How to Save on Nashville Honda CR-V Insurance

Insurance quote for Honda CR-V in NashvilleIf saving money is your primary concern, then the best way to get budget auto insurance rates is to make a habit of regularly comparing prices from different companies in Nashville. This can be done by following these guidelines.

  1. Try to understand car insurance and the factors you can control to prevent rate increases. Many things that cause rate increases like traffic tickets, fender benders, and a poor credit score can be controlled by making minor changes in your lifestyle.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can quote rates from multiple companies. View insurance agents
  3. Compare the new rate quotes to your existing coverage and determine if cheaper CR-V coverage is available in Nashville. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
  4. Give notification to your current company of your intention to cancel your current policy. Submit a down payment along with a signed application to your new agent or company. Make sure you place the new proof of insurance paperwork with the vehicle registration.

The key thing to know about shopping around is to compare the same deductibles and limits on every quote and and to look at as many different insurance providers as possible. This ensures a fair price comparison and the best rate selection.

Remarkably, a study showed that the vast majority of car insurance customers kept buying from the same company for more than four years, and virtually 40% of consumers have never even shopped around for lower-cost coverage. Nashville consumers could cut their rates by as much as 35% a year by just comparing quotes, but they don’t invest the time required to do a rate comparison.

The most recommended method to get rate comparisons for Honda CR-V insurance in Nashville is to know the trick most larger insurance companies have advanced systems to give rate comparisons. To get started, all you need to do is provide information including what you do for a living, if you are currently licensed, whether you have decent credit, and types of safety features. That rating data is instantly provided to many highly-rated insurers and they return rate quotes within a short period of time.

To check car insurance prices now, click here and complete the form.

The providers in the list below offer free rate quotes in Tennessee. To get the cheapest auto insurance in Nashville, TN, it’s highly recommended you get rates from several of them to get a more complete price comparison.

Honda CR-V detailed coverage information

The coverage table shown below highlights estimates of insurance policy prices for Honda CR-V models. Being more informed about how auto insurance premiums are established is important for drivers to make decisions on which coverage to buy.

Honda CR-V Insurance Rates in Nashville, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $154 $244 $250 $14 $74 $736 $61
CR-V EX 2WD $154 $244 $250 $14 $74 $736 $61
CR-V LX 4WD $154 $244 $250 $14 $74 $736 $61
CR-V EX 4WD $176 $244 $250 $14 $74 $758 $63
CR-V EX-L 2WD $176 $244 $250 $14 $74 $758 $63
CR-V EX-L 4WD $176 $244 $250 $14 $74 $758 $63
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Estimates do not factor in the specific area where the vehicle is garaged which can affect rates substantially.

Higher deductibles lower rates

A question often asked by Nashville drivers is how high or low should comp and collision deductibles be. The premium rates below may help you to understand the cost difference between high and low policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Honda CR-V insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $194 $310 $246 $14 $74 $863 $72
CR-V EX 2WD $194 $310 $246 $14 $74 $863 $72
CR-V LX 4WD $194 $310 $246 $14 $74 $863 $72
CR-V EX 4WD $224 $310 $246 $14 $74 $893 $74
CR-V EX-L 2WD $224 $310 $246 $14 $74 $893 $74
CR-V EX-L 4WD $224 $310 $246 $14 $74 $893 $74
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Honda CR-V insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $158 $250 $246 $14 $74 $742 $62
CR-V EX 2WD $158 $250 $246 $14 $74 $742 $62
CR-V LX 4WD $158 $250 $246 $14 $74 $742 $62
CR-V EX 4WD $182 $250 $246 $14 $74 $766 $64
CR-V EX-L 2WD $182 $250 $246 $14 $74 $766 $64
CR-V EX-L 4WD $182 $250 $246 $14 $74 $766 $64
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific location which can lower or raise coverage rates considerably.

Based on these figures, using a $250 deductible costs an average of $10 more each month or $120 each year than buying the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 25 months between claim filings, you would probably come out ahead by going with a higher deductible.

The chart below demonstrates how deductibles and can change Honda CR-V insurance premiums for different age groups of insureds. The premium estimates are based on a single female driver, full coverage, and no other discounts are factored in.

Full coverage or liability only

The example below shows the difference between Honda CR-V insurance prices with and without full coverage. The premiums are based on no claims or driving violations, $100 deductibles, single marital status, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There is no set guideline of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda CR-V replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after you pay the deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where buying only liability insurance is not financially feasible. 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 your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Get cheaper Honda CR-V insurance in Nashville with discounts

The cost of insuring your cars can be expensive, but companies offer discounts that you may not even be aware of. Some of these discounts will be visible when you get a quote, but once in a while a discount must be specifically requested before they will apply.Discount auto insurance

Discounts save money, but please remember that many deductions do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help lower your premiums.

The diagram below visualizes the comparison of Honda CR-V insurance premiums with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, safe-driver, homeowner, and multi-policy discounts applied.

Popular auto insurance companies and the discounts they provide are outlined below.

If you need lower rates, check with each company or agent to give you their best rates. Some discounts may not apply to policyholders in your area. If you would like to choose from a list of auto insurance companies who offer auto insurance discounts in Tennessee, click here.

Three reasons to insure your Honda vehicle

Despite the potentially high cost of Honda CR-V insurance, insuring your vehicle may be required for several reasons.

The benefits of carrying enough insurance definitely exceed the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so we recommend shopping around at every renewal to ensure rates are inline.

You are unique and your insurance should be too

When it comes to buying the best insurance coverage, there really is no “perfect” insurance plan. Your financial needs are unique.Safe vehicles cost less to insure

Here are some questions about coverages that might point out whether you might need professional guidance.

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form.

Exclusive or independent auto insurance agents

A small number of people still like to visit with an insurance agent and doing that can be a smart decision An additional benefit of price shopping on the web is that you can obtain cheaper rates and still choose a local agent.

Find insurance agent in NashvilleAfter completing this simple form, your information gets sent to local insurance agents who will return price quotes for your auto insurance coverage. There is no reason to do any legwork as quotes are delivered directly to you. You can get cheaper auto insurance rates without the usual hassles of price shopping. If you want to get a price quote for a specific company, just go to their quote page and submit a quote form there.

Finding a good insurance company should include more criteria than just a low price. Some important questions to ask are:

If you would like to find local Nashville agents, you need to know there are two types of insurance agents and how they differ in how they quote coverages. Auto insurance agents in Nashville are categorized either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

Agents that choose to be exclusive can only provide pricing for a single company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to provide other company’s prices so keep that in mind. These agents are usually well trained on the products they sell and that allows them to sell at a higher price point. Consumers frequently use the same exclusive agent mainly due to the prominence of the brand rather than having the cheapest rates.

Shown below are Nashville exclusive insurance agents who can help you get price quote information.

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Independent Auto Insurance Agents

Independent agents do not write with just one company so they can write business through lots of different companies depending on which coverage is best. If you want to switch companies, they simply move the coverage in-house and that require little work on your part. When comparing rates, you absolutely need to get rate quotes from several independent agencies in order to compare the most rates. Most also have access to small regional insurance companies that may provide cheaper auto insurance rates.

Below is a list of independent agencies in Nashville that can give you price quote information.

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