Car Insurance Rate Quotes for a Honda Ridgeline in Louisville

Comparing and finding low cost premium rates for Honda Ridgeline insurance in Louisville could be slightly frustrating for people not familiar with online price comparisons. With such a large number of companies competing online, it can easily be hard work to compare prices in Kentucky on Honda Ridgeline insurance.

Insurance rates Honda Ridgeline in LouisvilleUnbelievable but true according to a study almost 70% of insureds in Kentucky have purchased from the same company for at least four years, and about 40% of consumers have never taken the time to shop around. With the average premium in the U.S. being $1,847, drivers could cut their rates by nearly $860 a year by just comparing rate quotes, but most undervalue how much savings they would realize if they bought a different policy.

It’s a good habit to take a look at other company’s rates quite often because car insurance prices are constantly changing. Despite the fact that you may have had the best deal on Honda Ridgeline insurance in Louisville on your last policy other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the right way to find the best coverage while lowering your premiums.

Save Money with These Tips

Part of the auto insurance buying process is learning some of the factors that help calculate the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that will entitle you to cheaper rates. Multiple criteria are part of the equation when you get a price on insurance. Most are fairly basic like a motor vehicle report, but others are more obscure such as your marital status or how safe your car is.

The list below includes a partial list of the pieces utilized by car insurance companies to help set prices.

Honda Ridgeline coverage analysis

The premium table below covers detailed analysis of insurance premium costs for Honda Ridgeline models. Understanding how prices are formulated can benefit drivers when making smart choices when buying a policy.

Honda Ridgeline Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $242 $498 $416 $24 $124 $1,304 $109
Ridgeline RTS 4WD $272 $498 $416 $24 $124 $1,334 $111
Ridgeline RTL 4WD $272 $586 $416 $24 $124 $1,422 $119
Ridgeline RTL W/Navigation 4WD $272 $586 $416 $24 $124 $1,422 $119
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium costs do not factor in your specific Louisville location which can raise or lower premiums greatly.

Physical damage deductible comparison

One common question asked by Louisville drivers is how high should the physical damage deductibles be. The premium rates below show how much more you’ll pay between high and low comp and collision deductibles. The first rate table uses a $250 deductible and the second rate chart uses a $500 deductible.

Honda Ridgeline insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $252 $426 $368 $22 $110 $1,203 $100
Ridgeline RTS 4WD $284 $426 $368 $22 $110 $1,235 $103
Ridgeline RTL 4WD $284 $500 $368 $22 $110 $1,309 $109
Ridgeline RTL W/Navigation 4WD $284 $500 $368 $22 $110 $1,309 $109
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Honda Ridgeline insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $206 $342 $368 $22 $110 $1,048 $87
Ridgeline RTS 4WD $232 $342 $368 $22 $110 $1,074 $90
Ridgeline RTL 4WD $232 $404 $368 $22 $110 $1,136 $95
Ridgeline RTL W/Navigation 4WD $232 $404 $368 $22 $110 $1,136 $95
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in specific garaging location which can raise or lower rates substantially.

Based on the data above, we can derive that using a $250 deductible costs roughly $13 more each month or $156 every year than buying the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go more than 19 months between claim filings, you would come out ahead going with the higher deductible. The table below illustrates the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $105
Average monthly premium for $500 deductibles (subtract): – $92
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important sidenote is that a higher deductible level means you will have to cover more of the damage yourself when you have to file a claim. That will force you to have some extra savings in order to pay more to get your vehicle repaired.

Liability only or full coverage

The information below illustrates the difference between Honda Ridgeline car insurance rates with and without full coverage. The data is based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Should you be buying full coverage?

There is no exact rule to delete physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda Ridgeline replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually to have full coverage, then it may be the right time to buy liability only.

There are some cases where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Get affordable Honda Ridgeline insurance in Louisville with discounts

Some companies don’t list all discounts very well, so the list below details both well-publicized and the more hidden credits available to you. If you are not receiving all the discounts available, you are paying more than you should be.Auto insurance discounts

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it appears you can get free auto insurance, you’re out of luck.

The diagram below illustrates the difference between Honda Ridgeline annual premium costs with and without policy discounts. The prices are based on a male driver, no accidents or driving violations, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, homeowner, claim-free, and safe-driver discounts applied.

A few popular companies and their offered discounts are detailed below.

If you want inexpensive Louisville car insurance quotes, ask each company what discounts are available to you. Savings might not apply in Louisville. If you would like to see a list of insurers who offer online Honda Ridgeline insurance quotes in Kentucky, click here.

How much can you save?

We just presented many tips how you can get a better price on Honda Ridgeline insurance in Louisville. The key concept to understand is the more price quotes you have, the higher your chance of finding affordable Louisville car insurance quotes. Consumers may even find the lowest premium rates are with a small mutual company.

Drivers who switch companies do it for many reasons like high prices, unfair underwriting practices, policy non-renewal and even lack of trust in their agent. Whatever your reason, finding a new company can be pretty painless.

As you quote Louisville car insurance, you should never buy poor coverage just to save money. There have been many cases where an insured cut liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to buy enough coverage at the lowest possible cost, not the least amount of coverage.

Steps to finding discount Honda Ridgeline insurance in Louisville

If you want to find the absolute lowest rates, then the best way to get affordable auto insurance rates is to compare prices at least once a year from companies that insure vehicles in Louisville.

First, read about car insurance and the things you can change to keep rates down. Many rating criteria that increase rates like traffic violations and a poor credit score can be eliminated by making lifestyle changes or driving safer.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and Allstate, while independent agents can quote rates for many different companies. View rates

Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available in Louisville. If you find a better price, verify that coverage does not lapse between policies.

An important part of this process is to use the same level of coverage on each quote and and to get price estimates from every company you can. This helps ensure a fair price comparison and a thorough price selection.

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