The Honda Civic is likely on your list if you’re shopping for a new car. It’s a popular choice for many reasons; it’s reliable, efficient, and stylish. However, there’s one downside that may not be immediately apparent: the cost of insurance. For some drivers, the monthly insurance premium for a Civic can be pretty high. So why is Honda Civic insurance so expensive? In this article, we’ll explore why Honda Civic insurance rates tend to be so high and offer some tips on how you can save money on your premium.
What Is the Average Cost of Honda Civic Insurance?
According to Cover.com, the average cost of Honda Civic insurance is $1,876 per year. That’s pretty expensive, especially when you compare it to the average cost of car insurance, which is $1,771 annually. Additionally, Coverhound reports the average annual insurance premium for various Honda Civic model years as follows:
- 2009 Honda Civic: $1,382
- 2010 Honda Civic: $1,390
- 2011 Honda Civic: $1,438
- 2012 Honda Civic: $1,472
- 2013 Honda Civic: $1,502
These figures are just averages, so your actual premium could be higher or lower depending on different factors. Let’s take a look at some of the things that can affect your Honda Civic insurance rates.
Factors That Affect Honda Civic Insurance Rates
There are many things that insurers consider when determining your rates. Some factors, like your driving record, are within your control. Others, like the Honda Civic’s theft rate, aren’t. Here are some of the things that can affect your Honda Civic insurance rates:
Damage Susceptibility
The likelihood of your car sustaining damage is a major factor in determining your insurance rates. If your vehicle is prone to damage, you can expect to pay higher premiums. Unfortunately, the Honda Civic is one of America’s most frequently stolen cars and is at high risk for damage.
The National Highway and Traffic Safety Administration (NHTSA) rates cars according to their susceptibility to damage. The Civic scores 109 on the NHTSA’s scale, which is slightly higher than the overall average score of 100. Consequently, you can expect to pay higher insurance rates if you own a Civic.
Theft Rate
The theft rate is the number of reported thefts per 100,000 insured vehicles. The lower the theft rate, the lower your insurance rates will be. That’s because cars with a high theft rate are more likely to be stolen, meaning insurers have to pay more in claims.
As the Honda Civic is one of the most popular cars on the road, it’s also one of the most frequently stolen vehicles. Parts from one Civic can easily be swapped into another, so they’re most often stolen to strip for parts rather than to sell. To offset the cost of thefts, insurance companies typically charge higher rates for drivers of the Civic.
Driver Age
Younger, less experienced drivers often drive small compact cars like the Honda Civic. And as you might expect, insurers charge higher rates for drivers in this age group. That’s because young drivers are more likely to be involved in an accident than older, more experienced drivers.
This is especially true for males, as they’re more likely to take risks behind the wheel. Male drivers under 25 have an accident rate nearly twice as high as female drivers in the same age group.
Model Year and Trim Level
The model year and trim level of your car are essential factors in determining your insurance rates. The newer and better equipped your vehicle is, the higher your rates will be. That’s because newer and more expensive cars are more costly to repair or replace if they’re damaged in an accident. They’re also more likely to be stolen, so insurance companies charge higher rates to cover the cost of replacing them.
The Honda Civic is available in a wide range of model years and trims, from the economy-minded LX to the high-end Type R. And as you might expect, insurance rates vary depending on the model you choose. In general, newer and more expensive models will cost more to insure than older and cheaper models.
Location
Your location can also affect your insurance rates. If you live in an urban area, you can expect to pay more for insurance than in a rural area. That’s because urban areas have more traffic, so there is a greater chance of being involved in an accident. In addition, urban areas also have a higher rate of car thefts. As a result, insurers charge higher rates to cover the cost of replacing stolen vehicles.
Therefore, your Honda Civic insurance rates will be higher depending on where you live. If you live in a high-traffic, urban area, you can expect to pay more for insurance than in a rural area.
Tips To Save on Honda Civic Insurance
Here are a few tips to help you save on your Honda Civic insurance:
- Install an anti-theft device: If you have an anti-theft gadget set up in your vehicle, you may qualify for a discount on your premium.
- Shop around: Don’t just go with the first insurer you find. Be sure to shop around and compare rates from different companies before deciding.
- Ask about discounts: Some insurers offer discounts for things like having a clean driving record or being a safe driver. Be sure to ask about any discounts that may be available to you.
- Choose a higher deductible: If you’re willing to pay more out of pocket in the event of an accident, you may be able to get a lower premium.
So, there you have it. Those are some of the factors that contribute to the high cost of Honda Civic insurance.
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.
