How Much Does It Cost to Insure a Honda CR-V?
Last Updated on March 7, 2024
The average Honda CR-V driver in the United States pays around $129 per month for full coverage car insurance, according to our research.
The Honda CR-V is one of America’s most popular vehicles. Insurance rates vary widely nationwide. Some Honda CR-V drivers pay as little as $80 per month for insurance, while others pay over $300.
Keep reading to find out everything you need to know about the cost of insuring a Honda CR-V.
Key Takeaways:
- The average monthly cost for full coverage car insurance for a Honda CR-V in the U.S. is approximately $129, but this can vary significantly, with some drivers paying as low as $80 and others over $300, depending on numerous factors, including location, driver’s age, and driving history.
- The standard insurance policy for a Honda CR-V includes comprehensive, collision, and liability coverage, often exceeding the minimum state-required liability limits, highlighting the importance of understanding what your policy covers.
- A wide range of factors influence the premiums of Honda CR-V insurance. Still, drivers can potentially reduce their costs by practicing safe driving, periodically reviewing and adjusting their coverage, and comparing insurance rates to ensure they are getting the best deal.
It Costs $129 Per Month, on Average, to Insure a Honda CR-V
According to our research, the average Honda CR-V driver in the United States pays around $1,548 per year for full coverage car insurance, or $129 per month.
To calculate this average, we created multiple driver profiles with different ages and driving records. We also requested quotes for multiple Honda CR-V vehicles – with different trims and odometer readings – across the last 15 model years. Then, we requested quotes from major insurers in all 50 states. After compiling all of this data, we determined that the average Honda CR-V driver in the United States pays around $129 monthly.
All quotes included full coverage car insurance, which comes with liability, collision, comprehensive coverage, and all other required coverages in each state.
What Does the Average Honda CR-V Insurance Policy Cover?
- The average Honda CR-V insurance policy costs $129 per month and includes:
- Liability coverage, including property damage and bodily injury liability coverage
- Collision coverage
- Comprehensive coverage
- Other required coverages for specific states, including personal injury protection, medical payments coverage, and uninsured motorist coverage
Our sample Honda CR-V insurance policy also exceeded state minimum liability requirements, typically carrying a $100,000 / $300,000 / $100,000 liability limit. The policy had $100,000 of bodily injury liability per person, $300,000 of bodily injury liability per accident, and $100,000 of property damage liability per accident, exceeding all states’ minimum requirements.
Factors Impacting the Cost of Honda CR-V Insurance
Honda CR-V insurance premiums vary widely between drivers. Interestingly, similar factors also influence the insurance premiums for other popular SUVs, such as the Toyota RAV4, highlighting the competitive market for compact SUV insurance.
Driver-specific factors play the biggest role. A teenage driver with an at-fault accident pays over $7,000 per year, on average, to insure a Honda CR-V, for example. A 40-year-old driver with no recent accidents or speeding tickets pays under $1,200 per year.
State, ZIP code, and location also impact rates. Drivers in Florida pay over $3,000 per year for Honda CR-V insurance, on average. Drivers in Idaho, meanwhile, pay less than $1,000.
Some of the factors insurers consider when calculating Honda CR-V insurance premiums include:
- Driver age and driving history
- Vehicle model year, trim, and value
- Vehicle mileage
- State insurance laws
- ZIP code
- Credit score
Overall, insurers consider hundreds of factors when calculating premiums. Because of these factors, you could pay anywhere from $500 per year to $3,000 per year for Honda CR-V insurance in the United States.
How to Get Cheap Honda CR-V Insurance
Some of the best ways to save money on Honda CR-V insurance include:
Continue to practice safe driving. Even if you have an accident on your driving record, that accident gets further in the past every day you drive safely. Most states and insurers ignore anything older than five to seven years on your driving record.
Take a defensive driving course. Many insurers offer discounts if you have recently completed a defensive driving course. These discounts are particularly popular for teenage drivers and older adults.
Check your policy to verify you have the right coverage. Some drivers are paying for more insurance than they need. Your Honda CR-V policy could have rental reimbursement coverage and roadside assistance, for example. You could also pay for full coverage car insurance on an old Honda CR-V, which may not be necessary based on the value of the vehicle. Check your policy to verify you have the right coverage for your needs.
Shop around for insurance today and in the future. Many Honda CR-V drivers stick with the same insurer for years. Compare rates annually or semi-annually to ensure you’re paying competitive premiums.
Ask about discounts. Some insurers allow you to automatically qualify for discounts. Other insurers make you request discounts or work for them. Many insurers also offer driver tracking apps. If you’re a safe Honda CR-V driver, then you could save up to 20%.
By taking advantage of these tips, you could pay under $1,000 per year for Honda CR-V insurance.
Best Insurers for Honda CR-V Insurance
Some insurers welcome Honda CR-V drivers to their insurance pool, rewarding them with lower rates and effective coverage. Other insurers charge comparatively high rates.
Some of the best insurers for Honda CR-V insurance include:
Compare rates in your area using an online insurance quote comparison tool. GEICO may offer the cheapest Honda CR-V insurance rates in some areas but not others. Insurance companies offer different services in different states, and some regional insurers offer much cheaper rates than the larger insurance giants listed above.
