Compare 2001 Honda CR-V Insurance Cost

Looking for the cheapest insurance rates? Shoppers have a choice when shopping for the lowest priced Honda CR-V insurance. You can either waste hours struggling with agents trying to get quotes or use the internet to find the lowest rates. There is a better way to find insurance online and we’ll show you the best way to price shop coverage for your Honda and find the cheapest rates from local insurance agents and online providers.

It’s a good habit to price shop coverage periodically due to the fact that insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the best rates for CR-V insurance a couple years back there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re about to find out how to quote online to properly buy coverages while reducing your premium.

Low Cost Insurance

All major insurance companies give prices for coverage on the web. This process is quite simple as you simply type in your coverage information as detailed in the form. After you submit the form their rating system automatically retrieves information on your driving record and credit history and generates a price.

This makes it a lot easier to compare rates but the work required to visit several different sites and enter the same data into a form can be a bit tiresome and repetitive. But it’s absolutely necessary to perform this step in order to get the lowest price.

The preferred way to lower your rates requires only one form that obtains quotes from many companies. It’s a real time-saver, requires much less work on your part, and makes quoting online much simpler. After sending your information, it is rated and you can choose any one of the returned quotes. If the quotes result in lower rates, it’s easy to complete the application and buy the new coverage. The whole process can be completed in a matter of minutes and may save quite a bit of money.

To quickly compare pricing, click here to open in a new tab and complete the simple form. If you have a policy now, it’s recommended that you enter coverages and limits as shown on your current policy. This ensures you will have a fair comparison for similar insurance coverage.

Don’t pay full price with these discounts

Companies do not advertise all their discounts very well, so we break down some of the more common and the more hidden insurance savings. If you don’t get every credit you qualify for, you are throwing money away.

  • Multiple Vehicles – Insuring multiple vehicles on the same insurance policy may reduce the rate for each vehicle.
  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts can receive discounts up to 30%.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last up until you turn 25.
  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% for CR-V insurance depending on your company.
  • Senior Citizens – If you’re over the age of 55, you may qualify for better insurance rates for CR-V insurance.

A little note about advertised discounts, most credits do not apply to your bottom line cost. The majority will only reduce specific coverage prices like comp or med pay. Just because it seems like you can get free auto insurance, companies don’t profit that way.

Car insurance companies that possibly offer these benefits include:

Before buying, ask each insurance company how you can save money. All car insurance discounts might not apply in your area.

Some factors that can determine what Honda CR-V insurance costs

An important part of buying insurance is that you know some of the elements that play a part in calculating the rates you pay for car insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that could result in lower car insurance prices.

Shown below are a few of the “ingredients” that factor into premiums.

  • Optional equipment can affect rates – Owning a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Where you reside plays a part – Living in a rural area can save you money when insuring your vehicles. Drivers who live in large cities tend to have traffic congestion and much longer commute distances. Less people living in that area translates into fewer accidents and a lower car theft rate.
  • Don’t get talked into coverage you don’t need – There are many extra coverages that can waste your money if you aren’t careful. Coverages like vanishing deductibles, accident forgiveness and membership fees may be wasting your money. These may sound like a good investment when you first buy your policy, but your needs may have changed so get rid of them and save.
  • Pleasure use saves money – The higher the mileage driven in a year’s time the higher your rate. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Autos used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your car insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. If your policy improperly rates your CR-V may be wasting your money.
  • Mature drivers pay less – Youthful drivers have a tendency to be more careless in a vehicle so car insurance rates are higher. Mature drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel.
  • Liability coverage is cheap – Liability coverage provides coverage if a jury decides you are liable for damages caused by your negligence. Liability insurance provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.

Your personal situation dictates your coverage

When buying proper insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique.

Here are some questions about coverages that may help you determine whether your personal situation could use an agent’s help.

  • Is there coverage for injuries to my pets?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered when using my vehicle for business?
  • Am I getting all the discounts available?
  • What is UM/UIM insurance?
  • How much underlying liability do I need for an umbrella policy?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Auto insurance policy coverages for a Honda CR-V

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive protection – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, a tree branch falling on your vehicle and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage – This protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 2001 Honda CR-V.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for bills like rehabilitation expenses, surgery, ambulance fees, chiropractic care and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – This pays for damage to your CR-V from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like damaging your car on a curb, crashing into a ditch, sideswiping another vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Auto liability – Liability insurance protects you from damage that occurs to people or other property. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

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

Liability can pay for things like attorney fees, structural damage and court costs. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

One last thing

Cost effective 2001 Honda CR-V insurance can be found from both online companies in addition to many insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies do not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

When shopping online for insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where an insured dropped liability limits or collision coverage and discovered at claim time that it was a big mistake. Your focus should be to buy enough coverage at the best price.

We just showed you some good ideas how you can save on insurance. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even discover the biggest savings come from a small local company.

Helpful resources