Affordable Honda Element Insurance in Lincoln

A study showed that the majority of drivers renewed their policy with the same company for a minimum of four years, and approximately 38% of consumers have never quoted car insurance rates at all. With the average premium in the U.S. being $1,847, drivers could save an average of up to $859 each year by just shopping around, but they mistakenly think it’s difficult to do a rate comparison.

If your goal is the lowest price, then the best way to get more affordable auto insurance rates in Lincoln is to start doing an annual price comparison from insurance carriers who sell auto insurance in Nebraska.

1. Get an understanding of what is in your policy and the things you can change to keep rates low. Many policy risk factors that result in higher rates such as careless driving and a bad credit rating can be eliminated by being financially responsible and driving safely.
2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while independent agencies can provide price quotes for a wide range of companies.
3. Compare the new rates to the price on your current policy and see if you can save money. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
4. Give notification to your current company of your decision to cancel your current coverage and submit a signed application and payment to your new insurance company. As soon as you can, keep your new certificate of insurance in a readily accessible location in your vehicle.

One piece of advice is to use similar coverage information on every quote and and to analyze every company you can. Doing this provides a level playing field and and a good selection of different prices.

Affordable car insurance in Lincoln, NE

The companies shown below provide price comparisons in Nebraska. To buy the best cheap car insurance in Lincoln, it’s a good idea that you compare several of them to find the lowest car insurance rates.

Rates and statistics

The rate information below highlights a range of prices for Honda Element models. Understanding how rate quotes are determined can be of help when making informed decisions when comparing rate quotes.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can affect prices significantly.

Where to set your deductibles

When buying auto insurance, a common question is which comprehensive and collision deductibles to buy. The data tables below approximate how much more you’ll pay when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in specific zip code location which can raise or lower prices noticeably.

Based on the above data, using a $250 deductible costs about $21 more each month or $252 for a full year than choosing the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at least 36 months between claims, you would most likely save money if you opt for a higher deductible.

One big caveat is that a higher deductible level means you will have to pay more of your own money when you have to file a claim. You will want to have enough savings in order to pay more to get your vehicle repaired.

Rate comparison of men versus women in Lincoln

The information below shows the comparison of Honda Element insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, full coverage, $100 deductibles, single marital status, and no discounts are factored in.

Affordable rates with these six discounts

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that you may not even be aware of. Many of these discounts will be applied automatically when you complete an application, but some discounts are required to be requested specifically before being credited. If you’re not getting every credit you deserve, it’s possible you qualify for a lower rate.

• Policy Bundle Discount – If you can combine your auto and home policy and insure them both with the same insurance company you will save 10% to 20% off each policy.
• Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more on medical payment and PIP coverage.
• Multi-Vehicle Discounts – Buying coverage for multiple vehicles on the same insurance policy could earn a price break for each car.
• Drivers Education – It’s a good idea to have your young drivers enroll and complete driver’s education as it can save substantially.
• Telematics Discount – Lincoln drivers who agree to allow data collection to scrutinize vehicle usage remotely like Allstate’s Drivewise might get better premium rates as long as they are good drivers.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance in addition to your auto policy.

Remember that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, it just doesn’t work that way.

The diagram below illustrates the difference between Honda Element car insurance costs with and without discounts. The price estimates are based on a male driver, no violations or claims, Nebraska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-policy, multi-car, claim-free, and homeowner discounts applied.

A few of the larger companies and the discounts they provide can be read below.

• State Farm has discounts for multiple policy, anti-theft, student away at school, driver’s education, passive restraint, and multiple autos.
• Farmers Insurance discounts include early shopping, distant student, teen driver, good student, pay in full, and switch companies.
• Progressive offers discounts including continuous coverage, homeowner, online quote discount, good student, and multi-vehicle.
• GEICO may offer discounts for anti-lock brakes, membership and employees, multi-policy, anti-theft, driver training, seat belt use, and federal employee.
• Auto-Owners Insurance may have discounts that include student away at school, teen driver, paperless, multiple vehicles, paid in full, and anti-theft.
• The Hartford includes discounts for air bag, good student, defensive driver, bundle, driver training, vehicle fuel type, and anti-theft.
• Farm Bureau may include discounts for 55 and retired, renewal discount, multi-vehicle, driver training, and safe driver.
• USAA offers discounts for loyalty savings, multi-vehicle, vehicle storage, defensive driver, safe driver, multi-policy, and new vehicle.

Double check with every prospective company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply to policies in every state. If you would like to view insurers that offer many of these discounts in Nebraska, click here to view.

Local Lincoln insurance agents and car insurance

Certain consumers would prefer to sit down with an agent. One of the great benefits of comparing rate quotes online is you may find cheap car insurance quotes and still have an agent to talk to. And supporting local insurance agents is still important in Lincoln.

After filling out this form (opens in new window), your insurance coverage information is emailed to local insurance agents in Lincoln that give free quotes for your coverage. You won’t need to contact any agents as quotes are delivered to you instantly. You can find lower rates and an insurance agent to talk to. If you wish to get a comparison quote for a specific company, you just need to visit that company’s website to submit a rate quote request.

Shown below are agents in Lincoln that can give you price quote information for Honda Element insurance in Lincoln.

View more Lincoln agents

Picking the best provider needs to be determined by more than just the bottom line cost. You should also get answers to these questions.

• Does the agency provide any after hours assistance?
• Is there a local claims center in Lincoln?
• Do they have cheaper tiers of coverage?
• Do they feel the quoted coverages are adequate?
• Does the agent help file claims?

After getting positive feedback to your questions as well as a affordable price, you’ve probably found an insurance company that is a good match to provide car insurance coverage.

Car insurance coverages for a Honda Element

Having a good grasp of insurance can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages found on most insurance policies.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, damage from getting keyed, a broken windshield and hitting a bird. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like funeral costs, pain medications, X-ray expenses and doctor visits. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Liability insurance

Liability coverage can cover damage that occurs to people or other property that is your fault. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things like funeral expenses, legal defense fees, bail bonds, attorney fees and medical expenses. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible. Nebraska requires minimum liability limits of 25/50/25 but you should think about purchasing better liability coverage.

The next chart demonstrates why buying the state minimum limits may not be enough coverage.

Collision insurance

Collision coverage will pay to fix damage to your Element resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a building, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your Element to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Honda Element.

Since a lot of drivers carry very low liability coverage limits (25/50/25 in Nebraska), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liability limits.

Keep this in mind when shopping around

Affordable Honda Element insurance in Lincoln is attainable on the web and from local agencies, so you should compare both in order to have the best chance of saving money. A few companies may not provide rate quotes online and these smaller companies sell through independent agents.

As you restructure your insurance plan, never buy poor coverage just to save money. There are many occasions where an insured cut liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at the best price.

To read more, feel free to visit these articles:

• Auto Insurance Learning Center (State Farm)
• Who Has Affordable Car Insurance for Lyft Drivers in Lincoln? (FAQ)
• What Insurance is Cheapest for Drivers Under 21 in Lincoln? (FAQ)
• How Much are Auto Insurance Rates for a GMC Acadia in Lincoln? (FAQ)
• How Much is Lincoln Auto Insurance for a GMC Sierra? (FAQ)
• Who Has Affordable Lincoln Auto Insurance for Uninsured Drivers? (FAQ)
• Who Has Cheap Auto Insurance Rates for High Mileage Drivers in Lincoln? (FAQ)
• How Much is Lincoln Car Insurance for Drivers Under 25? (FAQ)
• Who Has the Cheapest Auto Insurance for 4×4 Vehicles in Lincoln? (FAQ)
• Who Has Cheap Auto Insurance for Real Estate Agents in Lincoln? (FAQ)
• Rental Car Insurance Tips (Insurance Information Institute)
• Understanding Car Crashes Video (iihs.org)
• Medical Payments Coverage (Liberty Mutual)