If you want to save the most money, the best way to get affordable Honda CR-Z insurance is to start comparing rates regularly from companies who sell insurance in Kansas City. Rate comparisons can be done by following these guidelines.
Step 1: Gain an understanding of car insurance and the factors you can control to prevent expensive coverage. Many rating factors that are responsible for high rates such as accidents, traffic tickets, and a low credit score can be remedied by making small lifestyle or driving habit changes.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while independent agencies can quote rates for a wide range of companies.
Step 3: Compare the quotes to your existing policy to determine if you can save on CR-Z insurance. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide written notification to your current company of your decision to cancel your current policy. Submit the required down payment along with the signed application to the new company. Be sure to safely store the proof of insurance certificate in a readily accessible location in your vehicle.
The key thing to know about shopping around is to use the same amount of coverage on every price quote and and to get rates from every insurance company. This helps ensure an accurate price comparison and a thorough selection of prices.
It’s well known that car insurance companies don’t want you comparing rates. Insureds who shop around for cheaper price quotes will presumably switch companies because of the good chance of finding a policy with more affordable rates. Remarkably, a study showed that consumers who routinely compared quotes saved about $3,450 over four years compared to other drivers who don’t regularly compare prices.
If finding the lowest price on Honda CR-Z insurance is the reason you’re here, then having some insight into how to get rate quotes and compare insurance premiums can make it easier to shop your coverage around.
Locating the best rates in Kansas City is actually very simple if you learn how to start. If you currently have a car insurance policy, you will be able to find the best rates using these tips. You just need to use the quickest method to compare different rates using one simple form.
The companies shown below provide free rate quotes in Kansas City, MO. If your goal is to find the best cheap car insurance in Kansas City, we recommend you visit as many as you can to find the most competitive car insurance rates.
Informed Drivers Can Reduce Their Insurance Rates
A large part of saving on auto insurance is knowing some of the elements that go into determining your policy premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could result in lower auto insurance prices.
The itemized list below are a few of the “ingredients” used by companies to determine your rates.
- How many coverages with the same company – Most auto insurance companies apply better rates to customers who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, consumers should still compare other Kansas City CR-Z insurance rates to make sure you are getting the best deal. Consumers may save money even if you have your coverage with different companies
- Teenagers are high risk – Older drivers are more responsible, tend to file fewer claims, and usually have better credit. Teen drivers are known to be inattentive when at the wheel of a vehicle therefore auto insurance rates are much higher.
- Eliminate unneeded extra coverages – Insurance policies have a lot of extra add-on coverages that can add up if you don’t pay attention. Insurance for coverage for rental cars, towing coverage, and motor club memberships are some examples. These coverages may sound good when you first buy your policy, but if you have no use for them get rid of them and save.
- Vocation and insurance prices – Jobs like military personnel, business owners, and dentists usually pay higher average rates attributed to stressful work requirements and extremely grueling work hours. On the other hand, occupations such as professors, engineers and the unemployed get better rates.
- Infrequent drivers can save – The more miles you rack up on your Honda every year the higher your rate. A lot of insurance companies apply a rate based on their usage. Cars that do not get driven very much get more affordable rates than vehicles that are driven to work every day. Having the wrong rating on your CR-Z is just wasting money. Ask your agent if your policy shows annual mileage, because it can save money.
- Tickets can increase premiums – Good drivers receive lower rates compared to bad drivers. Only having one citation can increase the cost of insurance twenty percent or more. Drivers unfortunate enough to have dangerous violations like reckless driving or DUI are required to file a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
- Save money with alarm systems – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop vehicle theft.
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Honda CR-Z statistical loss data – Insurers include the past claim trends for vehicles to calculate a rate that will offset losses. Vehicles that are shown to have high amounts or severity of claims will have increased rates. The table below demonstrates the historical loss data for Honda CR-Z vehicles.
For each coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 indicate better than average losses, while percentages above 100 indicate higher probability of having a loss or an increased probability of a larger loss.
Honda CR-Z Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda CR-Z Hybrid 106 87 83 98 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Here’s why auto insurance is not optional
Despite the potentially high cost of Honda CR-Z insurance, insuring your vehicle is required by state law in Missouri and it also provides benefits you may not be aware of.
First, just about all states have minimum mandated liability insurance limits which means the state requires specific limits of liability in order to drive the car legally. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your CR-Z, most lenders will require you to have full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may buy a policy for your Honda at a significantly higher premium and force you to pay a much higher amount than you were paying before.
Third, insurance protects both your assets and your Honda. Insurance will also pay for medical bills that are the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are named as a defendant in an auto accident. If you have damage to your Honda as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance more than cancel out the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $865 each year so it’s recommended you shop around each time the policy renews to save money.