2017 Honda HR-V Insurance Cost – 5 Tips for Cheaper Prices

Searching for the lowest price auto insurance is challenging for people who are new to comparison shopping online. Because there are so many companies, how can you be able to compare every company to locate cheaper auto insurance prices?

It’s a great practice to compare premium rates at least once a year because prices go up and down regularly. Despite the fact that you may have had the lowest quotes for HR-V coverage a few years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about auto insurance online but I’m going to show you some solid techniques on how to reduce your auto insurance bill.

Car Insurance Discounts

Some companies don’t always advertise every policy discount in an easy-to-find place, so we researched a few of the more well known and also the more inconspicuous discounts you could be receiving when you buy insurance coverage online. If you do not double check each discount possible, you are throwing money away.

  • Multiple Cars – Buying a policy with several vehicles on one policy could earn a price break for each car.
  • Payment Discounts – If you can afford to pay the entire bill instead of paying each month you could save 5% or more.
  • Sign Early and Save – A few companies offer discounts for buying a policy prior to the expiration date on your current policy. This can save 10% or more.
  • Defensive Driver Discount – Successfully completing a safe driver class could earn you a small percentage discount and easily pay for the cost of the class.
  • Cautious Drivers – Drivers who don’t get into accidents may receive a discount up to 45% for HR-V coverage compared to rates paid by drivers with frequent claims.

You can save money using discounts, but some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, that’s just not realistic.

A list of companies and a partial list of their discounts can be read below.

  • State Farm may include discounts for defensive driving training, anti-theft, passive restraint, good driver, and Steer Clear safe driver discount.
  • American Family offers premium reductions for multi-vehicle, air bags, TimeAway discount, mySafetyValet, early bird, bundled insurance, and accident-free.
  • Geico policyholders can earn discounts including anti-theft, military active duty, multi-vehicle, five-year accident-free, anti-lock brakes, emergency military deployment, and defensive driver.
  • 21st Century offers discounts for early bird, theft prevention, student driver, defensive driver, and 55 and older.
  • Progressive may have discounts that include multi-policy, multi-vehicle, continuous coverage, online signing, and online quote discount.

Double check with each company to apply every possible discount. Depending on the company, some discounts might not apply in your area. To choose car insurance companies that offer some of these discounts, click here.

Tailor your auto insurance coverage to you

When choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique.

These are some specific questions can aid in determining if you might need an agent’s assistance.

  • Where can I get insurance after a DUI in my state?
  • Which companies will insure high-risk drivers?
  • How high should my medical payments coverage be?
  • What happens if I owe more than my 2017 Honda HR-V is worth?
  • Does my insurance cover my expensive audio equipment?
  • Can I afford to pay high deductible claims out of pocket?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered when driving a rental car?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, complete this form.

Specific coverage details

Understanding the coverages of your policy can help you determine the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage

Collision coverage will pay to fix damage to your HR-V caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like sustaining damage from a pot hole, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as pain medications, prosthetic devices and hospital visits. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Honda HR-V.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a deer, theft and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability car insurance

This provides protection from damage that occurs to other people or property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things such as repair bills for other people’s vehicles, bail bonds, medical expenses, attorney fees and pain and suffering. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Keep this in mind

Insureds leave their current company for any number of reasons including poor customer service, extreme rates for teen drivers, delays in paying claims or even not issuing a premium refund. Regardless of your reason, choosing a new company can be pretty painless.

Cheaper insurance coverage can be sourced from both online companies as well as from insurance agents, so you need to shop insurance coverage with both to have the best selection. There are still a few companies who do not offer online price quotes and usually these small, regional companies only sell through independent insurance agencies.

When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. In too many instances, an insured dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at an affordable rate and still be able to protect your assets.

Much more information about insurance coverage is located on the following sites: