2003 Honda Element Insurance Quotes

Being forced to pay for high-priced car insurance premiums can diminish your monthly budget and make it hard to pay other bills. Doing a price comparison can help to tighten up your finances.

Due to the increasing number of options, it can be impossible to choose the lowest cost car insurance company.

Buying car insurance is not that difficult. In a nutshell, everyone who shops for car insurance will most likely be able to find better rates. But consumers must understand how big insurance companies market insurance on the web because it can help you find the best coverage.

Get cheaper auto insurance quotes with discounts

Insuring your fleet can be pricey, but you might already qualify for some discounts to cut the cost considerably. Certain discounts will be applied when you purchase, but once in a while a discount must be asked for in order for you to get them.

• Include Life Insurance and Save – Not all auto insurance companies offer life insurance, but some may give you a discounted auto insurance rate on car insurance if you buy auto and life insurance together.
• Anti-lock Brake Discount – Cars and trucks with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
• E-sign Discounts – A handful of companies provide a small discount for completing your application on your computer.
• Waiver for an Accident – This isn’t a discount exactly, but some insurance companies permit an accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
• Bundle and Save – If you have multiple policies and insure them with the same company you may save up to 20% off your total premium.
• Military Discounts – Being deployed with a military unit may lower your prices slightly.
• Data Collection Discounts – Drivers who agree to allow data collection to study vehicle usage by using a telematics device in their vehicle such as State Farm’s In-Drive may get a rate reduction if they are good drivers.

Please keep in mind that most discount credits are not given to all coverage premiums. Some only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears you could get a free auto insurance policy, you aren’t that lucky. Any amount of discount will lower your policy premium.

Large auto insurance companies and a summarized list of policyholder discounts are outlined below.

• State Farm has savings for good student, safe vehicle, driver’s education, multiple policy, and Steer Clear safe driver discount.
• Esurance discounts include renters, online shopper, claim free, anti-theft, good driver, anti-lock brakes, and multi-car.
• Progressive offers discounts for homeowner, multi-vehicle, multi-policy, online signing, online quote discount, good student, and continuous coverage.
• Liberty Mutual may have discounts that include new graduate, good student, exclusive group savings, hybrid vehicle, and multi-policy.
• Auto-Owners Insurance may include discounts for safe driver, multiple vehicles, good student, group or association, and air bags.
• Geico offers premium reductions for seat belt use, defensive driver, good student, membership and employees, and multi-vehicle.

Double check with each insurance company how many discounts you can get. All car insurance discounts may not apply to policyholders in your area. To choose insurers with the best auto insurance discounts, follow this link.

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Seven things that determine your insurance prices

Lots of things are taken into consideration when premium rates are determined. Most are fairly basic such as traffic violations, although some other factors are more obscure such as your marital status or your vehicle rating.

• Single drivers take more risk – Having a spouse can actually save you money on your auto insurance policy. Having a significant other demonstrates that you tend to be more mature than a single person and it’s proven that drivers who are married file infrequent claims.
• Raise deductibles and save – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Honda. Some examples of covered claims are running into the backend of another car, damage caused by hail, or theft. The deductibles you choose are the amount of money you are required to pay if you file a covered claim. The more money you pay before a claim is paid (deductible), the less money you will pay for auto insurance for Element insurance.
• Better drivers have lower prices – Attentive drivers have lower premiums compared to bad drivers. Even a single chargable violation can bump up the cost forty percent or more. Drivers with license-revoking citations such as reckless driving, hit and run or driving under the influence are required to prove financial responsibility with their state motor vehicle department in order to legally drive.
• Premiums may be higher where you live – Living in areas with lower population is a good thing when trying to find low car insurance rates. Urban drivers regularly have traffic congestion and higher rates of accident claims. Fewer drivers corresponds to lower accident rates and a lower car theft rate.
• Do you save by driving less? – The more you drive your Honda each year the higher your rates will be. A lot of insurance companies charge rates based on their usage. Vehicles not used for work or commuting qualify for better rates than those that get driven frequently. An incorrectly rated Element can cost quite a bit. Ask your agent if your auto insurance policy correctly shows the right rating data.
• Drivers with good credit save on auto insurance – Having a bad credit rating is likely to be a major factor in determining what you pay for auto insurance. Therefore, if your credit history is not that good, you could save money insuring your 2003 Honda Element by spending a little time repairing your credit. Consumers who have good credit tend to file fewer claims and have better driving records than those with lower ratings.
• Liability coverage safeguards assets – Your policy’s liability coverage provides coverage if ever a jury decides you are liable for personal injury or accident damage. It provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Tailor your car insurance coverage to you

When choosing coverage, there really is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your insurance needs may require specific advice.

• Does insurance cover tools stolen from my truck?
• Can I make deliveries for my home business?
• Do I need an umbrella policy?
• Is rental equipment covered for theft or damage?
• Why is insurance for a teen driver so high?
• When should I not file a claim?
• Does my car insurance cover rental cars?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Information about specific coverages

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most auto insurance policies.

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, driving through your garage door, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Coverage for liability

Liability insurance protects you from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims like pain and suffering, medical expenses and attorney fees. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Comprehensive auto insurance

This coverage covers 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 things such as rock chips in glass, vandalism, hitting a deer and damage from getting keyed. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Honda Element.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for short-term medical expenses for EMT expenses, ambulance fees and nursing services. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your 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

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Cheaper insurance is a realistic goal

As you prepare to switch companies, do not buy poor coverage just to save money. In too many instances, an insured cut physical damage coverage only to find out that the small savings ended up costing them much more. Your objective should be to find the BEST coverage for the lowest price.

The cheapest 2003 Honda Element insurance is definitely available on the web and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer internet price quotes and usually these regional insurance providers sell through independent insurance agents.

Additional detailed information can be found by following these links:

• Top Signs Your Brakes are Giving Out (State Farm)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)
• Electronic Stability Control FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)

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