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In Texas, buying a Honda CR-V in Arlington and Fort Worth, instead of Dallas or Plano can save up to $5,000!

The Honda CR-V has had a long-standing tradition of being extremely good value for money while providing a great alternative to mid-sized sedans or SUVs. It is also highly recommended as a great choice for a used small crossover SUV.

In this feature, we see why it is important to compare the median price of the car and how it affects the insurance in the long run. Let us consider the Dallas–Fort Worth Metroplex area, consisting of Dallas–Plano–Irving and Fort Worth–Arlington.

City Make Model Year Range Insurance Average ($) Insurance %
Dallas Honda CR-V 2005 - 2012 1,176 5
Fort Worth Honda CR-V 2005 - 2012 1,015 5
Arlington Honda CR-V 2005 - 2012 1,042 5
Plano Honda CR-V 2005 - 2012 966 4

Taking a look at the above table, it is easy to conclude that Plano with its lowest insurance percentage is the best bet for buying a used Honda CR-V. With a low insurance average of just $966, one may think it is a sure shot way of saving a few thousand dollars. However, buying a used Honda CR-V in Plano is one of the most expensive decisions, apart from buying a used Honda CR-V in say, Dallas.

If you are wondering why, have a look at the below table. Here we have included the median price of a used Honda CR-V.

City Make Model Year Range Insurance Average ($) Median Price ($) Insurance %
Dallas Honda CR-V 2005 - 2012 1,176 23,295 5
Fort Worth Honda CR-V 2005 - 2012 1,015 19,526 5
Arlington Honda CR-V 2005 - 2012 1,042 18,799 5
Plano Honda CR-V 2005 - 2012 966 23,750 4

If you look carefully, you will see that Plano has one of the highest upfront costs for a used Honda CR-V.  In fact, it makes more sense to buy the crossover in Arlington or even Fort Worth and save roughly $5,000 on your purchase! That’s definitely worth an hour’s drive!

Insuring the ‘impossible made possible’ Honda CR-V

The Honda CR-V is an easy-to-drive family car with lots of interior space. First introduced to the US markets in 1995, the Honda CR-V is loosely modeled along the Honda Civic. Since then, this car has been given a facelift multiple times, the latest being the 2014 version. This version comes with excellent mileage, is roomier, and with better driver-friendly user controls.

If you are considering buying this crossover, do not forget to take into account the insurance costs it comes with. Insurance is a necessary component of financial planning, and it is a recurring expense that cannot be avoided.

The median price and the insurance average of the Honda CR-V are low in Maine, where it can be insured for 3% of its price. In Georgia, on the other hand, you would have to shell out 13% of the median price of the car every year for insuring your Honda CR-V.

In the State of Louisiana, the insurance percentage of this car is 10%.

The states with the lowest insurance (3%) percentage are: Iowa, Maine, and North Dakota. However, the median price of this car is very high (around $27265) in North Dakota.

The Honda CR-V can be insured at 4% of its cost in the states of North Carolina, Illinois, Indiana, Ohio, Colorado, South Carolina, Nebraska, Hawaii, and Vermont. Of these states, the median price of the car is below $20,000 in North Carolina, Illinois, and Indiana, making this car an affordable option for the residents of these states.

The median price of the Honda CR-V is the least in New Mexico at $14,995, though the insurance percentage in this state is 7% of the cost.

The cost of insuring this car is astronomical in some states. Insuring your Honda CR-V comes with a hefty premium of 8% of your median price in the states of Connecticut, Kentucky, Missouri and West Virginia. However, the insurance costs are the highest in the states of Louisiana, Michigan, and Georgia, where you would have to pay 10%, 12%, and 13%, respectively to insure your Honda CR-V.

Average Yearly Insurance Premium $1,300
Honda CR-V MSRP $27,500
Estimated Monthly Income to Afford a Honda CR-V Car including Insurance $510

Honda CR-V - Average Insurance Price by Segment

Male $1,590
Male Married $1,360
Female $950
Female Married $890
Teenage Boy $3,450
Teenage Girl $2,950

Honda CR-V Safety Features - 2013

Side airbags: front and rear head curtain airbags and front seat-mounted torso airbags Rollover sensor: designed to deploy the side curtain airbags in the event of an impending rollover Electronic stability control Antilock brakes Daytime running lights

Expensive States for Insuring Honda CR-V

RankStateAverage Insurance of Honda CR-VMSRPEstimated Monthly Income to Afford a Honda CR-V including Insurance Cost
1 Georgia $2,700 $25,900 $510
2 Michigan $2,300 $28,100 $540
3 Louisiana $2,000 $27,100 $520
4 Oklahoma $1,700 $27,100 $510
5 Kentucky $1,700 $27,700 $520
6 Connecticut $1,700 $29,800 $560
7 Pennsylvania $1,600 $27,100 $510
8 Missouri $1,600 $29,800 $560
9 West Virginia $1,500 $27,100 $510
10 Utah $1,500 $27,100 $510

Cheap States for Insuring Honda CR-V

RankStateAverage Insurance of Honda CR-VMSRPEstimated Monthly Income to Afford a Honda CR-V including Insurance Cost
1 Iowa $800 $27,100 $490
2 Maine $800 $27,100 $490
3 Indiana $900 $29,800 $540
4 North Carolina $900 $27,700 $510
5 Ohio $900 $27,100 $500
6 Colorado $1,000 $27,100 $500
7 Illinois $1,000 $29,800 $550
8 South Carolina $1,000 $28,500 $520
9 Virginia $1,000 $27,700 $510
10 Washington $1,000 $28,200 $520

Honda CR-V - Remaining States under Study

RankStateAverage Insurance of Honda CR-VMSRPEstimated Monthly Income to Afford of Honda CR-V including Insurance Cost
1 Idaho $1,100 $32,800 $600
2 Kansas $1,100 $27,100 $500
3 Mississippi $1,100 $26,200 $480
4 North Dakota $1,100 $25,000 $460
5 New Hampshire $1,100 $27,100 $500
6 New Mexico $1,100 $27,100 $500
7 New York $1,100 $27,100 $500
8 Vermont $1,100 $27,100 $500
9 Wisconsin $1,100 $27,600 $510
10 Wyoming $1,100 $29,800 $550
11 Alaska $1,200 $28,500 $530
12 Arizona $1,200 $25,000 $460
13 Florida $1,200 $24,400 $450
14 Hawaii $1,200 $29,000 $540
15 Oregon $1,200 $28,500 $530
16 Texas $1,200 $25,900 $480
17 Alabama $1,300 $25,900 $480
18 Delaware $1,300 $27,100 $500
19 Massachusetts $1,300 $27,100 $500
20 Minnesota $1,300 $27,100 $500
21 Nebraska $1,300 $27,100 $500
22 Nevada $1,300 $25,900 $480
23 Maryland $1,400 $29,600 $550
24 New Jersey $1,400 $27,100 $510
25 Rhode Island $1,400 $26,900 $500
26 Tennessee $1,400 $28,500 $530
27 Arkansas $1,500 $27,100 $510
28 California $1,500 $25,900 $490
29 Montana $1,500 $27,100 $510

Honda CR-V Models Comparison

Model Style Cylinders MSRP Average Premium of Honda CR-V models Est. Monthly Income to Afford a Honda CR-V including Insurance Cost
CR-V EX 4 Door 2WD 2.4L 4 cyl. $27,500 $1,250 $510
CR-V EX 4 Door 4WD 2.4L 4 cyl. $27,500 $1,270 $510
CR-V EX-L 4 Door 2WD 2.4L 4 cyl. $27,500 $1,360 $510
CR-V EX-L 4 Door 4WD 2.4L 4 cyl. $27,500 $1,370 $510

Honda CR-V vs Small SUV Insurance Comparision