How to Save on Raleigh Honda Ridgeline Insurance

Want a free price quotes on low-cost Honda Ridgeline insurance in Raleigh? Searching for affordable Raleigh Honda Ridgeline insurance quotes on the web can seem to be overwhelming for drivers who are beginners to quoting and shopping for insurance on the internet. With so many insurance agents and insurance companies available, how are drivers expected to have a chance to compare every possible option in order to find the lowest rates?

How to find low-cost rates for Honda Ridgeline insurance in Raleigh

The best way to get affordable Honda Ridgeline insurance is to make a habit of regularly comparing prices from companies in Raleigh. This can be done by following these steps.

  1. It will benefit you to learn about how companies set rates and the measures you can take to prevent rate increases. Many rating criteria that drive up the price such as speeding and an imperfect credit history can be eliminated by improving your driving habits or financial responsibility. Continue reading for tips to get low prices and find discounts that you may qualify for.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while independent agents can quote rates from multiple companies. Get quotes now
  3. Compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.

The most important part of shopping around is to use similar limits and deductibles on every price quote and and to analyze as many different insurance providers as possible. This enables a fair price comparison and plenty of rates choose from.

Discount Honda Ridgeline insuranceUnthinkable but true, the vast majority of consumers in North Carolina have remained with the same auto insurance company for over three years, and virtually 40% of consumers have never even compared quotes to find affordable rates. American consumers could pocket $859 a year just by getting comparison quotes, but most tend to underestimate the benefits if they switched to a cheaper policy.

Consumers should take time to quote other rates before your policy renews because auto insurance prices change frequently. Even if you think you had the lowest rates on Honda Ridgeline insurance in Raleigh a few years ago you will most likely find a better rate quote today. Block out anything you think you know about auto insurance because it’s time to teach you the only way to remove unneeded coverages and save money.

The quickest way to compare car insurance rates for Honda Ridgeline insurance in Raleigh utilizes the fact all the major auto insurance companies have advanced systems to give you rate quotes. To begin a comparison, all you need to do is give them rating details such as what you do for a living, daily mileage, how your vehicles are used, and driver details. Your details is then sent to multiple top-rated companies and they return rate quotes instantly to find the best rate.

If you would like to compare rates now, click here and enter your coverage details.

The companies shown below provide quotes in Raleigh, NC. If multiple companies are listed, it’s a good idea that you get price quotes from several of them in order to get a fair rate comparison.

Why you need insurance for your Honda Ridgeline

Even though Raleigh Ridgeline insurance rates can get expensive, auto insurance is not optional due to several reasons.

First, almost all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a loan on your vehicle, almost every bank will stipulate that you buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Honda at a much higher rate and force you to pay much more than you were paying before.

Third, auto insurance preserves both your assets and your Honda. It will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying auto insurance are without a doubt worth the cost, especially with large liability claims. According to a recent study, the average American driver is currently overpaying as much as $700 annually so you should quote and compare rates once a year at a minimum to make sure the price is not too high.

Coverage analysis

The premium table shown below showcases detailed analysis of policy rates for Honda Ridgeline models. Having a better understanding of how insurance premiums are formulated can be valuable when making smart choices when selecting a coverage provider.

Honda Ridgeline Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $102 $200 $318 $18 $96 $734 $61
Ridgeline RTS 4WD $116 $200 $318 $18 $96 $748 $62
Ridgeline RTL 4WD $116 $236 $318 $18 $96 $784 $65
Ridgeline RTL W/Navigation 4WD $116 $236 $318 $18 $96 $784 $65
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in specific location which can increase or decrease price quotes significantly.

Physical damage deductibles: Should you raise them?

When shopping for auto insurance, a common question is how high should your deductibles be. The premium rates below can help show the difference in cost between low and high policy deductibles. The first set of rates uses a $250 physical damage deductible and the second price table uses a $500 deductible.

Honda Ridgeline insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $192 $324 $282 $16 $84 $923 $77
Ridgeline RTS 4WD $218 $324 $282 $16 $84 $949 $79
Ridgeline RTL 4WD $218 $382 $282 $16 $84 $1,007 $84
Ridgeline RTL W/Navigation 4WD $218 $382 $282 $16 $84 $1,007 $84
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Honda Ridgeline insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $156 $262 $282 $16 $84 $800 $67
Ridgeline RTS 4WD $176 $262 $282 $16 $84 $820 $68
Ridgeline RTL 4WD $176 $308 $282 $16 $84 $866 $72
Ridgeline RTL W/Navigation 4WD $176 $308 $282 $16 $84 $866 $72
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in specific garaging location which can revise prices greatly.

Based on these figures, using a $250 deductible costs about $11 more each month or $132 a year averaged for all Ridgeline models than requesting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 23 months between claim filings, you would come out ahead if you opt for a higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $81
Average monthly premium for $500 deductibles (subtract): – $70
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important caveat is that a higher deductible means you pay more out-of-pocket when you file a claim. You will want to have some extra funds in the event you have to pay more for the deductible.

Gender-based auto insurance rates by age in Raleigh

The information below shows the comparison of Honda Ridgeline annual premium costs for male and female drivers. The data is based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, single status, and no additional discounts are factored in.

Full coverage rates compared to liability-only

The diagram below illustrates the comparison of Honda Ridgeline car insurance rates when comparing full coverage to state minimum liability only. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are factored in.

Guidelines for eliminating full coverage

There is no exact formula to stop paying for comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda Ridgeline book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $4,000 after you pay the deductible. If premium cost is more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Cheaper rates on Honda Ridgeline insurance in Raleigh with these discounts

Insurance can cost an arm and a leg, but you might already qualify for some discounts that you may not even be aware of. A few discounts will be applied at the time you complete a quote, but a few must be specifically requested before you get the savings.Cheaper auto insurance with discounts

Discounts save money, but please remember that most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way.

The example below illustrates the difference between Honda Ridgeline insurance rates with and without discounts. The premiums are based on a female driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, homeowner, and multi-policy discounts applied.

Some of the insurance companies who may offer most of the discounts above include:

Before buying, ask each company or agent which discounts can lower your rates. Some credits may not apply to policyholders in Raleigh. To find companies that offer some of these discounts in North Carolina, click here.

What is the best auto insurance company in North Carolina?

Buying coverage from the top company can be rather challenging considering how many different companies sell coverage in North Carolina. The company information shown below could help you pick which car insurance providers you want to consider comparing rates with.

Top 10 Raleigh Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Raleigh Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%