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

The cost to insure a Honda HR-V varies significantly depending on a driver's age and the vehicle's model year. Full coverage insurance for a 16-year-old driver with a 2016 model costs $5,720 annually, but a 40-year-old with the same car only pays $1,255 per year. A 2022 model incurs an average annual rate of $6,148 for 16-year-olds and $1,368 for 40-year-olds.

MoneyGeek also analyzed providers offering the best balance of affordability, service and claims handling efficiency to help you find the best Honda HR-V car insurance.

It costs an average of $1,354 per year to insure a Honda HR-V, but rates can vary significantly depending on the provider you choose. GEICO offers the most affordable option, with a full coverage policy costing $1,070 per year, while Farmers, the most expensive provider, charges $1,595 annually.

For minimum coverage, GEICO still offers the cheapest car insurance for a Honda HR-V at $489 per year, which is significantly cheaper than Farmers' cost of $741 per year for a similar policy.

Insurance providers consider various factors, including affordability, reliability and safety, to determine coverage rates. On average, Honda HR-V insurance rates are relatively inexpensive. With a low MSRP value of $24,615, this model has low horsepower and good safety ratings contributing to its cheap car insurance costs.

Besides cost, it's also essential to consider factors like customer service and claims management when shopping for the best Honda HR-V insurance provider.

MoneyGeek found that the best car insurance companies for a Honda HR-V are:

• GEICO: MoneyGeek score of 90 out of 100 ($1,070 per year)
• State Farm: MoneyGeek score of 90 out of 100 ($1,107 per year)

GEICO ranked first for affordability and third for customer satisfaction, meaning policyholders can expect a balance of great service at an affordable price.

The average cost of car insurance for a Honda HR-V varies by model year. A 2022 Honda HR-V costs $1,368 per year to insure, $113 more than the cost of insuring a 2016 model at $1,255 annually. Newer models are more expensive to cover than older ones since they have higher values.

Car insurance costs for your Honda HR-V will also vary depending on the insurer and the model year. State Farm is the cheapest provider for a 2016 model at $998 per year, while GEICO offers the most affordable annual rates for a 2022 model at $1,119 per year.

Teens and young adults pay much more for car insurance than drivers in their 30s and 40s. For example, Honda HR-V full coverage insurance for 16-year-old drivers costs $5,960 per year, while 40-year-olds only spend an annual average of $1,317 for a similar policy.

Teen car insurance rates decrease as drivers age and tend to level out during their 20s.

Adding a teen's car insurance coverage to an existing family plan is much cheaper than purchasing their own policy. State Farm offers the most competitive individual policy rates for teens at $3,777 per year for full coverage. Farmers is the most expensive option at $8,568 annually.

To find the best and cheapest car insurance rates, we recommend comparing quotes from at least three providers.

Vehicle types, model years and drivers' ages impact car insurance rates, but location can be even more important in some cases. The most affordable auto insurance company can vary from state to state. For example, the average rates in Florida ($1,058 per year) are considerably higher than in Idaho ($299 per year).

To find the best Honda HR-V insurance rates, compare quotes from the least expensive companies in your state.

When shopping for the best Honda HR-V insurer, it's normal to have questions about costs and customer service quality. We answered some frequently asked questions to help you learn more.