Cars

Why Are the Honda Accord and Civic Expensive to Insure?

The Honda Civic and Honda Accord make up some of the more popular cars on the road these days. While these cars are not in the luxury market, the insurance on both is fairly high. What makes insuring these two Honda vehicles different?

Are Honda Civics more expensive to insure?

The Honda Civic and Accord are expensive to insure
Honda Civic and Accord vehicles | Patrick Fallon/Bloomberg via Getty Images

Is the Civic more expensive to insure than the Accord? No. According to Value Penguin, a data-driven insurance information company, Honda’s are among the most popular cars on the road.

In 2019, the cheapest Honda to insure was the Insight LX. A hybrid in nature, the Insight LX started at $23,725 and cost an estimated $1,901 a year for insurance.

Some of the other less expensive options are the Odyssey ($2,070) and the CR-V ($2,167). The most expensive Honda models on the list were the Ridgeline ($2,302) Accord LX ($2,374), the Civic LX ($2,502), and the Civic Type R ($2,402),

Interestingly enough, the insight is a sedan and still on the low end. All of the more expensive models to insure were sedans, except for the Ridgeline, which is a truck.

Which is more reliable, the Honda Civic or Honda Accord?

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The issue here isn’t the Honda Accord reliability or the Honda Civic reliability. It is about the driver. There is a large discrepancy between the price of insurance for an 18-year-old and a 30-year-old.

In fact, Value Penguin notes that it is a difference of between $5,000 and $6,000 annually for an 18 verse 30-year-old.

For the same 2019 Accord, a 30-year-old can be expected to pay the $2,374 noted before. An 18-year-old driver might be charged around $8,380 for the same car.

In the instance that you have an older 2014 Accord, the 30-year-old might pay $1,998. The 18-year-old might be paying $7,143. The average price for Honda insurance 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. For the 30-year-old, this works out to about $195.70 a month. Even though the Civic is generally pretty safe, it is the most expensive Honda in the lineup to insure.

Why are Hondas expensive to insure?

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According to Good Car Bad Car, the Civic has sold 15,475 so far in 2021. The Accord has sold 13,330 vehicles. But why are these two vehicles so expensive? Cover says it comes down to a few reasons.

Smaller, less expensive cars tend to be more attainable by younger drivers. This means, in the eyes of insurance, there are likely more claims. This aligns with the numbers listed above that show insurance for younger drivers is exponentially higher.

However, it is hard actually to predict what insurance might cost across the board. A 30-year-old in Southern California will likely pay more than a 30-year-old in Nebraska simply because of cars’ volume on the road.

As cars get safer and more reliable, they also get more expensive. If you question how much you would pay, you can always get a quote from a popular insurance company. State Farm, Allstate, Geico, and Nationwide are a few.