2007 Honda Element Insurance Rates

Cutting costs on Driverscar insurance might be difficult for drivers who have little experience online insurance quotes. People have so many options that it can turn into a real hassle to find a cheaper company.

It’s a good habit to do rate comparisons on a regular basis because car insurance prices are variable and change quite frequently. Just because you found the best quotes on Element insurance at your last renewal you can probably find a better rate now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the quickest way to lower your rates without sacrificing coverage.

The best way we recommend to get rate comparisons is to realize almost all companies pay for the opportunity to quote your coverage. The only thing you need to do is give the companies some data such as if a SR-22 is required, how much coverage you want, whether you are married, and your credit rating estimate. Those rating factors is then sent to multiple companies and they respond with quotes within a short period of time.

Discounts for affordable auto insurance quotes

Auto insurance is not inexpensive, but there’s a good chance there are discounts that you may not even know about. Many of these discounts will be applied automatically when you purchase, but a few must be requested specifically before being credited.

• Discount for New Cars – Adding a new car to your policy can save up to 30% because newer vehicles are generally safer.
• Distant Student – Any of your kids who live away from home at college and leave their car at home could get you a discount.
• Multi-car Discount – Drivers who insure multiple cars or trucks with one company may reduce the rate for each vehicle.
• Discount for Home Ownership – Owning your own home or condo can save a few bucks due to the fact that maintaining a home is proof that your finances are in order.
• Federal Employees – Employees or retirees of the government could qualify for a slight premium decrease on Element insurance depending on your company.
• Active Military Service – Being on active deployment in the military can result in better prices.
• Discount for Swiching Early – Some companies give discounts for signing up before your current policy expires. Ten percent is about the average savings.
• Theft Deterent System – Cars optioned with advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.

You can save money using discounts, but most of the big mark downs will not be given to your bottom line cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears you can get free auto insurance, auto insurance companies aren’t that generous.

A list of companies and a summarized list of policyholder discounts are shown below.

• State Farm offers premium reductions for defensive driving training, Steer Clear safe driver discount, anti-theft, Drive Safe & Save, student away at school, multiple policy, and safe vehicle.
• Liberty Mutual has discounts for newly married, good student, multi-car, hybrid vehicle, new graduate, and teen driver discount.
• American Family discounts include good student, air bags, defensive driver, Steer into Savings, early bird, mySafetyValet, and bundled insurance.
• Progressive offers discounts including online quote discount, multi-policy, continuous coverage, multi-vehicle, and homeowner.
• Farmers Insurance policyholders can earn discounts including homeowner, business and professional, good student, teen driver, bundle discounts, alternative fuel, and switch companies.
• Auto-Owners Insurance may include discounts for group or association, mature driver, paperless, paid in full, and teen driver.
• SAFECO may have discounts that include teen safe driver, multi-car, homeowner, drive less, accident prevention training, and anti-lock brakes.

When getting a coverage quote, ask each company or agent the best way to save money. Some credits might not be available to policyholders in your area. To choose providers with discount rates, click here to view.

Smart consumers can reduce their insurance prices

The best way to find cheaper insurance is to take a look at some of the factors that go into determining the level of your policy premiums. If you know what determines premiums, this empowers consumers to make smart changes that may result in much lower annual insurance costs. Multiple criteria are taken into consideration when premium rates are determined. Most are fairly basic such as your driving history, but other criteria are more obscure such as your marital status or your financial responsibility.

• Does your employer cost you more? – Did you know your insurance rates can be affected by your occupation? Occupational choices like real estate brokers, business owners and financial analysts usually pay higher average rates attributed to intense work situations and lots of time spent at work. Other jobs such as scientists, students and the unemployed receive lower rates on Element insurance.
• Accidents mean higher prices – How you drive influences premium rates substantially. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. Even a single speeding ticket can boost insurance rates forty percent or more. Drivers with careless citations like DUI or reckless driving are required to prove financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
• You might pay higher costs if you are single – Having a spouse actually saves money on insurance. Having a spouse means you’re more stable financially and insurance companies like that married drivers tend to file fewer claims.
• Adjust physical damage deductibles and save – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Honda. Examples of some claims that would be covered are running into the backend of another car, collision with an animal, and windstorm damage. Comprehensive and collision coverage deductibles tell how much the insured will be required to pay if a claim is determined to be covered. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for insurance on Element insurance.
• Do you have enough liability protection? – The liability coverage on your policy kicks in if ever a jury decides you are liable for damages from an accident. Your liability coverage provides you with a defense in court starting from day one. It is affordable coverage compared to other policy coverages, so insureds should have plenty of protection for their assets.

You may need specialized insurance coverage

When it comes to buying the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is unique.

For example, these questions might help in determining whether your personal situation might need professional guidance.

• Is my camper covered by my car insurance policy?
• How much liability coverage do I need in my state?
• Am I covered when delivering products for my home-based business?
• Is motorclub coverage worth it?
• Are my friends covered when driving my car?
• Am I covered when using my vehicle for business?
• When should my teen driver be added to my policy?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form.

Brand name doesn’t guarantee savings

State Farm, Geico and Progressive endlessly run ads on TV and radio. They all seem to advertise claims that drivers can save some big amount if you change to their company. How does every car insurance company offer you a better deal? It’s all in the numbers.

Car insurance companies can use profiling for the type of customer that will not have excessive claims. For instance, a driver they prefer might be over the age of 40, has few claims, and has a short commute. A customer getting a price quote who fits that profile may get the lowest auto insurance rates and will probably save when switching.

Potential insureds who do not match the “perfect” profile will get a higher premium and business going elsewhere. The ad wording is “people that switch” not “everyone who quotes” will save that much if they switch. That’s why companies can truthfully make the claims of big savings. Because each company has a different risk profile, drivers must compare many company’s auto insurance rates. Because you never know the company that will be your best fit.

Auto insurance coverages

Learning about specific coverages of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage – This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance – Liability coverage provides protection from injuries or damage you cause to people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things like emergency aid, court costs, legal defense fees, medical services and attorney fees. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Honda Element.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for short-term medical expenses for funeral costs, nursing services and EMT expenses. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision coverages – Collision coverage will pay to fix damage to your Element caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, hitting a parking meter, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

You can do this!

When searching for the cheapest car insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where someone dropped liability coverage limits only to regret at claim time that it was a big mistake. Your goal is to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.

Drivers switch companies for a number of reasons such as denial of a claim, poor customer service, an unsatisfactory settlement offer and even high rates after DUI convictions. It doesn’t matter why you want to switch finding the right insurance provider can be easier than you think.

Throughout this article, we presented a lot of tips how to lower your 2007 Honda Element insurance prices. The most important thing to understand is the more rate quotes you have, the higher your chance of finding affordable car insurance. You may even find the biggest savings come from a smaller regional carrier.

More information is located at these links:

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Information for Teen Drivers (Geico)
• Understanding your Policy (NAIC.org)
• Older Driver Statistics (Insurance Information Insitute)
• Things to Know Before you Cancel Insurance (Allstate)
• How to Avoid Staged Accidents (State Farm)