Compare Honda CR-V Insurance Quotes in Madison

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It's well known that auto insurance companies don't want policyholders to compare prices from other companies. Drivers who do rate comparisons are likely to move their business because the odds are good of finding discount prices. A recent survey found that drivers who shopped around every year saved $850 each year compared to other drivers who never compared other company's rates.

If finding the cheapest rates on car insurance in Madison is your objective, knowing how to shop and compare auto insurance can make it easier for you to save money.

Discount Honda CR-V insuranceIf you want to save the most money, the best way to find discount Honda CR-V insurance is to regularly compare prices from providers who sell auto insurance in Madison.

Step 1: Gain an understanding of auto insurance and the things you can control to keep rates low. Many rating factors that increase rates such as traffic violations, accidents, and a bad credit score can be rectified by improving your driving habits or financial responsibility. Continue reading for more information to help find cheaper rates and earn a bigger discount.

Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can quote prices for many different companies.

Step 3: Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you find a better price and make a switch, make sure there is no lapse in coverage.

The key thing to know about shopping around is to use similar limits and deductibles on each price quote and and to analyze as many companies as possible. Doing this provides a fair rate comparison and a good representation of prices.

If you're already insured or are looking for a new policy, you can follow these tips to reduce premiums without reducing coverage. Finding and comparing the lowest cost coverage in Madison is simple if you know the tricks. You just need to understand the most effective way to buy car insurance online.

Affordable rates by getting discounts

Car insurance can be pricey, but you may be missing some discounts to help offset the cost. Many of these discounts will be applied automatically at the time of purchase, but occasionally some discounts must be manually applied before you will receive the discount.Car insurance discounts

  • Student Discounts - This discount can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
  • Madison Homeowners Discount - Owning a home in Madison can get you a discount due to the fact that maintaining a home requires personal responsibility.
  • Safety Restraint Discount - Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Claim-Free Discount - Madison drivers who stay claim-free have much lower rates in comparison with policyholders that have many claims.
  • Auto/Home Discount - If you can bundle your homeowners and auto insurance and insure them both with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Full Payment Discount - If you can afford to pay the entire bill as opposed to paying monthly you may reduce your total bill.
  • College Student Discount - Kids who are enrolled in a college that is more than 100 miles from Madison and don't have a car can receive lower rates.
  • Club Memberships - Affiliation with qualifying employment or professional organizations could earn you a nice discount on your policy.

A quick disclaimer, most discounts do not apply to the whole policy. Some only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, that's just not realistic.

The chart below illustrates the difference between Honda CR-V car insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Wisconsin 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 marriage, claim-free, multi-car, homeowner, safe-driver, and multi-policy discounts applied.

To see a list of companies offering car insurance discounts in Madison, click here.

Finding Honda CR-V insurance in Madison

Finding a better price on car insurance doesn't have to be difficult. Just take a couple of minutes to get quotes to see which company has affordable Honda CR-V insurance quotes.

The companies shown below can provide price quotes in Madison, WI. If you want to find the cheapest car insurance in Madison, WI, we suggest you compare several of them to get a more complete price comparison.

Honda CR-V insurance analysis

The data table displayed next covers estimates of insurance policy prices for Honda CR-V models. Having a better idea how insurance rates are calculated can assist in making informed decisions when comparing rates.

Honda CR-V Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $124 $228 $236 $14 $70 $672 $56
CR-V EX 2WD $124 $228 $236 $14 $70 $672 $56
CR-V LX 4WD $124 $228 $236 $14 $70 $672 $56
CR-V EX 4WD $142 $228 $236 $14 $70 $690 $58
CR-V EX-L 2WD $142 $228 $236 $14 $70 $690 $58
CR-V EX-L 4WD $142 $228 $236 $14 $70 $690 $58
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in garaging location in Madison which can lower or raise prices noticeably.

An analysis of deductible level

When comparing auto insurance rates, the most common question is how high should your deductibles be. The following tables can help show the rate fluctuation between low and high comp and collision deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Honda CR-V insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $172 $294 $196 $12 $58 $757 $63
CR-V EX 2WD $172 $294 $196 $12 $58 $757 $63
CR-V LX 4WD $172 $294 $196 $12 $58 $757 $63
CR-V EX 4WD $198 $294 $196 $12 $58 $783 $65
CR-V EX-L 2WD $198 $294 $196 $12 $58 $783 $65
CR-V EX-L 4WD $198 $294 $196 $12 $58 $783 $65
Get Your Own Custom Quote Go
Honda CR-V insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $96 $154 $196 $12 $58 $516 $43
CR-V EX 2WD $96 $154 $196 $12 $58 $516 $43
CR-V LX 4WD $96 $154 $196 $12 $58 $516 $43
CR-V EX 4WD $110 $154 $196 $12 $58 $530 $44
CR-V EX-L 2WD $110 $154 $196 $12 $58 $530 $44
CR-V EX-L 4WD $110 $154 $196 $12 $58 $530 $44
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in vehicle location which can increase or decrease price quotes substantially.

We can estimate from the data above that using a $100 deductible costs an average of $20 more each month or $240 each year than buying the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 45 months between claims, you would save more money going with the higher deductible.

How accidents and tickets impact rates in Madison

The example below shows how traffic citations and accident claims influence Honda CR-V car insurance rates for each age group. The premium estimates are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Full coverage or liability only

The illustration below shows the difference between Honda CR-V insurance premiums when comparing full coverage to liability only. The costs are based on no violations or claims, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop comprehensive and collision coverage

There is no definitive rule to delete physical damage coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let's assume your Honda CR-V replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after paying your deductible. If you are paying over $800 a year to have full coverage, then it could be time to drop full coverage.

There are some cases where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

When to have guidance from an insurance agent

A small number of people still like to have an agent's advice and that is not a bad decision Most agents can help you choose the best coverages and help in the event of a claim. A nice benefit of comparing rates online is you can get better rates and still buy from a local agent.

Insurance agents in MadisonTo find an agent, once you fill out this simple form, the quote information gets sent to local insurance agents who can give free rate quotes for your insurance coverage. You won't even need to search for an agent as quotes are delivered directly to your email. If you need to quote rates from a particular provider, you would need to search and find their rate quote page and fill out the quote form the provide.

Picking the best insurance company requires you to look at more than just a cheap price quote. Below are some questions you should ask.

  • Do they get extra compensation for selling add-on coverages?
  • How many companies do they write for?
  • Is there any savings for paying the full premium?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • If you raise deductibles, how much can you save?
  • Can glass claims be handled at your home?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?

Upon receiving answers to your satisfaction for all questions you ask as well as low cost Honda CR-V insurance quotes, you may have found an insurer that will service your policy. Just keep in mind you have the power to cancel a policy when you choose so don't feel you're contractually obligated to the insurance policy with no way to switch.

Best auto insurance in Wisconsin

Finding the highest-rated insurance provider can be difficult considering how many companies there are to choose from in Madison. The information below may help you pick which auto insurers you want to consider when shopping your coverage around.

Top 10 Madison Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 92%
  2. Erie Insurance - 88%
  3. American Family - 88%
  4. State Farm - 88%
  5. Nationwide - 88%
  6. 21st Century - 88%
  7. AAA Insurance - 87%
  8. Liberty Mutual - 87%
  9. Farmers Insurance - 87%
  10. The Hartford - 87%

Lower rates by being persistent

Drivers switch companies for many reasons like delays in paying claims, not issuing a premium refund, being labeled a high risk driver and extreme rates for teen drivers. Regardless of your reason, choosing a new company is actually quite simple.

When buying insurance coverage, it's very important that you do not buy less coverage just to save a little money. There are many occasions where someone sacrificed liability coverage limits only to discover later they didn't purchase enough coverage. The aim is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Throughout this article, we presented quite a bit of information on how to lower your Honda CR-V insurance car insurance rates in Madison. The most important thing to understand is the more providers you compare, the better chance you'll have of finding low cost Madison auto insurance quotes. Consumers may even find the biggest savings come from some of the lesser-known companies.

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