Affordable Rates for Honda CR-V Insurance in Fresno

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Insurance rates Honda CR-V in FresnoIt takes a few minutes, but the best way to get the cheapest Honda CR-V insurance is to start comparing prices regularly from different companies who sell insurance in Fresno.

  • Step 1: Get an understanding of car insurance and the things you can control to keep rates down. Many factors that result in higher rates like traffic violations and a negative credit history can be rectified by making minor driving habit or lifestyle changes. This article provides additional ideas to help prevent high rates and find discounts that you may qualify for.
  • Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agents can provide price quotes for a wide range of insurance providers.
  • Step 3: Compare the new quotes to your existing policy and determine if there is any savings. If you can save some money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.

One thing to remember is that you'll want to compare similar coverage information on every price quote and and to look at as many car insurance companies as possible. This ensures a fair rate comparison and and a good selection of different prices.

Surprisingly, a recent survey revealed that a large majority of consumers have been with the same company for four years or more, and practically 40% of car insurance customers have never even compared quotes to find cheap rates. Fresno drivers can cut their rates by as much as $470 a year just by getting comparison quotes, but they just don't understand how easy it is to do a rate comparison.

The method we recommend to get rate comparisons for Honda CR-V insurance in Fresno utilizes the fact all the major auto insurance companies participate in online systems to give you rate quotes. The only thing you need to do is give them some information like any included safety features, the year, make and model of vehicles, if you went to college, and deductibles desired. That rating data is instantly sent to multiple companies and they return cost estimate immediately.

To compare multiple company lower-cost Honda CR-V insurance rates now, click here and complete the form.

The providers in the list below are our best choices to provide quotes in Fresno, CA. If you want the cheapest car insurance in California, we recommend you get rates from several of them to get a more complete price comparison.

Analysis of Honda CR-V rates

The rate information displayed below showcases different coverage prices for Honda CR-V models. Being aware of how policy premiums are calculated is important for you to make informed purchases.

Honda CR-V Insurance Rates in Fresno, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $284 $554 $394 $24 $118 $1,374 $115
CR-V EX 2WD $284 $554 $394 $24 $118 $1,374 $115
CR-V LX 4WD $284 $554 $394 $24 $118 $1,374 $115
CR-V EX 4WD $326 $554 $394 $24 $118 $1,416 $118
CR-V EX-L 2WD $326 $554 $394 $24 $118 $1,416 $118
CR-V EX-L 4WD $326 $554 $394 $24 $118 $1,416 $118
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can decrease or increase rates greatly.

Physical damage deductibles: Should you raise them?

A question often asked by Fresno drivers is how low should you set your deductibles. The following insurance rates approximate the cost difference of buying low and high policy deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Honda CR-V insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $332 $564 $376 $22 $112 $1,431 $119
CR-V EX 2WD $332 $564 $376 $22 $112 $1,431 $119
CR-V LX 4WD $332 $564 $376 $22 $112 $1,431 $119
CR-V EX 4WD $380 $564 $376 $22 $112 $1,479 $123
CR-V EX-L 2WD $380 $564 $376 $22 $112 $1,479 $123
CR-V EX-L 4WD $380 $564 $376 $22 $112 $1,479 $123
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Honda CR-V insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $242 $382 $376 $22 $112 $1,134 $95
CR-V EX 2WD $242 $382 $376 $22 $112 $1,134 $95
CR-V LX 4WD $242 $382 $376 $22 $112 $1,134 $95
CR-V EX 4WD $278 $382 $376 $22 $112 $1,170 $98
CR-V EX-L 2WD $278 $382 $376 $22 $112 $1,170 $98
CR-V EX-L 4WD $278 $382 $376 $22 $112 $1,170 $98
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in vehicle garaging location which can lower or raise rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $24 more each month or $288 each year across all Honda CR-V models than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have at least 17 months between claims, you would probably save some money if you elect the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): - $97
Monthly savings from raising deductible: $24
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important caveat is that a higher deductible means you will have to pay more out-of-pocket when you have a physical damage claim. You need to make sure you have enough extra money in the event you need to pay the higher deductible in order to repair your vehicle.

Poor driving habits will raise your insurance rates

The diagram below shows how speeding tickets and at-fault claims can influence Honda CR-V insurance rates for each age group. The premiums are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

Annual premiums comparing men and women

The illustration below visualizes the comparison of Honda CR-V annual premium costs for male and female drivers. The data assumes no violations or claims, comp and collision included, $250 deductibles, single marital status, and no discounts are applied.

Full coverage rates vs. liability-only

The example below shows the difference between Honda CR-V yearly insurance costs with and without full coverage. The rate quotes are based on no claims or driving citations, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to eliminate full coverage

There isn't a steadfast formula for phasing out full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's pretend your Honda CR-V book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where buying only liability insurance is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Auto insurance is an important decision

Despite the high insurance cost for a Honda CR-V in Fresno, maintaining insurance is required for several reasons.

  • Almost all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability protection in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you bought your Honda with a loan, it's most likely the lender will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may insure your Honda at a more expensive rate and force you to pay for it.
  • Auto insurance protects not only your vehicle but also your assets. It will also cover most medical and hospital costs incurred in an accident. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of buying enough insurance outweigh the cost, particularly for liability claims. Unknowingly, the average driver is overpaying more than $855 a year so compare quotes from several companies every year to help ensure money is not being wasted.

Auto insurance coverage information

Knowing the specifics of your policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.

Uninsured or underinsured coverage

This gives you protection when the "other guys" do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Honda CR-V.

Since a lot of drivers only purchase the least amount of liability that is required (15/30/5 in California), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Medical expense coverage

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like EMT expenses, ambulance fees, pain medications, doctor visits and X-ray expenses. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, scraping a guard rail and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible on your CR-V to bring the cost down.

Comprehensive protection

This covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as vandalism, damage from flooding, theft and a broken windshield. The maximum payout you'll receive from a claim is the actual cash value, so if the vehicle's value is low consider dropping full coverage.

Liability insurance

This provides protection from damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 15/30/5 that translate to a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and a limit of $5,000 paid for damaged property.

Liability coverage pays for claims like medical expenses, loss of income, medical services and bail bonds. How much coverage you buy is a personal decision, but buy higher limits if possible. California state minimum liability requirements are 15/30/5 but you should consider buying more coverage.

The illustration below demonstrates why buying minimum limits may not be enough coverage.