Honda Element Insurance Quotes in Cleveland

Regrettably, nearly 70% of drivers renewed their policy with the same company for at least four years, and 38% of customers have never shopped around. The average driver in Cleveland could save an average of roughly $729 each year by just comparing quotes, but they don’t believe how much they could save if they bought a different policy.

Truthfully, the best way to find low-cost Honda Element insurance is to do an annual price comparison from companies who can sell car insurance in Cleveland. Drivers can shop around by following these steps.

Step 1: Get an understanding of how car insurance works and the factors you can control to prevent high rates. Many risk factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a negative credit score can be controlled by making minor changes in your lifestyle.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like Progressive and State Farm, while independent agencies can provide rate quotes from many different companies.

Step 3: Compare the price quotes to your existing rates to determine if switching companies saves money. If you can save some money and buy the policy, make sure coverage does not lapse between policies.

A good tip to remember is that you’ll want to compare similar limits and deductibles on every quote request and and to get price estimates from every insurance company. Doing this provides a level playing field and a thorough price selection.

Many insurance companies such as Progressive, GEICO, Allstate and State Farm allow you to get insurance quotes from their websites. Comparing Honda Element insurance rates online is quite simple as all you need to do is type in the coverages you want as detailed in the form. Once you submit the form, their system obtains information on your driving record and credit history and returns a price based on these factors.

This helps simplify price comparisons, and it is imperative to compare as many rates as possible in order to get cheap insurance pricing.

To save time and use this form to compare rates, take a look at the companies shown below. If you currently have coverage, we recommend you copy your coverages identical to your current policy. This makes sure you will have comparison quotes for exact coverage.

The companies shown below can provide price quotes in Ohio. If you wish to find the cheapest car insurance in Ohio, we recommend you click on several of them in order to find the most competitive rates.

Analysis of coverages

The coverage table shown next showcases detailed analysis of insurance rates for Honda Element models. Being aware of how prices are figured is important for making informed decisions when shopping around for a new policy.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in specific zip code location which can raise or lower premium rates significantly.

Car insurance deductibles

One common question asked by Cleveland drivers is the level to set your comp and collision deductibles. The figures shown below show the rate difference when you buy lower versus higher physical damage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price information does not factor in specific location information which can modify coverage prices considerably.

We can estimate from the data above that using a $100 deductible will cost you about $16 more each month or $192 each year averaged for all Element models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 25 months between claim filings, you would come out ahead going with the higher deductible. Here’s an example of how we made this calculation.

One thing to note is that higher deductibles means you will have to pay more out-of-pocket when you do file a claim. It will be required that you have enough disposable savings in the event you have to pay the higher deductible.

Driving violations and accidents

The example below shows how speeding tickets and fender-benders raise Honda Element insurance costs for each different age category. The premiums are based on a married male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

Cleveland Insurance Rates are Influenced by These Factors

Lots of things are part of the equation when you quote your car insurance policy. Most are fairly basic like your driving record, although some other factors are less apparent such as your marital status and annual miles driven.

• Never have insurance lapses – Going without insurance is a fast way to increase your renewal premiums. And not only will insurance be more expensive, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
• Married people drive safer – Having a significant other may save some money on your insurance policy. Having a spouse means you’re more financially stable and it’s statistically proven that married drivers get in fewer accidents.
• Safer cars mean better insurance rates – Cars with high safety ratings are cheaper to insure. These vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means less money paid by your insurance company which can mean better rates for you.
• Liability coverage is cheap – The liability section of your policy kicks in if you are responsible for damages from an accident. This coverage provides legal defense coverage up to the limits shown on your policy. This coverage is relatively inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
• Keep insurance claims to a minimum – Car insurance companies in Ohio award most affordable rates to drivers that do not abuse their auto insurance. If you’re an insured who likes to file claims you can pretty much guarantee either higher rates or even cancellation. Your car insurance is intended to be relied upon for larger claims.
• You may save more by bundling policies – Most major insurance companies will give better rates to customers that buy multiple policies in the form of a multi-policy discount. The discount can add up to 10 percent or more. If you currently are using one company, you may still want to compare other Cleveland Element insurance rates to help guarantee you have the best rates. It’s possible to still save even more than the discount by buying insurance from more than one company.
• Low physical damage deductibles cost more – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some examples of covered claims could be colliding with a building, damage caused by hail, and windstorm damage. Comprehensive and collision coverage deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. The more you’re willing to pay, the lower your rates will be.

Why auto insurance is not optional

Despite the high insurance cost for a Honda Element in Cleveland, buying auto insurance serves a purpose in several ways.

• Most states have minimum mandated liability insurance limits which means state laws require specific limits of liability protection if you want to drive 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 took out a loan on your Honda, it’s guaranteed your bank will make it a condition of the loan that you have full coverage to guarantee loan repayment. If the policy lapses, the lender may have to buy a policy to insure your Honda at an extremely high rate and force you to pay for the expensive policy.
• Auto insurance preserves your Honda and your assets. It also can pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of your driving. If your car is damaged in a storm or accident, your auto insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. An average driver in America is overpaying more than $800 each year so you should quote rates at every renewal to be sure current rates are still competitive.