2016 Honda CR-Z Insurance Cost in 2024 – 8 Policy Discounts

Trying to come up with a payment for overpriced insurance coverage can take a big chunk out of your accounts and possibly require you to analyze your spending habits. Performing a rate comparison can lower your rates and help to make sure you’re not throwing money away.

Due to the increasing number of options when it comes to insurance coverage, it is very difficult to pick the cheapest insurer.

The purpose of this post is to instruct you on the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Consumers just need to understand how to shop their coverage around over the internet.

First Step: Get free auto insurance quotes

There are several ways to compare auto insurance quotes, and some are easier and takes less work. You could spend the better part of a day driving to local insurance agents in your area, or you can stay home and use the web to achieve your goal.

Most of the best insurance companies participate in an industry program where prospective buyers enter their coverage request one time, and at least one company then returns a price quote. This prevents consumers from doing repetitive form submissions to each individual auto insurance company.

To compare rates now enter your zip code here.

One minor caveat to using this type of form is you are unable to specify the insurers to get pricing from. If you would rather choose specific providers to request quotes from, we have a listing of low cost auto insurance companies in your area. Click to enter zip code.

Compare rates however you want, just be sure to compare nearly identical coverages and limits for each comparison quote. If you are comparing differing limits it will be nearly impossible to determine which company has the best rates.

How do I know if I need professional advice?

When it comes to buying adequate coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help you determine whether you might need an agent’s assistance.

• What is UM/UIM insurance?
• What is covered by UM/UIM coverage?
• Does my insurance cover my expensive audio equipment?
• Do I need replacement cost coverage on my 2016 Honda CR-Z?
• Should I file a claim if it’s only slightly more than my deductible?
• Is Motor Club coverage worth it?
• Is my vehicle covered by my employer’s policy when using it for work?
• Do I need replacement cost coverage?
• Am I covered if I drive in a foreign country?
• Can my teen drive my company car?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, fill out your zip code. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance coverage considerations

Having a good grasp of a insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from insurance companies.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for immediate expenses like funeral costs, rehabilitation expenses, EMT expenses, doctor visits and hospital visits. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive insurance – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, damage from flooding, vandalism, hitting a bird and fire damage. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Honda CR-Z.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are set the same as your liability limits.

Liability insurance – Liability insurance protects you from damage that occurs to people or other property by causing an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as repair costs for stationary objects, bail bonds and medical services. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Collision – This coverage pays for damage to your CR-Z resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sideswiping another vehicle, sustaining damage from a pot hole, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.