How Much are Auto Insurance Rates for a Honda CR-V in Houston?

Finding affordable coverage for a Honda CR-V in Texas is pretty simple for most people to do, but it is dependent upon a very complex rating algorithm that uses multiple factors such as the mileage of your daily commute, the size of your vehicle, and whether or not you are a good driver. Texas drivers will pay around $1,057 annually for CR-V insurance, but that amount is calculated using a 30-year-old married male driver with full physical damage coverage and $100 deductibles.

If we were betting, you are not 30 and maybe not even a male, single instead of married, and maybe your CR-V just needs liability-only coverage. Having even a minor difference in the criteria used to calculate rates can result in a massive change in the coverage rate.

Auto insurance is not the same for everyone, so the best way to find the cheapest insurance price for your Honda is to just take the time to compare rates yourself.

Compare Honda CR-V Insurance Rates

The trim level of your Honda tends to impact price, so the price you will pay to insure a CR-V LX 2WD trim level will be $42 less than the insurance cost for the more costly CR-V EX-L 4WD trim level, as shown in the table below.

Honda CR-V Insurance Rates in Houston, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $286 $486 $324 $20 $96 $1,212 $101
CR-V EX 2WD $286 $486 $324 $20 $96 $1,212 $101
CR-V LX 4WD $286 $486 $324 $20 $96 $1,212 $101
CR-V EX 4WD $328 $486 $324 $20 $96 $1,254 $105
CR-V EX-L 2WD $328 $486 $324 $20 $96 $1,254 $105
CR-V EX-L 4WD $328 $486 $324 $20 $96 $1,254 $105
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Table data does not factor in specific garaging location which can decrease or increase coverage prices considerably.

Picking a good quality auto insurance company can be difficult considering how many companies sell insurance in Houston. The information shown below can help you select which auto insurers to look at when insurance shopping for a Honda CR-V.

These ratings only include large nationwide companies, so smaller companies that only insure vehicles in Texas are not included in these rankings. If you would like to check rates from the most competitive companies in Texas, click this link.

Top 10 Large Auto Insurance Companies in Houston Ranked by Claims Service

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

Driving violations and accidents

A great way to earn good insurance prices in Texas for a CR-V is to be a cautious driver and avoid accidents and traffic citations. The diagram below demonstrates how citations and at-fault collisions can impact auto insurance rates for different ages of insureds. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

In the chart above, the average cost of an auto insurance policy in Houston per year with no accidents or violations is $1,584. Receive one speeding ticket and the average cost rises to $1,842, an increase of $258 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for a Honda CR-V goes up to an average of $2,556. That’s an increase of $971, or $81 per month, just for not driving carefully!

The diagram below illustrates how choosing a deductible can change premium costs when trying to find cheap insurance for a Honda CR-V. The premium estimates are based on a married female driver, comp and collision included, and no discounts are applied.

As shown above, a 50-year-old driver could cut expenses by $260 a year by increasing from a $100 deductible to a $500 deductible, or save $394 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices $646 annually just by choosing larger deductibles. When choosing a higher deductible, it will be necessary to have enough savings set aside to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Difference between liability only and full coverage rates

Saving money on insurance should be important to most drivers, and one good way to find cheap insurance for a Honda CR-V is to not pay for full coverage. The diagram below illustrates the difference between auto insurance rates when comparing full coverage to liability only. The data is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Averaged out for all age groups, physical damage insurance costs an extra $1,793 per year over and above liability coverage. That is a significant amount which raises the question if paying for full coverage is worth it. There is no definitive formula of when to eliminate full coverage, but there is a general guideline. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s replacement value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $8,500 after the deductible is paid. If you are paying over $850 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

If you have coverage questions and would like to have some advice when trying to find the best insurance rates for a Honda CR-V, the insurance agencies below are willing to aid you in deciding which policy is best.

To locate an agency in your neighborhood, click the button at the bottom of the list or click here to get price quotes now.

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