- Average Honda Fit insurance cost is $1,342 per year, or around $112 per month, for a full coverage policy.
- The Fit ranks second out of 27 vehicles in the 2020 compact car class for insurance affordability.
- The cheapest Honda Fit insurance is the LX Hatchback trim level at an estimated $1,290 per year. The Fit EX-L Hatchback is the most expensive to insure at $1,402 per year.
- As a popular model for teens, full coverage insurance rates for teenagers ranges from a low of $3,376 for a 19-year-old female driver to a high of $4,972 for a 16-year-old male driver.
How much does Honda Fit insurance cost?
Honda Fit car insurance costs on average $1,342 yearly, or $112 on a monthly basis. With average insurance for the compact car segment costing $1,599 per year, the Fit is $257 cheaper.
Average monthly payments to insure a 2020 Honda Fit for full coverage range from $108 per month on the Fit LX Hatchback model to $117 per month on the EX-L Hatchback model. These rates can vary quite a bit based on factors like the age of the driver and the policy limits, as demonstrated by the next illustration.
The following chart demonstrates how Honda Fit car insurance rates vary based on the age of the rated driver and the chosen policy deductibles. The yearly policy cost range from a low of $1,046 per year for a 60-year-old driver with deductibles of $1,000 to the highest policy cost of $2,978 each year for a driver age 20 with a deductible of $250.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
As shown in the chart above, higher deductibles can reduce the cost of car insurance, while lower deductibles increase average prices. Younger drivers tend to pay higher rates as well, but they continue to fall generally until age 60 or 65 when they begin to creep back up.
Honda Fit insurance vs. the competition
When rates are compared to the top-selling vehicles in the small car segment, Honda Fit insurance costs $172 less per year than the Honda Civic, $20 less than the Toyota Corolla, $132 less than the Nissan Sentra, and $470 less than the Hyundai Elantra.
The Honda Fit ranks second out of 27 comparison vehicles in the small car segment for insurance affordability. The Fit costs an average of $1,342 per year for full coverage insurance and the class average is $1,599 annually, a difference of $257 per year.
The chart below shows how well average 2020 Honda Fit car insurance rates compare to the top 10 best-selling small cars in America. Following the chart, we included a table that displays the average insurance cost for all 27 models in the small car category, plus a difference column that shows how much cheaper or more expensive each model’s insurance is than the Honda Fit.
|8||Fiat 124 Spider||$1,456||$114|
|21||Mitsubishi Mirage G4||$1,734||$392|
What is the cheapest Honda Fit insurance?
With Honda Fit insurance rates ranging from $1,290 to $1,402 per year on average, the most budget-friendly model to insure is the LX Hatchback. The second cheapest trim level to insure is the Sport Hatchback at $1,320 per year. On average, expect to budget a minimum of $108 per month to insure a Honda Fit for full coverage.
The most expensive trim levels of Honda Fit to insure are the EX-L Hatchback at $1,402 and the EX Hatchback at $1,352 per year. Those trims will cost an extra $112 and $62 per year, respectively, over the cheapest LX Hatchback model.
The table below shows how insurance rates vary based on each Honda Fit trim level. Average rates are shown for annual, 6-month, and monthly policy terms.
|Honda Fit Trim Level||Annual Policy||Six-Month Policy||Per Month|
Are Honda Fit insurance rates cheaper for used models?
Opting for a 2013 Honda Fit in place of a new 2020 model could potentially save $258 per year. Even choosing a used 2017 model could save $132 on a yearly basis.
The following data table shows the average insurance cost for a Honda Fit for various drivers and model years. The range of annual policy costs goes from the most affordable price of $972 for a 60-year-old driver rated on a 2013 Honda Fit to the most expensive rate of $2,648 for a 20-year-old driving a 2018 model.
|Model Year and Vehicle||Driver Age 20||Driver Age 40||Driver Age 60|
|2020 Honda Fit||$2,636||$1,342||$1,196|
|2019 Honda Fit||$2,498||$1,270||$1,132|
|2018 Honda Fit||$2,648||$1,342||$1,200|
|2017 Honda Fit||$2,382||$1,210||$1,080|
|2016 Honda Fit||$2,322||$1,184||$1,054|
|2015 Honda Fit||$2,134||$1,080||$968|
|2014 Honda Fit||$2,784||$1,400||$1,254|
|2013 Honda Fit||$2,144||$1,084||$972|
At some point down the road, owners have to decide whether to drop one or both physical damage coverages from the policy. As a vehicle ages, the expense associated with carrying physical damage insurance starts to surpass any benefits.
Removing comprehensive and collision coverage on an older Honda Fit could save around $550 per year, depending on the deductibles and the age of the driver.
How much is Honda Fit insurance for teen drivers?
Average car insurance rates for teenagers on a 2020 Fit are quite expensive. Prices range from a low of $3,376 for a 19-year-old female driver to a high of $4,972 for a 16-year-old male driver when insured on a policy with full coverage.
U.S. News and World Report ranked the Honda Fit as the best new car for teens under $20,000, but how much damage does insuring a teenager on a Honda Fit do to your family budget? The table below shows average car insurance rates for male and female drivers aged 16 to 19 when insured on a Honda Fit with full coverage.
|Gender||Driver Age 16||Age 17||Age 18||Age 19|
If saving money when insuring your teen is a priority, then you may want to consider buying an older model year and not insuring for physical damage coverage. Liability insurance is still pricey on any vehicle driven by an inexperienced teen driver, but not paying for comprehensive and collision coverage will knock a good chunk off your insurance bill.