Compare the Cost of Honda HR-V Insurance by Model Year and Company

MoneyGeek found that the average insurance for a Honda HR-V is $1,168 per year. This is considered inexpensive compared with other car models. Keep in mind that your rates can vary based on the insurer you choose and the model year of your car.

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Last Updated: 5/18/2022
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It’s important to compare Honda HR-V insurance quotes when purchasing a policy. You can find a better deal by comparing rates from different insurers since different companies charge varying costs to cover the same car. The cheapest insurance could even vary depending on your Honda HR-V’s year.

Key Takeaways for Honda HR-V Insurance

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A Honda HR-V costs an average of $1,168 per year to insure, which is $259 cheaper than the average car model.

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Depending on the insurance company, the annual insurance cost for a Honda HR-V can vary by as much as $529.

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The cost of Honda HR-V insurance can vary by up to $87 per year depending on how old your car is. Older models have lower insurance rates.

How Much It Costs to Insure a Honda HR-V and the Cheapest Company

If you drive a Honda HR-V, the insurance company you choose significantly affects your annual insurance premium. The average cost of insurance for a Honda HR-V is $1,168.

GEICO offers the cheapest car insurance rate with an average annual premium of $921. Allied is the most expensive option and costs up to $529 more per year. Comparing the cheapest car insurance companies can give you the best deal on your Honda HR-V insurance.

The Average Annual Cost of Honda HR-V Insurance by Company

MoneyGeek used a sample driver profile to gather data on insurance provider rates. In this scenario, the driver is a 40-year-old male who has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Honda HR-V by Company

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Insurance Rates

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Is a Honda HR-V Expensive to Insure?

Insurers use a range of factors to determine the cost of car insurance for a given model. Models that are more expensive, more likely to be involved in an accident or more likely to be stolen typically have more expensive insurance rates.

Insuring a Honda HR-V is inexpensive. The National Highway Traffic Safety Administration classified the Honda HR-V as a low-value and low-horsepower vehicle. As a result of these factors, the insurance cost for this model tends to be cheaper because it’s cheaper to fix and less risky to insure.

The Best Car Insurance Company for a Honda HR-V

When purchasing car insurance for a Honda HR-V, price shouldn’t be your only consideration. You should also look at other factors about the insurer you're researching.

MoneyGeek's rating system, which is based on consumer complaints, affordability, customer satisfaction and financial stability, discovered that GEICO is the best car insurance provider for Honda HR-V drivers.


1
USAA
Score:95

4.7/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:89.5

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
State Farm
Score:79.5

4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
Progressive
Score:77.8

3.9/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
Nationwide
Score:75.7

3.6/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Allstate
Score:73.3

3.4/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

7
Allied
Score:NaN

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

How Much It Costs to Insure a Honda HR-V by Model Year

Older models of a Honda HR-V are less expensive to insure. This is because when the value of a car decreases, comprehensive and collision insurance become more affordable.

Insurance on a 2016 Honda HR-V model costs an average of $1,124, while insurance for a 2020 Honda HR-V model costs an average of $1,211. This translates to roughly $87 in yearly savings.

Depending on the model year, different insurers may provide more affordable coverage. This is the average cost to insure Honda HR-V per year:

  • 2016 Honda HR-V: $1,124
  • 2017 Honda HR-V: $1,150
  • 2018 Honda HR-V: $1,184
  • 2019 Honda HR-V: $1,191
  • 2020 Honda HR-V: $1,211

GEICO offers the most affordable insurance policy for the most recent Honda HR-V model year, with an average annual premium of $956.

You can choose your Honda HR-V year to compare the average cost of car insurance across insurers since the cheapest insurance company varies by year.

The Average Cost to Insure a Honda HR-V by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
  • 1.
    $956
    $940
    $935
    $907
    $887
  • 2.
    $1,015
    $1,010
    $1,008
    $999
    $993
  • 3.
    $1,244
    $1,223
    $1,216
    $1,180
    $1,153
  • 4.
    $1,280
    $1,244
    $1,232
    $1,171
    $1,125
  • 5.
    $1,277
    $1,283
    $1,284
    $1,294
    $1,301

How Expensive Is It to Insure a Honda HR-V Compared to Other Cars?

When it comes to auto insurance, premiums for a Honda HR-V are inexpensive. Car insurance for a Honda HR-V costs an average of $1,168, which is $259 less than the average across all car models.

How Much It Costs to Insure a Honda HR-V for 16- to 25-Year-Olds

Due to their inexperience on the road, younger drivers may face higher car insurance premiums regardless of the kind of car they drive.

Honda HR-V car insurance costs on average $3,811 a year for an 18-year-old driver. A 40-year-old driver spends $2,643 less on average for the same car.

Young drivers can save money by staying on their parent’s car insurance policy. It will almost always be more expensive for young drivers to get their own auto insurance.

The cost of car insurance for a young driver between the ages of 16 and 25 is shown below.

The Average Cost to Insure a Honda HR-V by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,886
  • 17
    $4,328
  • 18
    $3,811
  • 19
    $2,729
  • 20
    $2,436
  • 21
    $1,928
  • 22
    $1,776
  • 23
    $1,625
  • 24
    $1,526
  • 25
    $1,384
  • 40
    $1,168

How Does Location Affect the Cost of Honda HR-V Insurance?

While the rates discussed in this article are based on a national average, where you live can have a significant impact on your car insurance premiums. MoneyGeek’s state page analysis will help you learn more about the cost of car insurance in each state.

FAQs About Honda HR-V Insurance

The model of your car significantly impacts the cost of your insurance, but that is just one of many factors insurers take into consideration when calculating premiums. Here are some of the most frequently asked questions about insuring a Honda HR-V.

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Methodology

MoneyGeek gathered insurance rates for Honda HR-V across multiple model years using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

The rates in this analysis represent averages and can provide guidance on the prices to expect, but these costs won’t likely match your specific rates.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.