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.
Estimated insurance prices for a Honda Element are $882 every 12 months for full coverage insurance. Comprehensive insurance costs around $126 each year, collision costs $152, and liability is estimated at $446. Liability-only insurance costs approximately $500 a year, with high-risk driver insurance costing $1,892 or more. Teen drivers pay the most at $3,644 a year or more.
Average premium for full coverage: $882
Premium estimates for type of coverage:
Includes $500 deductible amounts, 30/60 split liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and Element models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Honda Element go from the cheapest price of $500 for the bare minimum liability coverage to a high rate of $1,892 for a high-risk insurance policy.
Insurance Price Range by Location
Living in a larger city can make a big difference on car insurance rates. Areas with sparse population are statistically proven to have more infrequent physical damage claims than larger metro areas.
The graphic below illustrates how location impacts auto insurance rates.
These rate differences illustrate why all drivers should get quotes for a specific zip code and their own driving history, instead of making a decision based on price 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 Rate Information
The chart below illustrates estimated Honda Element insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $547
- Choosing higher $1,000 deductibles can save about $64 each year
- The average price for a 40-year-old good driver using $500 deductibles is $882
- Choosing low deductibles for comp and collision coverage costs an extra $118 annually
- Higher-risk drivers with multiple violations and an at-fault accident could pay at least $1,892 or more
- An auto insurance policy to insure a 16-year-old driver can be $3,644 each year
Insurance prices for a Honda Element also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level and model year.
Choosing high deductibles can save as much as $190 annually, whereas increasing liability limits will increase prices. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $402 more each year. View Rates by Deductible or Liability Limit
More mature drivers with no violations or accidents and higher deductibles may pay as low as $800 annually on average, or $67 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers should be prepared to pay as much as $3,600 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you are probably paying at least $1,000 to $1,500 additional annually, depending on your age. Insurance for high-risk drivers ranges from 41% to 126% more than average. View High Risk Driver Rates
Where you choose to live plays a big part in determining prices for Honda Element insurance prices. A good driver about age 40 could pay as low as $580 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,190 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $798 | -$84 | -9.5% |
| Alaska | $676 | -$206 | -23.4% |
| Arizona | $732 | -$150 | -17.0% |
| Arkansas | $882 | -$0 | 0.0% |
| California | $1,004 | $122 | 13.8% |
| Colorado | $842 | -$40 | -4.5% |
| Connecticut | $908 | $26 | 2.9% |
| Delaware | $1,000 | $118 | 13.4% |
| Florida | $1,104 | $222 | 25.2% |
| Georgia | $814 | -$68 | -7.7% |
| Hawaii | $632 | -$250 | -28.3% |
| Idaho | $594 | -$288 | -32.7% |
| Illinois | $656 | -$226 | -25.6% |
| Indiana | $662 | -$220 | -24.9% |
| Iowa | $594 | -$288 | -32.7% |
| Kansas | $840 | -$42 | -4.8% |
| Kentucky | $1,204 | $322 | 36.5% |
| Louisiana | $1,306 | $424 | 48.1% |
| Maine | $546 | -$336 | -38.1% |
| Maryland | $726 | -$156 | -17.7% |
| Massachusetts | $706 | -$176 | -20.0% |
| Michigan | $1,532 | $650 | 73.7% |
| Minnesota | $738 | -$144 | -16.3% |
| Mississippi | $1,058 | $176 | 20.0% |
| Missouri | $782 | -$100 | -11.3% |
| Montana | $946 | $64 | 7.3% |
| Nebraska | $696 | -$186 | -21.1% |
| Nevada | $1,058 | $176 | 20.0% |
| New Hampshire | $636 | -$246 | -27.9% |
| New Jersey | $988 | $106 | 12.0% |
| New Mexico | $782 | -$100 | -11.3% |
| New York | $930 | $48 | 5.4% |
| North Carolina | $510 | -$372 | -42.2% |
| North Dakota | $722 | -$160 | -18.1% |
| Ohio | $608 | -$274 | -31.1% |
| Oklahoma | $906 | $24 | 2.7% |
| Oregon | $806 | -$76 | -8.6% |
| Pennsylvania | $842 | -$40 | -4.5% |
| Rhode Island | $1,178 | $296 | 33.6% |
| South Carolina | $800 | -$82 | -9.3% |
| South Dakota | $744 | -$138 | -15.6% |
| Tennessee | $772 | -$110 | -12.5% |
| Texas | $1,064 | $182 | 20.6% |
| Utah | $652 | -$230 | -26.1% |
| Vermont | $606 | -$276 | -31.3% |
| Virginia | $528 | -$354 | -40.1% |
| Washington | $680 | -$202 | -22.9% |
| West Virginia | $808 | -$74 | -8.4% |
| Wisconsin | $610 | -$272 | -30.8% |
| Wyoming | $786 | -$96 | -10.9% |
With such a large range in prices, the only way to figure out your exact price is to do a rate comparison from multiple companies. Each auto insurer uses a different rate calculation, and prices will be substantially different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Honda Element LX 2WD | $866 | $72 |
| Honda Element LX 4WD | $866 | $72 |
| Honda Element EX 2WD | $882 | $74 |
| Honda Element EX 4WD | $882 | $74 |
| Honda Element SC 2WD | $882 | $74 |
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 | $142 | $170 | $468 | $938 |
| 2006 Honda Element | $136 | $160 | $452 | $906 |
| 2005 Honda Element | $126 | $152 | $446 | $882 |
| 2004 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 Shop for the Cheapest Honda Element Insurance
Finding better rates on insurance for a Honda Element takes having a good driving record, having above-average credit, paying for small claims out-of-pocket, and taking advantage of discounts. Spend time shopping around at least every other year by requesting rates from direct insurance companies, and also from your local independent and exclusive agents.
The next list is a recap of the car insurance concepts touched on above.
- Drivers considered higher risk that have major violations or accidents may pay on average $1,010 more every year to buy Honda Element insurance
- It is possible to save up to $100 per year simply by quoting online in advance
- Increasing policy deductibles could save as much as $175 each year
- Insureds who may need increased levels of liability coverage will pay about $490 annually to raise limits from 30/60 bodily injury limits to a 250/500 level
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 | $3,644 |
| 20 | $2,018 |
| 30 | $890 |
| 40 | $882 |
| 50 | $812 |
| 60 | $794 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,000 |
| $250 | $946 |
| $500 | $882 |
| $1,000 | $818 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $882 |
| 50/100 | $971 |
| 100/300 | $1,083 |
| 250/500 | $1,373 |
| 100 CSL | $1,016 |
| 300 CSL | $1,261 |
| 500 CSL | $1,440 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,108 |
| 20 | $3,214 |
| 30 | $1,900 |
| 40 | $1,892 |
| 50 | $1,812 |
| 60 | $1,794 |
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 | $43 |
| Multi-vehicle | $48 |
| Homeowner | $16 |
| 5-yr Accident Free | $50 |
| 5-yr Claim Free | $54 |
| Paid in Full/EFT | $29 |
| Advance Quote | $37 |
| Online Quote | $58 |
| Total Discounts | $335 |
Discounts are estimated and may not be available from every company or in every state.
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