Honda CR-V insurance image courtesy of QuoteInspector.com
Finding economical insurance for a Honda CR-V is dependent upon a lot of rating criteria such as annual vehicle mileage, your claims history, and your choice of deductibles. Maryland drivers pay on average $1,185 a year for CR-V insurance, but that price is an approximation calculated using a 30-year-old single male driver with both comprehensive and collision coverage and $250 deductibles.
Most likely you are not 30 years old and maybe not even male, maybe you are married instead of single, or maybe you're a renter instead of a homeowner. There is no one cookie-cutter policy that works for everyone, so the way we recommend to find the cheapest insurance price for your Honda is to compare as many rates as possible.
Your vehicle's trim level tends to have a direct effect on the cost of insurance, so the price you will be charged to insure a CR-V LX 2WD trim level will be $46 less expensive the price to insure the more expensive CR-V EX-L 4WD trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $312 | $434 | $452 | $26 | $136 | $1,360 | $113 |
| CR-V EX 2WD | $312 | $434 | $452 | $26 | $136 | $1,360 | $113 |
| CR-V LX 4WD | $312 | $434 | $452 | $26 | $136 | $1,360 | $113 |
| CR-V EX 4WD | $358 | $434 | $452 | $26 | $136 | $1,406 | $117 |
| CR-V EX-L 2WD | $358 | $434 | $452 | $26 | $136 | $1,406 | $117 |
| CR-V EX-L 4WD | $358 | $434 | $452 | $26 | $136 | $1,406 | $117 |
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Estimates do not factor in specific zip code location which can alter rates significantly.
Selecting the right auto insurance provider can be a challenge considering how many companies are available to choose from in Maryland. The information shown next could help you pick which companies to look at when shopping around.
These ratings include companies that write coverage in many states, so companies that focus mainly on Maryland business will not be included in these rankings. To compare prices from many more Maryland auto insurance companies, click here.
Top 10 Major Auto Insurance Providers in Baltimore Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Top 10 Major Auto Insurance Providers in Baltimore Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
- The Hartford - 87%
The illustration below highlights how deductible choice can change yearly insurance costs when trying to find cheap insurance for a Honda CR-V. The premium estimates are based on a single female driver, full coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could reduce rates by $334 a year by changing from a $100 deductible up to a $500 deductible, or save $508 by choosing a $1,000 deductible. Young drivers, like the 20-year-old category, could possibly save $844 annually by selecting a higher deductible.
When choosing a higher deductible, it will be important to have additional funds squirreled away to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Low rates today, overpriced tomorrow
Maryland auto insurance rates are determined by lots of factors that will increase or decrease the price you pay for coverage. Simply improving your credit, having a teenage driver, or getting a ticket for careless driving may prompt premium changes that can make some companies more affordable than others.
Not only may things change on your end, but auto insurance companies amend pricing as needed in order to offset underwriting gains or losses. Higher than normal claim frequency or severity can cause additional premium costs, while profitable underwriting can produce lower-cost CR-V insurance rates.
As an example, the data below compares the cheapest car insurance in Baltimore, MD for a 35-year-old male driver with no accidents or violations, and great credit. Based on his personal risk profile, USAA quotes the most affordable car insurance rates in Baltimore at $1,721 annually. This is $162 more than the average rate paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are also included in the cheapest Baltimore, MD auto insurance companies.
Now let's give the driver from the first rate comparison an accident surcharge, a lower credit score, and a couple of points charged on his driving record. Due to the fact that every auto insurer has their own process for establishing rates, analyzing rates could result in a different ranking of the cheapest Baltimore car insurance companies as shown below.
MetLife now has the cheapest rate in Baltimore with Nationwide, Travelers, GEICO, and Liberty Mutual now rounding out the top five. This shows why drivers need to compare rates to find the most affordable car insurance rates for a Honda CR-V.
Rates can be altered by many things and can change without notice, so the cheapest company six months ago may now be priced much higher than other options.
How to find economical insurance for a Honda CR-V
The list below summarizes some of the recommended penny-pinching solutions that can help Maryland drivers find cheaper coverage.
- On older vehicles, drop full coverage
- Raise your deductibles
- Claim-free drivers earn discounts
- Do not get tickets or violations
- Avoid accidents and claims
- Compare rates and switch if you can find a better deal
The last item on the list is extraordinarily vital, as we hit on in this write-up. Prices charged by auto insurers fluctuate considerably, so don't hesitate to change insurance companies if you find a cheaper price. Brand loyalty is great, but we do not recommend it if that faithfulness ends up costing you a small fortune. It takes less than five minutes to compare rates to find cheaper auto insurance for a Honda CR-V in Baltimore.