Nobody is fond of buying car insurance, particularly when the price is too high.
Surprisingly, a recent survey revealed that the vast majority of consumers have purchased from the same company for well over three years, and almost half have never quoted car insurance rates at all. American drivers could save as much as $859 every year by just comparing rate quotes, but most tend to underestimate how much money they would save if they just switched companies.
Due to the abundance of insurance providers from which to choose, it can be challenging to choose the lowest price insurance company.
The best way to compare rate quotes for Honda CR-V insurance in Philadelphia is to know the trick most of the bigger providers provide online access to give you rate quotes. The only thing you need to do is provide details such as your job, daily mileage, if you're married, and if a SR-22 is required. That rating data is sent automatically to many different companies and they provide comparison quotes quickly.
To start a quote now, click here and see if a lower rate is available in Philadelphia.
The following companies provide price quotes in Pennsylvania. To find the best cheap car insurance in Pennsylvania, we suggest you get rates from several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$124||$204||$288||$18||$86||$720||$60|
|CR-V EX 2WD||$118||$228||$316||$18||$94||$774||$65|
|CR-V LX 4WD||$106||$188||$268||$16||$80||$658||$55|
|CR-V EX 4WD||$158||$222||$280||$16||$84||$760||$63|
|CR-V EX-L 2WD||$152||$218||$286||$16||$86||$758||$63|
|CR-V EX-L 4WD||$158||$222||$280||$16||$84||$760||$63|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in vehicle location which can influence premiums noticeably.
Honda CR-V full coverage rates compared to liability only
The information below shows the difference between Honda CR-V insurance rates with full physical damage coverage and with liability coverage only. The data is based on no claims or driving citations, $250 deductibles, single female driver, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no written rule for excluding full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let's assume your Honda CR-V book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premium cost is more than $800 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are a few cases where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Score discounts on Philadelphia auto insurance
Insurance can be prohibitively expensive, but you may be missing some discounts to help bring down the price. A few discounts will be applied when you complete an application, but a few must be specifically requested before you will receive the discount.
- Bundle and Save - If you have multiple policies with the same company you may earn over 10 percent off each policy depending on the company.
- Anti-theft Discount - Cars, trucks, and SUVs that have factory anti-theft systems prevent vehicle theft and that can save you a little bit as well.
- Air Bags and Passive Restraints - Factory air bags or automatic seat belts can receive discounts of 25 to 30%.
- Student Discounts - Excelling in school can save 20 to 25%. You can use this discount normally up until you turn 25.
- Switch and Save Discount - Some larger companies provide a discount for switching policies before your current CR-V insurance policy expires. It's a savings of about 10%.
- Federal Employees - Federal government employees could provide a small rate reduction depending on your company.
- Anti-lock Brakes - Vehicles that have anti-lock braking systems have fewer accidents so you can save 10 percent or more.
- Payment Discounts - If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
- Life Insurance - Not all auto insurance companies offer life insurance, but some may give you a lower premium rate if you buy a life insurance policy as well.
A little disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn't make money that way.
To see a list of providers who offer discounts in Philadelphia, follow this link.
Why Informed Consumers Pay Less for Honda CR-V Insurance
Many things are used in the calculation when premium rates are determined. Some factors are common sense such as your driving record, although others are not quite as obvious such as whether you are married or your commute time.
The itemized list below are some of the things used by your company to calculate your premiums.
Rural vs Urban Areas - Residing in areas with lower population can save you money when talking about car insurance. City drivers have to deal with traffic congestion and a longer drive to work. Lower population translates into fewer accident claims.
Claims cost money - If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Companies in Pennsylvania provide better rates to policyholders who do not file claims often. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
Do you know you're credit score? - A driver's credit rating is likely to be a major factor in your rate calculation. Drivers with excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with lower ratings. Therefore, if your credit history can use some improvement, you could potentially save money when insuring your Honda CR-V by taking the time to improve your credit score.
Type of car determines base prices - The make and model of the car or truck you are trying to find cheaper insurance for makes a substantial difference in determining your rates. The cheapest rates tend to be for small economy passenger models, but there are many factors that impact the final cost. Since the Honda CR-V is considered a standard SUV, rates will be slightly more as compared to the average rate in Philadelphia.
Being married can save on car insurance - Your spouse can actually save you money on car insurance. Having a significant other generally demonstrates drivers are more stable financially and insurance companies reward insureds because drivers who are married file infrequent claims.
Your vocation and car insurance rates - Jobs like fire fighters, executives and stock brokers tend to have higher rates than average because of job stress and long work days. On the other hand, careers such as farmers, engineers and performers get better rates.
Loss statistics for a Honda CR-V - Insurers use historical loss data to help determine the price you pay. Models that statistically have increased losses will have a higher premium rate.
The table below shows the insurance loss data used by companies for Honda CR-V vehicles. For each coverage category, the loss probability for all vehicles, as an average, is considered to be 100. Numbers below 100 suggest a positive loss record, while values that are 100 or greater indicate a higher chance of having a claim or an increased chance of a larger loss.
Honda CR-V Insurance Claim Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda CR-V 4dr 2WD||68||81||58||93||86||77|
|Honda CR-V 4dr 4WD||69||82||69||90||87||78|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance agents can help
A lot of people would rather buy from a local agent and often times that is recommended One of the great benefits of getting free rate quotes online is that drivers can save money and get the lowest rates but also keep your business local. Supporting small agencies is definitely important in Philadelphia.
For easy comparison, once you complete this quick form, the quote information gets sent to local insurance agents in Philadelphia who can give free rate quotes and help you find cheaper coverage. You never need to even leave your home because quoted prices will be sent to you directly. You can get cheaper auto insurance rates without the usual hassles of price shopping. If you wish to compare rates from a particular provider, feel free to jump over to their website and fill out the quote form the provide.
What type of Philadelphia car insurance agent is right for you?
If you are searching for a local Philadelphia insurance agent, you should know the different types of agencies that you can choose from. Auto insurance policy providers are considered either independent agents or exclusive agents depending on their employer.
Independent Auto Insurance Agents (or Brokers)
Agents of this type do not sell for just one brand and that is an advantage because they can write policies through many different auto insurance companies and help determine which has the cheapest rates. If your premiums go up, your agent can switch companies and that require little work on your part.
When comparing auto insurance rates, you need to check rates from a few independent agents so that you have a good selection of quotes to compare.
The following are independent insurance agencies in Philadelphia that can give you comparison quotes.
Exclusive Insurance Agencies
Exclusive insurance agents work for only one company and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot shop your coverage around so you need to shop around if the rates are high. These agents receive a lot of sales training on their company's products which can be an advantage.
The following are exclusive agents in Philadelphia that can give you price quote information.
George Kweder - State Farm Insurance Agent
1521 W Oregon Ave - Philadelphia, PA 19145 - (215) 467-1837 - View Map
Choosing the best insurance agency should include more criteria than just a cheap price. These are some questions your agent should answer.
- What company holds the largest book of business for them?
- How are claims handled?
- How often do they review coverages?
- Will your rates increase after a single accident?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Does the agent recommend any additional coverage?
Which policy gives me the best coverage?
Always remember that when buying coverage online or from an agent for your vehicles, there really is no one size fits all plan. Each situation is unique and your auto insurance should unique, too. These are some specific questions may help you determine whether your personal situation will benefit from professional help.
- Am I covered if I wreck a rental car?
- Does coverage extend to my business vehicle?
- If I use my vehicle for business use is it covered?
- Does car insurance cover theft of personal property?
- When should I not file a claim?
- Is there a penalty for late payment?
- Can I cancel at any time?
If you don't know the answers to these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Persistence will pay off
As you shop your coverage around, you should never buy less coverage just to save a little money. Too many times, someone sacrificed liability limits or collision coverage only to regret at claim time they didn't have enough coverage. Your strategy should be to purchase plenty of coverage at an affordable rate, but don't skip important coverages to save money.
You just learned a lot of ways to reduce Honda CR-V insurance car insurance rates online in Philadelphia. The key thing to remember is the more providers you compare, the better likelihood of getting affordable Honda CR-V insurance quotes. Consumers could even find that the most savings is with a lesser-known regional company. Some small companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or GEICO.
For more information, take a look at the articles below:
- How do I File a Claim? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for a Honda CR-V in Pennsylvania? (FAQ)
- Who Has Affordable Car Insurance Quotes for Single Moms in Pennsylvania? (FAQ)
- Who Has the Cheapest Auto Insurance for Teenagers in Pennsylvania? (FAQ)
- How Much are Car Insurance Rates for Business Use in Pennsylvania? (FAQ)
- What Auto Insurance is Cheapest for High Risk Drivers in Pennsylvania? (FAQ)
- Rental Reimbursement Coverage (Allstate)
- Should I Buy a New or Used Car? (Allstate)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)