I think that is a very high price.  Go to an independent mechanic.

There is a radio program that is generally about repairing cars that
has a database of mechanics across the country that people have
used and recommend.  You might want to look at that.

http://cartalk.com/content/mechx/

My mother, who is gone now, had an 84 Plymouth Reliant.  The timing
belt finally broke last month at 23 years and 127,000 miles.

Don't you think Honda engineers know better when to change it than the shade
tree experts here. If it breaks the engine will be shot. Do you want to take
that chance. 800-1000 seems to be the dealer going price for belts, water
pump, etc. The water pump should be replaced at the same time as the belt
because if it goes the same parts have to be removed and it will be another
$800.

My father-in-law (88 years old) is in a quandry re: whether to change
his timing belt on a 1999 Honda Accord V-6.  The car only has 53K
miles on it and has been serviced regularly, but the service manual
recommends a change at 7 years.  The car is driven on a regualr basis
but not too far and is kept in a heated garage.

When asked about the longevity of the belt basis on age rather than
mileage, the dealer kind of hem & hawed saying that there was about a
33% chance the belt would break if not changed now.

I wanted to survey this group for your recommendations based on your
experience.  Also, I have heard that when a belt breaks on a Honda
while being driven, engine damage is likely.  Is this true?  Finally,
the dealer has quoted $850 to change this belt.  Is this a fair price?

TIA - Tom