2018 Honda HR-V Car Insurance Rates

Searching for better insurance rates for your Honda HR-V? Paying for pricey Honda HR-V insurance can deplete your accounts and force you to make sacrifices. Comparing cost estimates can save money and help to lower your monthly bill.

People have so many auto insurance companies to purchase coverage from, and although it’s a good thing to be able to choose, it can be more challenging to compare rates and find the lowest cost insurance.

These discounts can cut car insurance rates

Buying car insurance is not cheap, but you may qualify for discounts that many consumers don’t even know exist. Most are applied when you quote, but some must be asked for prior to getting the savings. If you don’t get every credit available, you could be getting lower rates.

  • Discounts for New Vehicles – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Mature Driver Discount – Seniors may qualify for a discount up to 10% on HR-V insurance.
  • Active Military Service – Having a deployed family member may lower your prices slightly.
  • Anti-lock Brake Discount – Cars and trucks equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
  • Anti-theft System – Cars equipped with anti-theft or alarm systems have a lower chance of being stolen and will qualify for a discount on a insurance coverage quote.
  • Seat Belt Usage – Drivers who require all occupants to fasten their seat belts can save 10% or more off the PIP or medical payment premium.
  • Government Employees – Simply working for the federal government could provide a small rate reduction on HR-V insurance depending on your company.

As a footnote on discounts, some of the credits will not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

A list of companies and a summarized list of policyholder discounts are included below.

  • The Hartford discounts include vehicle fuel type, defensive driver, good student, air bag, anti-theft, bundle, and driver training.
  • American Family includes discounts for TimeAway discount, air bags, defensive driver, multi-vehicle, early bird, Steer into Savings, and good student.
  • Progressive offers discounts for good student, multi-policy, online signing, multi-vehicle, and homeowner.
  • Travelers may have discounts that include driver training, multi-car, early quote, hybrid/electric vehicle, multi-policy, continuous insurance, and home ownership.
  • Farmers Insurance has savings for pay in full, business and professional, alternative fuel, homeowner, and teen driver.
  • USAA may offer discounts for multi-vehicle, annual mileage, vehicle storage, military installation, multi-policy, driver training, and defensive driver.
  • Liberty Mutual offers premium reductions for safety features, preferred payment discount, newly retired, multi-car, and hybrid vehicle.

When quoting, ask each company which discounts they offer. Some of the discounts discussed earlier might not be available to policyholders in your state. To find insurance companies who offer cheap car insurance quotes, click here.

Smart consumers can cut insurance costs

Many factors are used in the calculation when premium rates are determined. A few of the factors are predictable such as your driving history, but other criteria are more obscure such as your marital status or your financial responsibility.The best way to find cheaper car insurance is to take a look at the rating factors that are used to determine the rates you pay for car insurance. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you better car insurance rates.

The list below includes a few of the things utilized by car insurance companies to help set prices.

  • Never let your policy expire – Driving any period of time without insurance is not a good idea and companies may charge more for letting your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance may earn you fines and jail time. Then you may be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Vocation can influence prices – Did you know your career choice can influence rates? Occupational choices like real estate brokersairline pilots and stock brokers generally have higher average rates due to intense work requirements and extremely grueling work hours. On the other hand, careers like actors, athletes and retirees pay the least on HR-V insurance.
  • Your credit rating is important – Having a good credit rating is likely to be a major factor in calculating your premium rate. Therefore, if your credit history is lower than you’d like, you may save money insuring your 2018 Honda HR-V if you clean up your credit. People that have very high credit ratings tend to be more responsible as compared to drivers with lower credit ratings.
  • Avoid tickets and save – How you drive has a huge affect on how much you pay. Just one ticket can boost insurance rates substantially. Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. Drivers with multiple tickets like DUI or reckless driving may find that they have to to complete a SR-22 with their state’s department of motor vehicles in order to keep their license.
  • Extra coverages could be costing you – There are quite a few additional coverages that you can get tricked into buying on your car insurance policy. Insurance for things like personal injury protection, better glass coverage, and extra life insurance coverage may be costing you every month. These may sound like a good investment at first, but now you might not need them so think about removing them and cutting costs.
  • Cheaper prices with safer cars – Cars with five star safety ratings tend to be cheaper to insure. Vehicles engineered for safety reduce injuries and better occupant protection translates directly to fewer claims and more competitive rates for policyholders.
  • Too many insurance claims and you’ll pay more – Insurance companies give cheaper rates to drivers who do not file claims often. If you file a lot of claims you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for claims that pose a financial burden.

When do I need an agent’s advice?

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s needs are different so your insurance should reflect that For example, these questions could help you determine if your situation might need professional guidance.

  • Why do I need rental car insurance?
  • How does medical payments coverage work?
  • When can I cancel my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • What is an SR-22 filing?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How can I find cheaper teen driver insurance?
  • Is extra glass coverage worth it?
  • Is borrowed equipment or tools covered if stolen or damaged?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance specifics

Learning about specific coverages of insurance can be of help when determining which coverages you need for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy. Shown next are typical coverages available from insurance companies.

Collision – This pays for damage to your HR-V resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as scraping a guard rail, sideswiping another vehicle, backing into a parked car, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverages – This coverage protects you from damage or injury you incur to people or other property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like loss of income, medical services and structural damage. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Comprehensive or Other Than Collision – This 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 coverage pays for things such as theft, fire damage, hail damage and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for bills like hospital visits, EMT expenses, dental work, rehabilitation expenses and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Get your money’s worth

Some insurance providers don’t offer online price quotes and most of the time these smaller providers provide coverage only through local independent agencies. Cheaper insurance can be bought both online and also from your neighborhood agents, and you need to price shop both to have the best rate selection.

We just showed you a lot of information how to get a better price on 2018 Honda HR-V insurance. The key thing to remember is the more providers you compare, the better chance you’ll have of finding low cost insurance coverage. Consumers could even find that the biggest savings come from the smaller companies. They often have lower premium rates on specific markets than their larger competitors like State Farm and Allstate.

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