Whether you drive a sporty Civic sedan, a utilitarian Ridgeline truck, or a family-friendly CR-V, it’s important to protect your Honda vehicle with the right car insurance. Review this guide to learn everything you need to know about auto insurance for your Honda vehicle, including the average cost and types of insurance to have.
How Much Does Honda Insurance Cost?
While the cost of insurance can vary, many Honda drivers can find affordable rates for their auto insurance. According to CarEdge.com, the average cost to insure a Honda vehicle is $1,659 per year. That’s about $566 cheaper than insurance for other popular vehicle brands. The average cost of an annual premium for a Honda vehicle can vary based on the model. Here’s a comparison of annual insurance premiums for popular Honda vehicles for good drivers with no recent accidents and strong credit ratings, according to CarEdge.com:
- Honda Accord: $1,638
- Honda Civic: $1,754
- Honda CR-V: $1,409
- Honda Odyssey: $1,635
- Honda Pilot: $1,566
- Honda Ridgeline: $1,467
Factors That Impact the Cost of Honda Insurance
There are many factors that can impact how much you pay for your Honda insurance. While some factors, such as your age, may be outside of your control, there are other factors you can work to improve to help you lower the cost of your annual premium. Here’s an explanation of some factors that can determine how much you pay for car insurance for your Honda vehicle:
Insurance companies typically take the age of a driver into account when setting car insurance rates. If you’re under 25 years old, you may pay more in car insurance for your Honda vehicle. Similarly, drivers over the age of 65 may also see their premiums increase. Insurance companies consider people in these age brackets to be more likely to get into an accident or injured in a collision.
It’s common for insurance companies to use your credit history to determine your annual premium. If you have a high credit score, you may pay less each year to insure your Honda vehicle. A few states prohibit insurance companies from using your credit score to set your insurance rates. If you live in those states, you won’t pay more if you’re working to rebuild or improve your credit.
The Honda model you choose to drive can impact the cost of your insurance. A more expensive Honda vehicle typically costs more to insure than a less expensive Honda model. In addition, the features of your vehicle, such as the body style and trim level, can affect your insurance premium. For example, a sporty two-door coupe may cost more to insure than a four-door sedan.
Cost of Repairs
When setting insurance rates, an auto insurance company may consider the potential cost of repairs to your Honda vehicle. Honda is an imported vehicle brand, so it can have higher repair costs compared with domestic vehicles. However, many Honda vehicles, such as the Civic, are so popular that dealerships and repair shops can find necessary parts and make repairs at an affordable price. Many Honda models are built right here in the United States, which can also reduce repair costs.
Many insurance companies consider a vehicle’s safety ratings when determining your annual premium. Luckily, many popular Honda vehicles have impressive safety ratings that can help you save money on your insurance costs. Honda vehicles like the Accord and Odyssey consistently earn top safety ratings from agencies, such as the Insurance Institute for Highway Safety.
Types of Insurance To Have on Your Honda
The types of insurance you need to have on your Honda can vary based on the state where you live. States set requirements for the types and amount of car insurance drivers must have on their vehicles. You may wish to purchase additional insurance to protect your financial investment. Here are some of the best types of car insurance to have on your Honda vehicle:
- Liability insurance: Nearly every state requires drivers to have liability insurance, which covers the cost of repairs, damages, and injuries to others if you’re at fault in an accident.
- Collision insurance: This type of auto insurance covers damages to your vehicle in an accident. If you lease or finance a Honda vehicle, the lien holder may require you to have this type of insurance.
- Comprehensive insurance: Similar to collision insurance, comprehensive insurance may be required if you lease or finance a Honda vehicle. This insurance covers damages to your vehicle caused by something other than an accident, such as theft or hail damage.
- Uninsured and underinsured motorist insurance: Some states require drivers to have either uninsured or underinsured motorist insurance. This type of insurance covers your medical bills and damages if an at-fault driver in an accident doesn’t have enough insurance to pay for the expenses.
- Personal injury protection: You may need this insurance if you live in a state that requires it. Personal injury protection insurance covers your medical bills if you or your passengers are injured in an accident, regardless of who’s at fault.
Ways To Save Money on Honda Insurance
Whether you’ve recently purchased a new Honda vehicle or have driven your Honda for many years, you may want to learn about ways you can pay less for your insurance premium. Here are some ways you can save money on your Honda insurance:
- Shop around: Ask for quotes from different insurers to help you compare prices. After you insure your vehicle, continue to get new quotes every one to two years to make sure you’re continuing to get a good deal on your Honda insurance.
- Ask about discounts: Many auto insurance companies offer discounts for Honda drivers who meet various criteria. For example, you may get a discount if you bundle your car and homeowners insurance with the same company.
- Install an anti-theft device: Many people drive Honda vehicles, so insurance companies may consider these vehicles more likely to be stolen, which can increase your insurance costs. You can often lower your annual premium by installing an anti-theft device in your Honda vehicle.
Now that you know more about the types and costs of insurance for your Honda vehicle. Your Honda is an investment, and you want to make sure you protect your vehicle with quality insurance. Use this information and tips to help you save money while fully insuring your Honda vehicle so you can feel confident behind the wheel.
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.