Compare Canada’s cheapest Honda car insurance rates
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- Insuring your Honda vehicle in Canada
- How much is it to insure a Honda vehicle for a young driver?
- How much is it to insure a Honda for an experienced driver?
- Which Honda model is the cheapest to insure?
- How much can a traffic ticket or an accident raise your insurance?
- How to get cheaper car insurance for your Honda
- Should you buy or lease your Honda?
- Which Honda model is considered safest?
- Protecting your car with Honda Plus
Insuring your Honda vehicle in Canada
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 insuring your Honda vehicle should be cheap, right?
Reliable or not, there are other factors to consider, such as a driver's age, vehicle year and model as well as how desirable the vehicle is among thieves. In fact, Honda is one of the most stolen vehicle brands in Canada, with the CR-V and Civic both appearing on Équité’s 2023 list of most top 10 stolen cars in Canada. This means that, depending on which Honda vehicle you drive (based on model and year), your auto insurance premium could still be high.
Below, you'll find out how various factors could impact insurance premiums for your Honda vehicle.
How much is it to insure a Honda vehicle for a young driver
If you’ve recently started driving a Honda, you may have noticed that your insurance premiums are higher than you’d hoped. That's because insurance companies follow specific guidelines when calculating rates that encompass more than just your vehicle.
Aside from a driver's age, factors that play a role in determining your premium include:
Driver's risk level: Insurance providers prioritize risk when determining premiums, and younger drivers are statistically at a higher likelihood of being involved in accidents. This doesn’t mean every young driver is unsafe, but having less experience behind the wheel can impact reaction times or decision-making in high-pressure situations, whether they are driving a Honda or a Mercedes-Benz.
Technology and repair expenses: Honda vehicles are widely recognized for their advanced features, such as collision prevention systems and lane-keeping assistance. These systems boost safety, but they can also lead to higher repair costs if a replacement is needed after an accident.
Model-specific impacts: The type of Honda you drive plays a key role in how premiums are calculated. A sporty car like the Honda Civic Si is likely to carry higher insurance costs compared to a more practical vehicle like the Honda HR-V. Even though your personal driving habits might differ from the general assumptions, insurance companies base their calculations on trends associated with specific models.
Theft rates: Another factor insurers review is the theft rate for specific cars. For example, the Honda CR-V was the fourth most stolen vehicle in Canada in 2023. If theft of this model is common in your area, or if your community has a higher overall theft rate, these trends can lead to increased premiums.
Though there are aspects you can’t control, like your age or some model-specific risks, there are steps you can take to reduce your premiums.
Age | Insurance cost range |
|---|---|
18 | $10,860 - $14,885 |
19 | $8,978 - $11,988 |
20 | $8,426 - $10,272 |
21 | $7,415 - $8,090 |
22 | $6,346 - $7,212 |
23 | $5,883 - $6,684 |
24 | $5,503 - $6,480 |
25 | $4,790 - $5,472 |
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How much is it to insure a Honda vehicle for an experienced driver
Even for seasoned Honda drivers, insurance rates aren’t fixed. Several factors influence how much you pay, and while experience helps, other elements still play a role in determining your premium, such as:
Experience (and age): The longer you’ve been on the road, the better your chances of getting a lower rate. However, as drivers reach their senior years, insurance costs may slowly rise due to concerns about reaction time and accident risk.
Honda model: Insurance companies look closely at the specific Honda you drive. A Civic or Accord tends to have reasonable insurance rates due to their solid safety ratings and affordable repair costs. Larger SUVs, like the Pilot or Ridgeline, may also cost more to insure because of their size and repair expenses.
Driving record: A spotless record with no accidents or violations can significantly lower insurance costs. However, even experienced drivers can see rate hikes if they’ve had a recent ticket or an at-fault accident.
How often you drive: More time on the road means a greater chance of an accident. Daily commuters or those who take long trips regularly may see higher rates than someone who only uses their Honda occasionally.
Where you live: Insurance companies factor in your location when calculating premiums. If you live in a busy city with high accident rates or an area where car theft is common, your insurance will likely be more expensive. The Honda CR-V and Civic have historically been among the most stolen vehicles, which can lead to higher premiums in certain regions.
Safety and security features: Many newer Honda models, such as the CR-V and Odyssey, come equipped with advanced driver assistance features like collision mitigation braking and lane-keeping assist. These systems can reduce accident risk and may help lower your insurance costs.
While some factors are out of your hands, there are still ways to cut costs.
Age | Insurance cost range |
|---|---|
30 | $3,591 - $4,441 |
35 | $3,338 - $3,926 |
40 | $3,020 - $3,598 |
45 | $2,685 - $3,449 |
50 | $2,536 - $3,285 |
55 | $2,457 - $3,159 |
60 | $2,424 - $3,069 |
65 | $2,411 - $2,939 |
Methodology
The table above outlines the average cost of car insurance in Toronto for a female G-licensed policyholder driving a 2023 HONDA ACCORD EX 4DR. Using our rate calculator, we calculated average auto insurance premiums by age, assuming the driver has a clean driving record. All ranges and averages presented represent the three lowest quotes offered. The insurance policies used for comparison include $1,000,000 in coverage, along with a $1,000 deductible for both collision insurance and comprehensive insurance.
It’s important to note that these quoted rates are specific to this driver profile. You are more likely to find rates at the lower end of the provided range by comparing quotes from different providers and selecting the one that offers the best value for your needs.
Disclaimer
Auto insurance rates are influenced by a variety of factors, including (but not limited to) your postal code, driving history, the specific make and model of the vehicle, additional safety features, whether you attended driving school, and more. This means the premiums for individuals with different circumstances may vary significantly from the rates shown here. Always compare personalized quotes to ensure you're getting the best coverage at the best price.
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Which Honda model is the cheapest to insure?
The Honda HR-V stands out as one of the most cost-effective vehicles to insure. It’s an excellent option for anyone looking for a dependable, versatile truck that keeps expenses low not only with its competitive purchase price but also through affordable insurance rates.
Here’s an overview of what makes the HR-V a smart financial choice when it comes to coverage:
Safety features: The Honda HR-V is equipped with a range of impressive safety features like Honda Sensing® technology, which includes lane-keeping assist, collision mitigation braking and road departure mitigation. These advanced systems reduce the likelihood of accidents, making it a lower-risk vehicle for insurance companies.
Reliability: Honda has long been celebrated for producing dependable cars that hold up well over time, and the HR-V is no exception. Its strong reputation for reliability reassures insurers that it’s unlikely to suffer mechanical failures that could lead to accidents or claims, helping keep premiums low.
Repair costs and demand for parts: A major perk of driving a Honda is that parts are widely available, and repairs are generally straightforward for mechanics. The Honda HR-V doesn’t come with extravagant features or specialized equipment, which keeps repair costs reasonable. This usually means lower premiums.
Performance and risk levels: The HR-V isn’t built for high-speed racing or off-roading; it’s designed for practicality and efficiency. Its balanced performance offers solid handling and moderate power, making it a dependable companion for everyday driving. Lower risk on the road leads to lower premiums.
Driver profile and intended use: The HR-V tends to appeal to sensible drivers like families, young professionals and commuters. These groups are generally seen as lower risk by insurance companies because they’re less likely to engage in risky driving behavior.
Its intended use as a practical and reliable small SUV means it’s not associated with high-risk activities, keeping insurance costs firmly in the affordable category.
Vehicle | Insurance cost range |
|---|---|
Honda HR-V | $2,553 - $2,809 |
Honda Odyssey | $2,812 - $3,545 |
Honda CR-V | $2,752 - $3,586 |
Honda Passport | $2,762 - $3,251 |
Honda Ridgeline | $3,230 - $3,847 |
Honda Pilot | $3,384 - $4,124 |
Honda Civic | $3,741 - $4,027 |
Honda Accord | $3,827 - $4,094 |
Methodology
The table above presents insurance cost ranges for some of the most popular 2023 Honda models, calculated specifically for a Toronto-based, G-licensed, 35-year-old female driver. Using our rate calculator, we determined these costs by comparing the three cheapest quotes available for each model. This driver profile assumes a clean driving record and standard coverage, which includes $1,000,000 in liability coverage as well as a $1,000 deductible for both collision and comprehensive insurance.
By focusing on the most affordable quotes from various providers, the ranges provide a clear picture of what drivers with similar profiles can expect to pay. Selecting quotes from the lower end of the range can help you secure the best value for your insurance policy while still providing adequate coverage.
Disclaimer
Insurance premiums depend on many variables, such as your driving history, the vehicle's make and model, additional safety features, your postal code, and more. The rates shown here are specific to the outlined driver profile and may differ from costs for individuals with different circumstances or coverage needs. Always compare personalized quotes across providers to ensure you find the best rates and coverage tailored to your situation.
How much can a traffic ticket or accident raise your insurance?
Driving a Honda, like the Civic or CR-V, can mean affordable insurance rates, but traffic infractions or accidents might change that. For instance, a speeding ticket could make your insurer view you as a higher risk, causing your rates to creep up. Similarly, if you’re at fault in an accident, expect your premiums to rise further since damages and repairs can be costly, even for economical vehicles like a Honda.
Here are some of the possible changes you will see in insurance, based on a 35-year old female driving Honda Accord in Toronto:
Age | Major convictions | At-fault accidents | Insurance cost range |
|---|---|---|---|
30 | None | None | $3,591 - $4,441 |
None | 1 | $6,943 - $7,776 | |
1 | None | $7,576 - $8,578 | |
1 | 1 | $15,945 - $22,368 | |
35 | None | None | $3,338 - $3,926 |
None | 1 | $6,695 - $7,392 | |
1 | None | $7,297 - $8,076 | |
1 | 1 | $15,337 - $20,148 | |
40 | None | None | $3,020 - $3,598 |
None | 1 | $6,495 - $7,140 | |
1 | None | $5,328 - $7,776 | |
1 | 1 | $15,043 - $20,148 | |
45 | None | None | $2,685 - $3,449 |
None | 1 | $6,477 - $7,116 | |
1 | None | $4,671 - $7,740 | |
1 | 1 | $14,946 - $19,951 | |
50 | None | None | $2,536 - $3,285 |
None | 1 | $6,324 - $6,827 | |
1 | None | $9,239 - $14,706 | |
1 | 1 | $14,967 - $18,571 | |
55 | None | None | $2,457 - $3,159 |
None | 1 | $5,489 - $6,395 | |
1 | None | $4,226 - $6,576 | |
1 | 1 | $15,309 - $17,829 | |
60 | None | None | $2,424 - $3,069 |
None | 1 | $5,365 - $6,114 | |
1 | None | $4,156 - $6,468 | |
1 | 1 | $15,230 - $17,482 | |
65 | None | None | $2,411 - $2,939 |
None | 1 | $5,087 - $6,004 | |
1 | None | $4,129 - $6,132 | |
1 | 1 | $14,888 - $17,377 |
Methodology
The table provides a comparison of average car insurance premiums in Toronto for a female G-licensed driver operating a 2023 HONDA ACCORD EX 4DR. The analysis includes two driving profiles: one for drivers with clean records, meaning no major convictions or at-fault accidents, and another for drivers with one at-fault accident, one major conviction, or both. Using a rate calculator, we determined the average premiums across different age groups by selecting the three lowest quotes from leading insurance providers. The insurance coverage considered includes $1,000,000 in liability coverage and a $1,000 deductible for both collision and comprehensive insurance. For drivers with at-fault accidents or convictions, premiums were adjusted based on the additional risk weighted by insurers, leading to higher quotes for that group.
Disclaimer
It is important to note that the rates listed are specific to this driver and vehicle profile and may vary significantly based on individual circumstances. Factors such as postal code, claims history, specific vehicle features, and even completion of a recognized driving school course can influence premiums. To ensure the best value, it is essential to obtain personalized quotes from multiple providers, as rates and coverage offerings can differ substantially depending on how each insurer evaluates risk. Comparing quotes allows drivers to find the most suitable and cost-effective insurance for their unique needs.
How to get cheaper car insurance for your Honda
For Honda drivers, saving on insurance is all about using a mix of smart strategies. For example, bundling your policies, such as home and car insurance, is an easy way to snag some discounts. Or, you could earn savings by joining a telematics program that tracks things like smooth braking and safe speeds. Adding features like blind-spot monitoring to your Honda can also be a great idea for lowering rates.
Here are some ways you can get cheaper car insurance
Bundling policies
Bundling your auto and home insurance—or combining other policies like tenant or condo insurance—can significantly reduce your premiums. Insurance companies appreciate customer loyalty and often reward it with discounts. Savings can reach up to 20% or more. By taking advantage of this, you not only simplify your insurance management but also save a chunk of change.
Multi-vehicle discount
If your household has more than one car, insuring them under the same policy can lead to big savings. This is because insurers offer discounts (up to 15%) for placing multiple vehicles together under one account. It’s an easy win for families or households with multiple drivers, as it combines coverage while cutting costs.
Loyalty discounts
Insurance companies love loyal customers, and they often show it by reducing premiums for those who stick with them year after year. The longer you stay, the more you save—it can range from 5% after one year to as much as 10% for a decade of loyalty. If you’re happy with your insurer and their service, this discount is an excellent perk.
Higher deductibles
Choosing a higher deductible (the amount you pay out of pocket in a claim) can reduce your annual premiums by 5-10%. While the trade-off means you’d pay more in case of an accident, it’s a smart option for drivers who are confident in their safe-driving habits and want lower upfront costs.
Paying annually
Paying your entire premium in one annual payment instead of monthly installments can save you money by avoiding administrative or installment fees. While it requires a larger payment upfront, it’s a simple way to cut down on overall costs.
Telematics programs
Telematics are devices which can be added to you car or through a mobile app, which monitor your driving habits, such as speed, braking and mileage, rewarding safe drivers with lower premiums. They offer benefits like fairer rates for low-mileage drivers, personalized discounts and improved driving awareness. To maximize savings, you should focus on consistent safe driving, reduce high-risk night trips and choose a telematics program that best fits your needs.
Winter tires
Installing winter tires is not only smart for safely navigating Canada’s icy roads, but it can also reduce your premiums by 2%-5%. Some provinces, like Ontario, even require insurers to offer this discount. If you regularly switch to winter tires, make sure your insurer knows about it.
Anti-theft devices
Vehicles with anti-theft systems, like alarms or tracking devices, are less likely to be stolen, and insurers recognize this by offering discounts up to 15%. If your car doesn’t come with built-in anti-theft features, consider installing an aftermarket system to take advantage of this savings opportunity.
Should you buy or lease your Honda?
When deciding whether to buy or lease a Honda, it’s essential to weigh your driving habits, lifestyle and financial goals. Honda’s lineup offers something for everyone—from the reliable Accord and the versatile CR-V to the rugged Ridgeline truck. Leasing may be a great option for drivers who want access to Honda’s latest technology and safety features with lower monthly payments. However, if you’re looking for long-term value or planning to put a lot of miles on your vehicle, buying a Honda could be the smarter move.
Here's a list of advantages and disadvantages to help you make the right call:
Leasing
Advantages:
- Access to the latest technology: Leasing lets you drive a newer Honda model every few years. For example, if a new feature or update comes out, you can switch to a newer car at the end of your lease without having to sell or trade in your current one.
- Lower monthly costs: When you lease a Honda, the monthly payments are often lower compared to buying. This is because you’re only paying for the car’s depreciation during the lease term, not the full value of the vehicle.
- Honda Lease Guard: Honda has a plan that helps cover extra costs you might face when returning a leased Honda vehicle. For example, it can waive up to $7,500 in fees for things like dents, paint chips, worn tires or stained upholstery. It also helps with missing parts, covering up to $150 per item
- Less commitment: Leasing gives you the flexibility to change cars more often. Once your lease term ends, you can decide to lease a different Honda, buy a vehicle, or explore other options.
Disadvantages:
- Mileage limits: Leasing agreements often include mileage restrictions. If you frequently drive long distances, exceeding these limits can lead to extra charges at the end of your lease.
- No ownership: At the end of the lease term, the vehicle must be returned. This means you won’t own the car or build any equity, unlike with a financed purchase.
- Limited customization: Leasing restricts modifications to the vehicle. If you prefer to add personal touches or customize your Honda, you’ll need to keep it in its original factory condition.
- Termination fees: Ending the lease early can result in significant penalties. This means you’ll need to stick with the full lease term to avoid additional costs.
Buying
Advantages:
- Full ownership: When you buy a Honda, the car is yours. Once you finish paying off the loan, you don’t have to worry about monthly payments anymore. This can make you feel more secure knowing the car belongs to you.
- No mileage restrictions: You’re free to drive as much as you like without worrying about mileage limits. This is helpful if you take long trips often or have a long daily commute.
- Customization opportunities: You can make changes to the car, like adding new features or changing its appearance. For example, you could upgrade the sound system or get custom paint.
- Long-term savings: Buying a car may cost more upfront, but over time, it’s usually cheaper. After you pay off your loan, you can keep the car and avoid monthly payments.
Disadvantages:
- Higher initial costs: Buying a car often means a bigger down payment and higher monthly payments. If you’re on a tight budget, this might feel like a lot at first.
- Repair expenses: After the warranty expires, you’ll be responsible for maintenance and repairs, which may include items like brake jobs or battery replacements for hybrids.
- Depreciation: Cars lose value over time, and you’ll feel the full impact of that if you’re the owner. For example, a brand-new car drops in value the moment you drive it off the lot.
Which Honda model is considered safest?
The 2025 Honda Accord stands out as a midsize sedan designed for top-tier safety and innovation. Earning high praise from the Insurance Institute for Highway Safety (IIHS), this 4-door sedan delivers peace of mind through its exceptional crash test ratings and advanced safety systems.
Small overlap front test: This test replicates a crash where the vehicle’s front corner hits an object such as a pole. The Accord excels with its strong structure that absorbs and manages impact forces, ensuring passengers are well-protected.
Moderate overlap front test (updated): Evaluates how effectively the vehicle shields passengers during a broader front-end crash. The Accord earned top ratings, showcasing its durable design and reliable safety measures.
Side impact test: Simulates a collision from the side, such as being struck by another vehicle. The reinforced structure and advanced side airbags in the Accord ensure excellent performance, earning the sedan superior safety scores.
Complementing its crashworthiness, the Honda Accord features advanced crash avoidance and mitigation systems. The vehicle includes a standard pedestrian detection system, which uses sensors to identify people on the road and apply automatic braking when needed. High-rated headlights boost nighttime visibility, while the LATCH system makes child seat installation easy and secure. Seat belt reminders further enhance passenger safety, ensuring everyone is buckled up during every drive. For those seeking additional safety, the Accord offers optional blind spot detection, providing an extra layer of confidence on the road.
Category | Evaluation criteria | Rating |
|---|---|---|
Crashworthiness | Small overlap front | G |
Moderate overlap front: updated test | G | |
Side: updated test | G | |
Crash avoidance & mitigation | Headlights | G |
Front crash prevention: pedestrian (Standard system) | A | |
Seat belts & child restraints | Seat belt reminders | G |
LATCH ease of use | G | |
Other available safety features
| ||
Source: The Insurance Institute for Highway Safety
Protecting your car with Honda Plus
In addition to standard car insurance, you can also protect your Honda vehicle via some of its proprietary programs, such as:
Honda Plus Payment Protection
For extra protection (in addition to your regular insurance), you can purchase something called Honda Plus Payment Protection, which includes:
- GAP (Guaranteed Asset Protection). 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. The coverage amount is up $50,000, including 'negative equity.' That way, you don’t have to pay for anything out of pocket.
- Replacement Warranty. This guarantees that your new car will be replaced with your current model in the event of a total loss due to fire, theft or accidental damage. If you have a pre-owned Honda, you'll get a replacement credit, adjusted annually for inflation, which would be applied to its replacement in the event of a total loss.
Honda Plus Lease Guard
If you’re planning to lease your Honda car instead of buying it, you can protect it against regular wear and tear, including dents and dings, stains, rips, worn tires and scratched rims, via the Honda Plus Lease-Guard program. If you upgrade to Lease-Guard Pro, you can also receive windshield and touch-up paint repairs as they happen.
Honda Plus Locate
With the Honda Plus Locate Theft Recovery System, you can install a KYCS device on your vehicle, which in combination with the help of Honda's staff and local authorities, can allow you locate your vehicle in the event of theft. You can also upgrade to Locate Pro, which offers even more perks.
