Save Money on Honda CR-V Insurance in Arlington

It’s easy to assume that auto insurance companies don’t want you comparing rates. People who rate shop once a year will probably buy a different policy because there is a good chance of finding good coverage at a lower price. A study discovered that drivers who compared rates annually saved as much as $865 annually compared to policyholders who never compared prices.

If finding discount rates on Honda CR-V insurance in Arlington is your ultimate goal, knowing how to get free comparison quotes and analyze car insurance can make it easier to shop your coverage around.

Insurance rates Honda CR-V in ArlingtonIf you want to find the absolute lowest rates, then the best way to find cheaper quotes for auto insurance rates in Arlington is to start comparing rates regularly from insurance carriers who provide auto insurance in Texas.

  1. Try to understand how companies price auto insurance and the steps you can take to drop your rates. Many factors that cause high rates such as accidents, careless driving, and a less-than-favorable credit rating can be rectified by being financially responsible and driving safely. Later in this article we will cover tips to help keep prices low and find additional discounts.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes from multiple insurance companies. Select a company
  3. Compare the quotes to the price on your current policy and see if you can save money. If you find better rates and change companies, verify that coverage does not lapse between policies.

One piece of advice is to make sure you enter identical limits and deductibles on each quote and and to get rate quotes from as many companies as you can. Doing this ensures an apples-to-apples comparison and the best price quote selection.

If you have a policy now or just want cheaper coverage, use these money-saving tips to reduce the price you pay while maintaining coverages. Quoting and comparing rates for the lowest-priced insurance in Arlington is not as difficult as people think. Smart buyers only need an understanding of the least time-consuming way to shop their coverage around on the web.

Lowering your Honda CR-V car insurance rates is pretty simple and can save money. All you need to do is take a few minutes to get quotes from online providers.

The companies shown below are ready to provide free quotes in Arlington, TX. If multiple companies are listed, we recommend you click on several of them to get a more complete price comparison.

Auto insurance policy discounts you can’t miss

The price of auto insurance can be rather high, but you might find some hidden discounts that many consumers don’t even know exist. A few discounts will be applied at the time of purchase, but lesser-known reductions have to be inquired about before being credited.Save money with discounts

As is typical with insurance, some of the credits will not apply to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, it’s just not the way it works. But any discount will bring down the amount you have to pay.

The example below visualizes the comparison of Honda CR-V insurance costs with and without some available policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, multi-car, claim-free, and homeowner discounts applied.

Larger auto insurance companies and a selection of discounts are included below.

Before purchasing a policy, check with every prospective company to give you their best rates. Some discounts may not apply in Arlington. For a list of providers offering auto insurance discounts in Arlington, follow this link.

Rates and statistics

The coverage table displayed next covers estimates of policy rates for Honda CR-V models. Learning as much as possible about how insurance policy rates are figured can benefit drivers when making smart choices when comparing insurance quotes.

Honda CR-V Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $180 $322 $340 $20 $102 $964 $80
CR-V EX 2WD $180 $322 $340 $20 $102 $964 $80
CR-V LX 4WD $180 $322 $340 $20 $102 $964 $80
CR-V EX 4WD $206 $322 $340 $20 $102 $990 $83
CR-V EX-L 2WD $206 $322 $340 $20 $102 $990 $83
CR-V EX-L 4WD $206 $322 $340 $20 $102 $990 $83
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in specific zip code location which can influence auto insurance rates significantly.

Physical damage deductibles: Should you raise them?

One common question asked by Arlington drivers is how high should the physical damage deductibles be. The rates shown below lay out how much more you’ll pay between low and high policy deductibles. The first data set uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Honda CR-V insurance premium rates 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
Get Your Own Custom Quote Go

Honda CR-V insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $158 $256 $324 $20 $96 $854 $71
CR-V EX 2WD $158 $256 $324 $20 $96 $854 $71
CR-V LX 4WD $158 $256 $324 $20 $96 $854 $71
CR-V EX 4WD $182 $256 $324 $20 $96 $878 $73
CR-V EX-L 2WD $182 $256 $324 $20 $96 $878 $73
CR-V EX-L 4WD $182 $256 $324 $20 $96 $878 $73
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium amounts do not factor in garaging location in Arlington which can affect insurance rates noticeably.

We can derive from the above data that using a $250 deductible will cost you approximately $24 more each month or $288 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 31 months between claim filings, you would probably be better off if you opt for a higher deductible.

Honda CR-V liability-only versus full coverage

The chart below shows the difference between Honda CR-V insurance premiums with full coverage and liability only. The premiums are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no exact rule that is best for determining when to drop physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s pretend your Honda CR-V replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after the deductible is paid. If premiums are more than $400 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Best car insurance company in Texas

Ending up with the highest-rated auto insurance provider can be a challenge considering how many different insurance companies sell coverage in Texas. The ranking information in the next section may help you decide which car insurance companies to look at purchasing coverage from.

Top 10 Arlington Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Top 10 Arlington Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Six Things That Influence Your Insurance Premiums

Lots of things are used in the calculation when premium rates are determined. Some are obvious such as your driving record, but other factors are more obscure such as your marital status or your financial responsibility.

Liability protection safeguards assets – The liability coverage on your policy will provide protection when you are ruled to be at fault for personal injury or accident damage. Liability insurance provides you with a defense in court to attempt to prove you were not liable. This coverage is relatively inexpensive when compared with rates for comp and collision, so drivers should carry high limits.

More performance means more cost – The performance of the vehicle you are insuring makes a big difference in your auto insurance rates. The most favorable rates are for smaller low performance passenger cars, but the cost you end up paying is determined by many additional factors.

The following chart is based on a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It compares Honda CR-V car insurance rates compared to other makes and models that have different performance risks.

Premiums are high for teenagers – Older people are more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets. Young drivers are statistically shown to be careless and easily distracted when driving and because of this, their insurance rates are much higher.

The following chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Raising coverage deductibles saves money – Insurance for physical damage to your car, also called ‘full coverage’, is used to repair damage to your Honda. Some instances where coverage would apply are a broken windshield, hitting a deer, and damage caused by flying debris. Physical damage deductibles represent how much money you are required to spend out-of-pocket if the claim is covered. The more expense you have to pay, the bigger discount you will receive.

Do you really need roadside assistance? – Policies have extra add-on coverages that sound like a good idea at the time on your insurance policy. Coverages like personal injury protection, accident forgiveness, and membership fees may be costing you every month. These coverages may sound good initially, but now you might not need them so eliminate them to save money.

Do females or males drive better? – The statistics show females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Women and men are responsible for fender benders in similar percentages, but the males tend to have higher claims. Men also tend to receive more major tickets like DWI (DUI) or reckless driving. Teenage male drivers are most likely to cause an accident and thus pay the highest rates.

The illustration below shows the difference between Honda CR-V auto insurance costs for male and female drivers. The prices are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no policy discounts are applied.

Honda CR-V insurance loss data – Car insurance companies factor in historical loss data when determining insurance rates. Vehicles that are shown to have higher loss trends will be charged more to insure.

The table below demonstrates the insurance loss data for Honda CR-V vehicles. For each coverage category, the loss probability for all vehicles, regardless of make or model, is represented as 100. Numbers that are below 100 imply a favorable loss record, while values that are above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

Car Insurance Loss Data for Honda CR-V Models
Vehicle 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

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