How Much Is Auto Insurance for a Honda CR-V?
The average annual premium for a Honda CR-V is $369 for minimum coverage and $1,033 for full coverage.
Minimum is how much liability your state requires, while full adds comprehensive and collision to the minimum liability.
Drivers who own their rides may opt for the cheaper option, whereas those who are financing or leasing will most likely be required to carry a more extensive policy.
If you need help deciding how much car insurance you need and can afford, reach out to a Freeway agent to receive several options.
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Comparing Insurance Costs for Your CR-V to Other Vehicles
Honda CR-V drivers may pay a higher or lower premium than other makes and models within the same vehicle class (e.g., Toyota RAV4) due to a variety of factors, including safety records and cost of repairs.
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Types of Car Insurance Coverage for Your CR-V
Honda CRV drivers can benefit from several policy types offered by Freeway Insurance, including state minimum liability and full coverage.
Full coverage provides greater financial protection in case of an accident than state minimum liability coverage. It consists of liability, collision, and comprehensive insurance.
In an at-fault accident, liability helps pay for third parties or other drivers’ vehicle damage, and medical bills. It does not include a deductible, but your insurance company covers all expenses up to your liability limit. For example, if you are a California driver and the property damage from an accident costs $28,000, a minimum liability policy will only cover $5,000, with the remaining $23,000 paid by you out-of-pocket.
In turn, collision pays for collision-related damages. Comprehensive insurance covers damages to things outside your control, such as theft, falling objects, and natural disasters.
We recommend that you discuss your options with an agent, including coverage exclusions.
State Minimum Liability
Every U.S. state requires that its drivers carry minimum liability limits for bodily injury and property damage liability coverage.
Bodily injury and property damage liability limits help pay for costs to third parties after an at-fault accident, including medical expenses and vehicle repairs. Often, damages can easily exceed your chosen liability limits. In that case, you would be personally liable to pay for out-of-pocket costs.
We recommend increasing your liability limits to as much as possible. For example, a 100/300/100 policy offers greater peace of mind than California’s minimum liability limits of 15/30/5 and Texas’ 30/60/25.
Outside of liability, collision, and comprehensive insurance, your state may require one or more of the following types of coverage: underinsured/uninsured motorist coverage (UIM/UM), medical payments (MedPay), and personal injury protection (PIP).
Additional Optional Coverage
In addition to choosing full or minimum, drivers can pick from a variety of optional packages that offer a more complete policy. Some of these include:
How Does a DUI Affect Insurance Rates for a Honda CR-V?
DUIs have a strong negative impact on the cost of insurance premiums.
Even first-time DUI offenders can expect total insurance hikes to exceed by as much as $10,000 over ten years, even more so with second and subsequent offenses.
Other factors determining your premiums after a DUI include age, time since conviction, and the number of DUIs on your record. Some companies may even deny you a policy outright, citing you as too high of a risk to insure.
If you have been recently convicted of a DUI, expect to file for an SR-22, a certificate issued by your insurance provider which lets the state know you’re carrying the minimum liability limits. Obtaining one will also reinstate your license after a suspension.
After a DUI, remember to shop around and compare quotes. Some insurers offer cheaper DUI solutions than others.
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What Are Some Auto Insurance Discounts?
Fortunately, there are many discounts available to Honda CR-V drivers.
- One of the more popular types of discounts available is the multi-policy discount, awarded to drivers who purchase two or more policies from the same insurer. For example, bundling your auto and homeowner policies together connects you to savings of as much as 20% off each policy.
- Other types of discounts awarded by insurers are policy-related discounts. For example, you may be rewarded for paying your annual premium upfront and enrolling in autopay or paperless billing.
Regardless, the number one thing you should be doing to obtain discounts is maintaining a clean driving record. Maintaining a clean driving record free of moving violations, claims, and at-fault accidents for the past three to five years will ensure the highest cost savings.
What Are Some of the Characteristics Of the CR-V?
This is a compact SUV.
It only comes in two trims: EX and EX-L, and one engine option, a 190-horsepower turbo-four with front-wheel drive and continuously variable automatic transmission (CVT).
Standard features on the EX include a 7-inch touch screen, Apple CarPlay/Android Auto compatibility, 10-way power adjustable driver seat, and a suite of driver assistance features such as lane departure warning, blind spot monitoring, traffic sign recognition, and forward automatic emergency braking.
Upgrading to the EX-L gets you leather seating, a larger 9-inch touch screen, and an 8-speaker sound system.
Main competitors are the Mazda CX5, Hyundai Tucson, Toyota RAV4 and Subaru Forester.
Find the Best Car Insurance Rates for Your Honda CR-V Online Today
All Honda CR-V drivers can benefit from an affordable Insurance policy that meets all their coverage needs. Freeway Insurance is ready to find you the best rates, whether it’s a state minimum liability, full coverage, or another type of auto policy.
To get started, get in touch with us today! Request a quote on our website, visit one of our offices, or call 800-777-5620 to discuss your coverage options with one of our friendly representatives. It only takes less than 10 minutes to get a full quote.