How Much Does Insurance Cost for a Honda CR-V in New York?

When talking about car insurance, the word affordable really should not be used anywhere in the article as a descriptor for car insurance rates. Despite the oxymoron, cheap car insurance for a Honda CR-V can seem impossible to find. But don’t despair, because we will show you how you can quote auto insurance that is considered budget-friendly.

The chances that you’ll find the cheapest coverage for a Honda CR-V in New York depends upon a complex rating formula that takes into consideration things like the safety rating for your CR-V, if you have a coverage lapse, and your driving record. Drivers pay approximately $830 a year to insure a Honda CR-V, but that figure is a projection using rate data for a 40-year-old single male who needs both comprehensive and collision coverage and $100 policy deductibles.

But there is a good chance that you are not 40 and maybe not even a male, married instead of single, or maybe you want different physical damage deductibles. Having what appears to be a very minor change in policy rating data can create big changes in price quotes.

Insurance prices are based on the driver profile the only way to find the most affordable coverage for your Honda is to put in the effort to do a thorough rate comparison.

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The trim level of your Honda will influence the coverage cost, so the rate you will pay to insure a CR-V LX 2WD trim level will be $30 cheaper than the price to insure the higher-end CR-V EX-L 4WD model, as shown in the chart below.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific garaging location which can alter prices noticeably.

Buying low-cost car insurance is confusing at best, and figuring out which insurers offer the cheapest insurance rates for a Honda CR-V involves more quotes for comparison.

Each insurance company has a proprietary method for establishing rates, so let’s take a look at the most affordable insurance companies in New York. It’s important that you understand New York insurance rates are determined by lots of factors that control the cost of having a policy. This is why consumers need to take the time to compare many different companies to get affordable auto insurance quotes for a Honda CR-V. Insurance prices consist of many risk factors and change frequently, so the cheapest company the last time you shopped around may now be costing you a lot of money.

Best Insurance Companies for Your Honda

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USAA has some of the most affordable car insurance rates in New York at around $1,152 each year. Erie, Utica National, Progressive, and Allstate also make the cut as some of the lowest-priced New York insurance companies.

In the rate table above, if you are insured with Erie and switched to USAA, you might see a yearly savings of approxmiately $90. Insureds with Utica National may save as much as $337 a year, and Progressive policyholders might lower prices by up to $344 a year.

It’s important to note that these premiums are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a specific rate value for a Honda CR-V. So the insurer that is most affordable for your situation may not even be in the list above. That illustrates why you need to compare rates from multiple companies using your own personal information and vehicle type.

Impact of speeding/accidents on New York insurance rates

The easiest method to snag affordable insurance rates for a CR-V is to pay attention while driving and not get tickets or have accidents. The diagram below highlights how traffic violations and fender-benders influence insurance premiums for each age group. The price estimates are based on a married female driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.

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In the example above, the average cost of an auto insurance policy in New York per year with no accidents or violations is $878. Receive two speeding tickets and the average cost jumps to $1,236, an increase of $358 each year. Now add in one accident along with the two speeding tickets and the annual cost of insurance for a Honda CR-V increases to an average of $1,594. That’s an increase of $716, or $60 per month, just for being a careless driver!

Geico, State Farm, Progressive, and Allstate: Who is best?

When researching insurance for a CR-V in New York, the companies that insure more vehicles than anyone else are Geico, State Farm, Progressive, and Allstate. When combined, they make up 48.5% of all car insurance policies written. All of them offer physical damage and liability coverage, but each has a slightly different mix of options and features that you can select from. The following table compares price and claims rank as well as some different options that may be available in your state.