logo
Honda now offers car insurance

Honda now offers car insurance

CNBCa day ago
Honda is the latest automaker to get into the insurance business. In late July, the Japanese manufacturer announced Honda Insurance Solutions, an online marketplace that gives consumers a simple way to comparison shop for car, home, and even pet insurance policies from dozens of top providers.
The program, a partnership with omnichannel insurance brokerage VIU by HUB, is available for all makes and models of automobiles, although Honda and Acura owners are guaranteed replacement parts from their original manufacturers.
Honda's auto insurance marketplace offers coverage for all makes and models of cars. Honda and Acura owners can select policies with genuine parts replacement.
Varies by company. Options include discounts for bundling, safe drivers, anti-theft devices
Varies by company
Honda Insurance Solutions has partner insurers available in all 50 U.S. states and Washington, D.C.
The in-house insurance agency has policies for residents in all 50 states, including plans from top providers like Progressive, Geico and Nationwide.
In addition to automobiles, it offers vehicle coverage for motorcycles, boats, RVs, ATVs and more.
Honda joins other major automakers, including Tesla, Toyota, and GM, in expanding into the insurance market. It suggested that the venture marked the start of a broader strategy to integrate insurance into digital vehicle sales platforms, encompassing telematics and usage-based pricing.
"This is just the beginning of our vision," Petar Vucurevic, president of American Honda Insurance Solutions, said in a statement. "Insurance is a key touchpoint in the vehicle ownership journey, and we aim to deliver a superior experience tailored to the unique needs of each customer."
Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.Geico auto coverage is available in all 50 states and Washington, D.C., with 16 discounts and add-ons like roadside assistance, rental car reimbursement and mechanical breakdown insurance.Progressive offers an array of riders, including rideshare insurance and a Deductible Savings Bank that deducts $50 each policy period you go without a claim. It also offers mechanical breakdown insurance, which covers unexpected major system failures.
No, the platform has policies for all make and model vehicles. Honda and Acura owners, however, are guaranteed that replacement parts will be from the original manufacturer.
According to Honda, online quotes are not available for all policies in all states.
No, policies purchased through the Honda Insurance Solutions site are underwritten by top insurance providers, with support from licensed agents from VIU by HUB.
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every car insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Toyota Says It's Facing $9.5 Billion Tariff Hit, Cuts Profit Guidance
Toyota Says It's Facing $9.5 Billion Tariff Hit, Cuts Profit Guidance

Epoch Times

time12 minutes ago

  • Epoch Times

Toyota Says It's Facing $9.5 Billion Tariff Hit, Cuts Profit Guidance

Toyota cut its full-year profit guidance on Thursday and revealed it expects to absorb a $9.5 billion blow from U.S. tariffs, marking the largest projected tariff hit among global automakers as the Trump administration's new trade reset begins to reshape the auto industry. In its quarterly earnings report, released on Aug. 7, the Japanese auto giant said it now forecasts operating income for the fiscal year ending March 2026 to reach $22.1 billion, down $4.1 billion from its earlier forecast. The downward revision is due largely to sharply higher tariffs imposed by the United States on imports of foreign vehicles and components.

Population of Japanese nationals falls by nearly a million in one year
Population of Japanese nationals falls by nearly a million in one year

Yahoo

timean hour ago

  • Yahoo

Population of Japanese nationals falls by nearly a million in one year

The population of Japanese nationals fell by more than 900,000 people last year - the steepest annual decline since government surveys began in 1968. Prime Minister Shigeru Ishiba has described the demographic crisis of Japan's ageing population as a "quiet emergency", pledging family-friendly policies such as free childcare and more flexible work hours. But efforts to reverse the perennially low birth rates among Japanese women have so far made little impact. New data released on Wednesday by the Ministry of Internal Affairs and Communications showed the number of Japanese nationals fell by 908,574 in 2024. It marks the 16th consecutive year of population decline with the squeeze being felt by the nation's pension and healthcare systems. The number of foreign residents reached a record high, however, of 3.6 million people as of 1 January 2025, representing nearly 3% of Japan's population. The government has tentatively embraced foreign labour by launching a digital nomad visa and upskilling initiatives, but immigration remains politically fraught in the largely conservative country. The overall population of the country declined by 0.44 percent from 2023 to about 124.3 million at the start of the year. Last year, Japan recorded 686,061 births - the lowest number since records began in 1899 - while nearly 1.6 million people died, meaning for every baby born, more than two people died. Elderly people aged 65 and over now make up nearly 30% of the population - the second-highest proportion in the world after Monaco, according to the World Bank. The working-age population, defined as those between 15 and 64, has dropped to about 60%. A growing number of towns and villages are hollowing out, with nearly four million homes abandoned over the past two decades, government data released last year showed. The government has spent years trying to increase birth rates with incentives ranging from housing subsidies to paid parental leave. But deep-rooted cultural and economic barriers remain. High living costs, stagnant wages and a rigid work culture deter many young people from starting families. Women, in particular, face entrenched gender roles that often leave them with limited support as primary caregivers. Japan's fertility rate - the average number of children born to a woman over her lifetime - has been low since the 1970s, so experts warn even dramatic improvements now would take decades to bear fruit. World fertility rates in 'unprecedented decline', UN says

Taiwan detains TSMC staff for alleged theft of key technology trade secrets
Taiwan detains TSMC staff for alleged theft of key technology trade secrets

CNN

time2 hours ago

  • CNN

Taiwan detains TSMC staff for alleged theft of key technology trade secrets

Taiwanese authorities have detained three current and former employees of the world's largest chip manufacturer, Taiwan Semiconductor Manufacturing Company (TSMC), for allegedly stealing trade secrets, prosecutors said Tuesday. Law enforcement officers questioned several suspects and witnesses late last month. They searched their homes and detained three of them over 'serious suspicions of violating national security laws,' the intellectual property branch of the Taiwan High Prosecutors Office said on Tuesday. TSMC produces more than 90% of the world's advanced semiconductor chips that power everything from smartphones and artificial intelligence (AI) applications to weapons, with key clients including Apple and Nvidia. After an internal investigation, the major Taiwanese exporter raised suspicions with authorities that its 'core technologies' may have been illegally accessed by former and current staffers. The prosecutor's office said it will probe the motives behind the alleged theft of trade secrets and whether TSMC's proprietary information had been leaked to other parties. It's the first case of its kind since Taiwan tightened its national security law to protect its key technologies in 2022. Nikkei Asia first reported on Tuesday that TSMC had fired staffers suspected of illegally obtaining business secrets related to the manufacturing technology for the company's 2-nanometer chip, the most advanced processor in the semiconductor industry that is expected to go into mass production this year. Super-advanced semiconductor chips are difficult to make because of the high cost of development and the level of knowledge required, meaning much of the production is concentrated in just a handful of suppliers, such as TSMC, Intel, Samsung and Rapidus. TSMC said it discovered the potential trade secret leak after unauthorized activities were detected during routine monitoring. 'TSMC has taken strict disciplinary actions against the personnel involved and has initiated legal proceedings,' the company said in a statement. 'Such violations are dealt with strictly and pursued to the fullest extent of the law.' Taiwanese local media reported that a former TSMC employee now works at top chip manufacturing equipment supplier Tokyo Electron Ltd., and that the Japanese firm's Taiwan office was raided by investigators. On Thursday, Tokyo Electron confirmed it had dismissed an employee of its Taiwan subsidiary who was involved in the case, and said the company was cooperating with authorities. 'As of now, based upon the findings of our internal investigation we have not confirmed any evidence of the respective confidential information shared to any third parties,' it said in a statement. A breach of TSMC's key trade secrets, if proven true, could have national security implications for Taiwan, as it could narrow the technological lead the company has over its competitors in advanced chip manufacturing. TSMC's technological prowess is what fuels the commonly held belief in Taiwan that the island's global dependence on its semiconductors serves as a 'silicon shield' – a deterrent against a potential Chinese invasion, and a leverage in global diplomacy. The tightened legislation, which raised penalties for theft of core technologies and banned the use of them in foreign countries, came after years of incidents of Chinese companies obtaining chip manufacturing knowhow by poaching Taiwanese engineers. This article has been updated with additional information. CNN's John Liu contributed reporting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store