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.
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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
- Good safety ratings
- Some models are targeted by car thieves
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.
Frequently asked questions about Honda car insurance
More guides on Finder
Honda Accord insurance rates
The average Honda Accord car insurance cost is $249 a month, or $2,988 a year. Compare different insurance providers to find the best price.
How much does Honda CR-V insurance cost?
The average Honda CR-V car insurance cost is $190 a month, or $2,280 per year. Learn how to compare different insurance providers to find the best price.
How much does Honda Civic insurance cost?
The average Honda Civic car insurance can cost up to $265 a month or $3,180 a year. Learn about which factors affect this average and how to compare insurance quotes.
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