Best Car Insurance for a Honda CR-V (2022)
Car insurance for a Honda CR-V is generally affordable, averaging $95 per month. While age appears to be the factor that affects cost the most, with teenage drivers facing the highest rates, companies offer discounts to every demographic.
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UPDATED: Mar 28, 2022
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- Rates for Honda CR-V insurance average about $1,140 annually and $95 per month
- Factors that influence insurance rates include the driver’s age, gender, driving record, home address, marital status, and credit history as well as the vehicle’s age
- Drivers have opportunities to save using company-provided discounts
Searching for car insurance is a cumbersome but necessary part of owning a vehicle. Luckily, car insurance for a Honda CR-V is generally affordable. The CR-V is a practical SUV with insurance rates that beat the national average.
Even though average Honda CR-V insurance rates are low, you’ll still want to find the best available pricing with the greatest possible coverage.
In this article, we’ll help you understand the many factors that affect insurance rates and the discounts available to you as a CR-V owner. We’ll also discuss what you can do to lower your rates with every renewal.
How much does car insurance cost for a Honda CR-V?
The Honda CR-V average insurance cost for full coverage is $1,140 annually or $95 per month. CR-V drivers can pay almost $400 less per year than many drivers with similar vehicles.
The following chart depicts average rates for a Honda CR-V based on the type of insurance.
Factors That Affect Honda CR-V Insurance Rates
Many factors affect the cost of insurance rates, but most relate to the driver rather than the car. Insurers may consider the following information about the driver when assessing risk:
- Age. This causes the most significant variance in insurance rates. Teenage drivers are significantly more expensive to insure than adults, and rates decrease as drivers age.
- Gender. Gender is usually considered in tandem with age. For example, teen males generally pay more for car insurance than any other demographic. However, males aged 45 and up often pay slightly less than their female counterparts.
- Marital status. Marital status affects rates because drivers with a spouse are often less risky. Statistically, they have fewer traffic accidents and violations than single drivers.
- A history of high-risk violations. Having high-risk violations on your record will almost definitely increase insurance rates immediately. Factors that influence the increase include the number and severity of the accidents.
- Any other violations. Overall, a clean driving history presents a lower risk to insurers, and a single violation can affect your rates for as long as three to five years.
- Home address. The area a driver lives in may be a greater risk for damage. Rural areas are usually less costly because they are less congested than urban areas.
- Credit history. This is a factor in every state except California, Hawaii, and Massachusetts. Drivers with good credit often pay less annually than drivers with poor credit.
State insurance requirements also affect costs. Every state has mandated minimum coverage and types of insurance. Additionally, there are federal insurance requirements. More coverage equals higher rates.
All 50 states require a minimum of bodily injury liability coverage per person and accident as well as property damage liability coverage. Some states, known as no-fault states, require personal injury protection and uninsured/underinsured motorist coverage.
Elements of the vehicle also play a role. Older models are generally cheaper to insure, and insurers may provide low-cost coverage for vehicles with good safety ratings. Honda CR-Vs consistently receive high ratings in the following safety tests:
- Seat and head restraints
- Driver and passenger-side small and moderate overlap front
- Side impact
- Roof strength
Additionally, average annual mileage plays a prominent role because cars on the road are at a higher risk for accidents.
You can input all this information online and shop for quotes before committing to an insurance company. Shopping around is the most effective way to get the best rates.
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Honda CR-V Insurance Rates by Age
Here you can see a breakdown of average Honda CR-V insurance rates by age.
|Age Range||Average Annual Rate|
|Drivers Age 20-30||$2,584 – $1,190|
|Drivers Age 30-40||$1,190 – $1,140|
|Drivers Age 40-50||$1,140 – $1,040|
|Drivers Age 50-60||$1,040 – $1,018|
Honda CR-V insurance cost trends consistently downward as drivers age. Teenagers are the highest-risk drivers because of their limited driving experience and maturity level. Adults, particularly married couples with children, tend to drive more cautiously and are less risky for insurers.
Available Discounts for Honda CR-V Drivers
Companies offer different discounts to reduce the cost of car insurance. Qualifying factors for discounts sometimes relate to the factors mentioned above that affect cost. Some common examples of car insurance discounts include:
- Low mileage discount. Low mileage discounts are provided to drivers who travel less than a set number of miles annually.
- Safe or good driver discount. Drivers that go a set number of years without at-fault accidents or moving violations may qualify for these.
- Defensive driver class discount. This type of discount is often available in congested areas and is provided to drivers who complete a driver safety course.
- Multiple vehicle discount. This discount may be available to drivers that insure more than one vehicle with the same company.
- Good student discount. Good student discounts are often provided for teen drivers that present good grades.
- Anti-theft discount. Drivers with vehicles containing anti-theft devices may be eligible for these, with savings often reflected in comprehensive coverage.
- Policy bundling discount. This discount is awarded to policyholders that purchase multiple policies.
Discounts are generally designed to promote customer retention. The longer you stay with a company, the more incentives they offer through discounts. Most companies use policy bundling and multiple vehicle discounts to entice you to purchase more policies with the company. Many offer small monthly discounts for things like automatic withdrawal and paperless billing.
Get Honda CR-V Insurance Quotes Today
Finding affordable car insurance doesn’t have to be tricky. With sufficient resources available to you online, you can find a company that provides the policy coverage you need at the right price. After reviewing this in-depth article, you should feel confident exploring the options for Honda CR-V insurance and the discounts available to your demographic.