Cheapest Insurance Quotes for a Honda CR-V in Arkansas

We always joke that when we write about car insurance, the word “cheap” should not appear anywhere in the article. Forgive the oxymoron, but cheap car insurance for a Honda CR-V is almost non-existent. Don’t let that ruin your day, because we are going to tell you how you can still find auto insurance that is more budget-friendly.

Your chances of buying cheaper auto insurance for a Honda CR-V in Arkansas is contingent on a large number of rating criteria such as how experienced of a driver you are, if you are currently insured, and physical damage deductibles. Arkansas drivers pay around $820 per year to insure a Honda CR-V, but that price is a ballpark figure based on rates for a 40-year-old married male driver who requires full coverage and $250 physical damage deductibles.

If we were betting, you aren’t exactly 40 years old or even a male, single instead of married, or maybe your driving record isn’t squeaky clean. This illustrates why your best chance at finding cheap insurance prices for your Honda is to shop your policy around at every renewal. Quotes are free and you will receive prices from top-rated companies available.

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The trim level of your vehicle can impact the cost of coverage, so the price you will be charged to insure a CR-V LX 2WD trim level will be $30 less expensive the cost to insure the high end CR-V EX-L 4WD version, as shown in the chart below.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Arkansas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific zip code location which can revise coverage prices substantially.

Locating cost effective insurance is not most people’s favorite thing to do, and finding out which companies have the best auto insurance rates for a Honda CR-V calls for even more perseverance. Each auto insurer has their own guidelines for setting rates, so let’s begin by examining the auto insurance companies that tend to have lower prices in Arkansas.

Best Auto Insurance Prices for Your Honda

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USAA may offer some of the cheapest car insurance rates in Arkansas at around $981 per year. Auto Club, Travelers, Southern Farm Bureau, and Columbia Insurance also are some of the cheaper Arkansas insurance companies.

In this example, if you are currently insured with Southern Farm Bureau and switched to USAA, you might achieve an annual savings of in the vicinity of $208. Arkansas drivers with Columbia Insurance may save as much as $278 a year, and State Farm policyholders might cut rates by $280 a year.

It’s important to note that these policy prices are averages across all ages of drivers and types of vehicles and do not take into consideration a specific rate factor for a Honda CR-V. So the insurer that can offer you the best rate may not even be included in the above rate chart. That underscores the importance of why you need to compare prices as often as possible using your own individual information.

The example below highlights how deductible choice can increase or decrease yearly insurance costs when researching cheap insurance for a Honda CR-V. The data assumes a single male driver, full coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3391,3093,2763,2449],[‘Age 30’, 1789,1645,1475,1311],[‘Age 40’, 1761,1611,1435,1267],[‘Age 50’, 1603,1469,1313,1165],[‘Age 60’, 1543,1413,1265,1123],[‘Age 70’, 1859,1715,1549,1395]]);var options = {title: ‘Effect of Higher Deductibles on Honda CR-V Insurance Rates in Arkansas’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V’,minValue: 0,format: ‘$###,###’},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);}

A 40-year-old driver could cut expenses by $290 a year by switching from a $100 deductible to a $500 deductible, or save $438 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could potentially save up to $942 annually just by choosing larger deductibles.

When using a larger deductible, it is important to have plenty of money set aside to pay the extra out-of-pocket expense that comes with higher deductibles.

Poor driving habits will raise your auto insurance rates

The obvious way to get the most affordable auto insurance prices for a CR-V is to be an attentive driver and avoid accidents and traffic citations. The information below demonstrates how traffic citations and at-fault accidents can raise auto insurance costs for different age groups. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2449,2909,4797],[‘Age 30’, 1311,1769,3655],[‘Age 40’, 1267,1727,3613],[‘Age 50’, 1165,1621,3505],[‘Age 60’, 1123,1583,3469],[‘Age 70’, 1395,1853,3737]]);var options = {title: ‘Violations, Accidents, and Arkansas Honda CR-V Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V in Arkansas’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of an auto insurance policy in Arkansas per year with a clean driving record and no accidents is $1,452. Factor in two speeding tickets and the average cost rises to $1,910, an increase of $459 each year. Then add in two accidents along with the two speeding tickets and the annual cost of auto insurance for a Honda CR-V jumps again to an average of $3,796. That’s an increase of $2,344, or $195 per month, just for not paying attention while driving!

State Farm, Geico, Progressive, or Allstate: Which is best?

If you want reliable auto insurance, four companies to consider are State Farm, Geico, Progressive, and Allstate. When combined, they have over 48% of the entire U.S. auto insurance market. All four offer physical damage and liability coverage, but each has different features and discounts that may influence your choice. The following table illustrates some of the different options that may be available in Arkansas.