Car Insurance Rate Differences Between Honda and Chevy

Car insurance rate differences between Honda and Chevy vehicles are actually very little. The two are similar when it comes to car insurance costs, but your demographics will play more of a role in your personal policy insurance differences between Honda and Chevy. Enter your ZIP code below to start comparing Honda. vs Chevy car insurance quotes for free.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Aug 14, 2020

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Here's what you need to know...

  • Honda and Chevrolet cars are very similar when it comes to the cost to insure
  • Your demographics will play more of a role in you car insurance rates than the fact you’re driving a Honda or a Chevy will
  • You should base your decision on whether to purchase a Honda or Chevy on which one you like better rather than which one will be cheaper to insure

This review compares the car insurance rates of Honda and Chevy cars and trucks and determines which is more affordable to insure. Many different factors come into play when comparing the insurance rates of different car manufacturers.

Have you had a difficult time finding competitive car insurance rates? Just enter your ZIP code in our simple-to-use free tool below to get car insurance quotes near you today!

Honda and Chevrolet are two of the most popular car brands in the United States today. There are many different types of vehicles made by Ford and Chevy, ranging from sport utility vehicles to fuel-efficient sedans to pickup trucks.

The factors that come into play when looking at the cost of car insurance for both Chevys and Fords are plentiful.

While some of the factors are a direct result of the type of car, others only have to do with the driver and will be the same cost no matter which vehicle is being insured.

Factors Involving Car Insurance Rates


The main factors that affect car insurance rates on an individual level are the driver’s demographics:

The number of miles driven each year on the vehicle to be insured is also a factor.

Generally, younger drivers will cost more to insure than more mature drivers. This is because younger drivers do not have as much driving experience, and are therefore more of a risk when driving.

A driver that is not used to being behind the wheel can be more susceptible to getting into an accident and either injuring another driver or themselves.

Gender also plays a role in determining car insurance. For example, young male drivers are more of an insurance risk than young females. This is based on scientific research, not just stereotypes.

According to the Institute for Highway Safety, in 2014, of the over 30,000 auto accident fatalities that occurred in the United States, 71% were men.

Typically, when a man reaches the age of 25, his insurance rates will be reduced. In addition, if a man under 25 years of age gets married, his rates will also go down because married individuals pose less of an insurance risk than single people.

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Car Insurance Rates by Manufacturer


As far as comparing Hondas to Chevys, there is a fairly small difference between the two. A recent study was conducted by the National Highway Traffic Safety Administration to determine the cost of insuring various cars.

The results were fairly conclusive and show that one of the makes is typically only a small amount less to insure than the other.

Of the 59 Chevys that were studied, the Chevrolet Suburban 1500 four-door sport utility was the least expensive to insure, as the average payment per loss was only $54.

In fact, of the 59 Chevys, 20 of them (or more than 33.8%) had an average payment per loss of $80 or less.

Honda’s least expensive vehicle to its Pilot four-door sport utility vehicle, which has an average payment per loss of $62. In fact, six of the 19 (more than 31.6%) Hondas had average payments of $80 or less.

This amount was very similar to that of the Chevy cars and trucks that were studied.

The most expensive Honda to insure is the Civic Si, with an average payment per loss of just over $210. On the Chevy side, the average payment per loss of the Chevy Cobalt Supercharged SS topped the charts at just over $209 for the average payment per loss.

Chevy or Honda — The Right Choice to Make

As is evident by the studies, the decision between purchasing a Honda or a Chevy will most likely come down to personal preference, rather than just on the total cost to insure the vehicles.

Both Chevy and Honda have similar choices available as far as the types of vehicles, safety features, gas mileage, style, and financing options.

Since the insurance costs are going to be about the same when comparing two similar cars from each auto maker, you should simply base your decision on which one you want and, of course, which one you can afford.

The Chevys and Hondas that have the highest payment per loss are both fast sports cars.

The Chevy and Honda vehicles that have the lowest payment per loss are four-door, safe, and large sport utility vehicles. This shows that both automakers offer similar vehicles that will generally cost about the same to insure.

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