Compare Honda CR-V Insurance Quotes in Riverside

The best way to get low-cost auto insurance rates is to start doing a yearly price comparison from insurers in Riverside.

  1. Take a little time to learn about what coverages are included in your policy and the measures you can control to prevent expensive coverage. Many rating factors that result in higher prices such as traffic tickets, fender benders, and bad credit can be amended by making lifestyle changes or driving safer.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like Progressive and State Farm, while independent agencies can quote prices from multiple insurance companies.
  3. Compare the new rate quotes to your current policy to determine if switching companies saves money. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good piece of advice is to try to use the same amount of coverage on each quote and and to get price quotes from as many companies as you can. Doing this provides a fair rate comparison and maximum price selection.

Discount Honda CR-V insuranceA recent insurance study revealed that the vast majority of insurance customers renewed their policy with the same company for a minimum of four years, and roughly 40% of drivers have never even shopped around for affordable coverage. Drivers in Riverside can save up to 35% each year just by shopping around, but they just don’t understand the actual amount they would save if they replace their high priced policy.

Rates and data analysis

The price information displayed below covers estimates of prices for Honda CR-V models. Having a good grasp of how auto insurance policy rates are established can assist in making decisions when choosing a new policy provider.


Honda CR-V Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $340 $472 $492 $30 $148 $1,482 $124
CR-V EX 2WD $340 $472 $492 $30 $148 $1,482 $124
CR-V LX 4WD $340 $472 $492 $30 $148 $1,482 $124
CR-V EX 4WD $390 $472 $492 $30 $148 $1,532 $128
CR-V EX-L 2WD $390 $472 $492 $30 $148 $1,532 $128
CR-V EX-L 4WD $390 $472 $492 $30 $148 $1,532 $128
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location information which can affect prices significantly.

Where to set your deductibles

One frequently asked question is how low should you set your deductibles. The figures shown below may help to illustrate the rate difference when you buy lower versus higher deductibles. The first set of rates uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.


Honda CR-V insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $332 $564 $376 $22 $112 $1,431 $119
CR-V EX 2WD $332 $564 $376 $22 $112 $1,431 $119
CR-V LX 4WD $332 $564 $376 $22 $112 $1,431 $119
CR-V EX 4WD $380 $564 $376 $22 $112 $1,479 $123
CR-V EX-L 2WD $380 $564 $376 $22 $112 $1,479 $123
CR-V EX-L 4WD $380 $564 $376 $22 $112 $1,479 $123
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Honda CR-V insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $242 $382 $376 $22 $112 $1,134 $95
CR-V EX 2WD $242 $382 $376 $22 $112 $1,134 $95
CR-V LX 4WD $242 $382 $376 $22 $112 $1,134 $95
CR-V EX 4WD $278 $382 $376 $22 $112 $1,170 $98
CR-V EX-L 2WD $278 $382 $376 $22 $112 $1,170 $98
CR-V EX-L 4WD $278 $382 $376 $22 $112 $1,170 $98
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in your specific Riverside location which can change coverage prices significantly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $24 more each month or $288 each year than buying the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 17 months between claims, you would probably be better off if you opt for a higher deductible. The table below shows a better example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): – $97
Monthly savings from raising deductible: $24
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One big caveat is that higher deductibles means you will have to cover more of the damage yourself at claim time. That will require some non-essential savings in the event you have to pay the deductible.

The information below illustrates how your choice of deductibles and can influence Honda CR-V annual premium costs for different ages of insureds. The premiums are based on a single male driver, full physical damage coverage, and no discounts are factored in.

Honda CR-V liability-only versus full coverage

The example below shows the comparison of Honda CR-V car insurance rates with liability coverage only compared to full coverage. The premium estimates are based on no violations or claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying physical damage coverage

There is no set guideline for eliminating comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your Honda CR-V book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after the deductible is paid. If premiums are more than $600 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Coverages available on your policy

Knowing the specifics of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as prosthetic devices, chiropractic care, X-ray expenses, surgery and dental work. They are often used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Liability car insurance

This coverage provides protection from damages or injuries you inflict on other people or property in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 15/30/5 which means $15,000 in coverage for each person’s injuries, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000.

Liability can pay for claims such as legal defense fees, funeral expenses, attorney fees and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible. California state minimum liability requirements are 15/30/5 but drivers should carry more liability than the minimum.

The illustration below shows why the minimum limit may not be enough coverage.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like damaging your car on a curb, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible on your CR-V to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Honda CR-V.

Due to the fact that many California drivers carry very low liability coverage limits (California limits are 15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a bird, damage from flooding, rock chips in glass and a broken windshield. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Affordable car insurance is out there

In this article, we covered many tips how you can compare Honda CR-V insurance prices in Riverside. It’s most important to understand that the more times you quote, the better chance you’ll have of finding the cheapest Honda CR-V rate quotes. Drivers may even discover the biggest savings come from a small local company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

Cheaper car insurance in Riverside can be found on the web in addition to local insurance agencies, so you need to quote Riverside car insurance with both to have the best rate selection. There are still a few companies who do not provide online price quotes and these regional carriers prefer to sell through independent insurance agents.

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