How to Save on Honda CR-V Insurance in Honolulu

Insurance quote for Honda CR-V in HonoluluTruthfully, the best way to find better pricing on Honda CR-V insurance in Honolulu is to annually compare prices from different companies who sell insurance in Hawaii. Drivers can shop around by following these guidelines.

  1. Learn about how insurance works and the modifications you can make to lower rates. Many risk factors that result in higher rates like speeding and a low credit rating can be eliminated by making minor changes in your lifestyle.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and Allstate, while agents who are independent can give you price quotes for a wide range of companies.
  3. Compare the new quotes to your current policy premium to see if cheaper CR-V coverage is available. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.

One key aspect of rate comparisons is to use similar deductibles and liability limits on each price quote and and to look at as many auto insurance providers as possible. This ensures the most accurate price comparison and the best price quote selection.

It’s an obvious statement that car insurance companies don’t want you to look for a cheaper policy. Drivers who get price comparisons will probably switch companies because they have a good chance of finding coverage at a cheaper rate. A recent study showed that consumers who routinely shopped for cheaper coverage saved an average of $3,400 over four years compared to other drivers who don’t regularly compare prices.

If finding budget-friendly Honda CR-V insurance in Honolulu is your goal, learning how to find and compare cheaper coverage can help simplify the task of finding more affordable coverage.

Buying affordable auto insurance in Honolulu is really quite easy. If you’re already insured or need new coverage, use these money-saving tips to lower your rates and still have adequate protection. Drivers only need an understanding of the most efficient way to shop their coverage around instantly.

The companies shown below can provide free quotes in Honolulu, HI. If more than one company is shown, it’s highly recommended you visit several of them to get the best price comparison.

Honda CR-V coverage analysis

The table below showcases a range of insurance premium costs for Honda CR-V models. Having knowledge of how insurance prices are established can be of help when making decisions on which coverage to buy.

Honda CR-V Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $94 $174 $236 $14 $70 $588 $49
CR-V EX 2WD $94 $174 $236 $14 $70 $588 $49
CR-V LX 4WD $94 $174 $236 $14 $70 $588 $49
CR-V EX 4WD $108 $174 $236 $14 $70 $602 $50
CR-V EX-L 2WD $108 $174 $236 $14 $70 $602 $50
CR-V EX-L 4WD $108 $174 $236 $14 $70 $602 $50
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in specific Honolulu garaging location which can impact premium rates noticeably.

Raise deductibles and save

One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The rates shown below can help show the difference in cost when you buy lower versus higher comp and collision deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Honda CR-V insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $198 $338 $226 $14 $68 $869 $72
CR-V EX 2WD $198 $338 $226 $14 $68 $869 $72
CR-V LX 4WD $198 $338 $226 $14 $68 $869 $72
CR-V EX 4WD $228 $338 $226 $14 $68 $899 $75
CR-V EX-L 2WD $228 $338 $226 $14 $68 $899 $75
CR-V EX-L 4WD $228 $338 $226 $14 $68 $899 $75
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Honda CR-V insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $144 $228 $226 $14 $68 $680 $57
CR-V EX 2WD $144 $228 $226 $14 $68 $680 $57
CR-V LX 4WD $144 $228 $226 $14 $68 $680 $57
CR-V EX 4WD $166 $228 $226 $14 $68 $702 $59
CR-V EX-L 2WD $166 $228 $226 $14 $68 $702 $59
CR-V EX-L 4WD $166 $228 $226 $14 $68 $702 $59
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rates do not factor in specific garaging location which can alter coverage rates greatly.

Based on the data above, we can derive that using a $100 deductible will cost you about $16 more each month or $192 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 25 months between claims, you would most likely save money if you choose the higher deductible.

Bad driving habits will cost you more

The illustration below demonstrates how traffic citations and at-fault fender-benders can impact Honda CR-V insurance costs for different age groups. The information is based on a married male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

Price comparison of only insuring for liability

The information below illustrates the comparison of Honda CR-V auto insurance rates with full physical damage coverage compared to only buying liability only. The prices are based on no claims or driving citations, $500 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no definitive guideline for phasing out physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your Honda CR-V claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying the physical damage deductible. If premium cost is more than $500 annually for physical damage coverage, then it could be time to drop full coverage.

There are some scenarios where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Local agents and insurance

Many people would rather buy from a licensed agent and that can be a great decision Licensed agents can help you choose the best coverages and help you file claims. An additional benefit of getting online price quotes is that drivers can save money and get the best rates and still buy from a local agent.

Insurance agents in HonoluluFor easy comparison, once you complete this form (opens in new window), the quote information gets sent to local insurance agents who will gladly provide quotes and help you find cheaper coverage. It makes it easy because there is no need to leave your computer since rate quotes are delivered to you. If you need to get a price quote from a specific insurance provider, don’t hesitate to visit that company’s website and complete a quote there.

Choosing the best insurer should include more criteria than just the quoted price. Here are some questions you should ask.

When looking for a reputable agency, you need to know there are two types of insurance agents and how they function. Agents in Honolulu are categorized either exclusive or independent (non-exclusive). Either one can write policy coverage, but we need to point out how they differ since it may influence which agent you choose.

Exclusive Agencies

Agents that choose to be exclusive can only provide one company’s prices and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to provide prices from multiple companies so keep that in mind. They are well schooled on sales techniques and that enables them to sell even at higher rates.

Shown below are Honolulu exclusive agents that are able to give price quote information.

1215 Hunakai St #203Honolulu, HI 96816(808) 737-5662View Map

800 S Beretania St Ste 260Honolulu, HI 96813(808) 591-8016View Map

1580 Makaloa St #102Honolulu, HI 96814(808) 945-0802View Map

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Independent Insurance Agencies

Agents in the independent channel do not write with just one company and that gives them the ability to insure through lots of different companies and find the cheapest insurance rates. If they find a cheaper price, your agent can switch companies without you having to go to a different agency.

When comparison shopping, you absolutely need to contact a couple of independent agencies so that you can do a thorough price comparison.

Below are Honolulu independent insurance agents who can help you get comparison quotes.

819 S Beretania StHonolulu, HI 96813(808) 539-1600View Map

420 Waiakamilo RdHonolulu, HI 96817(808) 527-7667View Map

250 Ward Ave #220Honolulu, HI 96814(808) 626-5068View Map

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