- Honda HR-V insurance costs $1,650 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 $1,594 per year, or $133 per month. The model with the most expensive insurance is the EX-L AWD at $1,704 per year, or around $142 per month.
- The Honda HR-V ranks 15th out of 47 vehicles in the 2024 compact SUV class for overall car insurance affordability.
How much does Honda HR-V insurance cost?
Honda HR-V insurance rates average $1,650 a year, or $138 if paid each month. On average, expect to pay approximately $95 less per year for Honda HR-V insurance when compared to the average rate for all small SUVs, and $233 less per year than the $1,883 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 $24,100) costing an average of $1,594 per year, or about $133 per month.
The $29,150 EX-L AWD trim is the most expensive to insure, costing an average of $110 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.
2024 Honda HR-V Trim Level | Annual Premium | Cost Per Month |
---|---|---|
LX | $1,594 | $133 |
LX AWD | $1,632 | $136 |
Sport | $1,632 | $136 |
Sport AWD | $1,666 | $139 |
EX-L | $1,678 | $140 |
EX-L AWD | $1,704 | $142 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 23, 2024
Is Honda HR-V insurance cheap?
The Honda HR-V ranks 15th out of 47 total vehicles in the small SUV class. The HR-V costs an average of $1,650 per year to insure and the segment average cost is $1,745 annually, so the HR-V costs $95 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 $98 less per year than the Toyota RAV4, $32 more than the Honda CR-V, $96 less than the Chevrolet Equinox, and $54 less than the Nissan Rogue.
The table below shows how Honda HRV insurance cost compares to all 47 models in the 2024 compact SUV segment.
Rank | Make and Model | Annual Premium | Difference |
---|---|---|---|
1 | Subaru Crosstrek | $1,402 | -$248 |
2 | Chevrolet Trailblazer | $1,424 | -$226 |
3 | Kia Soul | $1,482 | -$168 |
4 | Nissan Kicks | $1,494 | -$156 |
5 | Buick Envision | $1,520 | -$130 |
6 | Toyota Corolla Cross | $1,530 | -$120 |
7 | Hyundai Venue | $1,540 | -$110 |
8 | Mazda CX-5 | $1,548 | -$102 |
9 | Ford Bronco Sport | $1,554 | -$96 |
10 | Volkswagen Tiguan | $1,570 | -$80 |
11 | Buick Encore | $1,612 | -$38 |
12 | Honda CR-V | $1,618 | -$32 |
13 | Volkswagen Taos | $1,624 | -$26 |
14 | Kia Niro | $1,626 | -$24 |
15 | Honda HR-V | $1,650 | -- |
16 | Subaru Forester | $1,692 | $42 |
17 | Kia Seltos | $1,694 | $44 |
18 | GMC Terrain | $1,698 | $48 |
19 | Nissan Rogue | $1,704 | $54 |
20 | Hyundai Kona | $1,706 | $56 |
21 | Mazda CX-30 | $1,710 | $60 |
22 | Volkswagen ID4 | $1,720 | $70 |
23 | Ford Escape | $1,730 | $80 |
24 | Chevrolet Equinox | $1,746 | $96 |
25 | Toyota RAV4 | $1,748 | $98 |
26 | Mazda MX-30 | $1,760 | $110 |
27 | Hyundai Tucson | $1,764 | $114 |
28 | Chevrolet Trax | $1,794 | $144 |
29 | Mini Cooper Clubman | $1,798 | $148 |
30 | Mini Cooper | $1,800 | $150 |
31 | Mitsubishi Eclipse Cross | $1,820 | $170 |
32 | Jeep Renegade | $1,824 | $174 |
33 | Mitsubishi Outlander | $1,848 | $198 |
34 | Nissan Ariya | $1,856 | $206 |
35 | Kia Sportage | $1,858 | $208 |
36 | Hyundai Ioniq 5 | $1,864 | $214 |
37 | Fiat 500X | $1,870 | $220 |
38 | Mazda CX-50 | $1,884 | $234 |
39 | Toyota bz4X | $1,890 | $240 |
40 | Mini Cooper Countryman | $1,892 | $242 |
41 | Subaru Solterra | $1,898 | $248 |
42 | Mitsubishi Mirage | $1,900 | $250 |
43 | Kia EV6 | $1,958 | $308 |
44 | Dodge Hornet | $2,018 | $368 |
45 | Jeep Compass | $2,054 | $404 |
46 | Hyundai Nexo | $2,094 | $444 |
47 | Ford Mustang Mach-E | $2,220 | $570 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated February 23, 2024
Will an older model cost less to insure?
Opting for a 2016 HR-V in place of a more expensive 2024 model year will save around $482 each year. Even an almost new 2019 model could save you $314 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 $982 for a 60-year-old driver rated on a 2016 Honda HR-V to the most expensive rate of $3,266 for a 20-year-old with a 2024 model.
Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
---|---|---|---|
2024 Honda HR-V | $3,266 | $1,650 | $1,376 |
2023 Honda HR-V | $3,030 | $1,528 | $1,278 |
2022 Honda HR-V | $3,090 | $1,554 | $1,298 |
2021 Honda HR-V | $2,938 | $1,476 | $1,234 |
2020 Honda HR-V | $2,858 | $1,436 | $1,202 |
2019 Honda HR-V | $2,666 | $1,336 | $1,120 |
2018 Honda HR-V | $2,512 | $1,262 | $1,058 |
2017 Honda HR-V | $2,418 | $1,214 | $1,020 |
2016 Honda HR-V | $2,334 | $1,168 | $982 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Honda HR-V trim levels for each model year. Updated February 23, 2024
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 $618 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 $1,218 a year in Charlotte, NC, or $1,094 in Raleigh, NC, to expensive rates such as $2,300 a year in Miami, FL, and $2,510 in Las Vegas, NV.
Some additional insurance cost examples include Louisville, KY, at $2,410 per year, Chicago, IL, averaging $1,726, Minneapolis, MN, at $1,678, and Houston, TX, at an estimated $1,692.
The following chart ranks average insurance rate data for a 2024 Honda HR-V in the larger cities in the U.S.
At the state level, states like Maine ($1,060) and Virginia ($1,152) tend to have cheaper HR-V insurance rates, while states like Louisiana ($1,920), Michigan ($2,166), and Florida ($2,004) tend to be on the expensive side.
The next table shows average rates in all fifty U.S. states for a 2024 Honda HR-V.
U.S. State | Annual Premium | Cost Per Month |
---|---|---|
Alabama | $1,510 | $126 |
Alaska | $1,294 | $108 |
Arizona | $1,536 | $128 |
Arkansas | $1,730 | $144 |
California | $1,978 | $165 |
Colorado | $1,770 | $148 |
Connecticut | $1,832 | $153 |
Delaware | $1,872 | $156 |
Florida | $2,004 | $167 |
Georgia | $1,694 | $141 |
Hawaii | $1,178 | $98 |
Idaho | $1,224 | $102 |
Illinois | $1,474 | $123 |
Indiana | $1,278 | $107 |
Iowa | $1,160 | $97 |
Kansas | $1,642 | $137 |
Kentucky | $1,770 | $148 |
Louisiana | $1,920 | $160 |
Maine | $1,060 | $88 |
Maryland | $1,554 | $130 |
Massachusetts | $1,798 | $150 |
Michigan | $2,166 | $181 |
Minnesota | $1,446 | $121 |
Mississippi | $1,626 | $136 |
Missouri | $1,854 | $155 |
Montana | $1,536 | $128 |
Nebraska | $1,410 | $118 |
Nevada | $1,958 | $163 |
New Hampshire | $1,160 | $97 |
New Jersey | $1,984 | $165 |
New Mexico | $1,392 | $116 |
New York | $1,902 | $159 |
North Carolina | $1,090 | $91 |
North Dakota | $1,402 | $117 |
Ohio | $1,202 | $100 |
Oklahoma | $1,818 | $152 |
Oregon | $1,560 | $130 |
Pennsylvania | $1,602 | $134 |
Rhode Island | $2,024 | $169 |
South Carolina | $1,418 | $118 |
South Dakota | $1,704 | $142 |
Tennessee | $1,586 | $132 |
Texas | $1,552 | $129 |
Utah | $1,470 | $123 |
Vermont | $1,246 | $104 |
Virginia | $1,152 | $96 |
Washington | $1,514 | $126 |
West Virginia | $1,496 | $125 |
Wisconsin | $1,228 | $102 |
Wyoming | $1,490 | $124 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated February 23, 2024
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 $242 per year for a 40-year-old driver and $456 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 $252 per year for a 40-year-old driver and $480 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 $1,908 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 $434 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 ($1,650 per year) and a 20-year-old driver ($3,266 per year) is $1,616, or a savings of 65.7%.
- Fewer accidents mean cheaper Honda HR-V insurance. Having multiple accidents could cost you more, possibly by an extra $786 per year for a 30-year-old driver and even as much as $502 per year for a 50-year-old driver.