We don’t have to point out that fact that car insurance companies don’t want you to look at other companies. Consumers who shop around will presumably buy a new policy because of the good chance of finding lower prices. A recent auto insurance study revealed that people who made a habit of comparing rate quotes saved an average of $3,450 over four years compared to policyholders who never shopped for cheaper rates.
If finding the cheapest price on Honda Element insurance in Aurora is why you’re reading this, then learning about how to shop and compare coverage rates can save money and time.
To save the most money, the best way to find discount Honda Element insurance in Aurora is to make a habit of regularly comparing prices from different companies in Colorado. Drivers can shop around by following these guidelines.
- Step 1: Learn about policy coverages and the measures you can take to prevent high rates. Many risk factors that are responsible for high rates like speeding and a low credit rating can be remedied by making lifestyle changes or driving safer.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like Progressive or Allstate, while independent agencies can provide price quotes for a wide range of companies.
- Step 3: Compare the quotes to your existing policy to determine if you can save on Element insurance in Aurora. If you can save some money and make a switch, make sure coverage is continuous and does not lapse.
- Step 4: Provide notification to your current agent or company of your intent to cancel your current auto insurance policy and submit a down payment along with a completed application for the new coverage. As soon as coverage is bound, put the new certificate verifying proof of insurance along with your vehicle registration.
The key thing to know about shopping around is to compare identical deductibles and limits on each price quote and to quote with as many auto insurance providers as possible. Doing this ensures a level playing field and the best rate selection.
If you are already insured, you will be able to reduce premiums using this information. Our objective in writing this article is to help you learn how auto insurance companies operate and also save some money in the process But Colorado car owners do need to understand how companies determine how much to charge.
The best way we recommend to get policy rate comparisons for Honda Element insurance in Aurora is to know the fact all the major auto insurance companies provide online access to give you rate quotes. To begin a comparison, all you need to do is provide the companies a bit of rating information including if you are currently licensed, if the vehicle is leased, daily mileage, and deductibles desired. Your details gets sent immediately to multiple auto insurance providers and you will receive price estimates with very little delay.
To get price quotes for your Honda Element now, click here and see if a lower rate is available in Aurora.
The following companies are our best choices to provide free quotes in Colorado. If you want to find cheap auto insurance in Aurora, CO, it’s highly recommended you visit several of them in order to find the cheapest rates.
Auto insurance discounts help lower rates for Honda Element insurance in Aurora
Auto insurance can be pricey, but you might already qualify for some discounts that you may not even know about. Some discounts will apply when you purchase, but some may not be applied and must be requested specifically before you will receive the discount.
- Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. The discount lasts until age 25.
- Life Insurance – Auto insurance companies who offer life insurance give a discounted rate on car insurance if you buy life insurance.
- Air Bags and Passive Restraints – Options like air bags or motorized seat belts could see savings up to 30%.
- Anti-lock Brake Discount – Cars that have anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Driver Training Discounts – Participating in a class that teaches driver safety techniques could save 5% or more depending on where you live.
- Low Mileage Discounts – Fewer annual miles on your Honda could earn lower prices on the low mileage vehicles.
- Accident Forgiveness Coverage – This one isn’t a discount, but a few companies such as Liberty Mutual, Allstate and State Farm will forgive one accident without the usual rate increase if you have no claims for a specific time period.
As a footnote on discounts, most discount credits are not given to the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, you aren’t that lucky.
The chart below illustrates the comparison of Honda Element car insurance rates with and without discounts being applied to the rates. The rates are based on a female driver, no accidents, no driving violations, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, safe-driver, multi-car, and homeowner discounts applied.
A few popular companies and some of their more popular discounts are shown below.
- Farm Bureau may offer discounts for multi-policy, renewal discount, youthful driver, driver training, and multi-vehicle.
- State Farm includes discounts for multiple policy, passive restraint, student away at school, defensive driving training, and multiple autos.
- Progressive offers premium reductions for homeowner, online quote discount, multi-policy, continuous coverage, online signing, good student, and multi-vehicle.
- Allstate offers discounts for teenSMART discount, economy car, EZ pay plan discount, premier plus, and early signing.
- Nationwide discounts include easy pay, business or organization, good student, accident-free, and defensive driving.
- MetLife may include discounts for claim-free, good student, defensive driver, accident-free, good driver, and multi-policy.
Double check with each insurance company what discounts are available to you. Some credits may not apply to policies in Aurora. For a list of providers that offer discounts in Aurora, click here.
Premium rates and analysis
The data table shown next showcases a range of insurance premium costs for Honda Element models. Understanding how insurance premiums are figured can be useful when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element LX 4WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element EX 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element EX 4WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element SC 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in your specific Aurora location which can raise or lower coverage prices noticeably.
Insurance deductibles
One of the more difficult decisions when buying insurance is what deductibles to buy. The figures shown below can help illustrate the difference in cost when you buy lower versus higher coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Element LX 4WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Element EX 2WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Element EX 4WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Element SC 2WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element LX 4WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element EX 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element EX 4WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Element SC 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can change rates noticeably.
We can derive from the above data that using a $100 deductible will cost you about $24 more each month or $288 a year averaged for all Element models than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 17 months between claims, you would probably save some money if you choose a higher deductible. The illustration below shows a better example of how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $113 |
| Average monthly premium for $500 deductibles (subtract): | – $89 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
An important sidenote is that increasing deductibles to save money means you pay more out-of-pocket when you have a claim. That will require some extra savings in the event you need to pay the deductible to have repairs made.
Premiums by gender and age
The example below shows the comparison of Honda Element insurance costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Full coverage versus liability-only in Aurora
The illustration below shows the comparison of Honda Element car insurance costs when comparing full coverage to state minimum liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.
When to buy liability coverage only
There is no exact rule to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your Honda Element replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying the physical damage deductible. If you are currently paying more than $300 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Learn How to Lower Your Insurance Rates
When buying car insurance it’s important to understand some of the things that help determine the price you pay for car insurance. When you understand what impacts premium levels, this allows you to make educated decisions that can earn you cheaper rates.
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Performance impacts insurance costs – The performance level of the car or truck you need insurance for makes a big difference in the rate you pay. The best insurance prices are for the lowest performance passenger vehicles, but there are many factors that impact the final cost.
The next chart uses these assumptions: single female driver age 30, full coverage with $100 deductibles, and no discounts or violations. It illustrates Honda Element car insurance rates compared to other models of vehicles that have different performances.
- Insure your auto and home with one company – Most larger insurers allow discounts to clients that have more than one policy. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. If you currently are using one company, you still need to comparison shop to help guarantee you have the best rates.There is a chance you can find better rates by insuring with multiple companies.
- Filing claims can increase rates – Car insurance companies in Colorado provide the best rates to drivers who do not rely on their insurance for small claims. If you are a frequent claim filer, you can look forward to either policy cancellation or increased premiums. Insurance coverage is intended for major claims that would cause financial hardship.
- If you don’t need it don’t buy it – Insurance policies have a lot of add-on coverages that can waste your money if you aren’t careful. Insurance for personal injury protection, death and dismemberment, and Farm Bureau memberships could be just wasting money. The coverages may be enticing when buying your policy, but your needs may have changed so eliminate them to save money.
- Prevent theft and save – Selecting a car model with a theft deterrent system can earn a premium discount. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent your vehicle from being stolen.
- Drive less and save – The more miles you rack up on your Honda in a year’s time the higher your rates will be. The majority of insurers charge to insure your cars partially by how you use the vehicle. Cars and trucks not used for work or commuting receive lower rates than vehicles that are driven to work every day. It’s always a good idea to double check that your declarations sheet is showing the right rating data. Incorrect rating for your Element may be costing you higher rates.
What if I want to buy from local Aurora auto insurance agents?
A lot of people still prefer to get advice from a local agent and that is a smart decision The best thing about getting online price quotes is you may find cheap auto insurance rates and still buy from a local agent. Putting coverage with local insurance agencies is important particularly in Aurora.
After filling out this quick form, the coverage information is submitted to local insurance agents in Aurora who will give competitive quotes to get your business. There is no need to visit any agencies due to the fact that quote results will go to you. You can find the lowest rates and an insurance agent to talk to. If you have a need to compare prices from a specific insurance company, don’t hesitate to search and find their rate quote page and submit a quote form there.
If you want to use a good Aurora insurance agent, there are two types of insurance agents and how they operate. Agents in Aurora can be classified as either exclusive agents or independent agents.
Independent Auto Insurance Agents (or Brokers)
Independent agents often have many company appointments and that allows them to write policies amongst many companies and potentially find a lower price. If prices rise, an independent agent can move your coverage which makes it simple for you.
If you are comparing rate quotes, you need to check rates from multiple independent agents to maximize your price options. Many independent agencies also insure through small mutual carriers which may have better rates.
Featured below is a list of independent agents in Aurora who can help you get price quote information.
- Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220 – View Map - All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000 – View Map - Dickson Insurance Agency
4093 S Olathe Ct – Aurora, CO 80013 – (303) 693-1936 – View Map
Exclusive Auto Insurance Agents
Agents of this type can usually just insure with one company like State Farm, Allstate, or Farmers Insurance. They generally cannot compare other company’s rates so they have to upsell other benefits. They are very knowledgeable on what they offer which helps them compete with independent agents. Consumers often buy insurance from these agents mainly due to high brand loyalty rather than low price.
Shown below is a list of exclusive agents in Aurora who can help you get rate quotes.
- American Family Insurance – Rick Laikola Agency Inc.
3102 S Parker Rd Ste A16 – Aurora, CO 80014 – (303) 696-2666 – View Map - State Farm Insurance Agency – Jason Hart
15201 E Moncrieff Pl e – Aurora, CO 80011 – (720) 920-9043 – View Map - Allstate Insurance: Roger Francis
18757 E Hampden Ave Ste 154 – Aurora, CO 80013 – (303) 792-3460 – View Map
Picking an auto insurance agent requires you to look at more than just the price. A good agent in Aurora will have answers to these questions.
- Do they make recommendations based only on price?
- Do the coverages you’re quoting properly cover your vehicle?
- Which company do they place the most coverage with?
- Is there a Errors and Omissions policy in force?
- Does their agency support local causes in Aurora?
- Is the agent CPCU or CIC certified?
Quote. Compare. Save.
As you quote Aurora auto insurance, do not reduce coverage to reduce premium. There have been many cases where an insured cut liability limits or collision coverage and discovered at claim time that it was a big error on their part. Your goal is to buy the best coverage you can find at the best cost while not skimping on critical coverages.
You just learned a lot of information how to reduce Honda Element insurance prices online in Aurora. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. Drivers may even discover the lowest prices are with the least-expected company.
Drivers who switch companies do it for a number of reasons such as delays in responding to claim requests, policy non-renewal, poor customer service and even high prices. Whatever your reason, finding a great new company is actually quite simple.
Additional information can be found on the following sites:
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Who Has the Cheapest Aurora Car Insurance Rates for Police Officers? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- What is Covered by GAP Insurance? (Allstate)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Five Mistakes to Avoid (Insurance Information Institute)