Find Cheaper Honda CR-V Insurance in Dallas

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It's an obvious conclusion that auto insurance companies want to keep you from comparing rates. People who compare rates at least once a year are likely to buy a different policy because they have a good chance of finding more affordable rates. A study discovered that drivers who made a habit of comparing rates saved about $865 annually as compared to drivers who never shopped around for better prices.

If finding budget-friendly Honda CR-V insurance in Dallas is your ultimate target, then learning about how to get free comparison quotes and analyze auto insurance can help simplify the process.

Insurance for Honda CR-VIf you want to save the most money, the best way to find cheaper prices for auto insurance rates is to make a habit of regularly comparing prices from companies that sell auto insurance in Dallas.

First, spend some time learning about coverages and the factors you can control to lower rates. Many risk factors that result in higher rates like speeding tickets, accidents and an imperfect credit score can be rectified by making small lifestyle or driving habit changes. Continue reading for additional ideas to prevent high rates and find additional discounts you may qualify for.

Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple companies.

Third, compare the new quotes to your current policy to see if a cheaper price is available in Dallas. If you find better rates and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, notify your company or agent to cancel your current auto insurance policy and submit a completed policy application and payment for your new coverage. Once coverage is bound, store the proof of insurance certificate somewhere easily accessible.

A good tip to remember is to compare the same coverage limits and deductibles on every price quote and and to compare as many different companies as possible. Doing this provides a level playing field and a thorough selection of prices.

If you have insurance now, you will most likely be able to find better prices using the techniques presented in this article. This article's intent is to tell you the most effective ways to compare rates. But Texas drivers can benefit by having an understanding of how insurance companies sell online and use it to your advantage.

Many insurance companies provide coverage price quotes directly from their websites. Getting quotes for Honda CR-V insurance in Dallas doesn't take a lot of time as you simply enter your required coverages into the quote form. After the form is submitted, their quoting system obtains your driving and credit reports and returns pricing information based on these factors.

Being able to quote online for Honda CR-V insurance in Dallas makes it easy to compare insurance prices and it is imperative to have as many quotes as possible if you want to get a better rate.

To quickly find out how much you can save on auto insurance, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you input the coverages as close as possible to your current policy. This ensures you are getting rate comparison quotes using the exact same coverages.

The providers in the list below are ready to provide quotes in Dallas, TX. If more than one company is shown, we recommend you visit as many as you can to get the most affordable price.

Rates and detailed analysis

The price information shown below showcases different insurance prices for Honda CR-V models. Having insight into how insurance rates are calculated is important for making decisions when shopping your coverage around.

Honda CR-V Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $286 $486 $324 $20 $96 $1,212 $101
CR-V EX 2WD $286 $486 $324 $20 $96 $1,212 $101
CR-V LX 4WD $286 $486 $324 $20 $96 $1,212 $101
CR-V EX 4WD $328 $486 $324 $20 $96 $1,254 $105
CR-V EX-L 2WD $328 $486 $324 $20 $96 $1,254 $105
CR-V EX-L 4WD $328 $486 $324 $20 $96 $1,254 $105
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific zip code location which can modify premium rates significantly.

Deductible comparison

When buying insurance, a common question is at what level do you set your deductibles. The comparison tables below may aid in understanding the differences in price of buying low and high physical damage deductibles. The first price estimate table uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Honda CR-V insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $256 $408 $324 $20 $96 $1,129 $94
CR-V EX 2WD $256 $408 $324 $20 $96 $1,129 $94
CR-V LX 4WD $256 $408 $324 $20 $96 $1,129 $94
CR-V EX 4WD $294 $408 $324 $20 $96 $1,167 $97
CR-V EX-L 2WD $294 $408 $324 $20 $96 $1,167 $97
CR-V EX-L 4WD $294 $408 $324 $20 $96 $1,167 $97
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Honda CR-V insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $208 $328 $324 $20 $96 $976 $81
CR-V EX 2WD $208 $328 $324 $20 $96 $976 $81
CR-V LX 4WD $208 $328 $324 $20 $96 $976 $81
CR-V EX 4WD $240 $328 $324 $20 $96 $1,008 $84
CR-V EX-L 2WD $240 $328 $324 $20 $96 $1,008 $84
CR-V EX-L 4WD $240 $328 $324 $20 $96 $1,008 $84
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Table data does not factor in vehicle garaging location which can decrease or increase price quotes greatly.

Based on the figures above, using a $250 deductible will cost you about $13 more each month or $156 a year than opting for the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 19 months between claim filings, you would come out ahead if you choose the higher deductible.

The example below shows how different deductible levels and can impact Honda CR-V insurance costs for each age group. The premiums are based on a married male driver, comp and collision included, and no other discounts are factored in.

Poor driving habits will raise your insurance rates

The information below shows how violations and accident claims can raise Honda CR-V premium costs for different age categories. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Honda CR-V liability-only versus full coverage

The chart below illustrates the comparison of Honda CR-V insurance prices when comparing full coverage to liability only. The rate quotes are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no policy discounts are applied.

When to drop comprehensive and collision

There isn't a steadfast formula to delete full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 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 Honda CR-V replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after paying the physical damage deductible. If premium cost is more than $400 annually to have full coverage, then you might consider buying liability only.

There are some situations where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should keep full coverage.

Learn How to Find Car Insurance Cheaper

Consumers need to have an understanding of the different types of things that come into play when calculating the level of your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that could help you find lower car insurance prices.

The itemized list below are some of the things used by companies to determine your rate level.

  • Your job may affect rates - Did you know your career choice can influence rates? Careers like military generals, business owners, and dentists usually pay higher average rates due to high stress levels and lengthy work days. Other careers like professors, students and the unemployed pay lower than average rates.
  • Your car's features help determine rates - Selecting a car model with an alarm system can help bring down rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • High credit rating translates to low costs - Having a bad credit history is likely to be a major factor in determining what you pay. Insureds with good credit tend to be more responsible than those with lower ratings. Therefore, if your credit history can use some improvement, you could save money insuring your Honda CR-V if you clean up your credit.
  • Multiple policies with one company - The majority of insurance companies will give better rates to buyers who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount, it's in your best interest to check prices from other companies to verify if the discount is saving money. It's possible to still save even more than the discount by buying from different companies
  • Honda CR-V claim probability - Companies use past loss statistics for each vehicle to calculate a rate that offsets possible losses. Models that the data shows to have higher losses will have higher premium rates. The table below shows the historical loss data for Honda CR-V vehicles.

    For each policy coverage, the statistical loss for all vehicles as a whole is represented as 100. Percentages below 100 suggest a better than average loss history, while numbers above 100 indicate more frequent claims or an increased chance of a larger loss.

    Car Insurance Loss Data for Honda CR-V Models
    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

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

It may be expensive, but it's not optional

Despite the potentially high cost of Honda CR-V insurance, maintaining insurance may be mandatory for several reasons.

  • Almost all states have compulsory liability insurance requirements which means you are required to buy specific limits of liability insurance if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your vehicle, it's most likely the lender will stipulate that you have insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Honda at an extremely high rate and force you to pay for the expensive policy.
  • Car insurance protects not only your car but also your financial assets. Insurance will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly when you have a large claim. But the average driver in Texas is currently overpaying as much as $810 a year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.