Compare Honda CR-V Insurance Quotes in Charlotte

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If you want to find the absolute lowest rates, then the best way to get discount auto insurance rates in Charlotte is to do a yearly price comparison from providers who provide car insurance in North Carolina. Rates can be compared by following these guidelines.

  1. Spend some time learning about how companies price auto insurance and the modifications you can make to prevent high rates. Many rating factors that result in higher rates like traffic violations and poor credit can be amended by making minor changes to your lifestyle.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can quote rates from multiple insurance companies. Compare rates now
  3. Compare the new quotes to your existing rates and determine if there is any savings. If you find a lower rate quote and buy the policy, make sure there is no lapse in coverage.
  4. Provide proper notification to your current company of your decision to cancel your current policy. Submit a completed policy application and payment to your new carrier. Immediately upon receiving it, put the proof of insurance paperwork in an easily accessible location.

One tip to remember is to try to use the same level of coverage on every quote and and to get price estimates from as many carriers as you can. Doing this ensures a level playing field and the best price quote selection.

Insurance for Honda CR-VIt's an obvious assumption that auto insurance companies don't want their policyholders to compare prices. People who shop around for the cheapest rate are inclined to switch companies because there is a good chance of finding a cheaper policy. A recent survey revealed that drivers who compared rates annually saved over $865 a year compared to drivers who never compared other company's rates.

If finding discount rates on Honda CR-V insurance is why you're reading this, then learning about the best ways to find and compare insurance coverage can make shopping around easier.

If you are insured now, you should be able to buy cheaper auto insurance using the ideas covered in this article. Comparison shopping for the best auto insurance policy in Charlotte can be fairly easy. But North Carolina consumers must understand how big insurance companies determine premium rates because it can help you find the best coverage.

When comparing auto insurance rates, know that comparing more quotes helps improve the odds of finding a lower rate. Some companies don't provide Charlotte CR-V insurance quotes online, so you should also compare quotes from them, too.

The auto insurance companies shown below have been selected to offer free quotes in Charlotte, NC. To find the best cheap car insurance in Charlotte, it's a good idea that you get price quotes from several of them in order to get a fair rate comparison.

Auto insurance analysis for a Honda CR-V

The information shown below outlines estimates of coverage prices for Honda CR-V models. Being aware of how premiums are determined can benefit drivers when making smart policy decisions.

Honda CR-V Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $114 $206 $286 $16 $86 $708 $59
CR-V EX 2WD $114 $206 $286 $16 $86 $708 $59
CR-V LX 4WD $114 $206 $286 $16 $86 $708 $59
CR-V EX 4WD $132 $206 $286 $16 $86 $726 $61
CR-V EX-L 2WD $132 $206 $286 $16 $86 $726 $61
CR-V EX-L 4WD $132 $206 $286 $16 $86 $726 $61
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in vehicle location which can influence price quotes substantially.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The comparison tables below sum up the costs and benefits between low and high insurance deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Honda CR-V insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $168 $266 $212 $12 $64 $747 $62
CR-V EX 2WD $168 $266 $212 $12 $64 $747 $62
CR-V LX 4WD $168 $266 $212 $12 $64 $747 $62
CR-V EX 4WD $192 $266 $212 $12 $64 $771 $64
CR-V EX-L 2WD $192 $266 $212 $12 $64 $771 $64
CR-V EX-L 4WD $192 $266 $212 $12 $64 $771 $64
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 $104 $168 $212 $12 $64 $560 $47
CR-V EX 2WD $104 $168 $212 $12 $64 $560 $47
CR-V LX 4WD $104 $168 $212 $12 $64 $560 $47
CR-V EX 4WD $118 $168 $212 $12 $64 $574 $48
CR-V EX-L 2WD $118 $168 $212 $12 $64 $574 $48
CR-V EX-L 4WD $118 $168 $212 $12 $64 $574 $48
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in specific location information which can revise insurance rates substantially.

Based on these figures, using a $250 deductible will cost you approximately $15 more each month or $180 for a full year across all Honda CR-V models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 50 months between claims, you would probably be better off by going with a higher deductible.

Honda CR-V insurance premiums by gender and age

The information below compares Honda CR-V insurance costs for male and female drivers. The rates are based on no violations or claims, full coverage, $100 deductibles, single marital status, and no discounts are applied.

Three good reasons to insure your vehicle

Even though it's not necessarily cheap to insure a Honda in Charlotte, insurance is mandatory in North Carolina but it also protects more than you think.

  • The majority of states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance if you want to drive legally. In North Carolina 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, most banks will require you to have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Honda at an extremely high rate and require you to pay for the expensive policy.
  • Insurance protects both your car and your personal assets. It will also pay for medical bills incurred in an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of insuring your CR-V more than cancel out the cost, especially with large liability claims. Despite what companies tell you, the average driver is currently overpaying as much as $869 every year so you should quote rates once a year at a minimum to ensure rates are inline.

How Insurance Providers Calculate Honda CR-V Insurance Costs

Lots of factors are used when quoting car insurance. Most are fairly basic such as your driving record, although others are less obvious like your vehicle usage or your financial responsibility.

The itemized list below are just a few of the factors used by insurance companies to determine rates.

Your stress level may be raising your premiums - Occupations like lawyers, social workers, and stock brokers tend to pay the highest rates because of high stress levels and lots of time spent at work. Other careers like professors, historians and the unemployed pay the least.

Poor credit can mean higher prices - A driver's credit rating is a big factor in your rate calculation. If your credit score is lower than you'd like, you could be paying less to insure your Honda CR-V by improving your credit score. People that have high credit scores tend to be less risk to insure than drivers with poor credit.

Vehicle risk impacts prices - The performance level of the car you drive makes a big difference in your car insurance bill. The lowest premiums are generally reserved for economy passenger models, but the cost you end up paying is determined by many additional factors.

The next chart is based on a married female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It illustrates Honda CR-V insurance rates compared to other models that have a range of performance risks.

Where do you drive? - The higher the miles on your Honda every year the more you'll pay to insure it. The majority of insurers apply a rate based upon how much you drive. Cars not used for work or commuting qualify for better rates than those that get driven frequently. An incorrectly rated CR-V may be costing you higher rates. Make sure your car insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money.

Deter theft and pay less - Selecting a car model that has a built-in theft deterrent system can earn a premium discount. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your car from being stolen.

Youthful drivers pay more - Beginning drivers in North Carolina are known to be easily distracted behind the wheel and because of this, their car insurance rates are much higher. Older drivers are viewed as being more responsible, tend to file fewer claims, and are safer drivers.

The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Safety first - Vehicles that have high safety ratings are cheaper to insure. Safer cars reduce occupant injuries and lower injury rates translates directly to fewer claims and cheaper rates on your policy.

Loss statistics for a Honda CR-V - Insurers use historical loss data when they file their rates in each state. Vehicles that have higher claim amounts or frequency will have higher rates.

The table below outlines the historical loss data for Honda CR-V vehicles. For each policy coverage, the loss probability for all vehicles averaged together is considered to be 100. Numbers under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 indicate higher probability of having a loss or statistically larger losses.

Honda CR-V Insurance Loss Statistics
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

It's not one size fits all

When quoting and choosing adequate coverage for your vehicles, there really is not a best way to insure your cars. Each situation is unique and your car insurance should be unique as well.Higher deductibles save money Here are some questions about coverages that might help in determining whether you might need an agent's assistance.

  • Is my babysitter covered when using my vehicle?
  • What discounts do I qualify for?
  • Am I covered while delivering pizza?
  • Are my custom wheels covered?
  • Does my Honda CR-V qualify for pleasure use?
  • What is an umbrella policy?
  • Should I buy more coverage than the required North Carolina minimum liability coverage?
  • Where can I find high-risk insurance?
  • Am I covered by my spouse's policy after a separation?
  • Will my Honda CR-V be repaired with OEM or aftermarket parts?

If you don't know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you don't have a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

Get the best coverage at the best price

As you quote Charlotte auto insurance, make sure you don't skimp on critical coverages to save a buck or two. In many instances, someone sacrificed comprehensive coverage or liability limits and discovered at claim time that they should have had better coverage. Your aim should be to buy the best coverage you can find at the lowest possible cost, but don't skip important coverages to save money.

We covered a lot of tips how to shop for Honda CR-V insurance online. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable Honda CR-V insurance quotes. Consumers could even find that the most savings is with a small local company. Some small companies often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.

More tips and info about auto insurance can be found at these sites: