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.

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How much does Honda CR-V insurance cost?

2023 Honda CR-V insurance costs on average $1,496 per year for a full coverage policy. Monthly payments range from $121 to $131, depending on the trim level.

Two factors that have a direct impact on the price you pay for car insurance are the age of the driver and the age of the CR-V you’re insuring.

The table below details average car insurance rates by model year and driver age for 2023, 2020, and 2017 Honda CR-V models. The average cost per year and cost per month values assume a 40-year-old driver.

Honda CR-V Insurance Cost Overview
2023 Honda CR-V2020 Honda CR-V2017 Honda CR-V
Average Insurance Cost Per Year $1,496$1,286$1,130
Insurance Cost Per Month $125$107$94
16-year-old Driver $5,434$4,632$4,120
18-year-old Driver $4,736$4,044$3,568
20-year-old Driver $2,992$2,560$2,238
25-year-old Driver $2,184$1,869$1,634
30-year-old Driver $1,572$1,356$1,184
40-year-old Driver $1,496$1,286$1,130
50-year-old Driver $1,366$1,174$1,032
60-year-old Driver $1,342$1,152$1,014

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Table Data Details: Average rates are for the 2023 model year and 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 policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 5, 2023
Honda CR-V Insurance Cost Overview

Another factor that affects the cost of CR-V insurance, and one that you can control unlike your age, is the physical damage coverage deductible you choose for your policy.

The following chart illustrates how 2023 model year Honda CR-V car insurance rates vary based on different rated driver ages and policy deductible amounts.

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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 May 5, 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 data in the chart confirms two important points.

First, younger drivers pay higher car insurance rates. Less-experienced drivers have a higher frequency of accidents, which results in more expensive insurance.

The 20-year-old driver with a $500 deductible policy pays $1,626 more per year (74.6%) than a 50-year-old driver with the same coverage.

Second, higher deductibles save money on car insurance. This is clearly illustrated by the right-most bar for each age group in the chart. For the average 40-year-old driver, a $250 deductible policy costs around $460 more per year than a policy with $1,000 comprehensive and collision deductibles.

One of the best discounts on Honda CR-V insurance can be earned when you bundle it with your home insurance, if possible. Doing this can save an average of $165 per year when insuring a 2023 model year CR-V.

With the average 2023 model year compact sport utility vehicle costing $1,606 a year to insure, the Honda CR-V costs $110 less each year to insure than the segment average rate.

If we compare CR-V insurance rates to all other 2023 vehicles, not just compact SUVs, rates are 23.8% lower on the Honda than the overall 2023 model year rate of $1,900, as shown in the table below.

2023 Honda CR-V vs. All Vehicles by Policy Coverage
Policy Coverage 2023 Honda CR-V 2023 All Vehicle Average Difference
Comprehensive$332$468-34%
Collision$680$886-26.3%
Liability$338$382-12.2%
Med/PIP Other$146$164-11.6%
Total Policy Cost$1,496$1,900-23.8%

Lower than average cost Higher than average cost

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500, liability limits are $100,000 per person and $300,000 per accident, and rates are averaged for all U.S. states.Data last updated on May 5, 2023
2023 Honda CR-V vs. Average Vehicle by Insurance Coverage

Which company has the best Honda CR-V insurance rates?

In our comparison, we found USAA to have the best insurance rates on a 2023 Honda CR-V at $1,049 per year. However, USAA is only available to veterans, active members of the military, and their families.

The company you choose to insure your CR-V is obviously going to make a difference in the rate you pay. Each company sets its own rates and uses different factors when calculating prices.

After USAA, Progressive had the next cheapest rates at $1,261 per year, followed very closely by GEICO at $1,272.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 Honda CR-V, rated for a 40-year-old married male driver. Physical damage deductibles are $500, liability limits are 100/300/100, and rates are averaged for all locations and Honda CR-V trim levels.Data last updated on May 5, 2023
Average 2023 Honda CR-V Insurance Rates by Company
Average 2023 Honda CR-V Insurance Rates by Company
Insurance CompanyAverage Annual RateCost Per Month
USAA$1,049$87
Progressive$1,261$105
GEICO$1,272$106
Nationwide$1,474$123
Travelers$1,515$126
State Farm$1,665$139

It’s important to note that we compare just a select few large insurance companies in the chart, primarily because they are available nationwide. There are many companies that only sell insurance in a specific region of the U.S. or even just a state or two.

When comparing rates, it’s a good idea to not only get insurance quotes from the big companies but also from several smaller carriers as well. This helps ensure you have a good selection of rates and can make a better-informed decision about where to buy coverage from.

What is the cheapest 2023 Honda CR-V 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.

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 six-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 May 5, 2023
Honda CR-V Insurance Cost by Trim Level

As with most other vehicles, the cost to insure a CR-V increases with the cost of the vehicle. So as you add options and step up to higher-end trim levels, you can expect to pay a little more for insurance.

The Honda CR-V versus the competition

The 2023 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. The average price of insurance for a 2023 Honda CR-V is shown in orange with the average cost for the entire segment shown in dark blue.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are based on 2023 models and 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 policy premium, which is averaged for all trim levels for each model. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 5, 2023
2023 Honda CR-V Insurance vs. Other Compact SUVs
2023 Honda CR-V Insurance Cost vs. the Small SUV Segment
Rank Make and 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
2023 Small SUV Average$1,606$110
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

To see the full comparison of all 47 compact sport utility vehicles for the 2023 model year, simply click or tap the middle button in the lower-left corner of the chart above.

Honda CR-V vs. Toyota RAV4 vs. Chevy Equinox

The Honda CR-V is the second most popular compact SUV, with the Toyota RAV4 being the best-selling model. The Chevy Equinox comes in third, edging out the Nissan Rogue and Hyundai Tuscon which rank in the fourth and fifth spots.

How does insurance for a Honda CR-V compare to its closest competitors?

The table below breaks out the average insurance costs per year and per month for the CR-V, RAV4, and Equinox, plus shows the cheapest and most expensive models of each to insure along with the MSRP values.

2023 Honda CR-V vs. Toyota RAV4 vs. Chevy Equinox Insurance Cost
2023 Honda CR-V2023 Toyota RAV42023 Chevrolet Equinox
Average Insurance Cost Per Year $1,496$1,634$1,588
Insurance Cost Per Month $125$136$132
Cheapest Model to Insure EXLE 2WDLS
Cheapest to Insure MSRP $31,110$27,575$27,995
Cheapest Insurance Cost $1,448$1,468$1,524
Most Expensive Model to Insure Sport Touring Hybrid AWDPrime XSE AWDPremier AWD
Most Expensive to Insure MSRP $38,600$45,460$34,795
Most Expensive Insurance Cost $1,570$1,830$1,644
Explore More Rates In-depth insurance prices for each modelToyota RAV4 InsuranceChevrolet Equinox Insurance

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for the 2023 model year and 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 policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 5, 2023
2023 Honda CR-V vs. Toyota RAV4 vs. Chevy Equinox Insurance Cost

Purchase price vs. insurance price

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.

Policy discounts make CR-V insurance cheaper

Everyone wants cheaper car insurance, and discounts are a great way to make that happen. Every insurance company offers discounts, but some offer a more extensive list of discounts that can help bring down the cost.

Some discounts don’t require that you do anything to receive them, as they will be automatically applied when you buy or renew your policy. These are things like claim-free discounts and good driver discounts.

Other discounts may require you to first know about it, and second to qualify for it. This might be a discount like being a member of a professional organization, being employed in a specific occupation, or having a teen driver with good grades. These are discounts that should be made available in the application process but may require some follow-up paperwork to verify your eligibility.

The list below shows some of the best discounts available and the larger U.S. car insurers that offer them. If you are insured with a different company, it’s a good idea to have them double-check that you’re receiving every possible discount you qualify for.

Honda CR-V Insurance Top Ten Policy Discounts
Policy Discount Larger Companies that Offer this Discount Average Savings
Good Driver Savings of 10% to 30%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers$209
Multi-Policy Bundling Savings of 1% to 17%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$165
Usage-based Save up to 30%Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA$139
Safety Features Savings of 3% to 20%American Family, Farmers, GEICO, Liberty Mutual, State Farm$118
Defensive Driving Savings of 5% to 10%AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA$112
Military Savings of 5% to 15%Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA$105
Pay in Full Savings of 5% to 10%Allstate, Nationwide, Progressive, State Farm, Travelers$94
Multiple Vehicles Savings of 4% to 15%Allstate, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Progressive, Travelers, USAA$90
Student Away at School Savings of 4% to 25%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$87
Good Student Savings of 3% to 20%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$78

Get Rates in Your AreaWhy is this important?

Table Data Details: The average savings is based on a 2023 model year Honda CR-V with a 40-year-old driver, clean driving record, and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states. Discount savings vary by company and not all discounts are offered by every company.Data last updated on May 5, 2023
Honda CR-V Insurance Top Ten Policy Discounts

Those are the ten discounts that can probably save you the most money on your policy. But there are a lot of other smaller discounts that can really add up.

This includes things like being a homeowner which can save around $60, using electronic billing could save $37, and even being a loyal customer could save around $45 when insuring a 2023 Honda CR-V. These are average savings amounts, and every company offers different discounts, so check with your company to find out which discounts they offer.

Insurance savings for used CR-V models

Skipping the 2023 model and instead driving an older model year Honda CR-V is a great way to save some money on car insurance. 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 full-coverage insurance 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 May 5, 2023
Honda CR-V Insurance Cost by Model Year

As vehicles age, their value decreases, and at some point, it just doesn’t make sense to continue paying for full coverage insurance. The decision to drop full coverage and insure with only liability insurance is a personal one that you have to make based on your own financial situation.

If you no longer carry comprehensive physical damage coverage, you won’t be able to recoup the cost of repairs for things like hail, flood, fire, theft, or vandalism.

If you drop collision coverage, then obviously you won’t have any insurance coverage to reimburse you for the cost of repairs to your vehicle if you hit another car, a tree, the side of your garage, or things of that nature.

CR-V models that are approaching 8 to 10 years old are probably candidates for insuring with just liability insurance. But again, every situation is unique and some people just prefer to have the peace of mind of knowing that their vehicle is covered if something does happen.