Toyota vs. Honda: Which Brand Costs More to Insure?
Lisa Steuer McArdle
· 3 min read
Toyota
and Honda are both considered two of the most reliable car companies on the market. Both companies make quality vehicles at a reasonable price. There aren’t too many glaring differences between the two Japanese companies. In fact, there are so many similarities between Honda and Toyota that it might seem difficult to choose one over the other, but one of them is
cheaper to insure
.Let’s take a look at how these two car brands compare.
Differences and similarities between Honda and Toyota
Overall, Toyota’s cars are solid and efficient. Toyota offers a range of vehicles from sports cars to pickup trucks.
Consumer Reports
notes that most Toyota models do well in its testing, due to their comfortable rides, quiet cabins, intuitive controls, refined powertrains, and good fuel economy, especially the Prius. The company offers hybrid technology throughout much of its line, including the RAV4 Hybrid.The Camry is a best seller, while the Highlander and Sienna are consistently among the top-scoring models in their respective classes.
Similar to Toyota, Honda’s vehicles offer a sound driving experience and competitive fuel economy.
There’s also Honda’s Clarity line, showcasing the company’s diverse alternative fuel technologies, including a version that uses a hydrogen-powered fuel-cell variant. Consumer Reports says the Accord, CR-V, Odyssey, and Ridgeline did particularly well in its tests. The only notable downside is that Honda’s infotainment systems are a bit behind the times.
Last year, both Honda and Toyota placed in the top five of
Consumer Reports’
annual auto reliability rankings. Toyota is always near the top of that list, while Honda has made a significant jump up the rankings. Despite the clear similarities, the two Japanese car makers do have some notable differences. According to
U.S. News and World Report
, Toyota focuses on dependability and reliability, while Honda focuses more on performance, constantly improving speed and handling. As you can see, both automakers have their relative strengths and weaknesses.
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Cost of car insurance for Honda and Toyota
Another area where Toyotas and Hondas differ is in insurance cost. According to our data, insurance premiums on Toyotas are a little cheaper than Hondas. The average annual premium for a Toyota is $2,616, while for Hondas it is $2,800. It’s not a huge difference in price, but every dollar counts if you are trying to save money.
It’s important to note that the cost of your insurance premium is also decided by other factors, like your driving record, how many miles you drive, and how many claims you’ve put in in the past. So while Toyota, on average, is cheaper to insure, your rate will also depend on your individual circumstances.
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Whether you purchase a Honda or a Toyota,
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