2015 Honda CR-Z Insurance Cost

I can’t think of anyone who likes paying for insurance, in particular when the cost is too high.

Because there are so many online and local companies to choose from, it can be challenging to choose the right company.

Vehicle Insurance Comparison

Most major insurance companies allow you to get pricing on the web. Obtaining pricing is quite easy as you simply enter the amount of coverage you want into the quote form. When complete, the company’s rating system automatically retrieves credit information and your driving record and returns pricing information determined by many factors. This streamlines rate comparisons, but the work required to visit each company’s website and repetitively fill out multiple forms is monotonous and tiresome. But it’s absolutely necessary to get many rate quotes if you want to find a better rate.

The better way to compare rates

The smarter way to find cheaper rates makes use of a single form that gets prices from several companies at one time. It’s a real time-saver, requires much less work on your part, and makes quoting online much more efficient. As soon as you send your information, it is rated with multiple companies and you can pick any of the returned quotes.

If you find a better price it’s easy to complete the application and purchase the new policy. This process can be completed in a matter of minutes and you will know how your current rates stack up.

To quickly find out how much you’re overpaying now, simply click here to open in new window and complete the simple form. To compare your current rates, we recommend you replicate the coverages as close as possible to your current policy. This makes sure you will have a fair comparison using the exact same coverages.

Discounts mean cheaper 2015 Honda CR-Z insurance rates

Insuring your fleet can be pricey, but companies offer discounts that you may not know about. Certain discounts will be triggered automatically at the time of quoting, but a few need to be specifically requested before you get the savings.

  • Senior Citizens – Mature drivers may qualify for better insurance coverage rates on CR-Z coverage.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
  • E-sign – Certain companies will give a small break for buying a policy and signing up digitally online.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Multi-car Discount – Having more than one vehicle on one policy could earn a price break for each car.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • Good Student Discount – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.

It’s important to note that some credits don’t apply the the whole policy. The majority will only reduce individual premiums such as comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will bring down your premiums.

Car insurance companies that may have these discounts may include but are not limited to:

Before buying, ask all companies you are considering what discounts are available to you. Discounts might not be offered everywhere.

Honda CR-Z insurance rates can be determined by these details

Consumers need to have an understanding of some of the elements that come into play when calculating the price you pay for insurance. Having a good understanding of what determines base rates empowers consumers to make smart changes that could result in big savings.

  • Battle of the sexes – The statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Men and women are in accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to have more aggressive citations such as DWI and reckless driving.
  • Safer cars cost less to insure – Safer cars get lower rates. Safer cars result in less severe injuries and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If the Honda CR-Z has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Add-on coverages can add up – There are many extra coverages that can waste your money on your insurance policy. Coverages for roadside assistance, accident forgiveness and term life insurance are some examples. These coverages may sound good initially, but if they’re wasting money eliminate them to save money.
  • Claim-free discounts can add up – Insurance companies provide discounts to drivers who are claim-free. If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Car insurance is intended to be relied upon for larger claims.
  • Marriage brings a discount – Being married can actually save you money on your policy. Marriage means you’re more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Save money with special equipment – Owning a car with an alarm system can get you a discount on your insurance. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
  • Rate your vehicle for proper use – The more you drive in a year the more you will pay for insurance. Most companies apply a rate based upon how you use the vehicle. Autos left parked in the garage qualify for better rates as compared to vehicles used primarily for driving to work. If your policy improperly rates your CR-Z can cost quite a bit. Make sure your insurance policy shows the correct driver usage.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining whether or not you might need professional guidance.

  • Am I covered when driving someone else’s vehicle?
  • Should I carry comprehensive and collision coverage?
  • Is my camper covered by my car insurance policy?
  • Is my cargo covered for damage or theft?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered by my spouse’s policy after a separation?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Do insurance companies bend the truth?

Insurance companies such as 21st Century, Allstate and State Farm consistently run television and radio advertisements. They all seem to make the same claim that you’ll save big if you change your coverage to them. How does each company make the same claim?

All the different companies can use profiling for the type of customer that is profitable for them. For example, a preferred risk might be over the age of 50, owns a home, and drives newer vehicles. A customer getting a price quote that hits that “sweet spot” will get the preferred rates and most likely will pay quite a bit less when switching companies.

Potential customers who do not match the requirements must pay more money which usually ends up with the driver buying from a lower-cost company. The ad wording is “customers who switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently advertise the way they do.

This illustrates why it is so important to get as many comparisons as possible. Because you never know which insurance company will have the lowest Honda CR-Z insurance rates.

Insurance coverage options for a 2015 Honda CR-Z

Knowing the specifics of insurance can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Honda CR-Z.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Liability auto insurance

This coverage will cover damage that occurs to a person or their property. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like pain and suffering, loss of income and bail bonds. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, hail damage, hitting a bird, vandalism and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for bills for chiropractic care, prosthetic devices, X-ray expenses and surgery. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

This coverage pays for damage to your CR-Z from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a building, damaging your car on a curb, rolling your car, colliding with a tree and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

In the end, you save

When trying to cut insurance costs, never reduce needed coverages to save money. In many cases, drivers have reduced liability coverage limits only to discover later that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best price while still protecting your assets.

In this article, we presented many tips how you can compare 2015 Honda CR-Z insurance prices online. It’s most important to understand that the more you quote, the higher your chance of finding lower rates. Consumers could even find that the best price on insurance is with a small mutual company. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive and Geico.

Cheap insurance can be sourced both online and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. A few companies do not offer online quoting and these regional insurance providers work with independent agents.

Much more information about insurance can be found below: