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Honda is one of the most popular and trusted car manufacturers in the world. Canada is no exception to this phenomenon. The Honda Civic was the second most purchased car in Canada in 2020 while the CRV was in the top-10 in the SUV, Truck and Crossover category.
According to the Insurance Bureau of Canada, despite the fact that trucks remain the hottest target overall, the most stolen vehicle in Canada in 2020 was the Honda Civic for the second year in a row. No one can completely explain the dilemma outside for the speculation that the parts for the Civic, which is Honda's best-selling car, is worth a premium on the black market. The Civic is not the only Honda vehicle that is targeted, but it does stand alone at the top.
The Civic may also have a higher than normal premium rate, based on the high probability of it being stolen. The key to finding affordable insurance is to take the time to follow a few basic principles. At the top of the list is research.
In Canada, it is required that all motor vehicles have a certain level of car insurance. When the risk of certain Honda vehicles being stolen is added to the equation, the need to find Honda car insurance becomes paramount. Some of the other cars that Honda makes available in Canada are the Accord Sedan, Accord Coupe, Accord Hybrid, CR-Z, Crosstour, CR-V and more. With the current trend of theft directed at Honda vehicles, it is necessary to find affordable Honda car insurance in Canada.
Shopping for Honda car insurance in Canada is the same as with any other vehicle with one exception: the popularity of Honda with thieves can negatively impact the insurance prices. According to several sources, including Daily Markets, cars that are high risk (for theft) or located in high-risk areas are subject to higher premiums. The owner can do certain things to lower the premiums such as adding an alarm with an approved rating.
Both the Honda Accord and Civic were among the best selling vehicles in Canada in 2020, according to GoodCarBadCar.net. View the relative insurance economy, fuel efficiency and year-over-year sales data for these popular Honda models below:
| Honda model | Rank of insurance economy among top selling vehicles | Estimated annual fuel cost |
|---|---|---|
| Accord | Sixth | $1,130 (the hybrid) - $2,079 |
| Civic | Ninth | $1,559 - $2,592 |
| CR-V | First | $1,740 - $1,831 |
| Car Make & Model | 2020 Sales | 2019 Sales | Change |
|---|---|---|---|
| Honda Civic | 50,805 | 60,139 | -15.52% |
| Honda Accord | 7,844 | 11,381 | -31.08% |
| Honda CR-V | 50,135 | 55,859 | -10.25 |
The rates that you will be able to find will be dependent on a number of variables that can cause the rates to vary drastically from driver to driver. The number of accidents the driver has had over the past several years, previous insurance history and age are just some of the variables that will affect the overall cost of insurance for Honda auto insurance in Canada. Some of the heftiest premiums are reserved for the Accord and the Odyssey, primarily because of the replacement value.
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