How Much Does Insurance Cost for a Honda CR-V in West Virginia?

The odds of finding the best cheap car insurance for a Honda CR-V in West Virginia is dependent upon a complex calculation that is influenced by things such as if you own your home, whether or not you garage your vehicle, and if you had any at-fault accidents in the last few years. Drivers pay on average $1,030 annually for CR-V insurance, but that figure is an approximation rating a 30-year-old single female that has full physical damage coverage and $500 policy deductibles.

Odds are that you are not 30 years old and maybe not even female, possibly married instead of single, or maybe you have a couple of speeding tickets. Auto insurance requires individual risk assessment, so the only real way to find the cheapest rates for your Honda is to start the habit of comparing rates at least once a year.

Compare Honda CR-V Insurance Rates

Vehicle trim level tends to have a direct impact on the coverage cost, so the price you will be charged to insure a CR-V LX 2WD model will cost $32 less than the price to insure the more costly CR-V EX-L 4WD trim level, as shown in the chart below.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price estimates do not factor in specific garaging location which can lower or raise rates substantially.

Choosing the highest-rated car insurance company is difficult considering how many choices there are in West Virginia. The company ratings shown next could help you decide which providers to look at when trying to find the cheapest insurance for a Honda CR-V. These ratings are only made up of large insurance companies, so companies that only write business in West Virginia or surrounding areas are not included in the list.

Do you need full coverage?

Finding cheap insurance for a Honda CR-V in West Virginia is important to the majority of drivers, and one of the best ways to buy cheaper insurance is to buy only liability coverage. The diagram below illustrates the difference between car insurance costs when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.

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If the expense is averaged for all age categories, full coverage on your policy costs $1,928 per year more than just buying liability only. Many drivers will wonder when is the right time to remove full coverage. There is no written rule for phasing out physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some scenarios where buying only liability insurance is not in your best interest. 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 finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Who has the cheapest Honda CR-V insurance quotes?

Due to technology, there are many ways to comparison shop for auto insurance in West Virginia, but the three most common ways are from an independent or non-exclusive agent, an exlusive agent like State Farm or Auto-Owners, or direct either online or via phone. They all have the same basic principle, but each is slightly different in how they work.

Independent agencies write for multiple companies and can get rate quotes from every one. Agents of this type do not write with just one company and can give you a larger rate selection, which can give you the best chance of saving money. If premiums increase, an independent agent can move your coverage and you stay with the same agent.

An exlusive, or captive, agency is able to quote prices with one company, two examples are an Allstate or State Farm agent. These agents are unable to quote prices from more than a single company, so keep that in mind.

Buying direct means you skip an independent or exclusive agent and buy buying direct from a company like Esurance or Progressive. Buying auto insurance direct can be a good choice for people who do not need complex risk management and have knowledge of what auto insurance covers and what it doesn’t.

Which method is best for finding cheap insurance for a Honda CR-V in West Virginia? It would be simple to say buying direct saves the most money since it doesn’t require paying agent commissions, but in reality, that argument does not hold true. A valid argument could also be made that buying auto insurance from an independent agent guarantees the best prices because they can shop around, but that is not accurate either. In the right set of circumstances, the exclusive agents may have very competitive prices that cannot be met by either independent or direct companies.

Because there are so many factors that make up auto insurance rates, the guaranteed way to find out which one is cheapest is to get rate quotes and compare. It takes a little work, but we recommend you get prices from all three in order to be able to find the lowest price. For a list of companies offering online discounts in West Virginia, click here to view.

Find cheap insurance for a Honda CR-V in West Virginia

The list below summarizes a few penny-pinching ideas that can help drivers find lower-cost coverage.

• Avoid accidents and claims
• Too many claims can make car insurance unaffordable
• Buying home and auto together can help save money
• Tickets and violations raise rates
• Buy a safer vehicle
• Do not pay for comprehensive and collision coverage on older vehicles
• Comparison shop frequently

That final tip is highly vital, as was affirmed in this piece. Insurance prices can change significantly in a year, so don’t hesitate to buy a different policy if you can save money.

Many drivers tend to have loyalty to a certain company, but we do not recommend it if that stubbornness costs you thousands of dollars over several years. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for a Honda CR-V.