Finding the best cheap auto insurance for a Honda CR-V is pretty simple for most people to do, but it is dependent upon a large number of rating criteria such as the safety rating of your vehicle, the likelihood of your vehicle being stolen, and your choice of physical damage deductibles. Drivers in Indiana pay around $746 each year to insure their CR-V, but that is an estimate based upon a 40-year-old married male driver with full physical damage coverage and $100 deductibles.
This brings up the issue that more than likely you aren't exactly 40 years old or even a male, possibly single instead of married, and you want different coverage limits than the example. Everone's needs are different, and this illustrates why the best method for finding cheap car insurance rates for your Honda is to do your own rate comparisons. Quotes are free and you can get prices from the best auto insurance companies that insure vehicles in Indiana.
The trim level of your vehicle impacts price, so the price you pay to insure a CR-V LX 2WD will be $28 cheaper than the cost to insure the more expensive CR-V EX-L 4WD model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$192||$330||$246||$14||$74||$856||$71|
|CR-V EX 2WD||$192||$330||$246||$14||$74||$856||$71|
|CR-V LX 4WD||$192||$330||$246||$14||$74||$856||$71|
|CR-V EX 4WD||$220||$330||$246||$14||$74||$884||$74|
|CR-V EX-L 2WD||$220||$330||$246||$14||$74||$884||$74|
|CR-V EX-L 4WD||$220||$330||$246||$14||$74||$884||$74|
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific location which can increase or decrease price quotes substantially.
Comparing rates for budget auto insurance is not the easiest thing to do, and finding out which insurers offer the cheapest insurance rates for a Honda CR-V in Indiana will take a little more work.
Each insurer has a proprietary method for establishing rates, so let's rank the most affordable insurance companies in Indiana.
Best Car Insurance Prices for Your Honda
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$841|
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Travelers has some of the cheapest car insurance rates in Indiana at around $596 a year. USAA, Cincinnati Insurance, Erie, and Western Reserve also are some of the cheaper Indiana insurance companies.
In this example, if you currently have a policy with Erie and switched to USAA, you may realize a yearly price reduction of upwards of $45. Indiana drivers with Western Reserve could save as much as $171 a year, and Indiana Farmers Mutual insureds might realize rate reductions of up to $174 a year.
To get a fast rate comparison, click here to get quotes or click several companies below for low rates.
Remember that these rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a specific rate factor for a Honda CR-V. So the car insurance company that can offer you the best price may not even be in the top 36 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.
Cautious Indiana drivers save money
The easiest way to maintain cheap insurance premiums in Indiana for a CR-V is to be a safe driver and not receive tickets or have accidents. The illustration below demonstrates how citations and fender-benders can impact annual premium costs for each age group. The rates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
In the chart above, the average cost of a car insurance policy in Indiana per year with no accidents or violations is $1,184. Get one speeding ticket and the average cost rises to $1,336, an increase of $153 each year. Now add in two accidents along with the one speeding ticket and the yearly cost of insurance for a Honda CR-V in Indiana increases to an average of $2,760. That's an increase of $1,576, or $131 per month, just for not being a responsible driver!
Don't make the mistake of not shopping around
Indiana insurance rates are impacted by many things that can increase the policy price. Simply having a birthday, buying another vehicle, or getting a reckless driving citation can cause premium changes that may make certain companies more affordable than others. Additionally, car insurance companies change premium rates every year or even multiple times each year in order to remain profitable. An extended period of higher than normal claims can cause higher rates, while profitable underwriting can result in cheaper CR-V insurance rates.
For example, the bar chart below shows a variety of companies that have the cheapest car insurance in Indiana for a 45-year-old female driver with no violations or accidents, and a high credit rating. If we look at prices based on her current risk factors, Travelers quotes the best car insurance rates in Indiana at $620 a year. This is $620 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also on the list of the most affordable Indiana auto insurance companies.
The example below compares rates after we give the driver from the first set of rates a claim, poor credit, and a couple of points charged on her driving record. Since each company uses their own method for determining prices, comparing insurance quotes may result in a significantly different list of cheap Indiana auto insurance companies as shown below.
Auto-Owners now has the cheapest auto insurance in Indiana with The Hartford, USAA, Nationwide, and Utica National now being in the top five. This example proves why drivers need to compare many different companies to find the best car insurance quotes for a Honda CR-V.
Insurance rates are calculated by many factors and can change substantially, so the most economical company the last time you shopped your coverage around may now cost much more than other companies.
How to find more affordable car insurance for a Honda CR-V in Indiana
The list below details some of the recommended penny-pinching suggestions that can help you buy more affordable auto insurance.
- You will pay more if you get tickets or have at-fault accidents
- Pay for smaller claims out-of-pocket
- Prevent rate increases by staying accident-free
- Save money by insuring your home and auto with the same company
- Buy vehicles with good safety ratings
- Look for cheaper rates once a year by shopping around
That last piece of advice is remarkably important, as we noted in this article. Car insurance rates can change considerably in a year, so don't be afraid to switch companies if you find a better deal. Many drivers tend to have loyalty to a certain company, but it's not a great idea if that faithfulness ends up costing you a wad of cash every year. If you have a few minutes, compare prices and find cheaper auto insurance for a Honda CR-V.