Finding cheaper auto insurance for a Honda CR-V doesn’t take a ton of time, but it depends on a whole bunch of rating criteria such as how old the CR-V is, the condition of your credit, and your motor vehicle report. Drivers in Texas will pay around $1,090 annually to insure their CR-V, but that amount is an approximation calculated using a 40-year-old single male driver with full comprehensive and collision coverage and $250 deductibles.
There’s a high likelihood you are not 40 and maybe not even a male, possibly married instead of single, or maybe you want different physical damage deductibles. Just a slight change in the factors used in pricing a policy may result in significant differences in the price of coverage.
Each driver’s needs are different, and that demonstrates why the best way to find cheap insurance prices for your Honda is to do a thorough rate comparison.
Your Honda’s trim level impacts price, so the price to insure a CR-V LX 2WD will be $36 less than the insurance cost for the more expensive CR-V EX-L 4WD model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $252 | $468 | $392 | $24 | $118 | $1,254 | $105 |
| CR-V EX 2WD | $252 | $468 | $392 | $24 | $118 | $1,254 | $105 |
| CR-V LX 4WD | $252 | $468 | $392 | $24 | $118 | $1,254 | $105 |
| CR-V EX 4WD | $288 | $468 | $392 | $24 | $118 | $1,290 | $108 |
| CR-V EX-L 2WD | $288 | $468 | $392 | $24 | $118 | $1,290 | $108 |
| CR-V EX-L 4WD | $288 | $468 | $392 | $24 | $118 | $1,290 | $108 |
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific garaging location which can change insurance rates noticeably.
Trying to find reasonably-priced insurance is tough enough, and determining which company quotes the best insurance rates for a Honda CR-V will require a little more work. Each insurance company uses their own calculation to determine rates, so let’s take a look at the most budget-friendly insurance companies in Texas.
Keep in mind that Laredo insurance rates are calculated based on many things which can substantially change the price of your policy. That is why it is so important to perform a complete rate comparison when trying to find the best auto insurance rates for a Honda CR-V. Rates can be altered by many risk factors and change substantially, so the lowest-price company the last time you shopped around may now be quite expensive.
Find the Best Cheap Insurance for Your Honda
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,421 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,495 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,585 |
| 11 | Allstate | $1,667 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,723 |
| 14 | GEICO | $2,135 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,227 |
| 17 | Unitrin | $2,310 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,672 |
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Travelers offers some of the lowest car insurance rates in Laredo at around $1,041 a year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the lowest-priced Laredo, TX car insurance companies.
In the above example, if you are a policyholder with Germania Mutual and switched to USAA, you could see an annual savings of roughly $160. Customers with Esurance might save as much as $337 a year, and California Casualty policyholders might lower prices by $340 a year.
It’s important to note that these policy rates are averages for all drivers and vehicles and do not take into consideration a specific zip code for a Honda CR-V. So the auto insurance company that fits your situation best may not even be in the list above. That points out the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
The diagram below shows how choosing a deductible can change yearly insurance costs when researching cheap insurance for a Honda CR-V. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower rates by $314 a year by changing from a $100 deductible up to a $500 deductible, or save $476 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, can save $676 each year by using a higher deductible.
If you make the decision to raise deductibles, it is necessary to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Impact of careless driving on insurance rates
One of the best ways to find low insurance rates in Texas for a CR-V is to be an attentive driver and not have accidents or get tickets. The chart below demonstrates how citations and at-fault accidents can influence insurance prices for different categories of driver ages. The rate quotes are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
In the chart above, the average cost of a car insurance policy in Laredo per year with no violations or accidents is $1,251. Factor in two speeding tickets and the average cost hikes up to $1,767, an increase of $516 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of insurance for a Honda CR-V increases to an average of $3,886. That’s an increase of $2,635, or $220 per month, just for not being a responsible driver!
Chances are good that you’re overpaying for CR-V insurance
Texas insurance rates are impacted by many things which can substantially change the price you pay. Getting older, filing a claim, or getting a reckless driving citation may prompt premium changes that may make certain companies cheaper than competitors.
Additionally, insurers file new Texas car insurance rates at least once a year in order to protect their financial rating. Larger than normal claims may result in price increases, while a better claims history may produce cheaper CR-V insurance rates.
As an example, the data below demonstrates which company has the cheapest car insurance in Laredo, TX for a 35-year-old male driver with a clear driving record, no claims, and a good credit rating. When quoting prices based on his personal profile, Travelers offers the best car insurance rates in Laredo at $1,273 a year. This is $631 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the top five cheapest Laredo, TX auto insurance companies.
Let’s now give the driver from the first rate comparison some claims, a lower credit rating, and a speeding citation. Since every insurance provider has their own guidelines to determining premium rates, comparing insurance quotes could now result in a significantly different list of affordable Laredo car insurance companies as shown below.
State Farm now has the lowest car insurance rate in Laredo with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This example proves why it is crucial to do a thorough rate comparison to find cheap insurance rates for a Honda CR-V. Insurance prices can be determined by many different factors and change substantially, so the most economical company the last time you shopped around may now be an over-priced policy.
How to find more affordable auto insurance for a Honda CR-V
Lowering your rates is not difficult, and here are many money-saving solutions that can help you locate low-cost car insurance.
- Save money by bundling your home and auto policies
- Higher deductibles mean lower rates
- Maintaining good credit helps earn cheaper rates
- Maintain a safe distance and avoid accidents
- Claim-free policyholders usually earn a discount
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Comparison shop at least every other year
The last suggestion is particularly important, as we hit on in this piece. Prices charged by auto insurers adjust often, so don’t be unwilling to buy a policy from a new company if you find a cheaper price.
Staying with the same company for years is fine, but it isn’t a good idea if that faithfulness ends up costing you thousands of dollars over the life of your policy. Now is a great time to compare prices to find cheaper auto insurance for a Honda CR-V in Laredo.