The car, truck, or SUV that needs insurance is a large factor when comparing low-cost insurance for a Honda CR-V. Vehicles with reasonable performance levels, advanced safety features, or low incidents of liability claims will cost much less to insure than higher performance models. The list below presents car insurance costs for the most cost-effective vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Edge SE 2WD||$2,618|
|Dodge Grand Caravan SE||$2,671|
|Toyota Tacoma 4WD||$2,677|
|Honda Accord LX 4-Dr Sedan||$2,723|
|Ford Escape XLT 2WD||$2,728|
|Toyota RAV4 2WD||$2,818|
|Chevrolet Malibu LT||$2,874|
|Hyundai Elantra SE 4-Dr Sedan||$2,965|
|Honda Odyssey EX-L W/Navigation||$2,975|
|Honda CR-V EX 4WD||$2,986|
|Hyundai Sonata GLS 4-Dr Sedan||$3,017|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$3,021|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices noticeably.
Based on these rates, we can assume that makes and models like the Ford Edge, Dodge Grand Caravan, Toyota Tacoma, Honda Accord, and Ford Escape will be the less-costly vehicles to insure for a CR-V.
For a CR-V, one of the more important things that aid in calculating the cost of insurance is where you choose to live. Regions with larger populations or more claims tend to have higher rates, whereas areas with less congestion have the luxury of lower rates.
The illustration below lists the most costly cities in Nevada for a Honda CR-V to purchase car insurance in. Las Vegas is ranked #7 with the yearly price of $1,873 on average, which is approximately $156 per month.
|6||North Las Vegas||$1,882|
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Premium amounts are approximated as specific location information can decrease or increase prices greatly.
Deciphering which company has the most affordable insurance rates for a Honda CR-V will take more time than just comparing rates from one or two companies. Every insurance provider has a different process for determining prices, so we’ll take a look at the insurance companies with the most affordable rates in Nevada.
It’s a good idea to know that Nevada insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply getting older, moving across town, or having a fender bender may prompt premium changes that may make certain companies more affordable than the competition.
Cheapest Insurance Rates for Your Honda
|Rank||Company||Cost Per Year|
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Allied has some of the best car insurance rates in Las Vegas at around $911 per year. This is $663 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive would also be considered some of the most economical Las Vegas, NV auto insurance companies.
As shown above, if you buy coverage from Travelers and switched to Allied, you could earn an annual premium reduction of in the neighborhood of $1. Policyholders with Capital might save as much as $97 a year, and Oregon Mutual customers might lower prices by up to $282 a year.
To see how much you can save, click here to get quotes or feel free to get quotes from the companies below.
Understand that those premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with an exact zip code location for a Honda CR-V. So the company that can offer you the best price may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.
Discount Las Vegas auto insurance
Insurance companies that offer cheap quotes for a Honda CR-V may also provide special discounts that can reduce rates by as much as 25% or more if you meet specific criteria. Large insurance companies and a selection of discounts can be read below.
- GEICO may have discounts that include daytime running lights, good student, federal employee, military active duty, and anti-theft.
- MetLife includes discounts for multi-policy, good student, defensive driver, accident-free, and claim-free.
- Progressive offers discounts for good student, homeowner, multi-policy, multi-vehicle, online quote discount, and continuous coverage.
- Travelers may offer discounts for student away at school, save driver, hybrid/electric vehicle, good student, and payment discounts.
- SAFECO policyholders can earn discounts including anti-theft, multi-car, drive less, homeowner, and safe driver.
- AAA offers discounts including anti-theft, multi-car, good student, education and occupation, good driver, pay-in-full, and AAA membership discount.
The diagram below visualizes the comparison of auto insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no violations or accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, defensive driving course, passive restraint, vehicle safety, homeowner, and multiple policy discounts applied. When taking advantage of discounts, the average savings per year on insurance for a Honda CR-V is 28% or $343.
Ending up with a good quality auto insurance provider is hard considering how many companies are available to choose from in Las Vegas. The rank data listed below can help you analyze which providers to look at when comparing insurance rates for a Honda CR-V. These rankings only include companies who write in the majority of U.S. states, so companies that have a smaller presence will not be included in the list.
Top 10 Major Auto Insurers in Las Vegas Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Major Auto Insurers in Las Vegas Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
Cost of full coverage in Las Vegas
Reducing the cost of insurance is the goal of most vehicle owners, and one of the fastest ways to find cheaper insurance for a Honda CR-V is to buy only liability coverage. The information below compares car insurance costs when comparing full coverage to liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.
If the expense is averaged for all age categories, comp and collision coverage costs an extra $1,297 per year over and above liability only. That is a significant amount which raises the question if you should buy full coverage at all. There is no definitive formula to eliminate comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
There are some situations where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Why you should be comparing rates
Nevada insurance rates are impacted by many factors that can increase the price you have to pay. Simply having another birthday, buying a home instead of renting, or getting into an accident can cause premium changes that can now make some companies much cheaper than others. Not only may things change on your end, but companies change premium rates without warning in order to remain profitable. An extended period of higher than normal claims can result in high rates, while profitable underwriting can cause lower-priced Las Vegas car insurance rates.
For example, the chart below analyzes the cheapest car insurance in Las Vegas, NV for a 40-year-old female driver with no prior accidents, a clean driving record, and excellent credit. When comparing rates based on her personal risk profile, Allied might quote the most affordable car insurance rates in Las Vegas at $1,595 per year. This is $21 more than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family are also on the list of the cheapest Las Vegas, NV auto insurance companies.
Let’s now give the driver from the above example an at-fault accident, a lower credit score, and a few traffic violations. Since every car insurance company has a unique approach to determining premium rates, getting updated rate quotes could result in a different ranking of affordable companies as shown below.
Progressive now has the best car insurance rate in Las Vegas with Travelers, Nationwide, Safeco, and USAA completing the list. This example proves why it is important to take the time to shop around when trying to get the lowest insurance rates for a Honda CR-V.
Auto insurance prices are influenced by many risk factors and can change without notice, so the cheapest rate the last time you compared rates may now be one of the higher cost companies.