Car Insurance Rates: Toyota vs. Honda

The average Honda car insurance rates are $115/mo while Toyota car insurance rates are $118/mo. Your rates will vary depending on the specific car model and many other factors.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State...

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UPDATED: Jun 24, 2020

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Here's what you need to know...
  • Some Toyotas are going to be cheaper to insure than some Hondas and vice versa
  • Knowing the class and model of car you want to buy will help in an insurance comparison
  • There is not one car that is the cheapest for every driver to insurance
  • The average Honda car insurance rates are $115/mo
  • The average Toyota car insurance rates are $118/mo

Many people who are in the market for a new car want to know whether or not one car has better insurance rates than another. For example, which is cheaper Toyota or Honda?

The problem is, when it comes to a brand comparison, there is no way to say for sure that one make of car is cheaper to insure than another.

Compare car insurance rates below by entering your zip code now!

The Cheapest Toyota to Insure

The cheapest Toyota vehicle to insure is the Toyota Sienna.

Of course, this number could change drastically for you if you have a bad driving record, multiple traffic violations, and so on.

The Toyota Sienna has been the recipient of several awards, including Best Overall Value by IntelliChoice, which is a company that helps you find the best car for your needs.

In addition, the Toyota Sienna was rated as the vehicle with the highest resale value by Kelley Blue Book.

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The Cheapest Honda to Insure

The Honda CR-V is the cheapest Honda to insure with a rate of $960 a year.

Overall, compared to Toyota or even most other brands, Honda has several vehicles that are cheaper to insure.

The Honda Odyssey, which is Honda’s minivan, also has lower insurance costs than the average minivan, at $962 annually on average.

The Better Value of Toyota vs. Honda

  • Both Toyota and Honda have competitive insurance pricing.
  • Both companies make safe cars that qualify for car insurance discounts.
  • Both companies make vehicles that are priced economically.

Overall, when you compare the two companies in terms of cars, you will find that they rate almost the same when you talk about the same class of car.

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Operating Costs of Toyota and Honda Vehicles

If you don’t have your heart set on a particular type of vehicle and insurance costs are the same, something that can help you make a decision about your vehicle is overall operation costs.

Operation costs include things like:

  • How many miles you get per gallon of gas
  • How often you have to change your oil
  • What the cost of new tires are for your vehicle
  • How often do you have to change those tires

Depreciation and insurance costs are also included in the operating costs of a vehicle.

In the case of Toyota vs. Honda, the Toyota Sienna that has lower operating costs according to IntelliChoice.

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The Lowest Rates for You

Despite all of the good news about both Toyota and Honda and the low rates that they offer, this may not apply to you at all.

Several things will determine just how much you pay for your car insurance:

You cannot base your rate on what the national average might be. You must get your own rates by comparing them yourself.

Enter your ZIP code below and compare car insurance rates right now!

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