Cheap Insurance for a Honda CR-V in Louisiana

We always joke that when we write about auto insurance, the word affordable should never be used anywhere in the article to describe car insurance rates. It’s a simple fact that cheap auto insurance for a Honda CR-V is pretty hard to find. Don’t let that ruin your day, because we will show you how you can get auto insurance that fits into your budget.

The odds of finding affordable auto insurance for a Honda CR-V in Louisiana depends on lots of different factors such as how long your commute is, your current insurance company, and if your driving record is clean. Louisiana drivers will pay around $1,210 every 12 months for CR-V insurance, but that figure is a valuation assuming a 40-year-old single female that wants full comprehensive and collision coverage and $500 deductibles.

There is a good possibility you’re not a 40-year-old female, possibly married instead of single, or maybe your Louisiana zip code is rated higher than the example. Auto insurance requires individual risk assessment, so the most reliable way to find affordable rates for your Honda is to quote often and with as many companies as possible.

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The specific trim level has an effect on the coverage cost, so the rate you will pay to insure a CR-V LX 2WD trim level will be $36 less than the insurance cost for the fancier CR-V EX-L 4WD trim level, as shown in the chart below.

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate information does not factor in specific Louisiana garaging location which can impact premium rates greatly.

Selecting a good quality company can be rather challenging considering how many choices you have in Louisiana. The information shown below may help you choose which coverage providers to look at shopping your coverage with.

The ratings below include companies with a national presence, so companies that may only write in Louisiana are not included in these rankings. To view rates from the insurers below and more, click here.

Tickets and at-fault accidents raise rates

The recommended way to enjoy cheap insurance for a Honda CR-V in Louisiana is to drive cautiously and have a clean driving record. The information below shows how violations and accident claims raise insurance rates for each different age group. The data is based on a single male driver, full coverage, $500 deductibles, and no discounts are factored in.

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In the previous example, the average cost of auto insurance per year with a clean driving record and no accidents is $2,228. Factor in one speeding ticket and the average cost surges to $2,511, an increase of $283 each year. Now get two accidents along with the one speeding ticket and the yearly cost of insurance for a Honda CR-V increases to an average of $5,030. That’s an increase of $2,802, or $234 per month, just for not maintaining a clean driving record!

The example below demonstrates how deductible levels can affect insurance prices when quoting cheap insurance for a Honda CR-V. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4637,4227,3773,3347],[‘Age 30’, 2439,2243,2011,1785],[‘Age 40’, 2405,2199,1959,1729],[‘Age 50’, 2183,1999,1785,1583],[‘Age 60’, 2107,1929,1727,1533],[‘Age 70’, 2539,2339,2113,1899]]);var options = {title: ‘Deductibles and Honda CR-V Insurance Rates in Louisiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could pocket $398 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $600 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, could roll back prices $1,290 every year by using higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it is necessary to have spare funds to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

How to find cheap insurance for a Honda CR-V in Louisiana

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving ideas that can help you locate more affordable car insurance.

• Raise deductibles to save money
• Avoid accidents and claims
• Be a cautious driver
• Drive a car with a high safety rating
• Assess whether full coverage is needed
• Higher credit scores can equal lower rates
• Compare rates regularly and switch companies to save money

The final tip is particularly critical, as was emphasized in the article above. Prices charged by car insurance companies in Louisiana can change significantly in a year, so drivers shouldn’t be reluctant to change insurance companies if a lower price can be found. Having a favorite company is great, but we do not recommend it if that loyalty ends up costing several hundred dollars every year. In just a few minutes you could shop around and find cheaper auto insurance for a Honda CR-V.

Who has the cheapest Honda CR-V insurance quotes?

Thanks to the internet, there are a lot of ways to quote insurance rates in Louisiana, but the three most common ways are using an exclusive agency like Allstate or State Farm, an independent insurance agent, or direct from companies such as Geico or Progressive.

Each way is similar, but it’s important to understand the differences in how they provide price quotes.

Independent agents are appointed by several companies and can compare coverage rates with every one. These types of agents are not limited to a single company and can provide you with more rate quotes, which may give you a better chance of saving money. If a cheaper rate is found, an independent agent can move your coverage which prevents you from having to switch agents.

Exclusive agencies are only able to give prices for just one company, a couple examples are State Farm and Allstate agents. These guys and gals cannot provide rate quotes from other companies, so if their prices are high, they cannot shop around.

The final way is buying direct, which means you bypass an exlusive or independent agent and instead shop from a direct company like Esurance. This option may be a decent choice consumers who have limited assets and have an above average understanding of what specific coverages and deductibles they need.

So which method is best to find cheap insurance for a Honda CR-V in Louisiana? The majority of people assume that buying from a direct company yields the cheapest rates because there is no agent taking a commission, but unfortunately, that is not always true. And we’d like to say going through an independent agent is the best way to save because you have more choices, but again, it’s not necessarily true. In some circumstances, exclusive agents have price quotes that are the cheapest in Louisiana.

Since insurance companies use so many rating factors, the best way to find out which one is cheapest is to obtain price quotes and compare them. Set aside the time to get rate quotes from independent agents, exclusive agents, and direct companies to get a good idea who is cheapest. For a list of companies with cheap rates in Louisiana, click here to view.