Save Money on Honda CR-V Insurance in El Paso

Has it been a year or more since you last compared quotes for more affordable Honda CR-V insurance in El Paso? Baffled by the sheer number of car insurance companies in El Paso? There are so many choices that it can easily become a challenge to lower your rates for Honda CR-V insurance in El Paso. El Paso has many things to offer, but having to pay for pricey car insurance can make it difficult for lots of drivers to affordably buy enough coverage.

Unimaginable but true, nearly 70% of consumers kept their coverage with the same car insurance company for four years or more, and practically 40% of car insurance customers have never shopped around. Drivers in the U.S. could cut their rates by nearly $860 a year, but they just feel it's too hard to shop their coverage around.

The majority of larger companies allow you to get insurance quotes on the web. Getting Honda CR-V insurance prices online is easy for anyone as all you need to do is type in the coverages you want into a form. Once you submit the form, the quote system requests your driving record and credit report and quotes a price based on these factors.

The ability to get online rates for Honda CR-V insurance in El Paso makes it easy to compare insurance prices and it is imperative to get many rate quotes in order to find a better rate.

To quickly compare pricing, check out the car insurance providers below. If you currently have coverage, we recommend you type in the limits and deductibles exactly as they are listed on your policy. This guarantees you will receive a price comparison for similar insurance coverage.

The following companies are ready to provide free rate quotes in El Paso, TX. If more than one company is shown, it's a good idea that you visit several of them to get the lowest price.

Why insurance is not optional

Even though it's not necessarily cheap to insure a Honda in El Paso, paying for insurance is required by state law in Texas and it also provides benefits you may not be aware of.

• Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Honda CR-V has a loan, it's most likely the lender will force you to carry insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Honda for a lot more money and force you to reimburse them for the much more expensive policy.
• Insurance protects not only your car but also your assets. It will also provide coverage for medical transport and hospital expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of insuring your car more than cancel out the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $850 per year so you should quote your policy with other companies every year to be sure current rates are still competitive.

Rates and detailed analysis

The premium table shown next outlines estimates of insurance policy prices for Honda CR-V models. Learning a little about how insurance premiums are established can be valuable when making decisions on the best policy to buy.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in El Paso location which can lower or raise coverage rates greatly.

Analysis of deductible levels

When shopping for auto insurance, a common question is how high should your deductibles be. The tables below can help illustrate the differences in premium rates when you select higher and lower insurance deductibles. The first data set uses a $100 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price information does not factor in zip code location which can increase or decrease premium rates substantially.

Based on these figures, using a $100 deductible costs about $33 more each month or $396 a year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 27 months between claim filings, you would probably be better off if you decide on a higher deductible. The table below shows an example of how you can make your own decision.

One important caveat is that raising deductibles results in a higher out-of-pocket expense when you file a claim. It will be required that you have some savings in the bank in order to pay the higher deductible in order to repair your vehicle.

Impact of speeding/accidents on El Paso auto insurance rates

The chart below shows how violations and accidents raise Honda CR-V insurance rates for different age categories. The data assumes a single female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

Annual premiums for males versus females

The illustration below illustrates the difference between Honda CR-V annual premium costs for male and female drivers. The rates are based on no accidents or driving violations, comp and collision included, $500 deductibles, drivers are not married, and no other discounts are factored in.

Auto insurance discounts are available to lower rates

Insuring your vehicles can cost a lot, but there may be some discounts that many people don't even know exist. Most are applied at quote time, but occasionally some discounts must be specially asked for prior to receiving the credit.

• Seat Belts Save - Forcing all vehicle occupants to fasten their seat belts can save up to 15% on the medical payments or PIP coverage costs.
• Waiver for an Accident - Not a discount per se, but some companies like Allstate and State Farm will forgive one accident before raising your premiums so long as you are claim-free prior to the accident.
• Federal Government Employee - Being employed by or retired from a federal job may qualify for a discount when you quote El Paso car insurance depending on your company.
• Smart Student Discounts - Being a good student could provide a savings of up to 20% or more. Most companies allow this discount up until you turn 25.
• New Vehicle Savings - Buying a new car instead of a used CR-V can get you a discount because newer vehicles keep occupants safer.
• College Student - Children who attend college more than 100 miles from El Paso and don't have a car can be insured at a reduced rate.

As a footnote on discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. Even though the math looks like you can get free auto insurance, it doesn't quite work that way.

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

A few companies that may have many of the previously listed discounts include:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

Check with every company which credits you are entitled to. Some of the discounts discussed earlier may not apply to policyholders in El Paso. To see companies with the best discounts in El Paso, click here to view.

Auto insurance can be complex

When it comes to buying a policy, there isn't really a single plan that fits everyone. Your financial needs are unique.

For example, these questions might point out whether your personal situation will benefit from professional help.

• Do I really need UM/UIM coverage?
• When should I remove my kid from my policy?
• Are all vehicle passengers covered by medical payments coverage?
• Do I have coverage for damage caused while driving under the influence?
• Can I rate high risk drivers on liability-only vehicles?
• Do they offer discounts for home and auto coverage?
• Is my dog or cat covered if injured in an accident?
• Am I covered if I back into my garage door?
• What is high-risk coverage and where do I buy it?
• Am I covered if I drive in a foreign country?

If you can't answer these questions, you may need to chat with a licensed agent. If you don't have a local agent, take a second and complete this form.

What is the best car insurance company in Texas?

Choosing a high-quality company is difficult considering how many different companies sell coverage in Texas. The rank data below can help you select which providers you want to consider when shopping around.

Top 10 El Paso Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive