Honda Civic Insurance Cost: Everything You Need to Know

Are you curious about the insurance cost for a Honda Civic? This car has long been known for its great value, making it one of the top-selling vehicles in the United States. Civic enthusiasts love its excellent fuel economy and impressive safety ratings. The classic Civic is a reliable and affordable choice. Let’s dive into the details of the insurance costs associated with your new or used Honda Civic.

Average Cost of Honda Civic Insurance

According to data from the finance blog NerdWallet, as reported by Cover.com, the Honda Civic is ranked as the 18th cheapest vehicle to insure in the US. On average, you can expect to pay around $1,876 per year for insurance on a late-model Honda Civic.

Reading: Why honda civic insurance expensive

Coverhound outlines the average six-month insurance costs for different model years of the Honda Civic as follows:

• $691.28 for a 2009 Civic
• $695.10 for a 2010 Civic
• $719.18 for a 2011 Civic
• $736.15 for a 2012 Civic
• $751.06 for a 2013 Civic

These numbers take into account the average cost of insuring a Civic across all 50 states.

Factors Affecting Insurance Costs

Insurance companies determine the premium for each vehicle based on factors such as vulnerability to damage, replacement costs, theft rates, and safety ratings. Let’s see how these factors apply to the Honda Civic.

Susceptibility to Damage

The National Highway Traffic Safety Administration classifies vehicles based on their susceptibility to damage. The Honda Civic scores 109, which is slightly above the average for all vehicles (100) but slightly below the average score of 119 for its competitors.

Cost of Repairs

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Being an imported vehicle, the Honda Civic tends to have higher replacement costs compared to domestic cars in its class. However, due to its popularity and affordability, this model offers relatively inexpensive repairs compared to other foreign cars.

Theft Rate

The Honda Civic’s relatively high theft rates contribute to the cost of insurance. However, considering the large number of Civics on the road, it’s not surprising that they are stolen more often than less common cars. Additionally, these vehicles have high-value parts that can be used in other Civics of different model years. While older Civics may have easier-to-break ignition blocks, newer models have improved security measures.

Safety Ratings

The Civic’s impressive safety ratings work in its favor when it comes to insurance costs. Every model year consistently earns high crash test scores from the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA).

Cost of Repair or Replacement

The relatively low MSRP of the Honda Civic also helps reduce insurance premium costs. Insurance companies consider how much they would have to pay to repair or replace your vehicle after a loss.

Driver Age

Small and compact cars can be riskier for insurance companies. Younger, less experienced drivers often choose these vehicles, so many insurers increase the premium for small cars. For drivers under the age of 25, insuring a Civic can cost up to 10 percent of the vehicle’s value, compared to an average of about 7 percent for a Honda CR-V or a similar SUV. In fact, the Civic is the most expensive Honda model to insure, as highlighted by Value Penguin.

Age also plays a role in the cost of insuring your vehicle. Based on insurance expert reviews, a 30-year-old man driving a Honda Civic will pay nearly $1,900 less for an annual insurance policy than a 20-year-old driver would.

Model and Trim Level

The 2019 model of the Honda Civic costs approximately 6 percent more to insure than other model years, with an average of $2,502 per year. The averages for other models are as follows:

• 2018 Honda Civic: $2,474 per year
• 2017 Honda Civic: $2,413 per year
• 2016 Honda Civic: $2,347 per year
• 2015 Honda Civic: $2,190 per year
• 2014 Honda Civic: $2,291 per year

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The model and trim level you choose can also affect the cost of insuring your Honda Civic. Sportier models, such as two-door coupes, generally cost more to insure than sedans.

Geographic Location

Your geographic location is a factor for insurance companies because it can affect your risk of accidents, theft, and other claims. For example, if you live in Los Angeles, your Civic insurance could cost at least $1,321 more per year than it would for a driver living in the Midwest.

Driving History

If you have tickets, insurance claims, or violations on your driving record, the cost of your Civic insurance will increase. This impact is particularly significant for teenagers and drivers in their twenties. According to Value Penguin, the average monthly payment for insuring a Civic for a 30-year-old owner is $197.50.

Insurance Company

For those seeking affordable insurance for their Honda Civic, ValuePenguin recommends State Farm. This company has an average annual premium of $1,642 for a 2018 Honda Civic. Here are the annual averages from other companies for the same make and model:

• United States: $622 per year
• GEICO: $655 per year
• State Farm: $665 per year
• Series: $704 per year
• Progressive: $778 per year
• Nationwide: $1,007 per year

Strategies to Save on Honda Civic Insurance

If you’re looking to find an affordable insurance policy for your Honda Civic, consider these strategies:

• Share a policy with an older or more experienced driver, especially if they are new to the road.
• Rent out your Honda Civic through a service like Turo to offset the cost of insurance.
• Ask about discounts for combining insurance policies, completing defensive driving courses, or achieving good grades.
• Compare quotes from different companies to find the best possible rate.
• If possible, remove or reduce comprehensive and collision insurance from your policy. However, if you lease or finance your Civic, you may be required to keep these policies until the lease is up or the car loan is paid off.

The Honda Civic lives up to its reputation as one of the most reliable vehicles on the road. Refer to this guide when you’re ready to find the best insurance for your new Civic.

Sources:

Source: https://amajon.asia
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