When it comes to insuring your Honda vehicle, there are a number of factors to consider that can impact the cost of your insurance premiums. Understanding these factors and how they affect your rates can help you make informed decisions when selecting an insurance provider. In this article, we will delve into the details of Honda insurance costs, the cheapest Honda models to insure, how to get a Honda car insurance quote, and other coverage options you may want to consider.
Honda Insurance Cost
According to data collected from Quadrant Information Services, the average cost to insure a 2021 Honda vehicle in 2024 is $2,395 per year or $200 per month. This is slightly lower than the national average of $2,681 per year. These averages are based on the profile of a 35-year-old married driver with a clean driving record and good credit. However, your rates may vary based on several factors such as your driving history, age, credit history, deductible, and the specific Honda model you own.
Cheapest Honda Cars To Insure
Our research suggests that the CR-V Hybrid is the cheapest Honda model to insure, with an average estimate of $2,223 per year or $185 per month among national providers. On the other hand, the Civic is a bit more expensive to insure, with an average estimate of $2,507 per year or $209 per month for the 2021 model.
Honda Car Insurance Quote
Getting quotes from multiple insurers is crucial in finding the most affordable coverage for your Honda. Many insurance companies offer easy-to-use tools on their websites that allow you to get quotes quickly. Some sites even allow you to compare quotes from multiple providers at once.
Other Car Insurance Coverage for a Honda
In addition to standard full-coverage insurance, there are several add-ons you may want to consider to enhance your coverage. These include roadside assistance, rental reimbursement, trip interruption coverage, mechanical breakdown insurance, guaranteed asset protection insurance, and new car replacement coverage. These options can provide additional protection for your Honda in various situations.
Honda Credit Requirements
If you are considering financing your Honda purchase through Honda Finance, it’s important to note that they typically require a credit score of 610 or better to issue a loan. While lower credit scores may still qualify for financing, they may face higher interest rates. Honda Finance offers loan terms of 24 to 72 months with APR as low as 0%, but be cautious of 0% APR deals as they may end up costing more in the long run.
Honda Auto Insurance: The Bottom Line
In general, the cost of Honda insurance is on par with the national average. Cheaper-to-insure models like the CR-V Hybrid may offer more affordable coverage, while models like the Civic may be slightly more expensive to insure. It’s recommended to get quotes from multiple providers to compare rates and find the best option for your needs.
Honda Insurance: Recommended Providers
Based on our research, USAA, Geico, and Auto-Owners Insurance tend to offer the lowest rates for most Honda models. However, it’s important to compare quotes from multiple providers to find the best coverage for your specific situation. State Farm is known for its customer experience, while Geico is a great option for budget-conscious drivers.
Honda Car Insurance: FAQ
- Why do Hondas cost more to insure? One of the main reasons Hondas may cost more to insure is their high theft rate.
- Does Honda have its own insurance? At this time, Honda does not offer its own insurance.
- Is insurance on a Honda Civic expensive? Insurance for a Honda Civic is slightly more expensive than average due to its high theft rate.
Our Methodology
Our ratings of the best car insurance companies are based on factors such as coverage options, cost and discounts, industry standing, customer experience, and availability. We conducted extensive research to provide objective and accurate information to help consumers make informed decisions when selecting an insurance provider.
In conclusion, insuring your Honda vehicle involves considering various factors that can impact your insurance rates. By understanding these factors, comparing quotes from multiple providers, and exploring additional coverage options, you can find the best insurance coverage for your Honda that meets your needs and budget.