I can’t think of anyone who likes paying for car insurance, especially when they are paying too much.
It’s amazing but over 70% of drivers have purchased from the same company for a minimum of four years, and virtually 40% of consumers have never shopped around. With the average premium in Colorado being $1,813, drivers could save an average of $600 each year just by comparing rates, but most undervalue the big savings they would realize if they replace their high priced policy.
Since you have so many insurance companies to choose from that have cheaper insurance for a Honda Element in Denver, it can be challenging to choose the right insurer.
Reduce your insurance rates with these ten discounts
Companies offering auto insurance don’t always publicize every discount available very well, so the following list contains both the well known and also the more inconspicuous credits available to you.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in high school.
- Distant College Student Discount – College-age children who are attending college and won’t have access to an insured vehicle can receive lower rates.
- No Claims – Claim-free drivers are rewarded with significantly better rates on Denver car insurance quote in comparison with bad drivers.
- Save with More Vehicles Insured – Buying insurance for multiple cars with one company can reduce rates for all insured vehicles.
- Theft Deterrent System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and qualify for as much as a 10% discount.
- E-sign Discounts – Some of the larger companies may give you up to $50 for completing your application on the web.
- Onboard Data Collection – Drivers that enable driving data collection to spy on driving habits by using a telematic data system such as State Farm’s In-Drive may get a rate reduction as long as they are good drivers.
- New Vehicle Savings – Insuring a vehicle that is new can get you a discount since newer models have better safety ratings.
- Military Discounts – Being deployed in the military may qualify for rate reductions.
- Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase a life insurance policy as well.
Just know that most of the big mark downs will not be given to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. Even though it appears it’s possible to get free car insurance, insurance companies wouldn’t stay in business. Any amount of discount will definitely lower your insurance premiums.
Auto insurance companies that may offer policyholders most of the discounts above may include but are not limited to:
Check with every company how you can save money. Discounts may not be offered in Denver. To view providers that offer discounts in Denver, click here.
When shopping for Honda Element insurance in Denver there are multiple ways to get quotes from many available car insurance companies in Colorado. The quickest method to compare Honda Element insurance prices is to use the internet to compare rates.
Online shopping is fast and free, and it replaces the need to call or drive to each insurance agency near you. Shopping for car insurance online has made agencies unnecessary unless you have a complicated situation and need the personal advice that only a licensed agent can provide. However, consumers can get prices online and have a local agent actually service the policy. When comparison shopping, having more price comparisons increases the chance that you will find more affordable insurance.
The companies in the list below are ready to provide quotes in Denver, CO. If several companies are displayed, we recommend you get price quotes from several of them in order to find the most affordable rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $234 | $472 | $396 | $24 | $118 | $1,244 | $104 |
| Element LX 4WD | $302 | $546 | $352 | $20 | $106 | $1,326 | $111 |
| Element EX 2WD | $260 | $536 | $396 | $24 | $118 | $1,334 | $111 |
| Element EX 4WD | $170 | $306 | $330 | $20 | $98 | $924 | $77 |
| Element SC 2WD | $144 | $296 | $396 | $24 | $118 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in vehicle location which can influence insurance rates greatly.
Car insurance premiums by gender
The chart below compares Honda Element auto insurance rates for male and female drivers. The premium estimates are based on no accidents, no driving violations, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
Honda Element liability rates compared to full coverage
The information below illustrates the comparison of Honda Element auto insurance costs when comparing full coverage to liability only. The prices are based on no claims or driving citations, $500 deductibles, single female driver, and no discounts are applied to the premium.
When to stop buying full coverage
There is no specific rule that works best for making the decision to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s say your Honda Element book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If it’s costing you more than $200 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some scenarios where only buying liability is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
When in doubt talk to an agent
When it comes to choosing a policy, there is no “best” method to buy coverage. Everyone’s needs are different and your car insurance should unique, too.
For example, these questions may help you determine if your situation will benefit from professional help.
- Why does it cost so much to insure a teen driver in Denver?
- Is business equipment covered while in my vehicle?
- Should I buy more coverage than the required Colorado minimum liability coverage?
- Am I covered if I have no license?
- When should I not file a claim?
- What does roadside assistance cover?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Local Denver auto insurance agents
A lot of people still prefer to buy from a local agent. The best thing about comparing rates online is that you can obtain cheap insurance rates but still work with a licensed agent.
To help locate an agent, after submitting this quick form, the coverage information is emailed to local insurance agents in Denver who will give competitive quotes for your coverage. You won’t even need to contact any insurance agencies because prices are sent directly to your email. You can find lower rates and a licensed agent to work with. In the event you want to get a price quote from a specific insurance company, you can always jump over to their website to submit a rate quote request.
Picking an company is decision based upon more than just the quoted price. Before buying a policy in Denver, get answers to these questions.
- Is the agency active in community causes in Denver?
- Are they full-time agents?
- Where are claims handled?
- Where would your vehicle be repaired?
- How is replacement cost determined on your vehicle?
- If your car is in the repair shop, do you have coverage for a rental car?
- How much can you save by raising your physical damage deductibles?
- Is the agent properly licensed in Colorado?
If you receive good feedback to your questions and a low price estimate, you’ve probably found an provider that meets your needs to service your policy.
Detailed coverages of your car insurance policy
Knowing the specifics of your car insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages available from car insurance companies.
Uninsured or underinsured coverage
This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Honda Element.
Because many people only carry the minimum required liability limits (which is 25/50/15), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
Comprehensive protection
This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like a broken windshield, rock chips in glass, falling objects and hail damage. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Collision coverage protection
Collision insurance covers damage to your Element resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as crashing into a ditch, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible on your Element to get cheaper collision coverage.
Auto liability
Liability insurance protects you from damage or injury you incur to a person or their property in an accident. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/15 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $15,000 paid for damaged property.
Liability insurance covers things like repair costs for stationary objects, court costs, structural damage, pain and suffering and medical expenses. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but it’s recommended drivers buy better liability coverage.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like prosthetic devices, nursing services, hospital visits, X-ray expenses and surgery. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
Don’t give up on cheap rates
While you’re price shopping online, do not sacrifice coverage to reduce premiums. There are too many instances where an insured cut full coverage only to regret they didn’t purchase enough coverage. Your objective should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.
Throughout this article, we presented a lot of ways to reduce Honda Element insurance prices online in Denver. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest prices are with a smaller regional carrier. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.
Cost effective Honda Element insurance can be purchased on the web and from local insurance agents, so you need to quote Denver car insurance with both to have the best chance of lowering rates. Some auto insurance companies may not offer online quoting and many times these smaller providers prefer to sell through independent insurance agencies.
Additional detailed information can be found at these sites:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has Affordable Car Insurance Quotes for Welfare Recipients in Denver? (FAQ)
- How Much are Auto Insurance Quotes for a Learners Permit in Denver? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Good Drivers in Denver? (FAQ)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance for Active Military? (FAQ)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Keeping Children Safe in Crashes Video (iihs.org)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)