Buying the cheapest coverage for a Honda CR-V hinges on an enormous amount of rating factors such as how you use your vehicle, your profession, and any past driving violations you may have had. Drivers pay around $1,244 per year to insure their CR-V, but that figure is a valuation calculated based on a 30-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
More likely than not, you may not be 30 years old (or even male), you might be single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a very minor change in rating factors or requested coverage amount may result in significant differences in how much coverage for a Honda CR-V costs.
Not everyone needs the same coverages, so the best method for finding cheap auto insurance rates for your Honda is to compare as many rates as possible. In less than five minutes you will be able to see rates from some of the most affordable companies available.
Cheapest Honda CR-V Insurance Rates
The trim level of your vehicle tends to have a direct effect on the annual cost of coverage, so the price you pay to insure a CR-V LX 2WD model will be $50 less than the price to insure the more costly CR-V EX-L 4WD trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $336 | $572 | $382 | $22 | $114 | $1,426 | $119 |
| CR-V EX 2WD | $336 | $572 | $382 | $22 | $114 | $1,426 | $119 |
| CR-V LX 4WD | $336 | $572 | $382 | $22 | $114 | $1,426 | $119 |
| CR-V EX 4WD | $386 | $572 | $382 | $22 | $114 | $1,476 | $123 |
| CR-V EX-L 2WD | $386 | $572 | $382 | $22 | $114 | $1,476 | $123 |
| CR-V EX-L 4WD | $386 | $572 | $382 | $22 | $114 | $1,476 | $123 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices significantly.
Comparing rates for cost effective insurance is not most people’s favorite thing to do, and deciding which company offers the best auto insurance rates for a Honda CR-V may require a little more work. Every insurance provider has a unique formula for determining rates, so we’ll take a look at the most competitive auto insurance companies in Oklahoma.
It’s important to understand that Oklahoma City auto insurance rates are impacted by many factors that can increase the price of your policy. Simply having another birthday, getting married, or having an accident may generate price changes that can make some companies more expensive than others.
Find Cheaper Car Insurance for Your Honda
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,161 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | The Hartford | $1,373 |
| 4 | GEICO | $1,381 |
| 5 | Safe Auto | $1,405 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,536 |
| 8 | Liberty Mutual | $1,852 |
| 9 | Travelers | $1,868 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,018 |
| 12 | Home State | $2,149 |
| 13 | Progressive | $2,157 |
| 14 | MetLife | $2,169 |
| 15 | Shelter | $2,173 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
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USAA may have some of the cheapest car insurance rates in Oklahoma City at around $1,161 each year. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are also some of the more affordable Oklahoma City, OK car insurance companies.
As illustrated above, if you are a customer of GEICO and switched to Oklahoma Farmers Union, you may see a yearly price reduction of around $191. Insureds with Safe Auto could save as much as $215 a year, and Farmers customers might realize rate reductions of up to $246 a year.
If you want to see how much you could save, click here to begin a quote or visit several of the following companies.
Remember that these estimates are averages across all drivers and vehicles and do not factor in an exact vehicle garaging location for a Honda CR-V. So the insurer that can offer you the lowest price may not even be in the top 17 companies shown above. That’s why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
Does it make sense to buy full coverage?
Saving money when shopping for auto insurance should be important to most drivers, and one great way to buy cheaper insurance for a Honda CR-V is to only buy liability coverage. The information below compares auto insurance costs with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no additional discounts are factored in.
If all age groups are averaged, full coverage on your policy costs an extra $2,349 per year over and above liability only. That amount may make you wonder when is the right time to remove full coverage. There is no clear-cut formula for phasing out physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying your policy deductible. If you are paying more than $500 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some cases where only buying liability is not advised. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Your cheap CR-V insurance may actually be overpriced
Oklahoma auto insurance rates are influenced by many factors that control the policy premium. Improving your credit rating, becoming a homeowner, or getting into an accident can trigger changes in premium resulting in some rates now being much cheaper than others. Not only may your risk profile change, but companies change their prices at least once a year to adjust for heavy claims or excess profits. An unexpected high level of claims may cause price increases, while lower claims can result in lower-priced CR-V insurance rates.
The graph below shows the cheapest car insurance in Oklahoma City, OK for a 30-year-old male driver with a clear driving record, no claims, and a decent credit rating. When comparing rates based on his personal risk profile, USAA has the best car insurance rates in Oklahoma City at $1,418 each year. This is $549 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, Safe Auto, The Hartford, and GEICO are also included in the cheapest Oklahoma City, OK auto insurance companies.
Let’s now give the driver from the above example a claim surcharge, slightly worse credit, and a few traffic violations. Because every insurance company uses their own method for determining prices, comparing rates may now present a different ranking of the cheapest Oklahoma City car insurance companies as shown below.
State Farm now has the best car insurance rate in Oklahoma City, OK with Oklahoma Farmers Union, Travelers, Liberty Mutual, and Safe Auto also having competitive pricing. This example illustrates why consumers need to take the time to shop around when trying to find the most affordable car insurance quotes for a Honda CR-V. Prices can be altered by many risk factors and can change substantially, so the cheapest option the last time you shopped around may now be priced much higher than other options.
How to find low-cost auto insurance for a Honda CR-V
The list below shows a few money-saving solutions that can help Oklahoma drivers get cheaper car insurance.
- Do not get tickets
- Don’t have frequent claims
- At-fault accidents will increase rates
- Save money by only buying liability coverage for older vehicles
- Increase your comprehensive and collision deductibles
- Keep rates low by comparing prices once a year
The last suggestion is very crucial, as was stressed in this write-up. Auto insurance prices in Oklahoma City can be adjusted at any time, so drivers shouldn’t be reluctant to buy a different policy if a better deal can be had. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that dedication is costing a considerable chunk of change every month. It takes less than five minutes to compare rates to find cheaper insurance for a Honda CR-V.
If you aren’t clear which coverage you need and would like to get some professional input when trying to find lower insurance rates for a CR-V, the agents shown below can help you determine which policy fits your needs best.
To find an Oklahoma City insurance agency closest to you, click the button at the bottom.
- State Auto Insurance Agency Inc
4717 S Western Ave – Oklahoma City, OK 73109 – (405) 631-5575 - Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106 - Marcia Corcoran – State Farm Insurance Agent
3135 NW 63rd St b – Oklahoma City, OK 73116 – (405) 848-8878 - Dan Ryan Insurance
6300 S Western Ave – Oklahoma City, OK 73139 – (405) 631-6300 - Jerry Black – State Farm Insurance Agent
12325 N May Ave #117 – Oklahoma City, OK 73120 – (405) 751-1860