Buying affordable auto insurance for a Honda CR-V depends on a lot of factors such as annual vehicle mileage, the likelihood of vehicle theft, and your driving record. Drivers will pay around $911 each year for CR-V insurance, but that amount is an estimate based upon a 50-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
But there is a high probability that you are not 50 years old and maybe not even male, possibly married instead of single, or maybe you are just looking for cheap liability insurance. Have just a small change in rating variables can make a big difference in the coverage rate.
Not every driver requires the same auto insurance coverages, so the only real way to find the cheapest insurance price for your Honda is to put in the effort to do a thorough rate comparison. Quotes only take a couple of minutes and you will be able to compare rates from the cheapest companies around.
Compare Honda CR-V Insurance Rates
The specific model of CR-V will have an impact the annual cost of coverage, so the price to insure a CR-V LX 2WD model will be $26 cheaper than the cost to insure the fancier CR-V EX-L 4WD trim level, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $186 | $350 | $378 | $22 | $114 | $1,050 | $88 |
| CR-V EX 2WD | $186 | $350 | $378 | $22 | $114 | $1,050 | $88 |
| CR-V LX 4WD | $186 | $350 | $378 | $22 | $114 | $1,050 | $88 |
| CR-V EX 4WD | $212 | $350 | $378 | $22 | $114 | $1,076 | $90 |
| CR-V EX-L 2WD | $212 | $350 | $378 | $22 | $114 | $1,076 | $90 |
| CR-V EX-L 4WD | $212 | $350 | $378 | $22 | $114 | $1,076 | $90 |
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in zip code location which can alter prices greatly.
Figuring out which company quotes the most affordable insurance rates for a Honda CR-V will require a bit more effort in order to find a policy that fits your budget. Each insurer uses a little different formula to set premium rates, so let’s rank the lowest cost insurance companies in Atlanta.
It’s a good idea to know that Georgia insurance rates are calculated based on many things that may substantially change the policy premium. Getting older, having a claim, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be more affordable than competitors.
Best Cheap Insurance Rates for Your Honda
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $830 |
| 2 | The Hartford | $922 |
| 3 | USAA | $1,008 |
| 4 | Central Mutual | $1,193 |
| 5 | Georgia Farm Bureau | $1,260 |
| 6 | MetLife | $1,264 |
| 7 | Travelers | $1,318 |
| 8 | Safeco | $1,369 |
| 9 | Country | $1,391 |
| 10 | Mercury | $1,397 |
| 11 | Allied | $1,409 |
| 12 | State Farm | $1,432 |
| 13 | California Casualty | $1,561 |
| 14 | Encompass | $1,673 |
| 15 | Progressive | $1,774 |
| 16 | Nationwide | $1,827 |
| 17 | Liberty Mutual | $2,044 |
| 18 | GEICO | $2,143 |
| 19 | Allstate | $2,180 |
| 20 | Victoria | $2,585 |
| Find Cheaper Rates Go | ||
Auto-Owners quotes some of the most affordable car insurance rates in Atlanta at around $830 a year. This is $699 less than the average policy premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau also rank well as some of the cheaper Atlanta, GA car insurance companies.
In the above example, if you are a policyholder with Central Mutual and switched to Auto-Owners, you could earn annual savings of upwards of $363. Customers with Georgia Farm Bureau may save as much as $430 a year, and MetLife insureds might see rate reductions of $434 a year.
If you want to find out if you’re overpaying, click here to get quotes or visit any of the low-priced companies below.
It’s important to note that these premiums are averaged across all types of insureds and vehicles and and are not calculated with an exact zip code location for a Honda CR-V. So the company that fits your needs best may not even be in the top 20 companies shown above. That is why you need to get quotes using your own personal information and vehicle type.
Should you buy full coverage?
Reducing premiums for insurance is probably important to most drivers, and one easy way to find cheap insurance for a Honda CR-V is to only buy liability coverage. The information below illustrates the difference between yearly insurance costs with full coverage and liability only. The premium estimates are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs $1,891 per year more than just insuring for liability. Many of you may wonder if paying for full coverage is worth it. There isn’t a written rule for eliminating full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
There are some conditions where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Don’t stick with an overpriced policy
Atlanta insurance rates are influenced by many factors that control the cost of your policy. Getting older, getting married, or getting a driving violation can trigger rate changes resulting in some rates now being more affordable than the competition.
Not only may your risk profile change, but car insurance companies amend pricing at least once a year as an adjustment for underwriting gains or losses. Unexpectedly high claims can cause higher rates, while lower claim expenses can produce cheaper CR-V insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Atlanta, GA for a 40-year-old female driver with a clear driving record, no claims, and great credit. Based on her current situation, Auto-Owners may have the cheapest car insurance rates in Atlanta at $1,137 a year. This is $392 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife round out the rest of the cheapest Atlanta, GA auto insurance companies.
In this example, we will give the driver from the first set of rates some claims, less-than-perfect credit, and a few traffic violations. Since every car insurance company has a proprietary formula for determining rates, comparing insurance quotes may result in a different set of affordable companies as shown below.
The Hartford now has the best price on car insurance in Atlanta with Georgia Farm Bureau, Country, Safeco, and Mercury now rounding out the top five. This demonstrates why it is critical to shop around when trying to get the cheapest insurance quotes for a Honda CR-V.
Rates consist of many things and change frequently, so the cheapest option a year ago may now be an over-priced policy.
How to find more affordable auto insurance for a Honda CR-V
It is possible to find better rates, and here are a few thrifty suggestions that can help you locate cheap auto insurance.
- Higher deductibles mean lower rates
- Save money by bundling your home and auto policies
- Safer vehicles cost less to insure
- Better credit rating means better rates
- If possible, pay for small claims out-of-pocket
- Assess whether full coverage is needed
- Keep rates low by shopping around frequently
That final tip is incredibly necessary, as we noted in the prior information. Insurance rates change frequently, so don’t be tentative to switch carriers if a better deal can be had.
Having brand loyalty is commendable, but is isn’t recommended if that loyalty ends up costing a lot of money every month. Take a few minutes and compare prices to find cheaper insurance for a Honda CR-V in Atlanta.
If you aren’t sure which coverage you need and prefer to have the advice of a professional agent when comparing insurance rates for a CR-V, the insurance agencies listed below can help you make a decision which insurance coverage will be best for you. To locate an Atlanta auto insurance agent close to where you live, click the button at the bottom of the list.
- PointeNorth Insurance Group
1100 Cir 75 Pkwy SE #140 – Atlanta, GA 30339 – (800) 634-2903 - Dale Massey – State Farm Insurance Agent
4605 Roswell Rd NE – Atlanta, GA 30342 – (404) 257-8880 - Perimeter Insurance Agency
5855 Buford Hwy NE # E – Atlanta, GA 30340 – (770) 452-8881 - Clyde Hill Jr – State Farm Insurance Agent
3041 N E Expy – Atlanta, GA 30341 – (770) 452-1485