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

The likelihood of finding the best cheap insurance for a Honda CR-V in Wisconsin relies on many factors such as age of the driver, what you do for a living, and deductibles for comprehensive and collision coverage. Wisconsin drivers pay an average of $450 each year to insure a Honda CR-V, but that is an estimation using a 30-year-old married male driver that has full coverage and $1,000 deductibles.

There is a good chance you are not 30 and maybe not even a male, possibly single instead of married, and there is a good chance that you need different coverage limits than the exampe. Have just a small change in the factors used in pricing a policy can result in big changes in the price of coverage.

Having different needs demonstrates why the way we recommend to find affordable rates for your Honda is to make a habit of comparing prices at least once a year.

View Honda CR-V Insurance Rates

The specific trim level impacts the insurance rate, so the rate you will pay to insure a CR-V LX 2WD trim level will be $14 less than the insurance cost for the more costly CR-V EX-L 4WD version, as shown in the table below.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can affect insurance rates substantially.

Buying coverage from the highest-rated company is difficult considering how many choices there are in Wisconsin. The company information displayed below may help you select which car insurance companies to look at when trying to find the cheapest insurance for a Honda CR-V. These rankings include large insurance companies, so companies that may only write in Wisconsin are not taken into consideration for this list.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Honda CR-V in Wisconsin is the goal of most drivers, and one of the best ways to lower the cost of insurance is to not pay for full coverage. The example below illustrates the difference between insurance prices with full coverage and liability only. The data is based on no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.

If we average the cost for all age groups, comp and collision coverage costs an extra $1,217 per year more than insuring for liability only. That is a large expense and it proposes the question if buying full coverage is worth the expense. There is no clear-cut rule to exclude physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $8,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $7,500 after you pay the deductible. If premium cost is more than $750 a year for full coverage, then it might be time to buy liability only.

There are some cases where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

The example below demonstrates how deductible levels can affect insurance costs when getting quotes for cheap insurance for a Honda CR-V. The data is based on a married female driver, comp and collision included, and no discounts are applied.

A 30-year-old driver could lower their car insurance rates by $182 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $276 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, have the ability to save as much as $390 each year by selecting a higher deductible.

When increasing deductibles, it will now be necessary to have enough funds in savings to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Find cheap insurance for a Honda CR-V in Wisconsin

The list below details some penny-pinching suggestions that can help Wisconsin drivers locate more affordable auto insurance.

• Remove physical damage coverage on older vehicles
• Maintaining good credit helps earn cheaper rates
• Safer vehicles cost less to insure
• Avoid having at-fault accidents
• Buy your auto and home insurance from the same company and save
• Shop around once a year for cheaper rates

That last idea is extremely important, as was stressed in this piece. Coverage prices vary greatly, so don’t be unwilling to buy from a different company if a better rate can be found. Sticking with a specific company is fine, but it’s not a great idea if that inflexibility results in costing you potentially thousands of dollars a year. Now is a great time to compare rates and find cheaper car insurance for a Honda CR-V.

Who has the cheapest Honda CR-V insurance quotes?

Consumers have many ways to buy insurance in Wisconsin, but the most popular are through an exclusive agency like Auto-Owners or State Farm, a non-exclusive or independent agent, or direct either online or via phone.

Each way has the same basic process, but it’s important to point out the distinctions in how they work.

Independent insurance agencies work for many companies and can get rate quotes from every one. Independent agents have the option to provide you with more rates, which may give you a better overall rate comparison. If your premiums go up, it’s simple to move the policy and you don’t have to switch agencies.

An exclusive ageny is contracted to one insurance company like Farmers Insurance or State Farm agents. These guys and gals cannot provide rate quotes from other companies, so drivers will want to get other quotes as well.

The third popular method of shopping for insurance is direct, which means you do not use local agents and buy direct from companies such as Progressive or Esurance. This option can be a good choice for drivers who have an average risk profile and have some degree of understanding of what is covered and what is not.

What is the best way for finding cheap insurance for a Honda CR-V in Wisconsin? We would first guess that buying from a direct company results in the cheapest rates because you bypass the agent, but unfortunately, that is not always true. It could also be said buying insurance from an independent agent results in the best rates since they have access to many companies, but that’s not always true, either. For the right applicant, exclusive agents have very competitive rates that are the cheapest.

Since insurance rates vary so much, the guaranteed way to ensure the lowest rates is to get quotes and compare the rates. Make the effort to get price quotes all three ways to have a good selection of rates to choose from. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

Progressive, State Farm, Allstate, or Geico: Which is best?

When it comes to buying insurance for a CR-V in Wisconsin, four companies to definitely compare rates with are Progressive, State Farm, Allstate, and Geico. Between them, they make up about half of all auto insurance policies in force. All four offer physical damage and liability coverage, but each has a slightly different mix of options and features that buyers can select from. The following table compares and contrasts ratings and policy coverage options that are available.