Save Money on Honda Element Insurance in Fort Worth

The recommended way to get budget Honda Element insurance is to start doing a yearly price comparison from providers in Fort Worth.

1. Take a few minutes and learn about what coverages are included in your policy and the things you can change to prevent high rates. Many risk factors that result in higher prices such as speeding and your credit history can be amended by paying attention to minor details. This article provides tips to get low prices and find overlooked discounts.
2. Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agencies can give you price quotes for many different companies. Begin your rate comparison
3. Compare the new rate quotes to the price on your current policy to see if cheaper Element coverage is available in Fort Worth. If you can save money and switch companies, make sure there is no lapse in coverage.
4. Provide notification to your current agent or company of your intent to cancel your current coverage. Submit the required down payment along with the signed application to the new company. When you receive it, put the new proof of insurance certificate with your registration paperwork.

The key aspect of shopping around is that you’ll want to make sure you compare identical coverages on each price quote and to quote with as many different companies as possible. Doing this ensures a level playing field and the best price quote selection.

Amazingly, the vast majority of consumers have remained with the same insurance company for well over three years, and virtually 40% of consumers have never shopped around. Texas drivers can save roughly 70% each year by just shopping around, but they just don’t want to find cheap insurance by shopping around.

To find low cost Fort Worth car insurance quotes, there are several ways to compare rate quotes from different Fort Worth insurance companies. The simplest method to find the cheapest insurance rates is to use the internet to compare rates.

Online shopping is fast and free, and it makes it a waste of time to actually drive to all the different Fort Worth insurance agencies. The ability to get quotes online eliminates the need for an insurance agent unless you have a need for the guidance only provided by licensed Fort Worth agents. You can, however, obtain prices from the web and get advice from an agent in your area. When comparing car insurance rates, know that comparing more rates from different companies helps increase your odds of locating the best rates. Not every company does Fort Worth Element insurance quotes over the internet, so you need to compare prices on coverage from those companies, too.

The car insurance companies shown below have been selected to offer free quotes in Texas. If multiple companies are listed, we recommend you compare several of them to get a more complete price comparison.

Get cheaper Honda Element insurance in Fort Worth with discounts

Auto insurance can be pricey, but you may find discounts that can help lower your rates. Many of these discounts will be applied automatically at the time of quoting, but once in a while a discount must be requested specifically before being credited.

• Anti-lock Brake System – Anti-lock brake equipped vehicles have fewer accidents so companies give up to a 10% discount.
• Life Insurance Discount – Not all auto insurance companies offer life insurance, but some may give you a discount if you purchase some life insurance in addition to your auto policy.
• Online Discount – Some larger companies will give a small break just for signing your application digitally online.
• 55 and Retired – Mature drivers can possibly qualify for a discount up to 10%.
• Active Service Discounts – Being on active deployment in the military can result in better auto insurance rates.
• Theft Deterrent System – Cars equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
• Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
• Distant College Student Discount – Children who are attending college and don’t have a car may be able to be covered for less.
• Discount for Home Ownership – Just owning your own home can earn you a little savings because owning a home is proof of financial responsibility.

A little disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The information below illustrates the difference between Honda Element insurance premiums with and without discounts being applied to the rates. The information is based on a male driver, no accidents or driving violations, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, marriage, multi-policy, and homeowner discounts applied.

Some of the insurance companies who might offer most of the discounts above are:

• State Farm
• Farmers Insurance
• Progressive
• GEICO
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

When quoting, ask every insurance company which discounts can lower your rates. Discounts may not apply to policies in your area. To view insurance companies that offer multiple discounts in Texas, follow this link.

Premium rates and analysis

The price information displayed next covers a range of insurance coverage prices for Honda Element models. Understanding more about how insurance rates are calculated is important for you to make smart buying decisions.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in specific garaging location which can raise or lower insurance rates substantially.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The data tables below lay out the premium difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Table data does not factor in vehicle location which can affect coverage prices significantly.

Using the premium rates above, we can conclude that using a $100 deductible could cost the average driver approximately $38 more each month or $456 each year averaged for all Element models than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 24 months between claims, you would save money going with the higher deductible.

Drive responsibly or pay higher rates

The example below demonstrates how citations and at-fault claims increase Honda Element auto insurance costs for different age groups of insureds. The costs are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

Price comparison of only insuring for liability

The chart below shows the comparison of Honda Element annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no policy discounts are applied.

When to switch to liability coverage only

There is no clear-cut formula to delete comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s assume your Honda Element replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some circumstances where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Lower Your Fort Worth Insurance Rates

Lots of things are used in the calculation when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are more obscure like where you live or how financially stable you are. Consumers need to have an understanding of the rating factors that are used to determine the level of your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that can earn you lower rates.

Gaps in coverage mean higher premiums – Driving without insurance is a misdemeanor and you will pay a penalty because you let your insurance lapse for non-payment. Not only will you pay higher rates, being ticketed for driving with no insurance may result in a fine, jail time, or a revoked license. You could then be forced to file a SR-22 with the Texas motor vehicle department to get your license reinstated.

Annual mileage and car insurance premiums – The higher the mileage driven in a year’s time the more you will pay for car insurance. Many insurance companies calculate prices based upon how you use the vehicle. Vehicles not used for work or commuting receive lower rates than those that get driven frequently. Ask your agent if your policy reflects the proper vehicle usage, because improper ratings can cost you money. A policy that improperly rates your Element can result in significantly higher rates.

How much liability protection – The liability section of your policy is the protection in the event that a jury decides you are liable for damages from an accident. This coverage provides you with a defense in court starting from day one. This coverage is relatively inexpensive compared to physical damage coverage, so do not cut corners here.

Too many policy claims will drive car insurance rates up – Insurance companies in Texas provide better rates to policyholders who are not frequent claim filers. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Your car insurance is intended for claims that you cannot pay yourself.

Car and home together may be cheaper – Most major insurance companies provide better rates to people who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even if you’re getting this discount you still need to comparison shop to confirm you are receiving the best rates possible.

Vehicle features that cut prices – Driving a car with an alarm system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.

Cheaper to insure gals? – Statistics demonstrate that females take fewer risks when driving. Now that doesn’t mean men are WORSE drivers than women. They both cause accidents in similar percentages, but the male of the species have costlier accidents. Not only are claims higher, but men get more serious tickets like driving under the influence (DUI).

The information below shows the comparison of Honda Element car insurance costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.

Expect high rates for teens – Inexperience drivers are statistically shown to get distracted easily when driving so they pay higher car insurance rates. Older drivers are shown to be more cautious, tend to cause fewer accidents, and tend to be get fewer driving tickets.

The next chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Exclusive versus independent insurance agencies

Some consumers would rather buy from a local agent and that is just fine! A nice benefit of comparing rate quotes online is the fact that you can find the best rates and still buy from a local agent. Buying from and supporting local agencies is especially important in Fort Worth.

To find an agent, once you fill out this quick form, your insurance data is emailed to local insurance agents in Fort Worth who will give you bids and help you find cheaper coverage. You don’t have to do any legwork since rate quotes are delivered to you directly. You can find better rates and a licensed agent to talk to. If you wish to get a comparison quote from a specific company, don’t hesitate to go to their quote page and fill out their quote form.

When looking for a local insurance agency, there are two different types of agents and how they differ in how they quote coverages. Insurance agencies in Fort Worth can be described as either independent (non-exclusive) or exclusive.

Independent Agents (or Brokers)

Agents that choose to be independent are not restricted to one company so they have the ability to put coverage with lots of companies and find the cheapest car insurance rates. If premiums increase, the business is moved internally and you don’t have to switch agencies.

If you need cheaper car insurance rates, we recommend you check rates from a couple of independent agencies for maximum quote selection.

Shown below is a partial list of independent insurance agents in Fort Worth that can give you pricing information.

View more agents

Exclusive Agents

Agents in the exclusive channel can only place business with one company like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. They are usually quite knowledgeable on their products and sales techniques and that can be a competitive advantage.

The following are Fort Worth exclusive agencies that can give you price quotes.

View more agents

Finding the right auto insurance agent shouldn’t rely on just the bottom line cost. These are some questions you should get answers to.

• Do they have any clout with companies to ensure a fair claim settlement?
• Are there any discounts that you might be missing?
• Which companies do they recommend if they are an independent agency?
• Do they review policy coverages at every renewal?
• Do they have 24-hour customer assistance?
• If you are a high risk driver, do they have special markets for your coverage?

You are unique and your insurance should be too

When choosing adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that may help highlight whether you will benefit from professional help.

• What does PIP insurance cover?
• When should I buy a commercial auto policy?
• Am I covered if I back into my garage door?
• Should I buy only the required Texas minimum liability coverage?
• Will I lose any money if I cancel my policy before it expires?
• Is upholstery damage covered by car insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Quote more and you will save more

In this article, we presented some good ideas how to get a better price on Honda Element insurance in Fort Worth. It’s most important to understand that the more providers you compare, the better your comparison will be. You may even find the lowest premium rates come from the least-expected company.

People leave their current company for any number of reasons including high prices, high rates after DUI convictions, policy non-renewal and not issuing a premium refund. Whatever your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

Discount Honda Element insurance in Fort Worth can be bought both online as well as from independent agents in Fort Worth, so you need to quote Fort Worth car insurance with both to get a complete price analysis. Some car insurance companies do not provide price quotes online and usually these small insurance companies provide coverage only through independent agents.

More tips and info about car insurance is available in the articles below:

• Preventing Carjacking and Theft (Insurance Information Institute)
• How Much is Fort Worth Car Insurance for Used Cars? (FAQ)
• Who Has Affordable Car Insurance for 18 Year Olds in Fort Worth? (FAQ)
• How Much is Auto Insurance for Uninsured Drivers in Fort Worth? (FAQ)
• How Much are Car Insurance Rates for Active Military in Fort Worth? (FAQ)
• Who Has the Cheapest Fort Worth Auto Insurance for a Kia Optima? (FAQ)
• Auto Theft Statistics (Insurance Information Institute)
• Get the Right Protection (InsureUonline.org)