About Honda insurance
Honda Canada has been a staple in the Canadian auto industry for decades. Founded in 1969 as a motorcycle and power equipment manufacturer, the Japanese company has developed into a leading automotive brand.
The company’s most recognizable model, the Honda Civic made its debut in 1973, with the Accord hitting the market only a few years later, in 1976. In 1988, the company opened its first Canadian manufacturing plant in Alliston, Ontario. In 1991, the one-millionth Honda vehicle was sold in Canada and the organization has grown by leaps since then, adding a variety of new vehicles to its line-up.
How much does Honda insurance cost?
Honda insurance costs fall in the mid-range. They aren’t the most expensive and they are not the cheapest. Based on quote data from our customers, the average premium for Honda car insurance (all brands) is $2,238 per year. Quotes are based on drivers with a G driver's licence, clean driving record, for standard coverage.
Some models, such as the Civic and Accord do have slightly higher rates because they are regularly on the most stolen cars list. Taking additional steps to prevent theft and adding theft prevention features can help keep your premiums down.
How Honda car insurance costs compare to other similar vehicle brands
It's common for people to want to compare Honda insurance rates with other similar brands they would consider driving. After all, the cost of insurance is a factor many people consider when choosing a vehicle.
Based on our internal customer quote data, Honda car insurance prices rank in the middle of the pack compared to other brands. They are less expensive than luxury brands such as Lexus, Audi, and Tesla.
However, Honda insurance is typically more expensive compared to their main competitors, including Toyota, Nissan, Hyundai, and Kia:
- Honda $2,238
- Nissan $2,190
- Toyota $2,190
- Hyundai $2,183
- Kia $2,100