Honda Insurance: Companies, Costs & Coverage (2022) – MarketWatch

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Since Honda is one of the world’s largest automakers, the company’s vehicles are also among the most widely insured. We at the Home Media reviews team analyzed Honda insurance cost data for six of the company’s most popular models to help you know what to expect. We also compared rate estimates from the country’s best car insurance companies so you can find the right coverage for your Honda.
The average cost to insure a 2022 Honda vehicle is $1,869 per year or $156 per month. This is about 8% more expensive than the national average of $1,730 per year. These averages are based on the profile of a 35-year-old married driver with a clean driving record and good credit.
You can expect your rates to vary. Car insurance premiums take a number of variables into account, including your driving history, age, credit history, deductible, Honda model and more.
Our research suggests that the HR-V is the cheapest Honda model to insure, with an average estimate of $1,680 per year or $140 per month among national providers. The Accord is typically Honda’s most expensive vehicle to cover, with an average estimate of $2,078 per year or $173 per month for the 2022 model.
The table below contains the average monthly and annual car insurance rates for several of Honda’s most popular car models.
Getting quotes from several insurers is an important step in finding the cheapest coverage for your Honda. Most companies have easy-to-use tools on their websites that allow you to get quotes quickly. Some sites even allow you to compare car insurance quotes from multiple providers at once.
USAA tends to offer the cheapest Honda insurance, with an average estimate of $1,033 per year or $86 per month across the brand’s models. However, USAA is only available to military members and their families. Nationwide is the cheapest Honda insurance option for everyone else, with an average estimate of $1,269 per year or $106 per month.
Below, we compare the insurance carriers that provide the cheapest car insurance coverage on average for each Honda model.
The average estimate from national providers to insure a 2022 Honda Accord is $2,078 per year or $173 per month. USAA typically offers the lowest car insurance cost for the 2022 Accord at an average estimate of $1,133 per year or $94 per month.
Among national providers, the average cost of 2022 Honda Civic insurance is $1,950 per year, or $163 per month. USAA typically offers the cheapest rates for Civics, with an average estimate of $1,029 per year or $86 per month.
The average cost of auto insurance for a 2022 Honda CR-V is around $1,808 per year or $151 per month among national providers. According to our data, USAA typically offers the lowest rates on 2022 CR-V insurance with an average estimate of $980 per year or $81 per month.
Among national providers, the average cost to insure a 2022 Honda HR-V is $1,680 per year or $140 per month. USAA tends to offer the lowest rates on 2022 HR-V insurance with an average estimate of $1,032 per year, or $86 per month.
The average premium estimate for a 2022 Honda Odyssey is around $1,827 per year or $152 per month. USAA tends to offer the lowest rates for insurance on an Odyssey at an average estimate of $988 per year or $82 per month.
The average estimate for insurance on a 2022 Honda Pilot is around $1,870 per year, or $156 per month among national providers. USAA tends to offer the lowest premiums for Pilots, with an average estimate of $1,035 per year or $86 per month.
The rates in the tables above are for full-coverage insurance. This term refers to an insurance policy that combines bodily injury and property damage liability coverage with collision and comprehensive coverage
It may also include other state-required policies such as uninsured motorist coverage or personal injury protection (PIP), depending on where you live. The result is a policy that covers your Honda in almost every scenario — hence the term “full coverage.”
Many insurers offer policy add-ons to help cover other aspects of owning and driving a vehicle. These are some of the most common:
Honda is one of many automotive manufacturers that offers its own credit program for purchasing a vehicle. Generally, Honda Finance requires a credit score of 610 or better to issue a loan. This doesn’t mean you’ll automatically be denied at the dealership with a lower score, but your chances of getting financing will be reduced. You’ll likely face higher interest rates as well. 
Honda Finance offers loan terms of 24 to 72 months and annual percentage rates (APR) as low as 0%. Be aware, however, that 0% APR car deals can end up costing just as much if not more than standard financing options.
In general, the cost of Honda insurance is similar to the national average. That means it shouldn’t be hard to find relatively affordable coverage — especially on cheaper-to-insure models such as the CR-V and HR-V. Honda owners may have to spend a little more to insure their Accord or Civic.
We found that USAA, Geico and Auto-Owners Insurance tend to offer the lowest rates for most Honda models. But that doesn’t guarantee they’ll offer the lowest rates for your Honda. Our team recommends getting quotes from multiple providers to compare rates and find the best option for your needs. Checking with the following providers is a good way start your search:
In addition to its generally affordable rates, State Farm offers such a wide range of discounts that most drivers can find a few ways to save. State Farm is an especially attractive choice for young drivers, as it has special discounts and programs aimed at that age category.
Keep reading: State Farm insurance review
Geico is among the cheapest insurance providers for many Honda models. That’s not surprising, as the provider is typically one of the cheapest options for drivers in most categories nationwide. Geico’s DriveEasy program, which monitors your driving habits and adjusts your rates accordingly, may help safe drivers get even cheaper coverage.
Keep reading: Geico insurance review
Below are frequently asked questions about Honda insurance.
One of the main reasons Hondas tend to cost more to insure is their high theft rate. Hondas are among the more frequently stolen vehicles on the road, which insurers consider among other risk factors.
At this time, Honda does not have its own insurance. Some companies have started offering their own coverage through programs like Tesla Insurance.
Insurance for a Honda Civic is slightly more expensive than average. This is primarily because Civics have a high rate of theft, meaning they are stolen more frequently than other vehicles.
*Data accurate at time of publication.
**Average costs are based on rates from large and midsize insurance companies. Local insurers may offer lower average rates.
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