Honda Car Insurance

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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on February 1, 2024

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated February 1, 2024

Visit author page

6 minute read

Article Contents

Car Insurance for Hondas

When considering insurance for your Honda, finding a policy that offers comprehensive coverage at the most competitive rate is crucial. Our service simplifies this process by providing a quick and easy way to compare insurance quotes from various providers tailored specifically for your Honda vehicle. With our efficient comparison tool, you can explore multiple options in just a few minutes, ensuring you get the best possible insurance coverage at the lowest rate.

Quick Facts about Honda Car Insurance

  • The average Honda car insurance premiums increased by 1.5% in 2023. The rates have been on the rise since 2021.
  • The Honda Ridgeline is the cheapest Honda model to insure.
  • The Honda Civic consistently ranks as one of Canada’s most popular cars, known for its affordability and convenience, leading in sales from 2014 to 2021.

How Can You Get Cheap Honda Car Insurance

Implementing the below strategies can help reduce the cost of insuring your Honda, making it more affordable while maintaining the necessary coverage.

Compare Rates Between Insurers

Insurance rates can differ significantly across providers. It’s essential to do thorough research to identify the insurer that offers the most suitable coverage for your specific needs.

Bundle Policies

Consider consolidating multiple insurance policies with the same provider. For instance, combining your Honda auto policy and home insurance with one carrier could lead to notable discounts.

Ask For A Higher Deductible

Choose to pay a higher deductible in the event of a claim. This approach can reduce your annual insurance premiums. However, ensure that the deductible amount is within your financial capacity.

Inquire About Discounts

Insurance companies often provide discounts to individuals affiliated with certain professional organizations or groups. It’s beneficial to ask about any available discount programs.

Drive Safely

Motor vehicle offences and accidents stay on your record for years. Unfortunately, any driving violation on your record will considerably increase your insurance rates. However, this also means you’ll get lower auto insurance rates if you have no offences on record.

Maintain a Clean Driving Record

Avoid at-fault accidents and driving offences. A clean driving record is important, as violations can significantly increase your insurance rates.

Consider Taking Usage-Based Insurance

Usage-based insurance (UBI) or pay-as-you-go insurance tracks your driving behaviour to determine how much you must pay for insurance. You can lower your insurance costs by tracking your driving habits, such as distance travelled and braking patterns.

Pay Annual Premiums

Paying your insurance premiums annually or semi-annually, rather than monthly, can often result in cost savings. Ask your insurers about half-year premiums if you can’t afford annual premiums.

Honda Car Insurance Rates Are on The Rise

In the past seven years, Honda vehicle insurance rates have consistently prevailed. There has been a slight overall increase in premiums since 2017. Although there was a minor reduction in 2021, the rates have generally trended upwards. Here’s an updated overview of the Honda insurance premiums in recent years:

Factors That Impact Honda Car Insurance Rates

When considering insurance for your Honda, it’s important to understand how certain factors related to the manufacturer can influence your premiums. Here are five key aspects directly linked to Honda that impact the cost of insurance:

High Theft Rate

Honda models, particularly the Civic and Accord, are frequently targeted for theft due to their parts. This trend results in these vehicles often facing higher insurance premiums compared to other models of similar type.


Honda’s design and features contribute to its vehicles’ durability and lower likelihood of breakdowns, positively impacting insurance costs over time.

Excellent Safety Ratings

Hondas are known for their strong safety performance in tests, consistently earning high safety ratings. This factor is instrumental in reducing insurance premiums.

Cost-Effective Repairs

Honda stands out for having some of the most affordable repair costs. The availability and affordability of parts make them less expensive to fix compared to many other vehicle brands.

Geographical Influence

The area where you live and drive your Honda significantly determines insurance costs. High theft and accident rates in your region can lead to increased premiums. Consequently, insurance estimates for the same Honda model can vary across different locations in Canada.

Honda Car Insurance Rates by Model & Year Make

When insuring your Honda, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Honda models from different years.

How Honda Car Insurance Costs Compare to Similar Vehicle Brands

When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including Honda, against each other. Insurance costs can significantly influence the decision-making process.

Based on internal customer quote data, our analysis places Honda’s insurance rates in a moderate range relative to other car brands. While Honda’s insurance costs are generally lower than those of luxury brands like Lexus, Audi, and Tesla, they tend to be slightly higher when compared to key competitors in the market. Here’s a brief comparison:

Car ModelAverage Annual Insurance Premium

A Brief History of Honda

Originally a motorbike manufacturer, Honda has transformed remarkably into a globally recognized car vehicle manufacturer. This Japanese-based company made a significant impact upon its entry into North America, gaining popularity through its commitment to quality and safety in vehicle production.

Honda’s journey began with the founding of the Honda Technical Research Institute in 1946, focusing on internal combustion engines, and later evolved into the Honda Motor Company in 1948. The company’s foray into the automotive sector was marked by the introduction of its first car model, the T360, in 1963. This pivotal moment set the stage for Honda’s future in creating lightweight, fuel-efficient vehicles.

The establishment of Honda Canada in 1969 marked the brand’s expansion into the North American market. Honda’s introduction of models like the Civic in 1973 and the Accord a few years later solidified its reputation for producing reliable and efficient vehicles. The company’s dedication to innovation led to the creation of Acura, a luxury vehicle division, further diversifying its portfolio.

One of the notable aspects of owning a Honda is the relatively lower cost of collision repairs compared to other car manufacturers. This affordability, combined with Honda’s continuous enhancement of safety features, ensures drivers and passengers enjoy a secure and comfortable ride. Despite Honda’s focus on safety, car insurance remains mandatory in Canada. This ensures drivers are protected on the road, complementing Honda’s commitment to safety and quality.

Honda’s evolution from a humble motorbike manufacturer to a leading car vehicle manufacturer is a testament to its dedication to quality, safety, and innovation, making it a trusted and popular choice among drivers worldwide.

Most Popular Honda Vehicles

The Honda Civic is currently considered to be one of the most popular cars in Canada having gained a reputation for being affordable and convenient, it’s held the rank as the top-selling car since 2014. That being said other notable Honda models are: 

  • Honda Accord
  • Honda CR-V
  • Honda Ridgeline

Finding excellent auto insurance for your Honda doesn’t need to be difficult, you can find the best deal available to you by using our comparison tool below.

Honda Insurance FAQs

How much does Honda insurance cost?

The average yearly premium for Honda car insurance is around $2,138. Certain models like the Civic and Accord often incur higher insurance rates as they frequently appear on the list of most stolen vehicles. Implementing additional anti-theft measures and equipping your car with theft-deterrent features can be effective in reducing your insurance premiums.

Why is Honda car insurance so high?

Honda’s popularity, especially models like the Civic and Accord, makes them targets for theft. This higher risk of theft leads to more frequent and expensive insurance claims, increasing the cost of insuring Honda vehicles.

Where can I get Honda insurance?

You can obtain insurance for your Honda from various providers. Use MyChoice to compare quotes online to ensure you get the best deal suited to your needs.

What are the most common insurance claims made for a Honda?

The type of claims typically depends on the model. Smaller models like the Civic have a higher frequency of personal injury and medical payment claims. Mid-sized models like the Honda Clarity PHEV often see more collision and comprehensive claims.

Used vs. new Hondas: which is cheaper to insure?

Generally, insuring a new Honda is more expensive than insuring a used one. This is due to the higher cost of replacing parts in newer models. However, insurance premiums are determined on a case-by-case basis.

What is the best car insurance for a Honda?

The ideal insurance policy for a Honda depends on the specific model and the owner’s circumstances. For newer or luxury models, more comprehensive coverage might be preferable. Basic third-party liability insurance is mandatory, but additional coverages like collision and comprehensive insurance can be beneficial.

Does a Honda lease include GAP insurance?

GAP insurance may or may not be included in your Honda lease agreement. It’s advisable to discuss this with your Honda dealer. Additionally, consider adding a waiver of depreciation to your policy to protect against value depreciation in case of a total loss.

How much does Honda Civic insurance cost in Ontario?

The cost of insuring a Honda Civic in Ontario can vary based on several factors, including the driver’s age, driving history, and the specific model year of the Civic. On average, premiums can range from around $1,500 to over $4,000 annually. The Civic generally has higher insurance rates than Honda models like the Accord or CR-V. This is attributed to its popularity and higher risk of theft.


1. Internal Data, Honda Car Insurance Rates, Car Insurance Quotes Collected, 2020-2023.

2. Internal Data, Honda Car Insurance Rates by Model & Year Make, Car Insurance Quotes Collected, 2020-2023.

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