How Much Does Insurance Cost for a Honda CR-V in North Carolina?

Your chances of buying cheaper car insurance for a Honda CR-V in North Carolina depends upon a calculation that uses factors like the number of years of driving experience you have, your credit status, and driving violations and tickets. Drivers in North Carolina pay on average $790 per year to insure a CR-V, but that rate is an approximation calculated based on a 30-year-old single male driver that wants full coverage including both comprehensive and collision and $100 policy deductibles.

Chances are good that you are not exactly 30 years old and possibly not even male, maybe you are married instead of single, or maybe you prefer higher deductibles. There is no “one size fits all” policy, so your best chance at finding the cheapest insurance price for your Honda is to do a thorough rate comparison. In just a couple of minutes you will receive price comparisons from some of the best insurers available.

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Your Honda’s trim level has an effect on the insurance rate, so the price you will be charged to insure a CR-V LX 2WD trim level will be $32 less expensive the cost to insure the more costly CR-V EX-L 4WD trim level, as shown in the chart below.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in North Carolina location which can lower or raise premium rates considerably.

Finding dependable, low-priced car insurance is not always easy, and deciding which company offers the cheapest car insurance rates for a Honda CR-V takes even more perseverance.

Every insurance provider uses different criteria for determining rates, so first we will examine the overall cheapest car insurance companies in North Carolina.

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Utica National may have some of the best car insurance rates in North Carolina at around $655 annually. Progressive, GEICO, Penn National, and Liberty Mutual also make the cut as some of the best North Carolina insurance companies.

As shown above, if you are insured with GEICO and switched to Utica National, you could earn a yearly savings of in the vicinity of $65. Customers with Penn National could save as much as $70 a year, and Liberty Mutual customers might reduce prices by as much as $73 a year.

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

Understand that those policy prices are averaged across all ages of drivers and types of vehicles and do not factor in a specific rate value for a Honda CR-V. So the car insurance company that can offer you the lowest price may not even be featured in the list of companies above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.

Careless North Carolina drivers pay higher rates

The easiest method to get the cheapest car insurance rates for a CR-V is to drive safely and maintain a clean driving record. The information below illustrates how traffic citations and at-fault collisions can increase yearly insurance costs for different categories of driver ages. Data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

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In the example above, the average cost of a car insurance policy in North Carolina per year with no accidents and a clean driving record is $1,006. Get two speeding tickets and the average cost surges to $1,337, an increase of $331 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of car insurance for a Honda CR-V increases to an average of $1,672. That’s an increase of $666, or $55 per month, just for not being a responsible driver!

Difference between liability only and full coverage rates

Finding cheap insurance for a Honda CR-V in North Carolina is the goal of most people, and one of the fastest ways to pay lower rates for insurance is to only pay for liability coverage. The diagram below illustrates the comparison of auto insurance rates with full phyical damage coverage and with liability coverage only. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 1779,761],[‘Age 30’, 945,423],[‘Age 40’, 919,393],[‘Age 50’, 841,367],[‘Age 60’, 817,361],[‘Age 70’, 1015,481]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V in North Carolina’,minValue: 0,format: ‘$###,###’},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);}

If we average all the age groups together, physical damage insurance costs $1,053 per year more than buying just liability insurance. That may make you wonder if buying full coverage is worth the expense. There is no definitive rule to drop physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

Best rates: State Farm, Geico, Progressive, or Allstate

If you are looking for the best insurance for a CR-V in North Carolina, four of the best places to start are State Farm, Geico, Progressive, and Allstate. Between them, they insure over 45% of the car insurance market in the United States. The following table points out ratings for price, service, and claims, in additional to some of the optional coverages you can buy with each company.