Who Has Cheap Insurance for a Honda CR-V in Tennessee?

The likelihood of finding cheap car insurance for a Honda CR-V in Tennessee depends upon a complex equation that considers factors like age of the driver, if you have recent claims, and whether or not you are a good driver. Drivers in Tennessee pay approximately $500 every 12 months to insure their CR-V, but that amount is a ballpark figure based on rates for a 50-year-old married male that has full physical damage coverage and $1,000 physical damage deductibles.

It’s highly likely you are not a 50-year-old male, you might be single instead of married, or possibly you just want cheap liability coverage. There is no one cookie-cutter policy that works for everyone, so the most reliable way to find cheap auto insurance rates for your Honda is to do your own rate comparisons.

Compare Honda CR-V Insurance Rates

The specific trim level tends to have a direct impact on the insurance rate, so the price to insure a CR-V LX 2WD model will be $14 cheaper than the insurance cost for the higher-priced CR-V EX-L 4WD version, as shown in the chart below.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate information does not factor in specific zip code location which can alter premiums greatly.

Finding out which companies have the best auto insurance rates for a Honda CR-V will involve a little more work than just getting one or two price quotes. Every insurance provider uses their own method for establishing rates, so let’s take a look at the lowest cost auto insurance companies in Tennessee.

It’s a good idea to be aware that Tennessee auto insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Improving your credit score, increasing liability limits, or getting a speeding ticket can trigger price changes that can cause some rates to be more affordable than competitors.

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Utica National has some of the most affordable car insurance rates in Tennessee at around $760 each year. Cincinnati Insurance, Auto-Owners, Penn National, and USAA would also be considered some of the best Tennessee auto insurance companies.

As illustrated above, if you are a policyholder with Penn National and switched to Utica National, you might achieve a yearly savings of in the vicinity of $166. Insureds with USAA could save as much as $169 a year, and Tennessee Farmers customers might reduce rates by $173 a year.

To get a quick, customized rate comparison, click here to get a free quote or visit any of the companies below.

Understand that those premiums are averaged across all drivers and vehicles in Tennessee and are not factoring in a specific rating modification for a Honda CR-V. So the insurer that can offer you the best rate may not even be featured in the above list. That helps illustrate why you need to compare prices as often as possible using your own individual information.

Discounts on cheap insurance for a Honda CR-V in Tennessee

Car insurance companies that offer cheap quotes for a Honda CR-V could also offer policy discounts that could reduce prices by 25% or more if you are eligible. Companies and some of the premium reductions they offer include:

The illustration below visualizes the comparison of insurance costs with and without some available policy discounts. The costs are based on a female driver, no claims or driving citations, Tennessee state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with accident-free, multiple policy, claim-free, homeowner, passive restraint, and vehicle safety discounts applied. In this example, the average amount saved each year on auto insurance for a Honda CR-V is 37% or $302.

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Careless driving habits raise Tennessee auto insurance rates

The best way to earn the most affordable auto insurance rates in Tennessee for a CR-V is to be a cautious driver and not get tickets or have accidents. The diagram below illustrates how traffic citations and accident claims raise annual premium costs for each different age category. The price estimates are based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 1827,2037,3789],[‘Age 30’, 1283,1493,3243],[‘Age 40’, 1267,1477,3229],[‘Age 50’, 1113,1319,3073],[‘Age 60’, 1061,1269,3021],[‘Age 70’, 1135,1343,3097]]);var options = {title: ‘Effect of Tickets and Accidents on Tennessee Honda CR-V Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Honda CR-V in Tennessee’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data charted above shows the average cost of an auto insurance policy in Tennessee per year with a clean driving record and no accidents is $1,281. Get one speeding ticket and the average cost increases to $1,490, an increase of $209 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Honda CR-V goes up to an average of $3,242. That’s an increase of $1,961, or $163 per month, just for not maintaining a clean driving record!

Which car insurance company is best?

If you are shopping around for insurance for a CR-V in Tennessee, four companies to consider are Geico, State Farm, Progressive, and Allstate. Each one has a slightly different set of options and discounts that add value to each policy. The next table illustrates ratings and policy coverage options you can expect with each one.

Who has the cheapest Honda CR-V insurance quotes?

Drivers have many ways to quote auto insurance rates in Tennessee, but the most frequently used are from a non-exclusive or independent agent, an exlusive agent like State Farm or Allstate, or from a direct company like Geico or Progressive.

All three ways are similar, but buyers need to know the differences in how they provide price quotes.

Independent insurance agents can place your business with multiple companies and can compare coverage rates with all of them. These types of agents do not sell for just one brand and can compare multiple rates, which can help you get better odds of saving money. If your agent finds better pricing, they can switch companies in-house and you do not have to find a new agent.

Exclusive agencies are only able to give rates for just one company, two examples are a State Farm or Liberty Mutual agent. They generally cannot quote prices from more than just one company, so you will not be able to compare their rates to other companies.

If you choose to buy auto insurance direct, you do not use an exlusive or independent agent and instead shop from a direct company like Esurance or Progressive. Shopping direct may be good for families who do not have a need for a risk management assessment and have an above average understanding of what coverages, limits, and deductibles they need.

So which method is best to buy cheap insurance for a Honda CR-V in Tennessee? We wish we could say buying from a direct company saves the most money since there is no need to pay agent commissions, but in reality, that argument does not hold true. A good argument could also be made that buying auto insurance from an independent agent results in the cheapest rates due to more options, but again, that’s not a true statement. For the right applicant, the exclusive agents have very competitive rates that are impossible to beat.

Because it’s impossible to say who has the best auto insurance rates, the best method to find out which one is cheapest is to get quotes and compare. It’s recommended that drivers get price quotes from independent, exclusive, and direct to have a good selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.