There isn't anyone who likes having to buy car insurance, especially when they could find lower prices if they just compared rates.
A recent car insurance study discovered that almost 70% of insureds kept their policy with the same company for a minimum of four years, and almost 40% of drivers have never shopped around. Wyoming consumers can save hundreds of dollars each year, but they just don't understand the rate savings if they replace their high priced policy. With so many online and local companies to choose from, it can be impossible to find a more affordable car insurance company.
It's a good idea to compare rates at least once a year due to the fact that insurance prices change regularly. If you had the best rates on Honda CR-V insurance in Cheyenne last year you can probably find a lower rate today. You'll find quite a bit of inaccurate information about CR-V insurance on the web, but by reading this article, you're going to learn some solid techniques on how to slash your car insurance rates in Cheyenne.
Finding and comparing more affordable insurance policy in Cheyenne is quite easy. If you have insurance now or just want to save money, use these tips to get lower rates without reducing protection. Smart shoppers just have to use the tricks to compare company rates online.
How much does Honda CR-V insurance in Cheyenne, WY cost?
The companies shown below can provide price comparisons in Wyoming. If several companies are displayed, we recommend you compare several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$232||$434||$396||$24||$118||$1,204||$100|
|CR-V EX 2WD||$116||$204||$292||$18||$88||$718||$60|
|CR-V LX 4WD||$128||$248||$344||$20||$104||$844||$70|
|CR-V EX 4WD||$266||$448||$344||$20||$104||$1,182||$99|
|CR-V EX-L 2WD||$194||$318||$344||$20||$104||$980||$82|
|CR-V EX-L 4WD||$226||$310||$304||$18||$92||$950||$79|
|Get Your Own Custom Quote Go|
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wyoming minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in garaging location in Cheyenne which can influence prices considerably.
Higher deductibles save money
The chart below highlights how deductible selection and can impact Honda CR-V insurance costs for different age groups of insureds. The costs are based on a single male driver, full coverage, and no discounts are applied.
How accidents and violations affect rates
The example below demonstrates how citations and at-fault fender-benders increase Honda CR-V insurance prices for each different age category. The information is based on a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.
Premiums by gender and age
The illustration below shows the difference between Honda CR-V car insurance costs for male and female drivers. The data is based on no claims or driving violations, full coverage, $100 deductibles, marital status is single, and no other discounts are factored in.
Auto insurance is an important decision
Despite the high insurance cost for a Honda CR-V in Cheyenne, insuring your vehicle is required by state law in Wyoming and it also provides benefits you may not be aware of.
First, just about all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability insurance coverage if you want to drive legally. In Wyoming these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if you bought your Honda CR-V with a loan, more than likely the lender will stipulate that you carry insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank will be required to insure your Honda at an extremely high rate and require you to reimburse them for it.
Third, auto insurance preserves not only your vehicle but also your financial assets. It will also reimburse you for medical bills for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of having auto insurance definitely exceed the price paid, especially when you need to use it. The average driver in America is overpaying more than $810 a year so you should quote rates every year to help ensure money is not being wasted.
Cheyenne Insurance Prices are Influenced by These Factors
Consumers need to have an understanding of the different types of things that help determine your insurance rates. When you understand what influences your rates, this enables you to make decisions that may reward you with better insurance rates. Many things are part of the calculation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more obscure such as your marital status or how safe your car is.
Discounts for married drivers - Having a significant other actually saves money on your insurance policy. It means you're more mature than a single person and statistics prove being married results in fewer claims.
How many coverages with the same company - Most major insurance companies afford a discount to policyholders who buy several policies from them. It's known as a multi-policy discount. Even if you already get this discount, it's always a smart idea to comparison shop to make sure you are getting the best deal. You may still be able to find better rates by splitting coverages up.
Small claims can cost you - Companies in Wyoming generally give better rates to people who file claims infrequently. If you are the type of insured that files lots of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
Higher deductibles cost less - The deductibles you choose define the amount you are required to pay if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more of the claim you're willing to pay, the less your insurance will be.
Premiums are lower the older you get - Young drivers in Wyoming are statistically proven to be more careless when driving with friends so insurance rates are higher. More mature drivers have been proven to be more responsible, are lower risk to insure, and tend to be get fewer driving tickets.
Premiums increase with driving tickets - Whether or not you get tickets has a lot to do with how much you pay for insurance. Attentive drivers have lower premiums compared to bad drivers. Having just one ticket can boost insurance rates twenty percent or more. Drivers who have gotten dangerous tickets like hit and run, DWI or reckless driving convictions may face state-mandated requirements to prove financial responsibility to the state department of motor vehicles in order to legally drive.
Your address can push rates up or down - Residing in a small town may provide you with better prices if you are looking for the lowest rates. Fewer people means less chance of accidents and a lower car theft rate. People in densely populated areas have to deal with more road rage incidents and longer commutes to work. More time behind the wheel means higher likelihood of an accident.
Liability insurance is peace of mind - The liability coverage on your policy will provide protection when you are found liable for causing personal injury or damage in an accident. Your policy's liability insurance provides you with a defense in court up to the limits shown on your policy. It is affordable coverage compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Insurance losses for a Honda CR-V - Car insurance companies use past insurance losses in order to profitably underwrite each model. Vehicles that the data shows to have higher loss trends will have a higher cost to insure. The information below illustrates the insurance loss data for Honda CR-V vehicles.
For each coverage type, the loss probability for all vehicles, as an average, is represented as 100. Values that are 100 or less indicate a favorable loss history, while percentages above 100 indicate more frequent claims or an increased probability of a larger loss.
Car Insurance Loss Data for Honda CR-V Models
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda CR-V 4dr 2WD||68||81||58||93||86||77|
|Honda CR-V 4dr 4WD||69||82||69||90||87||78|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Cheyenne insurance discounts
Car insurance is not cheap, but discounts can save money and there are some available that could drop your premiums quite a bit. Some discounts apply automatically at the time of purchase, but less common discounts must be asked about prior to getting the savings.
- Savings for New Vehicles - Buying a new car instead of a used CR-V can cost up to 25% less compared to insuring an older model.
- Distant Student - Children living away from Cheyenne attending college without a vehicle on campus may qualify for this discount.
- Military Deployment Discount - Having a family member in the military could qualify you for better insurance rates.
- Save with More Vehicles Insured - Buying insurance for multiple vehicles with one company can reduce rates for all insured vehicles.
- Policy Bundle Discount - If you insure your home and vehicles and insure them both with the same insurance company you could save at least 10% off all policies.
- ABS and Traction Control Discounts - Vehicles with ABS and/or traction control can avoid accidents and will save you 10% or more on CR-V insurance in Cheyenne.
- Fewer Miles Equal More Savings - Maintaining low annual mileage may allow you to get slightly better rates than normal.
- Save over 55 - If you qualify as a senior citizen, you are able to get lower premium rates.
- Cautious Driver Discounts - Safe drivers could pay up to 40% less than their less cautious counterparts.
You can save money using discounts, but some credits don't apply to the entire cost. Some only reduce the cost of specific coverages such as medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, that's just not realistic.
Some companies that may have many of the previously listed discounts include:
Before purchasing a policy, check with all the companies which credits you are entitled to. Some discounts listed above may not apply in your area.
Tailor your insurance coverage to you
Keep in mind that when it comes to choosing the best insurance coverage, there really is no "best" method to buy coverage. Each situation is unique.
These are some specific questions can help discover whether or not you could use an agent's help.
- Should I bundle my homeowners policy with my auto?
- Does every company file a SR-22 automatically?
- Is my dog or cat covered if injured in an accident?
- Can my babysitter drive my car?
- Does low annual mileage earn a discount?
- Am I covered while delivering pizza?
- Do I need medical payments coverage since I have good health insurance?
If you don't know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form. It's fast, doesn't cost anything and may give you better protection.
Throughout this article, we presented many ideas to save on Honda CR-V insurance in Cheyenne. The most important thing to understand is the more you quote Cheyenne car insurance, the higher your chance of finding the cheapest Honda CR-V rate quotes. You may even be surprised to find that the best price on insurance is with a company that doesn't do a lot of advertising.
People change insurance companies for a variety of reasons including an unsatisfactory settlement offer, policy non-renewal, denial of a claim and even extreme rates for teen drivers. Regardless of your reason, finding a great new company can be less work than you think.
Lower-priced insurance in Cheyenne can be sourced both online in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers do not offer price quotes online and usually these smaller companies work with local independent agents.
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- Senior Drivers (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)
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