2005 Honda CR-V Car Insurance Cost – 8 Tips to Save

Searching for lower insurance coverage rates for your Honda CR-V? Feel like you’re a prisoner to high-priced insurance coverage? Believe me when I say you’re not alone.

Many insurers vie to insure your vehicles, and it can be difficult to compare rates to find the absolute best rates possible.

It’s a good idea to take a look at other company’s rates periodically because prices go up and down regularly. If you had the best rates on CR-V coverage a few years ago there is a good chance you can find better rates now. So just forget all the misinformation about insurance coverage because we’re going to show you one of the best ways to save on insurance coverage.

Pay less for Honda CR-V insurance

The cost of insuring your cars can be expensive, but there could be available discounts to help bring down the price. Most are applied when you get a quote, but less common discounts must be specifically requested before you will receive the discount.

  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Use Seat Belts – Requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Sign Online – A few companies will discount your bill up to fifty bucks for buying your policy on their website.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Driver Safety – Taking a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy may reduce the rate for each vehicle.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way. Any amount of discount will cut your overall premium however.

For a list of insurers who offer insurance coverage discounts, click this link.

Tailor your coverage to you

When buying the right insurance coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For instance, these questions might help in determining whether you might need professional guidance.

  • Does my insurance cover a custom paint job?
  • Should I have combined single limit or split liability limits?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Why do I need rental car insurance?
  • Does having multiple vehicles earn me a discount?
  • Does car insurance cover theft of personal property?
  • What exactly is covered by my policy?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Learn about insurance coverages for a Honda CR-V

Having a good grasp of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Coverage for collisions

This will pay to fix damage to your CR-V from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, scraping a guard rail, sustaining damage from a pot hole, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like dental work, pain medications and ambulance fees. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

This pays for 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 can pay for things such as hitting a bird, vandalism and theft. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage

This provides protection from damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like funeral expenses, medical services, loss of income, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Honda CR-V.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Be a penny pincher

When buying insurance coverage, it’s not a good idea to sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and learned later 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.

Cost effective 2005 Honda CR-V insurance is attainable on the web as well as from independent agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who don’t offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

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