Cheapest Insurance for a Honda CR-V in Kansas City

The most effective way to get low-cost Honda CR-V insurance is to start doing an annual price comparison from companies who sell insurance in Kansas City.

One thing to remember is to try to use similar limits and deductibles on every quote request and and to get rate quotes from all possible companies. Doing this ensures a fair rate comparison and the best price selection.

Insurance quote for Honda CR-V in Kansas CityIt’s safe to conclude that auto insurance companies don’t want you to look at other companies. Consumers who perform rate comparisons are inclined to buy a new policy because there is a good chance of finding a lower-cost company. A recent insurance study discovered that drivers who compared rate quotes regularly saved on average $865 a year compared to drivers who never compared prices.

If saving money on car insurance is your ultimate target, then having some insight into how to shop for auto insurance can make it easier to shop your coverage around.

If you are insured now, you will surely be able to cut your premiums using the ideas you’re about to read. Locating the best rates in Kansas City is not that difficult. But Missouri car owners need to have an understanding of the way companies sell online because it varies considerably.

Analysis of Honda CR-V rates

The coverage table shown next covers a range of insurance rates for Honda CR-V models. Having a good understanding how car insurance premiums are calculated can help customers make informed coverage decisions.

Honda CR-V Insurance Rates in Kansas City, MO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $162 $282 $306 $18 $92 $860 $72
CR-V EX 2WD $162 $282 $306 $18 $92 $860 $72
CR-V LX 4WD $162 $282 $306 $18 $92 $860 $72
CR-V EX 4WD $186 $282 $306 $18 $92 $884 $74
CR-V EX-L 2WD $186 $282 $306 $18 $92 $884 $74
CR-V EX-L 4WD $186 $282 $306 $18 $92 $884 $74
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in your specific Kansas City location which can influence premiums significantly.

Physical damage deductibles: Should you raise them?

When comparing car insurance rates, the most common question is which deductibles should you choose. The data tables below can help you understand the price difference between low and high physical damage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Honda CR-V insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $180 $286 $226 $14 $68 $799 $67
CR-V EX 2WD $180 $286 $226 $14 $68 $799 $67
CR-V LX 4WD $180 $286 $226 $14 $68 $799 $67
CR-V EX 4WD $206 $286 $226 $14 $68 $825 $69
CR-V EX-L 2WD $206 $286 $226 $14 $68 $825 $69
CR-V EX-L 4WD $206 $286 $226 $14 $68 $825 $69
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Honda CR-V insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $110 $180 $226 $14 $68 $598 $50
CR-V EX 2WD $110 $180 $226 $14 $68 $598 $50
CR-V LX 4WD $110 $180 $226 $14 $68 $598 $50
CR-V EX 4WD $128 $180 $226 $14 $68 $616 $51
CR-V EX-L 2WD $128 $180 $226 $14 $68 $616 $51
CR-V EX-L 4WD $128 $180 $226 $14 $68 $616 $51
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rates do not factor in specific location which can increase or decrease auto insurance rates substantially.

Based on the above data, using a $250 deductible will cost in the ballpark of $17 more each month or $204 each year than requesting the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 44 months between claim filings, you would probably save some money if you elect the higher deductible.

Car insurance prices based on gender

The diagram below shows the difference between Honda CR-V insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Does full coverage make sense?

The chart below illustrates the comparison of Honda CR-V car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Missouri. Data assumes no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to stop buying full coverage

There is no definitive rule to exclude physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your Honda CR-V replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after the deductible is paid. If you are paying more than $800 a year to have full coverage, then you may need to consider dropping full coverage.

There are a few situations where only buying liability is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Car insurance coverage considerations

Understanding the coverages of a car insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages available from car insurance companies.

Collision coverage – This coverage pays for damage to your CR-V caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as crashing into a ditch, rolling your car and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also raise the deductible on your CR-V to get cheaper collision coverage.

Coverage for medical expenses – Med pay and PIP coverage kick in for bills like prosthetic devices, ambulance fees, nursing services and pain medications. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers – This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Honda CR-V.

Since a lot of drivers carry very low liability coverage limits (which is 25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently these limits are similar to your liability insurance amounts.

Liability coverages – Liability coverage provides protection from damage that occurs to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/10 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $10,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability insurance covers things like repair bills for other people’s vehicles, legal defense fees, emergency aid, attorney fees and medical services. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible. Missouri requires drivers to carry at least 25/50/10 but it’s recommended drivers buy more coverage.

The next chart demonstrates why buying minimum limits may not be high enough to adequately cover claims.

Comprehensive car insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, hitting a bird and damage from flooding. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Cheaper insurance premiums are out there

In this article, we presented a lot of tips how to save on Honda CR-V insurance in Kansas City. The key concept to understand is the more quotes you get, the higher the chance of saving money. Consumers may even find the lowest car insurance rates are with some of the lesser-known companies. These companies may often insure only within specific states and give better rates than their larger competitors like Allstate and Progressive.

Cost effective Honda CR-V insurance can be purchased on the web and from local agencies, and you need to price shop both to have the best selection. There are still a few companies who may not have online price quotes and many times these regional carriers only sell through independent insurance agents.

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