Honda Element Insurance Rates
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UPDATED: Jun 3, 2023
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How much is full insurance coverage per month for a Honda Element? The average Honda Element auto insurance policy costs $93 a month, or $1,124 a year. Read on to learn what drivers can do to save on Honda Element insurance rates and other vehicles.
To start comparison shopping for Honda Element insurance rates, enter your ZIP code in our free tool above.
Average auto insurance rates for a Honda Element are $906 annually for full coverage insurance. Comprehensive costs approximately $136 each year, collision costs $160, and liability insurance costs around $452. Buying just liability costs as low as $504 a year, with insurance for high-risk drivers costing around $1,942. 16-year-old drivers receive the highest rates at $3,712 a year or more.
Average premium for full coverage: $906
Rate estimates by individual coverage type:
Includes $500 policy deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and Element models.
Price Range by Coverage and Risk
For the average driver, prices range go from as cheap as $504 for liability-only coverage to a high rate of $1,942 for a driver that may need high-risk insurance.
Price Range by Location
Where you live has a significant impact on the price of auto insurance. Rural locations tend to have fewer physical damage claims than congested cities.
The graphic below illustrates how location impacts auto insurance prices.
These examples illustrate why all drivers should compare prices using their specific location and their own personal driving habits, rather than relying on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Charts and Tables
The chart below illustrates estimated Honda Element insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $559
- Using higher $1,000 deductibles will save $68 each year
- The estimated rate for a 40-year-old driver who chooses $500 deductibles is $906
- Buying low deductibles for physical damage coverage will cost $1,034
- Drivers with multiple tickets or accidents could pay around $1,942 or more
- The cost with full coverage for a teen driver can cost $3,712 or more
Auto insurance rates for a Honda Element can also vary considerably based on the trim level of your Element, your risk profile, and physical damage deductibles and liability limits.
More mature drivers with a good driving record and high physical damage deductibles could pay as little as $900 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $3,700 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are probably paying anywhere from $1,100 to $1,500 in extra premium per year, depending on your age. Insurance for high-risk drivers can be anywhere from 40% to 135% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut rates by as much as $200 each year, whereas increasing liability limits will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $407 extra every year. View Rates by Deductible or Liability Limit
Where you live has a huge impact on Honda Element insurance rates. A driver around age 40 might see rates as low as $590 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,230 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $820 | -$86 | -9.5% |
| Alaska | $694 | -$212 | -23.4% |
| Arizona | $752 | -$154 | -17.0% |
| Arkansas | $906 | -$0 | 0.0% |
| California | $1,032 | $126 | 13.9% |
| Colorado | $864 | -$42 | -4.6% |
| Connecticut | $932 | $26 | 2.9% |
| Delaware | $1,024 | $118 | 13.0% |
| Florida | $1,134 | $228 | 25.2% |
| Georgia | $834 | -$72 | -7.9% |
| Hawaii | $650 | -$256 | -28.3% |
| Idaho | $612 | -$294 | -32.5% |
| Illinois | $674 | -$232 | -25.6% |
| Indiana | $682 | -$224 | -24.7% |
| Iowa | $610 | -$296 | -32.7% |
| Kansas | $862 | -$44 | -4.9% |
| Kentucky | $1,236 | $330 | 36.4% |
| Louisiana | $1,340 | $434 | 47.9% |
| Maine | $558 | -$348 | -38.4% |
| Maryland | $746 | -$160 | -17.7% |
| Massachusetts | $726 | -$180 | -19.9% |
| Michigan | $1,574 | $668 | 73.7% |
| Minnesota | $758 | -$148 | -16.3% |
| Mississippi | $1,084 | $178 | 19.6% |
| Missouri | $804 | -$102 | -11.3% |
| Montana | $972 | $66 | 7.3% |
| Nebraska | $716 | -$190 | -21.0% |
| Nevada | $1,086 | $180 | 19.9% |
| New Hampshire | $652 | -$254 | -28.0% |
| New Jersey | $1,012 | $106 | 11.7% |
| New Mexico | $802 | -$104 | -11.5% |
| New York | $954 | $48 | 5.3% |
| North Carolina | $522 | -$384 | -42.4% |
| North Dakota | $742 | -$164 | -18.1% |
| Ohio | $626 | -$280 | -30.9% |
| Oklahoma | $930 | $24 | 2.6% |
| Oregon | $830 | -$76 | -8.4% |
| Pennsylvania | $864 | -$42 | -4.6% |
| Rhode Island | $1,208 | $302 | 33.3% |
| South Carolina | $820 | -$86 | -9.5% |
| South Dakota | $764 | -$142 | -15.7% |
| Tennessee | $794 | -$112 | -12.4% |
| Texas | $1,092 | $186 | 20.5% |
| Utah | $672 | -$234 | -25.8% |
| Vermont | $620 | -$286 | -31.6% |
| Virginia | $542 | -$364 | -40.2% |
| Washington | $700 | -$206 | -22.7% |
| West Virginia | $830 | -$76 | -8.4% |
| Wisconsin | $626 | -$280 | -30.9% |
| Wyoming | $808 | -$98 | -10.8% |
With so much variability in rates, the only way to figure out who has the best car insurance rates is to do a rate comparison from as many companies as possible. Each insurance company utilizes a different rate formula, and quoted rates can be significantly different between companies.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Honda Element LX 2WD | $890 | $74 |
| Honda Element LX 4WD | $890 | $74 |
| Honda Element EX 2WD | $906 | $76 |
| Honda Element EX 4WD | $906 | $76 |
| Honda Element SC 2WD | $906 | $76 |
Rates assume 2005 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2008 Honda Element | $146 | $190 | $474 | $968 |
| 2006 Honda Element | $140 | $166 | $460 | $924 |
| 2005 Honda Element | $136 | $160 | $452 | $906 |
| 2004 Honda Element | $126 | $152 | $446 | $882 |
| 2003 Honda Element | $120 | $144 | $442 | $864 |
Rates are averaged for all Honda Element models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy the Cheapest Honda Element Insurance
Saving money on Honda Element insurance requires being a good driver, having above-average credit, avoid buying unnecessary coverage, and not having any coverage lapses. Spend time shopping around once a year by requesting quotes from direct insurance companies like Progressive and GEICO, and also from insurance agencies where you live.
The following list is a recap of the data that was touched on above.
- It is possible to save around $100 per year simply by quoting online in advance
- Drivers who purchase an increased level of liability coverage will pay around $500 annually to increase from a minimum limit to higher 250/500 limits
- Drivers age 16 to 20 have the highest car insurance rates, costing up to $309 per month if full coverage is included
- High-risk drivers that have major violations or accidents could be forced to pay on average $1,040 more per year than a safer driver
Shopping for Honda Element insurance rates is one of the best ways to reduce rates. It will also help you discover how much does a new Honda Element cost in comparison to an older model, such as a 2010 model.
To find rates on multiple Honda Element years, enter your ZIP code in our free tool below.
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What are the safety ratings of the Honda Element?
How much is insurance on a 2020 Honda Element? Good Honda Element safety ratings can help lower insurance costs, so a 2020 Honda Element with all the latest safety features and good crash test ratings may be cheaper to insure than an older model with poor safety features.
The Honda Element has some great safety features: 4-wheel anti-lock braking system (ABS), vehicle stability assist (VSA), side-impact door beams, and a tire pressure monitoring system. The Insurance Institute for Highway Safety (IIHS) also awarded the Honda Element with a 2011 Top Safety Pick award, as it tested well in the following crash tests:
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
The video below shows an example of one of the Honda Element’s crash tests.
Honda Element Compared Against Other Vehicles in the Same Class
The Honda Element is classified as a small SUV, and SUVS are prone to having higher liability insurance losses. However, the IIHS does not have data on how the Honda Element’s liability losses compare to other small SUVs. To see how other small SUVs’ rates compare to the Honda Elements’ rates, take a look at the list below.
To jump right into finding the best Honda Element insurance rates, enter your ZIP code in our free tool.
References
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $3,712 |
| 20 | $2,068 |
| 30 | $914 |
| 40 | $906 |
| 50 | $832 |
| 60 | $814 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,034 |
| $250 | $976 |
| $500 | $906 |
| $1,000 | $838 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $906 |
| 50/100 | $996 |
| 100/300 | $1,109 |
| 250/500 | $1,403 |
| 100 CSL | $1,042 |
| 300 CSL | $1,290 |
| 500 CSL | $1,471 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,208 |
| 20 | $3,290 |
| 30 | $1,948 |
| 40 | $1,942 |
| 50 | $1,858 |
| 60 | $1,840 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $45 |
| Multi-vehicle | $49 |
| Homeowner | $17 |
| 5-yr Accident Free | $52 |
| 5-yr Claim Free | $56 |
| Paid in Full/EFT | $30 |
| Advance Quote | $38 |
| Online Quote | $60 |
| Total Discounts | $347 |
Discounts are estimated and may not be available from every company or in every state.
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