Get Cheap Honda Car Insurance Quotes
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About Honda car insurance
It’s become nearly cliché to associate Honda with reliability and affordability, yet if J.D. Power is to be believed, this assumption still largely holds true. And if that’s the case, then why even bother with insurance, right?
Well, reliable or not, no car will ever be impervious to damage or liability risks. There’s also the prospect of theft, as according to Équité Association (Équité), Honda seems to be one of the most desirable vehicle brands among thieves. In fact, CR-V, Civic and Accord have all appeared on Équité’s 2022 list of most stolen cars in Canada, with the CR-V topping the list. And speaking of crimes – it's illegal to drive without insurance in Canada anyway, so whether you want it or not, you need Honda car insurance.
You can purchase car insurance via one of the following:
- An insurance broker (someone who represents multiple insurance firms)
- An insurance agent (a representative of a single insurance firm)
- A direct writer (someone who sells their own auto insurance)
- A quote comparison website (a site like InsuranceHotline.ca, which lets you compare multiple insurance quotes at once, so you can secure the cheapest premium)
Honda Plus Gap and GAP Plus Protection
For extra protection, you can purchase something called ‘GAP’ insurance (also known as ‘Guaranteed Asset Protection’ or ‘Guaranteed Auto Protection’ insurance). Should you lose your vehicle entirely – due to a car crash or theft – GAP insurance will cover the difference between what your regular insurance pays and what you end up owing on your lease or loan. That way, you don’t have to pay for anything out of pocket. As you might’ve guessed, GAP insurance only comes into play if your insurer is unable to cover all the costs.
Honda refers to this coverage as Honda Plus Gap and GAP Plus Protection, which you can purchase from Honda directly. Note that in Quebec and Manitoba, this is considered ‘replacement insurance.’
Auto insurance for your Honda lease
If you’re planning to lease your Honda car instead of buying it, remember that you’ll still need car insurance – same as though you were buying it, or more importantly, financing it. When leasing your car, you’ll need to:
- Provide your leasing company with your full insurance policy, including endorsements and coverage limits (every year upon lease renewal)
- Purchase collision and comprehensive coverages (a requirement in most cases, but not all), even though they are not mandated by law
- Insure your leased car for the minimum of $1,000,000 for third-party liability coverage (even though, legally, only $200,000 is required in most provinces)
- Ensure that your deductible does not exceed the maximum of $1,000
Curious how much exactly your Honda car insurance may cost you? Check out the premiums for some of the most popular Honda vehicles below.
Average car insurance costs for Honda Civic
Out of all the Honda vehicles, Civic is arguably the most well-known – though you may be surprised to learn that, according to DesRosiders Automotive Consultants, the CR-V outsold it in 2022. At least, in Canada.
Many see the Civic as the true embodiment of Honda’s ‘cheap yet reliable’ approach to vehicles. But if we were to do a reality check – in terms of insurance anyway – would the Civic stand up to scrutiny? Check out our breakdown below:
Honda Civic car insurance by age
| Age | Annual premium |
|---|---|
| 18 | $4,626 |
| 19 | $3,971 |
| 20 | $3,171 |
| 21 | $2,401 |
| 22 | $2,352 |
| 23 | $2,225 |
| 24 | $2,142 |
| 25 | $1,918 |
| 26 | $1,911 |
| 27 | $1,841 |
| 28 | $1,777 |
| 29 | $1,754 |
| 30 | $1,717 |
| 40 | $1,201 |
| 50 | $968 |
| 60 | $910 |
DISCLAIMER: All our age data is based on a specific profile – that of a male driver in Toronto, Ontario, who has basic car insurance and a clean driving record and drives a 2023 Honda Civic 4DR, 20,000 km per year.
About the age data
Without a doubt, Civic has some of the highest auto insurance premiums among all recent Honda vehicles, especially for younger drivers. In fact, 18-year-olds have to put up with the annual rates of roughly $4,626 – $1,130 more than they would have to pay for a 2023 Honda CR-V. 60-year-olds, on the other hand, can enjoy annual premiums of about $910 – less than a quarter of what younger drivers have to pay, though still more than what they’d have pay for the CR-V. $233 more, to be precise.
The premium difference between the ages is not unusual, as young drivers are deemed riskier than their older counterparts, which leads to higher insurance rates. However, the difference between the premiums for the Civic and the CR-V is quite stark. This indicates that there are more claims filed for the Civic than the CR-V (or that these claims cost more to insurers).
According to the latest Insurance Bureau of Canada (IBC) data, 2020 Honda Civic 4DR’s index for the cost per vehicle for Direct Compensation Property Damage (DCPD) claims is 240, while 2020 Honda CR-V 2-WD's is 172. The lower the index, the cheaper the claims. This is a clear indication that Honda Civic’s claims are more expensive.
Honda Civic car insurance by model year
| Model year | Annual premium |
|---|---|
| 2013 | $3,827 |
| 2014 | $3,965 |
| 2015 | $3,988 |
| 2016 | $4,190 |
| 2017 | $4,296 |
| 2018 | $4,348 |
| 2019 | $4,435 |
| 2020 | $4,622 |
| 2021 | $4,593 |
| 2022 | $4,731 |
| 2023 | $4,626 |
DISCLAIMER: Our model year data is also based on a specific profile – that of an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record and drives a Honda Civic 4DR, 20,000 km per year.
About the model year data
You may have noticed that car insurance rates for newer Civic models are higher than for older ones. That’s because, according to the IBC data, newer cars score higher than older ones across all insurance coverages.
Here’s some data for contrast:
| 2013 Honda Civic 4DR | Collision: 77 | Comprehensive: 43 | DCPD: 104 |
|---|---|---|---|
| 2020 Honda Civic 4DR | Collision: 150 | Comprehensive: 150 | DCPD: 220 |
Note: The ratings are expressed in relative terms, with 100 representing the average in each category. The higher the number, the less favourable the rating.
Why do newer models score higher? Simple: they are worth more, and thus, tend to cost more to replace and repair. Newer cars are also more likely to be stolen due to being more desirable, which influences the premiums as well.
So, what’s the moral here? The Civic is not as cheap as it appears. So, be sure to compare it to other vehicles first – and factor in their insurance.
Average car insurance costs for Honda Accord
Accord is Civic’s slightly more prestigious, and therefore, more expensive sibling. But how much more does it cost in terms of insurance? Here’s our breakdown:
Honda Accord car insurance by age
| Age | Annual premium |
|---|---|
| 18 | $4,235 |
| 19 | $3,743 |
| 20 | $2,919 |
| 21 | $2,200 |
| 22 | $2,152 |
| 23 | $2,022 |
| 24 | $1,976 |
| 25 | $1,690 |
| 26 | $1,579 |
| 27 | $1,550 |
| 28 | $1,520 |
| 29 | $1,498 |
| 30 | $1,475 |
| 40 | $1,057 |
| 50 | $849 |
| 60 | $802 |
DISCLAIMER: All our age data is based on a specific profile – that of a male driver in Toronto, Ontario, who has basic car insurance and a clean driving record and drives a 2022 Honda Accord 4DR, 20,000 km per year.
About the age data
Younger drivers have to pay more than the older ones, as you can see. 18-year-olds, for instance, have to pay four times the amount that 60-year-olds have to pay, with the former paying as much as $4,235 per year on average and the latter as little as $802.
Though the annual premiums for Honda Accord aren’t as expensive as those for the Civic, they are still on the pricy side – especially compared to some of the other Honda vehicles, both old and new. Once again, this comes down to how many claims are made and how much they cost. The Accord seems to be a little less demanding in this area than the Civic.
Honda Accord car insurance by model year
| Model year | Annual premium |
|---|---|
| 2013 | $4,043 |
| 2014 | $4,151 |
| 2015 | $4,271 |
| 2016 | $4,131 |
| 2017 | $4,306 |
| 2018 | $4,014 |
| 2019 | $4,124 |
| 2020 | $4,133 |
| 2021 | $4,123 |
| 2022 | $4,235 |
| 2023 | $5,234 |
DISCLAIMER: Our model year data is also based on a specific profile – that of an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record and drives a Honda Accord 4DR, 20,000 km per year.
About the model year data
The insurance rates for newer Accord models are higher than for older ones. That’s because, according to the IBC, newer models score higher for insurance claims.
Here’s some data for contrast:
| 2013 Honda Accord 4DR | Collision: 82 | Comprehensive: 42 | DCPD: 113 |
|---|---|---|---|
| 2020 Honda Accord 4DR | Collision: 197 | Comprehensive: 368 | DCPD: 287 |
Note: The ratings are expressed in relative terms, with 100 representing the average in each category. The higher the number, the less favourable the rating.
The reason for this is the same as for the Civic: new cars cost more to replace than old ones. Overall, it’s probably still more expensive to own an Accord than a Civic, but the discrepancy may not actually be as high as some may think. So, you might want to compare the two more closely.
Average car insurance costs for Honda CR-V
2023 Honda CR-V seems to have the cheapest insurance out of all the most desirable Honda cars. For an SUV, it’s also relatively affordable, with an MSRP in the range of $30,000 to $40,000, which is comparable to the Civic’s MSRP range (though the Civic is still slightly cheaper).
If you factor in insurance, you may find the CR-V to be cheaper than the Civic overall, which is likely why the CR-V has become such a bestseller in Canada. Either way, here’s our premium breakdown:
Honda CR-V car insurance by age
| Age | Annual premium |
|---|---|
| 18 | $3,496 |
| 19 | $3,245 |
| 20 | $2,414 |
| 21 | $1,822 |
| 22 | $1,782 |
| 23 | $1,671 |
| 24 | $1,632 |
| 25 | $1,424 |
| 26 | $1,420 |
| 27 | $1,380 |
| 28 | $1,371 |
| 29 | $1,362 |
| 30 | $1,350 |
| 40 | $1,074 |
| 50 | $716 |
| 60 | $677 |
DISCLAIMER: All our age data is based on a specific profile – that of a male driver in Toronto, Ontario, who has basic car insurance and a clean driving record and drives a 2023 Honda CR-V 2WD, 20,000 km per year.
About the age data
As is the case with most vehicles, older drivers get to enjoy lower premiums than their younger counterparts. In fact, 60-year-olds tend to pay at least three quarters less in annual premiums on average than 18-year-olds – at $677 and $3,496, respectively.
As expected, the claims filed for the CR-V are either lower in number or cheaper than for the Civic or the Accord. That said, no car can mitigate the risk of being a young driver, so your premiums will probably still be high, if you happen to be below 25 (but lower if you drive a Honda CR-V).
Honda CR-V car insurance by model year
| Model year | Annual premium |
|---|---|
| 2013 | $3,629 |
| 2014 | $3,650 |
| 2015 | $3,719 |
| 2016 | $3,758 |
| 2017 | $3,663 |
| 2018 | $3,688 |
| 2019 | $3,694 |
| 2020 | $3,696 |
| 2021 | $3,702 |
| 2022 | $3,766 |
| 2023 | $3,496 |
DISCLAIMER: Our model year data is also based on a specific profile – that of an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record and drives a Honda CR-V 2WD, 20,000 km per year.
About the model year data
Insurance premiums for Honda CR-V are similar across all model years, going up and down between $3,500 and $3,750. The ratings showcased on the IBC are equally consistent. Here’s an example for the latest model years available:
| 2018 Honda CR-V 2WD | Collision: 88 | Comprehensive: 101 | DCPD: 183 |
|---|---|---|---|
| 2019 Honda CR-V 2WD | Collision: 129 | Comprehensive: 91 | DCPD: 109 |
| 2020 Honda CR-V 2WD | Collision: 103 | Comprehensive: 204 | DCPD: 172 |
Note: The ratings are expressed in relative terms, with 100 representing the average in each category. The higher the number, the less favourable the rating.
These numbers imply that the cost of the claims filed remains consistent from model year to model year. This means that buying an older model isn’t necessarily guaranteed to save you money on insurance. So, when shopping around, be sure to include insurance premiums in your calculations, as this may sway your purchasing decision one way or another.
