Compare Honda CR-V Insurance Quotes in Lubbock

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Insurance for Honda CR-VAre you tired of overpaying and want low-cost Honda CR-V insurance in Lubbock? Price shopping your Honda CR-V insurance in Lubbock is always hard for people who have little experience online comparison shopping. With literally dozens of insurers to choose from, it can easily be a ton of work to find cheaper prices in Texas.

How to find discount Honda CR-V insurance in Lubbock

If saving the most money is your goal, then the best way to save money on auto insurance rates is to start doing a yearly price comparison from insurance carriers that insure vehicles in Lubbock. You can compare prices by following these steps.

  • First, spend some time learning about coverages and the things you can control to prevent high rates. Many policy risk factors that cause rate increases such as at-fault accidents and a low credit rating can be amended by making minor driving habit or lifestyle changes.
  • Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or Allstate, while independent agencies can quote rates for a wide range of companies.
  • Third, compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and make a switch, ensure coverage does not lapse between policies.
  • Fourth, provide proper notification to your current company to cancel your current policy and submit a down payment along with a completed application to the newly selected company. Once received, store the certificate of insurance with the vehicle registration.

An essential thing to point out is that you use the same coverage limits and deductibles on each quote request and and to get quotes from every company you can. Doing this guarantees an apples-to-apples comparison and a complete rate analysis.

It's safe to assume that car insurance companies don't want you to compare rates. Insureds who shop around annually are likely to switch car insurance companies because there is a significant possibility of finding a lower-cost company. A recent survey discovered that consumers who faithfully checked for cheaper rates saved approximately $3,400 over four years compared to drivers who never compared other company's rates.

If finding the best rates on insurance in Lubbock is your ultimate target, knowing how to shop for insurance coverage can save time and make the process easier.

It is always a good idea to do price comparisons yearly because prices are usually higher with each renewal. Just because you found the best price on Honda CR-V insurance in Lubbock a couple years back you can probably find a better rate quote now. Ignore everything you know about car insurance because we're going to show you one of the easiest ways to reduce your cost while increasing coverage.

Choosing the most cost-effective auto insurance policy in Lubbock is easy if you know what you're doing. If you have auto insurance now, you stand a good chance to be able to cut your premiums using this information. Nevertheless, Texas car owners do need to learn how the larger insurance companies determine premium rates.

Keep in mind that comparing more quotes helps increase your odds of locating a lower rate than you're paying now. Some smaller insurers do not give price estimates online, so it's necessary to compare rates from those companies as well.

The providers in the list below provide price quotes in Texas. If you want to find cheap auto insurance in Lubbock, it's highly recommended you visit two to three different companies to get the most affordable price.

Here's why auto insurance is not optional

Despite the potentially high cost of Honda CR-V insurance, insurance is most likely required but also gives you several important benefits.

  • Most states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability insurance in order to license the 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 lienholder, almost all lenders will have a requirement that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may insure your Honda at a more expensive rate and force you to pay a much higher amount than you were paying before.
  • Insurance protects your Honda CR-V and your assets. Insurance will pay for many types of medical costs incurred in an accident. Liability insurance also covers legal expenses if you are sued as the result of an accident. If your Honda gets damaged, your policy will pay to repair the damage.

The benefits of having auto insurance are without a doubt worth the cost, especially for larger claims. An average driver in America is overpaying more than $810 a year so compare rate quotes each time the policy renews to make sure the price is not too high.

Analysis of Honda CR-V rates

The coverage table shown below showcases different policy rates for Honda CR-V models. Having a good understanding how insurance prices are calculated can assist in making informed coverage decisions.

Honda CR-V Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $280 $560 $392 $24 $118 $1,374 $115
CR-V EX 2WD $280 $560 $392 $24 $118 $1,374 $115
CR-V LX 4WD $280 $560 $392 $24 $118 $1,374 $115
CR-V EX 4WD $322 $560 $392 $24 $118 $1,416 $118
CR-V EX-L 2WD $322 $560 $392 $24 $118 $1,416 $118
CR-V EX-L 4WD $322 $560 $392 $24 $118 $1,416 $118
Get Your Own Custom Quote Go

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in Lubbock location which can increase or decrease premium rates greatly.

Deductible comparison

One of the most common insurance questions is how low should you set your deductibles. The rates below can help show how much more rates are when you buy lower versus higher insurance deductibles. The first pricing table uses a $100 deductible for physical damage and the second data table uses a $500 deductible.

Honda CR-V insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $286 $486 $324 $20 $96 $1,237 $103
CR-V EX 2WD $286 $486 $324 $20 $96 $1,237 $103
CR-V LX 4WD $286 $486 $324 $20 $96 $1,237 $103
CR-V EX 4WD $328 $486 $324 $20 $96 $1,279 $107
CR-V EX-L 2WD $328 $486 $324 $20 $96 $1,279 $107
CR-V EX-L 4WD $328 $486 $324 $20 $96 $1,279 $107
Get Your Own Custom Quote Go
Honda CR-V insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $208 $328 $324 $20 $96 $976 $81
CR-V EX 2WD $208 $328 $324 $20 $96 $976 $81
CR-V LX 4WD $208 $328 $324 $20 $96 $976 $81
CR-V EX 4WD $240 $328 $324 $20 $96 $1,008 $84
CR-V EX-L 2WD $240 $328 $324 $20 $96 $1,008 $84
CR-V EX-L 4WD $240 $328 $324 $20 $96 $1,008 $84
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in vehicle location which can alter prices significantly.

Based on the figures above, using a $100 deductible costs an average of $22 more each month or $264 annually averaged for all CR-V models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 18 months between claims, you would save more money if you choose a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $105
Average monthly premium for $500 deductibles (subtract): - $83
Monthly savings from raising deductible: $22
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have a claim. That will force you to have access to more funds in the event you have to pay the higher deductible in order to repair your vehicle.

The example below demonstrates how deductibles and can increase or decrease Honda CR-V annual premium costs for each age group. Data assumes a single female driver, full physical damage coverage, and no discounts are applied to the premium.

How violations and accidents impact rates

The chart below shows how speeding tickets and accident claims impact Honda CR-V insurance premiums for different age groups. Data assumes a single male driver, comp and collision included, $250 deductibles, and no discounts are factored in.

Insurance rates by age and gender

The example below illustrates the difference between Honda CR-V insurance premiums for male and female drivers. The rate quotes are based on no claims or driving violations, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Full coverage versus liability-only in Lubbock

The information below illustrates the difference between Honda CR-V car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or violations, $250 deductibles, single marital status, and no additional discounts are factored in.

Guidelines for dropping full coverage

There isn't a written rule for phasing out comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Honda CR-V replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

Affordable Lubbock auto insurance rates with discounts

Buying auto insurance is not cheap, but you might already qualify for some discounts to cut the cost considerably. Many discounts should be triggered when you get a quote, but occasionally some discounts must be requested specifically before they will apply.Auto insurance discounts

  • Active Military Service - Being on active duty in the military can result in better auto insurance rates.
  • Student Discounts - Being a good student may save as much as 25% on a Lubbock car insurance quote. Earning this discount can benefit you up until you turn 25.
  • Memberships - Being a member of qualifying clubs or civic groups is a good way to get lower rates on your policy.
  • Save over 55 - If you qualify as a senior citizen, you are able to get lower premium rates.
  • No Charge for an Accident - This isn't a discount exactly, but some insurance companies will turn a blind eye to one accident without getting socked with a rate hike so long as you are claim-free for a set time period.
  • Discount for Low Mileage - Driving less may allow you to get slightly better prices than normal.
  • Accident Free - Lubbock drivers who stay claim-free can earn big discounts in comparison to drivers who are more careless.
  • Discount for New Cars - Insuring a new CR-V can be considerably cheaper because newer vehicles have to meet stringent safety requirements.
  • Driver's Education for Students - Require your teen driver to successfully take a driver's education course as it will make them better drivers and lower rates.

As is typical with insurance, most credits do not apply to the whole policy. Most only apply to individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, that's just not realistic. Any amount of discount will positively reduce your policy premium.

The information below illustrates the difference between Honda CR-V insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no claims or violations, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, multi-car, and homeowner discounts applied.

Large auto insurance companies and their possible discounts are shown below.

  • Farm Bureau may have discounts that include youthful driver, driver training, multi-policy, safe driver, and renewal discount.
  • MetLife offers premium reductions for claim-free, accident-free, multi-policy, good driver, and defensive driver.
  • Progressive has discounts for good student, multi-vehicle, online signing, continuous coverage, online quote discount, multi-policy, and homeowner.
  • AAA offers discounts for multi-car, anti-theft, good student, AAA membership discount, education and occupation, and good driver.
  • American Family policyholders can earn discounts including bundled insurance, early bird, air bags, Steer into Savings, and mySafetyValet.
  • GEICO has savings for good student, defensive driver, air bags, multi-policy, anti-lock brakes, and five-year accident-free.
  • State Farm offers discounts including defensive driving training, multiple policy, student away at school, accident-free, and driver's education.

When quoting, ask each insurance company to apply every possible discount. All car insurance discounts may not apply to policyholders in Lubbock.

Local Lubbock auto insurance agents and auto insurance

A small number of people prefer to sit down with an agent and that is recommended in a lot of cases A good thing about comparing rate quotes online is that drivers can save money and get lower rates and still buy from a local agent.

Insurance agents in LubbockAfter completing this quick form, your insurance coverage information is sent to local insurance agents that give free quotes for your insurance coverage. You never need to drive around because prices are sent to the email address you provide. You'll get the best rates and a licensed agent to talk to. If you wish to compare rates for a specific company, you just need to jump over to their website and complete a quote there.

Finding the right insurer shouldn't rely on just a cheap price quote. Here are some questions you should ask.

  • Is the coverage adequate for your vehicle?
  • What kind of financial rating does the company have?
  • Does the company allow you to choose your own collision repair facility?
  • Are all drivers listed on the coverage quote?
  • Is the agency active in community causes in Lubbock?
  • Do they offer accident forgiveness?

Lubbock car insurance agents are either independent or exclusive

If you prefer to buy auto insurance from a good insurance agency, there are two types of insurance agents and how they can quote your rates. Agents are classified as either independent (non-exclusive) or exclusive.

Exclusive Insurance Agents

Exclusive agents can only write with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. They are unable to shop your coverage around so they really need to provide good service. Exclusive agents are usually well trained on what they offer which helps them compete with independent agents. A lot of people choose to use a exclusive agent partially due to loyalty to the company and strong financial ratings.

Below is a short list of exclusive agencies in Lubbock willing to provide comparison quotes.

View more Lubbock agents

Independent Agencies or Brokers

Agents that choose to be independent do not have single company limitations so they have the ability to put coverage with lots of companies and help determine which has the cheapest rates. If you are not satisfied with one company, they simply switch companies in-house and you won't have to switch agencies. When comparing rate quotes, you should always contact multiple independent agents in order to compare the most rates. Most also have access to companies that do not advertise much that may provide cheaper auto insurance rates.

The following is a list of independent insurance agencies in Lubbock who can help you get rate quotes.

View more Lubbock agents

What insurance coverages do I need?

When it comes to buying a policy, there really is no perfect coverage plan. You are unique and your car insurance should be unique as well.Car insurance savings Here are some questions about coverages that may help you determine if you might need professional guidance.

  • When should I not buy collision coverage?
  • What does medical payments cover?
  • Will my insurance pay for OEM parts?
  • Why do I have to buy liability insurance?
  • What does UM/UIM cover?
  • Is my nanny covered when driving my vehicle?
  • Are rock-chip repairs free?
  • What is roadside assistance coverage?
  • Does low annual mileage earn a discount?
  • Am I covered if I back into my garage door?

If you're not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Best car insurance in Lubbock

Ending up with a highly-rated insurance provider can be a challenge considering how many companies there are to choose from in Lubbock. The company rank data below can help you analyze which auto insurers you want to consider when shopping your coverage around.

Top 10 Lubbock Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. The Hartford - A+
  9. Allstate - A+
  10. Nationwide - A+

How much can you save?

You just learned many ideas to reduce Honda CR-V insurance premium rates online in Lubbock. The key concept to understand is the more you quote Lubbock car insurance, the better chance you'll have of finding inexpensive Lubbock car insurance quotes. Consumers could even find that the lowest premium rates come from a company that doesn't do a lot of advertising. Smaller companies may have significantly lower prices on certain market segments compared to the large companies like Allstate or State Farm.

When you buy Lubbock car insurance online, do not sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed full coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.

Lower-priced Honda CR-V insurance in Lubbock is definitely available online and also from your neighborhood Lubbock agents, and you need to comparison shop both to have the best selection. Some car insurance companies may not provide the ability to get a quote online and these regional carriers prefer to sell through independent agents.

Steps to finding low-cost rates for Honda CR-V insurance in Lubbock

If you want to save the most money, the best way to find cheaper quotes for car insurance rates is to make a habit of comparing prices annually from providers that sell auto insurance in Lubbock. You can compare prices by following these steps.

First, take a few minutes and learn about how your policy works and the things you can control to prevent expensive coverage. Many things that are responsible for high rates such as careless driving and a low credit score can be amended by being financially responsible and driving safely.

Second, quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple companies.

Third, compare the new rates to your existing rates and see if there is a cheaper rate in Lubbock. If you find a lower rate, make sure coverage is continuous and does not lapse.

Fourth, give notification to your agent or company of your intention to cancel your current auto insurance policy and submit a completed policy application and payment for your new policy. Immediately upon receiving it, keep your new certificate verifying coverage in your glove compartment.

A valuable tip to remember is to use the same coverage limits and deductibles on each price quote and to quote with as many carriers as you can. This ensures a level playing field and plenty of rates choose from.

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