How Much is Insurance for a Honda CR-V in South Carolina?

Your ability to find the cheapest coverage for a Honda CR-V in South Carolina is contingent on an enormous amount of factors like how old the vehicle is, if you have recent claims, and citations on your driving record. Drivers pay on average $790 annually to insure their CR-V, but that amount is a projection based on cost data for a 40-year-old single female driver who purchased full comprehensive and collision coverage and $1,000 physical damage deductibles.

When projecting a rate like this, the problem is that you are not 40 years old and maybe not even female, possibly married instead of single, and there is a good chance that you need different coverage limits than the exampe. Making even small differences in policy rating data can make a huge difference in how much coverage for a Honda CR-V costs.

Not every driver requires the same auto insurance coverages, so the only real way to find the cheapest insurance price for your Honda is to quote often and with as many companies as possible. It only takes a couple of minutes and you will be able to see rates from some of the best companies that insure vehicles in South Carolina.

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The trim level of your Honda will have an impact the cost of coverage, so the rate you will pay to insure a CR-V LX 2WD will be $20 cheaper than the price to insure the fancier CR-V EX-L 4WD model, as shown by the rates below.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in vehicle garaging location which can increase or decrease insurance rates noticeably.

How to find a good South Carolina insurance company

Finding the highest-rated insurance provider can be difficult considering how many companies provide coverage in South Carolina. The company ratings below can help you pick which auto insurers to look at buying from. These ratings are only made up of companies that insure vehicles nationwide, so smaller regional companies are not factored into the list.

Rate comparison of full coverage and liability-only

Finding cheap insurance for a Honda CR-V in South Carolina is important to most drivers, and a great way to pay lower rates for insurance is to not pay for full coverage. The diagram below illustrates the comparison of premium costs when comparing full coverage to liability only. The premium estimates are based on no accidents or driving violations, $100 deductibles, single status, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3413,1035],[‘Age 30’, 1797,569],[‘Age 40’, 1775,529],[‘Age 50’, 1611,495],[‘Age 60’, 1553,487],[‘Age 70’, 1871,649]]);var options = {title: ‘Full Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V in South Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average, physical damage coverage on your policy costs $2,003 per year over liability only. A very common question is when is the right time to remove full coverage. There is no clear-cut rule to stop paying for physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

The example below highlights how deductible choice can raise or lower insurance costs when searching for cheap insurance for a Honda CR-V. The premiums assume a married male driver, comp and collision included, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2957,2701,2413,2137],[‘Age 30’, 1571,1435,1271,1115],[‘Age 40’, 1507,1379,1231,1087],[‘Age 50’, 1377,1263,1129,1001],[‘Age 60’, 1349,1235,1103,979],[‘Age 70’, 1537,1415,1277,1145]]);var options = {title: ‘Effect of Higher Deductibles on Honda CR-V Insurance Rates in South Carolina’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V’,minValue: 0,format: ‘$###,###’},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 data above shows that a 50-year-old driver could reduce rates by $248 a year by increasing from a $100 deductible to a $500 deductible, or save $376 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could shave up to $820 every year by choosing a larger deductible amount.

When insureds make the decision to increase the deductibles on their policy, it is necessary to have emergency funds available to offset the extra out-of-pocket expense associated with higher deductibles.

Company comparison: Allstate vs Geico vs Progressive vs State Farm

If you want reliable insurance for a CR-V in South Carolina, the companies with the most market share are Allstate, Geico, Progressive, and State Farm. All four can cover your vehicle for liability and physical damage, but each one has different options that buyers can select from. The following table compares price, claims, and customer service ratings, as well as some optional coverages that are available for buyers.