Cheaper 2005 Honda Element Insurance Rates

Sick and tired of scraping the payment together each month for car insurance? You’re in the same situation as many other drivers. With so many options when it comes to auto insurance, it can be hard to choose the right car insurance company.

Choosing the best insurance company for you is not that difficult. If you have car insurance now, you stand a good chance to be able to save some money using this strategy. Drivers just need to understand the best way to get comparison rates online.

Complexity of Honda Element insurance rates

It’s important that you understand the factors that help determine car insurance rates. Having a good understanding of what influences your rates enables informed choices that will entitle you to lower car insurance prices.

The following are some of the items car insurance companies consider when setting prices.

  • Males pay more for insurance – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men have accidents in similar numbers, but the males have costlier accidents. They also get cited for more serious violations like reckless driving and DUI. Young males are most likely to cause an accident and therefore have the most expensive car insurance rates.
  • How’s your driving record? – Your driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets have lower premiums than people who have multiple driving citations. Only having one ticket can bump up the cost forty percent or more. Drivers who get severe violations such as DUI or reckless driving may be required to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
  • Where you live can impact rates – Residing in less populated areas has it’s advantages when talking about car insurance. Fewer people translates into fewer accidents and a lower car theft rate. City drivers have congested traffic and a longer drive to work. More time commuting can result in more accidents.
  • With age comes lower rates – Mature drivers are more responsible, tend to cause fewer accidents and are safer drivers. Teenage drivers are known to get distracted easily in a vehicle therefore car insurance rates are much higher.
  • One company can mean more discounts – Many companies give discounts to customers who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to compare rates to make sure you are getting the best deal. You may still find a better deal by insuring with multiple companies.
  • Frequent car insurance claims increase rates – Auto insurance companies give cheaper rates to people who file claims infrequently. If you tend to file frequent claims, you can expect higher rates. Auto insurance is designed for larger claims.

Compare Auto Insurance Costs

Finding a lower price on 2005 Honda Element insurance is actually quite simple. All you need to do is spend a few minutes to compare quotes online with multiple companies. This is very easy and can be done in several different ways.

  1. The recommended way to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This type of form eliminates the need for separate forms for every auto insurance company. Just one form compares rates from many national carriers.
  2. A more time consuming way to find lower rates is going to each individual company website to request a price quote. For instance, let’s say you want to compare rates from Auto-Owners, State Farm and Liberty Mutual. To get rate quotes you would need to take the time to go to each site and enter your information, which is why the first method is more popular.

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

  3. The most time-consuming method to compare rates is to spend time driving to insurance agents’ offices. The internet has reduced the need for local agents unless you have a need for the trained guidance of a local agent. However, consumers can find lower rates online and still use a local agent.

Whichever method you choose, make darn sure you compare exactly the same coverages and limits with every price quote. If each company quotes different liability limits you can’t possibly make a fair comparison for your Honda Element.

Save money by taking advantage of these discounts

Companies do not advertise every discount very well, so the following is a list of some of the more common and the more hidden insurance savings. If you don’t get every credit available, you are throwing money away.

  • Save over 55 – Older drivers can possibly qualify for better insurance rates on Element coverage.
  • Good Student Discount – Performing well in school can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% off the personal injury premium cost.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Organization Discounts – Belonging to a qualifying organization is a good way to get lower rates on your policy on Element coverage.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more on Element coverage than less cautious drivers.

It’s important to note that most discounts do not apply to all coverage premiums. Most cut the cost of specific coverages such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, it just doesn’t work that way.

Car insurance companies that possibly offer these discounts are:

Check with each company how you can save money. Some discounts might not be offered in every state.

When should I use an insurance agent?

When choosing adequate coverage, there isn’t really a one size fits all plan. Each situation is unique so your insurance needs to address that. For instance, these questions might help in determining whether or not you might need an agent’s assistance.

  • Do I have any recourse if my insurance company denies a claim?
  • Are all vehicle passengers covered by medical payments coverage?
  • Am I covered if I hit a deer?
  • Does my policy pay for OEM or aftermarket parts?
  • Is my camper covered by my car insurance policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Does having multiple vehicles earn me a discount?
  • What happens if I owe more than my 2005 Honda Element is worth?
  • I have a DUI can I still get coverage?
  • Does insurance cover damages from a DUI accident?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Car insurance coverages 101

Learning about specific coverages of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages available from car insurance companies.

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability can pay for things such as repair costs for stationary objects, loss of income and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, vandalism, hitting a deer and rock chips in glass. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a parking meter, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Coverage for medical payments

Med pay and PIP coverage pay for immediate expenses for ambulance fees, nursing services, X-ray expenses, EMT expenses and prosthetic devices. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Honda Element.

Since many drivers 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.

More quotes mean more savings

When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. In many instances, someone dropped liability limits or collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.

Cost effective 2005 Honda Element insurance can be found online and also from your neighborhood agents, and you should compare price quotes from both to have the best selection. Some insurance coverage companies may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

More detailed insurance coverage information is available in these articles: