It’s an obvious conclusion that auto insurance companies don’t want policyholders to shop around. Consumers who shop around for the cheapest price are very likely to buy a different policy because there are good odds of finding a cheaper policy. A study discovered that people who regularly compared rates saved over $850 each year compared to other drivers who didn’t regularly shop around.
If finding the cheapest price for car insurance is your ultimate goal, then knowing how to shop and compare insurance premiums can help you succeed in finding affordable rates.
If you want to save money, the best way to find affordable Honda CR-V insurance is to start comparing prices yearly from insurers that insure vehicles in Jersey City.
First, try to learn about how car insurance works and the measures you can control to prevent high rates. Many factors that result in higher rates like traffic citations and a low credit score can be improved by making minor changes to your lifestyle. Later in this article we will cover ideas to help reduce premium rates and get additional discounts.
Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or State Farm, while independent agents can provide prices for many different companies. Compare rates now
Third, compare the new rate quotes to your current policy and see if there is a cheaper rate in Jersey City. If you can save some money and buy the policy, make sure there is no coverage gap between policies.
Fourth, give notification to your current company of your decision to cancel your current coverage and submit the completed application along with a down payment to your new company or agent. Once coverage is bound, put the new certificate verifying proof of insurance in an easily accessible location.
One key aspect of rate comparisons is to make sure you enter similar coverage information on each quote request and and to look at every insurance company. Doing this guarantees a level playing field and maximum price selection.
When quoting insurance, remember that more quotes helps locate a lower rate.
The companies shown below provide quotes in New Jersey. If you wish to find the best cheap car insurance in New Jersey, we suggest you visit several of them to find the lowest car insurance rates.
Why you need to buy insurance
Despite the potentially high cost of Honda CR-V insurance, paying for insurance is most likely required but also gives you several important benefits.
- Most states have minimum mandated liability insurance limits which means state laws require a specific level of liability protection in order to be legal. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your Honda with a loan, most lenders will make it mandatory that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank will be required to insure your Honda at a significantly higher premium and force you to pay for it.
- Insurance protects both your vehicle and your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Honda as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance greatly outweigh the cost, especially for larger claims. According to a recent study, the average American driver overpays more than $810 a year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.
Insurance rate breakdown
The premium information shown below covers detailed analysis of policy rates for Honda CR-V models. Understanding how auto insurance premiums are figured can be valuable when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $202 | $344 | $384 | $22 | $114 | $1,066 | $89 |
| CR-V EX 2WD | $202 | $344 | $384 | $22 | $114 | $1,066 | $89 |
| CR-V LX 4WD | $202 | $344 | $384 | $22 | $114 | $1,066 | $89 |
| CR-V EX 4WD | $232 | $344 | $384 | $22 | $114 | $1,096 | $91 |
| CR-V EX-L 2WD | $232 | $344 | $384 | $22 | $114 | $1,096 | $91 |
| CR-V EX-L 4WD | $232 | $344 | $384 | $22 | $114 | $1,096 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in specific Jersey City garaging location which can impact rates substantially.
Deductible comparison
One of the more difficult decisions when buying insurance is what deductibles to buy. The rates shown below illustrate the differences in premium rates of buying low and high deductibles. The first data table uses a $100 deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $360 | $614 | $408 | $24 | $122 | $1,553 | $129 |
| CR-V EX 2WD | $360 | $614 | $408 | $24 | $122 | $1,553 | $129 |
| CR-V LX 4WD | $360 | $614 | $408 | $24 | $122 | $1,553 | $129 |
| CR-V EX 4WD | $414 | $614 | $408 | $24 | $122 | $1,607 | $134 |
| CR-V EX-L 2WD | $414 | $614 | $408 | $24 | $122 | $1,607 | $134 |
| CR-V EX-L 4WD | $414 | $614 | $408 | $24 | $122 | $1,607 | $134 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $264 | $414 | $408 | $24 | $122 | $1,232 | $103 |
| CR-V EX 2WD | $264 | $414 | $408 | $24 | $122 | $1,232 | $103 |
| CR-V LX 4WD | $264 | $414 | $408 | $24 | $122 | $1,232 | $103 |
| CR-V EX 4WD | $302 | $414 | $408 | $24 | $122 | $1,270 | $106 |
| CR-V EX-L 2WD | $302 | $414 | $408 | $24 | $122 | $1,270 | $106 |
| CR-V EX-L 4WD | $302 | $414 | $408 | $24 | $122 | $1,270 | $106 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can raise or lower price quotes considerably.
Using the premium rates above, we can conclude that using a $100 deductible costs approximately $27 more each month or $324 every year than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 15 months between claims, you would probably be better off if you elect the higher deductible. Below is how this decision is made.
| Average monthly premium for $100 deductibles: | $132 |
| Average monthly premium for $500 deductibles (subtract): | – $105 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
One thing to be aware of is that higher deductibles means you will have to pay more of your own money when you have a claim. That will require some extra savings in the event you have to pay the deductible to have repairs made.
The information below demonstrates how deductibles and can affect Honda CR-V yearly insurance costs for different age groups of insureds. The premiums assume a single male driver, full coverage, and no additional discounts are factored in.
Drive safe and save
The illustration below highlights how speeding tickets and fender-benders can raise Honda CR-V auto insurance costs for each age group. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.
Honda CR-V liability rates compared to full coverage
The illustration below shows the comparison of Honda CR-V car insurance rates with and without full coverage. The information is based on no claims, a clean driving record, $100 deductibles, marital status is single, and no discounts are taken into consideration.
When to eliminate full coverage
There is no definitive guideline for excluding full coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your Honda CR-V settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after you pay the deductible. If premium cost is more than $400 annually for full coverage, then it might be time to consider dropping full coverage.
There are some conditions where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Take policy discounts and save on Honda CR-V insurance in Jersey City
Insurance can cost an arm and a leg, but you may qualify for discounts that you may not even be aware of. Some discounts apply automatically at the time of quoting, but some must be asked for before you will receive the discount.
- Student in College – Older children who live away from home at college and won’t have access to an insured vehicle can receive lower rates.
- Military Rewards – Having a deployed family member may qualify for rate reductions.
- ABS Brakes – Vehicles that have steering control and anti-lock brakes prevent accidents and the ABS can save up to 10%.
- Telematics Data – Insureds who allow driving data collection to monitor driving patterns by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they exhibit good driving behavior.
- Bundle and Save – If you can bundle your homeowners and auto insurance and place coverage with the same company you could earn a discount of up to 20% and get you affordable Honda CR-V insurance rates in Jersey City.
- Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in school.
One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, insurance companies wouldn’t stay in business.
The chart below shows the comparison of Honda CR-V premium costs with and without discounts. The rate quotes are based on a female driver, no claims or violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, multi-policy, marriage, and homeowner discounts applied.
To choose insurance companies with significant discounts in New Jersey, click here.
Local agents and car insurance
Some people still like to get advice from a local agent and that is not a bad decision One of the best bonuses of getting free rate quotes online is that drivers can save money and get cheap rate quotes but also keep your business local.
By using this simple form, the quote information is transmitted to local insurance agents in Jersey City who will give you bids to get your business. You won’t need to contact an agency since price quotes are sent to you directly. You can get cheaper car insurance rates without having to waste a lot of time. If for some reason you want to compare rates from a specific insurance company, feel free to navigate to their website and give them your coverage information.
Picking the best provider requires more thought than just a cheap quote. The following questions are important to ask.
- What kind of financial rating does the company have?
- Do you work with a CSR or direct with the agent?
- Do they get paid more for recommending certain coverages?
- Does the agent help file claims?
- Did they already check your driving record and credit reports?
- How long have they worked with personal auto insurance coverage?
The type of car insurance agent you choose is important
If you need to find local Jersey City agents, it’s helpful to know the different types of agents and how they differ in how they quote coverages. Car insurance agents in Jersey City are categorized either exclusive agents or independent agents.
Exclusive Insurance Agencies
These type of agents can only quote rates from one company like Allstate, AAA, Farmers Insurance, and State Farm. These agents are not able to give you multiple price quotes so keep that in mind. Exclusive insurance agents are well trained on their company’s products which helps them compete with independent agents. Consumers frequently buy insurance from these agents primarily because of the brand legacy rather than low rates.
The following are Jersey City exclusive insurance agents who can help you get comparison quotes.
- Jared Bush – State Farm® Insurance Agent
725 John F. Kennedy Blvd – North Bergen, NJ 07047 – (201) 325-8880 – View Map - Farmers Insurance – Mofalc Meinga
447 Central Ave – Jersey City, NJ 07307 – (201) 435-1616 – View Map - Allstate Insurance: Emad Soliman
844 Bergen Ave – Jersey City, NJ 07306 – (201) 332-6999 – View Map
Independent Car Insurance Agents
These type of agents are normally appointed by many insurers and that enables them to quote your coverage through lots of different companies and find the cheapest rate. If premiums increase, they simply switch companies in-house which is easy for the insured.
If you are trying to find cheaper rates, you will want to include rate quotes from independent agents in order to have the best price comparison. A lot of them also have access to additional companies that you may not be familiar with which may have better rates.
Below are independent insurance agencies in Jersey City that can give you rate quotes.
- Wexford Insurance
45 Laidlaw Ave – Jersey City, NJ 07306 – (201) 659-6050 – View Map - All Insurance Services Inc
574 Newark Ave – Jersey City, NJ 07306 – (201) 963-8888 – View Map - Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST – Newark, NJ 07103 – (888) 290-0635 – View Map
After getting positive responses to any questions you have and a good coverage price, you may have found an insurance agent that is a good match to adequately provide car insurance.
Quote often and quote early
We just presented many tips how you can compare Honda CR-V insurance prices in Jersey City. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheaper Jersey City auto insurance quotes. Consumers could even find that the biggest savings come from an unexpected company.
While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where an insured cut physical damage coverage and found out when filing a claim that it was a big mistake. Your goal should be to purchase plenty of coverage for the lowest price while still protecting your assets.
Cheaper car insurance in Jersey City is definitely available on the web in addition to local insurance agencies, so get free Jersey City auto insurance quotes from both of them in order to have the best price selection to choose from. There are still a few companies who do not offer the ability to get a quote online and many times these regional carriers sell through independent agencies.
Even more information can be found at these sites:
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Who Has the Cheapest Jersey City Car Insurance Quotes for Used Cars? (FAQ)
- How Much are Auto Insurance Quotes for Welfare Recipients in Jersey City? (FAQ)
- Distracted Driving Extends Beyond Texting (State Farm)
- Side Impact Crash Tests (iihs.org)
- Understanding your Policy (NAIC.org)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)