Who Has Cheap Auto Insurance Rates for a Honda CR-V in Philadelphia?

Buying the cheapest coverage for a Honda CR-V is dependent upon a lot of things such as the mileage of your daily commute, if you have prior claims, and any prior driving offenses you have. Pennsylvania drivers will pay around $913 annually for CR-V insurance, but that figure is an approximation using a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.

There’s a good chance you are not 30 and maybe not even a male, single instead of married, or maybe you’re a renter instead of a homeowner. Auto insurance requires individual risk assessment, so the only way to find the cheapest rates for your Honda is to compare rates from as many companies as possible.

View Honda CR-V Insurance Rates

Your Honda’s trim level will influence the yearly cost, so the price to insure a CR-V LX 2WD trim level will be $38 less than the price to insure the higher-priced CR-V EX-L 4WD version, as shown in the prices below.

Honda CR-V Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $246 $420 $280 $16 $84 $1,046 $87
CR-V EX 2WD $246 $420 $280 $16 $84 $1,046 $87
CR-V LX 4WD $246 $420 $280 $16 $84 $1,046 $87
CR-V EX 4WD $284 $420 $280 $16 $84 $1,084 $90
CR-V EX-L 2WD $284 $420 $280 $16 $84 $1,084 $90
CR-V EX-L 4WD $284 $420 $280 $16 $84 $1,084 $90
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can revise coverage prices greatly.

Selecting the top auto insurance company can be rather challenging considering how many companies there are in Philadelphia. The company rank data displayed below can help you pick which car insurance companies you want to consider purchasing coverage from. These rankings are for major nationwide insurance companies, so companies that may only write in Pennsylvania will not be included in this list.

Top 10 Large Auto Insurance Providers in Philadelphia Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. State Farm
  5. GEICO
  6. Titan Insurance
  7. Nationwide
  8. Allstate
  9. The General
  10. 21st Century

How violations and accidents impact rates

In a perfect world, the ideal way to enjoy the best auto insurance prices in Pennsylvania for a CR-V is to be a good driver and avoid accidents and traffic violations. The information below shows how violations and at-fault claims can impact insurance costs for different insured age categories. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.

In the chart above, the average cost of auto insurance in Pennsylvania per year with no accidents and a clean driving record is $1,202. Get two speeding tickets and the average cost jumps to $1,647, an increase of $445 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for a Honda CR-V goes up to an average of $3,476. That’s an increase of $2,273, or $189 per month, just for not being more responsible behind the wheel!

Full coverage rates compared to liability only

Paying less for auto insurance is probably important to most people, and one way to lower the cost of insurance for a Honda CR-V is to not insure for full coverage. The illustration below illustrates the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The data is based on no claims or violations, $500 deductibles, single marital status, and no discounts are taken into consideration.

As an average for all age groups, full coverage on your policy costs $1,586 per year over and above liability only. That may make you wonder if paying for full coverage is worth it. There is no definitive rule that works best for making the decision to drop comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

There are some circumstances where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

The chart below shows how choosing a deductible can change insurance rates when trying to find cheap insurance for a Honda CR-V. The data assumes a single female driver, full physical damage coverage, and no policy discounts are applied.

As shown above, a 30-year-old driver could lower their policy premium by $298 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $450 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, have the ability to save $662 or even more just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it will be required to have enough funds in savings to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.