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

Trying to find the cheapest insurance coverage rates for your Honda CR-V? Have you had enough of being strong-armed to pay your car insurance bill each month? You are in the same boat as many other drivers.

Big-name insurance companies like Geico, Farmers Insurance and State Farm constantly bombard you with ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

If you currently have a car insurance policy, you will most likely be able to save some money using these tips. Finding the best rates is quite easy. But car owners need to learn the way insurance companies determine prices and use this information to your advantage.

Car Insurance Comparisons

To find the best car insurance prices, there are several ways to compare rate quotes and find the best price. The best way to find the lowest 2005 Honda CR-V rates involves getting comparison quotes online. This is very easy and can be done in several different ways.

The most efficient way to compare a lot of rates at once is a comparison rater form click here to open form in new window. This type of form keeps you from doing separate quote forms for each company. One form submission compares rates from all major companies.

A harder way to analyze rates is to manually visit the website for every company you want to comare to request a price quote. For examples sake, let’s say you want to compare rates from USAA, 21st Century and State Farm. To get each rate you have to visit each site to enter your coverage information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

The least efficient method of comparing rate quotes is to spend your day driving to and from local insurance agencies. The internet has reduced the need for local agents unless you prefer the professional advice of a local agent. You can, however, get prices online but buy from a local insurance agent.

It’s your choice how you get your quotes, but be sure to compare identical coverage limits for each comparison quote. If each company quotes mixed coverages it will be next to impossible to make an equal comparison. Slightly different limits may cause a big price difference. Keep in mind that getting more free quotes helps you find the best price.

Can you really save $397 a year?

Companies like Progressive, Geico, Allstate and State Farm constantly bombard you with ads in print and on television. All the ads make an identical promise that you can save if you switch your policy. How do they all say the same thing? This is how they do it.

All companies have a preferred profile for the right customer that is profitable for them. A good example of a profitable customer could be over the age of 50, has no prior claims, and drives less than 10,000 miles a year. Any driver that hits that “sweet spot” gets the lowest rates and is almost guaranteed to save when they switch companies.

Consumers who are not a match for the “perfect” profile will be quoted higher premiums and ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” but not “drivers who get quotes” save that much. That is how companies can make the claims of big savings.

This emphasizes why it’s extremely important to get a wide range of price quotes. You cannot predict which insurance companies will provide you with the cheapest Honda CR-V insurance rates.

Cut your premium with these eight discounts

Car insurance is not cheap, but discounts can save money and there are some available to help bring down the price. Certain discounts will be applied when you get a quote, but some may not be applied and must be requested specifically before they will apply.

  • Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • One Accident Forgiven – A handful of insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Drive Less and Save – Keeping the miles down on your Honda could qualify for lower rates on the low mileage vehicles.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same auto insurance policy could earn a price break for each car.
  • Employee of Federal Government – Active or retired federal employment may qualify you for a discount on CR-V insurance with a few auto insurance companies.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.

Keep in mind that most credits do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you can get free auto insurance, you won’t be that lucky. Any amount of discount will bring down the amount you have to pay.

Insurance companies who might offer these discounts include:

Before buying, ask each insurance company which discounts they offer. Some discounts may not apply in your area.

What is the best insurance coverage?

When choosing adequate coverage for your vehicles, there is no cookie cutter policy. Each situation is unique so your insurance needs to address that. These are some specific questions might point out whether your personal situation might need an agent’s assistance.

  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered if I drive in a foreign country?
  • Should I buy only the required minimum liability coverage?
  • Does my personal policy cover me when driving out-of-state?
  • Do I need replacement cost coverage on my 2005 Honda CR-V?
  • How high should my medical payments coverage be?
  • What is the ISO rating for a 2005 Honda CR-V?
  • Should I have combined single limit or split liability limits?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.

Car insurance coverages for a 2005 Honda CR-V

Having a good grasp of auto insurance can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on most auto insurance policies.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as sustaining damage from a pot hole, driving through your garage door, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Honda CR-V.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Comprehensive coverages

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a broken windshield, damage from getting keyed and falling objects. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for bills such as pain medications, surgery, prosthetic devices, X-ray expenses and funeral costs. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Liability coverage

This coverage will cover damage that occurs to other’s property or people in an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like medical expenses, structural damage, emergency aid, funeral expenses and medical services. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

In the end, you save

Budget-conscious 2005 Honda CR-V insurance can be purchased both online and with local insurance agents, and you should be comparing both to have the best rate selection. Some insurance providers do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

As you shop your coverage around, you should never reduce coverage to reduce premium. In too many instances, drivers have reduced liability coverage limits only to regret they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

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