How Much is Insurance for a Honda CR-V in Montana?

How Much is Insurance for a Honda CR-V in Montana?

Your ability to find the cheapest coverage for a Honda CR-V in Montana is dependent upon a complicated equation that takes into consideration things such as the mileage of your daily commute, the likelihood of your vehicle being stolen, and physical damage deductibles. Montana drivers will pay around $1,340 per year for CR-V insurance, but that is an approximation based on rate data for a 40-year-old single female driver who needs comprehensive and collision coverage and $1,000 deductibles.

When projecting a rate like this, the problem is that you’re not a 40-year-old female, maybe you are married instead of single, or maybe you just want different deductibles. Even a minor difference in the factors used in pricing a policy can produce large changes in the cost of coverage for a Honda CR-V.

This demonstrates why the best way to find cheap insurance rates for your Honda is to shop around at every renewal for lower rates. Quotes are free and you can get rates from the best auto insurance companies that sell coverage in Montana.

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Your Honda’s trim level has an effect on the annual cost of coverage, so the rate you pay to insure a CR-V LX 2WD trim level will be $34 lower than the price to insure the high end CR-V EX-L 4WD model, as shown below.

Honda CR-V Insurance Rates in Montana
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $232 $440 $640 $38 $192 $1,542 $129
CR-V EX 2WD $232 $440 $640 $38 $192 $1,542 $129
CR-V LX 4WD $232 $440 $640 $38 $192 $1,542 $129
CR-V EX 4WD $266 $440 $640 $38 $192 $1,576 $131
CR-V EX-L 2WD $266 $440 $640 $38 $192 $1,576 $131
CR-V EX-L 4WD $266 $440 $640 $38 $192 $1,576 $131
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific zip code location which can lower or raise insurance rates greatly.

Determining which company has the cheapest car insurance rates for a Honda CR-V will require a bit more effort in order to find the most economical policy. Each auto insurance company has their own unique process for establishing rates, so we’ll go over the most competitive car insurance companies in Montana.

Keep in mind that Montana car insurance rates are determined by lots of factors that will increase or decrease the cost of a policy. Improving your credit score, increasing liability limits, or getting a driving violation can cause premium changes resulting in some companies being affordable when they were higher priced.

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Who has the cheapest car insurance in Montana?
Rank Company Cost Per Year
1 Safeco $837
2 Progressive $942
3 USAA $1,024
4 State Farm $1,069
5 MetLife $1,151
6 National Farmers Union $1,228
7 Allied $1,348
8 Farmers $1,526
9 California Casualty $1,616
10 GEICO $1,672
11 Allstate $2,090
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Safeco has some of the most affordable car insurance rates in Montana at around $837 per year. Progressive, USAA, State Farm, and MetLife also make the cut as some of the cheaper Montana auto insurance companies.

In this example, if you currently buy coverage from Progressive and switched to Safeco, you might see a yearly price reduction of in the vicinity of $105. Drivers with USAA may save as much as $187 a year, and State Farm insureds might see rate reductions of $232 a year.

To find cheap insurance for a Honda CR-V in Montana, click here to start a quote or click through to the companies below.

Remember that these estimates are averages across all types of insureds and vehicles and and are not calculated with a specific rate factor for a Honda CR-V. So the auto insurance company that fits your age and vehicle best may not even be shown in the chart above. That helps illustrate why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The chart below demonstrates how deductible levels can affect premium costs when researching cheap insurance for a Honda CR-V. The prices are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

In the chart above, a 50-year-old driver could lower their policy premium by $476 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $718 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, have the ability to save $1,564 every year by selecting a higher deductible.

If you make the decision to raise deductibles, it is necessary to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense associated with higher deductibles.

Rate difference between full and liability-only coverage

Finding cheap insurance for a Honda CR-V in Montana is the goal of most drivers, and one good way to pay lower rates for insurance is to only buy liability coverage. The diagram below compares auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Montana. The rates are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.

If we average all the age groups together, full coverage costs $3,028 per year more than insuring for liability only. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no clear-cut rule that is best for determining when to drop full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

Find cheap insurance for a Honda CR-V in Montana

The list below shows some of the recommended penny-pinching ideas that can help drivers find the cheapest coverage.

  • Clean up your credit rating
  • Safer vehicles cost less to insure
  • Remove physical damage coverage on older vehicles
  • Prevent price hikes by avoiding at-fault accidents
  • Higher deductibles mean lower rates
  • Be a cautious driver
  • Compare rates regularly and switch companies to save money

That last piece of advice is remarkably vital, as was pointed out in the prior information. Coverage prices in Montana can change in a short period of time, so drivers shouldn’t be resistant to switch to a new company if a better rate can be found. Brand loyalty is great, but it’s not recommended if that dedication is costing potentially thousands of dollars a year. Take a couple minutes and compare rates to find cheaper auto insurance for a Honda CR-V.

Company comparison: State Farm vs Allstate vs Geico vs Progressive

When comparing insurance for a CR-V in Montana, the companies that insure more vehicles than anyone else are State Farm, Allstate, Geico, and Progressive. All offer your standard physical damage and liability coverages, but each one has a unique set of features, discounts, and options that shoppers can choose from. The next table rates ratings and policy coverage options that may be available in your state.

Car Insurance Company Comparison
State Farm Allstate Geico Progressive
Overall Cost 2nd 4th 1st 3rd
Client Satisfaction 4th 2nd 1st 3rd
Discounts Available 3rd 1st 2nd 4th
Claims Handling 2nd 1st 3rd 4th
Accident forgiveness coverage No Yes Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
Mechanical breakdown insurance No No Yes Yes
New car replacement insurance No Yes No No
Roadside service Yes Yes Yes Yes
Rate for vehicle usage Yes Yes No Yes
Insure in Montana Yes Yes Yes Yes
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