Insuring a Honda

When it comes to customer loyalty, Honda is near the top of the list these days. People love their vehicles, and they tend to return to the automaker's offerings again and again. The cars, trucks and crossovers are prized for their affordability, safety, value, reliability and quality. Many of them have high resale values as well. In addition to that, these automobiles are usually packed full of cutting-edge features while still boasting reasonable price tags. If you're thinking about buying one, you're probably wondering how much you can expect to pay to protect it. The average annual cost to insure one is $1,378.68, which ranks it fifth on a list of 36 vehicles. Therefore, these vehicles are affordable to buy and cheap to cover. Learn more about why these vehicles are so affordable to protect below.

Model Statistics

CIVIC
CIVIC
What type of Coverage do Civic Owners Choose?
Model Legend
$1,068

Average Annual Cost to Insure

ACCORD
ACCORD
What type of Coverage do Accord Owners Choose?
Model Legend
$937

Average Annual Cost to Insure

CR-V
CR-V
What type of Coverage do Cr-v Owners Choose?
Model Legend
$918

Average Annual Cost to Insure

ODYSSEY
ODYSSEY
What type of Coverage do Odyssey Owners Choose?
Model Legend
$799

Average Annual Cost to Insure

PILOT
PILOT
What type of Coverage do Pilot Owners Choose?
Model Legend
$941

Average Annual Cost to Insure

FIT
FIT
What type of Coverage do Fit Owners Choose?
Model Legend
$894

Average Annual Cost to Insure

ELEMENT
ELEMENT
What type of Coverage do Element Owners Choose?
Model Legend
$780

Average Annual Cost to Insure

RIDGELINE
RIDGELINE
What type of Coverage do Ridgeline Owners Choose?
Model Legend
$301

Average Annual Cost to Insure

PRELUDE
PRELUDE
What type of Coverage do Prelude Owners Choose?
Model Legend
$800

Average Annual Cost to Insure

S2000
S2000
What type of Coverage do S2000 Owners Choose?
Model Legend
$585

Average Annual Cost to Insure

INSIGHT
INSIGHT
What type of Coverage do Insight Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

PASSPORT
PASSPORT
What type of Coverage do Passport Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

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Brief History

Honda was founded in Japan in 1948 by a man named Soichiro Honda. In the very beginning, however, the company was focused on manufacturing motorbikes. In fact, the company primarily produced motorbikes for many years. They were affordable options for the Japanese, who were slowly but surely recovering from Word War II. The first Honda vehicles didn't appear in Japan until the early 1960s, and they didn't show up in the U.S. until 1970. The 1973 debut of the Civic finally brought the brand to prominence in the U.S. The Accord, which debuted in 1976, cemented the automaker's position in the U.S. marketplace.

Theft Rates Impact Insurance Costs

As affordable as these vehicles are to cover, it's interesting to note that they have remarkably high theft rates. In most situations, high theft rates would translate into high premiums. The make's exceptional safety ratings and low price tags help to mitigate the high rate of theft, though. The 1995 Civic and the 1991 Accord are ranked one and two respectively on the National Insurance Crime Bureau's list of the ten most-stolen vehicles in the United States. This is probably the one drawback to owning one, and it is still a fairly minor one at that.

Top-Notch Safety Ratings Keep Rates Low

Honda vehicles are designed to be exceptionally safe. They are typically loaded with huge arrays of standard safety features. In government crash tests ad in tests by the Insurance Institute for Highway Safety, the Accord fared very well. It earned "Good" ratings from the IIHS and five-star ratings from the government. The CR-V generally fared pretty well too. Similarly, the Civic has earned great safety ratings from the IIHS and the government. These superior safety ratings help to keep costs down because insurers are less likely to have to pay out on claims.

Customer Statistics

Top 5 Insurance Companies

Coverage Type

  • Geico
    10%
  • State Farm
    8%
  • Progressive
    7%
  • Allstate
    7%
  • AAA
    2%

Male Vs. Female (percent)

Average Age (years)

52 Female
48 Male
39

Credit Score

Education

Important Factors

  • Price
    49%
  • Coverage options
    34%
  • Customer service
    13%
  • You don't care, you just need car insurance
    4%

Low MSRPs Make Them Affordable in Many Ways

You can easily find a model that has a reasonable MSRP. The CR-V, for example, has a starting MSRP of $22,295. Even if you opt for a higher trim level, you will pay a pretty low price. The Civic's starting MSRP of $15,805 makes it an especially affordable choice. Meanwhile, the Accord has a starting MSRP of $21,380, which is quite low when you consider all of the standard features that are included on the popular vehicle.

The average cost to protect the popular models is as follows:

  • CR-V - $1,245.00
  • Civic Sedan 4-Cylinder - $1,363.00
  • Accord Sedan 4-Cylinder - $1,322.00

Hondas For Sale

Are you looking to purchase a Honda vehicle and want to know how much it will cost to insure before the big purchase? Start by browsing our comprehensive vehicle inventory.

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