Compare 2003 Honda Element Insurance Cost

Want better insurance coverage rates for your Honda Element? Overpriced Honda Element insurance can drain your bank account and force you to make sacrifices. Comparing price quotes is a great way to reduce premiums and put more money in your pocket. Since consumers have many online and local companies to choose from, it can be challenging to locate the cheapest company.

Policy discounts you shouldn’t miss

Auto insurance companies do not list every discount in an easy-to-find place, so we researched both the well known and the more hidden discounts you could be receiving. If they aren’t giving you every credit possible, you are throwing money away.

  • Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • Memberships – Participating in certain professional organizations could trigger savings on your policy on Element insurance.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Homeowners Pay Less – Owning a house may trigger a insurance policy discount because of the fact that having a home is proof that your finances are in order.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.

Keep in mind that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, you’re out of luck.

Insurance companies who might offer these money-saving discounts include:

Check with all companies you are considering which discounts they offer. Some discounts might not apply everywhere.

Low Cost Auto Insurance

Cutting your auto insurance rates is surprisingly easy. All you need to do is spend a few minutes to compare rate quotes online from several insurance companies. This can be done in several different ways.

The first (and easiest) way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This easy form eliminates the need for a different quote for each company. One form will get you price quotes direct from many companies.

A slightly less efficient method to compare rate quotes requires a trip to the website for each individual company and fill out their own quote form. For example, let’s say you want rates from USAA, 21st Century and Liberty Mutual. To find out each rate you need to visit each site to input your insurance information, which is why the first method is quicker.

For a list of links to companies insuring cars in your area, click here.

The hardest method of getting rate comparisons is driving around to different agent offices. The internet can eliminate the need for a local agent unless you want the trained guidance that only a license agent can provide. You can, however, price shop your coverage online and get advice from an agent in your area.

Whichever way you use, ensure you’re using the exact same coverages and limits on every quote. If the quotes have different limits and deductibles on each one it will be very difficult to determine the lowest rate for your Honda Element.

Honda Element insurance rates consist of many parts

An important part of buying insurance is that you know some of the elements that come into play when calculating your car insurance rates. Knowing what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Younger drivers pay higher rates – Young drivers are statistically proven to be more careless in a vehicle so car insurance rates are higher. Mature drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Men fork out a little more – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women are in accidents in similar percentages, but the men cause more damage. Men also statistically receive more costly citations like DUI and reckless driving. Young males are most likely to cause an accident and are penalized with high car insurance rates.
  • Do you need the policy add-ons? – There are a lot of extra bells and whistles that you can get tricked into buying when buying car insurance. Insurance for roadside assistance, accidental death and membership fees are examples of these. They may seem like a good idea when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Do you have enough liability coverage? – The liability section of your policy provides coverage if ever you are found to be at fault for personal injury or accident damage. Liability insurance provides you with a defense in court up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.

Insurance agents can help

When choosing adequate coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that could help you determine if you may require specific advice.

  • How much can I save by bundling my policies?
  • What is the ISO rating for a 2003 Honda Element?
  • What is roadside assistance coverage?
  • Am I covered when pulling a rental trailer?
  • Should I put collision coverage on all my vehicles?
  • What happens if I owe more than my 2003 Honda Element is worth?
  • Am I covered when driving a rental car?
  • How do I insure my teen driver?
  • Do I pay less if my vehicle is kept in my garage?
  • Is a new car covered when I drive it off the dealer lot?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Do drivers who switch really save $480 a year?

Consumers can’t get away from ads for car insurance savings by GEICO, State Farm and Progressive. They all make an identical promise that you’ll save big if you change to their company.

How can each company claim to save you money? It’s all in the numbers.

Different companies are able to cherry pick for the type of customer that is profitable for them. A good example of a driver they prefer might be profiled as between the ages of 30 and 50, owns a home, and has excellent credit. A customer who matches those parameters is entitled to the best price and most likely will save quite a bit of money when switching.

Potential insureds who do not match these standards will have to pay more money which usually ends up with business going elsewhere. The ad wording is “people who switch” not “people who quote” save money. That’s why insurance companies can advertise the savings. Because of the profiling, you should get as many quotes as possible. It’s impossible to know which company will fit your personal profile best.

Auto insurance coverages and their meanings

Having a good grasp of a auto insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on most auto insurance policies.

Liability insurance – This protects you from injuries or damage you cause to other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as medical expenses, pain and suffering, repair bills for other people’s vehicles and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for nursing services, hospital visits and ambulance fees. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision – This pays for damage to your Element caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as backing into a parked car, hitting a parking meter and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like falling objects, damage from flooding and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Honda Element.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Be a penny pincher

As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. Too many times, an insured cut physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

We covered a lot of information how to shop for 2003 Honda Element insurance online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the best price on auto insurance is with some of the lesser-known companies. These companies may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.

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