Finding economical insurance for a Honda CR-V is fairly simple, but it hinges on a complicated formula that considers factors such as how many miles you drive each year, your residence address, and your choice of physical damage deductibles. Florida drivers will pay around $924 each year for CR-V insurance, but that cost is using a 50-year-old married male driver with full physical damage coverage and $250 deductibles.
More likely than not, you are not 50 years old and maybe not even male, possibly single instead of married, and you want different coverage limits than the example. Having just a slight change in the rating criteria used to formulate rates can result in a massive change in policy price.
Everyone has unique insurance needs, and this illustrates why the best way to find the cheapest rates for your Honda is to compare as many rates as you can.
Compare Honda CR-V Insurance Rates
The trim level of your vehicle has an effect on the coverage cost, so the price you pay to insure a CR-V LX 2WD will be $32 cheaper than the cost to insure the more well-appointed CR-V EX-L 4WD model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $220 | $380 | $340 | $20 | $102 | $1,062 | $89 |
| CR-V EX 2WD | $220 | $380 | $340 | $20 | $102 | $1,062 | $89 |
| CR-V LX 4WD | $220 | $380 | $340 | $20 | $102 | $1,062 | $89 |
| CR-V EX 4WD | $252 | $380 | $340 | $20 | $102 | $1,094 | $91 |
| CR-V EX-L 2WD | $252 | $380 | $340 | $20 | $102 | $1,094 | $91 |
| CR-V EX-L 4WD | $252 | $380 | $340 | $20 | $102 | $1,094 | $91 |
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in Orlando location which can affect price quotes significantly.
Locating low-priced car insurance is easier said than done, and determining which companies offer the best car insurance rates for a Honda CR-V calls for a little more work. Each insurance company uses a slightly different approach to determine rates, so to begin we’ll rank the car insurance companies that tend to have lower prices in Florida.
It’s a good idea to be aware that Florida car insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Improving your financial situation, buying a different vehicle, or getting into an accident can produce rate changes that can make some companies more affordable than the competition.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,945 |
| 6 | Mercury | $1,973 |
| 7 | Allied | $1,985 |
| 8 | Esurance | $2,102 |
| 9 | Auto-Owners | $2,107 |
| 10 | GEICO | $2,108 |
| 11 | State Farm | $2,131 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | Safeco | $2,898 |
| 16 | MetLife | $2,900 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,562 |
| 20 | Infinity | $4,045 |
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USAA has some of the cheapest car insurance rates in Orlando at around $977 each year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Orlando, FL car insurance companies.
In this example, if you are currently insured with Electric and switched to USAA, you might realize annual savings of upwards of $717. Drivers with Amica could save as much as $717 a year, and Progressive insureds might reduce rates by $798 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or visit any of the companies below.
Remember that these policy prices are averages across all ages of drivers and types of vehicles and are not factoring in an exact vehicle garaging location for a Honda CR-V. So the car insurance company that can offer you the lowest price may not even be in the top 21 companies in the list above. That affirms the importance of why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
Reckless driving habits raise car insurance rates
The easiest method to enjoy the most affordable car insurance rates for a CR-V is to drive safe and avoid traffic citations and accidents. The illustration below demonstrates how traffic citations and at-fault accidents raise insurance costs for each different age group. The information is based on a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.
In the prior example, the average cost of a car insurance policy in Florida per year with a clean driving record and no accidents is $1,868. Get written up for one speeding ticket and the average cost jumps to $2,143, an increase of $275 each year. Now get one accident along with the one speeding ticket and the yearly cost of car insurance for a Honda CR-V goes up to an average of $2,917. That’s an increase of $1,049, or $87 per month, just for not maintaining a clean driving record!
Get discount Orlando auto insurance rates
Auto insurance companies that offer coverage for a Honda CR-V may provide rate discounts that could reduce prices by as much as 30% if you meet specific eligibility requirements. A few of the larger companies and their possible discounts are shown below.
- GEICO discounts include air bags, emergency military deployment, military active duty, anti-theft, daytime running lights, defensive driver, and driver training.
- Travelers offers discounts for early quote, student away at school, home ownership, payment discounts, IntelliDrive, and multi-car.
- Nationwide may include discounts for good student, Farm Bureau membership, accident-free, anti-theft, easy pay, multi-policy, and family plan.
- Farmers Insurance offers discounts including youthful driver, good student, electronic funds transfer, mature driver, bundle discounts, multi-car, and alternative fuel.
- Esurance may have discounts that include claim free, multi-car, Pac-12 alumni, anti-theft, homeowner, and multi-policy.
- State Farm has savings for good student, safe vehicle, anti-theft, good driver, and defensive driving training.
- Progressive may offer discounts for multi-policy, online signing, continuous coverage, multi-vehicle, online quote discount, homeowner, and good student.
- Mercury Insurance offers premium reductions for ease of repair, good student, low natural disaster claims, accident-free, and professional/association.
The example below shows the difference between car insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with multiple vehicle, marriage, multiple policy, anti-theft, claim-free, and homeowner discounts applied. With discounts applied, theamount saved on car insurance for a Honda CR-V is 28% or $659.
Here’s why you should compare rates often
Orlando car insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay. Simply having another birthday, buying a different home, or getting a driving violation can trigger rate changes that may make certain companies cheaper in comparison to the competition.
Not only may your risk profile change, but car insurance companies file new Florida car insurance rates as often as every three months as an adjustment for underwriting gains or losses. Significantly higher losses can result in more expensive premiums, while profitable underwriting may produce more affordable CR-V insurance rates.
As an example, the data below demonstrates which company has the cheapest car insurance in Orlando, FL for a 30-year-old female driver with no accidents, a clean driving record, and a high credit rating. When quoting prices based on her personal risk profile, USAA may offer the cheapest car insurance rates in Orlando at $1,203 a year. This is $1,245 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the rest of the most affordable Orlando, FL auto insurance companies.
Now let’s give the driver from the first set of rates a claim surcharge, poor credit, and a speeding citation. Since each insurance company has a different process for setting prices, comparing rates could result in a different ranking of companies as shown below.
USAA now has the lowest price on auto insurance in Orlando with Allied, State Farm, Esurance, and Auto-Owners also being competitive. This example demonstrates why it is critical to compare many different companies to get cheap auto insurance quotes for a Honda CR-V. Auto insurance prices consist of many different factors and change substantially, so the cheapest company six months ago may now be priced much higher than other options.
Tips for buying budget-friendly insurance for a Honda CR-V
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help Florida drivers find low-cost coverage.
- Increase physical damage deductibles
- On older vehicles, drop full coverage
- Multi-policy discounts save money
- Safe vehicles generally have lower rates
- Claim-free policyholders usually earn a discount
- Improve your credit score
- Compare rates regularly to ensure the best deal
The last item on the list is especially necessary, as we noted in the prior information. Coverage prices can change significantly in a year, so drivers shouldn’t be resistant to change insurance companies if a more affordable price is available. Sticking with a specific company is fine, but it isn’t a good idea if that inflexibility results in costing you hundreds of dollars a year. Now is a great time to compare prices to find cheaper car insurance for a Honda CR-V in Orlando.