It can be a difficult task to find affordable insurance. Finding an affordable plan can be even more challenging for those with high-risk factors. If you just bought a Honda Pilot or are just trying to find an affordable insurance plan, we have the information you need.
In the US, the average annual cost for Honda Pilot insurance is $1,450. This breaks down to a six-month average of $725 and a monthly average of $120.83. This average considers those who have full coverage insurance and those who have liability insurance.
One of the main factors determining your insurance cost is your age. For adults 40 years and older with a clean driving record, your cost will be around $1,050 annually. Those 20 and under can expect to pay an average of $3,300 annually.
This difference in rates is due to the accident frequency of younger drivers and the more likely expense of medical bills. In this age group, 19 to 24-year-olds have a higher rate of fatal accidents than almost any other age group.
Read on to examine other factors that can affect your insurance cost. We will also look at other factors that can determine your insurance cost and how they play a role in deciding what you will pay.
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Types of Car Insurance You Can Get?
There are different types of insurance that you can get to cover your Honda Pilot. The type of insurance you get may depend on your car’s age, if you own the title or if you have financed your Honda Pilot. Here are the types of insurance you can get.
Full Coverage
Full coverage includes Liability, Comprehensive, Collision, Medical Payments, and Uninsured Motorist coverage in your plan. It is the most complete type of insurance you can get for your Honda Pilot.
It can cost around $1,050 annually for adults who are 40 years and older with a clean driving record. This is the most expensive type of insurance, and in most cases, it is required if your vehicle is financed.
Liability
This coverage includes Liability and Collision in your plan. It can cost around $725 annually for adults who are 40 years and older with a clean driving record.
It is cheaper than full coverage insurance because it does not cover your vehicle repairs. If you decide to get liability only, it will cover damages you may cause to someone else’s vehicle, but it will not cover the damage you do to your Honda Pilot.
These are the main two types of insurance you can buy for your Honda Pilot. Different add-ons can make your coverage more or less expensive. Here are some of the add ons to think about when shopping for Honda Pilot insurance.
Comprehensive Insurance
Comprehensive insurance will help cover the cost of damage done to your vehicle that is not from a collision. This can include damage from weather, vandalism, and some other factors. It will cost around $158 annually.
Comprehensive coverage usually has deductibles ranging from $0 to $1,500. Choosing a lower deductible will usually increase the cost.
Uninsured Motorist Coverage
If you live in a state that does not mandate uninsured motorist coverage, then you may opt to skip this coverage. However, if your state does require it, having UM will help cover you for expenses when someone else causes an accident that does not have insurance. Adding it to your coverage can cost around $35.
Gap Insurance
The amount your Honda Pilot is worth on the market may be more than what you owe on your loan. If your car is totaled, there will be a “gap” between what your insurance pays and what you owe.
If this happens, gap coverage can help pay the difference between what your Honda Pilot is worth and how much you still owe on it so that you do not have to come up with extra money to cover the difference. This type of insurance can cost around $27 a year for most cars.
Deductible
A deductible is an amount you pay before your insurance starts to cover any expenses. If you choose a high deductible, your premium will be less than if you choose a low deductible.
With a $1,500 deductible, the additional cost to your plan can be around $93 annually, and a $500 deductible can cost about $258.
Level of Coverage
Your coverage limits will also factor into the price of the plan. You can choose lower or higher limits than what is recommended for your Honda Pilot. The standard coverage limits for most insurance plans are:
Comprehensive: $1,000 deductible and $100,000 in total coverage
Collision: $500 deductible and $250,000 in total coverage
Liability: $100,000 in total coverage
Bodily Injury per person: $250,000 per incident
Property Damage: $250,000 per incident
Uninsured Motorist Bodily Injury: $100,000 per year
Uninsured Motorist Property Damage: $100,000 per year
Although these are the standard coverage limits most insurance companies have, you can choose higher or lower coverage limits. This may affect the price you pay for your insurance plan.
Cheapest Honda Pilot 2022 Trim Level To Insure
With so many different trim levels, you may be wondering how much it costs to insure each version of the Honda Pilot. We will go through the various trim levels and their annual cost to insure, starting with the cheapest.
- Sport – $1300/Annual – $650/6 Month – $108.33/Monthly
- EX-L – $1375/Annual – $687.50/6 Month – $114.58/Monthly
- Special Edition – $1387/Annual – $693.50/6 Month – $115.58/Monthly
- TrailSport – $1400/Annual – $700/6 Month – $116.66/Monthly
- Touring – $1400/Annual – $700/6 Month – $116.66/Monthly
- Elite – $1450/Annual – $725/6 Month – $120.83/Monthly
- Black Edition – $1490/Annual – $745/6 Month – $124.16/Monthly
When choosing a model, many factors can affect the overall cost to insure your Honda Pilot.
The model of the car that you choose will be one of the most significant factors in determining how much it costs to insure. The more features and higher the price of your car, the higher the price your insurance will be.
Insurance Company Cost Comparison
Depending on the insurance company you choose, this can also affect the cost to insure your Honda Pilot. Each company determines its rates differently, so it may be best to compare multiple companies before choosing one if you are looking for cheaper insurance.
The following list represents annual costs based on coverage limits of 250/500/250 (bodily injury per person, bodily injury total, and property damage) and choosing various models.
- Nationwide – $930
- GEICO – $1,088
- State Farm – $1,255.30
- Farmers – $1,264.45
- Allstate – $1,385.00
- Travelers – $1,401.63
- Progressive – $1,425.80
- Erie – $1,536.52
- Encompass – $1,543.58
These are just some companies that provide insurance for your Honda Pilot. There are many more, and depending on where you live, you may choose from more companies.
Insurance Averages By State
Every state has its minimum coverage requirements, and also the risk for getting into an accident varies, affecting the cost to insure your Honda Pilot. The following list shows the average insurance rates for each state.
- Alabama – $1,201
- Alaska – $1,256
- Arizona – $1,341
- Arkansas – $1,506
- California – $1,610
- Colorado – $1,545.21
- Connecticut – $1,446.61
- Delaware – $1,330.96
- Florida – $2,158.85
- Georgia – $1,323.15
- Hawaii – $1,059.50
- Idaho – $1,136.04
- Illinois – $1,149.64
- Indiana – $1,083.30
- Iowa – $1,041.68
- Kansas – $1,470.58
- Kentucky – $1,614.32
- Louisiana – $906.88
- Maine – $918.76
- Maryland – $1,211.84
- Massachusetts – $1,109.27
- Michigan – $2.050.68
- Minnesota – $1,262.72
- Mississippi – $1,211.88
- Missouri – $1,519.98
- Montana – $1,342.52
- Nebraska – $1,352.56
- Nevada – $1,557.08
- New Hampshire- $1,076.96
- New Jersey – $1,351.28
- New Mexico – $1,074.42
- New York – $1,599.72
- North Carolina – $904.83
- North Dakota – $920.67
- Ohio – $841.38
- Oklahoma – $1,337.98
- Oregon – $1,118.34
- Pennsylvania – $1,087.40
- Rhode Island – $1,692.30
- South Carolina – $1,302.33
- South Dakota- $1,262.14
- Tennessee – $1,269.70
- Texas – $1,395.18
- Utah- $1,198.86
- Vermont – $918.17
- Virginia – $964.30
- Washington – $1,159.44
- West Virginia – $1,297.24
- Wisconsin- $962.04
- Wyoming – $1,334.96
These are just the average insurance prices across the United States, so your insurance cost may be different depending on where you live in the country.
As expected, the riskiest states for car accidents also have more expensive insurance rates.
Cost By Model Year
The year of your Honda Pilot can also affect the cost of your insurance. Depending on what year your model is, the value of your vehicle will change.
If your model is less than three years old, the value will be higher, affecting the cost of insurance.
- 2015 Honda Pilot – $1,200/Annual – $600/6 Month – $100/Month
- 2016 Honda Pilot – $1,250/Annual -$625/6 Month- $104.16/Month
- 2017 Honda Pilot – $1,300/Annual – $650/6 Month- $108.33/Month
- 2018 Honda Pilot – $1,300/Annual – $650/6 Month- $108.33/Month
- 2019 Honda Pilot – $1,375/Annual – $687.50/6 Month- $114.58/Month
- 2020 Honda Pilot – $1,400/Annual – $700/6 Month- $116.66/Month
- 2021 Honda Pilot – $1,425/Annual – $712.50/6 Month- $118.75/Month
- 2022 Honda Pilot – $1,450/Annual – $725/6 Month- $120.83/Month
The newer your model is, the more expensive your insurance will be. If you are looking for cheaper rates, it may be best to keep your Honda Pilot for several years before purchasing another vehicle.
Insurance Cost By Age And Gender
The age of who drives can also affect the price of their insurance. The younger you are, the higher the risk is that you will be in an accident.
The same with the gender of who is driving; typically, women are more at risk than men. These figures are based on nationwide averages but can be higher or lower depending on the state you live in.
- Age 16 to 24 – $1,971.50
- Age 25 to 34 – $1,571.60
- Age 35 to 50 – $1,285.30
- Age 51 to 55 – $1,088.91
- Age 56 and up – $819.31
Males, on average, can expect to pay $1,298.22, and the average cost of insurance for females is $1,316.93.
Final Thoughts
The cost of your insurance is based on several different factors, such as the type of Honda Pilot you own and where you live. The model year also affects how much it will cost for insurance.
If you’ve had more accidents or traffic violations, this will affect the cost of your insurance as well. The best thing you can do to lower your monthly payments is to keep a clean driving record and drive an overall safe vehicle.
The Honda Pilot is a safe and reliable car that you can rely on for many years, so it may be beneficial to keep your model year to help keep your insurance rates low.
