Best Ways to Save on Lincoln Honda CR-V Insurance

The most effective way to find cheaper Honda CR-V insurance is to compare quotes annually from different companies in Lincoln. Price quotes can be compared by completing these steps.

1. Get an understanding of car insurance and the modifications you can make to prevent rate increases. Many factors that are responsible for high rates such as careless driving and a less-than-favorable credit score can be amended by making small lifestyle or driving habit changes.
2. Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like GEICO and Allstate, while independent agents can quote rates from multiple companies. View prices
3. Compare the price quotes to your existing rates and see if you can save money. If you can save some money and decide to switch, make sure coverage does not lapse between policies.
4. Tell your current company to cancel your current coverage. Submit the signed application along with the required initial payment to the new company. Be sure to place the new proof of insurance certificate in your vehicle’s glove compartment or console.

The key thing to know about shopping around is to make sure you enter identical limits and deductibles on every quote and and to get price estimates from as many car insurance companies as possible. This enables the most accurate price comparison and a better comparison of the market.

Unthinkable but true, the majority of drivers have remained with the same auto insurance company for well over three years, and 38% of customers have never compared rates to find cheaper insurance. Lincoln drivers can cut their rates by roughly 30% a year just by shopping around, but they just don’t understand how much they could save if they switched.

To get cheaper Lincoln car insurance quotes, there a variety of ways to get quotes from many available auto insurance companies in Nebraska. The quickest method to comparison shop is to jump online and get quotes.

Doing price comparisons online is so simple that it replaces the need to drive to and from local Lincoln insurance agencies. Doing it all online has made agencies unnecessary unless you have a complicated situation and need the extra assistance of an agent trained in personal lines coverage. It is possible to price shop your coverage online and still use a local agent. When quoting auto insurance, remember that making a lot of price comparisons will improve the odds of getting a lower rate.

The following companies are our best choices to provide price comparisons in Nebraska. If you wish to find the cheapest auto insurance in Lincoln, NE, it’s highly recommended you visit as many as you can to get a more complete price comparison.

Rates and information analytics

The price information displayed next showcases estimates of insurance premium costs for Honda CR-V models. Learning how car insurance prices are established can be of help when making informed decisions when shopping around for a new policy.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Table data does not factor in specific zip code location which can lower or raise price quotes substantially.

Higher deductibles save money

When buying car insurance, a common question is how high should the physical damage coverage deductibles be. The rates shown below may help to illustrate the costs and benefits between high and low physical damage coverage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Table data does not factor in your specific Lincoln location which can alter premium rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $19 more each month or $228 a year than requesting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 39 months between claims, you would save money if you elect the higher deductible.

The diagram below demonstrates how deductibles and can impact Honda CR-V annual premium costs for different age groups of insureds. The premiums assume a married male driver, full coverage, and no additional discounts are factored in.

Car insurance premiums based on gender

The example below illustrates the comparison of Honda CR-V insurance premiums for male and female drivers. The premiums assume a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied.

Full coverage versus liability-only

The chart below visualizes the comparison of Honda CR-V insurance prices when comparing full coverage to state minimum liability only. The data assumes no accidents or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.

Should you be buying full coverage?

There isn’t a written rule that is best for determining when to drop full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Honda CR-V book value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your policy deductible. If you are currently paying more than $600 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where buying only liability insurance is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not opt for liability only.

Don’t overlook these Honda CR-V insurance discounts

Companies don’t always list every discount they offer in an easy-to-find place, so we break down both well-publicized and the more hidden discounts that may be available. If you don’t get every credit available, you could be getting lower rates.

• Auto/Life Discount – Insurance companies who offer life insurance give a break if you buy some life insurance in addition to your auto policy.
• Buy New and Save – Adding a new car to your policy can save you some money because newer vehicles are generally safer.
• Senior Citizen Discount – Mature drivers may qualify for better auto insurance rates.
• Early Switch Discount – Select companies give a discount for switching to them before your current CR-V insurance policy expires. You could save around 10% when you buy Lincoln car insurance online.
• Discounts for Responsible Drivers – Drivers who don’t get into accidents can save up to 40% or more on their Lincoln car insurance quote compared to accident prone drivers.
• Military Discounts – Being on active duty in the military could be rewarded with lower premium rates.
• Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may get savings up to 30%.
• Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up before driving may be able to save a few bucks off the medical payments premium.
• Defensive Driver Discount – Participating in a course teaching defensive driver skills may get you a small discount and easily pay for the cost of the class.
• Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies permit an accident without getting socked with a rate hike so long as you haven’t had any claims for a set time period.

It’s important to understand that most discounts do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The diagram below visualizes the comparison of Honda CR-V auto insurance costs with and without policy discounts. The prices are based on a male driver, no violations or claims, Nebraska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-policy, homeowner, and multi-car discounts applied.

Some companies that have these money-saving discounts include:

• GEICO
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

When getting a coverage quote, ask every company how you can save money. A few discounts may not be available in Lincoln. To choose providers that offer the discounts shown above in Nebraska, click here.

Auto insurance does more than just protect your car

Even though it can be expensive, paying for auto insurance may be required and benefits you in several ways.

• Almost all states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your CR-V with a loan, most lenders will make it mandatory that you have full coverage to protect their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Honda for a lot more money and force you to pay for the expensive policy.
• Auto insurance protects your Honda CR-V and your assets. It will also pay for medical bills incurred in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is overpaying over $810 a year so shop around every year to ensure rates are competitive.

Local neighborhood Lincoln car insurance agents

Many people just want to sit down and talk to an agent. The best thing about getting online price quotes is that you can obtain cheap auto insurance rates and still have an agent to talk to.

To help locate an agent, after submitting this quick form, your coverage information is instantly submitted to agents in your area who will return price quotes for your coverage. It’s much easier because you don’t need to find an agent on your own since price quotes are sent immediately to your email address. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to quote rates from a particular provider, you just need to find their quoting web page and fill out their quote form.

Deciding on a insurer requires you to look at more than just a cheap price. Agents should be asked these questions:

• Are they properly licensed to sell insurance in Nebraska?
• Does their agency support local causes in Lincoln?
• Is the agent CPCU or CIC certified?
• Is working in the agency their full-time job?
• Is there a 24/7 contact number?