Buying economical car insurance for a Honda CR-V in Wisconsin hinges on a whole bunch of rating criteria such as annual miles driven, your residence address, and if you have a history of accidents. Wisconsin drivers will pay on average $587 per year for CR-V insurance, but that price is an estimation calculated based on a 50-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.
There’s a high likelihood you are not 50 and maybe not even a female, you might be married instead of single, or maybe you don’t qualify for the same discounts. Just a very minor change in rating criteria can make a large difference in policy price.
Each driver’s needs are different, and that demonstrates why the only real way to find cheap insurance prices for your Honda is to do a thorough rate comparison.
Vehicle trim level will most likely have an effect on price, so the rate you will pay to insure a CR-V LX 2WD will be $18 less expensive the price to insure the higher-end CR-V EX-L 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$134||$242||$220||$14||$66||$676||$56|
|CR-V EX 2WD||$134||$242||$220||$14||$66||$676||$56|
|CR-V LX 4WD||$134||$242||$220||$14||$66||$676||$56|
|CR-V EX 4WD||$152||$242||$220||$14||$66||$694||$58|
|CR-V EX-L 2WD||$152||$242||$220||$14||$66||$694||$58|
|CR-V EX-L 4WD||$152||$242||$220||$14||$66||$694||$58|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific zip code location which can lower or raise prices greatly.
Best car insurance company in Madison
Picking a highly-rated car insurance company can be a challenge considering how many choices drivers have in Madison. The rank data shown next may help you pick which car insurance companies to look at shopping prices with. The ratings below are for the largest auto insurers in America, so companies that have a smaller presence are not included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Get discounts on Madison car insurance rates
Insurance providers that sell policies for a Honda CR-V may also provide policy discounts that could reduce prices by 40% or more if you are eligible to receive them. Popular car insurance companies and the discounts they provide are:
- GEICO includes discounts for multi-vehicle, anti-lock brakes, membership and employees, seat belt use, emergency military deployment, and five-year accident-free.
- Auto-Owners Insurance offers premium reductions for safe vehicle, paid in full, anti-lock brakes, multi-policy, multiple vehicles, teen driver, and mature driver.
- American Family may include discounts for defensive driver, mySafetyValet, Steer into Savings, early bird, bundled insurance, and air bags.
- Esurance has savings for Pac-12 alumni, renters, anti-theft, safety device, good student, online quote, and defensive driver.
- Progressive discounts include homeowner, multi-policy, online signing, online quote discount, good student, and multi-vehicle.
- State Farm has discounts for anti-theft, defensive driving training, passive restraint, driver’s education, Drive Safe & Save, multiple policy, and good driver.
- AAA may offer discounts for multi-car, education and occupation, good driver, good student, pay-in-full, AAA membership discount, and anti-theft.
The diagram below compares insurance costs with and without some available policy discounts. The premiums are based on a female driver, no accidents or driving violations, Wisconsin state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, safe-driver, marriage, anti-theft, defensive driving course, and multiple policy discounts applied. In this example, the average savings per year on car insurance for a Honda CR-V is 27% or $351.
Should you buy full coverage?
Saving money on car insurance is the goal of most drivers, and an easy way to pay less for insurance for a Honda CR-V is to buy only liability coverage. The example below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. The information is based on no claims or driving citations, $1,000 deductibles, single status, and no discounts are applied.
As an average, comprehensive and collision coverage on your policy costs $974 per year more than just insuring for liability. That brings up the question if buying full coverage is worth the expense. There is no set guideline to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
How to find more affordable insurance for a Honda CR-V
Here are some of the better money-saving ideas that can help Madison drivers get cheaper auto insurance.
- Do not get traffic citations
- Full coverage is expensive so only insure older vehicles for liability only
- Claim-free policyholders usually earn a discount
- Drive safe vehicles
- Bundle home and auto and earn a discount
- Being accident-free can lower rates significantly
- Compare prices frequently to find the best deal
The final tip is certainly critical, as we hit on in the prior article. Car insurance rates adjust frequently, so you should be ready to buy from a different company if a better deal can be had.
Having brand loyalty is commendable, but it’s not a great idea if that stubbornness costs you money that could be used for better things. Take a few minutes and compare rates and find cheaper auto insurance for a Honda CR-V in Madison.
If you aren’t sure which coverage you need and prefer to get help from a professional when shopping for cheaper insurance for a Honda CR-V, the agents below can help you make a decision which policy fits your needs best. To locate a Madison car insurance agency close to you, click the button at the bottom of the list.
1310 Mendota St # 108 – Madison, WI 53714 – (608) 241-4136
Spectrum Insurance Group – Madison
525 Junction Rd #8505 – Madison, WI 53717 – (608) 204-7055
525 Junction Rd #2000 – Madison, WI 53717 – (608) 203-3880