What Auto Insurance is Cheapest for a Honda CR-V in Indianapolis?

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Buying the best cheap car insurance for a Honda CR-V in Indiana is dependent upon a fairly complex equation with a lot of factors such as annual miles driven, if you have a tendency to file claims, and your policy deductibles. Indiana drivers will pay around $547 each year for CR-V insurance, but that is a projection calculated using a 30-year-old married female driver with full physical damage coverage and $1,000 deductibles.

It's more than likely you may not be 30 years old (or even female), single instead of married, or maybe you prefer liability limits higher than required by Indiana state law. There is no perfect policy for every driver, so the only real way to find affordable rates for your Honda is to do the rate comparisons yourself.

Find Cheaper Honda CR-V Insurance

The trim level of your vehicle can impact the cost of insurance, so the price you will pay to insure a CR-V LX 2WD model will be $16 lower than the cost to insure the more well-appointed CR-V EX-L 4WD model, as shown by the rates below.

Honda CR-V Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $114 $186 $244 $14 $72 $630 $53
CR-V EX 2WD $114 $186 $244 $14 $72 $630 $53
CR-V LX 4WD $114 $186 $244 $14 $72 $630 $53
CR-V EX 4WD $130 $186 $244 $14 $72 $646 $54
CR-V EX-L 2WD $130 $186 $244 $14 $72 $646 $54
CR-V EX-L 4WD $130 $186 $244 $14 $72 $646 $54
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Information does not factor in vehicle location which can affect price quotes considerably.

Buying coverage from a good quality car insurance provider is difficult considering how many companies there are in Indiana. The company rank data shown next could help you analyze which auto insurers to look at shopping prices with. These ratings are only comprised of companies with a nationwide focus, so companies that may only write in Indiana are not factored into the list.

Top 10 Large Auto Insurers in Indianapolis Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top 10 Large Auto Insurers in Indianapolis Ranked by Customer Service

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Titan Insurance
  6. Travelers
  7. Liberty Mutual
  8. GEICO
  9. Erie Insurance
  10. Allstate

Cost comparison with and without full coverage

Paying a lower price for auto insurance is important to the majority of vehicle owners, and an effective way to find cheap insurance for a Honda CR-V is to only buy liability insurance. The diagram below shows the difference between yearly insurance costs with full coverage and liability only. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are factored in.

If averaged out across all ages, full coverage on your policy costs $1,652 per year over and above liability coverage. That is a big expense that brings up the question if physical damage coverage is worth the money. There is no specific rule of when to phase out physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

The illustration below demonstrates how choosing different deductibles can influence insurance prices when searching for cheap insurance for a Honda CR-V. The rates are based on a single male driver, full coverage, and no additional discounts are factored in.

A 50-year-old driver could lower rates by $240 a year by increasing from a $100 deductible up to a $500 deductible, or save $366 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could potentially save as much as $780 or more just by choosing higher deductibles. If you make the decision to raise deductibles, it will now be necessary to have enough savings to be able to pay the extra out-of-pocket expense that comes with higher deductibles.

If you like to have some professional guidance when shopping for the best coverage for a Honda CR-V, the agencies below can answer your questions and help you decide which auto insurance policy would work best for you. To locate an Indianapolis insurance agent by location nearest to you, click the link after the list or click here to compare rates now.

View more Indianapolis, IN insurance agents

How to find budget-friendly insurance for a Honda CR-V

It is possible to find better rates, and here are some money-saving ideas that can help Indianapolis drivers quote cheap car insurance.

The last item on the list is extremely crucial, as was discussed in this write-up. Prices charged by car insurance companies can be modified anytime, so don't hesitate to switch carriers if a more affordable price is available. Staying with the same car insurance company is fine, but it isn't a good idea if it's costing you a fortune every year. It only takes a couple minutes to compare rates and find cheaper insurance for a Honda CR-V in Indianapolis.