Best Cheap Insurance Quotes for a Honda CR-V in Mississippi

Whether or not you can find cheap insurance for a Honda CR-V in Mississippi relies on a very complex rating algorithm that uses multiple factors such as how old the vehicle is, the condition of your credit, and driving citations. Mississippi drivers pay an average of $940 each year to insure a CR-V, but that rate is a ballpark figure based upon a 40-year-old single female driver with full coverage including both comprehensive and collision and $250 policy deductibles.

When making auto insurance estimates, the issue arises that you are not 40 and maybe not even a female, maybe you are married instead of single, or maybe you have a teenager that needs to be on your policy. The different assumptions illustrate why the only way to find cheap insurance prices for your Honda is to just take the time to compare rates yourself.

Compare Rates and Save

Your Honda’s trim level will have an impact the coverage cost, so the cost to insure a CR-V LX 2WD will be $30 lower than the insurance cost for the higher-priced CR-V EX-L 4WD version, as shown by the rates below.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in specific location information which can change rates considerably.

What is the best car insurance company in Mississippi?

Ending up with a good quality insurance company can be challenging considering how many different companies insure vehicles in Mississippi. The rank data shown below may help you pick which coverage providers you want to consider when shopping your coverage around. These rankings include companies with a nationwide focus, so companies with more of a regional focus will not be included in the list.

Top 10 Major Auto Insurance Providers in Mississippi Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Top 10 Major Auto Insurance Providers in Mississippi Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top Companies for Honda CR-V Insurance in Mississippi

Rate comparison of full coverage and liability-only

Finding the best cheap insurance for a Honda CR-V in Mississippi is important to most drivers, and an effective way to buy cheap insurance is to not insure for full coverage. The example below illustrates the comparison of car insurance costs with full phyical damage coverage and with liability coverage only. The rates are based on no claims or violations, $500 deductibles, single status, and no discounts are taken into consideration.

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As an overall average, comp and collision coverage costs an additional $1,553 per year more than just buying liability insurance. A very common question is if physical damage coverage is worth the money. There is no definitive guideline to drop full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $8,000 after the policy deductible has been paid. If it’s costing in excess of $800 annually for physical damage coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

How accidents and tickets impact rates in Mississippi

One of the best ways to score the best cheap insurance for a Honda CR-V in Mississippi is to drive carefully and avoid accidents and traffic violations. The illustration below highlights how traffic violations and at-fault collisions can influence premium costs for different categories of driver ages. The rate quotes are based on a single male driver, full physical damage coverage, $250 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’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 2887,3437,3983],[‘Age 30’, 1517,2065,2611],[‘Age 40’, 1495,2043,2589],[‘Age 50’, 1359,1909,2457],[‘Age 60’, 1315,1861,2407],[‘Age 70’, 1597,2149,2695]]);var options = {title: ‘Impact of Tickets and Claims on Mississippi 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 Mississippi’,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);}

In the example above, the average cost of an auto insurance policy in Mississippi per year with no violations or accidents is $1,695. Add in two speeding tickets and the average cost hikes up to $2,244, an increase of $549 each year. Now add one accident along with the two speeding tickets and the yearly cost of car insurance for a Honda CR-V goes up to an average of $2,790. That’s an increase of $1,095, or $91 per month, just for not paying attention while driving!

Is Progressive, Allstate, Geico, or State Farm cheaper?

When it comes to buying auto insurance, the first places to look would be Progressive, Allstate, Geico, and State Farm. When added together, they make up over 48% of all vehicles in the U.S.. The table below ranks ratings for price and service, as well as some optional coverages that may be available in Mississippi.