2012 Honda CR-Z Insurance Cost

Want cheaper car insurance rates for your Honda CR-Z? No one fancies paying their premiums for car insurance, especially when they could find better prices if they shop around.

Due to the fact that there are so many options when it comes to car insurance, it is very difficult to pick the lowest cost company.

You should take the time to get comparison quotes before your next renewal since insurance prices are rarely the same from one policy term to another. Even if you think you had the lowest rate on CR-Z insurance at your last renewal the chances are good that you can find a lower premium rate today. Block out anything you think you know about car insurance because you’re about to learn how to use online quotes to properly buy coverages and cut your premium.

Auto insurance policy discounts

Some insurers do not advertise all their discounts in an easy-to-find place, so the below list has both well-publicized as well as some of the hidden discounts you could be receiving when you buy car insurance online. If they aren’t giving you every credit you qualify for, you could be paying more than you need to.

  • E-sign – A few companies give back up to $50 for buying your policy digitally online.
  • One Accident Forgiven – This one is not really a discount per se, but companies like Libery Mutual, GEICO and Allstate will allow you to have one accident before your rates go up with the catch being you have to be claim-free for a certain period of time.
  • Data Collection Discounts – Insureds who allow data collection to scrutinize vehicle usage by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease as long as they are good drivers.
  • Multi-policy Discount – If you can combine your home and auto policy and insure them both with the same insurance company you will save 10% to 20% off each policy.
  • Auto/Life Discount – Not all auto insurance companies offer life insurance, but some may give you lower premium rates if you buy life insurance.
  • Student in College – College-age children who are enrolled in a college that is more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Employee of Federal Government – Having worked for a branch of the government could provide a small rate reduction on CR-Z insurance with some auto insurance companies.

It’s important to understand that many deductions do not apply the the whole policy. Most only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

A few of the larger companies and some of the premium reductions they offer are:

  • Progressive offers premium reductions for online signing, good student, multi-policy, online quote discount, homeowner, continuous coverage, and multi-vehicle.
  • The Hartford includes discounts for anti-theft, vehicle fuel type, bundle, defensive driver, and air bag.
  • Mercury Insurance has savings for anti-theft, annual mileage, professional/association, age of vehicle, and good driver.
  • GEICO has discounts for multi-vehicle, driver training, five-year accident-free, federal employee, and seat belt use.
  • AAA may include discounts for education and occupation, AAA membership discount, multi-policy, pay-in-full, anti-theft, and multi-car.
  • State Farm discounts include safe vehicle, anti-theft, driver’s education, multiple autos, passive restraint, accident-free, and multiple policy.

When getting free car insurance quotes, it’s a good idea to each insurance company which discounts you qualify for. Some of the discounts discussed earlier might not be offered in your area. If you would like to see a list of insurers with significant discounts, follow this link.

Five things that impact your insurance premiums

Many different elements are used when you get a price on insurance. A few of the factors are predictable such as traffic violations, but some are not quite as obvious like your vehicle usage or your financial responsibility.Part of the insurance buying process is learning some of the factors that go into determining your premiums. If you have some idea of what determines premiums, this enables you to make decisions that may result in lower insurance prices.

The following are most of the major factors companies use to determine premiums.

  • Extra policy coverages can add up – Insurance companies have many extra coverages that can waste your money if you aren’t careful. Coverage for things like replacement cost coverage, accident forgiveness, and motor club memberships may not be needed and are just wasting money. You may think they are a good idea initially, but if you don’t need them get rid of them and save.
  • A lcoverage lapse is a bad thing – Going without insurance can be a quick way to increase your insurance rates. In addition to paying higher rates, being ticketed for driving with no insurance may result in fines or a revoked license.
  • Do you know you’re credit score? – Credit rating will be a significant factor in your rate calculation. If your credit score leaves room for improvement, you could save money insuring your 2012 Honda CR-Z by repairing your credit. Drivers with excellent credit scores tend to be better risks to insure as compared to drivers with bad credit.
  • Don’t skimp on liability protection – A critical coverage on your policy, liability insurance provides coverage when you are responsible for causing damage or personal injury in an accident. Liability provides you with a defense in court which can cost a lot. This coverage is relatively inexpensive as compared to coverage for physical damage, so do not cut corners here.
  • Youthful drivers cost more – Older, more experienced drivers have been proven to be more responsible, cost insurance companies less in claims and receive fewer citations.Drivers with little experience tend to get distracted easily when behind the wheel and because of this, their insurance rates are much higher.

How do I know if I need professional advice?

When it comes to choosing the best insurance coverage coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your situation may require specific advice.

  • What is roadside assistance coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need rental car coverage?
  • I don’t drive much so do I pay less?
  • What is covered by UM/UIM coverage?
  • Does medical payments coverage apply to all occupants?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

What car insurance coverages do you need?

Understanding the coverages of a car insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types offered by car insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like driving through your garage door, sustaining damage from a pot hole, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, falling objects, rock chips in glass and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for immediate expenses like EMT expenses, doctor visits, hospital visits, surgery and X-ray expenses. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as 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

Liability insurance

This coverage protects you from injuries or damage you cause to a person or their property. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things like emergency aid, loss of income, pain and suffering, court costs and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Keep this in mind

More affordable auto insurance can be found from both online companies and from local insurance agents, so you need to quote car insurance with both to have the best selection. Some insurance providers do not offer rate quotes online and these regional carriers only sell through independent insurance agents.

We just presented many ways to compare 2012 Honda CR-Z insurance rates online. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding cheap car insurance. You may even find the best price on auto insurance is with a small mutual company. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate or State Farm.

For more information, link through to these articles: