Cheapest Insurance Quotes for a Honda CR-V in Vermont

Cheapest Insurance Quotes for a Honda CR-V in Vermont

When writing about car insurance, the word cheap should not be used anywhere in the article to describe car insurance prices. Unfortunately, cheap auto insurance for a Honda CR-V does not exist. Don’t let that ruin your day, because we can show you some ways you can find and buy coverage that is cheaper than what you are paying now.

The chances of finding the best cheap auto insurance for a Honda CR-V in Vermont depends upon a lot of factors such as whether you own a home, the likelihood of your vehicle being stolen, and driving violations and tickets. Drivers will pay on average $750 each year for CR-V insurance, but that is an estimate assuming a 30-year-old single female driver that has full physical damage coverage and $250 deductibles.

Most likely you aren’t exactly 30 years old or even a female, maybe you are married instead of single, or maybe you just want different deductibles. This illustrates why the most reliable method for finding cheap insurance rates for your Honda is to make a habit of comparing prices at least once a year.

Cheapest Honda CR-V Insurance Rates

Your vehicle’s trim level has an effect on the coverage cost, so the rate you pay to insure a CR-V LX 2WD will be $26 cheaper than the insurance cost for the more expensive CR-V EX-L 4WD version, as demonstrated by the prices below.

Honda CR-V Insurance Rates in Vermont
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $178 $312 $272 $16 $82 $860 $72
CR-V EX 2WD $178 $312 $272 $16 $82 $860 $72
CR-V LX 4WD $178 $312 $272 $16 $82 $860 $72
CR-V EX 4WD $204 $312 $272 $16 $82 $886 $74
CR-V EX-L 2WD $204 $312 $272 $16 $82 $886 $74
CR-V EX-L 4WD $204 $312 $272 $16 $82 $886 $74
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rates do not factor in specific garaging location which can affect price quotes greatly.

Picking a highly-rated car insurance provider can be rather challenging considering how many different insurance companies sell coverage in Vermont. The rank data shown below may help you select which insurers you want to consider purchasing a policy from. The rankings below only include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Vermont will not be included in these rankings.

Top 10 Major Car Insurance Companies Overall in Vermont

  1. The General
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

Top Companies for Honda CR-V Insurance in Vermont

Full coverage rates compared to liability-only

Finding the cheapest insurance for a Honda CR-V in Vermont is the goal of the majority of people, and a good way to buy cheaper insurance is to not buy comprehensive and collision coverage. The example below shows the comparison of insurance costs when comparing full coverage to liability only. The costs are based on no claims or driving citations, $500 deductibles, single status, and no other discounts are factored in.

On average, physical damage insurance costs $1,128 per year over and above liability coverage. At some point, every insured wonders if it’s worth it to buy full coverage. There is no written rule of when to exclude full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s book value is $8,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,500 after paying your policy deductible. If it’s costing you more than $750 annually to have full coverage, then you might want to think about dropping full coverage.

The illustration below shows how choosing a deductible can affect insurance premiums when searching for cheap insurance for a Honda CR-V. The rates are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

The chart above illustrates that a 50-year-old driver could lower their policy premium by $164 a year by changing from a $100 deductible to a $500 deductible, or save $246 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices up to $402 or even more by choosing a higher deductible.

When using a larger deductible, it will be important to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Does Allstate, Geico, Progressive, or State Farm have the cheapest car insurance?

When shopping around for insurance for a CR-V in Vermont, the first places to look would be Allstate, Geico, Progressive, and State Farm. Combined they make up about half of all car insurance policies in America. All of them have unique coverages that drivers can select from. The following table shows some of the different features shoppers can expect to find with each one.

Top U.S. Auto Insurance Company Ratings
Allstate Geico Progressive State Farm
Overall Satisfaction 2nd 1st 3rd 4th
Price Rank 4th 1st 3rd 2nd
Claims Handling 1st 3rd 4th 2nd
Discounts Available 1st 2nd 4th 3rd
Percent of customers who recommend 86% 87% 88% 88%
Breakdown insurance No Yes Yes No
Accident forgiveness Yes Yes Yes No
New car replacement coverage Yes No No No
Rideshare insurance Yes Yes Yes Yes
Rating based on usage Yes No Yes Yes
Emergency roadside assistance Yes Yes Yes Yes
Available in Vermont Yes Yes Yes Yes
Types of agents used Only buy from Allstate agents Both online and from Geico agents Buy online or from an independent agent State Farm exclusive agents
Number of agents 11,000+ 150+ 30,000+ 18,000+
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