Car Insurance CostsHonda FitCompare the Cost of Honda Fit Insurance by Model Year and Company
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The cost of insuring a Honda Fit varies by the driver's age and the car's model year. 16-year-old drivers pay an average of $6,140 annually to insure a 2020 Honda Fit, while 40-year-old drivers pay $1,362 for the same model. Older Honda Fit models are also comparatively less expensive to insure, with the 2009 model costing an average of $252 less per year than the 2020 model.
MoneyGeek ranked the best insurers who balance affordability with service and claims experience for your Honda Fit.
Car Insurance CostsHonda FitTable of Contents
Average Cost and Cheapest Companies for Insuring a Honda Fit
If you drive a Honda Fit, insurance costs an average of $1,251 per year — but rates can go up or down depending on who your insurer is.
State Farm offers the cheapest auto insurance for drivers with a Honda Fit, for either full coverage ($978 per year) or minimum coverage ($476 per year) policies.
Farmers is the most expensive provider for Honda Fit drivers. With Farmers, full coverage policies cost an average of $1,518 per year, and minimum coverage policies cost an average of $725 per year.
Is a Honda Fit Expensive to Insure?
Various factors determine car insurance costs, such as age, driving history and your car’s make and model year. A Honda Fit is relatively cheap to insure due to its low horsepower. Low-horsepower vehicles are generally less likely to get into accidents, making them less expensive to insure.
Best Companies for Insuring a Honda Fit
When purchasing insurance for a Honda Fit, it's crucial to remember that price is just one of many factors to consider. Selecting an insurer that provides excellent service and claims experience can be just as important as cost. The best auto insurance provider can offer a balance of these criteria.
The following providers offer the best Honda Fit insurance:
- State Farm: MoneyGeek score 76 out of 100 ($978 per year)
- GEICO: MoneyGeek score 74 out of 100 ($1,003 per year)
As the most affordable insurer with a high score in customer satisfaction, State Farm secures first place in our rankings.
MoneyGeek Top Pick: State Farm
pros
Offers the most affordable auto insurance for Honda Fit drivers
Ranks above average in customer satisfaction
cons
Does not offer accident forgiveness, new car replacement or gap insurance
Low customer claims satisfaction based on J.D. Power’s ratings
COMPANY HIGHLIGHTS
Apart from being an affordable provider with above-average customer satisfaction ratings, State Farm offers essential coverages for Honda Fit drivers. From rental car services and reimbursement to roadside assistance, Honda Fit drivers have many coverage options that can provide additional financial security.
For instance, rental car services and reimbursement coverage can help you cover the cost of a rental car in case your Honda Fit is unavailable due to being repaired. Roadside assistance coverage can also help with minor inconveniences that happen on the road. With this coverage, you can get towing services to the nearest repair shop, have oil, gas or a battery delivered or request locksmith services if you're locked out.
MoneyGeek Runner-Up: GEICO
pros
Offers affordable coverage for Honda Fit drivers
Has an above-average customer satisfaction rating
Offers unique coverages such as mechanical breakdown insurance
cons
Does not offer gap insurance
Low claims satisfaction ratings from J.D. Power
COMPANY HIGHLIGHTS
For Honda Fit drivers, GEICO ranks as the runner-up insurer by providing a good balance of affordability and customer satisfaction. GEICO also offers Honda Fit drivers with a variety of extra coverages, ranging from common coverages such as roadside assistance to unique ones such as mechanical breakdown insurance.
Mechanical breakdown insurance is a rare and beneficial coverage for new Honda Fit owners. Compared to a typical dealer-extended warranty, it provides more comprehensive coverage at a lower cost by including all of the car’s parts and systems. GEICO also offers accident forgiveness, which is great for drivers with a spotless driving record as it can prevent your rates from increasing if you end up in your first at-fault accident.
Cost of Insuring a Honda Fit by Model Year
Insuring a 2009 Honda Fit costs an average of $252 less per year than insuring a new 2020 model. Generally, the average cost of car insurance for a Honda Fit changes depending on the model year of your car. More recent models typically have higher premiums, as they have better parts that are more expensive to repair or replace and a higher overall value.
In addition to model year, the average cost of car insurance can vary by insurer. For a 2009 Honda Fit, for instance, State Farm is the cheapest insurer (at $860 per year). On the other hand, for a 2020 Honda Fit, GEICO is the cheapest insurer (at $1,082 per year).
Cost of Insuring a Honda Fit for 16- to 25-Year-Olds
Car insurance is considerably more expensive for teen drivers and those in their 20s than adults aged 30 and above. A 16-year-old driver with a Honda Fit would pay an average of $5,533 per year for full coverage. A 40-year-old, on the other hand, would pay an average of $1,212 per year for the same policy.
With each passing year, teen car insurance costs drop significantly, stabilizing as teens enter adulthood and gain more experience driving.
When getting car insurance for teens, including them on a family plan is typically the most cost-effective option, as individual policies can be prohibitively expensive. State Farm ranks as the cheapest insurer for a 16-year-old with a Honda Fit (2020 model), with average premiums starting at $3,664 per year for an individual plan. Farmers is the most expensive, at an average annual rate of $8,628.
It’s important for families and teens to shop around and compare rates to find the most affordable car insurance that meets your needs.
How Does Location Affect the Cost of Honda Fit Insurance?
While driver age and model year are important factors in determining the cost of insuring your Honda Fit, the cheapest policy available will likely depend on where you live. Idaho is the cheapest state for car insurance, while the most expensive is New York. Shopping around to find the most affordable insurers in your state is essential.
Frequently Asked Questions About Honda Fit Insurance
Insuring your Honda Fit is essential to protect yourself financially while ensuring compliance with your state’s insurance laws. Learn more about insuring your Honda Fit with our commonly asked questions.
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