Cheapest Insurance Quotes for a Honda CR-V in Michigan

Anytime the topic is car insurance, the word “cheap” should not be used anywhere to describe car insurance prices. It’s just reality that cheap auto insurance for a Honda CR-V can be hard to find. But don’t let that discourage you, because we will tell you how you can still find coverage that doesn’t cost an arm and a leg.

Your odds of finding the cheapest auto insurance for a Honda CR-V in Michigan is dependent upon a complex rating formula that takes into consideration things like how you use your vehicle, the likelihood of your vehicle being stolen, and if you had any at-fault accidents in the last few years. Drivers pay an average rate of $1,390 annually for CR-V insurance, but that figure is an estimation calculated based on a 50-year-old single female driver who requires both comprehensive and collision coverage and $1,000 policy deductibles.

The problem with using this number is the good chance you are not exactly 50 years old and possibly not even female, maybe you are married instead of single, or maybe you have a teen driver on your policy that needs to be considered. Just a minor difference in policy rating criteria or coverages could end up with a large change in the cost of insurance for a Honda CR-V.

The different assumptions illustrate why the most reliable method for finding cheap insurance rates for your Honda is to take your time and compare rates from as many companies as possible. In just a couple of minutes you will receive rate quotes from the cheapest companies in Michigan.

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The trim level of your vehicle will most likely have an effect on the coverage cost, so the price to insure a CR-V LX 2WD model will be $38 less than the insurance cost for the high end CR-V EX-L 4WD trim level, as shown in the chart below.

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can alter premium rates substantially.

Buying low-priced auto insurance is not the easiest thing to do, and deciding which companies have the cheapest insurance rates for a Honda CR-V will take a little more work. Each insurance company has a different formula for establishing rates, so we need to take a look at the insurance companies that tend to have lower prices in Michigan.

It’s important to understand that Michigan insurance rates are calculated based on many things which can significantly increase or decrease the cost of your policy. This price fluctuation is why it is so important to shop around to get the cheapest car insurance quotes for a Honda CR-V. Insurance prices can be altered by many things and can change substantially, so the best price the last time you shopped around may now be wasting a lot of money.

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USAA may offer some of the lowest car insurance rates in Michigan at around $958 per year. GEICO, Safeco, MetLife, and Chubb also make the cut as some of the cheaper Michigan auto insurance companies.

As the example above demonstrates, if you are a policyholder with MetLife and switched to GEICO, you may realize yearly savings of roughly $277. Insureds with Chubb may save as much as $353 a year, and MEEMIC customers might lower prices by up to $403 a year.

To see if your current coverage is too expensive, click here to get a free quote or quote rates from the companies below.

These estimates are averaged across all types of insureds and vehicles and are not factoring in a specific rate value for a Honda CR-V. So the insurer that fits your age and vehicle best may not even be featured in the list of companies shown earlier. That underscores the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.

The diagram below demonstrates how deductible levels can raise or lower annual premium costs when quoting cheap insurance for a Honda CR-V. The premiums assume a married female driver, comp and collision included, and no additional discounts are factored in.

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As shown above, a 30-year-old driver could lower rates by $572 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $868 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could shave as much as $1,226 or even more by selecting a higher deductible. When increasing deductibles, it is important to have enough in a savings account to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Allstate, Geico, State Farm, or Progressive: Who is cheapest?

When comparing rates for insurance for a CR-V in Michigan, four of the larger companies to compare rates for are Allstate, Geico, State Farm, and Progressive. If you put them all together, they insure about half of the car insurance market in the United States. All offer your standard physical damage and liability coverages, but each one has a unique set of features, discounts, and options that may influence your choice. The data below breaks down some of the different features offered by each company.

How to find the cheapest insurance for a Honda CR-V in Michigan

Here are some of the better penny-pinching solutions that can help Michigan drivers locate cheaper coverage.

• Try to not file small claims
• Raise your deductibles
• Buying your home and auto policies from the same company can earn a discount
• If your vehicles are older, consider dropping full coverage
• Improve your credit
• Buy a car with high safety ratings
• Compare rates and switch if you can find a better deal

That last idea is remarkably vital, as we hit on in the article above. Coverage rates change frequently, so drivers shouldn’t be reluctant to switch carriers if a cheaper rate is available.

Having brand loyalty is commendable, but it isn’t a good idea if that dedication is costing a small fortune year after year. If you have a few minutes, shop around to find cheaper auto insurance for a Honda CR-V.