Finding the best cheap auto insurance for a Honda CR-V in Texas hinges on a whole bunch of rating criteria such as driver age, if you have a tendency to file claims, and the deductible amount you use. Drivers pay around $921 per year to insure their CR-V, but that cost is a projection calculated using a 50-year-old married male driver with full coverage and $100 deductibles.
The issue that arises when projecting rates is that it’s very likely that you may not be 50 years old (or even male), single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a very minor change in rating variables may result in a big change in how much coverage for a Honda CR-V costs.
This demonstrates why the only real way to find the cheapest rates for your Honda is to just compare rates yourself.
Your Honda’s trim level tends to have a direct effect on the coverage cost, so the price you will be charged to insure a CR-V LX 2WD will be $34 cheaper than the insurance cost for the higher-end CR-V EX-L 4WD model, as demonstrated by the prices 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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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rates do not factor in Dallas location which can change rates significantly.
Deciding which companies offer the best auto insurance rates for a Honda CR-V calls for a little more work than just getting one or two price quotes.
Every car insurance company uses their own formula to set their prices, so let’s look at the rankings for the auto insurance companies with the most affordable rates in Texas. We do need to point out that Texas auto insurance rates are determined by lots of factors that may substantially change the price of coverage. Simply having a birthday, marrying your spouse, or having a fender bender can produce rate changes that can cause some rates to be cheaper than others.
Find Cheaper Auto Insurance for Your Honda
Travelers has some of the best car insurance rates in Dallas at around $1,041 a year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the cheapest Dallas, TX car insurance companies.
In the above example, if you buy coverage from Germania Mutual and switched to Travelers, you may realize yearly savings of in the vicinity of $241. Policyholders with California Casualty may save as much as $355 a year, and Esurance customers might lower prices by $380 a year.
To find cheaper insurance rates for your vehicle, click here or visit any of the low-priced companies below.
Be aware that those premium estimates are averaged for all ages of drivers and types of vehicles and do not factor in an exact zip code location for a Honda CR-V. So the company that fits you best may not even be in the list above. That underscores the importance of why you need to get quotes using your own individual information.
Cost of full coverage
Paying a lower price for auto insurance is the goal of most people, and one great way to pay less for insurance for a Honda CR-V is to buy liability only. The diagram below illustrates the difference between premium costs with full coverage compared to only the Texas minimum liability coverage. The information is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied.
On average, physical damage coverage on your policy costs an additional $1,831 per year over and above liability only. That touches on the question if buying full coverage is worth the money. There is no clear-cut rule of when to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
Discount Dallas auto insurance
Insurers that offer quotes for a Honda CR-V may also give you premium discounts that may potentially lower prices by as much as 35% or more if you are eligible. A list of auto insurance companies and some of the premium reductions they offer are:
- State Farm may include discounts for anti-theft, accident-free, good student, multiple autos, Steer Clear safe driver discount, driver’s education, and multiple policy.
- GEICO policyholders can earn discounts including air bags, military active duty, good student, emergency military deployment, and multi-vehicle.
- SAFECO has discounts for anti-theft, multi-car, anti-lock brakes, drive less, homeowner, and bundle discounts.
- Farmers Insurance offers premium reductions for homeowner, bundle discounts, mature driver, switch companies, distant student, pay in full, and electronic funds transfer.
- AAA offers discounts including education and occupation, multi-car, good driver, good student, and pay-in-full.
- USAA may have discounts that include multi-policy, loyalty savings, new vehicle, good student, and defensive driver.
The information below shows the difference between insurance rates with and without discounts being applied to the rates. The premiums are based on a male driver, no violations or claims, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with claim-free, anti-theft, safe-driver, marriage, accident-free, and vehicle safety discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for a Honda CR-V is 27% or $613.
You are probably paying too much for CR-V insurance
Dallas auto insurance rates are based on many factors which can substantially decrease or increase the price you pay for coverage. Turning one year older, marrying your spouse, or getting caught speeding can trigger price changes that can now make some companies cheaper than before. Not only may your situation change, but car insurance companies amend pricing every year to adjust for heavy claims or excess profits. A period of higher than normal claims may cause rate increases, while a lower level of claims can cause lower-cost CR-V insurance rates.
To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Dallas, TX for a 45-year-old male driver with a clean driving record, no accidents, and a high credit rating. If we compare prices based on his current rating profile, Travelers might quote the lowest car insurance rates in Dallas at $1,289 per year. This is $615 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the top five cheapest Dallas, TX auto insurance companies.
In this example, we will give the driver in the first chart a chargeable accident, less-than-perfect credit, and a traffic citation. Since every insurance provider has a different formula to set policy rates, analyzing rates may now show a substantially altered list of affordable Dallas car insurance companies as shown below.
State Farm now has the best insurance rate in Dallas, TX with Mercury, USAA, Safe Auto, and Nationwide now rounding out the top five. This example proves why it is critical to compare rates to find the lowest auto insurance quotes for a Honda CR-V. Rates are impacted by many factors and can increase or decrease at any time, so the most economical option the last time you shopped your coverage around may now be one of the higher cost companies.
How to find economical auto insurance for a Honda CR-V
Here are some of the better penny-pinching solutions that can help drivers buy cheap coverage.
- Frequent claims may make car insurance unaffordable
- Bundle home or renters insurance to earn a discount on car insurance
- Avoid preventable accidents
- Raise comprehensive and collision coverage deductibles
- Do not get tickets or violations
- Good credit scores may lower your rates
- Check for cheaper rates once a year
The last suggestion is especially critical, as was emphasized in this piece. Coverage prices in Dallas vary greatly, so don’t be tentative to buy from a different company if a lower price can be found.
Having a favorite company is fine, but it’s not a good idea if that stubbornness costs you a small fortune. Spend a few minutes and compare prices to find cheaper car insurance for a Honda CR-V.
The professional agents shown below can most likely aid you in deciding which coverage fits your budget, since some drivers have questions and prefer to get some help when trying to find lower insurance rates for a Honda CR-V. It can be complicated to find the cheapest auto insurance company, so insurance agents licensed in the state of Texas can provide peace of mind knowing you have decent coverage if you have a claim. To find a Dallas insurance agent closest to you, click the button at the bottom or click here to compare price quotes now.
- Larry Sandlin – State Farm Insurance Agent
4560 W Mockingbird Ln #120 – Dallas, TX 75209 – (214) 526-5227 - Nationwide Insurance: Comparable Insurance Agency Inc
9750 Walnut St Ste 106 – Dallas, TX 75243 – (214) 575-2750 - Nationwide Insurance: Paula L Ratliff Agency Inc
11661 Preston Rd #146 – Dallas, TX 75230 – (214) 890-0760