I had a Honda Civic EX 2001 and traded it in for my E with no regrets. I was paying about 1000 dollars a year for insurance, now I'm paying 1200 so it went up about 200 dollars. Not bad. It shouldn't go up that much.
Soon, I'll be trading in my 2002 Civic EX on a 2004 Element. I asked my State Farm agent what the new ins. rate would be and he said it would be less. SF had some base classification for each car that was relative to how much it would cost to fix it.
'02 Civic EX -- 16
'03 Element 4WD -- 15
'03 Element 2WD -- 14
My only thought is that the Element costs less to fix becuase the bumper covers aren't painted and may be easier to replace. The El did do very well on the IIHS bumper basher test, IIRC.
As a former State Farm-er, I can tell you the first model year the vehicle insurance is based on the MSRP of the vehicle. After the first year, they take into account thefts, severity of accidents, repair costs, injuries, etc. to come up with what they call an Insurance Rating Group. So if you have State Farm, after the first year their is a pretty good chance your premium is going to change. That being said, I find that State Farm is extremely reasonable. I had a 2002 Corolla S and the monthly premium is basically the same.
Hope that gives you a better idea of how it all works. :wink:
i thought going from my 97 saturn to my ex E would be alot because i didnt get the alarm my insurance would be high because it's an suv i was wrong in MA the insurance company and my registration say it's a station wagon!! where it says car type it says STWAGON i don't care what they call it -- it didnt cost any more to insure!!