View 2008 Honda CR-V Insurance Rates

Are you irritated from not being able to scrape enough together to keep your car insured? You’re in the same situation as millions of other vehicle owners.

Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates to discover the definitive lowest rate possible.

It’s important to compare premium rates at least once a year because prices fluctuate regularly. If you had the best rates on CR-V insurance on your last policy you can probably find a better premium rate now. You’ll find a ton of advice on auto insurance on the web, but I’m going to show you some great ways to buy auto insurance cheaper.

How do car insurance companies determine Honda CR-V insurance prices?

Consumers need to have an understanding of a few of the rating criteria that aid in calculating the price you pay for auto insurance. If you understand what determines premiums, this enables informed choices that could result in big savings. Lots of factors are used in the calculation when premium rates are determined. Most are fairly basic such as your driving history, although some other factors are more transparent such as whether you are married or how safe your car is.

  • Gender impacts premiums – The statistics show females are less aggressive when driving. That doesn’t necessarily mean that women are BETTER drivers than men. Males and females cause accidents in similar percentages, but the male of the species have costlier accidents. Men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.
  • Five star safety rating saves money – Cars with high safety ratings can get you lower premiums. Highly rated vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Honda CR-V is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Older drivers pay less – Youthful drivers are proven to be careless and easily distracted when behind the wheel therefore auto insurance rates are much higher. More experienced drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers.
  • Don’t abuse insurance claims – Auto insurance companies award cheaper rates to people who are not frequent claim filers. If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Annual mileage and car insurance costs – Driving a lot of miles in a year the higher your rates will be. Most companies calculate rates based on how the vehicle is used. Cars that do not get driven very much receive lower rates than those used for commuting. Make sure your auto insurance policy is showing how each vehicle is driven, because it can save money. Having an incorrect usage rating on your CR-V is just wasting money.
  • Combine policies to earn discounts – Lots of insurance companies give lower prices to people that buy multiple policies, otherwise known as a multi-policy discount. Even with this discount applied, consumers should still check prices from other companies to help ensure you have the lowest rates.
  • Alarms and GPS tracking lower auto insurance rates – Choosing a vehicle with advanced anti-theft systems can help bring down rates. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft and help lower rates.

The method we recommend to compare insurance rates in your area is to understand most of the larger companies pay for the opportunity to give you rate quotes. All consumers are required to do is provide a little information including deductibles desired, driver details, an estimate of your credit level, and whether you are married. The data is instantly provided to multiple top-rated companies and they return quotes instantly to find the best rate.

If you would like to start a quote now, click here and complete the form.

Ads can be misleading

Popular car insurance providers such as State Farm, GEICO and Progressive regularly use television and radio advertisements. They all tend to make the same promise that people will save if you change your policy. How can each company charge you less for auto insurance? Just pay attention to how they say it.

Many companies have a preferred profile for the type of driver that makes them money. An example of this type of risk profile might be described as over the age of 35, owns a home, and has excellent credit. A customer getting a price quote that fits those parameters will get low rates and is almost guaranteed to save a lot of money.

Potential insureds who cannot meet the “perfect” profile may receive higher premiums which translates to the customer buying from someone else. The wording the ads use say “drivers who switch” not “everyone who quotes” will save that much if they switch. That’s the way companies can truthfully make those claims.

Because of this risk profiling, you really need to get as many free insurance quotes as possible. Because without a comparison, you cannot know which insurance companies will provide the lowest premium rates.

Pay discount rates these discounts

Car insurance companies do not advertise every discount very well, so the following is a list of a few of the more well known and the more hidden credits available to you. If you don’t get every credit possible, you are just wasting money.

  • First Accident Forgiveness – Not a discount per se, but a handful of insurance companies may permit one accident before they charge you more for coverage if your claims history is clear prior to being involved in the accident.
  • Sign Early and Save – A few insurance companies give discounts for switching to them prior to your current policy expiring. This can save 10% or more.
  • Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts could see savings of 20% or more.
  • ABS Braking Discount – Cars and trucks equipped with ABS or steering control have fewer accidents and the ABS can save up to 10%.
  • New Car Discount – Buying coverage on a new vehicle may earn a small discount because newer vehicles are generally safer.
  • Mature Driver Discount – Drivers that qualify as senior citizens can get a small decrease in premiums on CR-V insurance.
  • Safety Course Discount – Taking part in a class that teaches safe driver techniques could possibly earn you a 5% discount and also improve your driving technique.

While discounts sound great, it’s important to understand that some credits don’t apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, nobody gets a free ride. Any qualifying discounts will reduce your overall premium however.

Companies and the discounts they provide include:

  • Progressive offers discounts for online signing, multi-vehicle, multi-policy, good student, online quote discount, and continuous coverage.
  • GEICO offers premium reductions for multi-policy, daytime running lights, multi-vehicle, good student, air bags, driver training, and anti-theft.
  • State Farm may have discounts that include Drive Safe & Save, Steer Clear safe driver discount, accident-free, multiple policy, and multiple autos.
  • Esurance may include discounts for paid-in-full, defensive driver, multi-policy, homeowner, and emergency road assistance.
  • The Hartford may offer discounts for defensive driver, vehicle fuel type, anti-theft, good student, driver training, and bundle.

If you need affordable insurance quotes, ask all companies you are considering to give you their best rates. Discounts may not be available in your area.

Special considerations

When choosing the right insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs may require specific advice.

  • How much underlying liability do I need for an umbrella policy?
  • Do I need higher collision deductibles?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered if I hit my neighbor’s mailbox?
  • Do I have coverage if my license is suspended?
  • Does insurance cover damages from a DUI accident?
  • Can my babysitter drive my car?
  • Does my insurance cover a custom paint job?
  • Am I covered if I break a side mirror?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.

Insurance coverages and their meanings

Learning about specific coverages of insurance can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. These are typical coverage types available from insurance companies.

Comprehensive coverages – This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, damage from a tornado or hurricane, a tree branch falling on your vehicle, damage from getting keyed and falling objects. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like hospital visits, surgery, dental work, EMT expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as driving through your garage door, scraping a guard rail, hitting a mailbox, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability insurance – Liability coverage provides protection from injuries or damage you cause to other’s property or people. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims like funeral expenses, court costs, bail bonds and medical expenses. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Honda CR-V.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Better coverage you can count on

In this article, we covered quite a bit of information on how to get a better price on 2008 Honda CR-V insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the best price on car insurance is with a lesser-known regional company. They can often provide lower auto insurance rates in certain areas than their larger competitors like Progressive or GEICO.

Some companies don’t offer rates over the internet regional carriers sell through independent agents. The cheapest 2008 Honda CR-V insurance can be found on the web as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis.

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