Cheap Honda CR-V Insurance in Denver

Locating lower priced Denver Honda CR-V insurance quotes may seem to be intimidating for beginners to comparing rates on the web. With dozens of online companies available, how are consumers expected to have a chance to compare every company to locate the lowest price available?

Surprisingly, a recent survey revealed that the vast majority of consumers kept buying from the same company for a minimum of four years, and roughly 40% of drivers have never shopped around. Colorado insurance shoppers could save an average of nearly $605 each year just by getting comparison quotes, but they feel it’s too difficult to compare rate quotes.

You need to compare prices quite often because car insurance rates change frequently. Just because you had the best premium rates on Honda CR-V insurance in Denver two years ago the chances are good that you can find a lower price today. Ignore everything you know about car insurance because you’re about to find out the best way to reduce your cost while improving coverage.

If you currently have auto insurance, you stand a good chance to be able to cut your premiums using the ideas presented in this article. Finding quotes for affordable protection in Denver can be fairly easy. But Colorado consumers must comprehend the way companies calculate your auto insurance rates.

Companies offering low-cost Honda CR-V price quotes in Denver, CO

The car insurance companies shown below are ready to provide price quotes in Denver, CO. If multiple companies are listed, we suggest you visit as many as you can to get the best price comparison.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in garaging location in Denver which can decrease or increase insurance rates significantly.

Impact of violations and accidents on rates in Denver

The example below illustrates how traffic citations and fender-benders can raise Honda CR-V auto insurance costs for each age group. The prices are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The rates below sum up the rate fluctuation when you choose different deductibles. The first table uses a $250 physical damage deductible and the second price grid uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in your specific Denver location which can raise or lower coverage prices substantially.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $12 more each month or $144 annually than opting for the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have more than 21 months between claim filings, you would come out ahead by selecting a higher deductible.

How much more does full coverage cost in Denver?

The chart below shows the comparison of Honda CR-V insurance rates with and without physical damage coverage. The rate quotes are based on no tickets, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are applied.

When to switch to liability coverage only

There is no written rule for eliminating physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Honda CR-V claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the policy deductible has been paid. If it’s costing you more than $700 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some situations where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Take policy discounts and save on Honda CR-V insurance in Denver

Insurance is easily one of your largest bills, but you might be missing out on some discounts that can drop the cost substantially. Larger premium reductions will be automatically applied at the time you complete a quote, but a few need to be requested specifically before you get the savings.

• Onboard Data Collection – Drivers that enable driving data submission to study driving patterns by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as the data is positive.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may get savings of 20 to 30 percent.
• Resident Student – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.
• Accident Forgiveness – This isn’t a discount exactly, but companies like Progressive, Allstate, and Liberty Mutual may permit one accident without the usual rate increase as long as you don’t have any claims for a certain period of time.
• Savings for New Vehicles – Insuring a vehicle that is new can save you some money since new model year vehicles are generally safer.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

Large insurance companies and a summarized list of policyholder discounts are detailed below.

• GEICO offers discounts including membership and employees, defensive driver, anti-lock brakes, five-year accident-free, and seat belt use.
• MetLife offers premium reductions for claim-free, good student, accident-free, good driver, and defensive driver.
• Progressive may include discounts for online signing, multi-policy, good student, homeowner, and online quote discount.
• Travelers may have discounts that include new car, payment discounts, save driver, student away at school, and multi-car.
• SAFECO includes discounts for homeowner, anti-lock brakes, teen safety rewards, drive less, multi-car, and teen safe driver.
• AAA policyholders can earn discounts including good driver, anti-theft, multi-car, good student, education and occupation, and pay-in-full.

Before purchasing a policy, check with each company what discounts are available to you. Some discounts listed above might not be offered in Denver. To see companies with the best Honda CR-V insurance discounts in Denver, click here.

Tailor your car insurance coverage to you

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Your needs are unique to you so your insurance needs to address that. For instance, these questions might help in determining whether your personal situation would benefit from professional advice.

• Is my camper covered for physical damage?
• Is there a penalty for late payment?
• Why am I required to buy liability insurance?
• Will I lose any money if I cancel my policy before it expires?
• Does every company file a SR-22 automatically?
• Should I buy more coverage than the required Colorado minimum liability coverage?
• What states are considered no-fault?
• What is glass protection for?
• Are there any extra discounts I can get?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Get rate quotes but buy from a local Denver insurance agent

A lot of people still prefer to go talk to an agent and that is a smart decision A nice benefit of comparing insurance prices online is that you can obtain cheap insurance quotes but still work with a licensed agent. Supporting local agents is especially important in Denver.

By using this quick form, your information is sent to participating agents in Denver who will give competitive quotes for your insurance coverage. You won’t even need to leave your house because quoted prices will be sent to you. You can get cheaper insurance rates without having to waste a lot of time. In the event you want to compare prices for a specific company, just go to their quote page and submit a quote form there.

Finding the right provider requires more thought than just a cheap quote. A good agent in Denver will have answers to these questions.

• Do they carry Errors and Omissions coverage?
• Can they help ensure a fair claim settlement?
• Will a damage claim use OEM or aftermarket replacement parts?
• What are their preferred companies if they are an independent agency?
• What company holds the largest book of business for them?
• How much will you save each year by using a higher deductible?
• Will one accident increase rates?

Shop smart and save

You just learned some good ideas how to save on Honda CR-V insurance in Denver. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding cheaper Denver auto insurance quotes. You may even find the best prices are with a small mutual company. These companies can often provide lower rates in certain areas compared to the large companies like Allstate or State Farm.

When searching for inexpensive Denver auto insurance quotes, never reduce coverage to reduce premium. There have been many situations where drivers have reduced liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.

To read more, feel free to browse the resources below:

• Winter Driving (Insurance Information Institute)
• Who Has the Cheapest Car Insurance Quotes for Police Officers in Denver? (FAQ)
• Who Has Cheap Auto Insurance Rates for High Mileage Drivers in Denver? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Veterans in Denver? (FAQ)
• Who Has Affordable Denver Auto Insurance for a Honda Civic? (FAQ)
• Who Has Affordable Denver Auto Insurance Rates for a Ford Explorer? (FAQ)
• State Laws for Cellphones and Texting (iihs.org)
• Rollover Crash FAQ (iihs.org)
• Safety Features for Your New Car (State Farm)
• Vehicle Safety Ratings (iihs.org)