It’s an obvious conclusion that car insurance companies don’t want you to look for a cheaper policy. Insureds who shop for lower prices are very likely to buy a new policy because there is a high probability of finding more affordable rates. Remarkably, a study showed that people who compared rates once a year saved on average $3,400 over four years compared to drivers who don’t regularly compare prices.
If finding low prices for Honda Element insurance in Henderson is your ultimate objective, then understanding the best way to compare insurance premiums can make it easier to shop your coverage around.
If your goal is the lowest price, then the best way to find low-cost prices for Honda Element insurance is to do a yearly price comparison from insurers in Henderson. This can be done by following these guidelines.
- Learn about car insurance and the measures you can control to keep rates in check. Many factors that cause rate increases such as traffic citations, accidents, and an imperfect credit rating can be rectified by improving your driving habits or financial responsibility. Later in this article we will cover instructions to get low prices and get discounts that may be overlooked.
- Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and Allstate, while independent agents can provide price quotes from multiple sources.
- Compare the quotes to the price on your current policy to see if a cheaper price is available in Henderson. If you find a lower rate quote, make sure coverage does not lapse between policies.
The key aspect of shopping around is to make sure you enter identical coverages on each price quote and and to get price quotes from all possible companies. Doing this enables a fair price comparison and a thorough selection of prices.
Save a ton on Honda Element insurance in Henderson with these auto insurance discounts
Companies do not advertise every possible discount very clearly, so the following is a list of a few of the more well known and the more hidden credits available to bring down your rates. If you aren’t receiving every discount available, you could be saving more on your auto insurance.
- Discount for Multiple Policies – If you can combine your auto and home policy with one insurance company you will save at least 10% off all policies.
- Waiver for an Accident – This one isn’t a discount, but companies like State Farm and GEICO may permit one accident before they charge you more for coverage if you have no claims for a specific time period.
- Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
- Henderson Homeowners Discount – Just being a homeowner can get you a discount since home ownership demonstrates responsibility.
- Theft Prevention Discount – Cars, trucks, and SUVs that have factory anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
- Responsible Driver Discount – Insureds who avoid accidents can save up to 40% or more on their Henderson car insurance quote than drivers with accidents.
- Discounts for Government Workers – Federal government employees can save as much as 8% depending on your auto insurance provider.
- Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
- Claim Free – Claim-free drivers have much lower rates as opposed to frequent claim filers.
We need to note that many deductions do not apply to the entire cost. A few only apply to individual premiums such as collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, nobody gets a free ride.
The illustration below shows the difference between Honda Element auto insurance rates with and without discounts applied to the rates. The rate quotes are based on a male driver, a clean driving record, no at-fault accidents, Nevada 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 safe-driver, homeowner, multi-policy, marriage, multi-car, and claim-free discounts applied.
A few popular companies and some of their more popular discounts can be read below.
- State Farm offers discounts for safe vehicle, good student, multiple policy, good driver, and defensive driving training.
- Farmers Insurance may include discounts for good student, homeowner, alternative fuel, business and professional, multi-car, mature driver, and teen driver.
- GEICO may offer discounts for good student, federal employee, driver training, air bags, emergency military deployment, multi-vehicle, and daytime running lights.
- American Family offers premium reductions for TimeAway discount, air bags, good driver, early bird, and defensive driver.
- Nationwide has savings for business or organization, good student, defensive driving, easy pay, family plan, multi-policy, and accident-free.
- Progressive discounts include online signing, multi-policy, good student, continuous coverage, homeowner, and multi-vehicle.
When getting free Henderson car insurance quotes, it’s a good idea to each insurance company the best way to save money. A few discounts may not be available in Henderson. To see auto insurance companies that offer many of these discounts in Nevada, follow this link.
When looking for affordable Henderson car insurance quotes, there are a couple ways of comparing rates from many different Nevada insurance companies. The best method to find cheaper rates is simply to get online rate quotes.
Just keep in mind that obtaining a wide range of quotes increases your odds of finding more affordable rates.
The companies shown below are our best choices to provide price comparisons in Nevada. To get cheap auto insurance in Henderson, NV, we recommend you get rates from several of them to get the best price comparison.
Honda Element detailed coverage information
The rate table displayed below showcases a range of insurance premium costs for Honda Element models. Having a good understanding how rates are established can help customers make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $228 | $494 | $348 | $20 | $104 | $1,194 | $100 |
| Element LX 4WD | $228 | $494 | $348 | $20 | $104 | $1,194 | $100 |
| Element EX 2WD | $228 | $494 | $348 | $20 | $104 | $1,194 | $100 |
| Element EX 4WD | $228 | $494 | $348 | $20 | $104 | $1,194 | $100 |
| Element SC 2WD | $228 | $494 | $348 | $20 | $104 | $1,194 | $100 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in garaging location in Henderson which can raise or lower premium rates noticeably.
Where to set your deductibles
When shopping for insurance, a common question is where should you set your physical damage deductibles. The comparisons below help summarize the costs and benefits of buying low and high deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $266 | $478 | $308 | $18 | $92 | $1,187 | $99 |
| Element LX 4WD | $266 | $478 | $308 | $18 | $92 | $1,187 | $99 |
| Element EX 2WD | $266 | $478 | $308 | $18 | $92 | $1,187 | $99 |
| Element EX 4WD | $266 | $478 | $308 | $18 | $92 | $1,187 | $99 |
| Element SC 2WD | $266 | $478 | $308 | $18 | $92 | $1,187 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $194 | $324 | $308 | $18 | $92 | $936 | $78 |
| Element LX 4WD | $194 | $324 | $308 | $18 | $92 | $936 | $78 |
| Element EX 2WD | $194 | $324 | $308 | $18 | $92 | $936 | $78 |
| Element EX 4WD | $194 | $324 | $308 | $18 | $92 | $936 | $78 |
| Element SC 2WD | $194 | $324 | $308 | $18 | $92 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific Henderson garaging location which can impact rates significantly.
Based on the data above, we can derive that using a $100 deductible costs approximately $21 more each month or $252 for a full year averaged for all Element models than choosing 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 at least 19 months between claim filings, you would save more money if you choose a higher deductible.
How to calculate if higher deductibles make sense
| Average monthly premium for $100 deductibles: | $99 |
| Average monthly premium for $500 deductibles (subtract): | – $78 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One thing to be aware of is that increasing deductibles to save money means you will have to pay more when you have to file a claim. That will require a higher level of savings in the event you need to pay the deductible to have repairs made.
The information below illustrates how your choice of deductibles and can impact Honda Element insurance premiums for different ages of insureds. The price estimates are based on a married male driver, full coverage, and no discounts are applied to the premium.
Cost of full coverage in Henderson
The information below shows the difference between Honda Element car insurance costs with full coverage and liability only. The premiums assume a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There is no set guideline of when to stop paying for physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Honda Element claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $8,000 after you pay the deductible. If premiums are more than $800 a year for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.
You are unique and your car insurance should be too
Always keep in mind that when comparing a policy, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed.
For example, these questions might help in determining if your situation will benefit from professional help.
- Should I carry comprehensive and collision coverage?
- Should I put collision coverage on all my vehicles?
- Does my policy pay for OEM or aftermarket parts?
- Will filing a claim cost me more?
- Do I pay less for low miles?
- What is covered by UM/UIM coverage?
- What can I do if my company denied a claim?
- Does my insurance cover my expensive audio equipment?
- Am I better off with higher deductibles on my Honda Element?
- Does coverage extend to Mexico or Canada?
If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.
Exclusive and independent auto insurance agents
A lot of people still like to buy from a licensed agent and that is not a bad decision One of the best bonuses of comparing insurance prices online is that you can obtain cheap rate quotes and still have a local agent.
To find an agent, once you fill out this short form, your insurance data is transmitted to participating agents in Henderson that can give you free Henderson car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies as quotes are delivered to your email. You can find the lowest rates and an insurance agent to talk to. If you want to get a price quote for a specific company, you just need to search and find their rate quote page and complete a quote there.
Picking an insurer needs to be determined by more than just a cheap price quote. These are valid questions to ask:
- How are claims handled?
- Does the quote include credit and driving reports?
- How experienced are they in personal risk management?
- Do they offer claims assistance after hours?
- Which companies can they place coverage with?
- Does the agent have professional designations like CIC, CPCU or AIC?
Types of auto insurance agents
If you are searching for a local insurance agency, you should know the different agency structures and how they work. Auto insurance agents can be described as either exclusive or independent (non-exclusive).
Exclusive Agents
Exclusive agencies can only provide one company’s prices and examples are AAA, Allstate, and State Farm. These agents are not able to place coverage with different providers so they have to upsell other benefits. They are usually well trained on the products they sell and that allows them to sell at a higher price point. A lot of people use the same exclusive agent primarily because of the brand legacy rather than having low rates.
Shown below are Henderson exclusive insurance agents who can help you get price quotes.
- Leon Pearson Jr – State Farm Insurance Agent
1730 W Horizon Ridge Pkwy #110 – Henderson, NV 89012 – (702) 457-0306 – View Map - Farmers Insurance – Christopher Sutter
11201 S Eastern Ave #110 – Henderson, NV 89052 – (702) 260-8589 – View Map - Carol Drake – State Farm Insurance Agent
1913 N Green Valley Pkwy – Henderson, NV 89074 – (702) 361-0300 – View Map
Independent Agents
Agents that elect to be independent are not locked into one company and that gives them the ability to insure with many different companies depending on which coverage is best. If prices rise, they can switch companies in-house which makes it simple for you. If you are comparing auto insurance prices, we recommend you get quotes from at least one independent agent in order to have the best price comparison. Most can insure with additional companies that you may not be familiar with that many times have cheaper rates.
Shown below are Henderson independent agents that can give you price quotes.
- Paradigm Insurance Agency
170 S Green Valley Pkwy #300 – Henderson, NV 89012 – (702) 522-0730 – View Map - High Desert Insurance Agency
140 E Horizon Dr – Henderson, NV 89015 – (702) 558-8587 – View Map - American National Insurance Morgan Agency LLC, Jarod Morgan
1120 Wigwam Pkwy #100 – Henderson, NV 89052 – (702) 430-7764 – View Map
After you get good feedback to any questions you may have as well as an affordable premium quote, chances are good that you have found an insurance agent that is a good match to properly insure your vehicles. Just remember you can always cancel your coverage at any point so don’t feel that you are obligated to any particular company indefinitely.
Final considerations
As you prepare to switch companies, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced full coverage and found out when filing a claim that it was a big error on their part. The proper strategy is to buy enough coverage for the lowest cost, but do not skimp to save money.
We covered a lot of ways to save on Honda Element insurance in Henderson. The key thing to remember is the more times you quote, the better likelihood of getting low cost Henderson car insurance quotes. Consumers may even find the lowest rates come from a small mutual company. These companies can often provide lower car insurance rates in certain areas compared to the large companies like GEICO and State Farm.
More information can be found below:
- Get the Right Protection (InsureUonline.org)
- Who Has Cheap Car Insurance for a 20 Year Old Male in Henderson? (FAQ)
- Who Has the Cheapest Auto Insurance for College Students in Henderson? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- State Car Insurance Guides (GEICO)