2010 Honda Element Insurance Rates – 10 Tips for Cheaper Quotes

Searching for better car insurance rates for your Honda Element? Pricey Honda Element insurance can drain your bank account and force you to tighten up your finances. Comparing rates annually is a great way to tighten up your finances.

There are many insurers to insure vehicles with, and even though it’s nice to be able to choose, it makes it harder to adequately compare rates.

Where can I get affordable auto insurance?

To find cheap quotes, there are a couple of ways to compare rate quotes from auto insurance companies in your area. The quickest method to find the cheapest 2010 Honda Element insurance rates is to jump online and get quotes. It is quite easy and can be accomplished in several different ways.

• One of the best ways to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This style of form prevents you from having to do separate quotation requests for each company. Completing one form gets insurance cost estimates instantly.
• A more difficult way to analyze rates requires visiting each company’s website and get a separate price quote. For example, we’ll pretend you are doing a rate comparison from Allstate, Safeco and Progressive. In order to get each rate, you would have to go to every website and enter your information, which can get rather old. For a handy list of car insurance company links in your area, click here.

Whichever way you choose to compare rates, be sure to compare apples-to-apples coverages for each quote you get. If you use unequal deductibles or liability limits it will be next to impossible to make an equal comparison. Quoting even small variations in limits may result in a large different in cost. Keep in mind that having more price comparisons will enable you to find lower pricing.

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Drivers can save with these ten rate-reducing discounts

Companies that sell car insurance do not advertise the complete list of policy discounts very well, so the following list contains both well-publicized and also the lesser-known savings tricks you should be using when you buy auto insurance online.

• Save over 55 – Older drivers can get a small discount on rates on Element insurance.
• Club Memberships – Joining a civic or occupational organization could qualify you for a break on your policy.
• Paperwork-free – A handful of insurance companies provide a small discount for buying your policy online.
• Renewal Discounts – Some companies reward drivers for switching to them before your current coverage expires. This can save 10% or more.
• ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control have fewer accidents and will save you 10% or more.
• Telematics Data – People who choose to allow driving data submission to monitor driving habits by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as the data is positive.
• Good Student Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students until age 25.
• Accident Forgiveness – This isn’t a discount exactly, but companies like Liberty Mutual, Allstate and State Farm will let one accident slide without the usual rate increase if you have no claims before the accident.
• Discounts for Government Workers – Being employed by or retired from a federal job could cut as much as 10% off on Element insurance but check with your company.
• Discounts for New Vehicles – Buying insurance coverage on a new vehicle may earn a small discount because new model year vehicles have to meet stringent safety requirements.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like it’s possible to get free car insurance, you’re out of luck.

Companies that have some of the discounts shown above include:

• Geico
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

Before you buy a policy, ask every prospective company the best way to save money. Savings may not be available in your area. If you would like to see a list of auto insurance companies that offer many of these discounts, follow this link.

Do I need special coverages?

When buying the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions might point out whether your personal situation might need an agent’s assistance.

• How can I get high-risk coverage after a DUI?
• Do I need roadside assistance coverage?
• Am I covered if I crash into my own garage door?
• Am I covered if I drive in a foreign country?
• What is an SR-22 filing?
• Does my car insurance cover rental cars?
• Do I have coverage when making deliveries for my home business?
• Do all my vehicles need collision coverage?

If you’re not sure about those questions then you might want to talk to 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

Brand name doesn’t guarantee savings

Big name companies like State Farm, Allstate and Geico regularly use ads on TV and radio. All the companies try to convey promises that you’ll save big if you get a free auto insurance quote and switch your policy. How is it plausible that every one can charge less that you’re paying now? It’s all in how they say it.

Insurance companies quote the lowest rates for the type of customer that earns them the highest profit. One example of a driver they prefer may need to be over the age of 40, has no claims, and drives less than 7,500 miles a year. Any person who fits those characteristics will get the preferred premium rates and have a good chance to save when they switch companies.

Consumers who don’t meet these standards may receive a higher premium which leads to the customer buying from a different company. The ads state “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. That’s why insurance companies can make the claims of big savings.

Because of these techniques, you really need to get auto insurance quotes as often as possible. Because you cannot predict the company that will have the best premium rates for your profile.

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Coverage specifics

Having a good grasp of insurance aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on the average insurance policy.

Comprehensive coverage

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from flooding, falling objects, theft and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability auto insurance

This provides protection from damage or injury you incur to people or other property in an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things such as repair costs for stationary objects, medical expenses, attorney fees and structural damage. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for bills for things like rehabilitation expenses, ambulance fees, chiropractic care and surgery. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Honda Element.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like hitting a parking meter, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

A penny earned…

When buying insurance coverage, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice physical damage coverage only to regret at claim time that it was a big error on their part. The ultimate goal is to find the BEST coverage at the lowest possible cost and still be able to protect your assets.

We just covered some good ideas how you can lower your 2010 Honda Element insurance car insurance rates. The key thing to remember is the more times you quote, the higher the chance of saving money. You may be surprised to find that the lowest car insurance rates are with a smaller regional carrier. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Some companies may not have the ability to get quotes online and usually these smaller providers prefer to sell through independent agents. Cheap 2010 Honda Element insurance can be found both online in addition to local insurance agencies, and you should compare price quotes from both in order to have the best chance of saving money.

Additional information can be found at these links:

• Winter Driving (Insurance Information Insitute)
• Insurance Losses by Make and Model (iihs.org)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Your Car has been Stolen: Now What? (Allstate)
• What is Gap Insurance? (Insurance Information Insitute)

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