Save Money on Honda CR-V Insurance in Los Angeles

Expensive car insurance in Los Angeles can take a big chunk out of your savings account and force you to cut corners elsewhere. Price shopping at each renewal is a smart way to make sure you’re not throwing money away.

Astonishing but true according to a recent study, nearly 70% of customers kept their policy with the same company for four years or more, and approximately 38% of consumers have never quoted rates to find affordable coverage. Many consumers in California could save an average of nearly $500 each year just by getting comparison quotes, but they assume it’s a waste of time to find affordable rates by getting comparison quotes.

Big-name insurance companies like GEICO, Farmers Insurance and State Farm persitently shower you with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and find the best price available.

You should take the time to shop coverage around yearly because car insurance rates trend upward over time. If you had the lowest rate on Honda CR-V insurance in Los Angeles at your last renewal you may be paying too much now. There are lots of tips to save on CR-V insurance online, but I’m going to show you some guaranteed methods to buy car insurance cheaper in Los Angeles.

When quoting insurance, remember that comparing a wide range of rates will enable you to find a lower rate. Not every company allows you to get Los Angeles CR-V insurance quotes over the internet, so you also need to get rates from those companies as well.

The providers in the list below are our best choices to provide price quotes in Los Angeles, CA. If multiple companies are shown, we recommend you visit two to three different companies in order to find the cheapest rates.

Discount Los Angeles insurance quotes

Car insurance is not cheap, but there may be some discounts that can dramatically reduce your bill. A few discounts will be applied when you complete an application, but some discounts are required to be requested specifically before you will receive the discount.

• Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and can earn a small discount on your policy.
• Government Employee Discount – Federal government employees may qualify for a discount when you quote Los Angeles auto insurance depending on your insurance provider.
• Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can qualify for discounts of up to 25% or more.
• Defensive Driving Course – Participating in a course teaching defensive driving skills is a good idea and can lower rates if your company offers it.
• Discount for Life Insurance – Some insurance companies give a discounted insurance rate on car insurance if you buy life insurance.
• College Student Discount – Any of your kids living away from Los Angeles attending college and do not have access to a covered vehicle could qualify for this discount.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% on medical payment and PIP coverage.
• Sign Online – A handful of companies will provide an incentive for buying your policy on the web.
• Multi-Vehicle Discounts – Buying coverage for all your vehicles with the same insurance company could earn a price break for each car.
• Senior Discount – If you qualify as a senior citizen, you can possibly qualify for a slight reduction on a Los Angeles auto insurance quote.

As a footnote on discounts, some credits don’t apply to the entire policy premium. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like you can get free auto insurance, it just doesn’t work that way.

The example below shows the comparison of Honda CR-V premium costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, homeowner, claim-free, marriage, and multi-policy discounts applied.

To find insurers with the best discounts in California, click here.

Facts and figures for Honda CR-V insurance

The premium table shown next showcases a range of rate quotes for Honda CR-V models. Learning how auto insurance policy rates are figured can be valuable when making informed decisions when shopping around for a new policy.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can modify premium rates considerably.

Where to set your deductibles

When shopping for insurance, a common question is what deductibles to buy. The figures shown below determine how much more you’ll pay between high and low physical damage coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in Los Angeles location which can decrease or increase auto insurance rates greatly.

Based on the figures above, using a $250 deductible costs roughly $27 more each month or $324 for a full year than quoting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 28 months between claims, you would more than likely save some money if you decide on a higher deductible.

How accidents and violations affect rates

The chart below highlights how speeding tickets and accident claims can raise Honda CR-V auto insurance rates for different age groups of insureds. The data is based on a married female driver, full coverage, $250 deductibles, and no discounts are factored in.

Difference between liability only and full coverage rates

The chart below illustrates the comparison of Honda CR-V insurance prices with full physical damage coverage compared to only buying liability only. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.

When to stop buying full coverage

There isn’t a written rule to delete full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Honda CR-V replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $3,000 after you pay the deductible. If you are currently paying more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Buying from insurance agents

Many drivers just prefer to visit with an insurance agent and we recommend doing that A good thing about comparing insurance prices online is you may find the best rates but also keep your business local. And buying from neighborhood insurance agencies is especially important in Los Angeles.

Once you complete this quick form, the quote information is submitted to local insurance agents in Los Angeles that can provide free Los Angeles auto insurance quotes for your insurance coverage. You won’t need to search for an agent because quoted prices will be sent directly to you. You can get cheaper insurance rates without the usual hassles of price shopping. If you have a need to compare prices from a specific insurance provider, just jump over to their website and submit a quote form there.

Los Angeles auto insurance agents are either independent or exclusive

When narrowing the list to find a reliable insurance agent, there are a couple of different types of agents and how they differ in how they can insure your vehicles. Insurance policy providers are categorized either exclusive or independent (non-exclusive).

Independent Agents (or Brokers)

Independent insurance agents are not locked into one company and that gives them the ability to insure through many companies depending on which coverage is best. If they quote lower rates, your agent can switch companies which is easy for the insured. If you need lower rates, you need to get insurance quotes from independent agents so that you have a good selection of quotes to compare.

Listed below is a short list of independent insurance agents in Los Angeles that may be able to give rate quotes.

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Exclusive Agents

Exclusive agencies normally can only provide a single company’s rates such as Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents receive extensive training in insurance sales which helps them sell on service rather than price.

Listed below are exclusive agencies in Los Angeles who can help you get comparison quotes.

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Deciding on an insurance agency requires more thought than just a low price. Any good agent in Los Angeles should know the answers to these questions.

• Do they reduce claim amounts on high mileage vehicles?
• Will they take your side in the event of a claim?
• Are they able to provide referrals?
• When do they do a full risk review?
• Do they offer claims assistance after hours?

Your car insurance coverage should be tailored to you

When buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that could help you determine whether your personal situation will benefit from professional help.

• I have health insurance so do I need medical payments coverage?
• Do I need roadside assistance coverage?
• Does my liability insurance cover pulling a trailer or camper?
• Should I waive the damage coverage when renting a car?
• Does my personal policy cover me when driving out-of-state?
• Am I getting all the discounts available?
• If my Honda CR-V is totaled, can I afford another vehicle?
• Are my tools covered if they get stolen from my vehicle?
• Why am I be forced to buy a membership to get insurance from some companies?
• Who does medical payments coverage extend to?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form.

Insurance Price Influencing Factors

Many factors are used in the calculation when you get a price on insurance. Some are obvious like your driving record, although some other factors are less obvious such as whether you are married or your vehicle rating. An important part of buying insurance is that you know the rating factors that play a part in calculating your premiums. If you understand what influences your rates, this enables informed choices that may reward you with cheaper rates.

Listed below are a few of the things car insurance companies consider when setting rates.

• Raise deductibles and save – The deductibles define the amount you are willing to pay if a claim is determined to be covered. 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 would be a windshield broken by a bird, fire damage, and damage caused by road hazards. The more you are required to pay out-of-pocket, the bigger discount you will receive.
• Save by driving less – The higher the mileage driven annually the more you’ll pay to insure it. Almost all companies calculate prices based on their usage. Cars that are left in the garage can get a lower rate than vehicles that are driven to work every day. Having the wrong rating on your CR-V is throwing money out the window. It’s a smart idea to ensure your car insurance policy shows the right rating data.
• High credit means lower costs – Having a good credit score can be a huge factor in determining what you pay. Insureds that have high credit ratings tend to be more responsible than drivers with poor credit. Therefore, if your credit score is not that good, you could be paying less to insure your Honda CR-V by improving your credit score.

• Gender matters – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that males are worse at driving than females. Males and females are in auto accidents at a similar rate, but men tend to have more serious accidents. Not only that, but men also get ticketed for serious violations such as reckless driving.

  The illustration below shows the comparison of Honda CR-V insurance premiums for male and female drivers. The premiums are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

• How your age affects prices – Youthful drivers in California are statistically proven to be more careless when driving and because of this, their car insurance rates are much higher. Parents adding a first-time driver onto your car insurance can be quite pricey. More mature drivers tend to be more responsible, cause fewer claims and accidents, and are generally more financially stable.

  The data below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Lower rates for married couples – Walking down the aisle helps lower the price on your car insurance bill. Having a spouse generally demonstrates drivers are less irresponsible and it’s statistically proven that married drivers tend to file fewer claims.

• Claims statistics for a Honda CR-V – Companies analyze past claim statistics as a way to help calculate a profitable premium rate. Models that statistically have a trend towards higher claim severity or frequency will have a higher premium rate.

  The data below shows the historical insurance loss data for Honda CR-V vehicles. For each policy coverage, the statistical loss for all vehicles compiled together is represented as 100. Values below 100 imply a favorable loss record, while values over 100 indicate frequent claims or an increased probability of a larger loss.

  
  

  Honda CR-V Insurance Claim 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	78

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three reasons insurance is important

Despite the potentially high cost of Honda CR-V insurance, buying insurance is required in California but it also protects you in many ways.

• Just about all states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance coverage in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your CR-V, it’s most likely the lender will require that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Honda at a significantly higher premium and force you to reimburse them much more than you were paying before.
• Insurance preserves both your Honda CR-V and your assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your Honda as the result of the weather or an accident, your policy will pay to repair the damage.

The benefits of buying enough insurance more than offset the price you pay, particularly when you have a large claim. Despite what companies tell you, the average driver is overpaying more than $700 annually so compare rates each time the policy renews to make sure the price is not too high.

Auto insurance savings summarized

Affordable Honda CR-V insurance in Los Angeles is definitely available on the web in addition to local insurance agencies, and you should compare rates from both to get a complete price analysis. Some insurance companies don’t offer price quotes online and many times these smaller companies work with independent insurance agents.

Consumers who switch companies do it for a variety of reasons including policy cancellation, high rates after DUI convictions, not issuing a premium refund and poor customer service. It doesn’t matter why you want to switch choosing a new company can be easier than you think.

We just presented some good ideas how to find lower-cost Honda CR-V insurance in Los Angeles. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may even discover the lowest prices are with some of the lesser-known companies.

Additional information is available below:

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• Auto Insurance for Teen Drivers (Insurance Information Institute)
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