Save Money on Honda CR-V Insurance in Aurora

It’s an obvious conclusion that car insurance companies don’t want their customers to go rate shopping. Insureds who shop around will most likely switch to a new company because there is a great chance of finding coverage at a cheaper rate. Remarkably, a study showed that consumers who compared rate quotes regularly saved as much as $3,500 over four years compared to drivers who don’t regularly compare prices.

If finding the best rates on auto insurance is your intention, then knowing the best way to compare insurance coverage can make the process more efficient.

Really, the only way to find lower priced Honda CR-V insurance is to do a yearly price comparison from providers in Aurora.

• Step 1: Get a basic knowledge of individual coverages and the modifications you can make to prevent high rates. Many rating factors that cause rate increases such as tickets, at-fault accidents, and a substandard credit history can be eliminated by being financially responsible and driving safely. Read the full article for additional ideas to find cheap prices and find missing discounts.
• Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO and State Farm, while independent agencies can give you price quotes for a wide range of companies. Begin your rate comparison
• Step 3: Compare the new rate quotes to your existing policy and determine if cheaper CR-V coverage is available in Aurora. If you can save some money and switch companies, make sure coverage does not lapse between policies.
• Step 4: Give proper notification to your current agent or company of your intention to cancel your current coverage and submit a down payment and signed policy application to the newly selected company. Make sure you keep the new certificate verifying coverage in an accessible location in your vehicle.

The most important part of shopping around is to try to use the same liability limits and deductibles on each quote and and to get quotes from as many carriers as you can. Doing this guarantees an apples-to-apples comparison and a thorough selection of prices.

If you currently have auto insurance, you will be able to lower your rates using these techniques. Finding affordable auto insurance coverage in Aurora can really be easy if you know what you’re doing. But Colorado car owners need to have an understanding of how companies set your policy premium and use this information to your advantage.

Honda CR-V insurance discounts in Aurora

Some insurance providers don’t necessarily list every discount available in a way that’s easy to find, so we researched both well-publicized in addition to some of the lesser obvious credits available to you.

• Sign Early and Save – A few larger companies give discounts for signing up early. It could save around 10% when you buy Aurora auto insurance online.
• More Vehicles More Savings – Having multiple cars with the same insurance company can get a discount for every vehicle.
• Include Life Insurance and Save – Insurance companies who offer life insurance give a discounted insurance rate on car insurance if you buy some life insurance too.
• Seat Belt Discounts – Requiring all passengers to use a seat belt could save 15% off PIP or medical payments premium.
• Own a Home – Just owning your own home can help you save on insurance since home ownership means you have a higher level of financial diligence.
• ABS Brakes – Cars and trucks that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
• Theft Deterrent System – Cars and trucks that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
• Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts as much as 30%.
• Resident Student – Kids who are attending college and won’t have access to an insured vehicle may qualify for this discount.

Consumers should know that most discount credits are not given to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, you aren’t that lucky. Any amount of discount will cut the amount you have to pay.

The chart below illustrates the difference between Honda CR-V auto insurance costs with and without discounts. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, homeowner, safe-driver, and claim-free discounts applied.

Larger insurance companies and a partial list of their discounts include:

• GEICO may have discounts that include anti-lock brakes, anti-theft, multi-policy, multi-vehicle, driver training, and military active duty.
• MetLife includes discounts for claim-free, good student, good driver, defensive driver, and multi-policy.
• Progressive discounts include continuous coverage, online quote discount, multi-policy, online signing, homeowner, good student, and multi-vehicle.
• Travelers offers discounts including good student, early quote, IntelliDrive, payment discounts, home ownership, and continuous insurance.
• SAFECO offers premium reductions for drive less, anti-theft, safe driver, teen safe driver, homeowner, and teen safety rewards.
• AAA has savings for good student, multi-car, multi-policy, education and occupation, AAA membership discount, and good driver.

If you need low cost Aurora auto insurance quotes, ask each insurance company which discounts you may be entitled to. Some discounts might not be offered in every state.

To find the best auto insurance rates, there are several ways to compare rate quotes from auto insurance companies in your area. The best method to find the cheapest insurance rates is to perform an online rate comparison.

Comparison shopping price quotes online is easy and it makes it a waste of time to spend time driving to different Aurora agent offices. The ability to buy insurance online has reduced the need for local agents unless you want the professional advice of a licensed agent. It is possible to comparison shop your insurance online but buy the policy through an agent.

When quoting auto insurance, remember that comparing a large number of companies increases your odds of finding lower pricing.

The following companies are ready to provide free quotes in Colorado. If multiple companies are listed, we suggest you visit as many as you can to get the most competitive price.

Rates and detailed analysis

The price information displayed next covers different rate quotes for Honda CR-V models. Being able to understand how insurance premiums are calculated is important to be able to make informed decisions when shopping around for a new policy.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Prices do not factor in specific Aurora garaging location which can change premiums greatly.

Physical damage deductibles

When buying insurance, a common question is which comprehensive and collision deductibles to buy. The figures shown below help summarize the price difference when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price information does not factor in your specific Aurora location which can lower or raise premium rates considerably.

We can estimate from the data above that using a $100 deductible will cost you roughly $20 more each month or $240 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have at least 20 months between claims, you would save money by selecting a higher deductible.

The diagram below demonstrates how deductible levels and can raise or lower Honda CR-V insurance prices for different ages of insureds. The rates are based on a married male driver, full coverage, and no discounts are taken into consideration.

Insurance rates are higher with tickets and accidents

The example below illustrates how speeding tickets and accident claims can affect Honda CR-V insurance rates for different age groups of insureds. The rate quotes are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied.

Should you buy full coverage?

The example below illustrates the comparison of Honda CR-V auto insurance costs with and without physical damage coverage. Data assumes no claims or driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

When to drop comp and collision

There isn’t a steadfast formula for eliminating physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Honda CR-V replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some circumstances where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

How Your CR-V Insurance Costs are Determined

One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that go into determining the rates you pay for auto insurance. When you understand what determines base rates, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

• Five star crash test rating saves money – Cars with high safety ratings can get you lower premiums. Safer cars reduce the chance of injuries and better occupant protection translates into savings for insurance companies which can mean better rates for you. If your Honda CR-V is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
• Annual mileage impacts rates – The higher the miles on your Honda in a year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles based upon how much you drive. Cars left parked in the garage can get a lower rate than vehicles that have high annual mileage. Ask your agent if your policy reflects the correct usage, because improper ratings can cost you money. A policy that improperly rates your CR-V is just wasting money.
• How credit rating affects auto insurance prices – Credit score will be a significant factor in calculating your auto insurance rates. Therefore, if your credit score can use some improvement, you could pay less to insure your Honda CR-V by spending a little time repairing your credit. People with very high credit ratings tend to file fewer claims than drivers with lower ratings.

• More performance means higher premiums – The performance level of the vehicle you are buying insurance for makes a significant difference in the rate you pay. Low performance passenger cars generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.

  The next chart uses these assumptions: single female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Honda CR-V policy rates compared to other makes and models that have different performances.

• Lower rates with GPS tracking and theft deterrents – Choosing to buy a car that has an advanced theft prevention system can help bring down rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
• Rural vs Urban Areas – Residing in smaller towns and rural areas of the country has definite advantages when it comes to auto insurance. Drivers who live in large cities tend to have congested traffic and more time behind the wheel. Less people means less chance of accidents and lower theft and vandalism rates.

• Battle of the sexes – Statistics demonstrate women tend to be less risk to insure than men. It does not mean women are BETTER drivers than men. They both tend to get into auto accidents at a similar rate, but males cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations such as reckless driving. Teenage male drivers have the highest risk to insure and therefore pay the highest rates.

  The information below illustrates the comparison of Honda CR-V auto insurance rates for male and female drivers. The costs are based on no claims, a clean driving record, full coverage, $500 deductibles, drivers are single, and no discounts are taken into consideration.

• Claim-free discounts can add up – If you are a frequent claim filer, you should expect higher rates. Insurance companies in Colorado generally give lower rates to drivers who do not file claims often. Auto insurance is intended for larger claims.

• Honda CR-V claim statistics – Insurers include the past claim history for a vehicle to calculate a price that offsets possible losses. Vehicles that tend to have higher losses will have increased rates. The table below demonstrates the historical insurance loss data for Honda CR-V vehicles.

  For each policy coverage, the statistical loss for all vehicles averaged together is considered to be 100. Percentage values below 100 suggest losses that are better than average, while numbers above 100 indicate higher probability of having a loss or an increased chance of a larger loss.

  
  

  Honda CR-V Insurance Loss Statistics

  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

  Statistics from IIHS.org for 2013-2015 Model Years

When do I need an agent’s advice?

When selecting your policy, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions might point out if you may require specific advice.

• How much can I save by bundling my policies?
• Is water damage covered by my policy?
• What policy terms are available?
• Am I covered when pulling a rental trailer?
• What is roadside assistance coverage?
• What is PIP insurance?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form.

Local insurance agents

Some consumers would prefer to talk to an insurance agent and that is recommended in a lot of cases A good thing about comparing rates online is you can get lower rates and still have an agent to talk to. And buying from local insurance agents is important especially in Aurora.

After completing this form (opens in new window), the coverage information is instantly submitted to agents in your area who will gladly provide quotes for your business. There is no need to find an agent on your own as quotes are delivered directly to you. You can most likely find cheaper rates AND a local agent. If you have a need to quote rates from a specific car insurance provider, just find their quoting web page to submit a rate quote request.

What types of car insurance agents are in Aurora?

When researching a local agent, you need to know there are two different types of agents and how they work. Agents in Aurora are either independent (non-exclusive) or exclusive.

Independent Agencies or Brokers

Independent agencies often have affiliation with several companies so they can write business with many different companies and find the cheapest rate. If you are not satisfied with one company, they simply move your policy to a different company and you won’t have to switch agencies. If you are comparing car insurance prices, we recommend you include at least one independent agent to get the best comparison.

Listed below is a list of independent agents in Aurora that can possibly get you cheap rate quotes.

View more Aurora agents

Exclusive Insurance Agents

Agents of this type write business for a single company and some examples include Allstate, Farmers Insurance or State Farm. They generally cannot provide prices from multiple companies so they really need to provide good service. Exclusive agencies are trained well on their company’s products and that can be a competitive advantage.

The following is a short list of exclusive insurance agents in Aurora willing to provide price quotes.

View more Aurora agents

Selecting an insurance agency should depend on more than just a cheap price quote. Below are some questions you should ask.

• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Can they help ensure a fair claim settlement?
• Do they make recommendations based only on price?
• If your car is in the repair shop, do you have coverage for a rental car?
• Does the agent have professional designations like CIC, CPCU or AIC?
• How many years of experience in personal auto insurance do they have?
• Who is covered by the car insurance policy?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.

It may be expensive, but it’s not optional

Despite the high cost, insurance is required in Colorado but also provides important benefits.

• Most states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability insurance in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your vehicle has a loan, most lenders will have a requirement that you carry insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank may insure your Honda at a much higher rate and force you to pay a much higher amount than you were paying before.
• Auto insurance preserves not only your vehicle but also your financial assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your auto insurance policy will pay to repair the damage.

The benefits of insuring your CR-V definitely exceed the price paid, particularly for liability claims. On average, a vehicle owner in Aurora is overpaying over $750 every year so compare rate quotes each time the policy renews to help ensure money is not being wasted.

You can lower your insurance rates

Drivers switch companies for any number of reasons including extreme rates for teen drivers, high rates after DUI convictions, being labeled a high risk driver or even high prices. Regardless of your reason, switching insurance companies is not as difficult as it may seem.

Discount Honda CR-V insurance in Aurora is attainable from both online companies and also from your neighborhood Aurora agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers do not offer price quotes online and these smaller providers provide coverage only through independent insurance agents.

While you’re price shopping online, make sure you don’t reduce coverage to reduce premium. There have been many situations where an insured dropped comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. Your objective should be to buy the best coverage you can find at the best cost, but don’t skip important coverages to save money.

Helpful learning opportunities

• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• What Auto Insurance is Cheapest for Handicapped Drivers in Aurora? (FAQ)
• Who Has the Cheapest Car Insurance Rates for High Mileage Drivers in Aurora? (FAQ)
• Who Has Cheap Car Insurance Rates for Safe Drivers in Aurora? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Used Cars in Aurora? (FAQ)
• Parking Tips to Reduce Door Dings (State Farm)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• Rental Car Insurance Tips (Insurance Information Institute)
• Determining Auto Insurance Rates (GEICO)