Compare 2010 Honda Element Car Insurance Rates

Searching for lower insurance rates for your Honda Element? Feel like you have high-priced insurance? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Many car insurance companies compete for your insurance dollar, so it’s not easy to compare every company to discover the definitive best rates possible.

If you have insurance now or are just looking to switch companies, you will benefit by learning to cut your premiums while maximizing coverage. Finding affordable coverage is not that difficult. Drivers just need to know the best way to shop online.

Use discounts to get cheaper car insurance rates

Car insurance companies do not list every possible discount in a way that’s easy to find, so we took the time to find both well-publicized and also the more inconspicuous discounts that you may qualify for. If you are not receiving all the discounts possible, you may be paying too high a price.

• Discounts for Good Drivers – Safe drivers can save as much as half off their rates on Element insurance than their less cautious counterparts.
• Student Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in school.
• No Claims – Drivers who stay claim-free can save substantially as compared to accident-prone drivers.
• Anti-theft System – Anti-theft and alarm system equipped vehicles can help prevent theft and qualify for as much as a 10% discount.
• Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts could save 15% off the PIP or medical payment premium.
• Low Mileage Discounts – Driving fewer miles may allow you to get lower prices due to less chance of an accident.
• E-sign – Many insurance companies provide a small discount for buying a policy and signing up on their website.
• Save with a New Car – Putting coverage on a new car can cost up to 25% less since new model year vehicles have better safety ratings.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though you would think it’s possible to get free car insurance, it just doesn’t work that way.

The best car insurance companies and their offered discounts are:

• Farm Bureau may offer discounts for driver training, multi-vehicle, youthful driver, safe driver, multi-policy, and good student.
• State Farm may include discounts for anti-theft, accident-free, good driver, multiple autos, and Drive Safe & Save.
• Progressive includes discounts for multi-vehicle, continuous coverage, online signing, homeowner, online quote discount, and multi-policy.
• Allstate policyholders can earn discounts including economy car, utility vehicle, EZ pay plan discount, premier plus, premier discount, and resident student.
• Nationwide offers premium reductions for business or organization, Farm Bureau membership, easy pay, defensive driving, anti-theft, accident-free, and multi-policy.
• MetLife may have discounts that include accident-free, multi-policy, good student, good driver, defensive driver, claim-free

When getting a coverage quote, ask every insurance company which discounts you may be entitled to. A few discounts may not apply to policyholders in your state.

How insurers calculate Honda Element insurance rates

Part of the car insurance buying process is learning the factors that help determine your premiums. When you understand what impacts premium levels, this enables informed choices that may reward you with lower rates.

The following are some of the most rate-impacting factors car insurance companies consider when setting your rates.

• Advanced theft deterrents – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent auto theft and help lower rates.
• Continuous car insurance coverage lowers rates – Allowing your car insurance policy to lapse is a sure-fire way to increase your car insurance rates. Not only will you pay more, not being able to provide proof of insurance might get you a steep fine or even jail time.
• Single drivers take more risk – Getting married helps lower the price when buying car insurance. Having a significant other is viewed as being more stable financially and statistics prove drivers who are married file infrequent claims.
• Commute or pleasure use – The more you drive your Honda in a year the higher your rates will be. A lot of insurance companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that are left in the garage can get a lower rate than vehicles that have high annual mileage. Verify your car insurance policy is showing annual mileage. An incorrectly rated Element is just wasting money.
• Too many policy claims and you’ll pay more – If you file claims often, don’t be surprised to see higher premiums or even policy non-renewal. Insurance companies generally give better rates to drivers who do not rely on their insurance for small claims. Auto insurance is intended for claims that you cannot pay yourself.
• Cheaper rates by combining – Many insurance companies will give a discount to people who carry more than one policy, otherwise known as a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount applied, it’s in your best interest to get quotes from other companies to verify if the discount is saving money.There is a good possibility that you can find a better deal by splitting coverages up.
• Women tend to cost less – Over time, data shows women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Males and females cause auto accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Not only that, but men also get ticketed for serious violations such as reckless driving. Teenage male drivers tend to get in the most accidents and therefore have the most expensive car insurance rates.

Tailor your insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For example, these questions might help in determining if your situation may require specific advice.

• Should I have combined single limit or split liability limits?
• Will filing a claim cost me more?
• I don’t drive much so do I pay less?
• What is covered by UM/UIM coverage?
• Can I afford to pay high deductible claims out of pocket?
• Do I have coverage when using my vehicle for my home business?
• Is my vehicle covered by my employer’s policy when using it for work?
• How does medical payments coverage work?
• When should I remove comp and collision on my 2010 Honda Element?
• I have good health insurance, so how much medical payments coverage do I need?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, free and can help protect your family.

Car insurance policy coverages for a Honda Element

Learning about specific coverages of a car insurance policy can help you determine which coverages you need for your vehicles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on most car insurance policies.

Collision protection

Collision insurance covers damage to your Element resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like rolling your car, driving through your garage door, colliding with another moving vehicle, crashing into a building and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like pain medications, hospital visits, funeral costs and surgery. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Liability

Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as funeral expenses, repair bills for other people’s vehicles and loss of income. How much coverage you buy is your choice, but consider buying as large an amount as possible.

UM/UIM Coverage

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, theft and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Make a quick buck

When you buy insurance online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, an insured cut physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find for the lowest price, but do not skimp to save money.

You just learned a lot of ways to save on 2010 Honda Element insurance. The key thing to remember is the more price quotes you have, the higher your chance of finding affordable insurance. Consumers could even find that the best price on car insurance is with the smaller companies. Some small companies often have lower premium rates on specific markets compared to the large companies like State Farm and Allstate.

Additional information can be read on the following sites:

• Auto Theft Statistics (Insurance Information Insitute)
• Airbag FAQ (iihs.org)
• State Car Insurance Guides (Geico)
• How do I File a Claim? (Insurance Information Insitute)
• Uninsured Motorist Statistics (Insurance Information Insitute)