To save the most money, the best way to find cheaper prices for car insurance rates is to do a yearly price comparison from insurance carriers who can sell car insurance in Raleigh. Price quotes can be compared by following these guidelines.
First, try to learn a little about car insurance and the measures you can control to lower rates. Many things that cause high rates such as inattentive driving and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes. Continue reading for information to get low prices and get additional discounts that may be available.
Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can quote prices from multiple sources.
Third, compare the new quotes to your existing coverage and determine if cheaper CR-V coverage is available in Raleigh. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide written notification to your current company of your intention to cancel your current auto insurance policy. Submit a down payment and signed policy application for your new coverage. Once coverage is bound, place your new certificate verifying proof of insurance with your vehicle’s registration.
An important part of this process is to make sure you enter similar coverage information on each quote and and to get price estimates from every company you can. This helps ensure a fair rate comparison and a complete selection of prices.
Unbelievably, over 70% of drivers have been with the same company for four years or more, and practically 40% of insurance customers have never shopped around. The average driver in North Carolina can save hundreds of dollars each year just by shopping around, but they don’t know the amount of money they would save if they switched to a cheaper policy.
Locating the most cost-effective auto insurance policy in Raleigh is quite easy. If you have coverage now or need new coverage, use these money-saving tips to save money without sacrificing coverage. Drivers only have to learn the best way to shop their coverage around from multiple carriers.
Best Honda CR-V insurance rates in North Carolina
The following companies have been selected to offer price quotes in Raleigh, NC. To buy cheap auto insurance in Raleigh, we suggest you visit several of them to get the cheapest price.
Analysis of coverages
The data table below showcases different insurance policy prices for Honda CR-V models. Learning as much as possible about how insurance quotes are formulated is important for drivers to make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $124 | $198 | $218 | $12 | $66 | $618 | $52 |
| CR-V EX 2WD | $124 | $198 | $218 | $12 | $66 | $618 | $52 |
| CR-V LX 4WD | $124 | $198 | $218 | $12 | $66 | $618 | $52 |
| CR-V EX 4WD | $142 | $198 | $218 | $12 | $66 | $636 | $53 |
| CR-V EX-L 2WD | $142 | $198 | $218 | $12 | $66 | $636 | $53 |
| CR-V EX-L 4WD | $142 | $198 | $218 | $12 | $66 | $636 | $53 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in specific garaging location which can revise auto insurance rates substantially.
The information below shows how choosing a deductible and can affect Honda CR-V yearly insurance costs for different age groups of insureds. The premiums assume a married male driver, comp and collision included, and no discounts are applied.
Poor driving habits will raise your car insurance rates
The illustration below highlights how speeding tickets and fender-benders can increase Honda CR-V car insurance costs for each age group. The rates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Annual premiums comparing men and women in Raleigh
The chart below shows the comparison of Honda CR-V yearly insurance costs for male and female drivers. The rates are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Price comparison of only insuring for liability
The example below compares Honda CR-V insurance premiums with full coverage compared to only the North Carolina minimum liability coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There isn’t a written rule for eliminating comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s pretend your Honda CR-V settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying your deductible. If it’s costing in excess of $700 annually for full coverage, then it might be time to buy liability only.
There are a few situations where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Verify you’re getting every discount
Some companies don’t list every discount in a way that’s easy to find, so below is a list a few of the more common as well as some of the hidden credits available to lower your premiums when you buy Raleigh car insurance online.
- Service Members Pay Less – Having an actively deployed family member may lower your car insurance rates slightly.
- Sign Online – Certain insurance companies may give you up to $50 for signing up online.
- Passive Restraint Discount – Factory air bags or automatic seat belts can qualify for discounts of more than 20%.
- Buy New and Save – Putting car insurance coverage on a new CR-V can be considerably cheaper because new vehicles are generally safer.
- Life Insurance – Car insurance companies who offer life insurance give a discount if you purchase some life insurance in addition to your auto policy.
- Clubs and Organizations – Belonging to a professional or civic organization is a good way to get lower rates on car insurance.
- Distant Student Discount – Kids who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.
- Waiver for an Accident – Not a discount per se, but some companies like GEICO, State Farm, and Progressive permit an accident without raising rates so long as you are claim-free prior to the accident.
- Raleigh Homeowners Discount – Owning a house in Raleigh may earn you a small savings since home ownership is proof of financial responsibility.
Policy discounts save money, but most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as medical payments or collision. Just because you may think you could get a free car insurance policy, it’s just not the way it works.
The information below shows the comparison of Honda CR-V auto insurance costs with and without policy discounts. The price estimates are based on a male driver, a clean driving record, no claims, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-policy, homeowner, multi-car, and claim-free discounts applied.
A list of companies and their possible discounts are shown below.
- American Family includes discounts for mySafetyValet, air bags, early bird, good driver, accident-free, and good student.
- Nationwide may offer discounts for Farm Bureau membership, family plan, defensive driving, accident-free, anti-theft, multi-policy, and good student.
- MetLife has savings for good student, multi-policy, good driver, defensive driver, accident-free, claim-free
- 21st Century offers discounts including good student, air bags, anti-lock brakes, homeowners, and early bird.
- Farmers Insurance offers discounts for early shopping, alternative fuel, electronic funds transfer, multi-car, business and professional, mature driver, and teen driver.
- Allstate discounts include good student, anti-theft, 55 and retired, anti-lock brakes, defensive driver, premier discount, and resident student.
Check with each insurance company to give you their best rates. A few discounts may not be available in your state. If you would like to choose from a list of car insurance companies that offer many of these discounts in North Carolina, click here.
Auto insurance agents near you
Some consumers would rather sit down with an agent and that is OK! Professional agents can make sure you are properly covered and help in the event of a claim. A good thing about price shopping on the web is you can get the lowest rates and also buy local.
Upon completion of this short form, your coverage information is immediately sent to local insurance agents in Raleigh who will give you quotes for your coverage. You don’t have to leave your computer since rate quotes are delivered to your email. If for some reason you want to get a comparison quote from a specific company, feel free to visit that company’s website and give them your coverage information.
Selecting an company should include more criteria than just the price. Ask your prospective agent these questions:
- Which company do they place the most coverage with?
- Do they get extra compensation for selling add-on coverages?
- What is the financial rating for the quoted company?
- How often do they review coverages?
- Do they regularly work with personal auto policies in Raleigh?
- How does the company pay claims for a total loss?
The following is a list of insurance companies in Raleigh willing to provide price quotes for Honda CR-V insurance in Raleigh.
- Allstate Insurance: Jay Adkins
1033 Oberlin Rd Ste 200 – Raleigh, NC 27605 – (919) 755-1133 – View Map - Wade S Dunbar Insurance
7951 Monument Ln # 201 – Raleigh, NC 27615 – (919) 720-2290 – View Map - Marcus L Davis Agency
3901 Barrett Dr Suite 312 – Raleigh, NC 27609 – (919) 772-7698 – View Map - State Farm: Jerome Murray
8410 Louisburg Rd #100 – Raleigh, NC 27616 – (919) 266-9371 – View Map
Insurance coverages and their meanings
Having a good grasp of insurance can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring.
Collision coverage
This will pay to fix damage to your CR-V resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as colliding with a tree, scraping a guard rail and crashing into a ditch. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible on your CR-V to get cheaper collision coverage.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like funeral costs, chiropractic care, hospital visits, EMT expenses and ambulance fees. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Comprehensive coverage
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like vandalism, damage from getting keyed, rock chips in glass, damage from flooding and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Coverage for liability
This can cover injuries or damage you cause to a person or their property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 30/60/25 which stand for a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property.
Liability can pay for claims like court costs, legal defense fees, repair bills for other people’s vehicles and funeral expenses. How much coverage you buy is up to you, but buy as much as you can afford. North Carolina requires minimum liability limits of 30/60/25 but drivers should carry higher limits.
The illustration below shows why buying low liability limits may not provide adequate coverage.
Uninsured/Underinsured Motorist coverage
This coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many North Carolina drivers have only the minimum liability required by law (North Carolina limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.
Cheap rates are available
Drivers change insurance companies for a number of reasons such as policy cancellation, being labeled a high risk driver, unfair underwriting practices and high rates after DUI convictions. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
We just covered many ideas to get a better price on Honda CR-V insurance in Raleigh. The key thing to remember is the more quotes you get, the better chance you’ll have of finding the cheapest Honda CR-V rate quotes. You may even be surprised to find that the biggest savings come from an unexpected company.
While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at the best cost, but do not skimp to save money.
Helpful information
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Auto Insurance Quotes for Uninsured Drivers in Raleigh? (FAQ)
- Rental Reimbursement Coverage (Allstate)
- Prom Night Tips for Teen Drivers (State Farm)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)