Honda CR-V Car Insurance Cost for 2023

Is a Honda CR-V expensive to insure?

We looked at the average insurance cost for the least expensive EX model to the Sport Touring Hybrid AWD trim level to discover how insurance on a CR-V ranks against the competition.

Start a Free QuoteCompare Honda CR-V car insurance quotes and save on your next policy.

How much does Honda CR-V car insurance cost?

Honda CR-V insurance costs on average $1,496 per year for a full coverage policy. Monthly insurance cost for a CR-V ranges from $121 to $131, depending on the trim level.

With the average small SUV costing $1,606 a year to insure, the Honda CR-V is $110 cheaper each year than the segment average rate.

When compared to the national average car insurance cost for all vehicles of $1,685 per year, Honda CR-V insurance costs 11.2% less.

The following chart illustrates how average CR-V car insurance rates change based on the age of the driver and the chosen policy deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Honda CR-V with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Honda CR-V trim levels.Data last updated on January 23, 2023
Honda CR-V Car Insurance Rates
2023 Honda CR-V Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,540$212
$500$2,992$249
$250$3,470$289
30$1,000$1,324$110
$500$1,572$131
$250$1,834$153
40$1,000$1,266$106
$500$1,496$125
$250$1,734$145
50$1,000$1,160$97
$500$1,366$114
$250$1,582$132
60$1,000$1,140$95
$500$1,342$112
$250$1,554$130

The chart of insurance rates above is intended to give a brief glimpse at the variability of insurance rates. If we added every rate for every possible rating scenario, including every possible driver risk and policy option, all CR-V trim levels, AND every zip code in the U.S., the chart would show about 677,376,000,000 different insurance rates just for a 2023 CR-V.

To give you a better idea of the full range of possible rates, consider that a liability-only insurance policy on a Honda CR-V in the cheapest areas of Maine or Virginia may be as low as $222 a year, while a newly-licensed teen driver with an at-fault accident or two and a few violations in urban New Orleans, Louisiana, could be as much as $12,844 a year for a policy with full coverage.

Other insights that reinforce the extreme variability of car insurance include:

  • Car insurance for teenagers is expensive. Average rates for full coverage CR-V insurance costs $5,434 per year for a 16-year-old driver, $5,076 per year for a 17-year-old driver, and $4,736 per year for an 18-year-old driver.
  • More policy discounts means cheap Honda CRV car insurance rates. Discounts may be available if the insured drivers are senior citizens, insure multiple vehicles on the same policy, insure their home and car with the same company, are accident-free, belong to certain professional organizations, or many other policy discounts which could save the average driver as much as $254 per year.
  • Young males pay a lot more for insurance. For a 2023 Honda CR V, a 20-year-old male pays an average price of $2,992 per year, while a 20-year-old female will get a rate closer to $2,208, a difference of $784 per year in favor of the women by a long shot. But by age 50, the cost for a male driver is $1,366 and rates for female drivers are $1,338, a difference of only $28.
  • Good credit scores mean better rates. In states that give the go-ahead for an insured’s credit score to be used as a policy cost factor, drivers who have credit scores over 800 may save as much as $235 per year versus a credit score ranging from 670-739. Conversely, an imperfect credit score below 579 could cost an additional $272 or more per year.
  • Younger drivers pay higher rates. The difference in 2023 Honda CRV car insurance rates between a 60-year-old driver ($1,342 per year) and a 20-year-old driver ($2,992 per year) is $1,650, a difference of 55.1%.
  • The higher deductible you choose, the lower the policy cost. Increasing deductibles from $500 to $1,000 could save around $230 per year for a 40-year-old driver and $452 per year for a 20-year-old driver.
  • Lowering deductibles makes car insurance more expensive. Lowering your physical damage coverage deductibles from $500 to $250 could cost an additional $238 per year for a 40-year-old driver and $478 per year for a 20-year-old driver.
  • Your employment could save you money. The vast majority of auto insurance companies offer policy discounts for having a job in professions like nursing, the military, law, first responders, college professors, and others. Qualifying for an occupational discount could potentially save between $45 and $178 on your CRV insurance bill, depending on the level of coverage purchased and the availability of the discounts.

Is the Honda CR-V expensive to insure?

With Honda CR-V car insurance ranging from $1,448 to $1,570 per year for an average driver, the cheapest trim level to insure is the EX. The next cheapest model to insure is the EX AWD at $1,456 per year. On average, plan on paying $121 per month for full coverage CR-V insurance.

For higher-end trim levels, the three most expensive CR-V models to insure are the Sport Hybrid AWD, the EX-L AWD, and the Sport Touring Hybrid AWD trim levels at $1,502,  $1,522, and $1,570 per year, respectively.

The rate table below details average yearly and 6-month car insurance costs, plus a monthly amount for budgeting, for each 2023 Honda CR-V model package and trim level.

2023 Honda CR-V Insurance Cost by Trim Level
Honda CR-V Trim Level Annual Policy Six-Month Policy Per Month
EX$1,448$724$121
EX AWD$1,456$728$121
Sport Hybrid$1,472$736$123
EX-L$1,496$748$125
Sport Hybrid AWD$1,502$751$125
EX-L AWD$1,522$761$127
Sport Touring Hybrid AWD$1,570$785$131

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Honda CR-V, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Honda CR-V Insurance Cost by Trim Level

Is CR-V insurance cheaper than other small SUVs?

The Honda CR-V ranks 13th out of 47 total vehicles in the 2023 small SUV category. The CR-V costs an average of $1,496 per year for full coverage insurance and the category average cost is $1,606 annually, a difference of $110 per year.

When compared directly to other top-selling small SUVs, insurance for a 2023 Honda CR-V costs $138 less per year than the Toyota RAV4, $92 less than the Chevrolet Equinox, $126 less than the Nissan Rogue, and $120 less than the Ford Escape.

The chart below shows how average Honda CR-V auto insurance rates compare to the other best-selling small SUVs in America. A more comprehensive table in displayed after the chart that shows average car insurance rates for all 47 models in the small SUV category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Honda CR-V, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Honda CR-V trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Insurance Cost Comparison: Honda CR-V vs Top 10 Small SUVs
Honda CR-V Insurance Cost Compared to All Small SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Trailblazer$1,334-$162
2Subaru Crosstrek$1,346-$150
3Nissan Kicks$1,354-$142
4Nissan Rogue Sport$1,378-$118
5Mazda CX-5$1,386-$110
6Buick Encore$1,406-$90
7Buick Envision$1,410-$86
8Kia Seltos$1,430-$66
9Hyundai Venue$1,440-$56
10Honda HR-V$1,464-$32
11Hyundai Kona$1,480-$16
12Subaru Forester$1,486-$10
13Honda CR-V$1,496--
14Mazda CX-30$1,498$2
15Chevrolet Trax$1,514$18
16Volkswagen Tiguan$1,532$36
17Ford Bronco Sport$1,536$40
18Fiat 500X$1,564$68
19GMC Terrain$1,566$70
20Kia Soul$1,568$72
21Mitsubishi Eclipse Cross$1,572$76
22Chevrolet Equinox$1,588$92
23Toyota Corolla Cross$1,592$96
24Volkswagen Taos$1,600$104
25Mazda CX-50$1,610$114
26Hyundai Tucson$1,614$118
27Ford Escape$1,616$120
28Nissan Rogue$1,622$126
29Toyota RAV4$1,634$138
30Mazda MX-30$1,636$140
31Kia Niro$1,638$142
32Mini Cooper$1,648$152
33Jeep Compass$1,652$156
34Mini Cooper Clubman$1,674$178
35Jeep Renegade$1,698$202
36Chevrolet Bolt$1,710$214
37Toyota bz4X$1,716$220
38Kia Sportage$1,760$264
39Hyundai Ioniq 5$1,764$268
40Mini Cooper Countryman$1,812$316
41Mitsubishi Mirage$1,818$322
42Mitsubishi Outlander$1,820$324
43Volkswagen ID4$1,832$336
44Kia EV6$1,870$374
45Dodge Hornet$1,872$376
46Hyundai Nexo$1,938$442
47Ford Mustang Mach-E$1,996$500

Comparing the cost of insurance for a CR-V to compact SUV models with similar average MSRP can provide another useful insight into how affordable it is to insure a CR-V.

The 2023 Honda CR-V has an average sticker price of $33,963, ranging from the EX trim at $31,110 to the Sport Touring Hybrid AWD trim at $38,600.

The vehicles that have the most similar average cost to the Honda CR-V are the Hyundai Tucson, Toyota RAV4, Ford Escape, and Mini Cooper. The list below shows how these models compare to a CR-V both by average purchase price and average car insurance cost.

  • Honda CR-V vs. Hyundai Tucson – The 2023 Honda CR-V has an average MSRP that is $80 more expensive than the Hyundai Tucson ($33,963 versus $33,883). The cost to insure a Honda CR-V compared to the Hyundai Tucson is $118 less each year on average.
  • Honda CR-V vs. Toyota RAV4 – The 2023 Toyota RAV4 retails for an average of $34,189, ranging from $27,575 to $45,460, which is $226 more expensive than the average MSRP for the Honda CR-V. Drivers can expect to pay an average of $138 more annually for full-coverage insurance on the Toyota RAV4 compared to a CR-V.
  • Honda CR-V vs. Ford Escape – The average MSRP for a 2023 Honda CR-V is $257 more expensive than the Ford Escape, at $33,963 compared to $33,706. Insurance for the Ford Escape costs an average of $120 more every 12 months than the Honda CR-V.
  • Honda CR-V vs. Mini Cooper – The 2023 Honda CR-V has an average MSRP that is $445 cheaper than the Mini Cooper ($33,963 versus $34,408). Insuring a 2023 CR-V compared to the Mini Cooper costs an average of $152 less each year.

Additional insurance cost comparisons for a Honda CR-V, as well as additional Honda vehicles, can be found on our insurance comparisons page.

Will a used CR-V cost less to insure?

Skipping the 2023 model and instead driving an older model year Honda CR-V may reduce your insurance bill by $516 per year at the very least. Current model year vehicles have a much higher replacement value, and older models have less value, which translates into a lower insurance cost.

The data below illustrates average full coverage Honda CR-V insurance rates for the 2013 through 2023 model years. Average rates range from the cheapest price of $980 for a 2013 Honda CR-V to the most expensive rate of $1,496 for a 2023 CR-V.

Honda CR-V Insurance Cost for 2013-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 Honda CR-V$1,496$748$125
2022 Honda CR-V$1,450$725$121
2021 Honda CR-V$1,304$652$109
2020 Honda CR-V$1,286$643$107
2019 Honda CR-V$1,204$602$100
2018 Honda CR-V$1,176$588$98
2017 Honda CR-V$1,130$565$94
2016 Honda CR-V$1,116$558$93
2015 Honda CR-V$1,070$535$89
2014 Honda CR-V$1,016$508$85
2013 Honda CR-V$980$490$82

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Honda CR-V Insurance Cost by Model Year

How much is liability insurance on a Honda CR-V?

Deleting physical damage insurance coverage on an older Honda CR-V may save the average driver $480 or more annually, depending on the level of physical damage deductibles and the driver age.

A common rule of thumb for dropping full coverage is when the value of the vehicle drops below 10 times the cost of the coverage, it’s time to consider removing the coverage from the policy.

For example, if the cost of comprehensive and collision coverage combined on your Honda is $600 a year, the point at which it may make sense to drop full coverage is when the replacement value of the SUV falls below $6,000.

Removing full coverage is a completely personal decision and there is no right or wrong time to do it. If you do drop it, you may want to ensure you have the financial resources available to purchase a different vehicle if your CR-V is totaled in an accident or weather-related incident.

The table below compares full coverage annual insurance rates to liability-only annual rates starting with the second generation CR-V in 2002 up to the 2012 model year.

Honda CR-V Insurance Rates for 2002 to 2012 Model Years
Vehicle Model Year Full Coverage Insurance Liability Insurance
2012 Honda CR-V$952$496
2011 Honda CR-V$914$492
2010 Honda CR-V$884$488
2009 Honda CR-V$848$484
2008 Honda CR-V$814$476
2007 Honda CR-V$780$468
2006 Honda CR-V$770$464
2005 Honda CR-V$756$460
2004 Honda CR-V$734$456
2003 Honda CR-V$718$452
2002 Honda CR-V$704$443

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Honda CR-V model year assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Honda CR-V Liability Insurance Rates