Compare the Cost of Honda HR-V Insurance by Model Year and Company

Q: What company has the cheapest car insurance for a Honda HR-V?

GEICO is the cheapest Honda HR-V insurance provider, charging $1,070 per year. Honda HR-V insurance costs an average of $1,354 per year, which is relatively inexpensive compared to insuring other car models. However, location, model year and age will also impact how much you can expect to pay to insure your Honda HR-V.

Q: What company offers the best car insurance for a Honda HR-V?

Earning a MoneyGeek score of 90 out of 100, GEICO is our top pick for the best Honda HR-V insurance . Among the insurers analyzed, GEICO secured the top position in affordability, ranking first. While State Farm and Travelers performed better in customer satisfaction, GEICO's competitive pricing remained unmatched.

Honda HR-V insurance costs are relatively inexpensive, averaging $1,354 per year. GEICO offers this vehicle's cheapest rates, but prices may vary based on the car's model year, driver's age and the insurer.

By Mark Fitzpatrick

Edited by Jonathan Ramos

Updated: October 25, 2024

Advertising & Editorial Disclosure

The cost to insure a Honda HR-V varies significantly depending on a driver's age and the vehicle's model year. Full coverage insurance for a 16-year-old driver with a 2016 model costs $5,720 annually, but a 40-year-old with the same car only pays $1,255 per year. A 2022 model incurs an average annual rate of $6,148 for 16-year-olds and $1,368 for 40-year-olds.

MoneyGeek also analyzed providers offering the best balance of affordability, service and claims handling efficiency to help you find the best Honda HR-V car insurance.

Car Insurance CostsHonda HR-V

2024

Table of Contents

Cheapest Insurer - GEICO

Best Insurer - GEICO

Runner-Up - State Farm

Costs by Model Year

Costs by Driver Age

Costs by Location

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Honda HR-V.

These rates were updated to reflect the average cost of car insurance for a Honda HR-V as of 2023.

10Companies Compared

20,916 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Honda HR-V

It costs an average of $1,354 per year to insure a Honda HR-V, but rates can vary significantly depending on the provider you choose. GEICO offers the most affordable option, with a full coverage policy costing $1,070 per year, while Farmers, the most expensive provider, charges $1,595 annually.

For minimum coverage, GEICO still offers the cheapest car insurance for a Honda HR-V at $489 per year, which is significantly cheaper than Farmers' cost of $741 per year for a similar policy.

Data filtered by:Results filtered by:

Age

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Age:40

Coverage

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Coverage:Full Coverage


GEICO	$1,070
State Farm	$1,107
Nationwide	$1,316
Allstate	$1,358
Travelers	$1,368
Progressive	$1,422
Farmers	$1,595

Is a Honda HR-V Expensive to Insure?

Insurance providers consider various factors, including affordability, reliability and safety, to determine coverage rates. On average, Honda HR-V insurance rates are relatively inexpensive. With a low MSRP value of $24,615, this model has low horsepower and good safety ratings contributing to its cheap car insurance costs.

Best Companies for Insuring a Honda HR-V

Besides cost, it's also essential to consider factors like customer service and claims management when shopping for the best Honda HR-V insurance provider.

MoneyGeek found that the best car insurance companies for a Honda HR-V are:

GEICO: MoneyGeek score of 90 out of 100 ($1,070 per year)
State Farm: MoneyGeek score of 90 out of 100 ($1,107 per year)

GEICO ranked first for affordability and third for customer satisfaction, meaning policyholders can expect a balance of great service at an affordable price.

MoneyGeek Top Pick: GEICO

pros

Offers the most affordable policies, costing $1,070

Third-highest customer satisfaction score

Provides a wide range of coverage options

cons

Average claims handling rating

Doesn’t offer gap insurance

COMPANY HIGHLIGHTS

GEICO is our top choice for the best Honda HR-V insurance for its balance of service quality and low cost. With its high affordability ranking and third-best customer satisfaction score among seven competing insurers, GEICO offers excellent value. In addition, it provides a variety of coverage options to meet the needs of policyholders.

If you have a new Honda HR-V with less than 15,000 miles, GEICO's mechanical breakdown insurance (MBI) offers better protection than a typical dealer warranty. MBI covers all parts and systems in your vehicle, including those not covered by the dealer.

GEICO offers accident forgiveness as an add-on coverage. This will protect you from premium increases after your first at-fault accident. The insurer also provides essential coverages like roadside assistance, which will cover the costs of emergency services like towing, gas delivery and mechanical labor if your Honda HR-V breaks down.

MoneyGeek Runner-Up: State Farm

pros

Charges the second-cheapest rate, priced at $1,107 per year

Earned the second-highest customer satisfaction rating

cons

Limited add-on coverage selection

Below-average claims management score

COMPANY HIGHLIGHTS

State Farm also does an excellent job at balancing satisfactory service with affordable rates, making it our runner-up for the best Honda HR-V auto insurance. Although coverage options are limited, State Farm does offer essentials like roadside assistance and rental car reimbursement.

With its roadside assistance add-on, State Farm will cover emergency services if your Honda HR-V has issues on the road. This will pay for up to one hour of mechanical labor, towing and the delivery of gas, oil or batteries. Roadside assistance will also pay for tire changes and locksmith services.

If your Honda HR-V is in the shop for repairs, State Farm's rental car and travel reimbursement coverage can provide financial assistance. This coverage reimburses you for car rental expenses up to a specific limit and also contributes up to $500 toward your deductible in the event of an at-fault accident involving the rental vehicle.

Read MoneyGeek's State Farm Auto Insurance Review

Cost of Insuring a Honda HR-V by Model Year

The average cost of car insurance for a Honda HR-V varies by model year. A 2022 Honda HR-V costs $1,368 per year to insure, $113 more than the cost of insuring a 2016 model at $1,255 annually. Newer models are more expensive to cover than older ones since they have higher values.

Data filtered by:Results filtered by:

Age

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Age:40

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Coverage:Full Coverage


2022	$1,368
2021	$1,359
2020	$1,343
2019	$1,328
2018	$1,294
2017	$1,270
2016	$1,255

Car insurance costs for your Honda HR-V will also vary depending on the insurer and the model year. State Farm is the cheapest provider for a 2016 model at $998 per year, while GEICO offers the most affordable annual rates for a 2022 model at $1,119 per year.

Data filtered by:Results filtered by:

Model Year

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Model Year:2022

Age

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Age:40

Coverage

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Coverage:Full Coverage


GEICO	$1,119
State Farm	$1,176
Nationwide	$1,333
Progressive	$1,353
Travelers	$1,427
Allstate	$1,467
Farmers	$1,694

Cost of Insuring a Honda HR-V for 16- to 25-Year-Olds

Teens and young adults pay much more for car insurance than drivers in their 30s and 40s. For example, Honda HR-V full coverage insurance for 16-year-old drivers costs $5,960 per year, while 40-year-olds only spend an annual average of $1,317 for a similar policy.

Teen car insurance rates decrease as drivers age and tend to level out during their 20s.

Data filtered by:Results filtered by:

Coverage

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Coverage:Full Coverage


16	$5,960
17	$4,847
18	$4,257
19	$2,953
20	$2,675
21	$2,064
22	$1,911
23	$1,778
24	$1,689
25	$1,526

Adding a teen's car insurance coverage to an existing family plan is much cheaper than purchasing their own policy. State Farm offers the most competitive individual policy rates for teens at $3,777 per year for full coverage. Farmers is the most expensive option at $8,568 annually.

To find the best and cheapest car insurance rates, we recommend comparing quotes from at least three providers.

Data filtered by:Results filtered by:

Age

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Age:16

Model Year

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Model Year:2022

Coverage

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Coverage:Full Coverage


State Farm	$3,777
GEICO	$5,208
Nationwide	$5,372
Travelers	$5,689
Allstate	$6,873
Progressive	$7,047
Farmers	$8,568

How Does Location Affect the Cost of Honda HR-V Insurance?

Vehicle types, model years and drivers' ages impact car insurance rates, but location can be even more important in some cases. The most affordable auto insurance company can vary from state to state. For example, the average rates in Florida ($1,058 per year) are considerably higher than in Idaho ($299 per year).

To find the best Honda HR-V insurance rates, compare quotes from the least expensive companies in your state.

Data filtered by:Results filtered by:

Age Group

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Age Group:30-59

Coverage

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Coverage:Full Coverage


Alabama	Nationwide	$709	$59
Alaska	State Farm	$699	$58
Arizona	Root Insurance Company	$682	$57
Arkansas	State Farm	$629	$52
California	AAA California	$1,001	$83
Colorado	American National P&C	$541	$45
Connecticut	GEICO	$693	$58
Delaware	State Farm	$881	$73
District of Columbia	GEICO	$662	$55
Florida	State Farm	$1,058	$88
Georgia	Country Financial	$665	$55
Hawaii	GEICO	$565	$47
Idaho	American National P&C	$299	$25
Illinois	Country Financial	$663	$55
Indiana	American Family	$555	$46
Iowa	State Farm	$509	$42
Kansas	Nationwide	$670	$56
Kentucky	Nationwide	$790	$66
Louisiana	Louisiana Farm Bureau	$1,048	$87
Maine	Concord Group	$521	$43
Maryland	Progressive	$938	$78
Massachusetts	State Farm	$483	$40
Michigan	GEICO	$898	$75
Minnesota	State Farm	$797	$66
Mississippi	Direct General Insurance	$723	$60
Missouri	Nationwide	$909	$76
Montana	Progressive	$437	$36
Nebraska	American National P&C	$405	$34
Nevada	CSAA	$940	$78
New Hampshire	State Farm	$540	$45
New Jersey	Plymouth Rock Assurance	$895	$75
New Mexico	State Farm	$644	$54
New York	Kemper	$781	$65
North Carolina	Erie	$630	$52
North Dakota	American Family	$616	$51
Ohio	Nationwide	$485	$40
Oklahoma	State Farm	$662	$55
Oregon	State Farm	$706	$59
Pennsylvania	Nationwide	$580	$48
Rhode Island	State Farm	$700	$58
South Carolina	American National P&C	$463	$39
South Dakota	Allstate	$746	$62
Tennessee	State Farm	$579	$48
Texas	State Farm	$699	$58
Utah	Nationwide	$725	$60
Vermont	State Farm	$493	$41
Virginia	American Family	$601	$50
Washington	PEMCO	$534	$44
West Virginia	Erie	$784	$65
Wisconsin	GEICO	$556	$46
Wyoming	State Farm	$745	$62

Frequently Asked Questions About Honda HR-V Insurance

When shopping for the best Honda HR-V insurer, it's normal to have questions about costs and customer service quality. We answered some frequently asked questions to help you learn more.

What company has the cheapest car insurance for a Honda HR-V?

GEICO is the cheapest Honda HR-V insurance provider, charging $1,070 per year. Honda HR-V insurance costs an average of $1,354 per year, which is relatively inexpensive compared to insuring other car models. However, location, model year and age will also impact how much you can expect to pay to insure your Honda HR-V.

What company offers the best car insurance for a Honda HR-V?

Earning a MoneyGeek score of 90 out of 100, GEICO is our top pick for the best Honda HR-V insurance. Among the insurers analyzed, GEICO secured the top position in affordability, ranking first. While State Farm and Travelers performed better in customer satisfaction, GEICO's competitive pricing remained unmatched.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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