Lower Your 2007 Honda Element Insurance Quotes

Do you think you bought an expensive insurance policy? It’s quite common and many consumers are feeling buyer’s remorse and feel like there’s no way out.

Online insurance companies like State Farm, Geico and Farmers Insurance promote their brand names with TV and radio ads and consumers find it hard to ignore the promise of big savings and find the best price available.

Cheapest insurance quotes

There are multiple methods to compare insurance quotes, but some are more efficient than others. You could spend your day talking about coverages with agents in your area, or you could use the internet to get pricing more quickly.

All the larger companies are enrolled in a marketplace where insurance shoppers enter their coverage request one time, and every company can give them a price determined by their information. This prevents consumers from doing quote forms to every company.

To enter your information into the quoting system, click here to start a free quote.

The one disadvantage to getting quotes like this is buyers cannot specifically choose the insurers to get pricing from. So if you want to choose from a list of companies for rate comparison, we have a listing of low cost insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, do your best to enter apples-to-apples deductibles and coverage limits on every price quote you get. If you are comparing different data it will be impossible to truly determine the lowest rate. Just a small difference in limits can mean a large discrepancy in price. It’s important to know that obtaining a wide range of quotes increases your odds of finding better pricing. Some smaller insurers to not give online price quotes, so you should also compare price estimates from those companies as well.

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Discounts to earn lower-cost auto insurance rates

Insuring your fleet can be pricey, but you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time you complete a quote, but some need to be asked for prior to getting the savings. If you don’t get every credit possible, you are just wasting money.

• Active Service Discounts – Being deployed with a military unit may qualify for rate reductions.
• Save with More Vehicles Insured – Buying a policy with primary and secondary vehicles on a single policy qualifies for this discount.
• Air Bag Discount – Factory air bags or motorized seat belts may get savings of 20 to 30 percent.
• Discounts for New Vehicles – Adding a new car to your policy can cost up to 25% less because newer models have to meet stringent safety requirements.
• Telematics Data – Drivers who elect to allow their insurance company to look at where and when they drive by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.
• Clubs and Organizations – Affiliation with a qualifying organization could trigger savings when getting a car insurance quote.
• Braking Control Discount – Cars that have steering control and anti-lock brakes have fewer accidents and will save you 10% or more.
• Responsible Driver Discount – Drivers who avoid accidents can save as much as half off their rates on Element insurance than drivers with accident claims.
• Good Grades Discount – Being a good student can save 20 to 25%. The good student discount can last until age 25.
• Early Renewal Discounts – Some larger companies reward drivers for buying a policy before your current expiration date. It’s a savings of about 10%.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. So when it seems like you could get a free auto insurance policy, it just doesn’t work that way.

Large auto insurance companies and some of their more popular discounts can be read below.

• Progressive may offer discounts for online quote discount, multi-vehicle, good student, homeowner, online signing, multi-policy, and continuous coverage.
• The Hartford includes discounts for bundle, driver training, vehicle fuel type, anti-theft, good student, and defensive driver.
• Mercury Insurance offers discounts for age of vehicle, multi-policy, professional/association, anti-theft, good student, type of vehicle, and multi-car.
• Geico has discounts for driver training, multi-vehicle, defensive driver, good student, federal employee, and air bags.
• AAA policyholders can earn discounts including pay-in-full, multi-car, multi-policy, anti-theft, and good student.
• State Farm offers premium reductions for anti-theft, student away at school, accident-free, Steer Clear safe driver discount, passive restraint, and safe vehicle.

Before you buy a policy, ask each insurance company how many discounts you can get. A few discounts may not be offered in your state. To locate auto insurance companies offering auto insurance discounts, click this link.

How your Element insurance prices are determined

Part of the insurance buying process is learning the different types of things that help calculate the level of your policy premiums. If you understand what controls the rates you pay, this allows you to make good choices that may result in big savings. Many different elements are part of the calculation when quoting car insurance. Some are pretty understandable like your driving record, but other criteria are more transparent such as your credit history or your vehicle rating.

Shown below are most of the major factors used by insurance companies to determine your rates.

• Get married and get better prices – Your spouse can get you a discount compared to being single. It means you’re more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
• Credit history impacts premium premiums – An insured’s credit score can be an important factor in determining what you pay. Therefore, if your credit rating is not that good, you could pay less to insure your 2007 Honda Element by improving your rating. Drivers who have very good credit scores tend to file fewer claims and have better driving records than those with poor credit.
• Higher deductibles are cheaper – Comp and collision deductibles represent how much money you are willing to pay before your insurance pays a claim. Protection for physical damage, also called comprehensive and collision insurance, protects your car from damage. A few examples of covered claims are colliding with a stationary object, collision with a deer, or theft of your vehicle. The more money you choose to pay out-of-pocket, the less your company will charge you for insurance on Element insurance.
• Youthful drivers pay high premiums – Teen drivers have been known to be inattentive when behind the wheel so they pay higher insurance rates. Mature drivers are more responsible, are lower risk to insure and are safer drivers.
• Small claims can cost you – Auto insurance companies provide discounts to policyholders who only file infrequent claims. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
• Always have insurance – Going without insurance will be a fast way to trigger a rate increase. In addition to paying higher premiums, not being able to provide proof of insurance could result in fines and jail time.
• You may save more by consolidating policies – Some insurance companies give better rates to customers that buy multiple policies in the form of a multi-policy discount. Even if you qualify for this discount already, it’s in your best interest to check prices from other companies to make sure you are getting the best deal. You may still save money by splitting coverages up.

Tailor your insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Every situation is different so this has to be addressed. These are some specific questions might help in determining whether your personal situation could use an agent’s help.

• Should I waive the damage coverage when renting a car?
• Where can I find high-risk insurance?
• Should I buy only the required minimum liability coverage?
• Am I covered if I wreck a rental car?
• Do I have coverage for damage caused while driving under the influence?
• Which is better, split liability limits or combined limits?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

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Save 15 percent in 15 minutes? Is it for real?

Respected companies like State Farm and Allstate seem to constantly run ads in print and on television. All the companies have a common claim that you’ll save big if you move to them. How does every insurance company have lower policy pricing? Here is how they do it.

Insurance companies have underwriting criteria for the type of driver that makes them money. One example of a profitable insured might be over the age of 35, has had continuous coverage, and drives less than 7,500 miles a year. Any new insured that meets those criteria receive the lowest rate quotes as well as save when they switch companies.

Potential insureds who are not a match for the “perfect” profile will be charged higher premiums which translates to the customer not purchasing. The ads say “people that switch” not “all people who quote” save that much money. That’s the way insurance companies can make claims that they all have the best prices. This illustrates why you absolutely need to do a price quote comparison at every renewal. It is impossible to guess which company will give you lower premium rates than your current company.

Auto insurance coverages 101

Having a good grasp of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on most auto insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as pain medications, chiropractic care, dental work and EMT expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with a tree, driving through your garage door, scraping a guard rail, backing into a parked car and rolling your car. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Auto liability insurance

Liability coverage will cover damage that occurs to other’s property or people. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things such as structural damage, emergency aid, medical expenses and repair costs for stationary objects. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive auto coverage

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from flooding, rock chips in glass, hitting a bird and theft. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Don’t be a big spender

In this article, we presented many ideas to lower your 2007 Honda Element insurance prices. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with some of the smallest insurance companies. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

Some insurance providers may not have online quoting and usually these small, regional companies work with independent agencies. Cost effective 2007 Honda Element insurance is available on the web and from local agencies, and you should be comparing both in order to have the best price selection to choose from.

Additional information can be found below:

• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• What is Full Coverage? (Allstate)

Enter your zip code below to view companies that have cheap auto insurance rates.

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