Save on 2001 Honda CR-V Insurance Rates

I can’t think of anyone who looks forward to buying auto insurance, especially when their premiums are through the roof.

There are many car insurance companies to buy insurance from, and although it’s a good thing to have a choice, it makes it harder to adequately compare rates.

Smart consumers take time to compare prices once or twice a year because rates are constantly changing. If you had the lowest rates on CR-V coverage a year ago a different company probably has better rates today. There is a lot of bad advice regarding auto insurance online but we’re going to give you a bunch of ideas how to find affordable auto insurance.

The quickest way to compare rate quotes is to know the fact almost all companies have advanced systems to give free rates quotes. To begin a comparison, all you need to do is give the companies some data including daily mileage, coverage limits, if it has an anti-theft system, and if you lease or own. The data gets sent immediately to multiple different insurance companies and they return cost estimate almost instantly.

To check rates for your 2001 Honda CR-V, click here and find out if lower rates are available.

Drivers who switch save $407 a year? Really?

Progressive, Allstate and Geico continually stream television and radio advertisements. All the companies make an identical promise about savings after switching to them. How does each company say the same thing? This is how they do it.

Insurance companies have a certain “appetite” for the type of driver they prefer to insure. For instance, a driver they prefer might be profiled as over the age of 50, has no driving citations, and has a short commute. Any driver who meets those qualifications is entitled to the best price and most likely will save when switching.

Potential insureds who don’t qualify for these standards will have to pay a higher premium and ends up with business not being written. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That’s why insurance companies can confidently claim big savings. Because of the profiling, it is so important to compare many company’s rates. You cannot predict which insurance companies will fit your personal profile best.

Discounts are available to cut your rates

Companies offering auto insurance don’t always list every discount very clearly, so here is a list some of the best known and also the lesser-known savings tricks you should be using.

Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
Multiple Cars – Buying coverage for all your vehicles on the same car insurance policy qualifies for this discount.
No Accidents – Good drivers with no accidents pay much less as compared to drivers who are more careless.
Homeowners Pay Less – Owning a home may trigger a car insurance policy discount due to the fact that maintaining a home requires personal responsibility.
Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with lower rates on the low mileage vehicles.
Life Insurance Discount – Companies who offer life insurance give lower rates if you buy a life insurance policy as well.
Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on CR-V coverage than drivers with accident claims.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as collision or personal injury protection. So despite the fact that it appears you could get a free car insurance policy, it doesn’t quite work that way.

To see a list of providers with the best car insurance discounts, click here to view.

Everyone needs different coverages

When choosing coverage, there is no single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For instance, these questions could help you determine whether you would benefit from an agent’s advice.

When should I buy a commercial auto policy?
When should I remove comp and collision on my 2001 Honda CR-V?
I don’t drive much so do I pay less?
Is my 2001 Honda CR-V covered for flood damage?
Is business equipment covered while in my vehicle?
How much liability coverage do I need in my state?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Auto insurance 101

Having a good grasp of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most auto insurance policies.

Auto liability

This coverage can cover damage or injury you incur to a person or their property by causing an accident. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like pain and suffering, repair bills for other people’s vehicles, medical expenses and legal defense fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 2001 Honda CR-V.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for bills like EMT expenses, chiropractic care and doctor visits. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Collision protection

Collision coverage pays for damage to your CR-V caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like crashing into a building, hitting a mailbox, sideswiping another vehicle, crashing into a ditch and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, damage from flooding, fire damage and a tree branch falling on your vehicle. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Be a smart shopper

We just presented a lot of ways to compare 2001 Honda CR-V insurance prices online. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. Consumers could even find that the lowest priced auto insurance comes from some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Geico and State Farm.

Low-cost insurance is available both online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies may not provide online price quotes and these small insurance companies work with independent agents.

When trying to cut insurance costs, you should never reduce needed coverages to save money. In many instances, an accident victim reduced comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your focus should be to buy the best coverage you can find for the lowest price.