There aren’t too many hybrid sports cars on the market, and that’s partly because the demand for them isn’t too high. Still, with a CR-Z, you will receive the reliability and good fuel economy associated with most Honda vehicles. In this guide, you’ll learn all you need to know about insuring this vehicle.
What insurance group does the Honda CR-Z fall under?
All cars you see on the road are given a specific insurance group that ranges from 1 (cheapest) to 50 (most expensive). This helps to determine what you’ll pay to insure it. Honda CR-Z models range from insurance group 16 to 20, meaning you’ll pay less than average to insure this vehicle.
The costs will vary between different Honda CR-Z models, due to the different factors related to the vehicle. As an example, a 30-year-old driver in an average postcode could pay around £646 for cover on a Honda CR-Z 1.5 IMA S Hybrid 3d in insurance group 16 or around £701 for a Honda CR-Z 1.5 IMA Sport-T Hybrid 3d that is in insurance group 20. This is a classic example of premium pricing when one car is in a higher insurance group.
These rates are based on the average cost of cover for cars in the insurance groups shown for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).
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Your address plays a key role when it comes to the cost of your insurance.
Below are some examples that highlight this, based on a 30-year-old living in three different locations. The quotes are for a Honda CR-Z 1.5 IMA Sport Hybrid 3d.
Expensive: £1,122 (London SE1)
Average: £659 (Newcastle NE1)
Cheap: £649.36 (Galashiels TD1)
These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).
Which factors affect my Honda CR-Z insurance rate?
Along with insurance group, there are other key factors that have an impact on your insurance premium costs:
Engine type and capacity. Cars with larger engines typically cost more to insure. However, in this scenario, it doesn’t apply as the Honda CR-Z models all have a 1.5-litre engine.
Driver location. Insurers use your address to calculate the level of risk that your car may be stolen or involved in an accident. For example, a 30-year-old in central London may pay £1,122 for insurance for a Honda CR-Z 1.5 IMA GT Hybrid 3d, while the same 30-year-old in Newcastle may only pay £659. This price difference is based on the fact that motorists in London are statistically more likely to make a claim than those in Newcastle.
Driver age. The youngest motorists are the most likely to make a claim, and that’s why they have to pay more for car insurance. Here is an example. The average 20-year-old driver in London may pay £3,988 for the Honda CR-Z 1.5 IMA GT Nav Hybrid 3d, while the average 40-year-old Londoner will only pay £1,007. This difference between 20-year-olds and 40-year-olds is pretty standard, regardless of the vehicle you are insuring.
Other factors that influence the cost of your insurance include the following:
The model and age of your car
Your marital status
Your car’s security and any extra anti-theft precautions
Car insurance may be a necessary legal requirement, but it doesn’t have to break the bank. There are some tricks you can try in order to lower the cost of your premium, and we’ve listed them below.
Limit your car usage (where possible). If you can reduce your annual mileage, you’ll often be able to receive a discount on your car insurance.
Pay annually instead of monthly. Pay for the whole year upfront, and you’ll avoid having to pay interest on monthly repayments.
Install additional safety precautions. The safer your car is, the less of a risk you’ll be considered by insurers. As such, by adding extra safety measures, you’re quite likely to lower your premium.
Shop around for the best deal. Although it might be time-consuming, it’s absolutely worth it to shop for the best deal using price comparison websites. You’ll usually find a deal better than the renewal quote offered by your existing provider.
Bottom line
There are a lot of great SUVs to choose from in the UK, but the Honda CR-Z is one of the best-value vehicles out there. You can expect to pay below the average rate to insure your car, and the tips in this guide will help you reduce your premiums even further.
Frequently asked questions
Depending on the model version, Honda CR-Zs can reach top speeds of 130mph.
This vehicle achieved a five-star rating in its Euro NCAP crash tests. It rated 93% for protecting adult occupants and 80% for protecting child occupants.
The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.
These are available at any Honda dealership, online or from a previous owner as a second-hand vehicle.
Honda CR-Z models all have a 1.5-litre engine.
You can compare the costs of insuring a Honda CR-Z using any price comparison websites.
This depends on your specific model of Honda CR-Z. You will find a Honda CR-Z in insurance groups ranging from 16 to 20, meaning it will cost less to insure than the average car.
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
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Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio
Danny's expertise
Danny has written 335 Finder guides across topics including:
Read our comprehensive guide and find out how much it may cost you to insure a Honda Civic and how to save on your car insurance premiums.
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