Finding the cheapest coverage for a Honda CR-V in Colorado is dependent upon a large number of rating criteria such as how far you commute, your credit history, and driving violations. Drivers pay around $1,005 a year to insure their CR-V, but that figure is a valuation calculated using a 40-year-old single male driver with full physical damage coverage and $250 deductibles.
More likely than not, you’re not a 40-year-old male, maybe you are married instead of single, and maybe you have sub-par credit that needs to be factored in. Having just a slight change in rating variables can make a big difference in rates.
The different assumptions illustrate why the best method for finding cheap car insurance rates for your Honda is to do your own rate comparisons.
Find Cheaper Honda CR-V Insurance
The trim level of your Honda tends to impact the cost of coverage, so the rate you will pay to insure a CR-V LX 2WD model will be $34 cheaper than the cost to insure the more well-appointed CR-V EX-L 4WD version, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $232 | $432 | $362 | $22 | $108 | $1,156 | $96 |
| CR-V EX 2WD | $232 | $432 | $362 | $22 | $108 | $1,156 | $96 |
| CR-V LX 4WD | $232 | $432 | $362 | $22 | $108 | $1,156 | $96 |
| CR-V EX 4WD | $266 | $432 | $362 | $22 | $108 | $1,190 | $99 |
| CR-V EX-L 2WD | $266 | $432 | $362 | $22 | $108 | $1,190 | $99 |
| CR-V EX-L 4WD | $266 | $432 | $362 | $22 | $108 | $1,190 | $99 |
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium costs do not factor in Denver location which can revise insurance rates substantially.
Locating budget auto insurance is confusing at best, and figuring out which company offers the cheapest auto insurance rates for a Honda CR-V will take a bit more work. Each insurance company has a different formula for setting rates, so first we will examine the lowest cost auto insurance companies in Colorado.
It’s a good idea to know that Denver, CO auto insurance rates are determined by lots of factors which can substantially decrease or increase the cost of a policy. Simply improving your credit, getting married, or getting a few speeding tickets can trigger rate changes that can cause some rates to be more affordable than competitors.
Cheap Insurance Rates for Your Honda
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $978 |
| 3 | USAA | $1,009 |
| 4 | Nationwide | $1,143 |
| 5 | GEICO | $1,152 |
| 6 | Travelers | $1,171 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,340 |
| 12 | Allied | $1,483 |
| 13 | California Casualty | $1,488 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,629 |
| 16 | MetLife | $1,866 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,657 |
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The Hartford may have some of the lowest car insurance rates in Denver at around $825 each year. Grange, USAA, Nationwide, and GEICO would also be considered some of the cheaper Denver, CO car insurance companies.
As shown in the table above, if you are insured with Nationwide and switched to Grange, you may see an annual savings of approximately $165. Customers with GEICO could save as much as $174 a year, and Travelers policyholders might reduce prices by as much as $193 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the companies below.
Bear in mind that those policy rates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific location for a Honda CR-V. So the company that can offer you the lowest price may not even be in the top 21 companies in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
Get discount Denver auto insurance
Insurance companies that provide coverage for a Honda CR-V may also offer price discounts that could potentially reduce rates by 30% or more if you meet specific criteria. Larger auto insurance companies and a partial list of their discounts include:
- AAA may include discounts for good driver, multi-car, good student, AAA membership discount, anti-theft, pay-in-full, and multi-policy.
- Progressive offers premium reductions for online quote discount, multi-policy, multi-vehicle, homeowner, good student, and online signing.
- State Farm policyholders can earn discounts including defensive driving training, Drive Safe & Save, multiple policy, good student, and Steer Clear safe driver discount.
- Esurance may offer discounts for claim free, emergency road assistance, good driver, DriveSense, multi-car, Pac-12 alumni, and online quote.
- Nationwide discounts include accident-free, good student, multi-policy, defensive driving, Farm Bureau membership, anti-theft, and business or organization.
The information below compares auto insurance costs with and without discounts applied. Data assumes a female driver, no claims or violations, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with accident-free, anti-theft, vehicle safety, defensive driving course, marriage, and passive restraint discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a Honda CR-V is 28% or $444.
Why are you paying too much for CR-V insurance?
Denver auto insurance rates are impacted by many things that will increase or decrease the price you have to pay for coverage. Improving your credit score, adding a teenager to your policy, or getting a few speeding tickets may prompt premium changes resulting in some rates now being affordable when they were higher priced. Not only may your situation change, but auto insurance companies change prices as often as every quarter to adjust for gains or losses. A period of increased losses may result in additional premium costs, while better underwriting may result in cheaper CR-V insurance rates.
To help illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Denver, CO for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. If we compare prices based on her personal profile, The Hartford may offer the cheapest car insurance rates in Denver at $1,113 each year. This is $465 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also included in the most affordable Denver, CO auto insurance companies.
The example below compares rates after we give the driver from the first example an accident surcharge, a lower credit rating, and a couple of points charged on her driving record. Since every insurance provider has their own unique process for determining rates, comparing quotes most likely will result in a new list of companies as shown below.
Auto-Owners now has the cheapest rate in Denver with State Farm, American Family, Progressive, and Amica now rounding out the top five. This demonstrates why Colorado drivers need to perform a complete rate comparison to find the best insurance rates for a Honda CR-V.
Insurance prices can be determined by many risk factors and change substantially, so the best price the last time you compared rates may now be one of the higher cost companies.