Save Money on Honda CR-V Insurance in Boston

If saving the most money is your goal, then the best way to find better pricing on Honda CR-V insurance is to start doing a yearly price comparison from companies that insure vehicles in Boston. You can shop around by following these guidelines.

1. Learn about individual coverages and the factors you can control to drop your rates. Many risk factors that cause high rates like your driving record and poor credit history can be eliminated by improving your driving habits or financial responsibility. This article provides additional ideas to help prevent high rates and find discounts that may have been missed.
2. Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can give you price quotes from multiple insurance companies.
3. Compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
4. Notify your current company of your intention to cancel your current coverage and submit payment along with a signed and completed policy application to the newly selected company. Don’t forget to safely store the proof of insurance certificate in your vehicle.

A tip to remember is to use the same liability limits and deductibles on each price quote and and to get rate quotes from as many different companies as possible. Doing this helps ensure an accurate price comparison and a complete rate analysis.

We don’t have to tell you that insurance companies want to keep you from comparing prices. Consumers who shop for lower prices are inclined to move their business because the odds are good of finding good coverage at a lower price. A recent survey found that consumers who shopped around saved over $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding low prices for car insurance in Boston is why you’re reading this, then having some knowledge of how to shop for insurance coverage can make it simple to find affordable coverage.

Buying the cheapest car insurance in Boston can be much easier if you know how to start. If you have a policy now, you should be able to find better prices using these tips. Consumers just need to know how to shop for car insurance online from multiple companies.

The following companies are our best choices to provide free quotes in Massachusetts. If you want to find cheap auto insurance in Boston, it’s a good idea that you get prices from several of them in order to find the cheapest rates.

Car insurance statistics for a Honda CR-V

The price information shown below highlights a range of insurance policy prices for Honda CR-V models. Having a good understanding how premiums are calculated can assist in making informed coverage decisions.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in your specific Boston location which can revise price quotes substantially.

Physical damage deductibles

One common question asked by Boston drivers is how high should your deductibles be. The following insurance rates may aid in understanding the differences in premium rates of buying low and high coverage deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium costs do not factor in zip code location which can change auto insurance rates significantly.

Based on the figures above, using a $250 deductible costs about $12 more each month or $144 every year than requesting the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you average at least 21 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

Car insurance rates by age and gender

The example below shows the comparison of Honda CR-V auto insurance rates for male and female drivers. The costs are based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.

Here’s why auto insurance is not optional

Despite the high cost of buying insurance for a Honda CR-V in Boston, maintaining insurance is required by state law in Massachusetts and it also provides benefits you may not be aware of.

• Just about all states have minimum mandated liability insurance limits which means state laws require specific limits of liability in order to get the vehicle licensed. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a loan on your vehicle, more than likely the lender will require you to have comprehensive coverage to guarantee loan repayment. If you default on your policy, the bank will be required to insure your Honda at a more expensive rate and force you to pay for the expensive policy.
• Insurance safeguards not only your car but also your financial assets. It also can pay for medical bills for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance definitely exceed the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer overpays more than $800 each year so shop around at every policy renewal to ensure rates are competitive.

You Can Change Your Insurance Costs

When buying insurance it’s important to understand some of the elements that come into play when calculating the price you pay for insurance. If you have a feel for what impacts premium levels, this allows you to make educated decisions that could result in cheaper rates. Many things are part of the calculation when you get your auto insurance bill. Most are fairly basic such as your driving history, but others are less obvious like your vehicle usage or your commute time.

The items below are most of the major factors utilized by car insurance companies to help set your prices.

• Get a ticket, pay higher rates – A bad driving record influences premium rates substantially. Even one driving citation could increase your next policy renewal forty percent or more. Careful drivers tend to pay less for car insurance as compared to careless drivers. Drivers who get license-revoking violations such as DUI, reckless driving or excessive speeding may be required to prove financial responsibility with their state’s department of motor vehicles in order to keep their license.

  The chart below demonstrates how citations and at-fault claims can drive up Honda CR-V insurance prices for different categories of driver ages. The data is based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

• Higher comp and collision deductibles save money – Comprehensive and collision coverage deductibles tell how much you are required to spend if a covered claim is submitted. Coverage for physical damage, also called comprehensive and collision insurance, insures against damage to your car. Some coverage claims would be rear-ending another vehicle, hail damage, or theft of your vehicle. The more damage repair cost you have to pay, the less money you will pay for insurance.
• How many miles do you drive? – The more miles you rack up on your Honda in a year the more you’ll pay to insure it. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars and trucks that sit idle most of the time receive lower rates than vehicles that have high annual mileage. Make sure your insurance policy shows the correct usage for each vehicle, because it can save money. A policy that improperly rates your CR-V may be costing you.
• Cheaper prices with safer cars – Safe vehicles are cheaper to insure. Safe vehicles result in less severe injuries and fewer serious injuries translates into savings for insurance companies passed on to you as lower rates.
• Your vocation may affect rates – Jobs such as lawyers, air traffic controllers, and stock brokers usually pay higher premium rates due to stressful work requirements and long work days. Conversely, occupations like professors, historians and homemakers generally pay rates lower than average.
• Costs can change based on your address – Residing in a small town is a good thing when buying insurance. Fewer drivers on the road means fewer accidents and a lower car theft rate. People in densely populated areas have to deal with more road rage incidents and much longer commute distances. More time on the road means more chances of being involved in an auto accident.
• Car plus home equals more savings – The majority of companies will award discounts to insureds that buy multiple policies. It’s known as a multi-policy discount. Even if you already get this discount, drivers will still want to get quotes from other companies to confirm you are receiving the best rates possible.

• Rates are impacted by vehicle performance – The performance level of the car, truck or SUV you are buying insurance for makes a significant difference in your car insurance bill. The lowest premiums are usually found on the lowest performance passenger vehicles, but the final cost of insurance is determined by many other factors.

  The following data uses these variables: married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. The chart compares Honda CR-V insurance premiums compared to other vehicles that have different performances.

• Insurance loss probability for a Honda CR-V – Insurance companies analyze claim trends for every vehicle to calculate a rate that will offset losses. Vehicles that the statistics show to have higher claim frequency or loss amount will have higher premium rates.

  The table below demonstrates the historical loss data for Honda CR-V vehicles. For each coverage category, the claim amount for all vehicles as a whole is considered to be 100. Values that are under 100 suggest losses that are better than average, while values that are above 100 show a trend for more claims or tendency to have higher losses.

  
  

  Car Insurance Loss Data for Honda CR-V Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda CR-V 4dr 2WD	68	81	58	93	86	77
  Honda CR-V 4dr 4WD	69	82	69	90	87	78

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Special considerations

Keep in mind that when it comes to choosing your policy, there is no one size fits all plan. Each situation is unique and your auto insurance should unique, too.
Here are some questions about coverages that could help you determine whether or not you could use an agent’s help.

• How can I find cheaper teen driver insurance?
• Is a new car covered when I drive it off the dealer lot?
• Am I covered by my spouse’s policy after a separation?
• Am I covered if I back into my garage door?
• Does low annual mileage earn a discount?
• What is PIP insurance?
• What is an umbrella policy?

If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Final considerations

While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. In many cases, an insured dropped uninsured motorist or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Some companies may not have the ability to get quotes online and most of the time these small insurance companies only sell coverage through independent agents. Affordable Honda CR-V insurance in Boston can be found both online in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money.

Additional insurance information is available at these links:

• Understanding your Policy (NAIC.org)
• How Much is Boston Auto Insurance for College Students? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• Information for Teen Drivers (GEICO)