How to Save on Nashville Honda CR-V Insurance

If saving money is your primary concern, then the best way to get budget auto insurance rates is to make a habit of regularly comparing prices from different companies in Nashville. This can be done by following these guidelines.

1. Try to understand car insurance and the factors you can control to prevent rate increases. Many things that cause rate increases like traffic tickets, fender benders, and a poor credit score can be controlled by making minor changes in your lifestyle.
2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can quote rates from multiple companies. View insurance agents
3. Compare the new rate quotes to your existing coverage and determine if cheaper CR-V coverage is available in Nashville. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
4. Give notification to your current company of your intention to cancel your current policy. Submit a down payment along with a signed application to your new agent or company. Make sure you place the new proof of insurance paperwork with the vehicle registration.

The key thing to know about shopping around is to compare the same deductibles and limits on every quote and and to look at as many different insurance providers as possible. This ensures a fair price comparison and the best rate selection.

Remarkably, a study showed that the vast majority of car insurance customers kept buying from the same company for more than four years, and virtually 40% of consumers have never even shopped around for lower-cost coverage. Nashville consumers could cut their rates by as much as 35% a year by just comparing quotes, but they don’t invest the time required to do a rate comparison.

The most recommended method to get rate comparisons for Honda CR-V insurance in Nashville is to know the trick most larger insurance companies have advanced systems to give rate comparisons. To get started, all you need to do is provide information including what you do for a living, if you are currently licensed, whether you have decent credit, and types of safety features. That rating data is instantly provided to many highly-rated insurers and they return rate quotes within a short period of time.

To check car insurance prices now, click here and complete the form.

The providers in the list below offer free rate quotes in Tennessee. To get the cheapest auto insurance in Nashville, TN, it’s highly recommended you get rates from several of them to get a more complete price comparison.

Honda CR-V detailed coverage information

The coverage table shown below highlights estimates of insurance policy prices for Honda CR-V models. Being more informed about how auto insurance premiums are established is important for drivers to make decisions on which coverage to buy.

Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Estimates do not factor in the specific area where the vehicle is garaged which can affect rates substantially.

Higher deductibles lower rates

A question often asked by Nashville drivers is how high or low should comp and collision deductibles be. The premium rates below may help you to understand the cost difference between high and low policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific location which can lower or raise coverage rates considerably.

Based on these figures, using a $250 deductible costs an average of $10 more each month or $120 each year than buying the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 25 months between claim filings, you would probably come out ahead by going with a higher deductible.

The chart below demonstrates how deductibles and can change Honda CR-V insurance premiums for different age groups of insureds. The premium estimates are based on a single female driver, full coverage, and no other discounts are factored in.

Full coverage or liability only

The example below shows the difference between Honda CR-V insurance prices with and without full coverage. The premiums are based on no claims or driving violations, $100 deductibles, single marital status, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There is no set guideline of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda CR-V replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after you pay the deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Get cheaper Honda CR-V insurance in Nashville with discounts

The cost of insuring your cars can be expensive, but companies offer discounts that you may not even be aware of. Some of these discounts will be visible when you get a quote, but once in a while a discount must be specifically requested before they will apply.

• Bundled Policy Discount – If you can bundle your auto and homeowners insurance with the same company you will save nearly 15% which can help you find low cost Honda CR-V insurance.
• Homeowners Savings – Just being a homeowner can help you save on auto insurance due to the fact that maintaining a home requires a higher level of personal finance.
• Online Discount – A few larger online companies will provide an incentive for signing up on their website.
• Discounts for Seat Belt Usage – Requiring all passengers to buckle up could cut 10% or more on the medical payments or PIP coverage costs.
• Safe Drivers – Safe drivers could pay up to 40% less compared to accident prone drivers.
• Military Discounts – Being on active deployment in the military can result in better auto insurance rates.
• Good Student – Being a good student could provide a savings of up to 20% or more. This discount can apply well after school through age 25.
• Pay Early and Save – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may get savings of up to 25% or more.
• Early Switch Discount – A few larger companies allow discounts for switching policies before your current CR-V insurance policy expires. You could save around 10% when you buy Nashville car insurance online.

Discounts save money, but please remember that many deductions do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help lower your premiums.

The diagram below visualizes the comparison of Honda CR-V insurance premiums with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, safe-driver, homeowner, and multi-policy discounts applied.

Popular auto insurance companies and the discounts they provide are outlined below.

• American Family may include discounts for bundled insurance, good student, mySafetyValet, Steer into Savings, good driver, defensive driver, and accident-free.
• Farm Bureau discounts include youthful driver, multi-vehicle, multi-policy, safe driver, and good student.
• State Farm may offer discounts for Drive Safe & Save, good driver, defensive driving training, multiple autos, passive restraint, good student, and Steer Clear safe driver discount.
• Travelers includes discounts for payment discounts, student away at school, home ownership, driver training, save driver, good student, and IntelliDrive.
• The Hartford has savings for air bag, good student, driver training, anti-theft, vehicle fuel type, defensive driver, and bundle.
• GEICO offers discounts for multi-vehicle, defensive driver, federal employee, air bags, seat belt use, and military active duty.
• Progressive offers premium reductions for multi-vehicle, continuous coverage, good student, online signing, online quote discount, multi-policy, and homeowner.

If you need lower rates, check with each company or agent to give you their best rates. Some discounts may not apply to policyholders in your area. If you would like to choose from a list of auto insurance companies who offer auto insurance discounts in Tennessee, click here.

Three reasons to insure your Honda vehicle

Despite the potentially high cost of Honda CR-V insurance, insuring your vehicle may be required for several reasons.

• Almost all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability coverage if you want to drive legally. In Tennessee 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 you have a loan on your CR-V, most banks will require that you have insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Honda at an extremely high rate and require you to reimburse them the higher price.
• Insurance preserves not only your car but also your financial assets. Insurance will pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. 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 enough insurance definitely exceed the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so we recommend shopping around at every renewal to ensure rates are inline.

You are unique and your insurance should be too

When it comes to buying the best insurance coverage, there really is no “perfect” insurance plan. Your financial needs are unique.

Here are some questions about coverages that might point out whether you might need professional guidance.

• Does my Honda CR-V need full coverage?
• Does every company file a SR-22 automatically?
• How can I get high-risk coverage after a DUI?
• Am I covered if I crash into my own garage door?
• What vehicles should carry emergency assistance coverage?
• Does my liability insurance cover pulling a trailer or camper?
• What is the minimum liability in Tennessee?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form.

Exclusive or independent auto insurance agents

A small number of people still like to visit with an insurance agent and doing that can be a smart decision An additional benefit of price shopping on the web is that you can obtain cheaper rates and still choose a local agent.

After completing this simple form, your information gets sent to local insurance agents who will return price quotes for your auto insurance coverage. There is no reason to do any legwork as quotes are delivered directly to you. You can get cheaper auto insurance rates without the usual hassles of price shopping. If you want to get a price quote for a specific company, just go to their quote page and submit a quote form there.

Finding a good insurance company should include more criteria than just a low price. Some important questions to ask are:

• Do they have cheaper tiers of coverage?
• What insurance companies do they work with in Nashville?
• By raising physical damage deductibles, how much would you save?
• Do they offer claims assistance after hours?
• What are the financial ratings for the companies they represent?
• Do they see any coverage gaps in your plan?

If you would like to find local Nashville agents, you need to know there are two types of insurance agents and how they differ in how they quote coverages. Auto insurance agents in Nashville are categorized either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

Agents that choose to be exclusive can only provide pricing for a single company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to provide other company’s prices so keep that in mind. These agents are usually well trained on the products they sell and that allows them to sell at a higher price point. Consumers frequently use the same exclusive agent mainly due to the prominence of the brand rather than having the cheapest rates.

Shown below are Nashville exclusive insurance agents who can help you get price quote information.

• Phil Hardeman – State Farm Insurance Agent
  3708 Nolensville Rd c – Nashville, TN 37211 – (615) 832-0630 – View Map
• Allstate Insurance: Fred J. Duke Jr.
  171 Belle Forest Cir – Nashville, TN 37221 – (615) 662-1884 – View Map
• Jordan Drake – State Farm Insurance Agent
  345 Harrison St – Nashville, TN 37219 – (615) 826-1200 – View Map

More insurance agents

Independent Auto Insurance Agents

Independent agents do not write with just one company so they can write business through lots of different companies depending on which coverage is best. If you want to switch companies, they simply move the coverage in-house and that require little work on your part. When comparing rates, you absolutely need to get rate quotes from several independent agencies in order to compare the most rates. Most also have access to small regional insurance companies that may provide cheaper auto insurance rates.

Below is a list of independent agencies in Nashville that can give you price quote information.

• Zander Insurance Group
  6213 Charlotte Pike – Nashville, TN 37209 – (615) 356-1700 – View Map
• Mills Insurance
  4525 Harding Pike Ste 244 – Nashville, TN 37205 – (615) 620-4452 – View Map
• Eby Insurance
  65 Parris Ave – Nashville, TN 37210 – (615) 254-8343 – View Map

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