Who Has Cheap Car Insurance Quotes for a Honda CR-V in Jacksonville?

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Honda CR-V insurance policy
Honda CR-V insurance policy image courtesy of QuoteInspector.com

Buying the best cheap car insurance for a Honda CR-V in Florida depends on many factors such as how you use your CR-V, where you live, and any prior driving offenses. Drivers will pay around $964 annually for CR-V insurance, but that amount is an estimation calculated based on a 50-year-old single male driver with full coverage and $500 deductibles.

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But there is a high probability that you are not 50 and maybe not even a male, maybe you are married instead of single, and maybe you want higher deductibles. Having different needs demonstrates why the best way to find cheap insurance rates for your Honda is to compare as many rates as possible.

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The specific model of CR-V will be a contributing factor to the cost of coverage, so the rate you pay to insure a CR-V LX 2WD will cost $30 less than the price to insure the more well-appointed CR-V EX-L 4WD version, as shown by the rates below.

Honda CR-V Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $196 $370 $400 $24 $120 $1,110 $93
CR-V EX 2WD $196 $370 $400 $24 $120 $1,110 $93
CR-V LX 4WD $196 $370 $400 $24 $120 $1,110 $93
CR-V EX 4WD $226 $370 $400 $24 $120 $1,140 $95
CR-V EX-L 2WD $226 $370 $400 $24 $120 $1,140 $95
CR-V EX-L 4WD $226 $370 $400 $24 $120 $1,140 $95
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific zip code location which can alter insurance rates significantly.

Florida car insurance companies

Selecting the best auto insurance company can be rather challenging considering how many different insurance companies sell coverage in Florida. The information in the next section could help you select which car insurance companies to look at comparing rate quotes with.

The rankings below only include the companies with a significant amount of written premium nationwide, so smaller companies are not taken into consideration for these rankings. To compare prices from these companies and more, just click here.

Jacksonville, FL Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Insure.com Best Car Insurance Companies

Full coverage rates compared to liability-only

Lowering the price of car insurance is the goal of the majority of vehicle owners, and one of the easiest ways to reduce the cost of insurance for a Honda CR-V is to not buy comprehensive and collision coverage. The information below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data is based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are applied.

On average, comp and collision coverage costs $2,186 per year more than just insuring for liability. That is a big expense that brings up the question if buying full coverage is a waste of money. There is no written rule of when to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let's say your vehicle's settlement value is $11,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $10,000 after you pay the deductible. If it's costing you more than $1,000 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some scenarios where eliminating full coverage is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Types of discounts on Jacksonville insurance

Cheaper Jacksonville, FL car insurance for a CR-VCar insurance companies that offer cheap quotes for a Honda CR-V may also give you premium discounts that can reduce rates by 35% or more if you meet specific criteria. Popular car insurance companies and a summarized list of policyholder discounts are detailed below.

The example below shows the comparison of car insurance costs with and without discounts applied to the premium. The rates are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with defensive driving course, passive restraint, accident-free, safe-driver, multiple policy, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for a Honda CR-V is 28% or $494.

How to find budget-friendly car insurance for a Honda CR-V

Below you'll find a few money-saving solutions that can help Jacksonville drivers find more affordable coverage.

The last idea is extremely crucial, as we discussed in the prior information. Prices can change in a short period of time, so don't be tentative to buy from a different company if a cheaper rate is available.

Staying with the same car insurance company is fine, but it's not a great idea if that faithfulness ends up costing you hundreds of dollars a year. Take a few minutes and compare prices to find cheaper auto insurance for a Honda CR-V in Jacksonville.

If you have questions and prefer to have the advice of a professional agent when buying car insurance for a CR-V, the insurance agencies below can most likely help you make a decision which policy fits your needs best. To locate an agency close to you, click the button following the list or click here to compare rates now.

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