Honda CR-V insurance cost image courtesy of QuoteInspector.com
Want to learn how to save money and find lower-priced Honda CR-V insurance in Miami? Have you finally had enough of sacrificing other expenses to pay your insurance bill each month? You're in the same situation as many other Florida drivers.
It's easy to assume that insurance companies want to keep you from comparing rates. Consumers who shop around for cheaper prices are very likely to switch companies because there is a high probability of getting low-cost coverage. A recent survey discovered that drivers who shopped around every year saved about $70 a month compared to policyholders who never compared other company's rates.
If finding budget-friendly rates on car insurance is your objective, then having a good understanding how to get rate quotes and compare coverage rates can make shopping around easier.
Steps to saving on Honda CR-V insurance in Miami
If saving money is your primary concern, then the best way to get more affordable Honda CR-V insurance in Miami is to start comparing prices yearly from different companies in Florida. This can be done by completing these steps.
Step 1: Spend some time learning about how companies price auto insurance and the changes you can make to prevent expensive coverage. Many policy risk factors that are responsible for high rates like multiple speeding tickets and poor credit history can be rectified by paying attention to minor details. This article gives more details to get better rates and find additional discounts.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple sources.
Step 3: Compare the new rate quotes to the price on your current policy to determine if you can save on CR-V insurance. If you can save some money and change companies, ensure coverage does not lapse between policies.
Step 4: Provide adequate notice to your current company to cancel your current auto insurance policy and submit payment along with a signed and completed policy application to the new insurer. As soon as you have the new policy, put the new certificate verifying coverage along with the vehicle's registration papers.
The key aspect of shopping around is to use the same liability limits and deductibles on every quote and and to analyze as many different insurance providers as possible. Doing this provides an apples-to-apples comparison and a thorough selection of prices.
Numerous auto insurance companies battle for your insurance dollar, and because of this it can be hard to compare insurers and get the best coverage at the lowest cost out there.
If you have insurance now or want to find a cheaper company, you can follow these tips to lower your rates and still have adequate protection. Finding the cheapest coverage in Miami seems hard but is not really that difficult. Consumers just need to use how to compare rate quotes from multiple carriers.
Most larger insurance companies allow consumers to get coverage prices online. Comparing Honda CR-V insurance rates online is quite simple as you just enter the coverage amounts you desire as detailed in the form. After you complete the form, the quote system sends out for information on your driving record and credit history and gives you a price quote based on these factors. Getting online quotes for Honda CR-V insurance in Miami makes comparing rates easy, and it's very important to compare as many rates as possible if you want to find the best rate possible.
To use this form to compare rates, compare rates now from the companies shown below. If you have coverage now, it's recommended you enter the coverage information as shown on your current policy. Doing this assures you will get a fair comparison for the exact same coverage.
The auto insurance companies shown below are our best choices to provide free rate quotes in Florida. To locate the best auto insurance in Miami, it's highly recommended you compare several of them to get a more complete price comparison.
Honda CR-V insurance coverage information
The rate table shown next outlines estimates of insurance coverage prices for Honda CR-V models. Learning more about how auto insurance prices are calculated can help customers make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$150||$290||$400||$24||$120||$984||$82|
|CR-V EX 2WD||$150||$290||$400||$24||$120||$984||$82|
|CR-V LX 4WD||$150||$290||$400||$24||$120||$984||$82|
|CR-V EX 4WD||$172||$290||$400||$24||$120||$1,006||$84|
|CR-V EX-L 2WD||$172||$290||$400||$24||$120||$1,006||$84|
|CR-V EX-L 4WD||$172||$290||$400||$24||$120||$1,006||$84|
|Get Your Own Custom Quote Go|
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can raise or lower coverage rates significantly.
Cost comparison with and without full coverage
The information below illustrates the difference between Honda CR-V auto insurance costs with and without full coverage. The premiums are based on no violations or accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.
When to drop full coverage
There is no clear-cut rule for eliminating comprehensive and collision coverage on your policy, 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 minus the deductible, then you might want to consider buying only liability coverage.
For example, let's say your Honda CR-V settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after the deductible is paid. If premium cost is more than $700 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Car insurance just makes sense
Even though it's not necessarily cheap to insure a Honda in Miami, car insurance is mandatory in Florida but it also protects more than you think.
First, almost all states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a lienholder, it's guaranteed your bank will have a requirement that you carry insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank will be required to insure your Honda at a more expensive rate and force you to pay much more than you were paying before.
Third, car insurance preserves not only your Honda but also your assets. It will also provide coverage for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of buying enough insurance more than cancel out the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver is currently overpaying as much as $850 per year so it's important to compare rates at every renewal to save money.
How Your CR-V Insurance Premiums are Determined
Many things are part of the equation when quoting car insurance. Some are obvious like a motor vehicle report, but others are not as apparent such as your marital status or your commute time. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that help calculate the price you pay for auto insurance. If you have a feel for what influences your rates, this allows you to make good choices that may reward you with lower rates.
The items below are most of the major factors used by your company to calculate premiums.
Driving citations mean higher rates - Whether or not you get tickets has a big impact on rates. Even one speeding ticket or other violation may cause rates to rise by as much as twenty percent. Attentive drivers get better rates than bad drivers. Drivers who have received severe violations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to legally drive a vehicle.
The chart below highlights how traffic violations and at-fault fender-benders can raise Honda CR-V insurance prices for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
- Liability claims can be big - Your auto insurance policy's liability coverage will afford coverage when you are ruled to be at fault for causing damage or personal injury in an accident. Your liability coverage provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
Men drivers tend to cost more - Over time, data shows women are more cautious behind the wheel. That doesn't necessarily mean that men are worse drivers. They both cause accidents at about the same rate, but men have costlier accidents. They also have more aggressive citations such as reckless driving. Teenage male drivers are several times more likely to be in an accident so it costs more to insure them.
The example below illustrates the comparison of Honda CR-V yearly insurance costs for male and female drivers. The rates are based on no violations or accidents, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.
- Pay more of a claim out-of-pocket - The deductibles you choose tell how much you are willing to pay if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of covered claims are colliding with a stationary object, fire damage, and damage caused by road hazards. The larger the amount you have to pay, the less money you will pay for auto insurance.
Honda CR-V insurance loss statistics - Companies study historical loss data to determine a rate that will be profitable for them. Vehicles that historically have higher losses will have a higher cost to insure.
The table below demonstrates the insurance loss data for Honda CR-V vehicles. For each type of coverage, the statistical loss for all vehicles, as an average, is represented as 100. Percentage numbers below 100 suggest losses that are better than average, while percentage values above 100 point to more claims or tendency to have higher losses.
Honda CR-V Insurance Loss Statistics Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda CR-V 4dr 2WD 68 81 58 93 86 77 Honda CR-V 4dr 4WD 69 82 69 90 87 78BETTERAVERAGEWORSE
Statistics from IIHS.org for 2013-2015 Model Years
Cheap Miami auto insurance quotes with discounts
Some providers do not advertise all possible discounts in an easy-to-find place, so the next list breaks down both well-publicized and also the more inconspicuous credits available to lower your premiums when you buy Miami car insurance online. If you aren't receiving every discount possible, you are not getting the best rate possible.
- Renewal Discounts - Some auto insurance companies provide a discount for buying a policy prior to the expiration date on your current CR-V insurance policy. You can save around 10% with this discount.
- Club Memberships - Being a member of certain professional organizations could qualify you for a break on your bill.
- Use Seat Belts - Buckling up and requiring all passengers to buckle up can save 10% or more on medical payment and PIP coverage.
- Military Deployment Discount - Being deployed in the military could qualify you for better prices.
- E-sign Discounts - A handful of auto insurance companies will provide an incentive for buying your policy on the web.
Please keep in mind that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all those discounts means the company will pay you, it just doesn't work that way.
The chart below shows the difference between Honda CR-V car insurance costs with and without discounts applied. Data assumes a male driver, no claims, a clean driving record, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, safe-driver, multi-policy, and marriage discounts applied.
A list of auto insurance companies and their offered discounts are shown below.
- State Farm may offer discounts for passive restraint, good student, accident-free, Steer Clear safe driver discount, defensive driving training, and student away at school.
- Farmers Insurance offers premium reductions for good student, pay in full, alternative fuel, teen driver, youthful driver, and early shopping.
- GEICO may have discounts that include anti-theft, good student, driver training, seat belt use, multi-policy, and federal employee.
- American Family includes discounts for early bird, TimeAway discount, bundled insurance, good driver, and defensive driver.
- Nationwide has savings for anti-theft, good student, defensive driving, multi-policy, business or organization, and accident-free.
- Progressive offers discounts including good student, multi-policy, multi-vehicle, online quote discount, and homeowner.
It's a good idea to ask every company which discounts they offer. Savings may not apply to policies in Miami. For a list of providers that offer many of these discounts in Miami, click here.
Buying from auto insurance agents
A lot of people would prefer to talk to an insurance agent and we recommend doing that Professional insurance agents will help you protect your assets and help in the event of a claim. The best thing about comparing rate quotes online is you can get cheap car insurance rates and still buy from a local agent. And supporting local insurance agencies is important especially in Miami.
To help locate an agent, after submitting this simple form, your information is submitted to participating agents in Miami that give free quotes and help you find cheaper coverage. There is no reason to even leave your home since price quotes are sent to your email. If you wish to quote rates from a specific company, you can always go to their quote page and complete a quote there.
If you are wanting to purchase car insurance from a reputable agency, it can be helpful to understand the types of insurance agents that you can choose from. Car insurance agents in Miami are classified as either independent agents or exclusive agents depending on their employer. Either can sell and service car insurance coverage, but it's important to point out the difference between them since it can impact the kind of agent you use.
Independent Car Insurance Agencies or Brokers
Agents that choose to be independent do not write with just one company so they have the ability to put coverage through many different car insurance companies and find the cheapest rate. If premiums increase, the business is moved internally and you won't have to switch agencies.
When searching for an agent, it's recommended you get quotes from at least one independent agent for the best price selection.
Featured below is a short list of independent insurance agents in Miami that may be able to give you free price quotes.
Exclusive Car Insurance Agencies
Agents of this type can only write with one company like Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so keep that in mind. These agents are trained well on their company's products which aids in selling service over price.
Below are Miami exclusive agents willing to provide price quote information.
Rick Gonzalez - State Farm Insurance Agent
8830 Coral Way - Miami, FL 33165 - (305) 226-3412 - View Map
Selecting an auto insurance agent requires more thought than just the premium amount. Here are some questions you might want to ask.
- What company do they have the most business with?
- Is there a local claims center in Miami?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Are they properly licensed to sell insurance in Florida?
- Do you qualify for any additional discounts?
- Do they offer claims assistance after hours?
- Where would glass claims be handled in Miami?
Upon getting acceptable answers to all your questions and affordable Honda CR-V insurance rates in Miami quotes, you've probably found a car insurance agent that can be relied on to service your policy.
Car insurance company ratings
Insuring your vehicle with a high-quality insurance company is difficult considering how many different companies there are to choose from in Miami. The rank data displayed below may help you analyze which car insurance companies to look at when comparing rate quotes.
Top 10 Miami Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Miami Car Insurance Companies by A.M. Best Rank
- Travelers - A++
- USAA - A++
- GEICO - A++
- State Farm - A++
- Titan Insurance - A+
- Esurance - A+
- Progressive - A+
- The Hartford - A+
- Allstate - A+
- Nationwide - A+
Quote more to save more
We just presented a lot of techniques to shop for Honda CR-V insurance online. The key thing to remember is the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the lowest priced insurance comes from the smaller companies. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like Progressive or GEICO.
Some insurance companies don't offer the ability to get a quote online and usually these regional insurance providers only sell through independent insurance agencies. Discount Honda CR-V insurance is available from both online companies as well as from independent agents in Miami, so you need to compare both in order to have the best price selection to choose from.
When buying insurance coverage, you should never sacrifice coverage to reduce premiums. Too many times, an insured dropped liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
Steps to saving money on Honda CR-V insurance in Miami
The best way we recommend to get low-cost Honda CR-V insurance is to make a habit of regularly comparing prices from insurance carriers who sell insurance in Miami.
- Try to comprehend what is in your policy and the factors you can control to prevent expensive coverage. Many factors that cause rate increases such as traffic violations and a negative credit history can be remedied by making minor driving habit or lifestyle changes.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agents can quote prices from multiple companies. View prices
- Compare the quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
- Notify your company or agent to cancel your current policy and submit a down payment along with a completed application to your new insurance company. Immediately place the new proof of insurance certificate in an accessible location in your vehicle.
One important bit of advice is to try to use identical limits and deductibles on each price quote and and to get price estimates from every company you can. Doing this enables an apples-to-apples comparison and the best price quote selection.
For more information, feel free to browse the following helpful articles:
- Safe Vehicles for Teens (iihs.org)
- Who Has the Cheapest Car Insurance Rates for Drivers with Good Credit in Miami? (FAQ)
- How Much is Miami Car Insurance for Teenage Males? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Nissan Altima in Miami? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Vehicle Safety Ratings (iihs.org)
- Help Your Teen Be a Better Driver (State Farm)
- Teen Driver Statistics (Insurance Information Institute)