Cheaper 2003 Honda Element Insurance Quotes

Finding lower rates for insurance coverage can seem to be challenging for people who are new to comparison shopping online. You have so many options that it can turn into a lot of work to locate the lowest price.

How to Compare Car Insurance Rates

Effectively comparing car insurance prices can take hours if you don’t know the fastest way to get free quotes. You can waste a lot of time talking about coverages with insurance agencies in your area, or you could save time and use online quoting to get pricing more quickly.

Many companies are enrolled in a marketplace that allows shoppers to submit one quote, and each company then returns a price quote based on that information. This prevents consumers from doing quotation requests for each company you want a rate for.

To access this free quoting program, click to open in new window.

The one downside to using this type of form is you don’t know exactly which companies you want to price. So if you prefer to pick specific insurance companies to compare rates, we have assembled a list of companies who write car insurance in your area. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use exactly the same coverage information with each company. If you are comparing mixed coverages it’s impossible to determine the best price for your Honda Element. Just a small difference in limits may cause a big price difference. And when price shopping your coverage, quoting more will improve the odds of getting the best price.

Factors that can influence insurance rates for a Honda Element

It’s important that you understand some of the elements that come into play when calculating your auto insurance rates. Having a good understanding of what influences your rates enables informed choices that can help you get lower auto insurance prices.

  • Don’t skimp on liability – Liability coverage provides coverage when a court rules you are at fault for damages from an accident. It provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
  • Your car’s features help determine rates – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Older drivers pay less – Teen drivers are statistically proven to be more careless behind the wheel so auto insurance rates are higher. Parents adding a teen driver onto a policy can break the bank. Older drivers are viewed as being more responsible, tend to file fewer claims and get fewer tickets.
  • Males pay more for insurance – The statistics show that men are more aggressive behind the wheel. However, don’t assume that men are worse drivers. Both sexes have accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like reckless driving and DUI.
  • Where you reside plays a part – Residing in less populated areas can save you money when buying auto insurance. City drivers regularly have traffic congestion and much longer commute distances. Lower population means fewer accidents and a lower car theft rate.
  • Credit scores impact auto insurance rates – Having a bad credit score is a important factor in determining what you pay for auto insurance. People with excellent credit tend to be more responsible than drivers who have poor credit. So if your credit is low, you could save money insuring your 2003 Honda Element by improving your credit score.

Discounts mean cheaper 2003 Honda Element insurance rates

The cost of insuring your cars can be expensive, but companies offer discounts to reduce the price significantly. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be inquired about prior to getting the savings.

  • Discount for Good Grades – This discount can get you a discount of up to 25%. This discount can apply up to age 25.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
  • Life Insurance Discount – Some companies give a break if you buy life insurance.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiring. The savings is around 10%.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less since new cars are generally safer.
  • Government Employees – Employees or retirees of the government can earn a discount up to 10% on Element coverage with certain companies.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you could get a discount of approximately 10% to 15%.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more on Element coverage than their less cautious counterparts.
  • Clubs and Organizations – Participating in a civic or occupational organization is a good way to get lower rates on your policy on Element coverage.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school.

Consumers should know that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky. Any amount of discount will cut the amount you have to pay.

A partial list of companies that may have some of the above discounts include:

It’s a good idea to ask each company which discounts they offer. All car insurance discounts might not apply in your state.

Tailor your coverage to you

When it comes to buying proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions may help highlight whether you would benefit from an agent’s advice.

  • Can I rate high risk drivers on liability-only vehicles?
  • Is my 2003 Honda Element covered for flood damage?
  • Am I covered when driving on a suspended license?
  • Should I get collision insurance on every vehicle?
  • What vehicles should carry emergency assistance coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I getting all the discounts available?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

What car insurance coverages do you need?

Knowing the specifics of car insurance aids in choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Auto liability

This can cover damage or injury you incur to other people or property. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like legal defense fees, structural damage, emergency aid and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills for ambulance fees, pain medications, dental work, prosthetic devices and chiropractic care. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. 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. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Auto collision coverage

This coverage covers damage to your Element caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as rolling your car, colliding with another moving vehicle, crashing into a ditch, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, falling objects and hail damage. The maximum payout your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Quote more, save more

Low-cost 2003 Honda Element insurance is definitely available online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. A few companies do not provide online quoting and these small, regional companies work with independent agents.

Insureds switch companies for any number of reasons including extreme rates for teen drivers, questionable increases in premium, being labeled a high risk driver and delays in paying claims. It doesn’t matter why you want to switch choosing a new insurance company is actually quite simple.

In this article, we covered a lot of techniques to reduce insurance prices online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding lower rates. You may even find the best prices are with a lesser-known regional company.

Helpful information