Honda is a renowned auto manufacturer with cars like the Honda Civic, the Honda CR-V, and the Honda Accord topping the list of the most reliable cars in the U.S. Whether you’re a Honda enthusiast or owner, understanding the cost and the process of insuring your Honda is as important as owning the car. In this article, we provide things you need to know about Honda auto insurance. We’ve sampled information from various sources to give you the right figures about costs.
How Much Does Honda Auto Insurance Cost?
The national average for full Honda auto insurance is $1,674 per year. However, the costs of insurance vary from state to state, depending on various factors, including your age and driving history. Also, the costs vary because of the model and the year of manufacture of your Honda vehicle. Because of these factors, your premiums may be lower or higher than the national average.
Top Insurance Companies for Honda
Different auto insurance companies calculate premiums using their unique risk calculators. Let’s explore the average costs of Honda auto insurance from various insurance companies. We compare the average costs for minimum and full coverage per year.
USAA ranks as the top auto insurance company for Honda models, as it’s not only cheap but provides good perks. However, this company only provides coverage for current and former military members and their families. Also, you can save up to 30% under their SafePilot program. USAA enables clients to save up to 10% when they bundle an auto policy with homeowners or renters insurance. The annual minimum coverage under USAA is $944 as compared to the national average of $1,463.
Geico offers cheap insurance rates for Honda drivers countrywide. Its minimum coverage policy costs an average of $480 per year, while its premium coverage costs $1,175 per year. Geico provides low rates for most Honda cars because of the safety and reliability of Hondas. The company also provides discounts on cars with good safety ratings.
With great customer satisfaction, State Farm is one reliable car insurance firm for your Honda. It provides average minimum coverage of $660 per year and full coverage of $1,235. The company offers very competitive rates for teen drivers and those with a DUI on their record. State Farm clients pay $1,267 a year for coverage, which is below the national average by $272.
Progressive lists the Honda CR-V as one of the cheapest cars to insure because of its high safety ratings. This reflects Progressive’s cheap rates for all Honda cars. With Progressive, it’s easy to secure Honda auto finance, especially if you have poor credit. However, Progressive’s premiums can be more expensive than State Farm or Geico. It costs an average of $1,910 per year to insure your car with Progressive.
Erie has become a popular choice for most car owners because of its affordability. It also provides additional perks like Erie Rate Lock, where premiums are kept the same from year to year unless you make changes. With Erie, it costs an average of $545 per year for minimum coverage and $1,771 per year for full coverage. Erie’s additional discounts on car insurance include diminishing deductible and first accident forgiveness.
Amica scores high in customer satisfaction and provides cheap policies for minimum and full coverage, especially when you’ve received a speeding ticket. Amica auto insurance costs an average of $444 for minimum coverage and $1,495 for full coverage. When you want auto coverage for your Honda, Amica provides great discounts if you’re a loyal customer.
Honda Car Insurance By Car Model
Car insurance companies determine the price of cars based on their value and the price of parts. Since most Honda sedans and crossovers are fairly priced cars, they attract competitive rates for insurance coverage. Hondas also come with outstanding safety features, making them cheaper to insure than other vehicles. Still, the cost of Honda auto insurance differs by model and year of manufacture.
Honda Accord Insurance Cost
Honda Accord comes with a hoard of safety and reliability features making it one of the top-selling sedans in the US. Boasting a 5-star rating at National Highway Traffic Safety Administration (NHTSA), the Honda Accord costs $1,234 per year on average to insure. You can pay higher or lower depending on your insurance company. USAA offers the cheapest rates, costing Honda Accord owners only $1,038 per year, a difference of $196 from the national average.
Honda Civic Insurance Cost
When it comes to Honda Civic’s insurance cost, rates vary depending on the company and demographic factors. With various trims to choose from, Honda Civic rates may vary slightly depending on the trim level. It won the IIHS Top Safety Pick and Pick+ in 2021, a crucial factor that makes it cheaper to insure than its counterparts like the Hyundai Elantra and Mazda3. The average insurance cost for Honda Civic is $1,741 for full coverage and $514 for minimum coverage. Rates differ from one auto insurer to another with USAA providing the cheapest coverage, followed by Amica, Geico, and Erie.
Honda Fit Insurance Cost
Ranked as among the cheapest cars to insure, the third-generation Honda Fit has a slew of safety features that makes its insurance costs affordable. The average insurance cost for Honda Fit is $1,141 per year. Honda Fit is a cheap car with low value and horsepower making it relatively affordable to insure. Geico provides the cheapest Honda Fit coverage, with USAA and Progressive offering great perks as well.
Honda CR-V Insurance Cost
Honda CR-V is another Honda with the prestigious IIHS safety badge. The average cost of insurance for the Honda CR-V is $1,352 per year, with Geico providing the cheapest minimum and full coverage rates for Honda CR-V. Progressive, Erie, and State Farm also provide competitive rates. Among other cars in its range like Toyota RAV4 and Subaru Forester, it’s the cheapest to insure because of its high reliability and safety ratings.
Honda Ridgeline Insurance Cost
Trucks are among the cheapest vehicles to insure, with a national average of $1,731 per year. Honda Ridgeline is a formidable truck with good safety ratings, costing an average of $1,618 per year to insure. You can expect to pay higher premiums for the latest models and higher trims.
Note that a cheaper car doesn’t guarantee lower insurance costs. Also, auto insurance costs differ depending on demographics and the insurance company. Undertake due diligence before purchasing a Honda auto insurance policy to ensure you get the cheapest and most accurate rates in the market.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.