2020 Honda HR-V Insurance Rates

Average insurance rates for a 2020 Honda HR-V are $1,340 a year for full coverage insurance. Comprehensive costs approximately $280 each year, collision insurance costs $512, and liability insurance costs $390. Buying a liability-only policy costs as little as $452 a year, and high-risk insurance costs around $2,896. Teenage drivers receive the highest rates at up to $5,012 a year.

Annual premium for full coverage: $1,340

Rate estimates for 2020 Honda HR-V Insurance

Rate data is compiled from all 50 U.S. states and averaged for all 2020 Honda HR-V models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

View Chart as Image

These differences illustrate why all drivers should compare rates using their specific location and risk profile, rather than relying on average rates.

Use the form below to get rates for your location.

Searching for the cheapest insurance rates? Consumers have lots of choices when looking for the best price on Honda HR-V insurance. They can either spend hours struggling with agents to compare prices or save time using the internet to find the lowest rates.

There are both good and bad ways to buy insurance so you’re going to learn the best way to price shop coverage for your Honda and locate the lowest price either online or from local insurance agents.

It’s smart to price shop coverage yearly because insurance prices are constantly changing. Even if you think you had the best deal on HR-V coverage at your last renewal you may be paying too much now. Block out anything you think you know about insurance because we’re going to demonstrate the tricks you need to know to lower your rates without sacrificing coverage.

The best way to get rate comparisons takes advantage of the fact almost all companies participate in online systems to provide you with free rate quotes. To begin a comparison, all you need to do is give them rating details including distance driven, any included safety features, how you use your vehicles, and your education level. That rating information gets transmitted to all major companies and they return quotes with very little delay.

The auto insurance bait and switch

Drivers can’t ignore all the ads for auto insurance savings by GEICO, State Farm and Progressive. They all advertise the message about savings just by moving to them.

How does every auto insurance company claim to save you money? Here is the trick they use.

Most companies are able to cherry pick for the type of customer they prefer to insure. For instance, a profitable insured could be over the age of 40, carries high limits, and has a high credit rating. Someone who meets those qualifications receives the best car insurance rates and have a good chance to save money with a new company.

Potential customers who are not a match for these stringent criteria will get higher premium rates and this results in the prospect going elsewhere. If you listen closely, the ads state “customers who switch” but not “all drivers who get quotes” save that much when switching. That’s the way companies can truthfully make those statements.

Because of the profiling, drivers must compare rate quotes every year. Because you cannot predict with any certainty which company will provide the lowest car insurance rates.

Affordable auto insurance rates with discounts

Auto insurance is expensive, but you may be missing some discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically at quote time, but some must be asked for before you get the savings.

• Active Service Discounts – Having an actively deployed family member could mean lower premium rates.
• College Student – Older children who are enrolled in higher education away from home and won’t have access to an insured vehicle may be insured at a cheaper rate.
• Own a Home – Just owning your own home may trigger a policy discount on auto insurance since home ownership requires personal responsibility.
• Senior Discount – Mature drivers may receive reduced rates on HR-V coverage.
• Low Mileage Discounts – Fewer annual miles on your Honda could earn discounted auto insurancerates on garaged vehicles.
• Sign Early and Save – A few insurance companies give discounts for switching companies before your current expiration date. This discount can save up to 10%.
• Driver Training Discounts – Taking a class that teaches safe driver techniques could earn you a small percentage discount if your company offers it.

A quick disclaimer, many deductions do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A few of the larger companies and a partial list of their discounts are:

• Farm Bureau may offer discounts for youthful driver, multi-vehicle, safe driver, driver training, multi-policy, and 55 and retired.
• Liberty Mutual offers discounts for exclusive group savings, good student, new move discount, newly retired, new vehicle discount, teen driver discount, and new graduate.
• State Farm may have discounts that include Drive Safe & Save, accident-free, multiple autos, multiple policy, good driver, passive restraint, and good student.
• Auto-Owners Insurance may include discounts for safe driver, paid in full, teen driver, anti-lock brakes, student away at school, and paperless.
• GEICO policyholders can earn discounts including daytime running lights, emergency military deployment, membership and employees, anti-theft, defensive driver, and multi-policy.
• SAFECO includes discounts for anti-theft, drive less, accident prevention training, homeowner, anti-lock brakes, and teen safety rewards.

Double check with each company which discounts you qualify for. Some of the earlier mentioned discounts might not be offered in your area. If you would like to see a list of auto insurance companies that have a full spectrum of discounts, enter your zip code here.

Tailor your auto insurance coverage to you

When buying proper insurance coverage, there is no single plan that fits everyone. Each situation is unique.

For instance, these questions can aid in determining whether you might need an agent’s assistance.

• Am I covered if hit by an uninsured driver?
• Am I covered when delivering products for my home-based business?
• Does my liability insurance cover pulling a trailer or camper?
• When would I need rental car insurance?
• Do I have coverage when using my vehicle for my home business?
• Can I get a multi-policy discount?
• Why am I required to buy liability insurance?
• Do I need PIP coverage since I have good health insurance?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out your zip code. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverages

Knowing the specifics of your insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Honda HR-V.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are similar to your liability insurance amounts.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like EMT expenses, prosthetic devices, surgery, nursing services and X-ray expenses. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive (Other than Collision) – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, vandalism, theft and rock chips in glass. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for liability – Liability insurance will cover damages or injuries you inflict on a person or their property. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims such as court costs, bail bonds, repair bills for other people’s vehicles, medical services and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision coverage pays for damage to your HR-V resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like driving through your garage door, sideswiping another vehicle, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Final considerations

Insureds change insurance companies for a variety of reasons including being labeled a high risk driver, denial of a claim, unfair underwriting practices and even poor customer service. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.

When trying to cut insurance costs, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage for the lowest price while not skimping on critical coverages.

Some car insurance companies may not provide the ability to get quotes online and most of the time these regional insurance providers only sell through independent agents. Affordable 2020 Honda HR-V insurance is possible both online and with local insurance agents, so you should compare both to get a complete price analysis.

Additional car insurance information can be found below:

• Distracted Driving Statistics (Insurance Information Insitute)
• Driving in Bad Weather (Insurance Information Insitute)
• Credit and Insurance Scores (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)