Cheap Honda Element Car Insurance in 2024 (Unlock Big Savings From These 10 Companies!)
For cheap Honda Element car insurance, State Farm, USAA, and Progressive are top picks. State Farm offers rates as low as $48 per month, making it a reliable and cost-effective choice. With their comprehensive coverage, these companies ensure you get the best value for your car insurance needs.
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Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
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UPDATED: Sep 12, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Looking for cheap Honda Element car insurance? State Farm, USAA, and Progressive emerge as the top choices. State Farm offers comprehensive coverage at affordable rates, making it a reliable option for Honda Element owners.
USAA stands out for its exceptional customer service and competitive pricing, while Progressive’s innovative tools and discounts cater to budget-conscious drivers. See more details on our “Best Car Insurance Discounts.”
Our Top 10 Company Picks: Cheap Honda Element Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $48 B Multiple Discounts State Farm
#2 $52 A++ Excellent Service USAA
#3 $58 A+ Snapshot Program Progressive
#4 $63 A+ Comprehensive Coverage Allstate
#5 $68 A+ Vanishing Deductible Nationwide
#6 $72 A Customizable Options Farmers
#7 $77 A Eco-Friendly Discounts Liberty Mutual
#8 $82 A Bundling Savings American Family
#9 $87 A++ Multi-Car Discounts Travelers
#10 $92 A+ Customer Satisfaction Amica Mutual
Getting car insurance for your Honda Element is an essential step in protecting your investment and ensuring your peace of mind on the road. However, the cost of insurance can vary significantly depending on multiple factors.
Get the right car insurance at the best price — enter your ZIP code above to shop for coverage from the top insurers.
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#1 – State Farm: Top Overall Pick
Pros
- Bundling Policies: State Farm offers significant discounts for bundling multiple insurance policies.
- High Low-Mileage Discount: State Farm provides a substantial discount for low-mileage usage.
- Wide Coverage: State Farm offers various coverage options tailored for different business needs. Learn more in our “State Farm Insurance Review & Ratings.”
Cons
- Limited Multi-Policy Discount: The multi-policy discount of State Farm is not as high compared to some competitors.
- Premium Costs: Despite discounts, State Farm’s premiums might still be relatively higher for certain coverage levels.
#2 – USAA: Best for Excellent Service
Pros
- Top-Rated Customer Service: USAA is renowned for its exceptional customer service and claims handling. Check out insurance savings in our complete “USAA Insurance Review & Ratings.”
- Competitive Rates: USAA offers competitive rates and numerous discounts for military members and their families.
- Financial Stability: USAA has a strong financial rating, ensuring they can fulfill claims promptly and efficiently.
Cons
- Eligibility Restrictions: USAA membership is limited to military personnel, veterans, and their families.
- Limited Branch Locations: USAA has fewer physical branch locations compared to other insurers.
#3 – Progressive: Best for Snapshot Program
Pros
- Usage-Based Insurance: Progressive’s Snapshot program offers personalized rates based on driving habits.
- Name Your Price Tool: Progressive’s tool allows customers to find a policy that fits their budget. See more details on our “Progressive Insurance Review & Ratings.”
- Variety of Discounts: Progressive offers various discounts, including for multi-policy, multi-car, and safe driving.
Cons
- Rate Increases: Some customers report experiencing rate increases after the initial policy period.
- Claims Processing: Progressive’s claims process can be slower compared to other insurers.
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#4 – Allstate: Best for Comprehensive Coverage
Pros
- Wide Range of Coverage Options: Allstate offers a comprehensive selection of coverage options.
- Innovative Features: Allstate offers innovative features like the Claim Satisfaction Guarantee.
- Digital Tools: Allstate provides digital tools like the mobile app for easy policy management. Delve into our evaluation of “Allstate Insurance Review & Ratings.”
Cons
- Costly Premiums: Allstate’s premiums can be higher compared to other insurers.
- Mixed Customer Service Reviews: Some customers report dissatisfaction with Allstate’s customer service.
#5 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Nationwide offers a vanishing deductible program for safe drivers.
- Multi-Policy Discounts: Nationwide provides discounts for bundling multiple policies. Check out insurance savings in our complete “Nationwide Insurance Review & Ratings.”
- Highly Rated Customer Service: Nationwide is known for its excellent customer service.
Cons
- Limited Availability: Nationwide may not be available in all states.
- Average Claims Experience: Some customers report average experiences with Nationwide’s claims process.
#6 – Farmers: Best for Customizable Options
Pros
- Customizable Policies: Farmers allows customers to customize their policies to fit their needs. Discover more about offerings in our “Farmers Insurance Review & Ratings.”
- Diverse Discounts: Farmers offers a variety of discounts, including for safety features and multi-policy.
- Strong Financial Stability: Farmers has a strong financial rating, ensuring they can meet their claims obligations.
Cons
- Customer Service Concerns: Some customers have reported issues with Farmers’ customer service.
- Average Rates: Farmers’ rates may be average compared to other insurers.
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#7 – Liberty Mutual: Best for Eco-Friendly Discounts
Pros
- Green Vehicle Discounts: Liberty Mutual offers discounts for eco-friendly vehicles. Discover more about offerings in our “Liberty Mutual Review & Ratings.”
- Online Tools: Liberty Mutual provides online tools for policy management and claims filing.
- Multi-Policy Discounts: Liberty Mutual offers discounts for bundling multiple policies.
Cons
- Average Customer Service: Some customers report average experiences with Liberty Mutual’s customer service.
- Limited Availability: Liberty Mutual may not be available in all states.
#8 – American Family: Best for Bundling Savings
Pros
- Bundling Discounts: American Family offers discounts for bundling multiple policies. Unlock details in our “American Family Insurance Review & Ratings.”
- Strong Customer Service: American Family is known for its excellent customer service.
- Variety of Coverage Options: American Family offers a wide range of coverage options to choose from.
Cons
- Limited Availability: American Family may not be available in all states.
- Costly Premiums: Some customers report that American Family’s premiums can be higher compared to other insurers.
#9 – Travelers: Best for Multi-Car Discounts
Pros
- Multi-Car Discounts: Travelers offers discounts for insuring multiple vehicles. Discover more about offerings in our “Travelers Insurance Review & Ratings.”
- Strong Financial Stability: Travelers has a strong financial rating, ensuring they can meet their claims obligations.
- Customizable Policies: Travelers allows customers to customize their policies to fit their needs.
Cons
- Average Customer Service: Some customers report average experiences with Travelers’ customer service.
- Limited Availability: Travelers may not be available in all states.
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#10 – Amica Mutual: Best for Customer Satisfaction
Pros
- High Customer Satisfaction: Amica Mutual consistently receives high ratings for customer satisfaction.
- Dividend Policies: Amica Mutual offers dividend policies to eligible policyholders. More information is available about this provider in our “Amica Car Insurance Discounts.”
- Strong Financial Stability: Amica Mutual has a strong financial rating, ensuring they can meet their claims obligations.
Cons
- Limited Availability: Amica Mutual may not be available in all states.
- Limited Discounts: Some customers report that Amica Mutual offers fewer discounts compared to other insurers.
Comparing Honda Element Insurance Rates: Minimum vs. Full Coverage
When it comes to insuring your Honda Element, understanding the cost of coverage is crucial. Below is a table detailing the monthly rates for minimum and full coverage from top insurance providers.
Honda Element Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $63 $145
American Family $82 $185
Amica Mutual $92 $205
Farmers $72 $165
Liberty Mutual $77 $175
Nationwide $68 $155
Progressive $58 $135
State Farm $48 $115
Travelers $87 $195
USAA $52 $125
Among the listed providers, State Farm offers the most affordable rates for both minimum and full coverage, with monthly premiums starting at $48 and $115, respectively. On the other end, Amica Mutual tends to be the priciest option, with rates starting at $92 for minimum coverage and $205 for full coverage.
It’s important to note that these rates can vary based on factors like driving history, location, and coverage limits, so it’s advisable to obtain quotes from multiple providers to find the best deal for your specific needs. More information is available about this provider in our “Compare Car Insurance Quotes.”
Factors That Affect Honda Element Car Insurance Rates
When determining the cost of your Honda Element car insurance, several factors come into play. Insurance providers consider the age of the driver, with younger drivers typically facing higher rates due to their limited experience on the road.
Your driving record is also a significant factor; a clean record without accidents or traffic violations can help lower premiums.Unlock details in our “How does my driving record affect my parents insurance rates?”
Additionally, your location plays a role, as living in high-crime areas or regions prone to accidents may lead to higher insurance rates. The deductible amount you choose is another consideration; opting for a higher deductible can lower your premiums but means you’ll pay more out of pocket in the event of a claim. Check out insurance savings in our complete “Your Insurance Agent’s Role in the Claims Process.”
The coverage options you select, including liability limits and optional coverages such as collision and comprehensive, will also affect the overall cost. Vehicle age is a factor too; insuring a newer Honda Element is generally more expensive compared to an older model due to the higher replacement cost.
Finally, your insurance history matters; having continuous coverage without gaps demonstrates responsibility and can lead to lower premiums.
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Another factor that can affect Honda Element car insurance rates is the driver’s credit score. Insurance providers may consider a driver’s credit history as an indicator of their financial responsibility. A lower credit score can result in higher insurance premiums.
The type of usage for the Honda Element can also impact insurance rates. If the car is primarily used for personal commuting, it may have lower insurance rates compared to a vehicle used for business purposes or ridesharing services.
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Understanding the Insurance Coverage Options for Honda Element
Before we delve deeper into the cost of Honda Element car insurance, it is essential to understand the various coverage options available:
- Liability Coverage: This coverage protects you financially if you are at fault in an accident and cause damage to someone else’s property or injuries to others.
- Collision Coverage: This coverage provides protection for your Honda Element in the event of a collision with another vehicle or object, regardless of who is at fault.
- Comprehensive Coverage: This coverage is designed to protect your Honda Element from non-collision-related incidents such as fire, theft, vandalism, or natural disasters.
- Uninsured/Underinsured Motorist Coverage: This coverage comes into play if you are involved in an accident with a driver who is uninsured or does not have sufficient insurance to cover your damages.
- Medical Payments Coverage: This coverage helps cover medical expenses for you and your passengers in case of an accident, regardless of fault.
- Personal Injury Protection (PIP): PIP coverage provides broader protection than medical payments coverage. It typically includes coverage for medical expenses, lost wages, and other related expenses.
- Rental Car Reimbursement Coverage: This coverage helps cover the cost of renting a replacement vehicle while your Honda Element is being repaired after a covered accident.
In conclusion, before determining the cost of Honda Element car insurance, it is crucial to grasp the range of coverage options available. If you want to learn more about the company, head to our “Uninsured/Underinsured Motorist Insurance Coverage: A Complete Guide.”
By understanding these options, you can make an informed decision that meets both your insurance needs and budgetary constraints.
Find cheap car insurance quotes by entering your ZIP code below.
Frequently Asked Questions
What factors influence the cost of Honda Element car insurance?
The cost of Honda Element car insurance can be influenced by several factors, including the driver’s age, driving history, location, coverage limits, deductibles, and the insurance company’s rates.
For additional details, explore our comprehensive resource titled “What age do you get cheap car insurance?”
Are there any specific safety features of the Honda Element that can help lower insurance costs?
Yes, the Honda Element is equipped with various safety features such as anti-lock brakes, stability control, airbags, and anti-theft systems. These features may help lower insurance costs as they reduce the risk of accidents and theft.
Is the cost of insurance higher for a new Honda Element compared to a used one?
In general, the cost of insurance for a new Honda Element tends to be higher than for a used one. This is because new vehicles have a higher value and may require more expensive repairs or replacement parts in case of an accident.
How does the Honda Element’s fuel efficiency affect insurance rates?
Fuel efficiency typically does not have a direct impact on insurance rates for the Honda Element or any other vehicle. Insurance rates are primarily determined by factors such as the driver’s profile, coverage options, and the vehicle’s safety features.
Can the cost of Honda Element car insurance vary between insurance companies?
Yes, the cost of Honda Element car insurance can vary between insurance companies. Each company has its own underwriting guidelines and rates, so it’s recommended to obtain quotes from multiple insurers to compare prices and coverage options.
To find out more, explore our guide titled “Best Car Insurance Discounts to Ask.”
What type of car insurance is cheapest?
Usually, fully comprehensive insurance tends to be the most affordable option, although the cost can vary based on personal factors.
What is the lowest form of car insurance?
Liability insurance is the most basic type of car insurance.
What is the lowest level of car insurance?
The minimum car insurance coverage required by most states is liability insurance. This type of insurance covers injuries and damages you are responsible for in an accident, up to a certain limit. The standard liability limits are often expressed as $25,000/$50,000/$25,000, meaning $25,000 for bodily injury per person.
Which type of car insurance is best?
The premium for comprehensive car insurance in India is relatively higher compared to other types of car insurance. This is due to the fact that comprehensive insurance provides greater protection for your vehicle than other motor insurance options.
To learn more, explore our comprehensive resource on “How much insurance coverage do I need?”
What is the most basic car insurance?
You have the option to purchase various kinds of auto insurance policies. Nevertheless, the majority of basic car insurance plans provide liability coverage, which is typically mandated by most states to meet a minimum requirement. Additionally, states may require uninsured/underinsured motorist coverage and comprehensive coverage.
Which category of car insurance is best?
Comprehensive auto insurance provides the utmost level of protection attainable.
Our free online comparison tool below allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.
What is the cheapest car insurance comprehensive or third party?
Comprehensive insurance may not only cost less than third-party coverage but also covers the cost of repairing your vehicle if you’re in an accident. Additionally, you may receive compensation even when fault is unclear.
What is the most expensive car insurance group?
Vehicles are classified into insurance groups from 1 to 50, with those in group 50 being the most costly to insure. Typically, cars in this group have high market values and require expensive parts and repairs.
Learn more by reading our guide titled “Insurance Quotes Online.”
Which car brand is the cheapest to maintain?
According to Consumer Reports’ 2024 report, Tesla, Buick, and Toyota are the most affordable car brands to repair and maintain during the initial 10 years of ownership, with costs of $4,035, $4,900, and $4,900 respectively. Conversely, Land Rover, Porsche, and Mercedes-Benz are the most expensive, requiring $19,250, $14,090, and $10,525 respectively for maintenance.
Which is better third party or comprehensive?
Opting for Comprehensive Car Insurance is a wise decision since it provides both third-party coverage and protection for your vehicle against damages. Additionally, you have the option to include add-ons that can expand the coverage of your policy.
What is the difference between full coverage and comprehensive insurance?
Full Coverage Insurance encompasses liability, comprehensive, and collision coverage, distinguishing it from comprehensive insurance, which specifically addresses damages to a vehicle not caused by road accidents.
What is the meaning of Ctpl?
CTPL stands for Compulsory Third-Party Liability.
Access comprehensive insights into our guide titled “Best Car Insurance for Drivers with Speeding Ticket in Wisconsin.”
What is the cheapest category for car insurance?
There are 50 categories of car insurance, ranging from the least expensive (group 1) to the most expensive (group 50). Insurers consider your car’s insurance category when determining your insurance cost.
What is the limit of Ctpl?
CTPL is an independent insurance policy that takes precedence in cases involving bodily injury, death, and medical expenses of third parties. Standard Insurance provides coverage for eligible claims, with a maximum limit of PHP 100,000, as specified in the policy.
How to claim TPL insurance?
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
