How Much are Insurance Quotes for a Honda CR-V in Colorado?

Your odds of finding cheaper insurance for a Honda CR-V in Colorado is dependent upon a complex formula that considers things like the number of years you have been driving, the size of your vehicle, and driving citations. Drivers in Colorado on average pay around $870 each year for CR-V insurance, but that is an approximation based on rates for a 40-year-old married female driver with full physical damage coverage and $250 physical damage deductibles.

The issue with using an average estimated rate is the likelihood you are not a 40-year-old female, maybe you are single instead of married, or maybe your driving record isn’t squeaky clean. Just a minor change in rating factors or requested coverage amount could end up in a significant change in price quotes.

Car insurance coverage is unique to each driver, so this is why the only real way to find cheap auto insurance rates for your Honda is to comparison shop your policy at every renewal or at least every couple of years. Price quotes are quick and you will receive prices from top-rated companies that offer coverage in Colorado.

Insure Your Honda for Less

The trim level of your CR-V will most likely have an effect on the coverage cost, so the rate you will pay to insure a CR-V LX 2WD model will be $30 less than the insurance cost for the more expensive CR-V EX-L 4WD trim level, as shown by the rates below.

Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium costs do not factor in specific zip code location which can influence insurance rates considerably.

Which auto insurance company is best in Colorado?

Buying coverage from the top auto insurance company can be challenging considering how many companies provide coverage in Colorado. The information shown below can help you pick which coverage providers to look at shopping prices with.

The rankings below only include companies that write coverage in many states, so companies that focus mainly on Colorado business will not be included in the list. To get rate quotes and find the cheapest rates for a Honda CR-V, simply click here.

Difference between liability only and full coverage rates

Finding cheap insurance for a Honda CR-V in Colorado is probably important to the majority of drivers, and a good way to save on the cost of insurance is to only buy liability coverage. The information below shows the comparison of insurance premiums with liability coverage only compared to full coverage. The premiums assume no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.

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On average, comp and collision coverage costs $1,845 per year more than just insuring for liability. That raises the question when is the right time to remove full coverage. There is no written rule for eliminating physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If you are currently paying more than $300 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

How accidents and violations affect rates

The ideal way to receive cheap auto insurance premiums in Colorado for a CR-V is to be an attentive driver and avoid traffic citations and accidents. The example below shows how violations and fender-benders increase auto insurance costs for each different age category. The premiums are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

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The data in the chart shows the average cost of car insurance in Colorado per year with no accidents and a clean driving record is $1,131. Get written up for two speeding tickets and the average cost swells to $1,598, an increase of $467 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Honda CR-V goes up to an average of $2,070. That’s an increase of $939, or $78 per month, just for being a little careless behind the wheel!

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

When comparing rates for car insurance, four of the larger companies to compare rates for are Progressive, State Farm, Allstate, and Geico. When added together, they insure almost 50% of all policies written in the United States. All of them have different options that may influence your buying decision. The data below shows pricing and service ratings, as well as optional policy coverages that are available for buyers.