Buying cheaper auto insurance for a Honda CR-V in Virginia hinges on a large number of rating criteria such as how safe your vehicle is, if you have prior claims, and any prior driving offenses you have. Virginia drivers will pay on average $637 per year for CR-V insurance, but that is an approximation calculated based on a 30-year-old single female driver with full coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you aren’t exactly 30 years old or even a female, you might be married instead of single, or maybe you prefer to not insure for full coverage. Having even a minor difference in rating variables may result in a big change in the coverage rate.
This example demonstrates why the only real way to find the most affordable coverage for your Honda is to do a thorough rate comparison.
The specific trim level will most likely have an effect on the cost of coverage, so the price you will pay to insure a CR-V LX 2WD trim level will be $18 less than the price to insure the fancier CR-V EX-L 4WD trim level, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $118 | $214 | $296 | $18 | $88 | $734 | $61 |
| CR-V EX 2WD | $118 | $214 | $296 | $18 | $88 | $734 | $61 |
| CR-V LX 4WD | $118 | $214 | $296 | $18 | $88 | $734 | $61 |
| CR-V EX 4WD | $136 | $214 | $296 | $18 | $88 | $752 | $63 |
| CR-V EX-L 2WD | $136 | $214 | $296 | $18 | $88 | $752 | $63 |
| CR-V EX-L 4WD | $136 | $214 | $296 | $18 | $88 | $752 | $63 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in specific location information which can raise or lower rates substantially.
Shopping around for reasonably-priced insurance is not the easiest thing to do, and figuring out which company quotes the most affordable auto insurance rates for a Honda CR-V may require additional perseverance.
Every insurance provider uses a slightly different approach to set policy rates, so let’s take a look at the lowest cost auto insurance companies in Virginia Beach.
Find Cheaper Car Insurance for Your Honda
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $653 |
| 2 | USAA | $688 |
| 3 | Penn National | $718 |
| 4 | Cincinnati Insurance | $733 |
| 5 | Auto-Owners | $765 |
| 6 | Utica National | $788 |
| 7 | Erie | $804 |
| 8 | The Hartford | $809 |
| 9 | Virginia Farm Bureau | $810 |
| 10 | Donegal Mutual | $852 |
| 11 | Nationwide | $953 |
| 12 | ALFA | $988 |
| 13 | Allied | $992 |
| 14 | GEICO | $996 |
| 15 | National Grange Mutual | $1,060 |
| 16 | Chubb | $1,112 |
| 17 | State Farm | $1,132 |
| 18 | Electric | $1,180 |
| 19 | California Casualty | $1,239 |
| 20 | Amica | $1,241 |
| View More Rates Go | ||
Travelers may have some of the most affordable car insurance rates in Virginia Beach at around $653 per year. USAA, Penn National, Cincinnati Insurance, and Auto-Owners would also be considered some of the best Virginia Beach, VA car insurance companies.
As illustrated above, if you are a policyholder with Penn National and switched to Travelers, you might achieve an annual savings of in the vicinity of $65. Virginia drivers with Cincinnati Insurance may save as much as $80 a year, and Auto-Owners policyholders might see rate reductions of $112 a year.
Be aware that those rates are averages across all types of drivers and the different vehicles they drive and and are not figured with a vehicle location for a Honda CR-V. So the insurer that has the cheapest price for you may not even be in the top 30 companies shown above. That affirms the importance of why you need to get rate quotes using your own specific driver information and vehicle.
Difference between liability only and full coverage rates
Lowering the price of auto insurance should be important to most drivers, and one way to buy cheap insurance for a Honda CR-V is to not insure for full coverage. The information below illustrates the difference between insurance premiums when comparing full coverage to liability only. The premiums assume no accidents, no driving violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
If all age groups are averaged, physical damage coverage costs $1,245 per year more than buying just liability insurance. That brings up the question if you should buy full coverage at all. There is no clear-cut rule of when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $7,500 after paying your policy deductible. If it’s costing in excess of $750 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few situations where buying only liability insurance is not in your best interest. If you still have a loan 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 if your current one is totaled, you should not eliminate full coverage.
Accidents and violations increase rates
A great way to enjoy the best auto insurance premiums for a CR-V is to drive carefully and avoid accidents and traffic citations. The example below demonstrates how citations and fender-benders can influence yearly insurance costs for each age group. The premiums assume a married male driver, full coverage, $1,000 deductibles, and no discounts are factored in.
In the chart above, the average cost of car insurance in Virginia per year with no accidents and a clean driving record is $926. Get one speeding ticket and the average cost jumps to $1,065, an increase of $138 each year. Then add in one accident along with the one speeding ticket and the yearly cost of auto insurance for a Honda CR-V goes up to an average of $1,447. That’s an increase of $521, or $43 per month, just for a couple of infractions!
Get discount Virginia Beach insurance rates
Insurance providers that offer quotes for a Honda CR-V may provide premium discounts that could lower prices by 30% or more if you are eligible to receive them. Popular auto insurance companies and a partial list of their discounts are detailed below.
- State Farm has discounts for safe vehicle, multiple policy, Steer Clear safe driver discount, defensive driving training, good driver, Drive Safe & Save, and driver’s education.
- Progressive may offer discounts for homeowner, continuous coverage, good student, multi-vehicle, multi-policy, and online signing.
- Progressive offers discounts for good student, multi-policy, online quote discount, online signing, multi-vehicle, homeowner, and continuous coverage.
- MetLife offers premium reductions for good driver, good student, claim-free, defensive driver, and multi-policy.
- Farm Bureau has savings for renewal discount, safe driver, good student, multi-vehicle, and youthful driver.
- GEICO may have discounts that include federal employee, multi-policy, military active duty, good student, and air bags.
- SAFECO discounts include teen safe driver, anti-theft, bundle discounts, accident prevention training, anti-lock brakes, homeowner, and drive less.
The example below shows the difference between annual premium costs with and without discounts applied to the policy rates. The information is based on a male driver, no claims or driving violations, Virginia state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with claim-free, multiple vehicle, vehicle safety, safe-driver, marriage, and defensive driving course discounts applied. When these discounts are applied, theaverage amount saved on auto insurance for a Honda CR-V is 27% or $304.