Cheap Rates for Honda CR-V Insurance in Oklahoma City

Smart shoppers know that insurance companies don’t want you comparing rates. People who shop around will, in all likelihood, switch to a new company because they stand a good chance of finding better rates. A recent auto insurance study revealed that drivers who regularly shopped around saved as much as $3,450 over four years compared to policyholders who didn’t regularly shop around.

If finding the lowest price for insurance is your target objective, then knowing how to get free comparison quotes and analyze insurance can help you succeed in finding affordable rates.

It takes a few minutes, but the best way to get discount auto insurance rates in Oklahoma City is to start doing an annual price comparison from insurance carriers who can sell car insurance in Oklahoma. Prices can be compared by following these steps.

• Step 1: Take a few minutes and learn about what is in your policy and the things you can change to drop your rates. Many factors that result in higher prices like tickets, at-fault accidents, and a poor credit score can be eliminated by making lifestyle changes or driving safer.
• Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive or State Farm, while independent agencies can provide price quotes for a wide range of companies.
• Step 3: Compare the new rate quotes to your current policy premium to see if a cheaper price is available in Oklahoma City. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.

The critical component of shopping around is to make sure you’re comparing similar coverage information on every price quote and and to get price estimates from as many carriers as you can. This ensures the most accurate price comparison and a better comparison of the market.

How do Insurers Determine Honda CR-V Insurance Prices?

Multiple criteria are considered when premium rates are determined. Some of the criteria are obvious such as traffic violations, but other criteria are not as apparent like where you live or your financial responsibility.

The itemized list below are some of the most rate-impacting factors that factor into your premiums.

• Premiums and your address – Being located in small towns and rural areas can be a good thing when shopping for auto insurance. Fewer people translates into fewer accident claims and a lower car theft rate. People who live in big cities tend to have much more traffic and more severe claims. More time commuting means a statistically higher chance of an accident.

• With age comes responsibility – Inexperience drivers tend to be more careless in a vehicle therefore insurance rates are much higher. Older insureds are shown to be more cautious, tend to cause fewer accidents, and are generally more financially stable.

  The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

• You might want pay the inexpensive claims yourself – If you file a lot of claims don’t be surprised to see higher premiums or even policy non-renewal. Companies in Oklahoma give most affordable rates to people who only file infrequent claims. Insurance coverage is meant to be used in the event of larger claims.
• Improve your credit score and save – A driver’s credit score can be an important factor in determining what you pay. Therefore, if your credit rating is low, you may save money insuring your Honda CR-V if you improve your credit rating. Drivers who have excellent credit tend to be more responsible than drivers who have bad credit.
• Rates and vocation – Jobs like judges, air traffic controllers, and dentists usually pay higher rates than average due to job stress and long work days. On the other hand, occupations such as professors, students and retirees have lower than average premiums.
• Limits of liability insurance – The liability coverage on your policy is the protection when you are determined to be liable for physical damage or personal injury to other. Your liability coverage provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to comp and collision, so insureds should have plenty of protection for their assets.

• Insurance loss probability for a Honda CR-V – Car insurance companies analyze claim trends for every vehicle as a way to help calculate a profitable premium price. Vehicles that statistically have higher number or severity of losses will have higher rates.

  The table shown below demonstrates the actual insurance loss data for Honda CR-V vehicles. For each insurance policy coverage type, the claim probability for all vehicles, as an average, is considered to be 100. Percentage numbers below 100 suggest losses that are better than average, while percentage numbers above 100 point to more frequent losses or a tendency for losses to be larger than average.

  
  

  Honda CR-V Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda CR-V 4dr 2WD	68	81	58	93	86	77
  Honda CR-V 4dr 4WD	69	82	69	90	87	78

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

How to compare free Oklahoma City Honda CR-V insurance quotes

The auto insurance companies shown below are ready to provide free quotes in Oklahoma. If the list has multiple companies, it’s highly recommended you click on several of them to get a more complete price comparison.

Detailed insurance information

The table displayed below highlights detailed analysis of insurance policy prices for Honda CR-V models. Learning more about how insurance rates are determined can be useful when making decisions when shopping around.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in garaging location in Oklahoma City which can raise or lower price quotes greatly.

Higher deductibles save money

One of the more difficult decisions when buying car insurance is how high should the physical damage coverage deductibles be. The rates shown below can help illustrate the rate differences when you select higher and lower policy deductibles. The first rate table uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rates do not factor in specific garaging location which can alter rates considerably.

Based on the above data, using a $250 deductible costs an average of $14 more each month or $168 each year across all Honda CR-V models than quoting the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 18 months between claims, you would more than likely save some money if you elect the higher deductible.

Males versus Females

The chart below shows the difference between Honda CR-V premium costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Insurance is an important decision

Despite the fact that insurance is not cheap in Oklahoma City, insurance is required by state law in Oklahoma and it also provides benefits you may not be aware of.

First, most states have mandatory insurance requirements which means state laws require specific limits of liability in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your vehicle, it’s guaranteed your bank will require that you buy insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender will be forced to insure your Honda at a much higher premium rate and require you to fork over for the expensive policy.

Third, insurance protects both your Honda CR-V and your assets. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. According to a recent study, the average American driver is overpaying more than $820 a year so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.

Discount Oklahoma City auto insurance quotes

Companies that sell car insurance don’t always list all available discounts very well, so the following is a list of both the well known and the harder-to-find credits available to you. If you’re not getting every credit you deserve, you could be saving more on your auto insurance.

• Student Discounts – This discount may save you up to 25%. Earning this discount can benefit you up to age 25.
• Fewer Miles Equal More Savings – Low mileage vehicles could earn substantially lower rates.
• ABS Brakes – Cars and trucks that have steering control and anti-lock brakes can stop better under adverse conditions and therefore earn up to a 10% discount.
• Telematics Devices – Drivers that enable data collection to analyze driving manner remotely such as State Farm’s In-Drive might get better premium rates if they show good driving skills.
• Federal Employees – Active or retired federal employment may qualify for a discount when you quote Oklahoma City auto insurance with select insurance companies.
• Air Bag Discount – Vehicles equipped with air bags or automatic seat belts could see savings of 20 to 30 percent.

We need to note that most credits do not apply to the whole policy. Most only apply to individual premiums such as liability and collision coverage. Even though it appears it’s possible to get free car insurance, that’s just not realistic. Any amount of discount will cut your overall bill.

The diagram below illustrates the comparison of Honda CR-V yearly insurance costs with and without discounts. Data assumes a male driver, no violations or accidents, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, claim-free, marriage, and multi-car discounts applied.

The best auto insurance companies and their possible discounts can be read below.

• GEICO may have discounts that include driver training, membership and employees, defensive driver, daytime running lights, multi-vehicle, and multi-policy.
• Travelers offers discounts including home ownership, multi-policy, continuous insurance, hybrid/electric vehicle, driver training, and early quote.
• Nationwide includes discounts for accident-free, good student, easy pay, multi-policy, anti-theft, and family plan.
• Farmers Insurance policyholders can earn discounts including electronic funds transfer, multi-car, pay in full, homeowner, good student, bundle discounts, and distant student.
• Esurance offers premium reductions for claim free, multi-car, defensive driver, safety device, Switch & Save, multi-policy, and online shopper.
• State Farm discounts include safe vehicle, passive restraint, multiple autos, defensive driving training, accident-free, good driver, and Drive Safe & Save.
• Progressive has discounts for good student, multi-policy, continuous coverage, online signing, and multi-vehicle.
• Mercury Insurance offers discounts for multi-policy, low natural disaster claims, ease of repair, age of vehicle, and professional/association.

If you are trying to find low cost Oklahoma City auto insurance quotes, ask each company the best way to save money. Some credits may not apply to policyholders in your state. If you would like to see a list of providers that offer multiple discounts in Oklahoma, click this link.

Local Oklahoma City car insurance agents

Many people just prefer to talk to an insurance agent and that is a personal choice. Good insurance agents are highly skilled in risk management and help submit paperwork. An additional benefit of comparing rate quotes online is you can get cheap insurance rates and still have an agent to talk to.

After completing this simple form, your information is submitted to local insurance agents who will give you quotes for your insurance coverage. There is no need to visit any agencies since rate quotes are delivered directly to your email. If for some reason you want to compare prices from one company in particular, feel free to find their quoting web page and fill out their quote form.

Choosing an company needs to be determined by more than just the price. Before buying a policy in Oklahoma City, get answers to these questions.

• If you have an accident, will your rates go up?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Is their price quote a firm figure or are their hidden costs?
• Can glass repairs be made at your home?
• Do they review policy coverages at every renewal?
• Is every driver in your family covered?
• Will the quote change when the policy is issued?

If you want to buy insurance from a good Oklahoma City insurance agent, it’s helpful to know the different agency structures and how they can service your needs differently. Agents are classified as either independent or exclusive. Either can provide insurance policies, but it’s worth mentioning the difference in the companies they write for because it can impact which agent you choose.

Exclusive Agencies

Agents of this type can usually just insure with one company such as State Farm or Allstate. These agents are not able to shop your coverage around so they have no alternatives for high prices. Exclusive agents are trained well on sales techniques which helps overcome the inability to quote other rates.

Listed below is a list of exclusive agencies in Oklahoma City that are able to give price quotes.

More Oklahoma City agents

Independent Agents (or Brokers)

Agents that choose to be independent can sell policies from many different companies so as a result can place your coverage through many companies and help determine which has the cheapest rates. If prices rise, your agent can switch companies and you don’t have to find a new agent.

If you are comparing rate quotes, we highly recommend that you include price quotes from several independent agencies so that you have a good selection of quotes to compare.

Below are independent insurance agents in Oklahoma City that can give you price quotes.

More Oklahoma City agents

Upon receiving good answers for all questions you ask and low cost Honda CR-V insurance quotes, you have narrowed it down to an auto insurance agent that is a good match to service your policy.

Oklahoma auto insurance companies ranked

Buying coverage from the top auto insurance provider can be rather challenging considering how many choices you have in Oklahoma City. The ranking information listed below can help you choose which auto insurers you want to consider purchasing from.

Top 10 Oklahoma City Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

Top 10 Oklahoma City Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Persistent drivers can save

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are a lot of situations where an insured dropped collision coverage to discover at claim time that the few dollars in savings costed them thousands. Your goal should be to get the best coverage possible at the best price while not skimping on critical coverages.

We’ve covered a lot of tips how to shop for Honda CR-V insurance online. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even discover the best prices are with a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.

Some insurance companies don’t offer online price quotes and these small, regional companies only sell through independent agents. Low-cost Honda CR-V insurance in Oklahoma City is possible both online and from local insurance agents, so you should compare both to have the best chance of lowering rates.

Additional information is available at the links below

• Vehicle Safety Ratings (iihs.org)
• How Much is Oklahoma City Auto Insurance for a Dodge Ram? (FAQ)
• Who Has Cheap Oklahoma City Car Insurance Rates for 4×4 Vehicles? (FAQ)
• How Much are Oklahoma City Car Insurance Quotes for a Toyota RAV4? (FAQ)
• How Much is Car Insurance for a Ford Explorer in Oklahoma City? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Drivers Under 25 in Oklahoma City? (FAQ)
• Safety Features for Your New Car (State Farm)
• Car Insurance FAQ (Trusted Choice)