Find Cheaper Honda Element Insurance in El Paso

The best way we recommend to get more affordable Honda Element insurance in El Paso is to compare quotes once a year from companies who sell auto insurance in Texas. Prices can be compared by following these steps.

• Step 1: Read and learn about how companies set rates and the measures you can control to prevent expensive coverage. Many things that result in higher rates like traffic citations and your credit history can be improved by making minor changes to your lifestyle.
• Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agents can quote rates from multiple sources. View prices
• Step 3: Compare the price quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find better rates and switch companies, make sure coverage is continuous and does not lapse.
• Step 4: Provide notification to your current agent or company of your intention to cancel your current coverage. Submit payment and a completed application to the new insurer. Once the application is submitted, place your new proof of insurance paperwork in an accessible location in your vehicle.

An essential thing to point out is that you'll want to compare identical coverage information on each quote request and and to analyze as many companies as feasibly possible. Doing this ensures an accurate price comparison and plenty of rates choose from.

It's an obvious assumption that insurance companies don't want their customers to go rate shopping. Consumers who shop around are inclined to switch companies because they stand a good chance of finding a lower-cost company. Remarkably, a study showed that people who made a habit of comparing rate quotes saved approximately $865 annually compared to drivers who never shopped around for better prices.

If finding the cheapest rates on car insurance in El Paso is your ultimate goal, knowing how to find companies and compare insurance coverage can help you succeed in saving money.

It's important to know that comparing more prices will improve the odds of getting the best offered rates.

The providers in the list below are our best choices to provide free rate quotes in El Paso, TX. If several companies are displayed, we suggest you get rate quotes from several of them to get the lowest price.

Verify you're getting every discount

Companies that sell car insurance don't always list every policy discount very clearly, so the next list breaks down both the well known as well as the least known discounts you could be receiving when you buy El Paso car insurance online.

• ABS Braking Discount - Vehicles with ABS braking systems or traction control prevent accidents and will save you 10% or more on Element insurance in El Paso.
• Accident Waiver - Not really a discount, but a few companies such as Liberty Mutual, GEICO and Allstate will turn a blind eye to one accident before raising your premiums with the catch being you have to be claim-free before the accident.
• Early Payment Discounts - If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
• Bundled Policy Discount - When you have multiple policies and insure them both with the same insurance company you could earn a discount of nearly 15% which can help you find cheap Element insurance.
• New Vehicle Savings - Putting insurance on a new Element may earn a small discount due to better safety requirements for newer models.
• Telematics Devices - Insureds who allow their company to scrutinize their driving habits by installing a telematics device such as Progressive's Snapshot could possibly reduce rates as long as they are good drivers.
• Discounts for Responsible Drivers - Insureds who avoid accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
• Seat Belts Save - Buckling up and requiring all passengers to buckle up before driving could cut 10% or more off the medical payments premium.
• Driver Training Discounts - Participating in a driver safety class is a good idea and can lower rates and easily pay for the cost of the class.
• Student Discounts - Excelling in school may save as much as 25% on a El Paso car insurance quote. Earning this discount can benefit you up until you turn 25.

Policy discounts save money, but most of the big mark downs will not be given to the whole policy. Most only cut specific coverage prices like comp or med pay. So even though it sounds like all those discounts means the company will pay you, nobody gets a free ride.

The information below illustrates the difference between Honda Element annual premium costs with and without policy discounts. The costs are based on a female driver, no violations or claims, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, safe-driver, marriage, and multi-policy discounts applied.

To find car insurance companies that offer some of these discounts in El Paso, click here to view.

Auto insurance data for a Honda Element

The rate table shown next covers different policy rates for Honda Element models. Learning as much as possible about how auto insurance prices are established can benefit drivers when making smart choices when purchasing an auto insurance policy.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in specific El Paso garaging location which can decrease or increase coverage rates noticeably.

Choosing deductibles

One common question asked by El Paso drivers is which comprehensive and collision deductibles to buy. The rates below can help you visualize the premium difference between high and low physical damage coverage deductibles. The first pricing table uses a $250 deductible and the second price chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in vehicle location which can affect price quotes greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $27 more each month or $324 each year across all Honda Element models than quoting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 28 months between claims, you would probably be better off if you decide on a higher deductible.

The illustration below highlights how deductible selection and can raise or lower Honda Element insurance costs for different age categories. Data assumes a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Drive safe and save

The example below shows how speeding tickets and fender-benders can raise Honda Element insurance premiums for different age groups of insureds. The premiums assume a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Full coverage rates compared to liability-only

The example below shows the comparison of Honda Element yearly insurance costs with full coverage and liability only. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no definitive rule for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Honda Element replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it's costing in excess of $400 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some circumstances where only buying liability is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Insurance agencies can help

Some consumers just want to buy from a local agent and doing so can bring peace of mind The best thing about comparing car insurance online is you can get the best rates and also buy local. Buying from and supporting local insurance agencies is especially important in El Paso.

After filling out this quick form, your coverage information gets sent to participating agents in El Paso that can provide free El Paso car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won't have to search for any insurance agencies because quoted prices will be sent to your email. You can find better rates AND an agent nearby. If you need to get a price quote from a particular provider, feel free to go to their quote page and submit a quote form there.

When searching for an insurance agent, it can be helpful to understand the different agency structures and how they operate. Car insurance agencies are classified as either independent or exclusive depending on the company they work for.

Independent Agents

Agents that elect to be independent are not limited to a single company and that allows them to write policies with any number of different companies and find the cheapest rate. If you are not satisfied with one company, they simply move your policy to a different company and the insured can keep the same agent.

If you are comparing rate quotes, you will definitely want to get some free quotes from several independent insurance agents for the best price selection.

Below is a short list of independent agents in El Paso that may be able to give you free car insurance quotes.

More El Paso agents

Exclusive Agents

Exclusive agencies generally can only insure with one company such as State Farm or Allstate. They usually cannot provide prices from multiple companies so you might not find the best rates. They are usually well trained on their company's products which helps them sell on service rather than price.

Below is a short list of exclusive agents in El Paso willing to provide price quote information.

More El Paso agents

Selecting an insurance agent should depend on more than just a cheap price. These are some questions your agent should answer.

• What kind of financial rating does the company have?
• Are there any discounts that you might be missing?
• How much experience to they have in personal lines coverages?
• Are all drivers listed on the coverage quote?
• Do they write coverage based solely on cost?
• Do they carry Errors and Omissions coverage?

After receiving good feedback to any questions you have and an affordable coverage quote, you may have found a car insurance agent that meets your needs to insure your vehicles.

Which policy gives me the best coverage?

Always keep in mind that when comparing insurance from an agent or online for your vehicles, there isn't really a one size fits all plan. Your financial needs are unique so your insurance needs to address that. For example, these questions can aid in determining if your situation would benefit from professional advice.

• Am I covered if I hit my neighbor's mailbox?
• Will my insurance pay for OEM parts?
• Is my cargo covered for damage or theft?
• What companies insure drivers after a DUI or DWI?
• Is my son or daughter covered when driving my car?
• Why do I need rental car insurance?

If you can't answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Why Informed Consumers Pay Less for Honda Element Insurance

Many factors are used in the calculation when quoting car insurance. Some of the criteria are obvious like a motor vehicle report, but others are less apparent like your vehicle usage or your commute time.

• Your address can affect premiums - Being located in small towns and rural areas has it's advantages when talking about auto insurance. Fewer drivers and short commutes translates into fewer accidents. City drivers have to deal with more traffic problems and longer commutes to work. More time commuting means higher likelihood of an accident.
• Low stress employer equals lower rates - Careers such as doctors, business owners, and dentists usually pay the highest rates due to high stress levels and lots of time spent at work. On the other hand, occupations like professors, engineers and homemakers receive lower rates.

• High performance equals high premiums - The make and model of the car, truck or SUV you need to insure makes a substantial difference in determining your rates. The cheapest insurance rates will normally be found when insuring low performance passenger cars, but your final cost has many other factors.

  The data below uses these variables: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It illustrates Honda Element insurance premiums compared to other models of vehicles that have different performance risks.

• Age of drivers - More mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and usually have better credit. Young drivers are statistically proven to be inattentive and easily distracted when behind the wheel so they pay higher auto insurance rates.

  The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Why car insurance is not optional

Despite the high insurance cost for a Honda Element in El Paso, car insurance serves an important purpose.

• Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Element has a lienholder, most lenders will make it a condition of the loan that you have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Honda at a significantly higher premium and force you to reimburse them the higher premium.
• Insurance protects your Honda and your assets. Insurance will also pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay to defend you if you cause an accident and are sued. If your Honda gets damaged, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance are definitely more than the cost, particularly if you ever have a claim. The average driver in Texas overpays more than $855 a year so it's recommended you shop around at every policy renewal to make sure the price is not too high.

Affordable insurance premiums are out there

Discount Honda Element insurance in El Paso is attainable on the web and also from your neighborhood El Paso agents, and you need to price shop both in order to have the best chance of saving money. A few companies don't offer rate quotes online and these regional carriers prefer to sell through independent agents.

When searching for affordable El Paso car insurance quotes, you should never buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed liability limits or collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to find the BEST coverage for the lowest price, but do not sacrifice coverage to save money.

You just read a lot of ways to find cheap Honda Element insurance in El Paso. The most important thing to understand is the more companies you get premium rates for, the higher the chance of saving money. You may even find the best car insurance rates are with a small mutual company. Some small companies can often provide lower premium rates in certain areas as compared to the big name companies such as Progressive and GEICO.

Additional information is available at the links below

• Understanding Rental Car Insurance (Insurance Information Institute)
• Neck Injury FAQ (iihs.org)
• Distracted Driving Statistics (Insurance Information Institute)