Compare Honda Element Insurance Rate Quotes in Minneapolis

Insurance for Honda ElementThe preferred way to find low-cost prices for car insurance rates in Minneapolis is to regularly compare prices from companies that insure vehicles in Minnesota. You can compare rates by following these guidelines.

One piece of advice is that you use the same liability limits and deductibles on every price quote and and to compare as many different insurance providers as possible. This provides an apples-to-apples comparison and the most accurate and complete price analysis.

It’s amazing but most auto insurance customers have been with the same company for more than four years, and roughly 40% of drivers have never even compared rates from other companies. Minneapolis drivers can save hundreds of dollars each year, but most undervalue how much savings they would realize if they just switched companies.

The purpose of this article is to teach you a little about how auto insurance companies operate and also pocket some savings If you have insurance now, you will most likely be able to find the best rates using the ideas covered in this article. Vehicle owners just need to understand how to compare prices using one simple form.

Learn How to Lower Your Insurance Rates

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that help determine the price you pay for car insurance. If you have some idea of what controls the rates you pay, this helps enable you to make changes that can help you get lower rates.

Shown below are some of the major factors used by insurance companies to determine rates.

How to get free Honda Element insurance quotes online

The providers in the list below can provide price quotes in Minneapolis, MN. If you want to find the cheapest car insurance in Minneapolis, we recommend you get rate quotes from several of them to get the best price comparison.

Insurance analysis for a Honda Element

The premium table displayed next highlights estimates of insurance rates for Honda Element models. Understanding how policy rates are determined is important for drivers to make informed purchases.

Honda Element Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $234 $508 $358 $22 $108 $1,230 $103
Element LX 4WD $234 $508 $358 $22 $108 $1,230 $103
Element EX 2WD $234 $508 $358 $22 $108 $1,230 $103
Element EX 4WD $234 $508 $358 $22 $108 $1,230 $103
Element SC 2WD $234 $508 $358 $22 $108 $1,230 $103
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in garaging location in Minneapolis which can change premiums considerably.

Physical damage deductible comparison

One of the most common insurance questions is what deductibles to buy. The premium rates below can help illustrate the price difference when you buy lower versus higher policy deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Honda Element insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $246 $414 $318 $18 $94 $1,115 $93
Element LX 4WD $246 $414 $318 $18 $94 $1,115 $93
Element EX 2WD $246 $414 $318 $18 $94 $1,115 $93
Element EX 4WD $246 $414 $318 $18 $94 $1,115 $93
Element SC 2WD $246 $414 $318 $18 $94 $1,115 $93
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Honda Element insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Element LX 2WD $200 $334 $318 $18 $94 $964 $80
Element LX 4WD $200 $334 $318 $18 $94 $964 $80
Element EX 2WD $200 $334 $318 $18 $94 $964 $80
Element EX 4WD $200 $334 $318 $18 $94 $964 $80
Element SC 2WD $200 $334 $318 $18 $94 $964 $80
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in your specific Minneapolis location which can impact insurance rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $13 more each month or $156 for a full year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 19 months between claim filings, you would save money if you opt for a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $93
Average monthly premium for $500 deductibles (subtract): – $80
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important note is that a higher deductible means you pay more out-of-pocket if you have a claim. You need to have some savings in the event you have to pay the deductible for vehicle repair.

The information below shows how different deductible levels and can change Honda Element insurance costs for different age groups. The price estimates are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

Auto insurance is not optional in Minnesota

Even though it can be expensive, auto insurance is not optional due to several reasons.

The benefits of having insurance more than cancel out the cost, particularly if you ever have a claim. The average driver in America is overpaying more than $869 every year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.

Auto insurance discounts help lower rates for Honda Element insurance in Minneapolis

Auto insurance is expensive, but you might find some hidden discounts that you may not know about. A few discounts will be applied at the time of quoting, but some may not be applied and must be asked about prior to getting the savings.Auto insurance discounts

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the whole policy. A few only apply to specific coverage prices like comp or med pay. So when the math indicates it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

The illustration below visualizes the comparison of Honda Element auto insurance costs with and without some available policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, homeowner, marriage, claim-free, and multi-policy discounts applied.

A list of auto insurance companies and the discounts they provide are shown below.

When quoting, ask all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts might not be offered everywhere. If you would like to choose from a list of auto insurance companies who offer free Honda Element insurance quotes in Minneapolis, click here to view.

Local insurance agents

Many drivers would prefer to visit with an insurance agent and doing so can bring peace of mind Professional agents can make sure you are properly covered and give you someone to call. One of the great benefits of comparing rate quotes online is that you can obtain lower rates but still work with a licensed agent. And supporting neighborhood insurance agencies is important especially in Minneapolis.

Minneapolis insurance agentsFor easy comparison, once you complete this simple form, your coverage information is immediately sent to companies in Minneapolis who will give you quotes for your car insurance coverage. You won’t need to contact an agency since rate quotes are delivered directly to your email. If you want to compare rates from one company in particular, you just need to jump over to their website and complete a quote there.

Compare rates from both independent and exclusive car insurance agents

When looking for a reputable insurance agent or broker, there are two different types of agents that you can choose from. Car insurance agents in Minneapolis can be described as either exclusive or independent agents depending on their company appointments. Both can properly insure your vehicles, but it’s important to point out how they differ because it can influence the kind of agent you use.

Independent Agents

Agents that choose to be independent are not locked into one company so they have the ability to put coverage with many different companies and help determine which has the cheapest rates. If they find a cheaper price, an independent agent can move your coverage and you can keep the same agent. If you need lower rates, you absolutely need to get quotes from at a minimum one independent agency in order to compare the most rates. They also have the ability to place coverage with less well-known companies which may provide better rates.

Shown below is a partial list of independent agents in Minneapolis who can help you get rate quotes.

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Exclusive Agents

Exclusive agencies can only quote rates from one company such as Allstate and State Farm. Exclusive agents cannot compare rates from other companies so they really need to provide good service. Exclusive agents are very knowledgeable on what they offer which helps overcome the inability to quote other rates. Consumers sometimes purchase coverage from exclusives primarily because of the brand legacy and the convenience of having all coverages with one company.

Below is a list of exclusive agents in Minneapolis willing to provide price quote information.

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Deciding on an car insurance agent should depend on more than just a cheap price. These are valid questions to ask:

After you get positive responses for all questions you ask and inexpensive Honda Element insurance in Minneapolis quotes, you may have found a car insurance agent that can adequately provide car insurance.

When do I need an agent’s advice?

Always remember that when buying the best auto insurance coverage, there really is not a “perfect” insurance plan. Your situation is unique and your auto insurance should be unique as well.Higher deductibles save money
For example, these questions may help highlight whether or not you would benefit from professional advice.

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Affordable car insurance premiums are possible

As you shop your coverage around, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, someone dropped liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find for the lowest price.

Budget-conscious Honda Element insurance is available on the web and with local Minneapolis insurance agents, so get free Minneapolis auto insurance quotes from both of them so you have a total pricing picture. Some insurance companies do not provide online price quotes and many times these smaller providers sell through independent insurance agencies.

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