2011 Honda CR-Z Insurance Rates – 6 Savings Tips

Want the cheapest auto insurance rates for your Honda CR-Z? Do you get exhausted from not being able to afford to pay auto insurance each month? Your situation is no different than many other drivers. Consumers have so many insurance companies to insure vehicles with, and although it’s nice to have a selection, it can be more difficult to compare rates and find the lowest cost auto insurance.

It’s important to price shop coverage once or twice a year because auto insurance rates trend upward over time. Just because you found the best premium rates on CR-Z insurance six months ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because I’m going to teach you the only way to find better rates and still maintain coverage.

This article will introduce you to how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you will be able to reduce your rates substantially using these tips. Drivers just need to know the tricks to find the lowest price on the web.

Compare car insurance quotes

Getting cheaper 2011 Honda CR-Z car insurance pricing can be surprisingly simple. All you need to do is take the time comparing price quotes from some recommended companies. It’s super easy and can be done by following the guidelines below.

1. Experts agree that the best way consumers can analyze rates is a comparison rater form (click to open form in new window). This style of form eliminates the need for repetitive form entry for every company. In just a few minutes this one form gets coverage cost estimates from multiple low-cost companies.
2. Another way to analyze rates requires you to visit each individual company website and repeat the quote process again and again. For example, we’ll pretend you are doing a rate comparison from Liberty Mutual, Farmers and American Family. To do that, you would have to spend time on each company’s site and repeatedly type in your coverage information, which can take a lot of time. For a list of companies in your area, click here.

Compare rates however you want, just make absolute certain that you use equivalent coverage limits and deductibles with each company. If you are comparing mixed coverages it’s impossible to determine which company has the best rates.

Get lower rates with these six insurance discounts

Car insurance companies do not list every possible discount very clearly, so the next list breaks down both the well known and also the lesser-known credits that you can use to lower your rates.

• Active Military Service – Having a family member in the military may lower your insurance rates slightly.
• Include Life Insurance and Save – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
• ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
• Homeowners Pay Less – Owning your own home or condo can save you money because maintaining a house requires personal responsibility.
• Pay Early and Save – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
• First Accident Forgiveness – This one is not really a discount per se, but some insurance companies will let one accident slide before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.

Consumers should know that some of the credits will not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, you aren’t that lucky. But all discounts should help reduce the amount you pay for coverage.

To locate companies who offer insurance discounts, follow this link.

Insurance can get complicated

When choosing the best insurance coverage, there really is not a cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help you determine if your insurance needs might need an agent’s assistance.

• Is my vehicle covered by my employer’s policy when using it for work?
• When does my teenage driver need to be added to my policy?
• What is an SR-22 filing?
• Should I buy only the required minimum liability coverage?
• What is the difference between comprehensive and collision coverage?
• Is my ex-spouse still covered by my policy?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.

Auto insurance coverage information

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average insurance policy.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for doctor visits, ambulance fees, pain medications and dental work. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

This will cover damage that occurs to people or other property. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as structural damage, pain and suffering, loss of income and medical expenses. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision protection

This covers damage to your CR-Z resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, crashing into a ditch and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2011 Honda CR-Z.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, theft, a tree branch falling on your vehicle and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

More effort can pay off

There are still a few companies who don’t offer online quoting and usually these regional insurance providers prefer to sell through local independent agents. Affordable 2011 Honda CR-Z insurance is available from both online companies and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture.

Throughout this article, we presented some good ideas how to compare 2011 Honda CR-Z insurance rates online. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may discover the biggest savings come from some of the lesser-known companies. They often have lower car insurance rates on specific markets as compared to the big name companies such as State Farm, Geico and Nationwide.

As you prepare to switch companies, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.

To read more, take a look at the articles below:

• Teen Driver Licensing Information (iihs.org)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Prom Night Tips for Teen Drivers (State Farm)