As there are various strategies for saving on Honda HR-V car insurance, some strategies include being a low-risk driver with good credit scores and not filing small claims. Another effective approach would be obtaining usage-based or pay-per-mile policies.
Farmers offers the lowest premiums, while GEICO boasts the most. There is no one carrier who can provide drivers with affordable premiums.
Age
Age is one of the key components in calculating car insurance premiums, with younger drivers typically paying more. As drivers age and gain experience behind the wheel, their risk increases, causing older ones to pay less than their teenage counterparts for Honda HR-V car insurance policies.
Model year can have a substantial effect on how much drivers pay for coverage. Newer vehicles tend to command higher premiums as their higher value and more extensive repair needs make them more costly to insure than older models, though the Honda HR-V may offer an exception with regard to this rule, tending to cost less for insuring newer than older vehicles.
As a general guideline, it's always wisest to shop around for the lowest rate. MoneyGeek has created an interactive map showing average rates by provider to assist drivers in their quest for affordable Honda HR-V coverage options. Of these carriers, GEICO charges an average annual premium for full coverage at only $1,356 while Farmers offers more expensive policies.
An individual's annual mileage can also have an effect on their insurance costs. Drivers who drive more frequently tend to see higher premiums because it increases the chance of accidents and injuries that will increase costs overall.
Add gap insurance to your policy as this type of coverage will cover any differences between what a driver owes on their loan and the payout from an insurance provider in case of total vehicle loss.
Last but not least, driving record can also have a huge impact on car insurance rates. High-risk drivers typically see much higher premiums compared to lower risk drivers - so in order to save as much on Honda HR-V car insurance it is crucial that drivers maintain a clean record and do their part to minimize premium increases.
Location
The Honda HR-V is a subcompact SUV designed with coupe-like looks and sport utility features, making for an accessible interior with seating for five and storage space. Furthermore, its affordability and safety credentials have earned excellent crash test ratings; although one of the more costly SUVs to insure, steps can be taken to lower car insurance premiums.
Insurance premiums differ considerably by state and region, so it's wise to obtain quotes from several providers to get an idea of the true cost of insuring your Honda HR-V car insurance policy. Full coverage costs around $150 monthly while liability only coverage averages $82. To access multiple insurers quotes enter your ZIP code below and begin your research process.
States with higher accident rates or those with poor credit will pay more for Honda HR-V insurance premiums; other variables affecting rates include your driving record, age and the type of policy chosen.
Your age can have a dramatic effect on the cost of insuring a Honda HR-V car insurance rate, with older drivers typically paying less due to being involved in less accidents and violations. Younger drivers tend to incur more accidents and violations.
Your job and residence can also have an effect on the cost of Honda HR-V car insurance rates. Being employed full time may reduce premiums while living in a safe neighborhood can also lower them.
If you want to save money on Honda HR-V car insurance, one strategy might be dropping comprehensive and collision coverages altogether. They could add up to $500 a year and are usually not worth their added expense as your Honda HR-V's value may diminish with age and physical damage coverage may no longer make economic sense.
The Honda HR-V is one of the least costly vehicles to insure, although your mileage and driving record will determine its premiums. You could save money by choosing one with excellent fuel economy or taking advantage of discounts such as safety device credits; additionally, avoid tickets and accidents to further lower rates.
Driving Record
Driving history plays a substantial role in determining the cost of car insurance policies. More tickets or accidents on your record means higher premiums, so it pays to drive safely and avoid traffic violations whenever possible - even one ticket could increase rates by $25 or more!
Your mileage per year also plays a factor in your insurance rate; those who drive less typically pay less as they're less likely to file claims with their car insurer. If this describes you, consider switching to usage-based car insurance policy which only charges you according to how far you drive each day.
Honda HR-V car insurance policies typically cost an average annual premium of $1,356 with full coverage - slightly more expensive than similar models from other Honda brands, yet still reasonably affordable when compared with similar cars from other manufacturers. GEICO provides the least costly Honda HR-V policies while Allstate and Allied provide those at the higher price points.
Insurance rates differ depending on where you live, making comparison shopping essential before selecting an insurer. Many websites can help you quickly access local quotes or contact an agent directly for specific rates based on vehicle and zip code; ultimately it is best to obtain quotes specifically tailored to these elements as this will determine their price tag.
The Honda HR-V is an economical crossover vehicle designed for easy driving and fuel efficiency, boasting an MSRP below that of comparable vehicles and boasting high safety ratings. Furthermore, its availability of technology and convenience features make this an attractive option for those on tight budgets. Although some issues exist within its structure, overall this compact crossover offers great safety and reliability with low insurance group ratings making it a good value pick.
Insurance Company
Insurance carriers that insure Honda HR-Vs have a major effect on car insurance rates. Drivers may find substantial savings by switching carriers if their current provider doesn't offer competitive prices; additionally, some offer loyalty and safe driving discounts that could further reduce premium costs.
On average, full coverage for the Honda HR-V costs about $1,296 annually with comprehensive and collision insurance, along with liability protection. Please keep in mind that these figures are estimates and could differ based on policy type and driver characteristics.
Avoiding tickets and accidents will significantly lower your Honda HR-V car insurance costs and save thousands over its lifespan. Even minor traffic violations could increase premiums by as much as $386 annually!
Location can have a dramatic effect on the cost of Honda HR-V car insurance rates, with smaller cities with less dense populations often boasting lower premiums while larger metro areas will likely incur more costly premiums.
Insurance companies consider several factors when calculating policy prices, including your age and gender, driving record and vehicle model (in this instance HR-V). Furthermore, trim levels or models tend to have different safety features which will all have an effect on policy pricing.
Be sure to do your research when searching for Honda HR-V insurance policies, comparing quotes online to find the one with the best combination of affordability, customer service and claims handling efficiency. Start your search online by gathering quotes and comparing rates in order to locate the most affordable plan available.
The Honda HR-V is an affordable compact SUV that boasts attractive car insurance rates for drivers of all ages. Thanks to its low MSRP value, low horsepower output, and outstanding safety ratings it qualifies for cheap coverage; however other factors could impact its rates such as age, driving record history, and location of residence.