2004 Honda CR-V Car Insurance Cost

Want better insurance coverage rates for your Honda CR-V? Buying the lowest price insurance coverage online can appear to be challenging for people not familiar with comparing rates and buying insurance coverage online. With more and more online companies available, how are people able to have time to compare all the different companies and get lower insurance coverage premiums?

Finding the best rates is not that difficult. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these methods. Although vehicle owners do need to understand how insurance companies price online insurance and use this information to your advantage.

Informed decisions result in lower insurance premiums

A large part of saving on car insurance is knowing some of the things that go into determining your policy premiums. If you understand what determines premiums, this helps enable you to make changes that may result in lower rates.

  • Don’t abuse car insurance claims – Companies provide the best rates to insureds who do not file claims often. If you are the type of insured that files lots of claims you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for claims that pose a financial burden.
  • Drive less and get lower costs – The more you drive your Honda every year the more you’ll pay to insure it. A lot of insurance companies rate vehicles partially by how you use the vehicle. Vehicles that do not get driven very much can be on a lower rate level than cars that get driven a lot. It’s a good idea to make sure your car insurance declarations sheet correctly shows the right rating data. Improper usage on your CR-V can result in significantly higher rates.
  • Prevent theft and save – Choosing a vehicle with a theft deterrent system can get you a discount on your car insurance. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Your location is important – Living in less populated areas of the country can be a good thing when buying car insurance. Less people means reduced accidents as well as less vandalism and auto theft. Drivers who live in large cities have more traffic problems and more time behind the wheel. Higher commute times translates into higher accident risk.
  • Don’t let your policy lapse – Allowing your car insurance policy to lapse can be a sure-fire way to pay more for car insurance. Not only will rates go up, being ticketed for driving with no insurance could result in a hefty fine and possibly a revoked license. You may have to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Eliminate extra coverages – There are quite a few extra coverages you can purchase when buying car insurance. Add-on coverages like roadside assistance, towing, and extra equipment coverage are some examples. They may seem good when talking to your agent, but your money might be better spent on other coverage so get rid of them and save.
  • Traffic violations hurt – Having a clean driving record has a huge affect on how much you pay. Good drivers receive lower rates than their less careful counterparts. Even a single ticket may cause rates to rise by as much as twenty percent. Drivers unfortunate enough to have careless violations such as DUI or willful reckless driving may need to prove financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
  • Cheaper rates with high comp and collision deductibles – Physical damage deductibles tell how much you are required to pay if the claim is covered. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some instances where coverage would apply could be colliding with a stationary object, damage from fire, and having a roll-over accident. The more you have to pay, the less money you will pay for car insurance for CR-V insurance.

These discounts can reduce car insurance rates

Auto insurance companies don’t list every available discount in a way that’s easy to find, so the list below contains some of the best known and the harder-to-find credits that you can use to lower your rates.

  • Distant Student Discount – who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
  • Military Deployment Discount – Being deployed in the military could qualify you for better rates.
  • Driver Training Discounts – Taking time to complete a safe driver course may get you a small discount depending on where you live.
  • One Accident Forgiven – but companies like Progressive, State Farm and GEICO will let one accident slide before they charge you more for coverage if your claims history is clear before the accident.
  • Low Miles Discount – Maintaining low annual mileage could be rewarded with lower premium rates on the low mileage vehicles.
  • Anti-lock Brake System – Cars and trucks with ABS and/or traction control are safer to drive so companies give up to a 10% discount.

Don’t be shocked that most discounts do not apply to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

Some companies that may have these discounts include:

It’s a good idea to ask all the companies which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered in every state.

When do I need an agent’s advice?

When choosing the best auto insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different.

For example, these questions can aid in determining whether you may require specific advice.

  • Does my 2004 Honda CR-V need full coverage?
  • If my 2004 Honda CR-V is totaled, can I afford another vehicle?
  • What if I total my 2004 Honda CR-V and owe more than it’s worth?
  • What is roadside assistance coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Insurance coverages explained

Understanding the coverages of your insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive insurance – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a deer, vandalism, damage from flooding and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage – Collision coverage covers damage to your CR-V caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as backing into a parked car, colliding with a tree, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Liability coverages – Liability coverage can cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like medical expenses, emergency aid, bail bonds, attorney fees and funeral expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Honda CR-V.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for bills such as EMT expenses, X-ray expenses and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Online plus local equals savings

Insureds change insurance companies for a variety of reasons including extreme rates for teen drivers, poor customer service, delays in paying claims and an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding the right auto insurance provider is not as difficult as it may seem.

Budget-friendly auto insurance is available on the web as well as from insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers do not offer price quotes online and many times these smaller providers work with independent agents.

We just covered a lot of techniques to shop for 2004 Honda CR-V insurance online. The key thing to remember is the more rate comparisons you have, 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.

Additional information