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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
Virgie Key
Anyone buy from AAA? I’m in Charlotte, NC.
Sharita Rodriguez
I got decent rates for a 2007 Honda Element in Cranston, Rhode Island. Ended up at darn near $560 every six months with Amica. Insured with MetLife before. I even had a DUI years ago.
Bud Mcfadden
I’m in the suburbs of Mesa, AZ. Can’t remember who all I quoted but I ended up saving about $30 each month. Not sure if rates are cheaper online or not.
Tabatha Barrera
Anyone find cheap rates around Pittsburgh, PA?
Matt Collier
Good detail in your article. I live in Sioux Falls, South Dakota. Quoted prices online for a 2007 Honda Element. Ended up at about $330 savings annually. Went with 21st Century. Online quotes are the way to go.
Anamaria Willis
Lots of good stuff here. Located in Springfield, Missouri. Got rates from State Farm, GMAC, and Esurance for my 2007 Honda Element and I think I am saving around $30 each month. Online quotes are the way to go.
Whitney Gray
Hope my car insurance gets cheaper. Got a quote with Hanover for my Honda and saved about $390 a year. Left USAA to switch. I’m a pretty good driver though. I used their online quote form to compare rates.
Luz Dalton
If you’re from Warwick, Rhode Island get quotes from Allstate and Progressive and you might save.
Ira Landry
I live north of Rochester, MN. I compared lots of rates. Saved darn near $70 a month. GEICO was the best choice for me. I increased coverages a little too.
Ali Head
Corporate greed I’m telling you. I’m just east of Saint Louis, Missouri. Got free quotes online for a 2007 Honda Element. Ended up at about $160 savings annually. Went with Allstate. Hopefully won’t need it. Just go online and compare their rates.
Marco Chen
I chose to switch to Progressive from Amica. I live in Minneapolis, MN. I got prices on the web.