Ontario Honda Insurance

Honda Insurance

When you drive a Honda, you know you have chosen good performance, quality, and comfort. Honda vehicles have been the best-selling car in Canada for decades. No matter which model you drive - Honda Accord, Honda Civic, Honda CR-V, Honda Fit, or others - they are known for providing calm rides as well as being durable and good on fuel. The driver is the commander, and the road awaits. As a Honda owner, it just makes sense to get the best car insurance for your vehicle.

What Is Honda Insurance? 

Honda insurance is a contract that is made between you and an insurance company. This contract protects you and your vehicle in the event of an accident or claim involving the insured vehicle. In Ontario, it is required by law to have specific insurance coverages on your vehicle. Still, you can choose to increase those mandatory coverages or add additional coverages that help protect you and your vehicle.

Which Companies Offer Honda Insurance?

In Ontario, countless different insurance companies offer insurance for a Honda vehicle. To help save you time, work with an experienced insurance broker that will compare dozens of quotes from leading insurance companies. A broker will provide personal service and assist you in determining which insurance coverage is best tailored to your lifestyle. They will ensure you have peace of mind that you receive the best insurance for your Honda.

What does Honda Car Insurance Cover?

In Ontario, no matter what kind of vehicle you drive, it is required by law to have auto insurance. By getting insurance for your Honda, you guarantee that both you and your vehicle are protected in the occurrence of an insured loss. Coverages include third-party liability, accident benefits, direct compensation property damage, uninsured automobile coverage, and more. A specialized insurance broker will help guide you through the process to ensure that you are getting the best Honda insurance.

Additional Honda Insurance Coverages

You want to ensure your Honda is properly protected. Protecting your Honda can easily be done by adding additional coverages to our Honda insurance policy. A few popular coverages are displayed below to add extra protection to you and your vehicle.

Collision or Upset Coverage for your Honda: This additional optional coverage provides payment for losses caused when the insured automobile is involved in a collision with another object or tips over. 'Object' includes another automobile attached to the automobile, the surface of the ground, street signs, streetlights, and others.

Comprehensive Coverage for your Honda: Comprehensive coverage provides payment for losses other than those covered by Collision or Upset (shown above), including perils listed under specified perils, falling or flying objects, missiles, and vandalism.

All Perils Coverage for your Honda: This optional coverage combines coverage of collision or upset and comprehensive coverage. All perils coverage includes loss or damage caused if a person who lives in your household steals a described Honda. Coverage also applies if an employee who drives, uses, services, or repairs a described automobile, steals it.

Loss of Vehicle Use Coverage: This coverage is optional; it provides coverage for a Honda rental while the insured vehicle is out of use due to a covered physical damage claim.

Liability for Damage to Non-Owned Automobiles Coverage: This endorsement extends coverage for liability for loss, or damage arising from the care, custody or control of a non-owned automobile such as rental car, including its equipment, not owned by the insured.

Removing Depreciation Deduction Endorsement Coverage: This coverage waives depreciation if you are the original owner/lessee of the Honda, if the loss or damage occurs within a specified period from the purchase/ lease date. Depending on the insurance company, the length of the coverage may vary. The insurance company will determine the length of the coverage. The standard allocated coverage period is 24 months; however, some companies will offer this coverage for up to 5 years. 

How Much Does Honda Insurance Cost? 

The cost of Honda car insurance can range between 1,700 to $4,900 per year. Several factors are considered when determining the cost of your Honda insurance, including the driver's age, driving history, where you are currently located, the number of years licensed, insurance claims history, mileage driven, and the year and model of the Honda insured. 

To give an idea of the average price of Honda insurance premiums, a table with some sampling pricing from actual quotes is shown below. Make sure to keep in mind that depending on your personal circumstances, the cost of your Honda auto insurance will differ. Your best bet is to speak with an insurance broker who will provide you with an exact Honda insurance quote based on your specific situation and will add all eligible discounts. 

*The prices above were provided with the assumption that the driver had a good driving record (no previous tickets or accidents).

How Are Honda Insurance Quotes Calculated?

Honda insurance quotes are calculated based on several factors, including the insured's age, driving history, where the driver lives, the model and year of the Honda, safety features, cost of repairs, and more. The annual insurance cost for your Honda is also impacted by the coverages you have decided to add to your policy. If the insured purchases additional coverages to ensure their car has the proper protection, the annual insurance premium will increase.

Your Honda auto insurance rate also varies depending on the insurance company. For this reason, it is well worth contacting an insurance agent who will shop dozens of auto insurance providers and get you several quotes to find you the best insurance coverage for you and your vehicle.

How to Save on Honda Insurance

Leading auto insurance companies provide many car insurance discounts that Honda owners qualify for. Popular discounts include multi-vehicle discount, pay as you drive, automated emergency braking discount, winter tire discount, retiree discount, claims-free discount, mature driver discount, and many more.

Below are some popular ways to save on the cost of insurance for a Honda.

• Using an insurance broker
• Compare prices
• Bundling your insurance
• Driving less
• Driving safely
• Getting discounts
• Increasing your deductible
• Be claims-free
• Be a long-time insured
• Be aware of who is driving your vehicle
• Clean driving record
• Installing winter tires
• And more!

Working with an insurance agent will ensure that you get the best insurance that suits your lifestyle and will help you get all the discounts you qualify for.

Where Can I Buy Honda Car Insurance?

You can buy Honda car insurance from Morison Insurance. We are Honda insurance experts and will shop at the top and most respected insurance companies for numerous competitive quotes. We review coverages and insurance premiums with you so you can select the Honda insurance that is customized to meet your needs and ensure you get the best protection. Get started on your Honda insurance today by calling 1-800-463-8074 or submitting the form on our website.

We look forward to hearing from you!

This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.