Who Has the Cheapest Auto Insurance for a Honda CR-V in Cleveland?

Finding economical auto insurance for a Honda CR-V depends on a large number of rating criteria such as whether you are single or married, whether or not you garage your vehicle, and citations or violations on your driving record. Drivers pay around $560 annually for CR-V insurance, but that cost is an approximation using a 40-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.

More likely than not, you aren’t exactly 40 years old or even a female, maybe you are single instead of married, or maybe you are just looking for cheap liability insurance. Even a minor difference in rating criteria can make a big difference in the coverage rate.

Car insurance coverage is unique to each driver, so this is why the best way to find the cheapest insurance price for your Honda is to compare rates from as many companies as possible.

Insure Your Honda for Less

The specific model of CR-V impacts the coverage cost, so the rate you will pay to insure a CR-V LX 2WD trim level will be $18 less expensive the insurance cost for the high end CR-V EX-L 4WD model, as shown in the table below.

Honda CR-V Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $132 $238 $202 $12 $60 $644 $54
CR-V EX 2WD $132 $238 $202 $12 $60 $644 $54
CR-V LX 4WD $132 $238 $202 $12 $60 $644 $54
CR-V EX 4WD $150 $238 $202 $12 $60 $662 $55
CR-V EX-L 2WD $150 $238 $202 $12 $60 $662 $55
CR-V EX-L 4WD $150 $238 $202 $12 $60 $662 $55
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Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in zip code location which can modify premiums considerably.

Figuring out which companies quote the lowest-priced car insurance rates for a Honda CR-V may require a bit more effort than just comparing rates from one or two companies. Every car insurance company has a different formula to set premium rates, so let’s rank the most budget-friendly car insurance companies in Cleveland.

It’s important to know that Cleveland car insurance rates are influenced by many factors that control the cost of having a policy. Simply getting older, having a teenage driver, or having a fender bender may prompt premium changes resulting in some companies being cheaper than others.

Best Cheap Insurance Rates for Your Honda

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Rankings for the cheapest car insurance companies in Ohio
Rank Company Cost Per Year
1 Utica National $647
2 Erie $681
3 Allied $690
4 Travelers $705
5 Frankenmuth $708
6 USAA $711
7 Cincinnati Insurance $756
8 Merchants Insurance Group $771
9 Motorists Mutual $800
10 Grange Mutual $828
11 General Casualty $829
12 Central Mutual $840
13 Hastings Mutual $866
14 State Farm $894
15 Westfield $918
16 Western Reserve $932
17 Atlantic States $940
18 Auto-Owners $958
19 Progressive $982
20 Nationwide $988
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Utica National offers some of the best car insurance rates in Cleveland at around $647 annually. Erie, Allied, Travelers, and Frankenmuth would also make the list of some of the cheaper Cleveland, OH auto insurance companies.

In the rate table above, if you are currently insured with Erie and switched to Utica National, you may realize an annual savings of in the vicinity of $34. Insureds with Allied may save as much as $43 a year, and Travelers policyholders might cut rates by $58 a year.

To find the cheapest coverage for you, click here to start a quote or click several companies below for low rates.

These policy rates are averages across all drivers and vehicles in Ohio and and are not calculated with a specific location for a Honda CR-V. So the auto insurance company that fits your situation best may not even be in the list above. That helps illustrate why you need to compare rates from multiple companies using your own driver data and vehicle information.

Does it make sense to buy full coverage?

Buying cheaper car insurance is the goal of most drivers, and one of the easiest ways to reduce the cost of insurance for a Honda CR-V is to buy liability only. The example below shows the difference between car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The premiums assume no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

If averaged out across all ages, physical damage coverage costs an extra $1,200 per year more than carrying just liability coverage. Many of you may wonder if buying full coverage is worth the expense. There is no definitive rule to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

The chart below illustrates how your choice of deductibles can affect premium costs when quoting cheap insurance for a Honda CR-V. The information is based on a married male driver, comp and collision included, and no discounts are taken into consideration.

In the chart above, a 50-year-old driver could lower rates by $166 a year by changing from a $100 deductible to a $500 deductible, or save $252 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, could potentially save $546 every year by using higher deductibles when buying full coverage. If you do raise deductibles, it is a good idea to have enough funds in savings to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

How to find the cheapest insurance for a Honda CR-V

Lowering your rates is not difficult, and here are some of the better penny-pinching ideas that can help Cleveland drivers find cheap auto insurance.

The last item on the list is incredibly vital, as was noted in the article above. Prices charged by companies change constantly, so don’t be tentative to buy a policy from a new company if you can find a cheaper rate.

Staying with the same company for years is fine, but we do not recommend it if it’s costing you money that could be used for better things. In just a couple of minutes you could compare rates to find cheaper auto insurance for a Honda CR-V in Cleveland.

If you have coverage questions and would like to have the advice of a professional agent when trying to find lower insurance rates for a Honda CR-V, the agencies below are a good start to help you make a decision which auto insurance policy would work best for you. To locate an agency near you, click the button link following the list or click here to compare prices now.

MR Insurance Partners Agency, Inc.
3310 Prospect Ave ECleveland, OH 44115(216) 361-9797

Farmers Insurance – Earl Soroka
1621 Euclid Ave #408Cleveland, OH 44115(216) 452-0885

Allstate Insurance: Michael Wrobel
17016 Lorain AveCleveland, OH 44111(216) 812-5413

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