Cheaper 2016 Honda CR-Z Insurance Cost

Tired of wondering where the money will come from to pay your auto insurance bill each month? Your situation is no different than millions of other drivers. Many car insurance companies compete for your insurance dollar, so it’s not easy to compare every company to get the lowest cost out there.

If you have a policy now or need new coverage, you can use these tips to find better prices while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners just need to understand the tricks to shop for car insurance over the internet.

How to shop auto insurance online

Finding cheap auto insurance rates is not rocket science. All that’s required is to spend a few minutes on the computer comparing rates to see which company has cheaper insurance coverage quotes. You can get a good selection of rate quotes using a couple different methods.

  1. The recommended way to find low rates is to use a rate comparison form (click to open form in new window). This form saves time by eliminating multiple quote forms for every auto insurance company. One form submission gets you coverage quotes from auto insurance companies with the best prices.
  2. A more time consuming way to shop for auto insurance online is going to each individual company website to complete a price quote. For sake of this example, let’s say you want comparison quotes from Liberty Mutual, Safeco and Allstate. To get rate quotes you would need to spend time on each company’s site and repeatedly type in your coverage information, which explains why we recommend starting with the first method.

    To view a list of companies in your area, click here.

It’s your choice how you get your quotes, but do your best to enter the same information on every quote. If your comparisons have mixed coverages you will not be able to determine the best price for your Honda CR-Z.

Earn discounts to get lower-cost insurance coverage rates

Some companies don’t always advertise all disounts in an easy-to-find place, so the below list has both well-publicized and the more hidden discounts that you may qualify for.

  • Bundled Policy Discount – If you can bundle your auto and home insurance with the same company you may save at least 10% off all policies.
  • Homeowners Savings – Being a homeowner may trigger a policy discount on insurance coverage because of the fact that having a home is proof that your finances are in order.
  • Save with More Vehicles Insured – Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • Defensive Driver Discount – Taking part in a course in driver safety may get you a small discount if you qualify.
  • Military Discounts – Having a deployed family member could be rewarded with lower insurance coverage rates.
  • Driver’s Education for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.

We need to note that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.

Large insurance coverage companies and their offered discounts include:

  • State Farm may offer discounts for accident-free, defensive driving training, good student, Steer Clear safe driver discount, and driver’s education.
  • Farmers Insurance discounts include youthful driver, multi-car, electronic funds transfer, mature driver, pay in full, bundle discounts, and good student.
  • Geico may have discounts that include defensive driver, federal employee, military active duty, anti-lock brakes, and daytime running lights.
  • American Family may include discounts for good driver, TimeAway discount, bundled insurance, defensive driver, early bird, and multi-vehicle.
  • Nationwide has savings for easy pay, defensive driving, anti-theft, good student, and business or organization.
  • Progressive offers discounts including multi-policy, multi-vehicle, online quote discount, online signing, and homeowner.

Before you buy a policy, ask each company or agent what discounts are available to you. Some discounts might not be offered everywhere.

Tailor your insurance coverage coverage to you

When it comes to choosing coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions can help discover whether or not you might need an agent’s assistance.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Does my insurance cover my expensive audio equipment?
  • At what point should I drop full coverage?
  • Does my 2016 Honda CR-Z need full coverage?
  • Can I get a multi-policy discount?
  • Is my Honda CR-Z covered if I use it for business?
  • What discounts do I qualify for?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

What determines Honda CR-Z insurance premiums?

The best way to find cheaper insurance coverage is to take a look at the rating factors that help determine your insurance coverage rates. If you understand what determines base rates, this enables informed choices that will entitle you to better insurance coverage rates.

  • Tickets mean higher costs – Careful drivers pay less for auto insurance as compared to those with violations. Getting just one speeding ticket or other violation could increase your next policy renewal twenty percent or more. Drivers unfortunate enough to have serious violations such as DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state’s licensing department in order to prevent their license from being revoked.
  • Better insurance coverage rates for no policy lapses – Allowing your coverage to lapse is a guaranteed way to bump up your insurance coverage costs. And not only will your rates increase, being ticketed for driving with no insurance could earn you a steep fine or even jail time. Then you may be required to file a SR-22 with your state motor vehicle department.
  • Men drivers tend to cost more – Statistics have proven that females take fewer risks when driving. However, don’t assume that females are better at driving than males. Both sexes tend to get into fender benders in similar numbers, but the men have accidents that have higher claims. Men also statistically have more aggressive citations such as DWI and reckless driving. Youthful male drivers have the highest risk to insure and therefore pay the highest rates.
  • Save money with GPS tracking and theft deterrents – Selecting a car model with anti-theft technology or alarm system can help lower your premiums. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop car theft.
  • High insurance coverage claims frequency drives up prices – If you are a frequent claim filer, you can definitely plan on much higher rates or policy non-renewal. Companies give the lowest premiums to insureds who are not frequent claim filers. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Liability coverage limits should be high – Your insurance coverage policy’s liability coverage is the protection if ever you are ruled to be at fault for causing damage or personal injury in an accident. Your liability coverage provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to comp and collision, so buy as much as you can afford.
  • Teenagers are high risk – Teenage drivers are proven to be careless and easily distracted behind the wheel therefore insurance coverage rates are much higher. Parents adding a teenage driver onto a policy can break the bank. Older people are shown to be more cautious, tend to file fewer claims and receive fewer citations.

Can you really save $422 a year?

Consumers can’t get away from ads that claim the cheapest premium rates by Allstate and Progressive. They all make an identical promise about how much you will save just by moving your coverage to them.

But how can every company offer you a better deal? Here is the trick they use.

All companies have strict underwriting profiles for the type of driver that will not have excessive claims. For instance, a desirable risk might be a married female, has few claims, and the vehicle is rated for pleasure use. A propective insured who matches those parameters will get the preferred car insurance rates and will most likely pay quite a bit less when switching companies.

Potential customers who don’t qualify for this ideal profile will be charged higher rates and business not being written. The wording the ads use say “people who switch” not “all people who quote” save money. That’s the way companies can make claims like that. This really illustrates why drivers should get a wide range of price quotes. It’s just not possible to know which company will provide you with the cheapest car insurance rates.

Car insurance coverage information

Knowing the specifics of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on the average car insurance policy.

Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like falling objects, theft and damage from a tornado or hurricane. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability insurance – This can cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage pays for things such as repair costs for stationary objects, bail bonds, legal defense fees and pain and suffering. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for short-term medical expenses for ambulance fees, EMT expenses, funeral costs and prosthetic devices. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverages – Collision coverage covers damage to your CR-Z caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a building, scraping a guard rail, sideswiping another vehicle and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. You can also raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people 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 important protection for you and your family.

One last thing

A few companies may not offer rates over the internet and many times these regional carriers provide coverage only through independent agents. Affordable 2016 Honda CR-Z insurance is available on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection.

As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. Too many times, an insured cut full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

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