Who Has Cheap Phoenix Car Insurance Quotes for a Honda CR-V?

Finding cheap coverage for a Honda CR-V in Arizona doesn’t take a lot of effort, but it relies on an enormous amount of rating factors such as the mileage of your daily commute, the likelihood of your vehicle being stolen, and citations on your driving record. Arizona drivers will pay around $957 per year for CR-V insurance, but that price is an estimate using a 40-year-old single female driver with both comprehensive and collision coverage and $100 deductibles.

It’s more than likely you are not 40 years old and maybe not even female, maybe you are married instead of single, or maybe you prefer higher deductibles. Insurance is an individual thing, so the best method for finding cheap auto insurance rates for your Honda is to do the rate comparisons yourself.

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The trim level of your Honda tends to have a direct effect on the yearly cost, so the cost to insure a CR-V LX 2WD will be $32 less than the cost to insure the higher-priced CR-V EX-L 4WD trim level, as shown below.

Honda CR-V Insurance Rates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $216 $432 $332 $20 $100 $1,100 $92
CR-V EX 2WD $216 $432 $332 $20 $100 $1,100 $92
CR-V LX 4WD $216 $432 $332 $20 $100 $1,100 $92
CR-V EX 4WD $248 $432 $332 $20 $100 $1,132 $94
CR-V EX-L 2WD $248 $432 $332 $20 $100 $1,132 $94
CR-V EX-L 4WD $248 $432 $332 $20 $100 $1,132 $94
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium costs do not factor in specific Phoenix garaging location which can change prices greatly.

Figuring out which companies quote the cheapest auto insurance rates for a Honda CR-V will involve a tad more effort than just comparing rates from one or two companies. Each insurer uses a slightly different approach for setting prices, so we will examine the auto insurance companies that tend to have lower prices in Phoenix, AZ.

Keep in mind that Phoenix auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Getting older, becoming a homeowner, or having a fender bender can trigger changes in premium resulting in some companies being cheaper than competitors.

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Rankings for the cheapest car insurance companies in Arizona
Rank Company Cost Per Year
1 The Hartford $820
2 Auto-Owners $897
3 Safeco $923
4 Travelers $1,086
5 USAA $1,091
6 Progressive $1,164
7 GEICO $1,177
8 Ameriprise Group $1,208
9 CSAA $1,213
10 Allied $1,245
11 Safe Auto $1,284
12 Farm Bureau Mutual $1,297
13 Unitrin $1,317
14 State Farm $1,323
15 Farmers $1,337
16 American Family $1,420
17 Amica $1,473
18 Titan $1,476
19 MetLife $1,521
20 California Casualty $1,552
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The Hartford has some of the cheapest car insurance rates in Phoenix at around $820 a year. Auto-Owners, Safeco, Travelers, and USAA would also be considered some of the best Phoenix, AZ car insurance companies.

In the above rates, if you are a customer of USAA and switched to Auto-Owners, you could realize annual savings of in the vicinity of $194. Arizona drivers with Progressive may save as much as $267 a year, and GEICO insureds might lower prices by up to $280 a year.

Bear in mind that those rates are averaged for all types of drivers and the different vehicles they drive and and are not figured with an exact zip code location for a Honda CR-V. So the auto insurance company that has the cheapest price for you may not even be in the top 28 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

Do you need full coverage?

Reducing premiums for auto insurance should be important to most vehicle owners, and one good way to buy cheaper insurance for a Honda CR-V is to buy liability only. The illustration below shows the comparison of auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims or violations, $100 deductibles, marital status is single, and no additional discounts are factored in.

If the expense is averaged for all age categories, full coverage costs an extra $1,722 per year over and above liability coverage. Many of you may wonder if full coverage is worth the money. There isn’t a written rule for phasing out physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s settlement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $9,000 after paying your deductible. If premium cost is more than $900 annually for physical damage coverage, then you might want to think about dropping full coverage.

Here’s why price comparisons are so important

Phoenix, AZ auto insurance rates are based on many factors that can increase the cost of your policy. Improving your credit rating, having a teenage driver, or getting a reckless driving citation may cause policy rate changes that may make certain companies cheaper than competitors.

Not only may your situation change, but companies change the rates they charge in Arizona every year as an adjustment for underwriting gains or losses. Unexpectedly high claims can result in rate hikes, while better underwriting can produce cheaper CR-V insurance rates.

The data below shows which companies have the cheapest car insurance in Phoenix, AZ for a 30-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we compare prices based on his current situation, The Hartford may have the most affordable car insurance rates in Phoenix at $1,256 per year. This is $172 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are the remainder of the best Phoenix, AZ auto insurance companies.

Now we will pretend the driver from the first example a chargeable accident, less-than-perfect credit, and a blemish on his driving record. Because each insurer has their own process for determining prices, comparing prices may now present a different set of affordable companies as shown below.

GEICO now has the best auto insurance rate in Phoenix with Ameriprise Group, Allied, CSAA, and Safe Auto also being competitive. This example illustrates why it is important to shop around when trying to get the most budget-friendly insurance quotes for a Honda CR-V. Insurance rates are impacted by many factors and can change without notice, so the best company the last time you shopped around may now be one of the more expensive options.