2002 Honda CR-V Insurance Rates

Tired of scraping the payment together to insure your Honda every month? You’re in the same situation as the majority of other car owners.

Lots of insurance companies contend for your insurance dollar, so it can be very hard to choose a company and get the best coverage at the best price available.

It’s a good idea to compare prices periodically due to the fact that insurance rates fluctuate regularly. Just because you had the best rates for CR-V coverage on your last policy other companies may now be cheaper. Starting now, forget all the misinformation about insurance because I’m going to teach you the quickest way to find lower rates on insurance.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these methods. Choosing the best insurance company for you is not rocket science. But drivers do need to know how the larger insurance companies price online insurance because it can help you find the best coverage.

Are you getting all your discounts?

Car insurance can cost a lot, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of purchase, but some may not be applied and must be specially asked for before you will receive the discount.

  • Sign Online – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% for CR-V coverage with certain companies.
  • Defensive Driving Course – Completing a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • New Car Discount – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Early Switch Discount – Select companies give a discount for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Accident Waiver – A handful of insurance companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to specific coverage prices like medical payments or collision. So even though it sounds like you can get free auto insurance, it just doesn’t work that way. But any discount will help reduce your premiums.

Companies who might offer these benefits are:

Double check with every prospective company how you can save money. Some discounts might not apply in your state.

How to Get Auto Insurance Comparison Quotes

There are several ways of comparing rate quotes from different insurance companies. The best way to compare 2002 Honda CR-V insurance prices is simply to get online rate quotes. This can be accomplished using a couple different methods.

  1. The first (and easiest) way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This method saves time by eliminating repetitive form submissions for each company you want a rate for. One quote request will get you price quotes from multiple companies.
  2. A more time consuming way to compare rate quotes requires you to visit the website for every company you want to comare and request a quote. For sake of this example, let’s assume you want rates from Nationwide, Allstate and Liberty Mutual. To find out each rate you need to visit each site to enter your coverage information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

Whichever way you use, be sure to compare apples-to-apples coverages and limits for every company. If you have unequal deductibles or liability limits it’s not possible to determine the lowest rate for your Honda CR-V. Slightly different coverages can make a big difference in price. Just keep in mind that getting more free quotes will enable you to find a better price.

These factors can influence Honda CR-V insurance rates

Smart consumers have a good feel for the different types of things that help determine insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that can help you get big savings.

The following are a partial list of the pieces used by your company to calculate your rates.

  • Protect your assets with liability insurance – Liability coverage is the coverage that protects you if you are found to be at fault for personal injury or accident damage. Liability insurance provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.
  • Never let your coverage lapse – Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your insurance expire. And not only will insurance be more expensive, getting caught without coverage may earn you a revoked license or a big fine.
  • A clean driving record saves money – Your driving citation history has a huge affect on how much you pay. Just one ticket can increase rates twenty percent or more. Good drivers receive lower rates than people who have multiple driving citations. Drivers who have severe citations such as DWI, reckless driving or hit and run convictions may need to file a SR-22 with their state DMV in order to drive a vehicle legally.
  • Drive less and save money – The more miles you rack up on your Honda each year the higher your rate. Most companies rate vehicles based upon how you use the vehicle. Cars that are left in the garage qualify for better rates compared to those used for work or business. Verify your insurance policy shows how each vehicle is driven. If your policy improperly rates your CR-V can cost quite a bit.
  • Older drivers save more – Older insureds are more cautious drivers, file fewer claims and are safer drivers. Youthful drivers are known to be more careless when behind the wheel therefore insurance rates are much higher.
  • Sex matters – Statistics demonstrate that women are safer drivers than men. However, this does not mean men are worse drivers. Both sexes are in accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and are penalized with high insurance rates.
  • Being married can save on insurance – Being married helps lower the price on your insurance policy. It is viewed as being more mature and responsible and it’s proven that drivers who are married are more cautious.

Tailor your coverage to you

When it comes to buying adequate coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions may help you determine whether your personal situation may require specific advice.

  • What is the rate difference between pleasure use and commuting?
  • When should I drop full coverage on my 2002 Honda CR-V?
  • Should I get collision insurance on every vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • What are the financial responsibility laws in my state?
  • I don’t drive much so do I pay less?

If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Can switching companies really save?

Car insurance companies such as State Farm and Allstate regularly use television and radio advertisements. They all seem to have a common claim that you can save if you move to their company. How can each company claim to save you money? It’s all in the numbers.

Different companies can use profiling for the type of customer they prefer to insure. For example, a profitable customer might be between 25 and 40, has no tickets, and chooses high deductibles. A customer getting a price quote who meets those qualifications is entitled to the best price and as a result will probably pay quite a bit less when switching companies.

Drivers who don’t measure up to this ideal profile will be charged a higher premium and ends up with business not being written. Company advertisements say “people who switch” not “everyone that quotes” save that much money. That’s the way insurance companies can make those claims.

That is why you need to compare as many rates as you can. It is impossible to predict which car insurance company will fit your personal profile best.

Insurance policy coverages for a 2002 Honda CR-V

Knowing the specifics of a insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on most insurance policies.

Auto liability – Liability insurance can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for 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. As an example, you may have limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like funeral expenses, loss of income and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses such as hospital visits, rehabilitation expenses and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Honda CR-V.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.

Collision coverages – This coverage pays for damage to your CR-V resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, scraping a guard rail, colliding with a tree, rolling your car and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive coverage – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a bird, damage from a tornado or hurricane, a broken windshield, a tree branch falling on your vehicle and theft. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Smart consumers save more

Low-cost 2002 Honda CR-V insurance is possible online as well as from independent agents, and you need to comparison shop both to have the best selection. Some insurance companies don’t offer online quoting and these smaller companies work with independent agents.

While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut full coverage only to regret that the savings was not a smart move. Your aim should be to find the BEST coverage at a price you can afford while still protecting your assets.

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