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Who Has the Cheapest Insurance for a Honda CR-V in Connecticut?

Enter your Connecticut zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 13, 2019

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Your odds of finding the best cheap auto insurance for a Honda CR-V in Connecticut hinges on a large number of rating criteria such as if you are a renter or homeowner, if you have maintained coverage continuously, and any past driving violations you may have had. Drivers pay an average of $760 every 12 months to buy insurance for a Honda CR-V, but that figure is a projection using rate data for a 40-year-old married female that included comprehensive and collision coverage and $500 physical damage deductibles.

There is a high likelihood that you are not 40 years old and maybe not even female, maybe you are single instead of married, or maybe you have a teenager that needs to be on your policy. Having even a minor difference in the rating input factors could result in a significant change in rate quotes.

Auto insurance rates are unique for each driver, so the best way to quote cheap insurance prices for your Honda is to just take the time to compare rates yourself.

Enter your zip code below to view companies that have cheap auto insurance rates.

The trim level of your vehicle tends to impact the annual cost of coverage, so the price you pay to insure a CR-V LX 2WD trim level will be $24 less expensive the price to insure the more well-appointed CR-V EX-L 4WD trim level, as shown in the chart below.

Honda CR-V Insurance Rates in Connecticut
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $162 $292 $308 $18 $92 $872 $73
CR-V EX 2WD $162 $292 $308 $18 $92 $872 $73
CR-V LX 4WD $162 $292 $308 $18 $92 $872 $73
CR-V EX 4WD $186 $292 $308 $18 $92 $896 $75
CR-V EX-L 2WD $186 $292 $308 $18 $92 $896 $75
CR-V EX-L 4WD $186 $292 $308 $18 $92 $896 $75
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in garaging location in Connecticut which can affect premium rates significantly.

Establishing which company offers the cheapest auto insurance rates for a Honda CR-V will take a tad more effort in order to find the most economical policy. Every insurance company has a unique approach for setting prices, so we’ll go over the overall cheapest auto insurance companies in Connecticut.

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It’s important that you understand Connecticut auto insurance rates are based on many factors that will increase or decrease the price you pay for coverage. Getting older, buying a new vehicle, or getting a couple of tickets may prompt premium changes that can cause some rates to be cheaper in comparison to the competition.

Enter your zip code below to view companies that have cheap auto insurance rates.

Utica National normally has some of the most affordable car insurance rates in Connecticut at around $965 annually. Travelers, USAA, Amica, and Nationwide would also make the list of some of the most economical Connecticut insurance companies.

As illustrated above, if you are a customer of Amica and switched to Utica National, you might realize yearly savings of about $279. Insureds with Nationwide could save as much as $460 a year, and MetLife customers might reduce prices by as much as $599 a year.

Understand that those policy rates are averages for all drivers and vehicles in Connecticut and and are not calculated with a specific rating modification for a Honda CR-V. So the car insurance company that fits your situation best may not even be featured in the list above. That’s why you need to get quotes using your own driver information and specific vehicle type.

Enter your zip code below to view companies that have cheap auto insurance rates.

The example below demonstrates how choosing different deductibles can increase or decrease insurance costs when quoting cheap insurance for a Honda CR-V. The prices are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

In the chart above, a 30-year-old driver could pocket $286 a year by changing from a $100 deductible to a $500 deductible, or save $434 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old, could shave up to $614 or more by using higher deductibles when buying full coverage. When raising deductibles, it is essential to have enough savings to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Do you need full coverage?

Finding the cheapest insurance for a Honda CR-V in Connecticut is probably important to the majority of vehicle owners, and one of the easiest ways to buy cheap insurance is to only buy liability insurance. The illustration below illustrates the comparison of auto insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no claims or violations, $500 deductibles, single marital status, and no other discounts are factored in.

If we average the cost for ages 20 through 70, physical damage coverage costs $1,626 per year over liability only. A very common question is if physical damage coverage is worth the money. There is no specific rule to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s replacement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $7,500 after the policy deductible has been paid. If it’s costing in excess of $750 a year for full coverage, then you might want to think about dropping full coverage.

There are some cases where only buying liability is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Chances are good that you’re overpaying for CR-V insurance

Connecticut auto insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. Getting older, buying another vehicle, or having a fender bender may generate price changes resulting in some companies being cheaper than others. In addition to those changes, car insurance companies change rates as needed in order to be able to pay unexpected claims. An extended period of higher than normal claims may result in additional premium costs, while a better claims history can result in lower-cost CR-V insurance rates.

The chart below shows which companies have the cheapest car insurance in Connecticut for a 40-year-old male driver with a good driving record, no prior claims, and good credit. When quoting prices based on his personal profile, Utica National offers the most affordable car insurance rates in Connecticut at $1,005 per year. This is $983 less than the average rate paid by Connecticut drivers of $1,988. Travelers, Amica, USAA, and Nationwide are also on the list of the cheapest Connecticut auto insurance companies.

In this next rate comparison, we will give the driver from the above example an accident claim, less-than-perfect credit, and a couple of points charged on his driving record. Since each auto insurance company has their own formula for determining rates, analyzing rates may now result in a substantially altered list of the cheapest Connecticut car insurance companies as shown below.

MetLife now has the cheapest car insurance in Connecticut with State Farm, General Casualty, Amica, and Travelers also having competitive pricing. This shows why consumers need to shop around with many companies when trying to find the best auto insurance quotes for a Honda CR-V.

Car insurance prices are made up of many things and can change substantially, so the best price the last time you shopped around may now be quite expensive.

How to find the cheapest insurance for a Honda CR-V in Connecticut

The list below details many thrifty suggestions that can help you locate the cheapest coverage.

  • Buy a car with high safety ratings
  • Older vehicles may not need full coverage
  • Bundle home and auto and save
  • Improve your credit score
  • If possible, pay for small claims out-of-pocket
  • Raise comprehensive and collision coverage deductibles
  • Compare rates once a year for cheaper prices

The last item on the list is very important, as we hit on in the article above. Insurance rates in Connecticut can change significantly in a year, so don’t be unwilling to buy a different policy if a better deal can be had.

Loyalty to a specific company is fine, but it’s not a great idea if that loyalty ends up costing a fortune every year. It only takes a couple minutes to shop around and find cheaper car insurance for a Honda CR-V.

Cheap Honda CR-V insurance quotes

Drivers have a lot of different ways to get cheap auto insurance quotes in Connecticut, but the most prevalent ways are from an exlusive agent such as State Farm or Auto-Owners, an independent agent, or from a direct company like Geico or Progressive.

They all have the same end result, but it’s important to understand the differences in how they give price quotes.

Independent agencies have contracts with multiple insurance companies and can get rate quotes from every one. These agents can provide you with more rate quotes, which can help you get improved odds of finding cheaper coverage. If prices rise, they simply move the coverage in-house and you won’t have to switch agencies.

Exclusive agents are contracted to one insurance company, two examples are Liberty Mutual and Allstate agents. Exclusive agents normally do not have the ability to place coverage with different providers, which does not give you the best rate comparison.

Consumers who buy auto insurance direct skip an exlusive or independent agent and instead shop from a direct company like Esurance. Shopping direct may be a decent choice drivers who do not need advice for risk management and have an above average understanding of the exclusions of a policy.

So which of the methods works best to find the cheapest insurance for a Honda CR-V in Connecticut? We’d like to say shopping direct yields the cheapest rates since there is no need to pay agent commissions, but unfortunately, it’s not that cut and dried. A good argument could also be made that buying auto insurance from an independent agent can save the most money because you have more choices, but that assumption is also not necessarily accurate. And occasionally, exclusive agencies may have prices that are well below what direct and independents offer.

Since auto insurance companies use so many rating factors, the only real way to ensure you are not overpaying is to get as many comparison quotes as possible. It’s recommended that drivers get quotes from all three to get a good idea who is cheapest. For a list of companies with cheap rates in Connecticut, click here to view.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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