A bushing assembly for a stabilizer bar in a vehicle includes a split ring defining a passageway engaging with an outer surface of the stabilizer bar, an outer diameter surface, a first split ring end, a second split ring end, and at least one axial retention flange disposed at either the first split ring end or the second split ring end. The bushing assembly includes an elastomer bushing defining an inner diameter, an outer diameter, a first bushing end, a second bushing end, a first axial flange disposed at the first bushing end, and a second axial flange at the second bushing end. At least one of the first axial flange and the second axial flange abut against the at least one axial retention flange of the split ring to create a zero clearance condition. The bushing assembly also includes a strap clamp securing the bushing assembly to the vehicle.