Buying cheap auto insurance for a Honda CR-V in Illinois depends on a large number of factors such as driver age, if you have a tendency to file claims, and your choice of physical damage deductibles. Drivers pay around $564 a year for CR-V insurance, but that is a valuation based upon a 40-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
Most likely you aren’t exactly 40 years old or even a male, single instead of married, or maybe you have a speeding ticket or two that will increase rates. Even a minor change in rating criteria could end up in a significant change in the policy rate.
The different assumptions illustrate why the best way to find the cheapest coverage for your Honda is to just compare rates yourself. Quotes only take a couple of minutes and you will get price quotes from the cheapest companies that insure vehicles in Illinois.
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The trim level of your vehicle will be a contributing factor to the cost of coverage, so the price you will be charged to insure a CR-V LX 2WD trim level will be $20 lower than the cost to insure the fancier CR-V EX-L 4WD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $130 | $208 | $228 | $14 | $68 | $648 | $54 |
| CR-V EX 2WD | $130 | $208 | $228 | $14 | $68 | $648 | $54 |
| CR-V LX 4WD | $130 | $208 | $228 | $14 | $68 | $648 | $54 |
| CR-V EX 4WD | $150 | $208 | $228 | $14 | $68 | $668 | $56 |
| CR-V EX-L 2WD | $150 | $208 | $228 | $14 | $68 | $668 | $56 |
| CR-V EX-L 4WD | $150 | $208 | $228 | $14 | $68 | $668 | $56 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in specific location which can lower or raise premium rates substantially.
Establishing which company quotes the most affordable car insurance rates for a Honda CR-V will require a tad more effort than just comparing a company or two. Each auto insurance company has a unique formula to set their prices, so we need to take a look at the lowest cost car insurance companies in Chicago.
It’s a good idea to know that Chicago, IL car insurance rates are based on many factors which can significantly increase or decrease the policy premium. Simply improving your credit, becoming a homeowner, or getting into an accident can trigger changes in premium that can cause some rates to be more affordable than the competition.
Best Auto Insurance Prices for Your Honda
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $753 |
| 2 | Rockford Mutual | $813 |
| 3 | Titan | $852 |
| 4 | Erie | $905 |
| 5 | Cincinnati Insurance | $915 |
| 6 | Travelers | $961 |
| 7 | Utica National | $975 |
| 8 | SECURA | $975 |
| 9 | USAA | $979 |
| 10 | State Farm | $1,002 |
| 11 | Safeco | $1,053 |
| 12 | Auto-Owners | $1,053 |
| 13 | GEICO | $1,085 |
| 14 | Amica | $1,109 |
| 15 | California Casualty | $1,173 |
| 16 | Farmers | $1,181 |
| 17 | Progressive | $1,206 |
| 18 | State Auto | $1,223 |
| 19 | Esurance | $1,233 |
| 20 | MetLife | $1,244 |
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The Hartford normally has some of the most affordable car insurance rates in Chicago at around $753 annually. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also are some of the lowest-priced Chicago, IL insurance companies.
In the above example, if you currently have a policy with Erie and switched to Rockford Mutual, you might achieve yearly savings of in the neighborhood of $92. Drivers with Cincinnati Insurance may save as much as $102 a year, and Travelers policyholders might reduce prices by as much as $148 a year.
Remember that these prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for a Honda CR-V. So the car insurance company that can offer you the lowest price may not even be in the list above. That’s why you need to compare prices as often as possible using your own individual information.
Get discount Chicago car insurance rates
Insurers that offer quotes for a Honda CR-V may additionally offer discounts that could lower prices by as much as 40% or more if you can meet the requirements. Larger car insurance companies and their offered discounts are:
- Progressive includes discounts for multi-policy, good student, homeowner, online quote discount, online signing, continuous coverage, and multi-vehicle.
- Farmers Insurance discounts include teen driver, youthful driver, early shopping, distant student, and homeowner.
- Farm Bureau may offer discounts for multi-vehicle, renewal discount, driver training, good student, youthful driver, and safe driver.
- State Farm has savings for safe vehicle, driver’s education, multiple autos, passive restraint, student away at school, anti-theft, and good student.
- GEICO offers premium reductions for defensive driver, air bags, federal employee, anti-lock brakes, emergency military deployment, and military active duty.
- SAFECO policyholders can earn discounts including anti-lock brakes, drive less, multi-car, teen safe driver, bundle discounts, and accident prevention training.
- Liberty Mutual offers discounts for good student, multi-car, new move discount, new vehicle discount, and preferred payment discount.
The chart below shows the comparison of car insurance rates with and without discounts applied. The costs are based on a male driver, no violations or claims, Illinois state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with anti-theft, multiple policy, safe-driver, accident-free, homeowner, and claim-free discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for a Honda CR-V is 27% or $385.
Why you should be shopping around
Chicago car insurance rates are based on many factors that may substantially change the price of coverage. Improving your credit rating, increasing liability limits, or getting a ticket for careless driving can trigger rate changes that can make some companies affordable when they were higher priced.
Not only may things change on your end, but companies modify pricing every year or even multiple times each year in order to protect their financial rating. An extended period of higher than normal claims may result in increased policy costs, while profitable underwriting can produce lower-priced CR-V insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Chicago, IL for a 30-year-old female driver with no accidents or violations, and excellent credit. When comparing rates based on her personal risk profile, The Hartford has the best car insurance rates in Chicago at $1,187 annually. This is $162 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are also included in the most affordable Chicago, IL auto insurance companies.
The chart below compares rates after we give the driver from above a couple of claims, slightly worse credit, and a speeding citation. Because each insurer has a proprietary method to determining premium rates, comparing prices could result in a different set of affordable Chicago car insurance companies as shown below.
USAA now has the best auto insurance rate in Chicago, IL with SECURA, State Farm, Travelers, and Safeco completing the list. This example proves why Chicago drivers need to shop around with many companies when trying to get cheap auto insurance quotes for a Honda CR-V.
Insurance rates are made up of many risk factors and can change substantially, so the most economical option three years ago may now be quite expensive.
The Chicago car insurance agencies listed below can help you make a decision which policy is best, as many people would rather get some professional input when comparing insurance rates for a Honda CR-V. It can be difficult to find coverage yourself, and getting professional guidance from a licensed agent can bring satisfaction knowing your coverage gives you suitable coverage if you have an accident. To find an agent using an interactive map, click the button below the list or click here to compare price quotes now.
Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2 – Chicago, IL 60616 – (312) 225-8311
Bill Dillard – State Farm Insurance Agent
516 W Diversey Pkwy – Chicago, IL 60614 – (773) 549-2605
Gus Andrade – State Farm Insurance Agent
4355 W 26th St – Chicago, IL 60623 – (773) 521-0216
View more Chicago, IL insurance agencies
How to find budget-friendly car insurance for a Honda CR-V
The list below shows some of the recommended money-saving solutions that can help you buy low-cost auto insurance.
- If your vehicles are older, consider dropping full coverage
- Maintain a clean driving record
- At-fault accidents can raise rates significantly
- Buy vehicles with five-star safety ratings
- Clean up your credit rating
- Increase deductibles to save money
- Compare prices frequently to find the best deal
That final tip is very valuable, as we emphasized in this write-up. Prices charged by car insurance companies adjust often, so drivers shouldn’t hesitate to buy from a new company if a cheaper price is available. Being loyal to a particular company is commendable, but it isn’t a good idea if that loyalty results in overpaying several hundred dollars every year. If you have a few minutes, compare rates and find cheaper auto insurance for a Honda CR-V in Chicago.