Accord or CR-V: Which Honda Is Less Expensive to Insure?

The popular Accord and CR-V are two of Honda’s most popular models, and it’s not hard to determine why. Both vehicles set the standard in their respective segments for commendable practicality, dynamics, and value. They don’t vary greatly in price, but how much does each cost to insure? And does the Accord or CR-V offer lower premiums? For answers to those questions, we’ve partnered with Insure.com.

Insure.com has crunched the numbers to figure out how much 2021 model year cars cost to insure. Nearly 3,000 models were researched in the study; average rates were determined using data from six large insurance carriers in 10 zip codes per state. Learn more about the hypothetical driver and their coverage in this story on the most expensive vehicles to insure for 2021.

If you’re interested in comparing average insurance costs for the Accord and CR-V, keep reading to see how the two long-running Hondas match up.

Accord LX vs. CR-V LX Insurance Costs

Entry into both model lines begins at the LX trim level. The Accord LX and CR-V LX are equipped with similar engines and 1.5-liter turbocharged I-4s, but the CR-V’s is rated at slightly less horsepower—190 hp versus the Accord’s 192 hp. Each comes standard with a CVT and FWD, but only the CR-V has available AWD. The Accord is longer and wider than the CR-V, but the SUV beats the sedan in headroom, front legroom, and of course cargo space. The CR-V is also heavier than the Accord, yet both are relatively entertaining to drive for spacious family cars. For the 2022 model year, the Accord lineup carries over mostly unchanged except for the addition of a new Sport trim for the hybrid. The 2022 CR-V is unchanged compared to the previous model year.

Although the Accord LX has a lower sticker price than the CR-V LX, it’s on average more expensive to insure. Insure.com reports an annual premium for the Accord LX to be $1,501 while the CR-V LX average is just $1,285 for the FWD and $1,303 for the AWD. So if you were comparing an Accord LX to a CR-V LX FWD, going for the SUV could mean a savings in insurance costs of more than $1,000 over the course of five years.

In terms of safety, the NHTSA awarded both the 2021 Accord and 2021 CR-V five-star ratings overall, the  highest possible score. The Accord is also an IIHS 2021 Top Safety Pick+; the CR-V earned only a 2021 Top Safety Pick (no +) because of Marginal scores for visibility and glare issues with headlights on its LX, EX, and EX-L trims. As part of the Honda Sensing suite of safety features, both vehicles include automatic emergency braking, lane centering, adaptive cruise control, and automatic high-beams on every trim.

The Accord LX distances itself from the CR-V LX with features like a security system, Apple CarPlay and Android Auto compatibility, and push-button start. The Accord LX is furnished with a dual-zone climate control system the CR-V doesn’t have at this grade, seat belt reminders for all seats instead of only the first row like the CR-V LX, and an 8.0-inch touchscreen instead of the CR-V LX’s non-touchscreen 5.0-inch LCD. Despite these feature differences, the Accord is cheaper than the CR-V, starting at around $26,000. The CR-V LX is about $500 more, or $2,000 more for an AWD model.

Cheaper to insure: 2021 Honda CR-V LX in FWD form

Accord Sport vs. CR-V EX Insurance Costs

The trim levels don’t match in name, but the Accord Sport and CR-V EX each fall above LX and below EX-L in their respective model lines. Both pack more features, such as LED foglights, a 12-way power adjustable driver’s seat, and more USB ports for a total of four.

Here again the Accord Sport is the cheaper car, but not when it comes to insurance. The average annual premium for the CR-V EX FWD is $1,310, and the average for the CR-V EX AWD is a buck less at $1,309. Both are hundreds less than the Accord Sport’s $1,571 average.

The CR-V EX plays catchup to the Accord’s LX base trim in receiving features like a security system, 7.0-inch touchscreen, push-button start, and dual-zone climate control. It picks up Apple CarPlay and Android Auto compatibility and two more speakers for a total of six, but at this level Honda is doubling the Accord Sport’s speaker allotment to eight. What the CR-V EX gets that the Accord Sport doesn’t are standard features like remote start, hands-free keyless entry with automatic walkaway locking feature, a moonroof, and heated front seats.

Cheaper to insure: 2021 Honda CR-V EX in AWD form

Accord EX-L vs. CR-V EX-L Insurance Costs

At the EX-L level, the Accord and CR-V each get another active safety bump with the addition of blind-spot monitoring and rear cross-traffic alert. Both also receive auto-dimming rearview mirrors.

Although the Accord EX-L’s price just above $32,000 splits the difference between the FWD and AWD CR-V EX-L models, the sedan is still the most expensive to insure of the three. The average premium for the Accord EX-L is $1,587, whereas the average for the CR-V EX-L FWD is $1,317. Go for the AWD model, and that average insurance premium rises a bit to $1,338.

The Accord EX-L adds standard keyless entry with automatic lock feature, remote start, a moonroof, wireless device charging, and two more speakers for 10 total. The CR-V EX-L picks up features like a power liftgate, four-way power adjustable front passenger seat, leather-trimmed interior, and increases speaker count from six to eight.

Cheaper to insure: 2021 Honda CR-V EX-L in FWD form

Touring Trim Level: Accord Touring vs. CR-V Touring

The Touring grade is the most premium version of the Accord and CR-V. On the Accord, selecting the Touring trim on a non-hybrid model means switching to the higher-performance 2.0-liter turbocharged I-4 and 10-speed auto that’s also available on the Accord Sport. The higher-trim sedan adds an adaptive suspension and parking sensors, too. Inside, the Accord Touring’s cabin is supplemented with a head-up display, ventilated front seats, and heated rear outboard seats to go with the heated fronts. In Touring trim, the Accord stickers for $37,895.

The CR-V Touring adds a hands-free power liftgate, automatic headlights, and wireless device charging. It picks up one more speaker for its sound system, going from eight to nine. The FWD CR-V Touring is priced at $34,825, and the AWD CR-V Touring stickers for $36,325.

Like the CR-V EX, the CR-V Touring AWD is on average cheaper to insure than the CR-V Touring FWD. The national average for the CR-V Touring AWD is $1,343, and for the CR-V Touring FWD it’s $1,357. Neither exceeds the average premium for the Accord Touring, however, which is $1,654. The Accord may be more to buy and insure at the Touring trim level, but the sedan also has a more premium feel than the SUV. We’ll see if that changes once the CR-V benefits from a full redesign.

Cheaper to insure: 2021 Honda CR-V Touring in AWD form

Accord Hybrid vs. CR-V Hybrid Insurance Costs

Honda offers the Accord Hybrid in a base trim as well as in EX, EX-L and Touring, like the CR-V Hybrid. Both fuel-sipping models switch to a powertrain that delivers a total of 212 hp from a naturally aspirated 2.0-liter four-cylinder and two electric motors. Whereas the Accord is a FWD-only car, all 2021 CR-V Hybrids come standard with AWD.

Except for the Accord Hybrid’s unique base trim, the sedan otherwise hangs within about $500 of the slightly pricier CR-V Hybrid, with prices topping out just below $38,000. Even for hybrid models, the pattern persists—CR-Vs are cheaper to insure. Insure.com pins national average premiums for the CR-V Hybrid EX at $1,404, CR-V Hybrid EX-L at $1,428, and CR-V Hybrid Touring at $1,478. When averaging every Accord Hybrid trim, the premium comes to $1,571.

The CR-V Hybrid’s insurance costs may be higher than non-hybrid trims, but it won’t take long to recoup some of those costs in fuel savings.

Cheaper to insure: 2021 Honda CR-V Hybrid

Accord or CR-V: Which Costs More to Insure?

Trim for trim the Honda CR-V may generally cost more up front than the Accord, but it’s less expensive to insure. As you’d expect, average premiums increase for both the Accord and CR-V as more features are added and sticker prices grow. What you might not expect is for the hybridized CR-V to have the highest insurance costs of the line; the same isn’t true with the Accord.

The compact CR-V has fewer bells and whistles from grade to grade, and we suspect having AWD capability helps in keeping average premiums lower for the Honda SUV, too, considering how equally matched these two are when it comes to safety ratings. Ultimately, we encourage shopping around for the best deal on insurance coverage, just as you would for the price of a new car. Getting quotes from a few insurance companies might reveal savings that could make the difference between getting the CR-V or Accord in the trim you want and having to pass it up.

Source: Read Full Article