Affordable Quotes for Honda Element Insurance in Detroit

Would you like to stop wasting money and find more competitive car insurance rates in Detroit, MI? Detroit shoppers have lots of choices when shopping for the best price on Honda Element insurance. They can either waste time calling around getting price quotes or save time using the internet to compare rates.

There is a right way and a wrong way to find car insurance online and we’ll show you the proper way to get price quotes on a Honda and locate the best price possible.

Our goal is to instruct you on how auto insurance companies operate and also save some money in the process If you are insured now, you stand a good chance to be able to find the best rates using this information. You just have to use the proper methods to compare price quotes from many different companies online.

Cheap companies for Honda Element insurance in Michigan

The following companies have been selected to offer free rate quotes in Detroit, MI. To find cheap car insurance in MI, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.

Honda Element insurance statistics and information

The coverage information shown below outlines different policy rates for Honda Element models. Being more informed about how insurance prices are formulated can aid in making informed purchases.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in specific garaging location which can decrease or increase price quotes noticeably.

Policy deductible comparison

One of the hardest decisions when shopping for insurance is where should you set your physical damage deductibles. The comparison tables below summarize the difference in cost when you choose different physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price estimates do not factor in your specific Detroit location which can modify price quotes noticeably.

We can derive from the above data that using a $100 deductible will cost you roughly $66 more each month or $792 annually than opting for the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 14 months between claim filings, you would more than likely save some money if you elect the higher deductible.

The illustration below demonstrates how deductible levels and can increase or decrease Honda Element insurance prices for different categories of driver ages. The price estimates are based on a single female driver, comp and collision included, and no additional discounts are factored in.

Insurance premiums for males and females

The illustration below visualizes the comparison of Honda Element car insurance rates for male and female drivers. The data is based on no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Rate difference between full and liability-only coverage

The illustration below illustrates the difference between Honda Element insurance costs with full coverage compared to only the Michigan minimum liability coverage. The information is based on no tickets, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no exact formula that works best for making the decision to drop full coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s say your Honda Element claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying your deductible. If it’s costing you more than $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are some circumstances where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Cheaper Detroit auto insurance rates with discounts

Companies don’t always publicize every policy discount very well, so the list below contains some of the more common as well as the least known discounts that you can inquire about if you buy Detroit auto insurance online.

• Save over 55 – If you qualify as a senior citizen, you may be able to get a slight reduction on a Detroit auto insurance quote.
• Driver Education Discount – Cut your cost by having your teen driver successfully take a driver’s education course as it can save substantially.
• Accident Free – Insureds with no claims or accidents pay less compared to drivers who are more careless.
• No Charge for an Accident – Not a discount per se, but some companies like State Farm, Progressive and GEICO may permit one accident before your rates go up if you have no claims before the accident.
• Theft Prevention Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft and that can save you a little bit as well.
• Switch and Save Discount – Select larger companies give a discount for switching policies early. The savings is around 10%.

A little disclaimer on discounts, most credits do not apply to the whole policy. Some only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like it’s possible to get free car insurance, it’s just not the way it works.

The chart below illustrates the difference between Honda Element insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no claims or driving citations, Michigan state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, multi-policy, and claim-free discounts applied.

Some of the larger companies that have these money-saving discounts include:

• State Farm
• American Family
• GEICO
• 21st Century
• Progressive

When getting a coverage quote, ask all the companies to apply every possible discount. Some discounts listed above may not apply in your area. To find providers who offer auto insurance discounts in Michigan, follow this link.

Compare prices but buy from a local Detroit insurance agent

A small number of people just prefer to have an agent’s advice and doing so can bring peace of mind Licensed agents can help you build your policy and help submit paperwork. One of the benefits of comparing rates online is you can get lower prices and still have an agent to talk to. Putting coverage with neighborhood insurance agencies is especially important in Detroit.

To help locate an agent, after submitting this simple form, your information is emailed to companies in Detroit who will give you bids for your coverage. It makes it easy because there is no need to contact any agents since price quotes are sent immediately to you. If you want to get a comparison quote from a specific auto insurance provider, feel free to visit that company’s website and complete a quote there.

Shown below is a list of auto insurance companies in Detroit that can give you comparison quotes for Honda Element insurance in Detroit.

• Michigan SR22 Insurance – Select Insurance Group
  Atwater St – Detroit, MI 48226 – (877) 949-7873 – View Map
• LA Insurance
  2922 W Grand Blvd – Detroit, MI 48202 – (313) 871-0100 – View Map
• Midwest Underwriters Insurance
  19640 Harper Ave – Grosse Pointe Woods, MI 48236 – (313) 884-8600 – View Map
• Cagwin Insurance Agency
  3031 W Grand Blvd #320 – Detroit, MI 48202 – (313) 875-9147 – View Map

More insurance agents

Deciding on an company should include more criteria than just a low price. Any agent in Detroit should be willing to answer these questions.

• Do you have coverage for a rental car if your vehicle is in the repair shop?
• How are they compensated?
• Do they carry Errors and Omissions coverage?
• Are they actively involved in the community?
• Which company do they place the most coverage with?
• Are they in the agency full-time?
• Who is covered by the car insurance policy?

Tailor your car insurance coverage to you

When buying the right insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your car insurance should be unique as well.
These are some specific questions can help discover if your insurance needs will benefit from professional help.

• Does my insurance cover damage caused when ticketed for reckless driving?
• Will my rates increase for filing one claim?
• Will I be non-renewed for getting a DUI or other conviction?
• Am I covered if I hit a deer?
• Should I rate my Honda Element as pleasure use or commute?
• Is my son or daughter covered when driving my car?
• If I use my vehicle for business use is it covered?
• Is my ex-spouse still covered by my policy?
• Does my insurance cover my expensive audio equipment?
• Who is covered by my policy?

If you’re not sure about those questions, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Auto insurance coverage specifics

Understanding the coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on the average auto insurance policy.

Liability – Liability insurance can cover injuries or damage you cause to other people or property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 20/40/10 that means you have a $20,000 limit per person for injuries, a per accident bodily injury limit of $40,000, and property damage coverage for $10,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like funeral expenses, loss of income and attorney fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. Michigan state law requires minimum liability limits of 20/40/10 but it’s recommended drivers buy better liability coverage.

The illustration below demonstrates why buying low liability limits may not be high enough to adequately cover claims.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills like X-ray expenses, nursing services and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many Michigan drivers only purchase the least amount of liability that is required (20/40/10 in Michigan), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently these coverages are set the same as your liability limits.

Comprehensive coverages – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a deer, rock chips in glass, a tree branch falling on your vehicle and fire damage. The most a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision – This coverage pays for damage to your Element from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like damaging your car on a curb, rolling your car and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible on your Element in order to get cheaper collision rates.

Persistent drivers can save

When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where someone dropped liability coverage limits and discovered at claim time that it was a big error on their part. The goal is to get the best coverage possible at a price you can afford while still protecting your assets.

We just covered some good ideas how to find lower-cost Honda Element insurance in Detroit. It’s most important to understand that the more companies you get auto insurance rates for, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from a small mutual company. Some small companies may only write in your state and offer lower auto insurance rates as compared to the big name companies such as Progressive and GEICO.

Steps to buying cheaper Honda Element insurance in Detroit

To save the most money, the best way to find affordable quotes for Honda Element insurance in Detroit is to start comparing prices yearly from different companies who sell auto insurance in Michigan.

Step 1: Try to learn a little about how insurance companies determine prices and the modifications you can make to prevent expensive coverage. Many risk factors that increase rates like traffic tickets, fender benders, and a low credit rating can be remedied by making minor driving habit or lifestyle changes.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while independent agencies can quote prices for many different companies.

Step 3: Compare the new quotes to your existing coverage to determine if switching companies saves money. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.

The most important part of shopping around is that you’ll want to compare the same coverage limits and deductibles on each price quote and to quote with every insurance company. This enables an apples-to-apples comparison and a better comparison of the market.

Even more information is located in these articles:

• Learn About Car Insurance (GEICO)
• How Much is Detroit Auto Insurance for Welfare Recipients? (FAQ)
• Who Has the Cheapest Car Insurance for Good Drivers in Detroit? (FAQ)
• Who Has the Cheapest Detroit Auto Insurance Rates for 16 Year Olds? (FAQ)
• Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
• What is the Best Car Insurance in Detroit? (DetroitInsure.com)
• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Car Insurance: When not to Skimp (BankRate.com)