Honda CR-V v. Ford Escape Insurance Rates

Two long-running compact SUV models that compete with each other are the Ford Escape and the Honda CR-V. Both vehicles offer drivers a range of accessories and luxuries with good fuel economy.

The fuel consumption is a money-saving area that draws customers to compact SUV models while still offering much greater utility than a sedan and all-wheel-drive capability.

Yet another aspect that is often unnoticed in the benefits of these models is SUV insurance rates. When making a Honda CR-V vs. Ford Escape insurance rate comparison, prices tend to be fairly comparable with some exceptions.

Honda CR-V

Comparing CR-V and Escape Safety Ratings

When comparing Honda CR-V vs. Ford Escape insurance rates it is important to check the safety rating of each vehicle. Safety ratings are used in assessing insurance rates for vehicles.

According to “US News Reports”, the Honda CRV and the Ford Escape have safety ratings of 7.9 out of 10 for the Ford, and 8.1 for the Honda. Crash-test ratings are close and this small difference is barely noticeable when insurers rate policies for these vehicles.

Theft Rates

Another aspect insurance underwriters look at for policies is the incidence of theft for the vehicles. If a vehicle has a high rate of theft, policies tend to be higher, especially in geographic regions where auto theft has high rates of occurrence.

The Escape has a higher rate of theft than the CR-V, according to research conducted by the National Highway Traffic Safety Administration. This results in slightly higher rates for insurance policies on the Ford Escape.

The Ford Escape and the Honda CRV offer many modern safety features including front and passenger-side airbags, shatter-resistant glass, anti-lock brakes and for certain models, parking sensors and rear-backing cameras. These safety features can help lower insurance costs.

luxury suv insurance

Rates Vary Depending on the Driver and Where They Live

An important factor to consider when comparing insurance rates for the Ford Escape and the Honda CR-V is the driver’s record and place of residence. Companies base rates primarily on the driver risk of being in an accident, the vehicle’s value, and vehicle theft rates.

DUI convictions, too many tickets, at-fault accidents, or moving violations can result in much higher insurance rates, regardless of the safety features for the vehicle. If the auto is to be insured in geographic regions with high rates of auto theft, such as densely populated urban areas, rates increase.

Compare Rates and Save

The best way to compare SUV model insurance rates is to obtain quotes. You can do this for free and you’ll want to have all your vehicle info handy. Don’t forget to look at discounts such as having home and auto policies with the same company or other opportunities to save.

What’s been your experience with insuring an SUV? We want to hear from you. Let us know in the comments how rates have varied and what’s helped you to save.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.