Rediculous Insurance Premiums ( Canada)

elementloverrr · 01-17-2013, 03:16 PM

I just called a couple insurance companies and they told me the Honda Element has a high collision rating. Im an 18 year old male with a G2 license, my brother (young driver, G2) pays $2500/year for his Nissan Pathfinder which is a similar vehicle in size. For my quote on the element, it was $5000 dollars a year!!!!!!!! Five Thousand!!!!!! That is rediculous and a deal breaker for me, anyone else find a company with lower rates on the E's? Is this why they stopped making them? It seemed too good to be true, i guess it was.

aniki · 01-17-2013, 03:29 PM

That's pretty crazy. I only pay 58 a month for my element and its the SC model too. How is your driving record?

misdirection11082 · 01-17-2013, 03:37 PM

I pay $65 but I have tons of coverage. Hopefully the Canada owners can chime in here.

elementloverrr · 01-17-2013, 04:26 PM

That is with a perfect driving record, the collision rating is supposively too high. Such a bumer, seems like a perfect car.

elementloverrr · 01-17-2013, 04:49 PM

Just wanted to give a heads up to all canadians buying a honda element, in our communist regime the insurances prices are waay overpriced. The dealer will not warn you about these outrageous premiums on such a standard (seeming) SUV, i encourage you to check your premiums before you buy it like i should have done. Go USA!

onaquest · 01-17-2013, 05:12 PM

I have maximum discount and my insurance is 136/mo. In BC we have 1 major provincial motor insurance company. There are others but they aren't worth it, from what I've read.

TboneGreen · 01-18-2013, 04:47 AM

I am in Manitoba Canada - with a clean driving record I only pay about $110/month (below average). I don't know where the heck you're getting your quote from, but holy crap!

A "high collision rating" doesn't really make sense, does it?

independent77 · 01-18-2013, 05:04 AM

36 and married, Atlantic Canada.
3 cars(PLPD, Collision etc) and House coverage, $120 a month.

onaquest · 01-18-2013, 09:49 PM

Quote:

Originally Posted by independent77

36 and married, Atlantic Canada.
3 cars(PLPD, Collision etc) and House coverage, $120 a month.

I'm envious, in bc there are no multi vehicle discounts

elementloverrr · 01-19-2013, 12:53 PM

i found out if its an 06 element or higher its ignificantly higher. Go to www.ibc.ca. Ontario is the worst for liability in canada and im a young driver ( perfect record).

01-17-2013, 03:16 PM	#1
elementloverrr EOC Rank: Hydrogen 2006 *Not an Element owner Other Join Date: Jan 2013 Posts: 11	Rediculous Insurance Premiums ( Canada) I just called a couple insurance companies and they told me the Honda Element has a high collision rating. Im an 18 year old male with a G2 license, my brother (young driver, G2) pays $2500/year for his Nissan Pathfinder which is a similar vehicle in size. For my quote on the element, it was $5000 dollars a year!!!!!!!! Five Thousand!!!!!! That is rediculous and a deal breaker for me, anyone else find a company with lower rates on the E's? Is this why they stopped making them? It seemed too good to be true, i guess it was.

01-17-2013, 03:37 PM	#3
misdirection11082 EOC Rank: Carbon 2005 2WD EX AT Rallye Red (RR) Join Date: Jun 2011 Location: charlotte, nc Posts: 1,143	I pay $65 but I have tons of coverage. Hopefully the Canada owners can chime in here. __________________ http://www.elementownersclub.com/for...595&highlight=

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01-17-2013, 03:29 PM	#2
aniki EOC Rank: Hydrogen 2009 SC 2WD 5AT Crystal Black Pearl (CBP) Join Date: Jun 2012 Location: Charlotte, NC Posts: 91	That's pretty crazy. I only pay 58 a month for my element and its the SC model too. How is your driving record?

01-17-2013, 04:26 PM	#4
elementloverrr EOC Rank: Hydrogen 2006 *Not an Element owner Other Join Date: Jan 2013 Posts: 11	That is with a perfect driving record, the collision rating is supposively too high. Such a bumer, seems like a perfect car.

01-17-2013, 04:49 PM	#5
elementloverrr EOC Rank: Hydrogen 2006 *Not an Element owner Other Join Date: Jan 2013 Posts: 11	Just wanted to give a heads up to all canadians buying a honda element, in our communist regime the insurances prices are waay overpriced. The dealer will not warn you about these outrageous premiums on such a standard (seeming) SUV, i encourage you to check your premiums before you buy it like i should have done. Go USA!

01-17-2013, 05:12 PM	#6
onaquest EOC Rank: Hydrogen 2008 SC 2WD 5AT Root Beer Metallic (RBM) Join Date: Oct 2012 Location: Vancouver, BC Posts: 96	I have maximum discount and my insurance is 136/mo. In BC we have 1 major provincial motor insurance company. There are others but they aren't worth it, from what I've read.

01-18-2013, 04:47 AM	#7
TboneGreen EOC Rank: Hydrogen 2003 2WD DX MT Eternal Blue Pearl (EBP) Join Date: Feb 2012 Location: Winnipeg, Canada Posts: 65	I am in Manitoba Canada - with a clean driving record I only pay about $110/month (below average). I don't know where the heck you're getting your quote from, but holy crap! A "high collision rating" doesn't really make sense, does it?

01-18-2013, 05:04 AM	#8
independent77 EOC Rank: Hydrogen 2004 2WD LX MT Galapagos Green Metallic (GGM) Join Date: Sep 2012 Location: moncton, new brunswick Posts: 64	36 and married, Atlantic Canada. 3 cars(PLPD, Collision etc) and House coverage, $120 a month.

01-19-2013, 12:53 PM	#10
elementloverrr EOC Rank: Hydrogen 2006 *Not an Element owner Other Join Date: Jan 2013 Posts: 11	i found out if its an 06 element or higher its ignificantly higher. Go to www.ibc.ca. Ontario is the worst for liability in canada and im a young driver ( perfect record).

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