Honda CR-V Insurance

Honda CR-V is a luxury SUV and was one of the most expensive cars before its sale was discontinued in the Indian market. Since this discontinuation, Honda CR-V insurance has become extremely essential as the repair and maintenance costs have sharply risen due to the lack of availability of spare parts. The highly recommended comprehensive car insurance plan provides the important element of financial security to repair this marvellous Honda SUV in case of an accident. It also offers financial safeguard in case of a fire, theft or a calamity. The other insurance plan, called the Third Party, offers limited financial security and is mandatory under law.

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Honda CR-V Car Insurance Price with Variants

There are four distinct configurations for the Honda CR-V, each with its own insurance premium which you can look at in the table given below:

Honda CR-V Variants

Ex-Showroom Price*

 

Fuel Type

Estimated Third-party Premium**

 

2WD Petrol CVT

₹32.31 Lakh

Petrol

₹7,890

Special Edition 2WD Petrol CVT

₹34.29 Lakh

Petrol

₹7,890

2WD Diesel AT

₹35.79 Lakh

Diesel

₹7,890

AWD Diesel AT

₹38.21 Lakh

Diesel

₹7,890

 

*The ex-showroom prices are for Delhi and are subject to change basis the city.

 

**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your car insurance policy.

Looking for Honda CR-V Insurance? Your Search Ends Here

If you are in need of insurance for your Honda CR-V, these are the steps you can follow to buy it:

 

  1. Head over to the Finserv MARKETS website.

  2. Provide the necessary information about the vehicle’s registration number and your mobile number.

  3. Fill up the application form.

  4. Enter the car’s details.

  5. Select the insurance plan that you want to buy.

  6. Check the premium and pay it online.

  7. Simple! You will then receive your policy via email.

How to Renew Honda CR-V Car Insurance

Is your automobile insurance about to run out? It may be renewed in just 5 simple steps!

 

  1. Fill in your registration number as well as your phone number.

  2. Give specifics about your previous policy.

  3. Examine the renewal fee.

  4. Make an immediate online payment.

  5. Print a copy of your updated policy.

Read More: Car Insurance Renewal

Why Insure Your Honda CR-V

Honda CR-V was one of the most expensive cars in the market when it was actively sold by Honda in India. Since the car’s discontinuation, the repairs and maintenance costs have only gone up due to the lack of parts available. In case you get into an accident, you may have to spend anywhere between ₹1 lakh to ₹10 lakh or even more if the damage is extensive. However, a comprehensive car insurance plan can provide coverage for these expenses and keep your car protected against a number of things. Moreover, you need to have at least third-party insurance for your car to drive on Indian roads, as per the Motor Vehicles Act, 1988.

Types of Honda CR-V Car Insurance Plans

As mentioned above, according to the Motor Vehicles Act, you must have at least third-party insurance coverage for your vehicle. Failure to do so may result in a fine or, in the worst-case situation, incarceration. Finserv MARKETS additionally offers a comprehensive cover to supplement the third-party coverage. The differences between the two categories are as follows:

  • Third Party Insurance

A third-party insurance policy is a basic plan that protects third parties and their property from injuries and damages caused by your vehicle. This policy also covers basic personal accident coverage for the covered car's driver. It protects you from long-term disabilities as well as death when driving.

  • Comprehensive Car Insurance

A comprehensive automobile insurance policy is a level above a third-party car insurance policy. It covers both third-party and self-inflicted damages. This form of insurance not only ensures legal compliance but also offers additional financial security. Although the premium is slightly greater than that of a third-party plan, a comprehensive policy is recommended. This plan also covers losses caused by natural disasters and theft.

What’s Included in Your Honda CR-V Insurance Plan

A third-party insurance plan covers the cost of damages to the third party involved in an accident, including the cost of damage to the vehicle and injuries to the third party. Comprehensive insurance, on the other hand, also covers the cost of damages to your own vehicle as well as the medical treatment cost of your injuries.

What’s Not Included in Your Honda CR-V Insurance Plan

The exclusions under most car insurance plans are situations like normal wear and tear, consumables like oil or coolant, damage to the car due to drunk driving, providing incorrect details, expired insurance policy, etc.

Add-On Covers for Your Honda CR-V Car

You may buy add-on covers for your car insurance plan just like you can for any other sort of insurance. These are enhancements to the plan that broaden its coverage. Please keep in mind that add-on covers are only available for comprehensive auto insurance, not third-party coverage.

  • Accident Insurance for Individuals

This covers expenses in the event of the insured car's driver's accidental death, permanent incapacity, or physical injury.

  • Personal Baggage Insurance

This covers any loss or damage to your personal property.

  • Engine Shielding

This covers engine damage caused by lubricating oil leaks or water seepage, among other things.

  • Replacement Cover for Locks and Keys

This is a policy that covers the cost of replacing automobile keys that have been misplaced or left inside the vehicle.

  • Assistance on the Road

This coverage includes services such as flat tyre repair, urgent gasoline delivery, cab services, urgent car maintenance, and towing, among others.

  • Coverage for Consumables

After an accident, this covers the costs of repairing or replacing consumables such as engine oil, coolant, brake oil, and so on.

  • NCB Insurance Coverage

Even if you file two claims in a single policy year, you will be eligible for a No-Claim Bonus if you have this coverage.

  • Coverage for Zero Depreciation

This plan covers all car body repairs or replacements with no loss in the value of the car's external elements.

 

Read more: Add-on Covers in Car Insurance

Procedure for Filing an Insurance Claim for a Honda CR-V

Here is a list of important documents that you will need in order to make an insurance claim for your Honda CR-V:

 

  1. Car insurance policy papers

  2. FIR of the incident/accident

  3. Detailed information about the incident with eyewitness accounts

  4. Original RC papers of the vehicle

  5. Full set of bills and receipts (in case of reimbursement claim)

When making an insurance claim, there are two types, cashless and reimbursement claims:

  • Filing Cashless Claims

  • If you wish to make a cashless claim, register your claim and notify your insurance carrier by going to the website or contacting the toll-free number.

  • Have your vehicle repaired at one of the network garages.

  • Provide your insurer with the required documentation.

  • Your insurance company will directly settle your repair fees with the garage after verification is finished.

  • Filing Reimbursement Claims

  • Notify your insurance provider of the damage.

  • File an FIR and include these documents with your application if your car is stolen or damaged by a third party.

  • Repair your car at your own expense in your preferred garage.

  • Present your insurance company with all original bills and receipts.

  • Your reimbursement claim amount will be given to you once verification is completed.

Read more: Car Insurance Claim Process

Useful Tips to Reduce Your Car Insurance Premiums

There are several ways you can reduce the cost of your insurance premiums. Here are some useful tips that you can use:

  • Do Not Claim For Minor Damages

You should avoid making insurance claims for small damages and get them repaired at your own expense. Making too many claims in a policy term can lead to an increase in insurance costs.

  • Compare Car Insurance Online

Before you finalize an insurance plan for your CR-V, make sure you compare all available insurance plans available online. This will help you find the cheapest car plan that offers all the protection you need.

  • Choose Add-Ons Carefully

Selecting too many add-ons can dramatically increase the price of your insurance premiums. Only select the necessary insurance premiums you really need and skip the rest to save money.

  • Use Your NCB

If you have not made any insurance claims during your policy term, you can use your No Claim Bonus to get lower insurance premiums at the time of renewals.

Maintaining Your Honda CR-V

If you take good care of your Honda CR-V, you can save a lot of money on insurance costs and repair expenses in the long run. Here are some important tips to remember for maintaining your car:

  • Regularly Refill the Oils and Fluids on Time

There are various types of oils and fluids you need to keep replacing in your car at regular intervals such as engine oil, coolant, AC fluids, lubricants, etc.

  • Keep Your Car Regularly Serviced

It is a good idea to get your Honda CR-V professionally serviced at a garage so that your vehicle remains in the best shape. Regularly servicing will also increase the longevity of your vehicle.

  • Do Not Overload Your Car

Make sure you do not overload your Honda CR-V with passengers or vehicles as it can put too much stress on the car and cause damage to the internal components, or even accidents due to imbalance.

  • Take Care of the Engine Properly

The engine is the most important component of the car, so make sure you keep it running smoothly and do not put stress on it by driving rashly. Keep your engine clean and oiled so that it runs effortlessly.

About Honda CR-V

The fifth-generation Honda CR-V is significantly different from its predecessor. Honda CR-V models come in petrol, diesel and diesel AWD configurations. With the inclusion of new elements, the car’s exterior has been transformed in terms of size and other design alterations. The front has a big grille with prominent chrome slats. It is flanked by angular headlights with LED daytime running lights. The back end has also been updated, with L-shaped tail lamps and chrome embellishment. The CR-V comes in a variety of colours.

Honda CR-V Maintenance Cost

Although the car is not officially available in India anymore, it is a good idea to know about the service cost of the car if you choose to buy it second hand. Since the car has been discontinued, it is possible that you will have to pay for all the services out of pocket. The approximate Honda CR-V maintenance cost for 5 years is around ₹24,850. Here is the Honda CR-V service schedule:

Service 

Distance (kms) /Time (months) 

Free or Paid

Honda CR-V Maintenance Cost (approximate)

First

1000/1

Free

₹0

Second

10000/12

Free

₹1,410

Third

20000/24

Free

₹5,000

Fourth

30000/36

Paid

₹4,400

Fifth 

40000/48

Paid

₹9,500

Sixth

50000/60

Paid

₹4,400 

*These costs are approximate and actual costs may differ depending upon the garage’s prices and the condition of your car.

Honda CR-V Car Specifications

Before purchasing a Honda CR-V, you should familiarize yourself with the SUV's technical specifications and other important elements. This way, you'll be able to make an informed buying selection. Here's a quick review of some of the key technical specifications, including Honda CR-V ground clearance.

Particulars

Technical Specifications

Engine

  • Displacement - 1,997 cc (Petrol)

  • Power - 152 PS @ 6,500 RPM

  • Torque - 189 Nm @ 4,300 RPM

  • Cylinders - 4 

Transmission

9-Speed auto-box Transmission

Mileage

19 kmpl

Ground Clearance

185mm 

Turning Radius

5.2 meters

Fuel Tank Capacity

58 litres

Boot Space

589 litres

Brakes

Front - Ventilated Disc

Rear - Drum

Wheels and Tyres

Mid Variant - 225/65 R17 (Steel Wheels)

High & Premium Variants - 225/65 R17 (Alloy Wheels)

Seating Capacity

7

 Key Features of Honda CR-V

As a high-end SUV, the Honda CRV includes impressive features like climate control and anti-break locking. Here’s a detailed look: 

Power Steering

Anti Break Locking

Airbags

Automatic Climate Control

Power Windows 

Alloy Wheels 

Air Conditioner 

 Honda CR-V On-Road Price Across Major Cities

The Honda CR-V on-road price varies from city to city. However, since the CR-V has been officially discontinued, here's a quick look at the last recorded CR-V on-road price in a few of the country's most populous cities.

Cities

On-Road Price (2WD Petrol CVT)

Mumbai

₹28.89 Lakh

Delhi

₹28.42 Lakh

Bangalore

₹29.01 Lakh

Pune

₹28.50 Lakh

Chennai

₹28.34 Lakh

 Wrapping Up

The fundamental features and technical aspects of this popular Honda SUV are impressive, as mentioned above. The new Honda CR-V features not only fresh dimensions and style but also a new diesel engine and a seven-seat arrangement. The SUV outperforms its predecessor thanks to improved improvements on the inside. If this sounds like something you'd be interested in, the CR-V should be your next purchase. Remember to buy car insurance to ensure that your SUV is properly protected.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Honda CR-V

  • ✔️What is the ground clearance of the Honda CR-V?

    The CR-V has a ground clearance of 185 millimetres, which is extremely high.

  • ✔️What is the Honda CR-V mileage?

    The Honda CR-V has a mileage of 19 kmpl. 

  • ✔️How many colours are available for the Honda CR-V?

    Depending on the edition, Honda offers up to four different colour options for the CR-V.

  • ✔️Does the Honda CR-V have an automatic climate control system?

    All trim levels of the Honda CR-V come standard with automatic temperature control.

  • ✔️How many cylinders does the Honda CR-V have?

    The Honda CR-V is equipped with four cylinders.

  • ✔️Is the Honda CR-V equipped with power steering?

    Power steering is available on the Honda CR-V SUV. The steering wheel has a tilt adjustment mechanism, which improves overall comfort and enables driving the vehicle in congested Indian streets easier.

  • ✔️What is the Honda CR-V's weight?

    The Honda CR-V has a curb weight of 1666 kg.

  • ✔️How can I set the right IDV for my Honda CR-V?

    You can use any IDV calculator available online to set the right IDV for your car at the time of buying insurance. 

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