Buying the cheapest coverage for a Honda CR-V is dependent upon an enormous amount of rating factors such as whether you are married, whether or not you have prior claims, and citations on your driving record. Drivers in Louisiana will pay around $1,125 each year to insure their CR-V, but that is a valuation based upon a 50-year-old married male driver with full physical damage coverage and $100 deductibles.
There’s a high likelihood you are not 50 years old and maybe not even male, possibly single instead of married, and you might want liability-only or different deductibles. Auto insurance requires individual risk assessment, so the best way to find cheap insurance prices for your Honda is to do a thorough rate comparison. Quotes are always free and you will be able to see rates from some of the best companies that sell coverage in Louisiana.
The trim level of your vehicle can impact the cost of coverage, so the rate you will pay to insure a CR-V LX 2WD model will be $40 cheaper than the cost to insure the more expensive CR-V EX-L 4WD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $272 | $504 | $380 | $22 | $114 | $1,292 | $108 |
| CR-V EX 2WD | $272 | $504 | $380 | $22 | $114 | $1,292 | $108 |
| CR-V LX 4WD | $272 | $504 | $380 | $22 | $114 | $1,292 | $108 |
| CR-V EX 4WD | $312 | $504 | $380 | $22 | $114 | $1,332 | $111 |
| CR-V EX-L 2WD | $312 | $504 | $380 | $22 | $114 | $1,332 | $111 |
| CR-V EX-L 4WD | $312 | $504 | $380 | $22 | $114 | $1,332 | $111 |
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in your specific New Orleans location which can change premium rates noticeably.
Choosing the top insurance company can be difficult considering how many choices drivers have in New Orleans. The rank data shown below may help you choose which insurers to look at when trying to find the cheapest insurance for a Honda CR-V. These rankings are only comprised of companies with a national presence, so smaller regional companies are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates compared to liability only
Lowering the price of insurance should be important to the majority of people, and one way to pay less for insurance for a Honda CR-V is to only buy liability insurance. The example below shows the comparison of insurance prices with liability coverage only compared to full coverage. The premiums assume no accidents, no driving violations, $1,000 deductibles, single marital status, and no discounts are factored in.
On average, physical damage coverage costs an extra $1,944 per year over liability only. That is a significant amount which raises the question if you should buy full coverage. There isn’t a steadfast formula that is best for determining when to drop full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
There are a few cases where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. 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.
Get discounts on New Orleans car insurance rates
Insurers that provide coverage for a Honda CR-V may provide discounts that could reduce prices by 35% or more if you qualify. The best insurance companies and the discounts they provide are detailed below.
- 21st Century offers discounts for early bird, air bags, good student, theft prevention, and homeowners.
- State Farm may have discounts that include defensive driving training, Drive Safe & Save, multiple policy, good driver, safe vehicle, and good student.
- AAA has discounts for anti-theft, education and occupation, good student, pay-in-full, multi-policy, and multi-car.
- Liberty Mutual may include discounts for multi-policy, new graduate, exclusive group savings, safety features, teen driver discount, and preferred payment discount.
- Progressive includes discounts for multi-vehicle, online quote discount, homeowner, continuous coverage, and online signing.
The information below compares insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no accidents or driving violations, Louisiana state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple vehicle, accident-free, vehicle safety, homeowner, claim-free, and defensive driving course discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for a Honda CR-V is 28% or $587.
How to find economical auto insurance for a Honda CR-V
Below you’ll find many money-saving suggestions that can help drivers buy more affordable car insurance.
- Try to pay small claims out-of-pocket
- Do not pay for full coverage if not needed
- Increase your physical damage deductibles
- Improve your credit score
- Buying car and homeowners insurance together can save money
- The safer your car, the less it costs to insure
- Keep rates low by comparing prices once a year
The final tip is highly necessary, as we pointed out in this piece. Prices charged by car insurance companies in New Orleans fluctuate considerably, so you should be ready to switch to a new company if a cheaper rate is available.
Staying with the same car insurance company is fine, but is isn’t recommended if that devotion results in you overpaying thousands of dollars over the life of your policy. If you have a few minutes, compare rates and find cheaper insurance for a Honda CR-V.