Shocking but true, most consumers have remained with the same car insurance company for more than four years, and nearly the majority have never shopped around. Most drivers in Ohio can save nearly $729 each year just by shopping around, but they think it’s difficult to shop around.
It takes a few minutes, but the best way to find discount Honda CR-V insurance is to do a yearly price comparison from companies who sell auto insurance in Toledo.
- First, spend some time learning about how companies set rates and the changes you can make to keep rates down. Many rating factors that are responsible for high rates like at-fault accidents and an imperfect credit score can be amended by making minor changes in your lifestyle. This article gives instructions to keep prices down and find available discounts that you may qualify for.
- Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Allstate, while independent agencies can provide rate quotes for a wide range of insurance providers.
- Third, compare the price quotes to your existing policy to see if a cheaper rate is available. If you find a lower rate quote, verify that coverage does not lapse between policies.
- Fourth, provide written notification to your current company of your decision to cancel the current policy. Submit payment and a signed application to the newly selected company. As soon as coverage is bound, store the proof of insurance certificate with your vehicle’s registration.
One thing to remember is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each price quote and and to get price estimates from as many companies as you can. This enables a level playing field and a thorough price selection.
Auto insurance providers offering affordable price quotes in Ohio
The auto insurance companies shown below have been selected to offer free quotes in Ohio. In order to find cheap car insurance in Ohio, we recommend you visit as many as you can to get the cheapest price.
Honda CR-V insurance rates and statistics
The premium table below covers detailed analysis of rate quotes for Honda CR-V models. Understanding how policy premiums are formulated is important for you to make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $108 | $152 | $252 | $14 | $76 | $602 | $50 |
| CR-V EX 2WD | $108 | $152 | $252 | $14 | $76 | $602 | $50 |
| CR-V LX 4WD | $108 | $152 | $252 | $14 | $76 | $602 | $50 |
| CR-V EX 4WD | $124 | $152 | $252 | $14 | $76 | $618 | $52 |
| CR-V EX-L 2WD | $124 | $152 | $252 | $14 | $76 | $618 | $52 |
| CR-V EX-L 4WD | $124 | $152 | $252 | $14 | $76 | $618 | $52 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Information does not factor in Toledo location which can modify auto insurance rates greatly.
Deductible analysis
A question often asked by Toledo drivers is which deductible level should you buy. The comparison tables below can help you visualize the rate difference when you buy lower versus higher physical damage coverage deductibles. The first data set uses a $250 physical damage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| CR-V EX 2WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| CR-V LX 4WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| CR-V EX 4WD | $176 | $242 | $192 | $12 | $58 | $705 | $59 |
| CR-V EX-L 2WD | $176 | $242 | $192 | $12 | $58 | $705 | $59 |
| CR-V EX-L 4WD | $176 | $242 | $192 | $12 | $58 | $705 | $59 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $124 | $196 | $192 | $12 | $58 | $582 | $49 |
| CR-V EX 2WD | $124 | $196 | $192 | $12 | $58 | $582 | $49 |
| CR-V LX 4WD | $124 | $196 | $192 | $12 | $58 | $582 | $49 |
| CR-V EX 4WD | $142 | $196 | $192 | $12 | $58 | $600 | $50 |
| CR-V EX-L 2WD | $142 | $196 | $192 | $12 | $58 | $600 | $50 |
| CR-V EX-L 4WD | $142 | $196 | $192 | $12 | $58 | $600 | $50 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can modify coverage rates noticeably.
Based on the figures above, using a $250 deductible costs approximately $8 more each month or $96 each year than quoting the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at least 31 months between claim filings, you would probably save some money by going with a higher deductible. The table below shows the way this calculation is made.
| Average monthly premium for $250 deductibles: | $58 |
| Average monthly premium for $500 deductibles (subtract): | – $50 |
| Monthly savings from raising deductible: | $8 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $8 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
An important sidenote is that a higher deductible level results in more money out-of-pocket when you have a claim. You should have enough money stashed away in the event you need to pay the higher deductible.
Auto insurance prices based on gender
The information below illustrates the comparison of Honda CR-V yearly insurance costs for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, full coverage, $250 deductibles, marital status is single, and no discounts are applied.
Honda CR-V full coverage rates compared to liability only
The illustration below illustrates the difference between Honda CR-V insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no policy discounts are applied.
When to stop buying comprehensive and collision coverage
There is no exact rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s pretend your Honda CR-V book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the deductible is paid. If you are paying over $300 annually for your policy with full coverage, then it might be time to buy liability only.
There are some circumstances where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
Discounts for cheaper auto insurance quotes
Auto insurance is not an enjoyable expense, but you might find some hidden discounts to help bring down the price. Certain discounts will be applied at the time you complete a quote, but a few must be asked for before you get the savings.
- Auto/Home Discount – If you can bundle your auto and homeowners insurance with the same company you could earn a discount of at least 10 to 15 percent or more.
- Multiple Cars – Buying insurance for multiple vehicles with one company can reduce rates for all insured vehicles.
- Student Discount for Driver Training – It’s a good idea to have your young drivers complete a driver education course as it will make them better drivers and lower rates.
- Payment Method – By paying your entire bill at once as opposed to paying monthly you can avoid monthly service charges.
- Good Student Discount – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
- Senior Citizen Rates – Older drivers can possibly qualify for a small decrease in premiums.
- Auto/Life Discount – If the company offers life insurance, you could get a small discount if you purchase a life insurance policy as well.
We need to note that some credits don’t apply to the overall cost of the policy. Most only apply to individual premiums such as comprehensive or collision. So even though you would think all the discounts add up to a free policy, nobody gets a free ride.
The information below compares Honda CR-V yearly insurance costs with and without discounts being applied to the rates. The premiums assume a male driver, no claims or violations, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, homeowner, multi-policy, and multi-car discounts applied.
Companies and their possible discounts are outlined below.
- State Farm may have discounts that include accident-free, good driver, safe vehicle, multiple autos, and student away at school.
- Farmers Insurance may offer discounts for youthful driver, early shopping, mature driver, homeowner, bundle discounts, pay in full, and multi-car.
- GEICO has savings for military active duty, seat belt use, anti-theft, air bags, federal employee, and emergency military deployment.
- American Family has discounts for good student, defensive driver, air bags, TimeAway discount, early bird, and accident-free.
- Nationwide includes discounts for family plan, accident-free, good student, multi-policy, anti-theft, and easy pay.
- Progressive offers premium reductions for online quote discount, online signing, multi-policy, multi-vehicle, continuous coverage, and homeowner.
Before you buy a policy, ask each company the best way to save money. Some of the earlier mentioned discounts may not be available in Toledo. To find insurers that have a full spectrum of discounts in Ohio, click here to view.
What insurance coverages do I need?
Always remember that when buying insurance from an agent or online, there really is no best way to insure your cars. Each situation is unique so this has to be addressed. For example, these questions could help you determine whether or not you would benefit from an agent’s advice.
- If my pet gets injured in an accident are they covered?
- When should my teen driver be added to my policy?
- Are my custom wheels covered?
- Does my personal policy cover me when driving out-of-state?
- What is covered by UM/UIM coverage?
- Is there a penalty for late payment?
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.
Local Toledo auto insurance agents and auto insurance
Some people just prefer to visit with an insurance agent and that is OK! The biggest benefit of getting online price quotes is that you can obtain cheaper rates and still buy from a local agent.
To find an agent, once you fill out this form (opens in new window), the coverage information is emailed to companies in Toledo that can provide free Toledo car insurance quotes for your business. You won’t need to contact any agents because prices are sent directly to you. You can find lower rates AND an agent nearby. If for some reason you want to compare rates from one company in particular, you would need to visit that company’s website and complete a quote there.
Finding a good insurer is decision based upon more than just the price. Agents should be asked these questions:
- Does the agent have professional designations like CIC, CPCU or AIC?
- Which insurance companies are they affiliated with?
- How many years of experience in personal auto insurance do they have?
- How does the company pay claims for a total loss?
- Does the agent have a valid license to sell insurance in Ohio?
If you would like to find an insurance agent, you need to know there are two different types of agencies to choose from. Agents in Toledo may be either independent or exclusive depending on the company they work for.
Exclusive Agencies
Exclusive insurance agents can only quote rates from one company such as AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to provide rate quotes from other companies so keep that in mind. These agents are usually quite knowledgeable on the products they sell which helps offset the inability to provide other markets. Many people buy insurance from these agents partially due to the prominent brand name instead of buying on price only.
The following is a short list of exclusive insurance agencies in Toledo who may provide you with price quotes.
- Farmers Insurance – Patrick Hogan
3700 N Holland Sylvania Rd – Toledo, OH 43615 – (419) 517-5579 – View Map - Becki Ballenger – State Farm Insurance Agent
3520 Heatherdowns Blvd #5 – Toledo, OH 43614 – (419) 385-5775 – View Map - Allstate Insurance: Chuck Bodette
1310 W Sylvania Ave – Toledo, OH 43612 – (419) 478-2400 – View Map
Independent Auto Insurance Agents
Agents that choose to be independent often have many company appointments so they have the ability to put coverage through many different auto insurance companies and possibly get better coverage at lower prices. If you are not satisfied with one company, they simply move the coverage in-house and that require little work on your part.
When comparison shopping, you should always check rates from independent agents in order to have the best price comparison. Most independent agents also contract with smaller mutual companies who may have lower rates.
The following are Toledo independent insurance agents that can give you rate quotes.
- Kranz PJ Insurance Agency
4349 Talmadge Rd – Toledo, OH 43623 – (419) 473-2416 – View Map - Anderson-Miller Insurance
4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 – View Map - Stoner Johnson Insurance Agency
2330 Airport Hwy – Toledo, OH 43609 – (419) 385-3101 – View Map
Cheaper auto insurance is a realistic goal
Lower-priced Honda CR-V insurance in Toledo is possible on the web and from local insurance agents, and you need to comparison shop both to have the best selection. Some insurance companies don’t offer the ability to get quotes online and usually these small insurance companies provide coverage only through independent agencies.
You just learned a lot of tips how to reduce Honda CR-V insurance car insurance rates online in Toledo. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest car insurance rates come from some of the smallest insurance companies. These companies can often provide lower premium rates in certain areas compared to the large companies like Progressive and GEICO.
As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.
For more information, feel free to browse the resources below:
- Where can I buy Insurance? (Insurance Information Institute)
- Who Has Affordable Auto Insurance Quotes for Drivers with a Bad Driving Record in Toledo? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Toledo? (FAQ)
- Who Has Affordable Toledo Car Insurance for Seniors? (FAQ)
- How Much is Auto Insurance for a Company Car in Toledo? (FAQ)
- What Car Insurance is Cheapest for a Honda Civic in Toledo? (FAQ)
- Who Has Cheap Toledo Car Insurance Quotes for a Ford Escape? (FAQ)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- Alcohol Impaired Driving FAQ (iihs.org)
- Tools for Teen Driving Safety (State Farm)