Honda Element Car Insurance: How Much Should You Expect to Pay?

Honda Element drivers pay about $100 per month for their insurance, on average. Our new guide will provide the information you need to know about how much auto insurance companies might charge you to insure your Honda Element.

Quick Facts

  • A Honda Element is more affordable to insure than the average SUV.

  • Liability car insurance for an Element comes in at around $73 a month, while full coverage normally averages about $129 monthly.

  • The cheapest auto insurance company for an Element is ACG.

Element Overview

The Honda Element is a great car for drivers on a budget, with a base price of just $20,825 for 2011 models. With two different trim levels currently offered, there's an option for every driver.

We crunched the numbers on thousands of insurance quotes on Compare.com, and we've determined that average Honda Element car insurance prices run around $100 a month. But how does that compare to other SUVs on the market?

Current Base Price$20,825
Body Style(s)SUV
Trim LevelsLX, EX
Average Insurance Premium$100/mo.
Cheapest Insurance CompanyACG

How Much is Car Insurance for a Honda Element?

Vehicle Liability Only Full Coverage
Honda Element$73$129
All Honda Models$84$166
All SUVs$81$152
Average Insurance Premium$81$169

Looking at the table above, you'll find that when you compare the Honda Element to other vehicles, insurance rates are cheaper than average. Element owners usually pay about $73 monthly for liability insurance, and around $129 per month for full coverage, which has comprehensive and collision coverages in addition to liability (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

When compared to other Honda models, the Element is less expensive, with premiums more than 10% lower than the rest of the automaker's vehicle lineup. Compared to SUV offerings from other brands, insurance for an Element is also more affordable, with full coverage insurance rates coming in about 15% less and 10% less for liability only insurance.

Overall, they're just more affordable to insure than the average vehicle, no matter what make, body style, or model they are.

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Who has the Cheapest Car Insurance for a Honda Element?

Insurance Company Average Monthly Premium
Hugo$31
Empower$38
Premier$43
Mapfre$43
FirstChicago$45

If you're looking for a new car insurance policy for your Honda Element, you might be most interested in which carrier offers the cheapest premiums. Although costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $31 per month from Hugo. The runner up for lowest rates is Empower, with car insurance policies starting sometimes as low as $38 monthly.

Rounding out the list are Premier, Mapfre, and FirstChicago. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

Insurance carriers take a whole range of different variables into consideration when calculating monthly rates. By pulling quotes from lots of auto insurance companies at once, you can guarantee you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Honda Element?

As we mentioned above, there are a whole range of factors that insurance carriers examine to decide how much they charge you -- and each company weighs certain factors more than others, so there's not a singular carrier that's the lowest for every Element driver.

The sections below show a variety of things auto insurance companies use to calculate rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 YearNo Recent Models
2-3 YearsNo Recent Models
4-5 Years$53
6-7 Years$64
8-10 Years$61
11-14 Years$72
15 Years or Older$83

The Honda Element has been around for a while, so vehicle age may play a big role in what you end up paying for car insurance. Normally, it costs less to insure older cars because they're worth less than newer models, and as cars get older, insurance costs will gradually get lower.

A new Honda Element model hasn't been added to the market for over 5 years, so the Element won't really fit this trend. However, as you can see in the table above, the cheapest Honda Elements to insure are those that are 4 to 5 years old, while the most expensive models are Elements that are 15 years old or more, on average.

Your Age

Age Average Monthly Premium
Under 18$111
18-24$136
25-34$66
35-44$63
45-54$55
55-64$55
65 or Older$57

How old you are plays a role in how much auto insurance carriers will charge. Based on the information above, young drivers pay a lot more for insurance than older Element drivers. In this case, drivers 18 to 24 pay more than twice as much as those 25 or older.

Auto insurance prices continue to decrease as you get older, with drivers aged 55-64 making up the cheapest age group for the Element.

Your Gender

Gender Average Monthly Premium
Male$71
Female$75

Did you know men tend to pay more for car insurance than women? This is because men are more likely to get tickets and get into accidents, which increases the chances of an insurance claim. Surprisingly, when it comes to Element drivers specifically, women pay around 5% more than men a month for auto insurance.

Where You Live

State Average Monthly Premium
California$55
Florida$104
Georgia$103
Illinois$36
New York$254
North Carolina$49
Ohio$46
Pennsylvania$67
Texas$57
Virginia$49

You may think it's obvious that factors like what vehicle you drive and how old you are play a role in your car insurance prices, but did you know that where you live is equally important? Car insurance is regulated on a state-by-state basis, so premiums can change quite a bit depending on where you live.

For example, the average Honda Element owner in New York pays about $254 a month for liability coverage, while on average, the same Californian driver will pay less than a fifth of that price. The chart shows average rates for the 10 largest states by population, just to give you a good idea of how much premiums can change from state to state.

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Honda Element Car Insurance Discounts

Whatever your age, your home state, or your car, it's always in your best interest to take advantage of as many insurance discounts as possible when shopping around for a new policy.

While no two auto insurance companies offer the same exact discounts, there are a few different ones that you'll find with most carriers. These include things like:

  • Defensive driving discounts for taking a defensive driving class through a certified school or institution
  • Multi-vehicle discounts for having more than one car on your auto policy
  • Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher than average safety ratings
  • Multi-policy discounts for getting both your home and auto policies from the same insurance company

However, discounts aren't the only way to save. Sometimes the best way to save is just by having a profile that looks good to insurance companies.

Even though you may not be able to control every factor car insurance carriers consider to calculate prices (like some of the ones mentioned above), there are quite a few that are in your control. Below are just a few of the ones you can use to your advantage in order to save money on insurance:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$83
Multiple Accidents$131
1 Ticket$77
Multiple Tickets$103

You've no doubt heard ads from car insurance companies posting hefty savings for good drivers. And you're probably not surprised to hear that your auto insurance rates will go up if you get a speeding ticket or get into an accident. But exactly how much is it going to cost you for these infractions?

As you can see, accidents will usually cost Element drivers more than tickets, but both will cause a significant increase in rates. Honda Element drivers with a single accident on their record pay about $83 every month (up $10 from the $73/mo. overall average), while drivers with one ticket will pay an average of $77 per month. Drivers who have multiple kinds of either violation will end up paying even more.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$67
2,501-5,000 Miles$65
5,001-7,500 Miles$67
7,501-10,000 Miles$70
10,000+ Miles$83

Another variable that impacts your car insurance prices is the total amount of miles you drive each year. Drivers who are on the roads less have fewer opportunities to get into an accident, so they'll typically be offered lower premiums. In the table above, you can see that Honda Element owners who drive 10,000 miles or more pay $83 for auto insurance, while those who drive fewer than 2,500 miles each year pay about $67 a month.

If you happen to be one of those drivers who put very few miles on your Honda Element each year, it may be worth reviewing pay-per-mile or usage-based insurance. With these kinds of coverage, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

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How Do Honda Elements Compare to Other Vehicles?

If you're thinking about purchasing a Honda Element, it can pay off to do your homework. Auto insurance is just one cost that comes with buying a new car, but it's guaranteed to be one that's worth thinking about carefully.

Take a look at the table below to see how the Honda Element compares:

Honda Element National Average
Liability Insurance$65$81
Full Coverage Insurance$118$169
Base MSRP$20,825$35,025
Average Annual Mileage11,76511,673

Overall, the Honda Element is a great value when it comes to price, with an MSRP that's a third less than the going rate for a new vehicle. While the average vehicle MSRP in the U.S. is $35,025, the Element goes for just $20,825. And since it's been awhile since a new Element model has been on the market, used prices will be even less expensive.

Likewise, auto insurance prices run below average when compared to other vehicles on the market. Liability insurance for a Honda Element is around $16 per month less than average, while full coverage is more than $50 less monthly.

When it comes to usage, Honda Element drivers are near the national average in annual miles driven, with 11,673 miles per year for all vehicles compared to the Element's 11,765 each year.

Honda Element Car Insurance Costs by Model Year

Thus far, you've seen how different things affect how much the average driver pays for insurance. If you're considering buying a new vehicle and the Element is one you're thinking about, knowing what you'll likely pay for the specific car you're looking at can be extremely helpful as you weigh your choices.

For this reason, we've decided to break down Honda Element car insurance premiums by model year. Choose a specific Element model year in the dropdown below and see average rates for both liability only and full coverage, as well as some other helpful info, such as cheapest insurance carrier, base price, and even available trims for each year the Element has been around.

2011 Honda Element Car Insurance

   
Liability Only Avg. Premium$65
Full Coverage Avg. Premium$118
Base MSRP$20,825
Cheapest Insurance CompanyMapfre - $29/mo.
Available TrimsEX, LX

The average cost to insure a 2011 Honda Element with liability only coverage is $65 per month, while full coverage runs about $118 monthly.

With rates as little as just $29 per month, Mapfre offered the most affordable policy we found.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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2010 Honda Element Car Insurance

   
Liability Only Avg. Premium$66
Full Coverage Avg. Premium$136
Base MSRP$20,525
Cheapest Insurance CompanyElephant - $25/mo.
Available TrimsEX, LX, SC

2010 Element drivers can expect to pay an average of $66 a month for liability or $136 for full coverage.

With premiums as low as $25 monthly, Elephant offered the cheapest policy we found for the 2010 Honda Element.

While these are good estimates of what the average driver might pay to insure a 2010 Honda Element, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2009 Honda Element Car Insurance

   
Liability Only Avg. Premium$79
Full Coverage Avg. Premium$100
Base MSRP$20,275
Cheapest Insurance CompanyHallmark - $19/mo.
Available TrimsEX, LX, SC

It costs around $79 a month for liability or $100 for a full coverage policy for the 2009 Honda Element.

Hallmark offered the most affordable policy we found, with rates sometimes as cheap as $19 per month.

Want to know exactly how much you'll pay? Enter your ZIP code below to get several free personalized quotes.

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2008 Honda Element Car Insurance

   
Liability Only Avg. Premium$64
Full Coverage Avg. Premium$116
Base MSRP$18,980
Cheapest Insurance CompanyCoverhound - $22/mo.
Available TrimsEX, LX, SC

You can expect full coverage for a 2008 Element to run about $116 a month, while liability only coverage will average around $64 monthly.

Looking for the lowest policy? Coverhound offered liability only coverage for as cheap as just $22 per month.

If you want to know exactly how much you can expect to pay for your Element, get free quotes in minutes by just entering your ZIP code below.

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2007 Honda Element Car Insurance

   
Liability Only Avg. Premium$69
Full Coverage Avg. Premium$130
Base MSRP$18,900
Cheapest Insurance CompanyCommonwealth Casualty - $18/mo.
Available TrimsEX, LX, SC

On average, drivers who own a 2007 Honda Element can expect to pay $69 to $130 a month for liability only and full coverage insurance, respectively.

We found Commonwealth Casualty offered the cheapest policy, with rates sometimes as little as $18 per month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2006 Honda Element Car Insurance

   
Liability Only Avg. Premium$84
Full Coverage Avg. Premium$143
Base MSRP$17,750
Cheapest Insurance CompanyACG - $17/mo.
Available TrimsEX, LX

You can expect full coverage for a 2006 Element to run about $143 monthly, while liability only coverage will average around $84 a month.

ACG has prices as little as $17 monthly for the 2006 Honda Element.

Want to know exactly what your auto insurance price will be? Just enter your ZIP code below to get lots of personalized quotes for free.

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2005 Honda Element Car Insurance

   
Liability Only Avg. Premium$78
Full Coverage Avg. Premium$129
Base MSRP$17,450
Cheapest Insurance CompanyCommonwealth Casualty - $19/mo.
Available TrimsEX, LX

It costs about $78 per month for liability or $129 for a full coverage policy for the 2005 Honda Element.

If you're looking for the most affordable 2005 Honda Element insurance policy, Commonwealth Casualty offered the lowest policy we found, with rates as low as just $19 monthly.

If you want to know exactly how much you can expect to pay for your Element, just enter your ZIP code below and get free quotes in minutes.

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2004 Honda Element Car Insurance

   
Liability Only Avg. Premium$63
Full Coverage Avg. Premium$113
Base MSRP$16,100
Cheapest Insurance CompanyClearcover - $18/mo.
Available TrimsDX, EX, LX

On average, drivers who own a 2004 Element can expect to pay $63 to $113 per month for liability only and full coverage car insurance, respectively.

With rates as cheap as $18 a month, Clearcover offered the most affordable policy we found for the 2004 Honda Element.

If you want to know exactly how much you can expect to pay for your Element, just enter your ZIP code below and get several free quotes in minutes.

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2003 Honda Element Car Insurance

   
Liability Only Avg. Premium$77
Full Coverage Avg. Premium$144
Base MSRP$16,100
Cheapest Insurance CompanyMercury - $16/mo.
Available TrimsDX, EX

The average cost to insure a 2003 Honda Element with liability only coverage is $77 per month, while full coverage runs around $144 a month.

With prices as cheap as just $16 monthly, Mercury offered the cheapest policy we found.

Want to find the most affordable rates? Get multiple customized quotes for free by just entering your ZIP code below.

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Honda Element Insurance FAQs

Is a Honda Element expensive to insure?

The Honda Element is relatively cheap to insure compared to the average SUV. Liability insurance runs an average of $73 a month, while full coverage will cost you around $129.

How can I get the best price on car insurance for my Honda Element?

The only way to confirm you're getting the cheapest price on auto insurance is to check prices regularly and compare quotes from a whole bunch of carriers. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a multitude of companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Honda Element affect my insurance prices?

You've probably heard the old adage that it costs more to insure a red car, but that's actually a myth. While there are a variety of variables insurance carriers think about when they calculate how much you'll pay, the color of your vehicle is not factored into that decision.

Do I need to have insurance before I buy a Honda Element?

You'll need to have a valid car insurance policy before you can legally drive your new (or new to you) Element off the dealership lot. As part of the buying process, some dealerships may offer you a car insurance policy, but the easiest thing to do is to let your insurance company know before you buy.

What car insurance discounts can I get for my Honda Element?

You will find a variety of discounts out there for car insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are more based on you than the Honda Element you drive, but if your Element has safety features like anti-lock brakes, anti-theft systems, airbags, and other features, it may qualify for certain discounts. The best way to find out is to reach out to your insurance carrier and ask about their list of discounts.

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