Honda HR-V Car Insurance Rates for 2022

• Honda HR-V insurance costs $1,370 per year for a full coverage policy, depending on the trim level.
• The HR-V LX trim level is the cheapest to insure at around $1,320 per year, or $110 per month. The model with the most expensive insurance is the EX-L at $1,414 per year, or around $118 per month.
• The Honda HR-V ranks #17 out of 46 vehicles in the 2022 compact SUV class for overall car insurance affordability.

How much does Honda HR-V insurance cost?

Honda HR-V insurance rates average $1,370 a year, or $114 if paid each month. On average, expect to pay approximately $56 less per year for Honda HR-V insurance when compared to the average rate for all small SUVs, and $197 less per year than the $1,567 national average for all vehicles.

The following chart demonstrates how the average cost of Honda HR-V insurance changes based on the age of the driver and different policy deductibles.

Which HR-V trim level is cheapest to insure?

The HR-V with the cheapest insurance rates is the base LX trim (MSRP of $21,870) costing an average of $1,320 per year, or about $110 per month.

The $26,670 EX-L trim is the most expensive to insure, costing an average of $94 more per year than the cheapest model.

The rate table below details average yearly and semi-annual policy costs, in addition to a monthly amount, for each Honda HR-V trim level.

Is Honda HR-V insurance cheap?

The Honda HR-V ranks #17 out of 46 total vehicles in the small SUV class. The HR-V costs an average of $1,370 per year to insure and the segment average cost is $1,426 annually, so the HR-V costs $56 less per year for insurance than the average small SUV.

When compared to the best-selling models in the small SUV category, insurance for a Honda HR-V costs $70 less per year than the Toyota RAV4, $34 more than the Honda CR-V, $54 less than the Chevrolet Equinox, and $122 less than the Nissan Rogue.

The table below shows how Honda HRV insurance cost compares to all 46 models in the 2022 compact SUV segment.

Will an older model cost less to insure?

Opting for a 2016 HR-V in place of a more expensive 2022 model year will save around $268 each year. Even an almost new 2019 model could save you $164 annually.

The data table below illustrates average estimated insurance rate data for a Honda HR-V for different drivers and HR-V model years. Average policy cost ranges from the cheapest cost of $990 for a 60-year-old driver rated on a 2016 Honda HR-V to the most expensive rate of $2,690 for a 20-year-old with a 2022 model.

Eventually, as the vehicle ages it makes financial sense to drop comprehensive and/or collision coverage from the policy. As a Honda HR-V drops in value over time, the sticker price of physical damage insurance starts to outweigh any benefits.

Removing full coverage on an older Honda HR-V could save around $580 a year, depending on where the physical damage deductibles were set and the driver age. Since the initial year for the HR-V is the 2016 model, there is probably not enough depreciation even on the oldest model year to justify removing full coverage.

Will my location affect insurance cost?

Depending on the city you live in, insurance cost for a Honda HR-V can vary from cheaper rates like $978 a year in Charlotte, NC, or $852 in Raleigh, NC, to expensive rates such as $2,646 a year in Miami, FL, and $2,274 in Las Vegas, NV.

Some additional insurance cost examples include Louisville, KY, at $2,176 per year, Chicago, IL, averaging $1,490, Minneapolis, MN, at $1,440, and Houston, TX, at an estimated $1,456.

The following chart ranks average insurance rate data for a Honda HR-V in the most populated areas in the U.S. Cost ranges from $1,030 per year in Columbus, OH, to $2,586 in New York City a difference of $1,556.

Which state has the cheapest HR-V insurance?

When analyzing Honda HR-V insurance rates on a state level, states like Maine ($946) and Virginia ($884) tend to have cheaper HR-V insurance rates, while states like Louisiana ($1,982), Michigan ($2,182), and Florida ($2,000) tend to be on the expensive side.

Auto insurance rates in most states are closer to average, with states like Arkansas, New Mexico, and South Carolina included in this group with average Honda HR-V insurance rates of $1,464, $1,096, and $1,264 per year, respectively.

Additional rates and information

Other important observations concerning the cost of insurance for a HR-V include:

• Higher physical damage deductibles lower policy cost. Increasing your deductibles from $500 to $1,000 could save around $178 per year for a 40-year-old driver and $338 per year for a 20-year-old driver.
• Low deductibles makes insurance more expensive. Dropping your deductibles from $500 to $250 could cost an additional $186 per year for a 40-year-old driver and $352 per year for a 20-year-old driver.
• High-risk drivers pay much more for HR-V insurance. For a 50-year-old driver, being required to buy a high-risk insurance policy increases the cost by $1,598 or more per year.
• Get cheaper insurance rates by avoiding traffic tickets. If you want to get the cheapest price for HR-V insurance rates, it can pay off to be a safe driver. Just a few minor moving violations could increase the price of a policy by as much as $358 per year.
• As you get older, rates tend to be cheaper. The difference in insurance rates for a HR-V between a 40-year-old driver ($1,370 per year) and a 20-year-old driver ($2,690 per year) is $1,320, or a savings of 49.1%.
• Fewer accidents means cheaper Honda HR-V insurance. Having multiple accidents could cost you more, possibly by an extra $622 per year for a 30-year-old driver and even as much as $446 per year for a 50-year-old driver.