Honda insurance rates

Average Honda insurance cost in Canada

The average Honda car insurance cost is $243 a month, or $2,912 a year. The manufacturer’s vehicles are affordable and generally very safe, which keeps insurance premiums down. However, some Honda models are more likely to be targeted by car thieves, which tends to raise premiums.

Honda insurance rates by model

• How we got these rates

  To determine these estimated costs, we aggregated quotes from insurance companies using this profile:

  • Single, 35 year old female
  • Latest model vehicle
  • 20,000 km driven yearly
  • Perfect driving record
  • Equipped with winter tires
  • Driver located in Etobicoke, Ontario

  Our estimated price is for full insurance coverage, which usually includes mandatory liability coverage, comprehensive and collision coverage.

  Other factors that can affect your auto insurance rate

  • The model year
  • The vehicle’s trim
  • The amount of coverage you need
  • The estimated kilometres you drive in a year
  • The vehicle’s safety and anti-theft features
  • The driver’s credit score
  • The driver’s location
  • The driver’s age
  • The driver’s driving history in the past several years
  • The driver’s marital status
  • Your (or the driver’s) gender
  • Whether the driver rents, leases or owns the vehicle

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Product	Accident Forgiveness	Min. Liability Coverage	Discounts Available	Online Claims	Available Provinces
Surex Auto Insurance	Yes	$1,000,000	Up to 25%		Alberta, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, PEI, Yukon	Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor. Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.	Get a quoteMore info Compare	loading Fetching your data...
Aviva Car Insurance	Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex. Who it might be good for: Drivers looking to customize their auto policy.	Get a quoteMore info Compare	loading Fetching your data...
Travelers Car Insurance	Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex. Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.	Get a quoteMore info Compare	loading Fetching your data...

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How a vehicle from Honda affects the cost of insurance

Honda’s reputation for reliability helps keep insurance costs down. Their good safety ratings and relatively affordable price tag also works in your favor. Cars that aren’t costly to repair or replace attract lower insurance premiums. However, some models land on the top stolen vehicles list, which will increase the cost of insurance.

Unless you have a very old car model, you shouldn’t have any trouble securing insurance for your Honda.

Pros and cons of insuring a Honda

About the Honda brand

The Honda Motor Company was born quietly on Sept. 24, 1948. The newspapers didn’t trumpet the company’s founding day, as it was a newspaper holiday. Neither did they mention Honda the following day: News of the post-WWII peace process took precedence.

Today, you can find Honda’s vehicles everywhere. Honda is the seventh-largest auto manufacturer in the world, and several of its models — including the Accord, Civic and CR-V — are constant bestsellers.

What’s Honda Sensing?

Honda Sensing is a suite of safety and driver assistance technologies. Safety features include lane-keep assistance, adaptive cruise control, road departure mitigation, collision mitigation braking, lane departure warning and forward collision warning. The driver-assistance technology included in Honda Sensing can include lane watch, blind spot indication, cross traffic monitoring and auto high-beam headlights.

Bottom line on Honda insurance

Hondas are affordable to purchase and affordable to insure. However, some Honda models have a higher likelihood of being stolen, which negatively impacts your insurance premium. That’s why it’s important to shop around to find the best car insurance for your situation.

Compare Honda car insurance providers

Frequently asked questions about Honda car insurance

• Where are Hondas made?

  Hondas are built in Japan, Mexico and the US.

• Are Hondas reliable?

  Yes, Hondas continue to score well for dependability. That dependability often means lower insurance rates on Honda cars.

• What car-related factors affect the cost of insurance?

  A car’s safety record, the cost to repair and maintain the car and the car’s likelihood of being stolen all can affect the cost of car insurance.

Written by

Roslyn McKenna

Publisher

Roslyn McKenna Ayers is insurance manager at ValuePenguin and a former publisher at Finder, specializing in home and auto coverage. Her expertise and analysis has been featured on Bankrate, MSN and Reader's Digest. She holds a BA in writing and communications from Maryville College. See full bio