JGBs Consolidate, With Focus on U.S.-Japan Trade Talks
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Bakkt Expands Global Bitcoin Play With 30% Stake in Japan's Marusho Hotta
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CNBC
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Honda now offers car insurance
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 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 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.
