Honda HR-V Car Insurance Rates for 2023

• Honda HR-V insurance costs $1,508 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 $1,454 per year, or $121 per month. The model with the most expensive insurance is the EX-L AWD at $1,554 per year, or around $130 per month.
• The Honda HR-V ranks 10^th out of 47 vehicles in the 2023 compact SUV class for overall car insurance affordability.

How much does Honda HR-V insurance cost?

Honda HR-V insurance rates average $1,508 a year, or $126 if paid each month. On average, expect to pay approximately $141 less per year for Honda HR-V insurance when compared to the average rate for all small SUVs, and $220 less per year than the $1,728 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 the cheapest to insure?

The HR-V with the cheapest insurance rates is the base LX trim (MSRP of $23,800) costing an average of $1,454 per year, or about $121 per month.

The $29,400 EX-L AWD trim is the most expensive to insure, costing an average of $100 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 10^th out of 47 total vehicles in the small SUV class. The HR-V costs an average of $1,508 per year to insure and the segment average cost is $1,649 annually, so the HR-V costs $141 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 $168 less per year than the Toyota RAV4, $26 less than the Honda CR-V, $122 less than the Chevrolet Equinox, and $158 less than the Nissan Rogue.

The table below shows how Honda HRV insurance cost compares to all 47 models in the 2023 compact SUV segment.

Will an older model cost less to insure?

Opting for a 2016 HR-V in place of a more expensive 2023 model year will save around $278 each year. Even an almost new 2019 model could save you $156 annually.

The data table below illustrates the 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 $1,100 for a 60-year-old driver rated on a 2016 Honda HR-V to the most expensive rate of $2,952 for a 20-year-old with a 2023 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 $628 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.

Average insurance rates by location

Depending on the city you live in, insurance cost for a Honda HR-V can vary from cheaper rates like $1,068 a year in Charlotte, NC, or $950 in Raleigh, NC, to expensive rates such as $2,138 a year in Miami, FL, and $2,318 in Las Vegas, NV.

Some additional insurance cost examples include Louisville, KY, at $2,222 per year, Chicago, IL, averaging $1,560, Minneapolis, MN, at $1,516, and Houston, TX, at an estimated $1,530.

The following chart ranks average insurance rate data for a 2023 Honda HR-V in the larger cities in the U.S.

At the state level, states like Maine ($914) and Virginia ($1,006) tend to have cheaper HR-V insurance rates, while states like Louisiana ($1,772), Michigan ($2,024), and Florida ($1,850) tend to be on the expensive side.

The next table shows average rates in all fifty U.S. states for a 2023 Honda HR-V.

Additional rates and information

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

• Higher physical damage deductibles lower policy costs. Increasing your deductibles from $500 to $1,000 could save around $192 per year for a 40-year-old driver and $360 per year for a 20-year-old driver.
• Low deductibles make insurance more expensive. Dropping your deductibles from $500 to $250 could cost an additional $194 per year for a 40-year-old driver and $374 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 $1,750 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 $390 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 ($1,508 per year) and a 20-year-old driver ($2,952 per year) is $1,444, or a savings of 64.8%.
• Fewer accidents mean cheaper Honda HR-V insurance. Having multiple accidents could cost you more, possibly by an extra $678 per year for a 30-year-old driver and even as much as $490 per year for a 50-year-old driver.