Finding the cheapest car insurance for a Honda CR-V is pretty simple, but it is dependent upon a large number of factors such as whether you own a home, your profession, and if you have a history of accidents. Texas drivers will pay around $921 a year to insure their CR-V, but that price is a projection calculated based on a 50-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
It’s highly likely you may not be 50 years old (or even male), you might be single instead of married, and you might want liability-only or different deductibles. The different assumptions illustrate why the best way to find the cheapest rates for your Honda is to just compare rates yourself. Comparing quotes is easy and you will be able to see rates from some of the best companies that insure vehicles in Texas.
Your Honda’s trim level can impact the cost of insurance, so the price you will be charged to insure a CR-V LX 2WD trim level will be $34 cheaper than the insurance cost for the fancier CR-V EX-L 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $222 | $414 | $310 | $18 | $94 | $1,058 | $88 |
| CR-V EX 2WD | $222 | $414 | $310 | $18 | $94 | $1,058 | $88 |
| CR-V LX 4WD | $222 | $414 | $310 | $18 | $94 | $1,058 | $88 |
| CR-V EX 4WD | $256 | $414 | $310 | $18 | $94 | $1,092 | $91 |
| CR-V EX-L 2WD | $256 | $414 | $310 | $18 | $94 | $1,092 | $91 |
| CR-V EX-L 4WD | $256 | $414 | $310 | $18 | $94 | $1,092 | $91 |
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can alter coverage rates considerably.
Buying coverage from a highly-rated car insurance company is hard considering how many companies are available to choose from in Texas. The ranking data displayed below may help you analyze which insurers to look at purchasing a policy from.
These ratings include large nationwide companies, so companies that focus mainly on Texas business are not included in the list. To check rates from these and other top-rated companies, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| 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 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 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
Rate difference between full and liability-only coverage
Reducing premiums for car insurance should be important to the majority of drivers, and one common way to pay lower rates for insurance for a Honda CR-V is to only pay for liability coverage. The diagram below illustrates the difference between insurance costs with full coverage compared to only the Texas minimum liability coverage. The data is based on no claims or violations, $500 deductibles, drivers are single, and no discounts are applied.
On average, full coverage on your policy costs an extra $1,831 per year over and above liability only. That is a big expense that brings up the question if paying for full coverage is a waste of money. There is no set guideline to eliminate physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after the policy deductible has been paid. If premium cost is more than $300 annually for full coverage, then it could be time to drop full coverage.
The example below highlights how deductible selection can increase or decrease insurance rates when trying to find cheap insurance for a Honda CR-V. The information is based on a married female driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $314 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $476 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old, can save up to $676 every year by choosing a larger deductible amount. If you do raise deductibles, it is important to have additional savings on hand to enable you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Can you find cheaper CR-V insurance?
Texas car insurance rates are based on many factors that will increase or decrease the cost of having a policy. Improving your credit score, buying a different home, or having a fender bender may cause policy rate changes that can now make some companies cheaper than others.
In addition, insurance companies modify rates as often as every three months to help ensure profitability. Unexpectedly high claims can result in more expensive premiums, while long-term profits may result in lower-priced CR-V insurance rates.
To help illustrate this point, the bar chart below shows the cheapest car insurance in Fort Worth, TX for a 30-year-old male driver with a clear driving record, no claims, and a good credit rating. If we compare prices based on his current rating profile, Travelers might offer the lowest car insurance rates in Fort Worth at $1,104 per year. This is $800 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remainder of the top five cheapest Fort Worth, TX auto insurance companies.
The chart below compares rates after we give the driver in the first example some claims, a lower credit rating, and a couple of points charged on his driving record. Because each insurer uses their own calculation for filing rates in each state, comparing insurance quotes will most likely result in a different list of the cheapest car insurance companies in Fort Worth as shown below.
State Farm now has the lowest car insurance rate in Fort Worth, TX with Mercury, USAA, Safe Auto, and Nationwide now rounding out the top five. This illustrates why consumers need to compare lots of rates when trying to find cheap auto insurance rates for a Honda CR-V.
Prices can be altered by many risk factors and can change substantially, so the most affordable company a year ago may now be quite expensive.
How to find low-cost insurance for a Honda CR-V
Below you’ll find some of the recommended thrifty solutions that can help Texas drivers find cheap car insurance.
- Buy safe vehicles
- At-fault accidents can raise rates significantly
- Claim-free drivers earn discounts
- Buying car and homeowners insurance together can save money
- Maintain a clean driving record
- Shop around for cheaper rates regularly
The last suggestion is particularly necessary, as was noted in the prior information. Prices charged by car insurance companies vary considerably, so don’t be afraid to change to a new company if a more affordable rate is found. Being loyal to a particular company is commendable, but it’s not recommended if that dedication is costing a lot of money every month. Take a few minutes and compare prices and find cheaper auto insurance for a Honda CR-V in Fort Worth.