If saving money is your primary concern, then the best way to get the cheapest auto insurance rates is to compare quotes annually from companies who provide auto insurance in Las Vegas.
- Step 1: Spend a few minutes and learn about how insurance companies determine prices and the steps you can take to keep rates low. Many factors that result in higher rates like at-fault accidents, speeding tickets, and an unacceptable credit rating can be amended by paying attention to minor details. Continue reading for more ideas to prevent high rates and get additional discounts.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while independent agents can quote prices for many different companies.
- Step 3: Compare the price quotes to your existing rates and determine if there is any savings. If you find a lower rate, ensure coverage does not lapse between policies.
- Step 4: Give proper notification to your current agent or company to cancel your current policy. Submit a completed application and payment to the new company. As soon as coverage is bound, put the certificate of insurance along with the vehicle’s registration papers.
One key aspect when comparing rates is to try to compare the same coverage limits and deductibles on each quote request and and to get rates from as many different insurance providers as possible. Doing this guarantees a fair price comparison and a complete rate analysis.
Anyone knows that insurance companies don’t want policyholders to compare prices from other companies. Insureds who shop around for the cheapest price will, in all likelihood, buy a different policy because there is a significant possibility of finding good coverage at a lower price. A recent survey revealed that people who did price comparisons regularly saved on average $865 a year compared to other drivers who never shopped around for cheaper prices.
If finding the lowest price on Honda Element insurance is your ultimate target, then understanding how to compare coverages can help make the process easier.
If you are already insured, you will most likely be able to lower your rates using the following tips. We hope to help you learn how car insurance quotes work and how you can save the most money. But Nevada drivers can benefit from knowing the way insurance companies charge you for coverage and use it to your advantage.
When looking for inexpensive Las Vegas car insurance quotes, there are a couple ways of comparing rate quotes from insurance companies in your area. By far the easiest way to compare Honda Element insurance prices is to use the internet to compare rates.
When price shopping your coverage, comparing more quotes will increase your chances of finding better pricing. Some companies don’t provide online rate quotes, so it’s necessary to compare price estimates from them as well.
The following companies are ready to provide free quotes in Nevada. If you wish to find the best cheap auto insurance in Las Vegas, we recommend you get rates from several of them to get the most affordable price.
Save money with these price cutting discounts
Companies don’t list all available discounts very clearly, so the list below gives a summary of a few of the more well known and also the lesser-known savings tricks you should be using when you buy Las Vegas car insurance online.
- Waiver for an Accident – This one is not really a discount per se, but a handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
- Service Members Pay Less – Being deployed in the military may lower your prices slightly.
- Employee of Federal Government – Active or former government employment can earn a discount up to 10% with a few auto insurance companies.
- Fewer Miles Equal More Savings – Driving less may enable drivers to earn discounted auto insurance rates on garaged vehicles.
- Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents and will save you 10% or more on Element insurance in Las Vegas.
Consumers should know that some credits don’t apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. Even though it appears you can get free auto insurance, it doesn’t quite work that way.
The information below shows the comparison of Honda Element insurance costs with and without discounts applied. The rates are based on a male driver, no claims, a clean driving record, Nevada state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, multi-car, marriage, and homeowner discounts applied.
To choose companies that offer multiple discounts in Nevada, click this link.
Rates and other information
The coverage information displayed below outlines detailed analysis of insurance premium costs for Honda Element models. Understanding more about how insurance quotes are formulated is important to be able to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Element LX 2WD | $168 | $252 | $404 | $24 | $120 | $968 | $81 |
| Element LX 4WD | $168 | $252 | $404 | $24 | $120 | $968 | $81 |
| Element EX 2WD | $168 | $252 | $404 | $24 | $120 | $968 | $81 |
| Element EX 4WD | $168 | $252 | $404 | $24 | $120 | $968 | $81 |
| Element SC 2WD | $168 | $252 | $404 | $24 | $120 | $968 | $81 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Information does not factor in specific Las Vegas garaging location which can decrease or increase price quotes greatly.
The illustration below highlights how deductible choice and can affect Honda Element insurance premiums for different categories of driver ages. The data is based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Irresponsible driving raises your rates
The example below highlights how traffic violations and at-fault accidents can drive up Honda Element premium costs for different age groups of insureds. The data is based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
Yearly car insurance costs for men versus women
The illustration below illustrates the comparison of Honda Element premium costs for male and female drivers. The rates are based on no violations or accidents, full coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Rate comparison of full coverage and liability-only
The example below compares Honda Element car insurance rates with and without full coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop comp and collision
There is no definitive guideline to stop paying for physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Honda Element replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after you pay the deductible. If you are paying in excess of $500 a year for full coverage, then you may want to consider only buying liability coverage.
There are a few situations where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Exclusive and independent insurance agents
Many people just want to get advice from a local agent and that is a smart decision One of the benefits of getting free rate quotes online is that you can find the best rates but also keep your business local. And supporting neighborhood agents is especially important in Las Vegas.
To find an agent, once you fill out this simple form, your information is immediately sent to agents in your area who will give competitive quotes for your business. It makes it easy because there is no need to leave your computer because prices are sent to the email address you provide. You’ll get the best rates without requiring a lot of work. If you have a need to compare prices from a specific company, don’t hesitate to go to their quote page and submit a quote form there.
If you are wanting to find an insurance agent, you should know the types of insurance agents to choose from. Las Vegas agents can be described as either independent or exclusive.
Independent Insurance Agents (or Brokers)
Independent agents can quote rates with many companies so they have the ability to put coverage through lots of different companies and get you the best rates possible. To move your coverage to a new company, the agent simply finds a different carrier and you don’t have to find a new agent.
When comparison shopping, we recommend you compare prices from multiple independent agents so that you have a good selection of quotes to compare. They often place coverage with less well-known companies which may have better rates.
Listed below is a list of independent agents in Las Vegas that can give you pricing information.
- Leavitt Group – Leavitt Insurance Agency
7881 W Charleston Blvd #140 – Las Vegas, NV 89117 – (702) 382-4010 – View Map - All Around Insurance Agency, Inc.
3970 N Tenaya Way #110 – Las Vegas, NV 89129 – (725) 696-7707 – View Map - Superior Insurance
2511 Stewart Ave – Las Vegas, NV 89101 – (702) 721-7575 – View Map
Exclusive Insurance Agents
Agents of this type work for only one company like Allstate, Farmers Insurance, State Farm, and AAA. They usually cannot place coverage with different providers so if the price isn’t competitive there isn’t much they can do. They are usually quite knowledgeable on their company’s products which helps them sell on service rather than price. A lot of people buy from the same agent for years mainly due to the brand rather than low rates.
Listed below is a short list of exclusive agents in Las Vegas that are able to give comparison quotes.
- Allstate Insurance: Sergio A Chavez
4676 W Charleston Blvd – Las Vegas, NV 89102 – (702) 462-9100 – View Map - Farmers Insurance – Nino Jimenez
3375 Glen Ave #10 – Las Vegas, NV 89121 – (702) 696-1606 – View Map - Tod Young – State Farm Insurance Agent
7450 W Cheyenne Ave #105 – Las Vegas, NV 89129 – (702) 367-4900 – View Map
Choosing an insurance agent needs to be determined by more than just the quoted price. The questions below may impact your decision as well.
- If you are a high risk driver, do they have special markets for your coverage?
- What companies can they write with?
- Which companies do they recommend if they are an independent agency?
- When do they do a full risk review?
- Is the agency active in community causes in Las Vegas?
You are unique and your insurance should be too
When quoting and comparing insurance from an agent or online, there is no “perfect” insurance plan. Every situation is different so your insurance needs to address that.
These are some specific questions could help you determine whether your personal situation will benefit from professional help.
- Is business property covered if stolen from my car?
- Do they offer discounts for home and auto coverage?
- Do I need special coverage while pulling a rented trailer?
- How does medical payments coverage work?
- When should I not buy collision coverage?
- If I use my vehicle for business use is it covered?
- Does insurance cover damages from a DUI accident?
- Can I drive in Mexico and have coverage?
- Are my company tools covered if they get stolen?
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
How to Lower Your Insurance Prices
It’s important that you understand the factors that are used to determine your premiums. If you know what positively or negatively impacts your premiums, this enables you to make decisions that may result in big savings. Lots of factors are part of the equation when you get a price on insurance. Some factors are common sense like an MVR report, but other factors are more transparent such as your marital status or your commute time.
The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set prices.
- Don’t abuse policy claims – Car insurance companies in Nevada award lower rates to people who do not file claims often. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Your car insurance is designed for claims that pose a financial burden.
- Buy a safe car and pay less – Vehicles with high crash test scores can get you lower premiums. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you. If your Honda has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
- No coverage gaps is important – Driving with no insurance is illegal and companies may charge more for letting your coverage have a gap. Not only will you pay more, failure to provide proof of insurance can result in a license revocation or jail time.
- Big city or small town – Being located in less populated areas of the country can save you money when insuring your vehicles. Fewer drivers on the road translates into fewer accident claims in addition to fewer liability claims. Residents of big cities tend to have congested traffic and more time behind the wheel. More time commuting means more chances of being involved in an auto accident.
- Drive lots and pay more – The higher the miles on your Honda in a year’s time the more you will pay for car insurance. Many insurance companies calculate prices partially by how you use the vehicle. Autos that have low annual miles qualify for better rates than those used for commuting. Ask your agent if your car insurance policy is rated on annual mileage. An improperly rated Element can result in significantly higher rates.
- Physical damage deductibles – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Honda. Some instances where coverage would apply would be a broken windshield, hitting a deer, and damage from a fallen tree branch. Comp and collision deductibles tell how much you are willing to pay if the claim is covered. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive.
- Does your occupation cost you more? – Do you have a high-stress occupation? Jobs like real estate brokers, architects, and dentists have higher premiums than the average policyholder because of job stress and long work hours. On the flip side, jobs like actors, athletes and retirees have lower than average premiums.
Three reasons car insurance is important
Even though it can be expensive, insurance may be required for several reasons.
- Just about all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability insurance coverage if you drive a vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Honda Element, almost every bank will have a requirement that you have physical damage coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Honda for a lot more money and require you to reimburse them for the much more expensive policy.
- Car insurance preserves your vehicle and your assets. Insurance will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If your Honda gets damaged, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of having insurance are without a doubt worth the cost, particularly when you have a large claim. But the average driver in Nevada overpays as much as $810 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are inline.
Be persistent to save money
Budget-conscious Honda Element insurance can be found on the web and from local agencies, so you need to quote Las Vegas car insurance with both to have the best chance of lowering rates. Some insurance companies don’t offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.
As you quote Las Vegas car insurance, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that it was a big error on their part. Your focus should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.
More tips and info about insurance is available in these articles:
- Young Drivers: The High Risk Years Video (iihs.org)
- How Much are Las Vegas Auto Insurance Quotes for a Ford F-150? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teachers in Las Vegas? (FAQ)
- Who Has Affordable Auto Insurance Rates for Safe Drivers in Las Vegas? (FAQ)
- Who Has Affordable Las Vegas Car Insurance Rates for a Ford Fusion? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- Airbag FAQ (iihs.org)
- Auto Insurance FAQ (Farmers Insurance)