Compare the Cost of Honda Fit Insurance by Model Year and Company

The average cost of Honda Fit insurance is $1,141 per year. Although Honda Fit insurance costs vary based on the model year and the insurance company, it is typically significantly cheaper to insure than the average vehicle.

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When you purchase insurance for your Honda Fit, it is best to explore all your options. As there are multiple insurers with different Honda Fit insurance rates, you can get the best deal by analyzing their quotes and comparing them. The average rates of Honda Fit insurance may be as high as $1,500 or as low as $942 per year, depending on the insurer.

Key Takeaways

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The average cost of insuring a Honda Fit is $1,141 per year, much less than the average price ($1,427) for all car models.

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Honda Fit insurance costs can vary by $558 based on the insurance company.

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As Honda Fit insurance quotes are cheaper for older models, the insurance cost can vary by $195 based on the model year.

How Much It Costs to Insure a Honda Fit and the Cheapest Company

The company you choose for Honda Fit insurance can have a significant impact on the overall price. The average insurance rate for a Honda Fit is $1,141 per year. When it comes to individual companies, the highest insurance quote is from Allied, at $1,500 on average. On the other hand, the cheapest average quote for Honda Fit insurance is $942 from GEICO.

The Average Annual Cost of Honda Fit Insurance by Company

MoneyGeek collected information about insurance provider rates using a sample driver profile. In this scenario, the driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Honda Fit by Company

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Is a Honda Fit Expensive to Insure?

Insurance companies use many factors to determine insurance costs. Cars that do not cost much and have a low theft rate cost less to insure.

The Honda Fit is inexpensive to insure due to its low value and low horsepower. Honda Fits are relatively cheap cars, so they don’t cost much to repair or replace, and they’re not commonly stolen. The Fit also doesn’t have much power, and cars with low horsepower tend to get into fewer accidents.

The Best Car Insurance Company for a Honda Fit

When choosing an insurance provider for your Honda Fit, pricing shouldn’t be your only priority. It is equally necessary to consider other factors, such as customer satisfaction, user complaints, financial stability and affordability. If an insurer gives you an affordable Honda Fit insurance quote, you should look into these other factors before making your purchase.

As per the MoneyGeek rating system:

  • USAA is the best insurance company for Honda Fit insurance. It is cost-effective and excels in all other factors. However, USAA is only available for military members and their families.
  • The next-best option is GEICO, which actually has a lower average annual premium for the Honda Fit than USAA.

1
USAA
Score:96

4.8/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:90

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:85

4.5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:81

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Honda Fit by Model Year

If you have an older model car, you will typically pay less for insurance due to depreciation. The price of your insurance policy will vary based on the model year and the insurance provider.

On the one hand, you can get your 2007 Honda Fit insured at an average price of $1,014. However, for a 2020 model, the average premium cost rises to $1,210 per year. The difference is around $196.

For some car models, the cheapest option can vary depending on your model year. However, for the Honda Fit, GEICO is the cheapest insurer for every available model year.

The Average Cost to Insure a Honda Fit by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2007 model)
  • 1.
    $1,013
    $989
    $980
    $951
    $939
    $869
    $850
  • 2.
    $1,033
    $1,043
    $1,053
    $1,016
    $975
    $895
    $874
  • 3.
    $1,099
    $1,163
    $1,007
    $1,029
    $1,016
    $1,021
    $927
  • 4.
    $1,213
    $1,196
    $1,236
    $1,150
    $1,149
    $968
    $1,002
  • 5.
    $1,297
    $1,314
    $1,391
    $1,407
    $1,334
    $1,201
    $1,158

How Expensive Is It to Insure a Honda Fit Compared to Other Cars?

The average insurance cost of a Honda Fit is around $1,141 per year, far below the $1,427 average cost of insuring most other cars. It may not be the cheapest car to insure, but the Honda Fit comes quite close!

How Much It Costs to Insure a Honda Fit for 16- to 25-Year-Olds

Younger drivers tend to pay higher insurance rates due to their inexperience. Insurers consider older, more experienced drivers to be less risky to insure, so they offer them cheaper premiums for similar coverage.

The average annual Honda Fit insurance cost for an 18-year-old is $3,724. In contrast, similar coverage for the same car costs $1,141 for a 40-year-old driver. Based on these figures, it's best for teenagers to stay on their parents’ policy. It will cost them less than buying a policy of their own.

The Average Cost to Insure a Honda Fit by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,774
  • 17
    $4,229
  • 18
    $3,724
  • 19
    $2,667
  • 20
    $2,381
  • 21
    $1,885
  • 22
    $1,736
  • 23
    $1,588
  • 24
    $1,491
  • 25
    $1,353
  • 40
    $1,141

How Does Location Affect the Cost of Honda Fit Insurance?

The costs mentioned in this article are national averages. However, where you live can have a significant impact on your Honda Fit insurance rates. You can learn better about insurance costs in individual states with our state page analysis.

FAQs About Honda Fit Insurance

Many people have questions about Honda Fit insurance. Answers to some of the most commonly asked questions can reveal more about the cost of Honda Fit insurance.

Read More About Car Insurance

Methodology

MoneyGeek collected information about insurance provider rates for the Honda Fit LX using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.