2008 Honda Element Insurance Quotes – 10 Tips for Best Rates

Are you regretting the purchase of an overpriced insurance coverage policy? It’s quite common and many drivers feel the same as you.

Consumers have multiple insurance companies to purchase coverage from, and although it’s nice to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

Consumers need to get comparison quotes before your next renewal because insurance coverage rates tend to go up over time. Even if you got the lowest premium rates for Element coverage last year there is a good chance you can find better prices now. Forget all the misinformation about insurance coverage because we’re going to show you the fastest way to properly buy coverages and cut your premium.

The purpose of this post is to help educate you on the best way to quote coverages and some tips to save money. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. But consumers can benefit from knowing how big insurance companies determine prices and take advantage of how the system works.

Get lower rates with these ten discounts

Insuring your vehicles can cost a lot, but you might find some hidden discounts that you may not even know about. Some discounts will apply when you quote, but a few must be asked about in order for you to get them.

  • Multiple Policy Discount – When you have multiple policies and insure them both with the same insurance company you could save nearly 15% which can help you find the cheapest auto insurance.
  • Data Collection Discounts – Insureds that choose to allow their insurance company to monitor driving habits by using a telematic data system such as State Farm’s In-Drive could save a few bucks as long as they are good drivers.
  • Renewal Discounts – A few larger companies give discounts for switching policies prior to the expiration date on your current policy. You can save around 10% with this discount.
  • Full Payment Discount – If paying your policy premium upfront rather than paying in monthly installments you may reduce your total bill.
  • Service Members Pay Less – Being on active duty in the military may lower your premium rates slightly.
  • 55 and Retired – Drivers that qualify as senior citizens could receive lower premium rates for Element coverage.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle up before driving may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • ABS Brakes – Cars that have anti-lock braking systems can reduce accidents so you can save 10 percent or more.
  • Discounts for New Vehicles – Buying a new car instead of a used car can save you some money compared to insuring an older model.
  • No Accidents – Insureds who avoid accidents and claims can save substantially in comparison to frequent claim filers.

While discounts sound great, it’s important to understand that many deductions do not apply the the whole policy. Most only apply to specific coverage prices like liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, you’re out of luck.

Large car insurance companies and their offered discounts can be found below.

  • 21st Century may offer discounts for automatic seat belts, 55 and older, theft prevention, student driver, and driver training.
  • State Farm policyholders can earn discounts including safe vehicle, defensive driving training, good driver, driver’s education, anti-theft, Drive Safe & Save, and Steer Clear safe driver discount.
  • AAA discounts include pay-in-full, anti-theft, multi-car, good student, good driver, and multi-policy.
  • Liberty Mutual offers discounts for new move discount, preferred payment discount, newly retired, new graduate, multi-car, good student, and safety features.
  • Progressive may include discounts for multi-policy, multi-vehicle, good student, online signing, and online quote discount.

Double check with every company which discounts can lower your rates. Some credits may not be available in your state.

Insurance can be complex

When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if your situation may require specific advice.

  • Should I waive the damage coverage when renting a car?
  • Where can I find high-risk insurance?
  • Are my friends covered when driving my car?
  • Who is covered when they drive my 2008 Honda Element?
  • Why am I required to get a high-risk car insurance policy?
  • Will filing a claim cost me more?
  • How much liability coverage do I need in my state?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance coverages 101

Understanding the coverages of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on most car insurance policies.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, damage from a tornado or hurricane, hail damage and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability insurance

Liability insurance will cover damage or injury you incur to a person or their property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as funeral expenses, repair costs for stationary objects, court costs and medical services. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like pain medications, rehabilitation expenses, EMT expenses and ambulance fees. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Honda Element.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage protection

Collision coverage covers damage to your Element resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, scraping a guard rail and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Compare but don’t skimp

We covered a lot of techniques to get a better price on 2008 Honda Element insurance. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your premium rates. You may even discover the best price on insurance coverage is with the least-expected company. These companies may cover specific market segments cheaper as compared to the big name companies such as Geico and State Farm.

Budget-friendly insurance coverage can be bought both online as well as from independent agents, so get free auto insurance quotes from both of them to get a complete price analysis. A few companies may not provide price quotes online and these smaller companies prefer to sell through independent agencies.

As you restructure your insurance plan, do not reduce needed coverages to save money. There are a lot of situations where drivers have reduced full coverage only to discover later they didn’t purchase enough coverage. Your aim should be to purchase plenty of coverage for the lowest price and still be able to protect your assets.

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