Who Has Affordable Plano Auto Insurance for a Honda CR-V?

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

Finding economical car insurance for a Honda CR-V is dependent upon many different factors such as how old the vehicle is, if you have prior claims, and your motor vehicle report. Texas drivers pay around $903 annually to insure their CR-V, but that amount is using a 50-year-old married female driver with both comprehensive and collision coverage and $100 deductibles.

This brings up the issue that more than likely you aren't exactly 50 years old or even a female, maybe you are single instead of married, or maybe your CR-V is old enough that it doesn't require full coverage. This example demonstrates why the only real way to find cheap auto insurance rates for your Honda is to compare as many rates as you can. It takes less than five minutes and you can get rates from top-rated car insurance companies in Texas.

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The trim level of your CR-V tends to have a direct impact on the coverage cost, so the price to insure a CR-V LX 2WD will be $32 less than the insurance cost for the higher-priced CR-V EX-L 4WD version, as shown in the chart below.

Honda CR-V Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $220 $404 $304 $18 $92 $1,038 $87
CR-V EX 2WD $220 $404 $304 $18 $92 $1,038 $87
CR-V LX 4WD $220 $404 $304 $18 $92 $1,038 $87
CR-V EX 4WD $252 $404 $304 $18 $92 $1,070 $89
CR-V EX-L 2WD $252 $404 $304 $18 $92 $1,070 $89
CR-V EX-L 4WD $252 $404 $304 $18 $92 $1,070 $89
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Table data does not factor in Plano location which can decrease or increase premium rates noticeably.

Figuring out which companies offer the most affordable auto insurance rates for a Honda CR-V takes more work than just comparing rates from one or two companies. Every insurance provider uses a different method for filing rates in each state, so let's take a look at the auto insurance companies with the overall cheapest rates in Plano.

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Rankings for the cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,128
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,294
5 Esurance $1,379
6 California Casualty $1,438
7 Mercury $1,461
8 State Farm $1,465
9 Nationwide $1,600
10 Safe Auto $1,613
11 Allstate $1,650
12 Progressive $1,664
13 Amica $1,705
14 Home State $2,071
15 GEICO $2,135
16 Encompass $2,232
17 MetLife $2,249
18 Unitrin $2,310
19 21st Century $2,396
20 Titan $2,594
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Travelers may have some of the most affordable car insurance rates in Plano at around $1,021 each year. This is $883 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the cheapest Plano, TX auto insurance companies.

As illustrated above, if you currently buy coverage from Esurance and switched to USAA, you could see annual savings of in the neighborhood of $251. Insureds with California Casualty may save as much as $310 a year, and Mercury policyholders might reduce prices by as much as $333 a year.

Remember that these rates are averages across all drivers and vehicles in Texas and are not factoring in a specific location for a Honda CR-V. So the company that has the cheapest price for you may not even be in the top 23 companies shown above. That helps illustrate why you need to quote rates from many companies using your own driver data and vehicle information.

Drive safe and save

In a perfect world, the best way to enjoy the cheapest auto insurance prices in Plano for a CR-V is to drive attentively and avoid at-fault accidents and violations. The illustration below shows how violations and fender-benders influence insurance rates for different age groups. The price estimates are based on a single male driver, full coverage, $100 deductibles, and no discounts are applied.

In the previous chart, the average cost of auto insurance in Texas per year with no accidents or violations is $2,233. Add in two speeding tickets and the average cost hikes up to $2,967, an increase of $734 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for a Honda CR-V increases to an average of $3,686. That's an increase of $1,453, or $121 per month, just for not driving safely!

Low rates can quickly become overpriced

Plano auto insurance rates are impacted by many factors that may substantially change the cost of having a policy. Getting older, getting divorced, or having an accident may generate price changes that can make some companies cheaper than before.

In addition to those changes, insurers file new Texas auto insurance rates every year to adjust for heavy claims or excess profits. An extended period of higher than normal claims can result in increased policy costs, while better underwriting can produce cheaper CR-V insurance rates.

To illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Plano, TX for a 45-year-old male driver with no accidents or violations, and a decent credit rating. When quoting prices based on his current situation, Travelers may have the cheapest car insurance rates in Plano at $1,040 per year. This is $864 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remainder of the best Plano, TX auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates an accident surcharge, slightly worse credit, and an imperfect driving record. Since every car insurance company has their own unique process for determining rates, getting updated rate quotes may result in a new list of affordable companies as shown below.

State Farm now has the cheapest car insurance in Plano with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This example demonstrates why it is crucial to compare lots of rates to find the lowest auto insurance quotes for a Honda CR-V. Rates consist of many different factors and can change substantially, so the most affordable company two years ago may now be quite expensive.