Honda Element Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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How much is full insurance coverage per month for a Honda Element? The average Honda Element auto insurance policy costs $93 a month, or $1,124 a year. Read on to learn what drivers can do to save on Honda Element insurance rates and other vehicles.

To start comparison shopping for Honda Element insurance rates, enter your ZIP code in our free tool above.

Average insurance rates for a Honda Element are $924 a year for full coverage. Comprehensive costs on average $140 a year, collision costs $166, and liability insurance costs $460. A liability-only policy costs as little as $510 a year, with high-risk insurance costing around $1,984. Teen drivers receive the highest rates at $3,788 a year or more.

Average premium for full coverage: $924

Rate estimates by individual coverage type:

Comprehensive $140
Collision $166
Liability $460

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Element trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $510 for only liability insurance to a high of $1,984 for a high risk driver.

Liability Only $510
Full Coverage $924
High Risk $1,984

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $693
Small Cities $970
Large Cities $1,247

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Insurance Rate Analysis

The chart below shows estimated Honda Element insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $570
  • Drivers who choose higher $1,000 deductibles will pay around $854 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $924
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,054
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $1,984 or more
  • The cost for full coverage for a teen driver may cost $3,788 a year

View Chart as Image

Honda Element insurance cost comparison chart
Column chart showing full coverage Honda Element insurance rates range from $570 to $3,788

for a Honda Element can also vary considerably based on your driver profile, the trim level of your Element, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $3,700 a year. View Rates by Age

Where you live makes a big difference in Honda Element insurance rates. A 40-year-old driver could pay as low as $610 a year in states like Idaho, Maine, and Iowa, or as much as $1,320 on average in Michigan, Louisiana, and New York.

Honda Element Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $836 -$88 -9.5%
Alaska $708 -$216 -23.4%
Arizona $768 -$156 -16.9%
Arkansas $924 -$0 0.0%
California $1,052 $128 13.9%
Colorado $884 -$40 -4.3%
Connecticut $950 $26 2.8%
Delaware $1,046 $122 13.2%
Florida $1,156 $232 25.1%
Georgia $852 -$72 -7.8%
Hawaii $664 -$260 -28.1%
Idaho $626 -$298 -32.3%
Illinois $688 -$236 -25.5%
Indiana $694 -$230 -24.9%
Iowa $622 -$302 -32.7%
Kansas $878 -$46 -5.0%
Kentucky $1,262 $338 36.6%
Louisiana $1,368 $444 48.1%
Maine $570 -$354 -38.3%
Maryland $762 -$162 -17.5%
Massachusetts $742 -$182 -19.7%
Michigan $1,606 $682 73.8%
Minnesota $774 -$150 -16.2%
Mississippi $1,106 $182 19.7%
Missouri $820 -$104 -11.3%
Montana $994 $70 7.6%
Nebraska $730 -$194 -21.0%
Nevada $1,108 $184 19.9%
New Hampshire $666 -$258 -27.9%
New Jersey $1,034 $110 11.9%
New Mexico $820 -$104 -11.3%
New York $974 $50 5.4%
North Carolina $532 -$392 -42.4%
North Dakota $756 -$168 -18.2%
Ohio $640 -$284 -30.7%
Oklahoma $950 $26 2.8%
Oregon $846 -$78 -8.4%
Pennsylvania $882 -$42 -4.5%
Rhode Island $1,234 $310 33.5%
South Carolina $838 -$86 -9.3%
South Dakota $780 -$144 -15.6%
Tennessee $810 -$114 -12.3%
Texas $1,114 $190 20.6%
Utah $684 -$240 -26.0%
Vermont $634 -$290 -31.4%
Virginia $554 -$370 -40.0%
Washington $716 -$208 -22.5%
West Virginia $846 -$78 -8.4%
Wisconsin $640 -$284 -30.7%
Wyoming $824 -$100 -10.8%

View Chart as Image

Honda Element insurance rates by U.S. city

Choosing high deductibles could save up to $200 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $414 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,100 to $1,600 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 42% to 132% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

Insurance Rates by Trim Level and Model Year

Honda Element Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Honda Element LX 2WD $906 $76
Honda Element LX 4WD $906 $76
Honda Element EX 2WD $924 $77
Honda Element EX 4WD $924 $77
Honda Element SC 2WD $924 $77

Rates assume 2005 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Honda Element Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2008 Honda Element $156 $210 $474 $998
2006 Honda Element $142 $170 $468 $938
2005 Honda Element $140 $166 $460 $924
2004 Honda Element $136 $160 $452 $906
2003 Honda Element $126 $152 $446 $882

Rates are averaged for all Honda Element models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheaper Honda Element Insurance

Saving money on Honda Element insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $200 each year
  • Drivers can save as much as $100 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $510 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $316 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,060 more each year for insurance

Shopping for Honda Element insurance rates is one of the best ways to reduce rates. It will also help you discover how much does a new Honda Element cost in comparison to an older model, such as a 2010 model.

To find rates on multiple Honda Element years, enter your ZIP code in our free tool below.

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What are the safety ratings of the Honda Element?

How much is insurance on a 2020 Honda Element? Good Honda Element safety ratings can help lower insurance costs, so a 2020 Honda Element with all the latest safety features and good crash test ratings may be cheaper to insure than an older model with poor safety features.

The Honda Element has some great safety features: 4-wheel anti-lock braking system (ABS), vehicle stability assist (VSA), side-impact door beams, and a tire pressure monitoring system. The Insurance Institute for Highway Safety (IIHS) also awarded the Honda Element with a 2011 Top Safety Pick award, as it tested well in the following crash tests:

  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

The video below shows an example of one of the Honda Element’s crash tests.

Honda Element Compared Against Other Vehicles in the Same Class

The Honda Element is classified as a small SUV, and SUVS are prone to having higher liability insurance losses. However, the IIHS does not have data on how the Honda Element’s liability losses compare to other small SUVs. To see how other small SUVs’ rates compare to the Honda Elements’ rates, take a look at the list below.

To jump right into finding the best Honda Element insurance rates, enter your ZIP code in our free tool.

References

  1. https://www.iihs.org/ratings/vehicle/honda/element-4-door-suv/2011

Rates by Driver Age

Honda Element Insurance Rates by Driver Age
Driver Age Premium
16 $3,788
20 $2,112
30 $934
40 $924
50 $850
60 $832

Full coverage, $500 deductibles

Rates by Deductible

Honda Element Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,054
$250 $996
$500 $924
$1,000 $854

Full coverage, driver age 40

Rates by Liability Limit

Honda Element Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $924
50/100 $1,016
100/300 $1,131
250/500 $1,430
100 CSL $1,062
300 CSL $1,315
500 CSL $1,499

Full coverage, driver age 40

Rates for High Risk Drivers

Honda Element Insurance Rates for High Risk Drivers
Age Premium
16 $5,316
20 $3,362
30 $1,994
40 $1,984
50 $1,900
60 $1,880

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $122

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $46
Multi-vehicle $50
Homeowner $17
5-yr Accident Free $53
5-yr Claim Free $57
Paid in Full/EFT $31
Advance Quote $39
Online Quote $61
Total Discounts $354
Rate after discounts $570

Discounts are estimated and may not be available from every company or in every state.

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