How Much are Insurance Quotes for a Honda CR-V in Massachusetts?

We always joke that when we write about auto insurance, the words “cheap” or “affordable” should not be used anywhere in the article. It’s just reality that cheap auto insurance for a Honda CR-V is not always easy to find. But don’t let us ruin your dream, because we are going to tell you how you can find auto insurance that won’t break the bank.

Your chances of buying the best cheap auto insurance for a Honda CR-V in Massachusetts hinges on dozens of factors like if you are single or married, where you live, and any driving offenses on your record. Drivers pay around $930 each year to buy insurance for a Honda CR-V, but that is a projection that uses a 50-year-old single female that included full physical damage coverage and $100 policy deductibles.

If we were betting, you may not be 50 years old (or even female), you might be married instead of single, or maybe your CR-V doesn’t need full coverage. Just a slight difference in quote information can result in a large change in the price of coverage.

There is no one cookie-cutter policy that works for everyone, so the only real way to find the most affordable coverage for your Honda is to shop your policy around every couple of years.

Compare Rates and Save

The trim level of your vehicle will influence price, so the price you will be charged to insure a CR-V LX 2WD trim level will be $32 cheaper than the insurance cost for the high end CR-V EX-L 4WD version, as shown in the table below.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium costs do not factor in Massachusetts location which can impact premiums significantly.

Selecting a highly-rated car insurance provider is difficult considering how many companies there are to choose from in Massachusetts. The company information shown below could help you select which providers to look at when comparing rates. These rankings are only comprised of the largest companies in America, so companies that have a smaller presence will not be included in the list.

Top 10 Large Car Insurance Companies in Massachusetts Ranked by Customer Satisfaction

1. The Hartford – 93%
2. Progressive – 90%
3. USAA – 87%
4. State Farm – 87%
5. Travelers – 87%
6. Safeco Insurance – 86%
7. AAA Insurance – 86%
8. Farmers Insurance – 85%
9. GEICO – 85%
10. American Family – 85%

Top 10 Large Car Insurance Companies in Massachusetts Ranked by Value

1. The Hartford
2. Farmers Insurance
3. Safeco Insurance
4. AAA Insurance
5. State Farm
6. Travelers
7. Progressive
8. American Family
9. GEICO
10. Liberty Mutual

Top Companies for Honda CR-V Insurance in Massachusetts

Full coverage versus liability only rates

Finding cheap insurance for a Honda CR-V in Massachusetts is probably important to the majority of drivers, and an easy way to find cheaper insurance is to not buy full coverage. The example below visualizes the comparison of insurance costs with full coverage and liability only. Data assumes no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2413,1013],[‘Age 30’, 1291,559],[‘Age 40’, 1249,517],[‘Age 50’, 1143,485],[‘Age 60’, 1109,477],[‘Age 70’, 1371,635]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V in Massachusetts’,minValue: 0,format: ‘$###,###’},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 overall average, physical damage insurance costs an additional $1,429 per year over liability only. That is a significant amount which raises the question if paying for full coverage is a waste of money. There is no specific rule for phasing out physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after you pay the deductible. If it’s costing in excess of $200 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

Here’s why you should compare rates often

Massachusetts car insurance rates are influenced by many factors that may substantially change the cost of having a policy. Simply getting older, buying another vehicle, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being more affordable than competitors. Additionally, auto insurance companies change premium rates as needed to adjust for gains or losses. An unexpected high level of claims can result in additional premium costs, while a better claims history can produce lower-priced CR-V insurance rates.

The data below shows a variety of companies that have the cheapest car insurance in Massachusetts for a 40-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we estimate prices based on her current risk profile, State Farm may offer the most affordable car insurance rates in Massachusetts at $719 per year. This is $516 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are the rest of the top five cheapest Massachusetts auto insurance companies.

google.charts.setOnLoadCallback(drawMAWitcqcibChart);function drawMAWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘State Farm’, 719, ‘#629100’],[‘National Grange Mutual’, 831, ‘#517800’],[‘GEICO’, 850, ‘#436400’],[‘OneBeacon’, 903, ‘#375300’],[‘Commerce Group’, 911, ‘#2D4500’]]);var options = {title: ‘Best Auto Insurance Rates for a Honda CR-V’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1011,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

In the next rate comparison, we’ll give the driver in the first example a claim or two, slightly worse credit, and a traffic citation. Since every insurance provider uses a different method to determine rates, comparing prices may result in a different set of affordable Massachusetts car insurance companies as shown below.

google.charts.setOnLoadCallback(drawMAWcqcibChart);function drawMAWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Arbella’, 1133, ‘#C75000’],[‘Norfolk and Dedham’, 1150.6, ‘#A54200’],[‘USAA’, 1172.6, ‘#893700’],[‘National Grange Mutual’, 1246.5, ‘#722D00’],[‘Amica’, 1256.2, ‘#5F2500’]]);var options = {title: ‘Best Rates with Accidents and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1356.2,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Arbella now has the cheapest insurance rate in Massachusetts with Norfolk and Dedham, USAA, National Grange Mutual, and Amica also having competitive pricing. This demonstrates why Massachusetts drivers need to compare lots of rates to get the most affordable car insurance quotes for a Honda CR-V.

Auto insurance prices are made up of many factors and can change substantially, so the cheapest company the last time you shopped around may now be costing you a lot of money.

Tips for finding low-cost insurance for a Honda CR-V

It’s not impossible to find cheaper rates, and here are some penny-pinching ideas that can help Massachusetts drivers get low-cost coverage.

• Buying home and auto together can help save money
• Avoid accidents and claims
• Buy a car with high safety ratings
• Better credit scores save money
• Drop full coverage on older vehicles
• Shop around for cheaper prices often

The last item on the list is particularly valuable, as was emphasized in this write-up. Prices charged by companies can be modified anytime, so don’t be hesitant to buy a policy from a new company if a better deal can be had. Many consumers stick with the same company and that’s fine, but we do not recommend it if that faithfulness ends up costing you thousands of dollars over the life of your policy. It only take a few minutes to compare rates to find cheaper auto insurance for a Honda CR-V.