View 2005 Honda Element Car Insurance Rates

No one likes having to buy insurance coverage, in particular when they are paying too much. Insurance companies such as State Farm, Allstate, Geico and Progressive continually hit you with ad campaigns and it is challenging if not impossible to see past the corporate glitz and effectively compare rates to find the best deal.

If you are insured now or are looking for a new policy, you can follow these tips to shop for the lowest rates and still get good coverage. Buying car insurance is quite easy. Consumers just need to know the proper way to compare company rates online.

Policy discounts you shouldn’t miss

Companies offering auto insurance don’t always advertise all available discounts in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find insurance coverage savings. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Sign Early and Save – Select companies give a discount for switching to them before your current policy expires. It can save you around 10%.
  • Accident Free – Drivers with accident-free driving histories can save substantially when compared to accident-prone drivers.
  • Clubs and Organizations – Affiliation with certain professional organizations is a good way to get lower rates on your policy for Element coverage.
  • Use Seat Belts – Buckling up and requiring all passengers to wear their seat belts could save 15% off your medical payments premium.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Safety Course Discount – Taking a defensive driving course could cut 5% off your bill if you qualify.
  • Homeowners Discount – Simply owning a home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
  • Auto/Life Discount – Some companies give better rates if you take out life insurance from them.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.

Keep in mind that most discount credits are not given the the whole policy. Some only apply to individual premiums such as physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.

A partial list of companies that may offer these discounts include:

Check with each insurance company how you can save money. Discounts might not apply in every state.

The quickest method we recommend to compare policy rates is to know the trick most of the larger companies pay for the opportunity to compare rate quotes. All consumers are required to do is give them some information including how your vehicles are used, driver details, if you went to college, and your occupation. That information is instantly sent to many of the top insurers and you will receive price estimates very quickly.

To find lower rates now, click here and complete the form.

Factors that can influence Honda Element insurance rates

Consumers need to have an understanding of the different types of things that come into play when calculating your insurance coverage rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that could result in lower insurance coverage prices.

The list below includes some of the factors used by your company to calculate premiums.

  • Equipment add-ons that lower insurance coverage rates – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
  • Having a spouse can save you money – Getting married can actually save you money on insurance coverage. It translates into being more mature and responsible and it’s proven that married drivers get in fewer accidents.
  • Your occupation can affect rates – Did you know your occupation can influence how much you pay for insurance coverage? Occupations like doctors, architects and stock brokers are shown to have the highest rates due to stressful work requirements and lengthy work days. On the other hand, occupations such as farmers, students and homemakers pay the least for Element coverage.
  • Men pay higher rates – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women cause accidents in similar percentages, but the men cause more damage. Men also statistically get cited for more serious violations like DUI and reckless driving. Teenage male drivers are most likely to cause an accident and are penalized with high insurance coverage rates.
  • Tickets mean higher rates – Your driving record has a lot to do with how much you pay for insurance. Careful drivers tend to pay less for car insurance than bad drivers. Even a single ticket can boost insurance rates forty percent or more. Drivers who get serious violations like reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Your credit rating is important – Credit score is a important factor in determining your rates. Therefore, if your credit rating is lower than you’d like, you could pay less to insure your 2005 Honda Element by improving your rating. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with poor credit.
  • Do you have enough liability coverage? – Liability coverage provides coverage if ever you are found to be at fault for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • An active claims history can cost you – If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Insurance companies generally give lower rates to insureds who are claim-free. Your insurance policy is meant to be used in the event of the large, substantial claims.

Insurance agents can help

When it comes to choosing proper insurance coverage, there really is not a one size fits all plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions can aid in determining if your situation would benefit from professional advice.

  • What is PIP insurance?
  • Is my 2005 Honda Element covered for flood damage?
  • Can my teen drive my company car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • At what point should I drop full coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does coverage extend to a rental car in a foreign country?
  • Are my friends covered when driving my car?
  • Is a blown tire covered by insurance?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Beware of misleading insurance ads

Consumers get pounded daily by advertisements for cheaper car insurance from the likes of State Farm and Allstate. They all make the same claim that you can save if you switch your coverage to them.

How do they all make almost identical claims? This is how they do it.

Insurance companies have a certain “appetite” for the right customer that is profitable for them. An example of a preferred risk might be over the age of 50, has no prior claims, and has a short commute. Any new insured who matches those parameters will get very good rates and as a result will probably save when switching.

Potential insureds who do not match the requirements must pay a more expensive rate and ends up with business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save that much money. That’s why companies can truthfully state the savings. This illustrates why you should get a wide range of price quotes. It is impossible to predict which insurance company will fit your personal profile best.

Car insurance coverage specifics

Understanding the coverages of car insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on the average car insurance policy.

Auto collision coverage

This will pay to fix damage to your Element resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills such as chiropractic care, funeral costs and surgery. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Liability

This coverage provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as court costs, loss of income and bail bonds. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from a tornado or hurricane, vandalism, fire damage and hitting a deer. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

At the end of the day…

Cost effective 2005 Honda Element insurance can be sourced from both online companies in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and these small, regional companies work with independent agents.

Throughout this article, we presented a lot of ways to shop for insurance online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. Drivers may discover the best prices are with a small local company. Regional companies may often insure only within specific states and give getter rates compared to the large companies like State Farm, Geico and Nationwide.

More detailed car insurance information can be found in the articles below: