Cheapest 2003 Honda Element Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 12, 2022

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Searching for better insurance rates for your Honda Element? Locating better insurance prices for a Honda Element can be a painful process, but you can learn a few tricks to make it easier. There are more efficient ways to compare insurance rates so you’re going to learn the best way to get price quotes for a new or used Honda and obtain the best price possible from both online companies and local agents.

It’s a great practice to check insurance prices occasionally since insurance rates are variable and change quite frequently. Just because you found the best rates for Element coverage a few years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because you’re about to learn the best methods to lower your rates without sacrificing coverage.

Insurance Comparison Rates

Shopping for lower insurance rates can be a lot of work if you don’t know the fastest way to get free quotes. You can waste a few hours (or days) driving to agents in your area, or you could use online quoting to accomplish the same thing much quicker.

Many popular insurance companies participate in an industry program that allows shoppers to submit one quote, and each participating company returns a rated price for coverage. This prevents consumers from doing quote forms for every insurance company.

To get comparison pricing now click to open in new window.

The only downside to doing it this way is you can’t choose the providers to get quotes from. So if you prefer to pick individual companies to compare, we have assembled a list of the cheapest insurance companies in your area. View list of insurance companies.

However you get your quotes, ensure you are comparing the exact same information for every company. If you enter differing limits then you won’t be able to make a fair comparison for your Honda Element.

Discounts to lower 2003 Honda Element insurance rates

Companies offering auto insurance don’t always advertise all available discounts in a way that’s easy to find, so here is a list some of the more common and also the lesser-known savings tricks you should be using. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Discount for Swiching Early – Select companies give a discount for signing up before your current expiration date. The savings is around 10%.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
  • Distant Student – Children who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Good Student Discount – Performing well in school can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Organization Discounts – Belonging to a civic or occupational organization may earn a discount on your policy for Element coverage.
  • Sign Online – Certain companies will discount your bill up to fifty bucks for buying your policy digitally online.
  • Homeowners Savings – Simply owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • New Car Discount – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.

Consumers should know that most credits do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of companies who offer insurance coverage discounts, click here.

Factors determining your Honda Element insurance premium

Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that could result in lower auto insurance prices.

  • Liability insurance protects assets – Liability insurance is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. Liability provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.
  • Car features impact rates – Driving a car with a theft deterrent system can help lower your rates. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • No coverage gaps is important – Not having insurance is a misdemeanor and your next policy will cost more because you let your coverage have a gap. Not only will rates go up, but not being able to provide proof of insurance may earn you a revoked license or a big fine.You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Frequent auto insurance claims increase rates – Auto insurance companies generally give cheaper rates to people who do not file claims often. If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Car insurance is designed for the large, substantial claims.
  • Do you have a high stress job? – Did you know that where you work can have an impact on rates? Occupations like lawyers, executives and financial analysts tend to have higher average rates because of stressful work requirements and lengthy work days. Conversely, occupations such as farmers, engineers and homemakers receive lower rates for Element coverage.
  • How your age affects price – Older drivers are more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Teenage drivers are statistically proven to get distracted easily behind the wheel therefore auto insurance rates are much higher.
  • Marriage brings a discount – Having a spouse actually saves money when buying auto insurance. Having a significant other translates into being more responsible it has been statistically shown that drivers who are married are more cautious.
  • What are your deductibles? – The deductibles define the amount you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, damage caused by hail, and windstorm damage. The more expense you have to pay, the less your company will charge you for insurance for Element coverage.

Tailor your coverage to you

When choosing the right insurance coverage, there really is no “perfect” insurance plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover whether your personal situation might need professional guidance.

  • Am I covered when driving on a suspended license?
  • Am I insured when driving a different vehicle?
  • Is upholstery damage covered by car insurance?
  • Am I missing any policy discounts?
  • How do I buy GAP insurance?
  • Do I need more liability coverage?
  • Can I make deliveries for my home business?
  • How can I get high-risk coverage after a DUI?
  • Do I need PIP coverage since I have good health insurance?
  • Will my insurance pay for OEM parts?

If you can’t answer these questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form. It is quick, free and can provide invaluable advice.

Specific coverages for a Honda Element

Understanding the coverages of a auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses for hospital visits, doctor visits, dental work and pain medications. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, fire damage, falling objects and vandalism. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Honda Element.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Collision protection

This will pay to fix damage to your Element from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Auto liability

This coverage protects you from injuries or damage you cause to a person or their property. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged property.

Liability can pay for claims such as structural damage, bail bonds, loss of income and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

A little work can save a LOT of money

Low-cost 2003 Honda Element insurance is definitely available on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection. Some insurance providers may not provide online price quotes and these small insurance companies work with independent agents.

Throughout this article, we presented a lot of tips how to lower your insurance rates. It’s most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. Consumers could even find that the lowest priced insurance coverage comes from a smaller regional carrier.

Insureds leave their current company for a variety of reasons including denial of a claim, policy cancellation, poor customer service and unfair underwriting practices. Regardless of your reason, finding the right insurance coverage provider can be pretty painless.

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