2004 Honda Element Insurance Quotes – 5 Tips to Save

Are you tired of sacrificing other expenses to insure your Honda every month? You’re in the same situation as the majority of other drivers. Companies like Geico, 21st Century and Progressive increase brand awareness with advertising and it can be hard to ignore the flashy ads and take the time to shop coverage around.

It’s important to do price comparisons before your policy renews since prices are rarely the same from one policy term to another. Even if you got the best rates for Element insurance six months ago there is a good chance you can find better rate quotes now. There is lot of inaccurate information about insurance out there, but in this article, you’re going to get some of the best ways to put money back in your pocket.

If you have insurance now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers only need to know the best way to compare price quotes on the web.

The quickest method to compare car insurance company rates is to understand most larger insurance companies provide online access to give free rates quotes. All consumers are required to do is take a few minutes to give details such as if a SR-22 is required, your job, if you went to college, and how much you drive. Those rating factors is sent automatically to many highly-rated insurers and you get price estimates almost instantly.

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Can you really save that much by switching?

Consumers can’t avoid all the ads that promise big savings for switching by companies like State Farm, Allstate and Geico. They all seem to seem to make the promise about how much you will save if you get a free insurance quote and switch your coverage to them.

It sounds good, but how can they all make the same claim? This is how they do it.

Insurance companies look for specific characteristics for a prospective insured that will add to their bottom line. A good example of a desirable insured may need to be between the ages of 30 and 45, has a clear driving record, and drives a car with an anti-theft system. A customer who fits those characteristics will get very good prices and will pay quite a bit less when switching companies.

People who don’t qualify for the requirements will be charged a higher premium and ends up with the customer buying from someone else. The ads state “customers who switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can confidently make those statements.

This illustrates why you should compare many company’s prices. It is impossible to predict which company will provide the lowest premium rates.

Do you qualify for these five discounts?

Companies that sell car insurance don’t list their entire list of discounts in a way that’s easy to find, so the following is a list of a few of the more common as well as the least known auto insurance savings.

  • ABS and Traction Control Discounts – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
  • E-sign Discounts – A few larger online companies give back up to $50 for buying your policy online.
  • Early Switch Discount – Select larger companies give a discount for buying a policy prior to your current policy expiring. Ten percent is about the average savings.
  • Accident-Free Discounts – Drivers who don’t have accidents can earn big discounts compared to drivers who are more careless.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in school or through a local driver safety program.

As a sidenote, most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears you would end up receiving a 100% discount, you won’t be that lucky.

A list of auto insurance companies and some of the premium reductions they offer are included below.

  • Geico includes discounts for anti-lock brakes, membership and employees, good student, daytime running lights, and five-year accident-free.
  • Travelers offers discounts for driver training, payment discounts, student away at school, save driver, home ownership, and good student.
  • Nationwide may include discounts for accident-free, easy pay, multi-policy, Farm Bureau membership, business or organization, anti-theft, and defensive driving.
  • Farmers Insurance discounts include alternative fuel, early shopping, switch companies, good student, pay in full, distant student, and teen driver.
  • Esurance has savings for renters, anti-lock brakes, multi-policy, defensive driver, good student, and safety device.
  • State Farm offers premium reductions for Drive Safe & Save, student away at school, Steer Clear safe driver discount, good driver, anti-theft, and safe vehicle.
  • Progressive has discounts for online signing, multi-policy, homeowner, multi-vehicle, good student, online quote discount, and continuous coverage.
  • Mercury Insurance may offer discounts for anti-theft, ease of repair, annual mileage, good student, age of vehicle, accident-free, and good driver.

When getting a coverage quote, ask every prospective company which discounts can lower your rates. A few discounts might not be offered on policies everywhere. To see a list of companies with discount rates, click here.

Don’t assume everyone needs the same car insurance coverage

When choosing the right insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions could help you determine whether you will benefit from professional help.

  • How do I insure my teen driver?
  • Should I buy more coverage than the required minimum liability coverage?
  • How does medical payments coverage work?
  • Does my policy cover me when driving someone else’s vehicle?
  • Will filing a claim cost me more?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Understanding the coverages of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from colliding 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 claims such as crashing into a ditch, colliding with another moving vehicle and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as theft, damage from a tornado or hurricane and falling objects. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Honda Element.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Normally these coverages are identical to your policy’s liability coverage.

Liability auto insurance

Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like funeral expenses, medical services and attorney fees. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Insurance for medical payments

Med pay and PIP coverage provide coverage for expenses for things like pain medications, ambulance fees and prosthetic devices. They can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

One last thing

You just read many ways to get a better price on 2004 Honda Element insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even discover the lowest prices are with an unexpected company. Regional companies may cover specific market segments cheaper compared to the large companies like Geico and State Farm.

A few companies may not offer rate quotes online and many times these regional insurance providers prefer to sell through local independent agencies. Lower-priced insurance is available from both online companies as well as from insurance agents, and you should be comparing both to have the best selection.

As you quote insurance, never buy less coverage just to save a little money. There have been many situations where drivers have reduced liability coverage limits only to regret at claim time they didn’t have enough coverage. Your aim should be to buy the best coverage you can find at the best cost, not the least amount of coverage.

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