s needs are different.

For example, these questions can help discover whether or not you could use an agent’s help.

  • Can my teen drive my company car?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I have coverage when pulling a U-Haul trailer?
  • Which companies will insure high-risk drivers?
  • What is UM/UIM insurance?
  • Does coverage extend to my business vehicle?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form.

Car insurance coverages for a 2002 Honda CR-V

Knowing the specifics of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Honda CR-V.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hitting a deer, a broken windshield, rock chips in glass and damage from flooding. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision insurance

This coverage covers damage to your CR-V caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a ditch, damaging your car on a curb, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for surgery, ambulance fees, EMT expenses and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance can cover damage or injury you incur to people or other property by causing an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for things like medical expenses, court costs and bail bonds. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

In conclusion

People who switch companies do it for any number of reasons including high prices, delays in responding to claim requests, lack of trust in their agent and poor customer service. No matter why you want to switch, finding a new company is pretty easy and you might even save some money in the process.

More affordable insurance coverage can be sourced both online in addition to local insurance agencies, and you need to price shop both to get a complete price analysis. Some insurance companies do not offer online quoting and these small, regional companies only sell through local independent agents.

We just covered some good ideas how you can compare 2002 Honda CR-V insurance car insurance rates online. The most important thing to understand is the more companies you get premium rates for, the better your chances of lowering your premium rates. You may be surprised to find that the most savings is with a small local company.

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