- The average Honda CR-V car insurance cost is $1,326 per year, or $111 per month for full coverage.
- The cheapest Honda CR-V insurance is on the LX at around $1,244 per year, or about $104 per month.
- When compared to the entire small SUV segment, the 2022 CR-V comes in near the top of the pack at #15 out of 46 total comparison vehicles.
- Insuring a used Honda CR-V instead of a new 2022 model could save $422 or more each year.
How much does Honda CR-V car insurance cost?
Honda CR-V insurance costs on average $1,326 per year for a full coverage policy. Monthly insurance cost for a CR-V ranges from $104 to $118, depending on the trim level.
With the average small SUV costing $1,416 a year to insure, the Honda CR-V is $90 cheaper each year than the segment average rate.
When compared to the national average car insurance cost for all vehicles of $1,551 per year, Honda CR-V insurance costs 14.5% 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.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
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 774,144,000,000 different insurance rates just for a 2022 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 $15,392 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 $4,796 per year for a 16-year-old driver, $4,478 per year for a 17-year-old driver, and $4,178 per year for a 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 $224 per year.
- Young males pay a lot more for insurance. For a 2022 Honda CR V, a 20-year-old male pays an average price of $2,644 per year, while a 20-year-old female will get a rate closer to $1,952, a difference of $692 per year in favor of the women by a long shot. But by age 50, the cost for a male driver is $1,210 and rates for female drivers are $1,186, a difference of only $24.
- 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 $208 per year versus a credit score ranging from 670-739. Conversely, an imperfect credit score below 579 could cost an additional $241 or more per year.
- Younger drivers pay higher rates. The difference in 2022 Honda CRV car insurance rates between a 60-year-old driver ($1,188 per year) and a 20-year-old driver ($2,644 per year) is $1,456, 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 $204 per year for a 40-year-old driver and $398 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 $210 per year for a 40-year-old driver and $420 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 repsponders, college professors, and others. Qualifying for an occupational discount could potentially save between $40 and $158 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 $1,244 to $1,414 per year for an average driver, the cheapest trim level to insure is the LX. The next cheapest model to insure is the Special Edition at $1,254 per year. On average, plan on paying $104 per month for full coverage CR-V insurance.
For higher-end trim levels, the three most expensive CR-V models to insure are the Hybrid EX-L, the Touring, and the Hybrid Touring trim levels at $1,368, $1,400, and $1,414 per year, respectively.
The rate table below details average yearly and 6-month car insurance costs, plus a monthly amount for budgeting, for each 2022 Honda CR-V model package and trim level.
|Honda CR-V Trim Level||Annual Policy||6-month Policy||Per Month|
Is CR-V insurance cheaper than other small SUVs?
The Honda CR-V ranks #15 out of 46 total vehicles in the 2022 small SUV category. The CR-V costs an average of $1,326 per year for full coverage insurance and the category average cost is $1,416 annually, a difference of $90 per year.
When compared directly to other top-selling small SUVs, insurance for a 2022 Honda CR-V costs $104 less per year than the Toyota RAV4, $90 less than the Chevrolet Equinox, $156 less than the Nissan Rogue, and $164 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 46 models in the small SUV category.
|7||Nissan Rogue Sport||$1,262||-$64|
|11||Toyota Corolla Cross||$1,298||-$28|
|21||Mitsubishi Eclipse Cross||$1,396||$70|
|34||Hyundai Ioniq 5||$1,502||$176|
|35||Mini Cooper Clubman||$1,504||$178|
|41||Mini Cooper Countryman||$1,572||$246|
|44||Ford Mustang Mach-E||$1,712||$386|
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 2022 Honda CR-V has an average sticker price of $31,728, ranging from the LX trim at $26,400 to the Hybrid Touring trim at $37,400.
The vehicles that have the most similar average cost to the Honda CR-V are the Mitsubishi Outlander, Ford Escape, Nissan Rogue, and Kia Niro. 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. Mitsubishi Outlander – The 2022 Honda CR-V has an average MSRP that is $173 more expensive than the Mitsubishi Outlander ($31,728 versus $31,555). The cost to insure a Honda CR-V compared to the Mitsubishi Outlander is $302 less each year on average.
- Honda CR-V vs. Ford Escape – The 2022 Ford Escape retails for an average of $31,923, ranging from $26,010 to $38,785, which is $195 more expensive than the average MSRP for the Honda CR-V. Drivers can expect to pay an average of $164 more annually for full-coverage insurance on the Ford Escape compared to a CR-V.
- Honda CR-V vs. Nissan Rogue – The average MSRP for a 2022 Honda CR-V is $523 more expensive than the Nissan Rogue, at $31,728 compared to $31,205. Insurance for the Nissan Rogue costs an average of $156 more every 12 months than the Honda CR-V.
- Honda CR-V vs. Kia Niro – The 2022 Honda CR-V has an average MSRP that is $649 more expensive than the Kia Niro ($31,728 versus $31,079). Insuring a 2022 CR-V compared to the Kia Niro costs an average of $144 less each year.
Will a used CR-V cost less to insure?
Skipping the 2022 model and instead driving an older model year Honda CR-V may reduce your insurance bill by $422 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 2022 model years. Average rates range from the cheapest price of $904 for a 2013 Honda CR-V to the most expensive rate of $1,188 for a 2021 CR-V.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2022 Honda CR-V||$1,326||$663||$111|
|2021 Honda CR-V||$1,188||$594||$99|
|2020 Honda CR-V||$1,164||$582||$97|
|2019 Honda CR-V||$1,102||$551||$92|
|2018 Honda CR-V||$1,080||$540||$90|
|2017 Honda CR-V||$1,050||$525||$88|
|2016 Honda CR-V||$1,024||$512||$85|
|2015 Honda CR-V||$996||$498||$83|
|2014 Honda CR-V||$940||$470||$78|
|2013 Honda CR-V||$904||$452||$75|
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 $454 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.
|Vehicle Model Year||Full Coverage Insurance||Liability Insurance|
|2012 Honda CR-V||$874||$446|
|2011 Honda CR-V||$848||$442|
|2010 Honda CR-V||$818||$440|
|2009 Honda CR-V||$790||$436|
|2008 Honda CR-V||$758||$432|
|2007 Honda CR-V||$726||$424|
|2006 Honda CR-V||$698||$418|
|2005 Honda CR-V||$686||$414|
|2004 Honda CR-V||$674||$410|
|2003 Honda CR-V||$656||$408|
|2002 Honda CR-V||$640||$404|