Honda CR-V insurance image courtesy of QuoteInspector.com
Finding economical coverage for a Honda CR-V in New York is pretty easy for most people, but it relies on many different factors such as the age of the CR-V, your residence address, and citations on your driving record. Drivers pay approximately $459 a year for CR-V insurance, but that amount is based on a 50-year-old married male driver with full coverage and $1,000 deductibles.
It's highly likely you are not 50 and maybe not even a male, single instead of married, or maybe you don't qualify for the same discounts. Everyone has unique insurance needs, and this illustrates why the only real way to find cheap auto insurance rates for your Honda is to compare rates from as many companies as possible. It takes less than five minutes and you will be able to compare rates from some of the best companies that sell coverage in New York.
The specific model of CR-V will likely have an effect on the coverage cost, so the cost to insure a CR-V LX 2WD trim level will be $12 cheaper than the price to insure the higher-priced CR-V EX-L 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$86||$152||$216||$12||$64||$530||$44|
|CR-V EX 2WD||$86||$152||$216||$12||$64||$530||$44|
|CR-V LX 4WD||$86||$152||$216||$12||$64||$530||$44|
|CR-V EX 4WD||$98||$152||$216||$12||$64||$542||$45|
|CR-V EX-L 2WD||$98||$152||$216||$12||$64||$542||$45|
|CR-V EX-L 4WD||$98||$152||$216||$12||$64||$542||$45|
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can influence auto insurance rates considerably.
Deciding which companies offer the cheapest insurance rates for a Honda CR-V calls for a little more work in order to find the best price. Each insurance company has their own unique process for determining rates, so we need to take a look at the insurance companies with the overall cheapest rates in Buffalo.
Best Auto Insurance Prices for Your Honda
|Rank||Company||Cost Per Year|
|12||New York Central Mutual||$1,892|
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USAA normally has some of the best car insurance rates in Buffalo at around $1,152 a year. This is $923 less than the average price paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Allstate also are some of the best Buffalo, NY auto insurance companies.
As the rates illustrate above, if you are currently insured with Utica National and switched to USAA, you may realize an annual savings of about $352. Customers with Progressive may save as much as $360 a year, and Allstate policyholders might see rate reductions of $389 a year.
To find out how your current rates compare, click here to start your custom quote or click several companies below for low rates.
Understand that those rates are averaged for all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for a Honda CR-V. So the company that is best for you may not even be in the top 20 companies shown above. That points out the importance of why you need to get quotes using your own driver data and vehicle information.
How to get discounts on Buffalo auto insurance
Insurers that offer cheap quotes for a Honda CR-V may also give you price discounts that could lower prices by as much as 30% if you qualify. Large insurance companies and some of their more popular discounts are included below.
- State Farm may include discounts for multiple autos, student away at school, good driver, passive restraint, and multiple policy.
- American Family has savings for TimeAway discount, mySafetyValet, multi-vehicle, bundled insurance, accident-free, and good student.
- AAA may have discounts that include multi-policy, AAA membership discount, good driver, multi-car, and pay-in-full.
- GEICO discounts include anti-lock brakes, military active duty, seat belt use, multi-vehicle, five-year accident-free, good student, and federal employee.
- Mercury Insurance offers discounts for location of vehicle, multi-policy, accident-free, ease of repair, multi-car, and type of vehicle.
- Farmers Insurance offers premium reductions for youthful driver, distant student, early shopping, bundle discounts, switch companies, and multi-car.
- Progressive offers discounts including good student, continuous coverage, online signing, multi-vehicle, and multi-policy.
The illustration below illustrates the difference between car insurance rates with and without discounts applied to the policy premium. The information is based on a female driver, a clean driving record, no claims, New York state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with accident-free, vehicle safety, passive restraint, multiple vehicle, marriage, and claim-free discounts applied. When taking advantage of discounts, theaverage amount saved on insurance for a Honda CR-V is 27% or $372.
The benefit of shopping around
Buffalo, NY insurance rates are based on many factors that will increase or decrease the cost of having a policy. Simply having another birthday, buying a different vehicle, or getting a driving violation may cause policy rate changes resulting in some companies being much cheaper than others.
In addition to those changes, insurance companies change prices without warning to adjust for gains or losses. Higher than normal claim frequency or severity may result in high rates, while lower claim expenses may cause cheaper CR-V insurance rates.
To illustrate this example, the chart below shows rates for the cheapest car insurance in Buffalo, NY for a 40-year-old female driver with no violations or accidents, and a good credit rating. If we look at prices based on her current risk profile, USAA may have the cheapest car insurance rates in Buffalo at $1,877 each year. This is $198 less than the average price paid by New York drivers of $2,075. Erie, Progressive, Travelers, and Utica National also make the list of the best Buffalo, NY auto insurance companies.
Now we will give the driver from above a chargeable accident, slightly worse credit, and a few traffic violations. Since every insurance provider has a proprietary method for determining rates in each state, getting updated rate quotes could now result in a substantially altered list of companies as shown below.
MetLife now has the cheapest car insurance in Buffalo with Amica, Erie, Preferred Mutual, and New York Central Mutual also having competitive pricing. This demonstrates why consumers need to compare as many rates as possible to get the most budget-friendly insurance rates for a Honda CR-V.
Insurance prices are calculated by many different factors and change dramatically, so the most affordable company the last time you compared rates may now be an over-priced policy.
How to find the cheapest insurance for a Honda CR-V
The list below shows a few thrifty solutions that can help Buffalo drivers locate cheap coverage.
- Be a safe driver
- Higher credit scores can equal lower rates
- Don't waste money on full coverage for older vehicles
- Prevent rate increases by staying accident-free
- Higher comprehensive and collision coverage deductibles will save money
- Buy a car with high safety ratings
- Compare rates once a year for cheaper prices
The final tip is certainly crucial, as was emphasized in the article above. Insurance prices in Buffalo can be changed at any time, so don't be tentative to switch companies if a lower-cost policy is available.
Brand loyalty is not necessarily bad, but it's not recommended if that faithfulness ends up costing you money that could be going to better use. Spend a few minutes and compare prices and find cheaper car insurance for a Honda CR-V.