The 2024 Honda CR-V costs an average of $1,740 per year ($145/month) to insure for full coverage — $264 below the national average.
How Much Does It Cost to Insure a Honda CR-V?
The average cost to insure a 2024 Honda CR-V is $1,740 per year ($145/month) for full coverage — $264 below the national average of $2,004. This vehicle's insurance cost is driven by among the lowest for compact SUVs with Honda reliability, widely available parts, and competitive repair costs.
| Insurer | Full Coverage/Yr | Liability Only/Yr | Best For |
|---|---|---|---|
| Geico | $1,461 | $556 | Clean record drivers |
| State Farm | $1,687 | $643 | Local agent experience |
| Progressive | $1,879 | $713 | High-risk drivers |
| Allstate | $2,070 | $783 | New car replacement |
| Nationwide | $1,583 | $609 | Safe driver rewards |
| USAA | $1,270 | $487 | Military only |
What Factors Determine Honda CR-V Insurance Rates
- Model year: Newer Honda CR-V models cost more to insure due to higher vehicle values and more expensive technology components.
- Trim level: Higher trim levels with more features cost more since repairs are more expensive.
- Your location: Honda CR-V insurance rates can vary by 50–100% between states.
- Your driving record: Your personal driving history affects your rate far more than the vehicle itself.
- Deductible choice: A $1,000 deductible instead of $500 reduces your Honda CR-V premium by approximately 15–20 percent.
Cheapest Way to Insure a Honda CR-V
- Compare at least 5 insurers — rates for the Honda CR-V vary significantly between companies.
- Bundle your Honda CR-V insurance with home or renters insurance for 10–25% multi-policy savings.
- Choose a higher deductible to save 15–20 percent on collision and comprehensive.
- Enroll in a telematics program if you are a safe driver for 10–30% additional savings.
- Ask about anti-theft and safety feature discounts that apply to the Honda CR-V.
Pro Tip
Get insurance quotes for the Honda CR-V before purchasing. The difference in insurance cost between trim levels and model years can be $400–$800 per year — a significant factor in total 5-year ownership cost.