Compare Honda Element Insurance Rate Quotes in Irvine

Statistics show that the vast majority of car insurance customers have bought car insurance from the same company for more than four years, and 38% of drivers have never compared quotes from other companies. Irvine drivers can cut their rates by about 35% a year just by shopping around, but they just don’t understand how easy it is to compare rates.

Insurance for Honda ElementThe best way we recommend to get the cheapest Honda Element insurance in Irvine is to compare prices once a year from insurers who can sell car insurance in California.

The most important part of shopping around is that you’ll want to compare the same deductibles and limits on every quote and and to get price quotes from as many carriers as you can. This guarantees an apples-to-apples comparison and the best price quote selection.

Car insurance data for a Honda Element

The table below highlights detailed analysis of coverage prices for Honda Element models. Having insight into how auto insurance prices are calculated can help you make smart choices when comparing insurance rates.

Honda Element Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $266 $524 $574 $34 $172 $1,570 $131
Element LX 4WD $266 $524 $574 $34 $172 $1,570 $131
Element EX 2WD $266 $524 $574 $34 $172 $1,570 $131
Element EX 4WD $266 $524 $574 $34 $172 $1,570 $131
Element SC 2WD $266 $524 $574 $34 $172 $1,570 $131
Get Your Own Custom Quote Go

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in vehicle garaging location which can lower or raise prices considerably.

An analysis of deductible level

One of the most common car insurance questions is how high should the physical damage deductibles be. The data tables below may help to illustrate how much more rates are when you buy lower versus higher policy deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Honda Element insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $380 $686 $442 $26 $132 $1,691 $141
Element LX 4WD $380 $686 $442 $26 $132 $1,691 $141
Element EX 2WD $380 $686 $442 $26 $132 $1,691 $141
Element EX 4WD $380 $686 $442 $26 $132 $1,691 $141
Element SC 2WD $380 $686 $442 $26 $132 $1,691 $141
Get Your Own Custom Quote Go

Honda Element insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $210 $362 $442 $26 $132 $1,172 $98
Element LX 4WD $210 $362 $442 $26 $132 $1,172 $98
Element EX 2WD $210 $362 $442 $26 $132 $1,172 $98
Element EX 4WD $210 $362 $442 $26 $132 $1,172 $98
Element SC 2WD $210 $362 $442 $26 $132 $1,172 $98
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location information which can decrease or increase coverage rates substantially.

Based on the figures above, using a $100 deductible costs approximately $43 more each month or $516 for a full year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 21 months between claims, you would more than likely save some money if you elect the higher deductible. Here’s the way we made this calculation.

Average monthly premium for $100 deductibles: $141
Average monthly premium for $1,000 deductibles (subtract): – $98
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

Careless drivers pay higher rates

The illustration below demonstrates how traffic citations and accident claims can influence Honda Element insurance prices for different age groups. The price estimates are based on a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

How much more does full coverage cost?

The information below compares Honda Element car insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on a clean driving record, no claims, $100 deductibles, single marital status, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no clear-cut formula to exclude physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Honda Element settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying over $500 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Get Cheaper Auto Insurance with These Tips

Many things are used when premium rates are determined. A few of the factors are predictable such as traffic violations, although others are not quite as obvious such as whether you are married or your financial responsibility. It’s important that you understand some of the things that aid in calculating your premiums. If you have a feel for what determines premiums, this allows you to make good choices that may reward you with much lower annual insurance costs.

Listed below are most of the major factors auto insurance companies consider when setting prices.

Best car insurance in California

Insuring your vehicle with a highly-rated insurance provider can be rather challenging considering how many companies sell coverage in Irvine. The ranking data in the next section can help you pick which companies to look at purchasing coverage from.

Top 10 Irvine Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

Top 10 Irvine Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA of Southern California – 92%
  4. AAA Insurance – 91%
  5. Nationwide – 90%
  6. State Farm – 90%
  7. The Hartford – 89%
  8. GEICO – 89%
  9. The General – 88%
  10. 21st Century – 88%

More quotes mean more car insurance savings

Cost effective Honda Element insurance can be purchased online in addition to many Irvine insurance agents, and you should compare rates from both so you have a total pricing picture. Some car insurance companies do not provide the ability to get a quote online and these small, regional companies only sell through independent insurance agents.

Consumers leave their current company for many reasons like unfair underwriting practices, policy non-renewal, being labeled a high risk driver and high rates after DUI convictions. Regardless of your reason, finding a new car insurance company is easier than you think.

In this article, we presented a lot of ways to shop for Honda Element insurance online. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper Irvine auto insurance quotes. You may even be surprised to find that the best price on car insurance is with a lesser-known regional company.

Even more information is located in the articles below: