How Much is Auto Insurance for a Honda CR-V in New Orleans?

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.

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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.

Honda CR-V Insurance Rates in New Orleans, LA
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.

Top Insurance Companies for a Honda CR-V in New Orleans, LA
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: 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

Save on insurance for a CR-V in New OrleansInsurers 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.

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.

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.