How Much are Car Insurance Quotes for a Honda CR-V in Toledo?

See How Much You Could Save

Honda CR-V insurance
Honda CR-V insurance image courtesy of QuoteInspector.com

Buying cheap insurance for a Honda CR-V in Ohio is dependent upon an enormous amount of rating factors such as your age, your profession, and your choice of physical damage deductibles. Drivers will pay around $458 each year to insure their CR-V, but that figure is a projection calculated using a 50-year-old single female driver with full coverage and $1,000 deductibles.

Odds are that you are not 50 and maybe not even a female, maybe you are married instead of single, and maybe your CR-V just needs liability-only coverage. Even a minor change in policy rating criteria or coverages can result in a big discrepancy in rates.

There is no perfect policy for every driver, so the only way to find cheap insurance prices for your Honda is to do a thorough rate comparison. Price quotes are quick and you will be able to compare rates from some of the best companies in Ohio.

Compare Honda CR-V Insurance Rates

The trim level of your CR-V will likely have an effect on the yearly cost, so the price to insure a CR-V LX 2WD model will be $12 less expensive the price to insure the fancier CR-V EX-L 4WD model, as shown by the rates below.

Honda CR-V Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $82 $150 $218 $12 $66 $528 $44
CR-V EX 2WD $82 $150 $218 $12 $66 $528 $44
CR-V LX 4WD $82 $150 $218 $12 $66 $528 $44
CR-V EX 4WD $94 $150 $218 $12 $66 $540 $45
CR-V EX-L 2WD $94 $150 $218 $12 $66 $540 $45
CR-V EX-L 4WD $94 $150 $218 $12 $66 $540 $45
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in specific Toledo garaging location which can change coverage prices considerably.

Establishing which company has the most affordable auto insurance rates for a Honda CR-V will involve a little more effort than just quoting one company's rates. Each auto insurance company uses a slightly different approach for determining prices, so we need to take a look at the lowest cost auto insurance companies in Ohio.

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Ohio auto insurance company rankings
Rank Company Cost Per Year
1 Utica National $654
2 Erie $661
3 Allied $669
4 Frankenmuth $687
5 USAA $719
6 Travelers $726
7 Merchants Insurance Group $748
8 Cincinnati Insurance $756
9 Motorists Mutual $824
10 Grange Mutual $828
11 General Casualty $829
12 State Farm $858
13 Central Mutual $866
14 Hastings Mutual $884
15 Atlantic States $913
16 Westfield $936
17 Western Reserve $961
18 Progressive $962
19 Nationwide $998
20 Auto-Owners $998
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Utica National quotes some of the best car insurance rates in Toledo at around $654 annually. This is $386 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA would also make the list of some of the more affordable Toledo, OH insurance companies.

As shown above, if you currently have a policy with Frankenmuth and switched to Utica National, you might realize yearly savings of about $33. Insureds with USAA might save as much as $65 a year, and Travelers customers might lower prices by $72 a year.

If you want to see how much you could save, click here to start a quote or visit any of the low-priced companies below.

It's important to note that these premium estimates are averaged across 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 can offer you the best price may not even be in the top 33 companies shown above. That is why you need to get auto insurance quotes using your own personal information and vehicle type.

Auto insurance rates are higher with tickets and accidents

The common sense way to obtain the best auto insurance rates in Ohio for a CR-V is to drive attentively and not receive tickets or have accidents. The chart below illustrates how traffic citations and accident claims drive up insurance prices for different insured age categories. The rate quotes are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

In the prior example, the average cost of car insurance in Ohio per year with no violations or accidents is $1,099. Add in one speeding ticket and the average cost jumps to $1,240, an increase of $141 each year. Now add in two accidents along with the one speeding ticket and the annual cost of auto insurance for a Honda CR-V increases to an average of $2,469. That's an increase of $1,370, or $114 per month, just for being a little careless behind the wheel!

Full coverage or liability only

Saving money when shopping for auto insurance is important to the majority of vehicle owners, and a great way to lower the cost of insurance for a Honda CR-V is to buy only liability coverage. The example below visualizes the comparison of annual premium costs with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or accidents, $500 deductibles, single status, and no discounts are factored in.

On average, physical damage coverage costs $1,099 per year more than just buying liability insurance. At some point, about every driver wonders when is it a good idea to stop buying full coverage. There is no definitive formula for eliminating comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's say your vehicle's replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after you pay the deductible. If premiums are more than $700 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

The information below highlights how deductible choice can impact insurance costs when searching for cheap insurance for a Honda CR-V. The prices are based on a married male driver, full coverage, and no other discounts are factored in.

In the chart above, a 30-year-old driver could lower their car insurance rates by $184 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $280 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, could reduce their rates as much as $546 each year by using higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it's a good idea to have plenty of savings on hand to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.