Insurance For Honda Fit Sport: Is It Affordable?

The cost of insuring a Honda Fit Sport depends on a variety of factors, including the driver's age, location, driving history, and chosen coverage level. For example, a 30-year-old male driver with a clean record can expect to pay around $468 annually for minimum coverage, while a 16-18-year-old driver can expect to pay nearly $600 per month or around $7,200 annually. The cost of insurance also depends on the model year of the Honda Fit, with newer models typically being more expensive to insure than older ones, except for models that are 11 to 14 years old, which are the most expensive to insure. Additionally, the state in which the car is insured plays a significant role, with states like Michigan mandating higher coverage levels, resulting in more expensive rates. Safety features, such as stability control and airbags, can also qualify the Honda Fit for insurance discounts. Overall, the Honda Fit is considered to have moderate insurance costs, falling in the middle of the list of the 360 priciest car models to insure.

The cost of insuring a Honda Fit varies depending on the driver's age, location, and driving history

The cost of insuring a Honda Fit varies based on several factors, including the driver's age, location, and driving history.

Age

Age is a significant factor in determining insurance costs for a Honda Fit. Younger drivers, particularly those under 25, tend to pay higher insurance rates due to their lack of driving experience. For example, a 16-year-old driver pays $613 for full coverage insurance, while a 60-year-old driver pays around $158 per month for the same coverage. Additionally, insurance companies may offer discounts to students with good grades or senior drivers who take defensive driving courses.

Location

The location of the driver also impacts insurance rates. Insurance companies consider the state, city, and ZIP code when calculating rates. Areas with higher populations and more traffic tend to have higher insurance premiums due to an increased risk of accidents. Conversely, living in a rural area with less traffic can result in lower insurance rates. Additionally, the number of auto insurance claims filed in a specific ZIP code can influence the insurance rate. If a neighborhood is designated as high risk due to a high number of claims, insurance companies may quote higher premiums for that area.

Driving History

An individual's driving record plays a crucial role in determining insurance costs. Insurance companies view customers with multiple violations or incidents on their record as high-risk drivers, leading to higher insurance rates. For example, drivers with a clean record pay an average of $135 per month for auto insurance, while those with a DUI on their record pay approximately $203 per month. The impact of incidents on insurance rates typically lasts for 3-5 years, after which rates may adjust.

The Honda Fit is classified as a non-high-performance vehicle, which helps to keep insurance costs moderate

The Honda Fit is a compact vehicle with a maximum curb weight of 2,648 lbs, and its horsepower ranges from 128 to 130. This classifies it as a non-high-performance vehicle, which helps keep insurance costs moderate. The safety features of the Honda Fit, such as stability control and airbags, can also qualify for insurance discounts.

The cost of insuring a Honda Fit depends on various factors, including the driver's age, location, driving history, and chosen coverage level. For example, a 30-year-old male driver with a clean record can expect to pay around $468 annually for minimum coverage from GEICO, while a 16- to 25-year-old driver may pay around $1,040 per year for minimum coverage from State Farm. The cost of insurance also varies by state, with the average monthly cost of liability coverage being around $150 in New York and less than half that in California.

The age of the vehicle also impacts insurance costs, with newer models typically being more expensive to insure than older ones. However, the presence of certain safety features in older models can influence their insurance rates. Additionally, the number of miles driven annually can affect insurance rates, with lower mileage resulting in lower insurance costs.

When compared to other Honda models, the Fit is one of the cheapest to insure. The average monthly insurance cost for a Honda Fit is $203, while the Honda Civic Type R sports car costs around $301 per month. The Ridgeline pickup truck, another Honda model, costs around $245 per month to insure.

It is worth noting that insurance rates can vary based on individual circumstances and the specific insurance provider. Additionally, factors such as accidents, speeding tickets, and collisions can significantly increase insurance rates.

The cheapest Honda Fit insurance is available for drivers aged 45-54

The cost of insuring a Honda Fit varies depending on several factors, including the driver's age, location, driving history, coverage level, and insurer. On average, insuring a Honda Fit costs $579 for minimum coverage and $1,230 for full coverage annually. However, rates can vary significantly, with some sources citing annual insurance costs for the Honda Fit ranging from $908 to $5,357.

GEICO typically offers the lowest rates for Honda Fit insurance, with minimum coverage starting at $468 annually, based on a 40-year-old male driver with a clean record. State Farm, on the other hand, is the cheapest insurer for full coverage, especially for non-military-affiliated drivers.

While the specific rates for drivers aged 45-54 are not explicitly mentioned, it is clear that insurance costs tend to be higher for younger drivers and those aged 55 and above. Teenagers and younger drivers can expect to pay significantly more for insurance, with rates as high as $600 per month for an 18-year-old and $716 per month for a younger driver, on average.

For drivers aged 45-54, the insurance rates for a Honda Fit are likely to be more affordable, especially when compared to younger age groups. However, it is important to note that rates can still vary within this age range due to other factors such as location, driving history, and the chosen coverage level.

To ensure the most accurate and up-to-date information, it is recommended to compare quotes from different insurance providers and consider factors specific to your situation, such as your state's minimum coverage requirements and any available discounts.

GEICO offers the most affordable coverage for the Honda Fit, starting at $468 annually

The cost of insuring a Honda Fit varies depending on several factors, including the model year, the driver's age, location, driving history, coverage level, and insurer. The average annual cost of minimum coverage for a Honda Fit is $579, while full coverage averages $1,230. However, GEICO offers the most affordable coverage for the Honda Fit, with rates starting as low as $468 per year for minimum coverage. This rate is based on a 40-year-old male driver with a clean driving record.

The Honda Fit's classification as a non-high-performance vehicle and its safety features, such as stability control and airbags, can help keep insurance costs moderate. Additionally, its compact size and weight may result in lower insurance costs compared to larger vehicles. However, newer models of the Honda Fit are typically more expensive to insure than older ones, and higher trim levels may also have higher insurance costs than the base model.

It's important to note that insurance rates can vary significantly by state, as each state has different minimum coverage requirements. For example, insurance rates are more expensive in Michigan due to their higher mandated coverage levels. On the other hand, states like California, Hawaii, and Massachusetts do not allow providers to adjust rates based on credit history.

When choosing an insurance provider for your Honda Fit, it's essential to compare quotes from multiple companies and consider your specific needs and circumstances. GEICO may offer the lowest rates for minimum coverage, but other providers like State Farm and USAA could be more competitive for full coverage or for specific demographics, such as military-affiliated drivers. By shopping around and considering factors like age, driving record, and available discounts, you can ensure you're getting the best rate for your Honda Fit insurance.

The cost of insuring a Honda Fit is influenced by the vehicle's safety features and model year

The cost of insuring a Honda Fit is influenced by various factors, including the vehicle's safety features, model year, driver's age, location, driving history, and coverage level.

Safety features play a crucial role in determining insurance costs. The Honda Fit is equipped with stability control, airbags, anti-lock brakes, and anti-theft systems, which can qualify for insurance discounts. These features enhance the overall safety of the vehicle, reducing the risk of accidents and theft, thereby positively impacting insurance rates.

The model year of a Honda Fit also influences insurance costs. Generally, newer cars are more expensive to insure due to their higher value, but this trend may not always hold true for the Honda Fit. According to data, the most expensive models to insure are those between 11 and 14 years old, while the cheapest are 6 to 7 years old. The age of the vehicle affects its value and condition, impacting the insurance rates accordingly.

In addition to safety features and model year, insurance companies consider the driver's age when setting premiums. Younger drivers, especially those under 18, often face higher insurance costs compared to more experienced drivers. Insurance rates tend to decrease as drivers get older, with the cheapest age group for the Honda Fit being between 45 and 54 years old.

Location is another factor that affects insurance rates. Urban areas with heavier traffic tend to have higher insurance costs than rural areas due to an increased risk of accidents and theft. Additionally, each state has different minimum coverage requirements, impacting the overall insurance premiums.

Driving history is also a significant consideration. Maintaining a clean driving record helps keep insurance premiums low. Accidents, speeding tickets, and violations can result in higher insurance costs. The number of miles driven is also relevant, as those who drive less frequently are less likely to be involved in collisions and may benefit from lower insurance rates.

Lastly, the type of coverage chosen influences the cost of insuring a Honda Fit. Full coverage, which includes comprehensive and collision insurance, is typically more expensive than minimum or basic liability insurance. The level of coverage chosen will depend on individual needs and preferences.

Frequently asked questions