Is A Honda Accord Expensive To Insure?

by | Last updated on January 24, 2024

, , , ,

On average, it costs $2,163 per year to insure a Honda Accord owned by a 30-year-old man across the 2014 to 2019 model years. However, drivers of newer Hondas can expect to pay more: It costs $2,374 to insure a 2019 Accord, 19% more than a 2014 model.

How much is insurance on a Honda Accord?

Year and model Annual cost for 30-year-old driver Annual cost for 18-year-old driver 2019 Honda Accord $2,374 $8,380 2018 Honda Accord $2,271 $8,063 2017 Honda Accord $2,173 $7,706 2016 Honda Accord $2,102 $7,455

Are Honda Accords more expensive to insure?

The average price for Honda was $2,151, making the Accord $12 more a year than the average price. In comparison, the Civic would be $2,502 for a 30-year-old and $8,844 for an 18-year-old. ... Even though the Civic is generally pretty safe, it is the most expensive Honda in the lineup to insure .

Is insurance high on a Honda Accord?

Car insurance rates for the Honda Accord are about $1310 annually . That comes out to about $109 per month on average. ... These numbers are according to Expert Insurance Reviews. Teenage drivers are considered high-risk drivers and pay the highest rates of about $4788 annually or $399 per month.

Why do Hondas cost more to insure?

The cost to insure a Honda Civic increases a bit because of the vehicle's relatively high theft rates . However, because there are so many Civics on the road, it makes sense that they are stolen more often than less ubiquitous cars.

Why are Hondas expensive?

It simply comes down to not just supply and demand, but also the popularity, reliability, and customizability of the older Honda Civics and Accords. As the years go on, it's getting harder and harder to find clean examples like the aforementioned 1996 Honda Civic, so there's a factor of rarity.

Why is my insurance so high?

Common causes of overly expensive insurance rates include your age, driving record, credit history, coverage options , what car you drive and where you live. Anything that insurers can link to an increased likelihood that you will be in an accident and file a claim will result in higher car insurance premiums.

Does Civic type R hold value?

When MotorTrend returned theirs, the staff was surprised to learn that the car had retained nearly 90 percent of its original value . ... Thanks to its powerful and efficient drivetrain, it's a great car both for daily driving and fun on the track.

Does Honda sensing lower insurance?

However, new safety tech such as that found in the Honda Sensing suite can save you money on insurance a little sooner. ICBC has recognized the fact that these innovative safety features actually reduce the likelihood and severity of a crash. As a result they now offer an Autonomous Emergency Braking (AEB) discount.

How much is car insurance a month?

The national average cost of car insurance is $1,592 per year, according to NerdWallet's 2021 rate analysis. That works out to an average car insurance rate of about $133 per month . But that's just for a good driver with good credit — rates vary widely depending on your history.

Is Toyota or Honda cheaper to insure?

For the latest model year, the Toyota Corolla is cheaper to insure than the Honda Civic by an average of $104 per year. Average car insurance cost per month for the Honda Civic is 7.3% more expensive than the Toyota Corolla, at $118 versus $110, a difference of $8.

Which is better Honda Civic Sport or ex?

Civic Sport models come equipped with the base 2.0-liter engine and deliver a respectable 158 horsepower. The Civic EX, on the other hand, receives a more powerful engine setup and comes fitted with a 1.5-liter turbocharged engine that delivers 174 horsepower on the road.

Are Hondas worth the money?

Honda has a well-deserved reputation for making well-built, well-engineered cars, and that holds true across its entire lineup. Fuel-efficient and spacious, most Hondas are both enjoyable to drive and boast solid reliability . The mid-size Accord family sedan, a longtime 10Best award winner, is Honda's bread and butter.

Is a Honda or Toyota better?

With the categories we looked at, it turns out that Toyota is the superior brand , having more vehicles, better prices, and superior reliability. However, when it comes to choosing between Honda or Toyota, Honda is no slouch either, having similar reliability ratings, affordable prices, and even better safety ratings.

Does Honda keep their value?

Honda won the mainstream award with an average projected retail value of 50.1 percent after five years and Acura took the luxury title with a 45.4 percent value.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.