Cheap Insurance for a Honda Element in Columbus

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Insurance for Honda ElementAre you doing reasearch to find more affordable Honda Element insurance in Columbus? Purchasing lower priced Columbus Honda Element insurance quotes may seem to be somewhat intimidating for drivers new to comparing rates on the internet. With such a large number of agents and insurers to choose from, how are we expected to be able to compare them all to find better rates?

Unthinkable but true, the vast majority of consumers kept their policy with the same company for at least the last four years, and practically 40% of insurance customers have never taken the time to shop around. Ohio drivers could cut their rates by about $700 a year just by comparing rates, but they underestimate the amount of money they would save if they switched.

Locating the most cost-effective car insurance policy in Columbus is really not that difficult. Essentially every person who needs more affordable car insurance will most likely be able to find better rates. Nevertheless, Ohio consumers do need to learn how insurance companies determine prices and use this information to your advantage.

The easiest way to compare rate quotes for Honda Element insurance in Columbus is to understand car insurance companies allow for online access to provide you with free rate quotes. The only thing you need to do is provide a small amount of information such as any included safety features, if you're married, if you require a SR-22, and whether you have decent credit. That rating information is automatically sent to many different companies and you will get price comparisons instantly to find the best rate.

To find lower lower-cost Honda Element insurance rates now, click here and complete the quick form.

The auto insurance companies shown below can provide free rate quotes in Ohio. If multiple companies are listed, it's highly recommended you get rate quotes from several of them to get the best price comparison.

Insurance coverage details

The rate table shown below showcases a range of prices for Honda Element models. Being aware of how auto insurance prices are figured can be valuable when making smart choices when comparing insurance rates.

Honda Element Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $110 $198 $214 $12 $64 $598 $50
Element LX 4WD $110 $198 $214 $12 $64 $598 $50
Element EX 2WD $110 $198 $214 $12 $64 $598 $50
Element EX 4WD $110 $198 $214 $12 $64 $598 $50
Element SC 2WD $110 $198 $214 $12 $64 $598 $50
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can revise prices considerably.

The example below shows how choosing a deductible and can affect Honda Element yearly insurance costs for different ages of insureds. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

How accidents and tickets impact rates in Columbus

The illustration below shows how speeding tickets and at-fault fender-benders can increase Honda Element car insurance rates for different age categories. The premiums are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.

Comparison of full coverage and liability-only policies

The diagram below illustrates the comparison of Honda Element insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Should you pay for full coverage?

There is no definitive formula for dropping full coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Honda Element claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $6,000 after the policy deductible has been paid. If it's costing you more than $600 annually for full coverage, then you might want to think about dropping full coverage.

There are some scenarios where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Insurance is an important decision

Despite the high cost, insurance serves a purpose in several ways.

  • Almost all states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability protection in order to drive the car legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your vehicle with a loan, almost all lenders will force you to buy insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Honda at a much higher premium rate and force you to pay a much higher amount than you were paying before.
  • Insurance safeguards not only your Honda Element but also your financial assets. It will also reimburse you for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers legal expenses if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance more than offset the price you pay, especially when you need to use it. According to a survey of 1,000 drivers, the average driver overpays more than $750 every year so it's very important to do a rate comparison once a year at a minimum to make sure the price is not too high.

Learn How to Lower Your Insurance Costs

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for insurance. When you know what positively or negatively determines premiums, this allows you to make educated decisions that will entitle you to lower rates. Multiple criteria are part of the equation when premium rates are determined. Some factors are common sense such as your driving record, but other factors are more transparent such as your credit history and annual miles driven.

Know your vehicle's crash test rating - Cars with five star safety ratings tend to have lower insurance rates. The safest vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies which can result in lower premiums.

Compare rates if you combine your policies - Lots of companies apply better rates to customers who buy several policies from them. It's known as a multi-policy discount. Even with this discount applied, you still need to shop around to confirm you are receiving the best rates possible.

Pay more of a claim out-of-pocket - Deductibles for physical damage are the amount of money you are willing to pay out-of-pocket if the claim is covered. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims could be colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for insurance.

Pleasure use saves money - The more miles you rack up on your Honda each year the higher your rate. Most companies charge to insure your cars partially by how you use the vehicle. Vehicles that do not get driven very much qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your insurance declarations sheet reflects the right rating data. An incorrectly rated Element may be wasting your money.

Women pay lower prices - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don't assume that men are worse drivers. Females and males have accidents in similar percentages, but the males have costlier accidents. Not only are claims higher, but men receive more major tickets like DUI and reckless driving.

The illustration below shows the comparison of Honda Element auto insurance rates for male and female drivers. The premium estimates are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Pay less if you're married - Having a wife or husband can get you a discount compared to being single. Having a significant other means you're more financially stable it has been statistically shown that married couples file fewer claims.

Safeguard your assets with liability insurance - Your insurance policy's liability coverage is the protection in the event that a jury decides you are liable for damages caused by your negligence. It will provide legal defense coverage to attempt to prove you were not liable. Liability insurance is quite affordable compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Insurance quotes and discounts

Insurance is not inexpensive, but you might already qualify for some discounts that you may not even be aware of. Some discounts apply automatically when you quote, but a few must be requested specifically before they will apply. If you aren't receiving every discount available, you are paying more than you should be.Cheaper insurance with discounts

  • Discounts for New Vehicles - Buying a new car model can be considerably cheaper due to better safety requirements for newer models.
  • Multiple Vehicles - Having several vehicles on the same insurance policy can get a discount for every vehicle.
  • Lower Rates for Military - Having an actively deployed family member may lower your rates slightly.
  • Senior Citizen Discount - Drivers that qualify as senior citizens are able to get a slight reduction on a Columbus auto insurance quote.
  • College Student - Any of your kids who are enrolled in higher education away from home and won't have access to an insured vehicle may be able to be covered for less.
  • Pay Now and Pay Less - By paying your entire bill at once instead of paying each month you can avoid the installment charge.
  • Discount for Swiching Early - Some larger companies reward drivers for renewing your policy before your current coverage expires. This discount can save up to 10%.

It's important to understand that many deductions do not apply to your bottom line cost. The majority will only reduce individual premiums such as comprehensive or collision. Even though the math looks like adding up those discounts means a free policy, it doesn't quite work that way. But all discounts will help lower your policy premium.

The chart below shows the comparison of Honda Element annual premium costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no accidents or driving violations, Ohio state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, marriage, and multi-policy discounts applied.

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

  • 21st Century may offer discounts for 55 and older, driver training, anti-lock brakes, automatic seat belts, defensive driver, and early bird.
  • Progressive policyholders can earn discounts including online quote discount, multi-vehicle, good student, homeowner, and continuous coverage.
  • State Farm offers discounts including passive restraint, Drive Safe & Save, student away at school, defensive driving training, and accident-free.
  • Nationwide includes discounts for easy pay, anti-theft, good student, family plan, multi-policy, defensive driving, and Farm Bureau membership.
  • Esurance has savings for Pac-12 alumni, safety device, emergency road assistance, anti-theft, and homeowner.
  • The Hartford may include discounts for vehicle fuel type, defensive driver, anti-theft, air bag, good student, driver training, and bundle.

Double check with all the companies which credits you are entitled to. Depending on the company, some discounts may not be available everywhere. For a list of companies that offer the discounts shown above in Ohio, click here to view.

What insurance coverages do I need?

When it comes to choosing the best auto insurance coverage, there really is not a one size fits all plan. Your financial needs are unique.Higher deductibles save money

For example, these questions can aid in determining if you would benefit from an agent's advice.

  • Do I have any recourse if my insurance company denies a claim?
  • Where can I find DUI or SR-22 insurance?
  • Why do I have to buy liability insurance?
  • Do I need to call my car insurance company before buying a new car?
  • Is my teenager covered with friends in the car?
  • Are my company tools covered if they get stolen?
  • Can I rate high risk drivers on liability-only vehicles?
  • What policy terms are available?

If you're not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Local Columbus auto insurance agents and auto insurance

A small number of people still like to go talk to an agent and that can be a smart move An additional benefit of comparing insurance prices online is the fact that drivers can get lower rates and also buy local.

Upon completion of this form (opens in new window), the quote information is instantly submitted to local insurance agents in Columbus that provide free Columbus auto insurance quotes for your auto insurance coverage. There is no need to do any legwork because quoted prices will be sent straight to your inbox. You can find better rates without the usual hassles of price shopping. If for some reason you want to quote rates from a specific company, you would need to find their quoting web page and submit a quote form there.

Selecting an company should depend on more than just a cheap quote. These are some questions you should get answers to.

  • How experienced are they in personal risk management?
  • What kind of financial rating does the company have?
  • Where would your vehicle be repaired?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • Is the agency active in community causes in Columbus?
  • Is the agent and/or agency licensed to do business in Ohio?

If you want a good Columbus insurance agent, you should know the different types of agents from which to choose. Columbus agents are either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Agents of this type have only one company to place business with and some examples include State Farm or Allstate. Exclusive agents cannot give you multiple price quotes so you need to shop around if the rates are high. These agents are highly trained on their company's products and that allows them to sell at a higher price point. Drivers often use the same exclusive agent mainly due to the brand legacy instead of buying on price only.

Shown below is a short list of exclusive insurance agents in Columbus that are able to give rate quotes.

More insurance agents

Independent Agents

Agents that choose to be independent can quote rates with many companies and that allows them to write policies with lots of companies and help determine which has the cheapest rates. If they find a cheaper price, they simply move your policy to a different company and you stay with the same agent. If you are comparing rate quotes, you should always compare quotes from independent agents so that you have a good selection of quotes to compare. Most also write with different regional companies that can offer cheaper rates than bigger companies.

The following are independent insurance agents in Columbus that are able to give price quotes.

More insurance agents

One last note

Cheaper Honda Element insurance in Columbus is possible both online and from local insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers do not offer the ability to get quotes online and many times these regional carriers only sell coverage through independent insurance agencies.

We just presented quite a bit of information on how to get a better price on Honda Element insurance in Columbus. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Honda Element insurance quotes. You may even discover the lowest priced auto insurance comes from the least-expected company.

When buying insurance coverage, make sure you don't buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice full coverage to discover at claim time that the savings was not a smart move. The aim is to find the BEST coverage at the lowest possible cost, but don't skip important coverages to save money.

How to buy low-cost Honda Element insurance in Columbus

The most effective way to quote cheaper car insurance rates is to start comparing prices yearly from insurers in Columbus.

First, get an understanding of how auto insurance works and the changes you can make to prevent high rates. Many rating factors that increase rates like distracted driving and a less-than-favorable credit history can be eliminated by paying attention to minor details.

Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like GEICO or State Farm, while independent agencies can quote rates for a wide range of insurance providers.

Third, compare the price quotes to the price on your current policy to see if a cheaper price is available. If you find a better price and switch companies, make sure there is no lapse in coverage.

Fourth, provide notification to your current agent or company to cancel your current auto insurance policy and submit any necessary down payment along with the completed application to your new carrier. Once coverage is bound, put the new proof of insurance paperwork in your glove compartment.

An important part of this process is that you'll want to compare the same coverage limits and deductibles on every quote and and to analyze as many different companies as possible. This enables an apples-to-apples comparison and and a good selection of different prices.

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