Insurance quote for Honda CR-V in RenoAre you regretting the purchase of an overpriced insurance policy? Say no more because there are lots of people in the same boat.

Unbelievably, almost 70% of insureds in Nevada have bought insurance from the same company for over three years, and approximately 40% of consumers have never compared quotes from other companies. Many drivers in the U.S. could save an average of 47% each year just by getting comparison quotes, but they assume it's a waste of time to save money by comparing rate quotes. Many car insurance companies compete for your insurance dollar, so it can be very hard to choose a company to get the lowest rate possible on Honda CR-V insurance in Reno.

It's a great practice to do rate comparisons as often as possible because insurance prices change quite often. If you had the lowest price on Honda CR-V insurance in Reno a year ago you can probably find a lower rate today. Forget all the misinformation about insurance because you're about to learn one of the best ways to lower your rates without sacrificing coverage.

If you have a policy now or are shopping for new coverage, use these techniques to lower your rates and still get good coverage. Buying the cheapest auto insurance in Reno is actually very simple if you learn how to start. Vehicle owners only need an understanding of the tricks to get comparison quotes from many different companies online.

The companies shown below are our best choices to provide free rate quotes in Reno, NV. If several companies are displayed, we suggest you click on several of them to get a more complete price comparison.

Honda CR-V Insurance Rates in Reno, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CR-V LX 2WD $210 $362 $270 $16 $80 $938 $78
CR-V EX 2WD $146 $260 $296 $18 $88 $808 $67
CR-V LX 4WD $110 $214 $296 $18 $88 $726 $61
CR-V EX 4WD $184 $274 $246 $14 $74 $792 $66
CR-V EX-L 2WD $114 $176 $252 $14 $76 $632 $53
CR-V EX-L 4WD $238 $330 $262 $16 $78 $924 $77
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in garaging location in Reno which can alter coverage prices substantially.

Price comparison of only insuring for liability

The example below visualizes the comparison of Honda CR-V insurance premiums with full physical damage coverage and with liability coverage only. The premiums are based on no claims or driving citations, $100 deductibles, married male driver, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive guideline of when to phase out physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Honda CR-V book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year to have full coverage, then it could be time to drop full coverage.

There are a few situations where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry 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 not consider dropping full coverage.

Comparison of policy deductibles

A question often asked by Reno drivers is how low should you set your deductibles. The figures shown below determine the difference in cost when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $250 deductible and the second rate table 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 $208 $330 $262 $16 $78 $919 $77
CR-V EX 2WD $208 $330 $262 $16 $78 $919 $77
CR-V LX 4WD $208 $330 $262 $16 $78 $919 $77
CR-V EX 4WD $238 $330 $262 $16 $78 $949 $79
CR-V EX-L 2WD $238 $330 $262 $16 $78 $949 $79
CR-V EX-L 4WD $238 $330 $262 $16 $78 $949 $79
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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 $128 $208 $262 $16 $78 $692 $58
CR-V EX 2WD $128 $208 $262 $16 $78 $692 $58
CR-V LX 4WD $128 $208 $262 $16 $78 $692 $58
CR-V EX 4WD $148 $208 $262 $16 $78 $712 $59
CR-V EX-L 2WD $148 $208 $262 $16 $78 $712 $59
CR-V EX-L 4WD $148 $208 $262 $16 $78 $712 $59
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in garaging location in Reno which can revise coverage rates considerably.

We can derive from the above data that using a $250 deductible will cost you about $19 more each month or $228 each year than requesting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 39 months between claims, you would save more money if you opt for a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $78
Average monthly premium for $1,000 deductibles (subtract): - $59
Monthly savings from raising deductible: $19
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more when you file a claim. That will require some extra funds in order to pay the deductible for vehicle repair.

Car insurance discounts are available to get cheap rates

Some companies don't necessarily list the complete list of policy discounts in a way that's easy to find, so the next list breaks down some of the more common as well as some of the hidden discounts that you can inquire about if you buy Reno car insurance online.Cheaper car insurance with discounts

We need to note that many deductions do not apply to the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it appears you can get free auto insurance, you won't be that lucky.

Auto insurance companies who may offer many of the previously listed discounts include:

When getting a coverage quote, ask each company what discounts are available to you. Some discounts listed above might not be offered in Reno. If you would like to choose from a list of providers who offer free Honda CR-V insurance quotes in Reno, click here to view.

Components of Your Honda CR-V Insurance Costs

Consumers need to have an understanding of the factors that help determine your auto insurance rates. When you understand what influences your rates, this enables informed choices that can earn you much lower annual insurance costs. Many factors are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as traffic violations, although others are less apparent such as your marital status or your commute time.

Are insurance agents a thing of the past?

Some consumers still like to talk to a local agent and that is just fine! Good agents can help determine the best coverages and help submit paperwork. The biggest benefit of comparing rate quotes online is that drivers can save money and get lower prices and also buy local.

Insurance agents in RenoBy using this simple form, the coverage information is sent to local insurance agents who want to provide quotes for your business. You won't even need to contact any insurance agencies because prices are sent to the email address you provide. If you want to get a comparison quote for a specific company, you just need to navigate to their website and fill out their quote form.

Deciding on an insurance company should depend on more than just the price. Here are some questions to ask:

When searching for an insurance agent, it's important to understand the different agency structures that you can choose from. Car insurance agents in Reno can be categorized as either independent (non-exclusive) or exclusive. Either can insure your vehicles properly, but it is a good idea to know how they are different because it can impact the kind of agent you use.

Exclusive Car Insurance Agencies

These type of agents can only quote rates from one company and examples are American Family, State Farm, and AAA. They generally cannot provide rate quotes from other companies so they have to upsell other benefits. Exclusive insurance agents are highly trained on what they offer and that can be a competitive advantage.

Below are Reno exclusive insurance agencies that are able to give price quote information.

1111 Steamboat Pkwy #450 - Reno, NV 89521 - (775) 851-0101 - View Map

918 W 2nd St - Reno, NV 89503 - (775) 827-6624 - View Map

705 S Wells Ave #100 - Reno, NV 89502 - (775) 284-9844 - View Map

More Reno agents

Independent Agents (or Brokers)

These agents can sell policies from many different companies so they can write business with any number of different companies and help determine which has the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier and you won't have to switch agencies.

When comparing car insurance rates, you need to get insurance quotes from at least one independent agent to have the most options to choose from.

Below is a list of independent agents in Reno who can help you get price quotes.

7025 Longley Ln #60 - Reno, NV 89511 - (775) 827-1400 - View Map

6160 Plumas St # 201 - Reno, NV 89519 - (775) 829-2345 - View Map

10399 Double R Blvd #107 - Reno, NV 89521 - (775) 502-8444 - View Map

More Reno agents

Shop around and save

While you're price shopping online, never buy poor coverage just to save money. In too many instances, someone dropped liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage at a price you can afford while still protecting your assets.

Lower-priced Honda CR-V insurance in Reno can be sourced online and from local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies may not offer online rate quotes and most of the time these smaller providers only sell coverage through independent agents.

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