The Honda WR-V was a popular sub-compact crossover sold in India from 2017 to April 2023, when it was discontinued due to BS6 Phase 2 emission norms. A large number of WR-V cars remain on Indian roads, and every one of them needs valid insurance. If you own a WR-V or are buying a used one, the legal requirement is unchanged — a third-party policy is the minimum, and a comprehensive plan with the right add-ons is still the smarter choice by a distance.
SMC Insurance helps you compare 30+ insurers, choose the right plan for your WR-V and get an instant policy in minutes —
with zero paperwork.
Third-Party Insurance (Mandatory) Third-party car
insurance is the minimum legal requirement under the Motor Vehicles Act, 1988, for every Honda WR-V on Indian roads.
It covers damage, injury, or death caused to a third party in an accident involving your car. It does not cover damage
to your own vehicle. While it carries the lowest premium, it leaves your WR-V
completely unprotected against accidents, theft, or natural calamities.
Comprehensive Insurance (Recommended) Comprehensive car insurance covers third-party liability as well as your own vehicle damage, making it the strongly recommended choice for all Honda WR-V owners. It protects against accidents, theft, fire, floods, earthquakes and other perils. Given that even Honda's most affordable WR-V variant was priced upwards of Rs. 9.11 Lakh ex-showroom at the time of discontinuation, comprehensive coverage ensures you are never left with a large out-of-pocket repair bill. Optional add-on riders are available for enhanced protection.
Standalone Own Damage (OD) Policy If you already hold a
valid third-party policy from another insurer, you can purchase a Standalone Own Damage policy separately to
cover repair costs for your Honda WR-V. Standalone OD policies became available following IRDAI regulatory changes,
giving car owners the flexibility to choose their own-damage insurer independently of their TP policy.
Honda WR-V Car Insurance Premium — Model-Wise Price Table
The insurance premium for your Honda WR-V depends on the variant, fuel type, IDV and the city of registration. The table below gives indicative premiums for the WR-V's actual India variants (last recorded prices at time of discontinuation, April 2023) for brand-new or near-new cars registered in
Zone A cities (Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad). For used WR-V cars, premiums will vary based on age and current IDV — use the quote tool for your exact price.
Car Model
Last Recorded Ex-Showroom Price
IDV (Approx.)
Zero Dep Add-on
Comprehensive Premium (Bundled)
Honda WR-V SV MT Petrol (1.2L)
Rs. 9.11 Lakh
Rs. 8.65 Lakh
Rs. 2,000 approx.
Rs. 17,000 onwards
Honda WR-V VX MT Petrol (1.2L)
Rs. 10.03 Lakh
Rs. 9.53 Lakh
Rs. 2,400 approx.
Rs. 19,000 onwards
Honda WR-V SV MT Diesel (1.5L)
Rs. 11.16 Lakh
Rs. 10.60 Lakh
Rs. 2,600 approx.
Rs. 21,000 onwards
Honda WR-V VX MT Diesel (1.5L)
Rs. 12.31 Lakh
Rs. 11.69 Lakh
Rs. 2,800 approx.
Rs. 23,000 onwards
Premiums are indicative estimates. The Honda WR-V was discontinued in April 2023; prices above reflect the last recorded ex-showroom prices in Delhi. For existing/used WR-V cars, actual premiums vary significantly by registration year, current IDV, city and insurer. Use the quote tool above for your exact price.
MoRTH-Notified Third-Party Premium Slabs for Honda WR-V
Third-party (TP) premiums for private cars are regulated and notified by the Ministry of Road Transport & Highways (MoRTH)
in consultation with IRDAI. The TP rates currently applicable for the Honda WR-V are:
Engine Capacity
Annual TP Premium
Up to 1000cc
Rs. 2,094
1000cc to 1500cc
Rs. 3,416
Above 1500cc
Rs. 7,897
Honda WR-V's 1199cc petrol engine falls in the 1000cc–1500cc slab — TP premium Rs. 3,416/year. The 1498cc diesel engine also falls in this slab at the same rate.
Important update (FY2025-26): These TP rates were last revised in 2021–22 and remain applicable as of 2025–26. MoRTH and IRDAI are in ongoing discussions about a possible upward revision of up to 10%.
Any revision will be notified prospectively in the Official Gazette. Honda WR-V owners renewing policies should check current rates at
morth.nic.in before renewal.
Honda Models by CC Slab (Currently on Sale):
CC Slab
Honda Models Currently Active in India
Up to 1000cc — Rs. 2,094 TP
None currently in Honda's active passenger car lineup
1000cc–1500cc — Rs. 3,416 TP
Honda City, Honda Amaze, Honda Elevate
Above 1500cc — Rs. 7,897 TP
Honda CR-V
How IDV Is Calculated for Honda WR-V
The Insured Declared Value (IDV) is the maximum amount your insurer will pay in case of total loss or theft of your Honda WR-V. IDV is calculated based on the ex-showroom
price minus depreciation, as per IRDAI-prescribed depreciation rates:
Car Age
Standard Depreciation
IDV Retained
Less than 6 months
5%
95%
6 months to 1 year
15%
85%
1 to 2 years
20%
80%
2 to 3 years
30%
70%
3 to 4 years
40%
60%
4 to 5 years
50%
50%
For cars older than 5 years, IDV is agreed upon mutually between the insurer and the policyholder. Since all Honda WR-V cars in India are from the 2017–2023 production run, most are now 2–8 years old — ensure you negotiate a fair and realistic IDV at renewal.
Always avoid choosing the lowest IDV to reduce premium — it leaves you under-insured in case of total loss.
Honda WR-V Car Insurance Premium by City
IRDAI classifies Indian cities into Zone A and
Zone B for motor insurance pricing. Zone A cities carry slightly higher premiums due to greater traffic density,
accident frequency and theft rates.
Zone A Cities: Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad
Zone B Cities: All other cities and towns in India
Estimated Premium for a 3-Year-Old Honda WR-V VX MT Petrol:
Zone
Estimated Comprehensive Premium
Zone A (e.g., Delhi, Mumbai)
Rs. 10,000 – Rs. 13,500
Zone B (e.g., Coimbatore, Jaipur)
Rs. 8,500 – Rs. 11,500
Premiums vary further based on insurer, IDV, NCB and add-ons selected.
No Claim Bonus (NCB) on Honda WR-V Car Insurance
If you haven't made any claim during a policy year, you earn a No Claim Bonus (NCB) - a discount applied to the own-damage (OD) portion of your premium at renewal.
NCB is one of the most valuable benefits for careful Honda WR-V owners.
Claim-Free Years
NCB Discount
1 year
20%
2 consecutive years
25%
3 consecutive years
35%
4 consecutive years
45%
5 consecutive years
50%
Key NCB Facts:
NCB belongs to the owner, not the car — it transfers when you change insurers.
NCB is lost if you make an own-damage claim during the policy year.
NCB does not transfer to a new owner if you sell your WR-V; the buyer starts fresh at 0%.
You can protect your accumulated NCB with an NCB Protect Add-on —
especially useful for high-NCB policyholders at the 45–50% level.
Add-on covers for Honda WR-V car insurance
Standard comprehensive insurance can be enhanced with optional add-on covers. The most useful ones for Honda WR-V owners are:
Zero Depreciation Cover (Zero Dep):
At the time of a claim, insurers normally deduct depreciation from parts (plastic, rubber, glass, metal). Zero Dep eliminates this deduction, so you receive the full repair or replacement cost without any depreciation cut. Strongly recommended for Honda WR-V cars under 5 years old; confirm eligibility with your insurer for older models. Visit SMC Insurance to learn more.
Engine protector cover
Covers damage to the engine and gearbox caused by water ingression, hydrostatic lock, or leakage of lubricating oil, which are events not covered under standard comprehensive policies. Particularly important for WR-V owners driving in flood-prone areas. Visit SMC Insurance to learn more.
Return to invoice (RTI) cover
In case of total loss (theft or beyond-economical-repair damage), RTI pays you the original invoice value of your Honda WR-V, not just the depreciated IDV. Most relevant for WR-V cars still within 3 years of purchase. Visit SMC Insurance to learn more.
Roadside assistance (RSA)
Provides 24x7 help if your WR-V breaks down anywhere, covering towing, battery jump-start, flat tyre assistance, emergency fuel delivery and more. Available from most insurers at a minimal additional premium. Visit SMC Insurance to learn more.
Key and lock replacement cover
Covers the cost of replacing lost or damaged car keys and locks, which is a practical and affordable add-on for urban WR-V owners. Visit SMC Insurance to learn more.
Tyre protection cover
Covers repair or replacement of damaged tyres and tubes due to
accidental damage, bulging, or burst — expenses not covered under standard comprehensive policies.
Consumables cover
Covers the cost of consumables like engine oil, coolant, nuts and bolts, grease and other items usually excluded from
standard claims. Useful for WR-V owners who want maximum claim settlement without deductions.
NCB protect
Allows you to make one own-damage claim in a policy year without losing your accumulated NCB. Highly recommended for WR-V policyholders with 35–50% NCB.
What Is Covered And Not Covered Under Honda WR-V Car Insurance
Covered (Inclusions)
Accidental damage to your Honda WR-V
Theft or total loss of the vehicle
Damage due to fire, explosion, or self-ignition
Damage due to natural calamities — floods, earthquakes, cyclones, storms
Man-made calamities — riots, strikes, terrorism
Third-party bodily injury or death
Third-party property damage
Personal accident cover for the owner-driver (compulsory — Rs. 15 lakh cover)
Transit damage (road, rail, air, inland waterway)
Not Covered (Exclusions)
Normal wear and tear of parts
Mechanical or electrical breakdown
Damage while driving without a valid licence
Damage while driving under the influence of alcohol or drugs
Damage due to war, nuclear risks, or radioactive contamination
Consequential losses
Claims arising from use of vehicle for hire/reward (unless commercial policy)
Depreciation on replaced parts (unless Zero Dep add-on is active)
How to Buy or Renew Honda WR-V Car Insurance Online at SMC
On the homepage, click the insurance category you want - "Car Insurance".
Step 3
Enter your registered vehicle number and click on "View Quotes".
Step 4
The upcoming prompts will ask you for your vehicle details like brand, model, fuel type, variant and respective RTO.
Step 5
Once given, you can check the policy start and end date, confirm NCB details and view quotes from various insurers.
Step 6
On submission, SMC will display a list of available plans or quotes from partner insurers. You can view plan details like coverage, benefits, inclusions/exclusions, add-ons (if available), insured declared value (for vehicles), etc.
Step 7
Compare the available options and consider things like third-party vs comprehensive, add-ons (e.g. zero-depreciation, roadside assistance) as per your needs.
Step 8
Once you select the plan you want, click the button labeled "Buy Now".
Step 9
Fill out your personal details as required (owner name, address, contact, driving licence/RTO info). Ensure all details are accurate.
Step 10
Make the payment via the online gateway. After payment confirmation you will receive your policy document electronically (through email or website account).
Step 11
Once everything is processed, your insurance policy becomes active. Keep a digital or printed copy of your policy or certificate for future reference.
Throughout the buying process, you have the option to contact the SMC Team for any kind of support you need.
Renewing Existing Insurance:
1.Enter your registration number above.
2.Your existing policy details are fetched automatically.
3.Review your current insurer's renewal quote.
4.Compare with other insurers for a better rate.
5.Apply your NCB discount and choose add-ons.
6.Pay and get instant renewal — no inspection required for timely renewal.
Why Buy Honda WR-V Car Insurance Through SMC?
30+ Insurers Compared: Get quotes from HDFC ERGO, Tata AIG, Bajaj General, ICICI Lombard, New India, SBI General and more in one place.
100% Online, Zero Paperwork: Buy or renew in under 2 minutes from your phone or laptop.
Dedicated Claim Support: SMC's in-house claims team assists you from intimation to settlement.
4.1/5 Google Rating: Verified customer reviews reflect our service quality.
Instant Policy Issuance: Policy document sent to your email and WhatsApp immediately on payment.
Summing Up
Choosing the right insurance for your Honda WR-V ensures that it stays protected on every journey. Whether you opt for a budget-friendly third-party policy to meet legal requirements or a comprehensive plan with the right add-ons to secure your WR-V's full value, SMC Insurance makes the process effortless. Compare quotes from over 30 leading insurers, leverage your No Claim Bonus and secure instant digital protection for your Honda WR-V today — with zero paperwork and complete peace of mind.
Disclaimer: The information provided on this platform is intended for general awareness and educational purposes. While every effort is made to ensure accuracy, some details may change with policy updates, regulatory revisions, or insurer-specific modifications. Readers should verify current terms and conditions directly with relevant insurers or through professional consultation before making any decision.
All views and analyses presented are based on publicly available data, internal research, and other sources considered reliable at the time of writing. These do not constitute professional advice, recommendations, or guarantees of any product's performance. Readers are encouraged to assess the information independently and seek qualified guidance suited to their individual requirements. Customers are advised to review official sales brochures, policy documents, and disclosures before proceeding with any purchase or commitment.
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Payal kaur Chandigarh, April 28, 2025
Smooth Process
I purchased my car insurance from SMC, and it has truly been worth it. When my car caused third-party damage, I simply shared the photos and videos with them. Thanks to Sachin, the customer executive, my insurer settled the claim within just a week. Really satisfied with the service!
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Yes, under the Motor Vehicles Act, 1988, every Honda WR-V on Indian roads must carry at least a valid third-party liability policy. Driving without insurance attracts a fine of up to Rs. 2,000 for the first offence and Rs. 4,000 for repeat violations. Given that the WR-V is an active crossover often driven on varied terrain, comprehensive coverage is strongly recommended over the legal minimum.
The legal minimum is a third-party (TP) policy. For WR-V cars originally purchased before April 2023, a 3-year bundled TP policy was mandatory at registration. For existing WR-V cars, annual TP renewal is now required. A TP-only policy, however, leaves your WR-V unprotected against its own damage, theft, fire, and natural calamities — comprehensive coverage is the right choice for this crossover's value and use case.
IDV equals the ex-showroom price of your Honda WR-V minus IRDAI-prescribed depreciation. Since all WR-V cars in India are from the 2017–2023 production run, most are now 3–8 years old and carry significant depreciation. For cars over 5 years old, IDV is mutually agreed between you and the insurer — always negotiate a realistic figure. Setting it too low might save a small premium today but leaves you significantly under-compensated in a total loss or theft claim.
Yes, NCB is fully transferable across insurers. You will need an NCB certificate or your previous renewal notice as proof. NCB belongs to the owner — not the car — so it also transfers if you sell your WR-V and buy a new vehicle. However, if you buy a used WR-V, the previous owner's NCB does not come with the car. After five consecutive claim-free years, NCB delivers a 50% discount on OD premium, making it a significant long-term benefit for careful Honda WR-V owners.
Yes, damage caused by floods, waterlogging, cyclones, and storms is covered under comprehensive policies. However, engine damage from hydrostatic lock — when water enters the engine during waterlogged driving — is typically excluded unless you add an Engine Protector rider. Although the WR-V has a higher ground clearance than sedans, Engine Protector cover is still recommended for owners in flood-prone cities like Chennai, Mumbai, and Bengaluru.
A lapse of more than 90 days requires a pre-acceptance inspection of your Honda WR-V before renewal is possible. You also forfeit all accumulated NCB — potentially losing years of claim-free driving discount. For lapses under 90 days, most insurers allow renewal without inspection. Always renew before the expiry date to avoid inspection delays, NCB loss, and the legal risk of driving an uninsured vehicle on public roads.
Standard comprehensive insurance deducts depreciation on replaced parts — often 25–50% on plastic bumpers, rubber components, and headlamps. Zero Depreciation (Zero Dep) add-on eliminates this deduction so you receive the full repair cost at claim time. Many insurers restrict Zero Dep to cars under 5 years old; confirm availability with your insurer. For WR-V cars still within the eligible age window, Zero Dep can meaningfully increase claim payouts and is highly recommended.
Every Honda WR-V insurance policy mandatorily includes a Compulsory Personal Accident (CPA) cover of Rs. 15 lakh for the owner-driver. This covers accidental death or permanent total disability while operating the WR-V. The CPA base premium is Rs. 750/year plus 18% GST, making the effective cost approximately Rs. 885/year, and is bundled into your policy. It can be waived only if you already hold a separate standalone personal accident policy of Rs. 15 lakh or more — or if you own multiple vehicles and have already paid for CPA cover on one of them. Optional co-passenger PA cover can be added as a rider.
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