How to Save on Sacramento Honda Element Insurance

Truthfully, the best way to get affordable Honda Element insurance is to start comparing prices yearly from insurance carriers who provide auto insurance in Sacramento. This can be done by completing these steps.

1. Try to understand the different coverages in a policy and the things you can control to lower rates. Many policy risk factors that cause high rates such as distracted driving and poor credit history can be improved by being financially responsible and driving safely.
2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from many different companies.
3. Compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find better rates, make sure there is no coverage gap between policies.

One piece of advice is that you use the same amount of coverage on each price quote and and to analyze every company you can. Doing this provides an accurate price comparison and a complete rate analysis.

It’s a fact that auto insurance companies want to keep you from comparing prices. Insureds who shop around for the cheapest price will, in all likelihood, move their business because there is a high probability of finding a lower-cost company. A recent survey found that drivers who did price comparisons regularly saved over $3,500 over four years compared to people who never shopped around for lower prices.

If finding the lowest price on Honda Element insurance in Sacramento is your objective, then having an understanding of how to shop and compare cheaper coverage can help make the process easier.

If you have insurance now or want to find a cheaper company, take advantage of these tips to shop for the lowest rates while maintaining coverages. Buying the cheapest auto insurance in Sacramento is actually quite simple. You just need to learn the fastest way to compare rate quotes from many different companies online.

The quickest way to get policy rate comparisons for Honda Element insurance in Sacramento utilizes the fact car insurance companies actually pay money for the chance to provide you with a free rate quote. The only thing you need to do is provide the companies a bit of rating information such as driver ages, your education level, if your license is active, and whether you are single or married. Your details is then sent to insurance companies and you should receive rate quotes immediately.

To check rates for your car now, click here and enter your coverage details.

The companies shown below are our best choices to provide free rate quotes in California. In order to find the best cheap car insurance in California, we recommend you get price quotes from several of them in order to find the most affordable rates.

Slash your car insurance rates with discounts

Not too many consumers would say car insurance is affordable, but you might already qualify for some discounts that you may not even know about. Some discounts will apply at the time of purchase, but a few need to be requested specifically before you will receive the discount. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

• Drivers Ed for Students – Teen drivers should enroll in driver’s education as it can save substantially.
• Policy Bundle Discount – If you can bundle your homeowners and auto insurance with the same company you may earn up to 20% and get you low cost Honda Element insurance.
• Senior Citizens – Drivers that qualify as senior citizens could receive better car insurance rates.
• College Student Discount – Youth drivers who live away from home to go to college without a vehicle on campus could get you a discount.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out some life insurance too.
• Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote Sacramento car insurance but check with your company.
• Theft Prevention System – Cars equipped with anti-theft or alarm systems have a lower chance of being stolen and can earn a small discount on your policy.

While discounts sound great, it’s important to understand that most credits do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability and collision coverage. So even though you would think having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

The example below shows the comparison of Honda Element insurance prices with and without discounts applied to the rates. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, marriage, multi-car, and homeowner discounts applied.

A list of car insurance companies and some of the premium reductions they offer can be read below.

• Travelers discounts include driver training, new car, multi-car, student away at school, and continuous insurance.
• 21st Century offers discounts including early bird, theft prevention, air bags, 55 and older, anti-lock brakes, good student, and student driver.
• State Farm has discounts for accident-free, anti-theft, passive restraint, good student, multiple policy, and Steer Clear safe driver discount.
• GEICO has savings for five-year accident-free, emergency military deployment, military active duty, good student, and daytime running lights.
• SAFECO policyholders can earn discounts including anti-theft, teen safety rewards, multi-car, bundle discounts, and drive less.
• AAA may offer discounts for pay-in-full, AAA membership discount, anti-theft, good student, good driver, and multi-car.

Before purchasing a policy, check with every insurance company which discounts can lower your rates. Some credits might not apply in Sacramento. If you would like to see a list of insurance companies with the best Honda Element insurance discounts in Sacramento, click here.

Detailed insurance information

The data table below covers a range of insurance costs for Honda Element models. Being able to understand how insurance policy rates are established can be useful when making informed decisions when comparing rates.

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate information does not factor in vehicle garaging location which can impact prices significantly.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is which deductibles should you choose. The premium rates below may help to illustrate the rate fluctuation between low and high policy deductibles. The first rate table uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in specific location information which can influence premium rates significantly.

Using the data above, we can ascertain that using a $100 deductible costs approximately $43 more each month or $516 annually than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 21 months between claims, you would more than likely save some money if you elect the higher deductible.

The information below highlights how deductible selection and can raise or lower Honda Element annual premium costs for different age groups of insureds. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

How accidents and violations affect rates

The example below highlights how traffic violations and fender-benders drive up Honda Element auto insurance costs for different age groups of insureds. The premiums assume a married male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

Insurance premiums for males and females

The example below visualizes the comparison of Honda Element auto insurance costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, full coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The example below illustrates the comparison of Honda Element car insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There is no exact formula for eliminating full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Honda Element replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying your deductible. If you are paying more than $200 a year for your policy with full coverage, then you might consider buying liability only.

There are some scenarios where only buying liability is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Informed Decisions Result in Lower Insurance Rates

When buying auto insurance it’s important to understand the different types of things that come into play when calculating your policy premiums. When you know what positively or negatively influences your rates, this allows you to make educated decisions that may reward you with lower rates.

• Your address can push rates up or down – Being located in a small town is a good thing when trying to find low car insurance rates. Lower population translates into fewer accident claims. People who live in big cities regularly have traffic congestion and longer commute times. Spending more time driving means a statistically higher chance of an accident.

• Teenage drivers pay high prices – Beginning drivers in California are proven to get distracted easily with other occupants in the car so they pay higher auto insurance rates. Older insureds are more cautious drivers, file fewer claims, and receive fewer citations.

  The next chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Don’t let your auto insurance policy lapse – Having an insurance coverage lapse can be a quick way to increase your auto insurance rates. And not only will insurance be more expensive, being ticketed for driving with no insurance will get you fines or a revoked license.
• Single drivers may pay higher rates – Your spouse may save some money on auto insurance. Marriage generally demonstrates drivers are more stable financially and insurance companies reward insureds because married couples file fewer claims.

• Performance impacts insurance costs – The performance of the vehicle you are trying to find cheaper insurance for makes a huge difference in your premium level. The lowest base rates tend to be for smaller low performance passenger models, but that’s not the only thing that factors into the final price.

  The following chart is based on a single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Honda Element car insurance rates compared to other models of vehicles that have a range of risk factors.

• Save money by raising deductibles – Comprehensive and collision coverage deductibles are how much you are required to spend out-of-pocket if a covered claim is submitted. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, vandalism, or theft of your vehicle. The higher the amount you choose to pay out-of-pocket, the lower your rates will be.
• Your credit rating is important – Having a bad credit score will be a significant factor in determining what you pay for auto insurance. People that have high credit ratings tend to be more responsible than those with worse credit. If your credit history is not that good, you could potentially save money when insuring your Honda Element by improving your credit score.
• Extra policy coverages that aren’t used – There are a ton of extra bells and whistles you can purchase when buying auto insurance. Coverage for things like rental car coverage, death and dismemberment, and Farm Bureau memberships are some examples. You may think they are a good idea at first, but your needs may have changed so remove them from your policy.