3 Honda Models That Won’t Cost You an Arm and a Leg to Insure

Most states require you to have insurance before driving a new or used car off the lot, but rates are steep for some models. Considering gas costs and auto loan repayments, some shoppers wonder if they can even afford a car at all. Fortunately, you can get most Honda vehicles at affordable prices.

Additionally, NerdWallet reports that the Honda CR-V is one of the cheapest to insure. Besides one of the nation’s best-selling SUVs, which other Honda models have low insurance costs?

The Honda Civic is relatively cheap to insure

Close-up of a silver Honda logo on a black CR-V steering wheel
2019 Honda CR-V steering wheel | Smith Collection/Gado/Getty Images

The average yearly insurance cost for a Honda Civic is $1,720, almost $300 more than the national average. That rate was also 8.33 percent of its MSRP for 2020. However, for an average of $20,650, it’s still one of the cheapest sedans on the market. The 2022 Honda Civic is slightly more expensive, starting at $21,700.

The latest Honda Civic is also completely redesigned, available in both sedan and hatchback body styles. The base four-cylinder makes 158 hp, and the optional turbo-four produces 180 hp. A continuously variable transmission is standard, though you can also get a six-speed manual transmission on the hatchback models. The Civic Si, which was absent last year, will also return for 2022 and offer a manual gearbox.

Though it’s not the quickest sedan, most critics praise the Honda Civic’s snappy handling and comfortable ride. The interior has also been updated, but it still remains spacious for all passengers. The sedan offers a total of 15 cubic feet of storage, while the hatchback has 10 more feet in the trunk.

Edmunds says the infotainment graphics are still dated, but the system responds quickly to user inputs. Smartphone integration comes standard, with wireless compatibility if your Civic has the available nine-inch touchscreen. Safety aids are generous, and even the base trim comes equipped with adaptive cruise control.

The Honda Accord is a good pick if you want lower insurance premiums

The Honda Accord has a slightly cheaper annual insurance rate compared to the Civic, averaging $1,667. A new Accord starts at $24,970, Honda shows, making its insurance rate around 6.94 percent of its MSRP. For 2021, the Accord loses its manual transmission but gains some new standard features.

Drivers can choose between two turbo engines, the standard producing 192 hp and an equal amount of torque. The optional motor makes 252 hp and comes paired with a 10-speed automatic transmission instead of the standard CVT. Both engines are quite speedy, and the Accord’s CVT is surprisingly subtle compared to rivals.

Drivers will also appreciate the Honda Accord’s fun handling and exceptional fuel economy, up to 30/38 mpg city/highway. The interior is roomy enough for all passengers, and it has one of the largest trunks in its class. Wireless smartphone integration comes standard, as does almost every safety feature.

Don’t forget the affordable CR-V

Despite having the highest base price of the three Honda models here, the CR-V has the least expensive annual insurance rate of $1,439. That’s only 5.75 percent of the average price paid for the car itself by consumers, around $25,050 to $25,350.

It offers only one engine choice, producing 190 hp and pairing with a smooth-shifting CVT. It also has an agreeable ride without too much body lean. Unlike either of Honda’s sedan offerings on NerdWallet’s list, the CR-V can have all-wheel drive. 

The Honda CR-V also offers two spacious rows of seating, but it doesn’t come with many standard features. The infotainment interface is also prone to a few hiccups, and the menus aren’t very user-friendly. Still, if you want low insurance rates and more interior space, the Honda CR-V is a perfect choice.

RELATED: The Standard 2021 Honda CR-V Makes Insurance Lighter on Your Wallet