Cheap Insurance Quotes for a Honda CR-V in New Jersey

The likelihood of finding the cheapest insurance for a Honda CR-V in New Jersey is dependent upon a complicated rating formula that uses factors like whether you use your CR-V for business use, your credit rating, and your choice of deductibles. Drivers pay an average rate of $1,070 annually to insure a CR-V, but that cost is a valuation using rating data for a 30-year-old married female who requires full coverage and $500 physical damage deductibles.

This brings up the issue that more than likely you may not be 30 years old (or even female), possibly single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Making even small differences in policy rating data can lead to a significant difference in the rate quoted for a Honda CR-V.

This demonstrates why the best method for finding the most affordable coverage for your Honda is to comparison shop your policy at each renewal.

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Your Honda’s trim level can impact the yearly cost, so the cost to insure a CR-V LX 2WD model will be $36 cheaper than the cost to insure the fancier CR-V EX-L 4WD model, as demonstrated by the prices below.

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in New Jersey which can influence price quotes substantially.

Determining which companies quote the cheapest car insurance rates for a Honda CR-V will take a bit more work than just picking a company at random. Every auto insurer has their own unique process to determine premium rates, so we’ll go over the car insurance companies that tend to have lower prices in New Jersey.

It’s important that readers know that New Jersey car insurance rates are impacted by many things that may substantially change the price you pay. Simply having another birthday, having a teen driver, or having an at-fault accident may prompt premium changes that can make some companies cheaper than competitors.

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21st Century offers some of the best car insurance rates in New Jersey at around $1,111 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National are also some of the more affordable New Jersey car insurance companies.

As shown above, if you currently have a policy with Travelers and switched to 21st Century, you might realize an annual savings of approxmiately $69. Drivers with New Jersey Manufacturers may save as much as $199 a year, and Palisades customers might lower prices by $243 a year.

It’s important to note that these rates are averages across all drivers and vehicles and do not take into consideration a specific rate factor for a Honda CR-V. So the company that fits your situation best may not even be included in the rate chart shown above. That affirms the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.

Discounts on cheap insurance for a Honda CR-V in New Jersey

Insurance providers that provide policies for a Honda CR-V may also provide rate discounts that may potentially lower prices by 30% or more if you qualify for them. Companies and some of the discounts include:

• Travelers offers discounts including student away at school, home ownership, multi-car, new car, and payment discounts.
• 21st Century may include discounts for good student, driver training, anti-lock brakes, air bags, defensive driver, and theft prevention.
• State Farm policyholders can earn discounts including safe vehicle, Steer Clear safe driver discount, anti-theft, multiple autos, accident-free, and passive restraint.
• GEICO may offer discounts for daytime running lights, military active duty, five-year accident-free, multi-vehicle, membership and employees, and seat belt use.
• SAFECO offers discounts for multi-car, safe driver, teen safety rewards, drive less, bundle discounts, accident prevention training, and homeowner.
• AAA may have discounts that include good student, multi-policy, AAA membership discount, education and occupation, good driver, and multi-car.

The illustration below shows the difference between insurance rates with and without policy discounts. The premiums are based on a male driver, no accidents, no driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with safe-driver, multiple policy, claim-free, defensive driving course, passive restraint, and anti-theft discounts applied. When these discounts are applied, the average savings per year on car insurance for a Honda CR-V is 28% or $760.

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Progressive, Allstate, Geico, and State Farm compared

When shopping for insurance for a CR-V, the first places to look would be Progressive, Allstate, Geico, and State Farm. If you combine them together, they insure almost half of all car insurance policies in America. Each one has a slightly different set of options and discounts that may influence which company you choose. The data below illustrates ratings for price, service, and claims, in additional to some of the optional coverages you can buy with each company.

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

Lowering your rates is not difficult, and here are a few money-saving solutions that can help drivers locate cheaper coverage.

• Higher credit scores can equal lower rates
• Pay for small claims rather than turning them in to your insurance company
• Being accident-free can lower rates significantly
• Drive vehicles with five-star safety ratings
• Keep your driving record clean
• Shop around for lower rates once a year

That last tip is incredibly significant, as we emphasized in the article above. Prices charged by auto insurers in New Jersey go up and down frequently, so drivers shouldn’t hesitate to buy from a new company if a lower-cost policy is available.

Staying with the same company for years is fine, but it’s not a great idea if that loyalty results in overpaying thousands of dollars over several years. Take a few minutes and shop around and find cheaper insurance for a Honda CR-V.

Cheap Honda CR-V insurance quotes

There are quite a few ways to buy car insurance in New Jersey, but the most frequently used are through a captive (or exclusive) agent such as Allstate or Liberty Mutual, an independent insurance agent, or buying direct from a company like Geico or Progressive.

You can use whichever method you prefer, but it’s good to know the differences in how they function.

Independent insurance agencies can place your business with multiple companies and can quote your policy with each one. These types of agencies do not write with just one company and can provide you with more rate quotes, which can help you get the best shot at cutting your rates. If prices rise, your policy is moved internally which requires no work on your part.

A captive, or exclusive, agent is ‘exlusive’ to a single insurance company, two examples are Liberty Mutual and Allstate agents. Exclusive agents generally are unable to provide a range of price quotes, so if their pricing is high, there is no alternative.

When you buy car insurance direct, you skip an exlusive or independent agent and instead buy buying direct from a company like Geico or Progressive. This car insurance option may be a decent choice drivers who do not need advice for asset protection and have knowledge of the limitations of their policy.

So which one of the three ways works best to buy cheap insurance for a Honda CR-V in New Jersey? The majority of car insurance shoppers assume that buying direct results in the cheapest rates because you bypass the middleman, but unfortunately, that is not the case. We’d also like to say buying from an independent agent results in the cheapest rates because they can quote many companies, but that assumption is also not necessarily accurate. And sometimes, exclusive agencies have really good rates that are the lowest in New Jersey.

Since car insurance prices are based on many different factors, really the best method to buy the cheapest policy is to compare lots of quotes. We highly recommend getting rate quotes from all three to have a good selection of rates to choose from. To see some of the cheapest online companies available, click here to view.