Save Money on Honda Ridgeline Insurance in Cincinnati

Insurance for Honda RidgelineThe best way we recommend to find cheaper prices for Honda Ridgeline insurance in Cincinnati is to make a habit of comparing prices annually from insurers in Ohio. You can shop around by following these guidelines.

Step 1: Spend some time learning about how car insurance works and the measures you can control to lower rates. Many policy risk factors that result in higher prices such as speeding tickets, careless driving and a less-than-favorable credit rating can be controlled by making small lifestyle or driving habit changes.

Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive or State Farm, while agents who are independent can provide rate quotes for a wide range of companies. Select a company

Step 3: Compare the new rate quotes to the price on your current policy to see if cheaper Ridgeline coverage is available. If you can save some money and switch companies, make sure there is no lapse in coverage.

Step 4: Notify your company or agent of your intention to cancel your current auto insurance policy. Submit a signed application and payment to your new carrier. Once received, put the certificate verifying proof of insurance with the vehicle registration.

The key aspect of shopping around is to compare the same physical damage deductibles and liability limits on each price quote and and to look at as many different insurance providers as possible. This ensures an accurate price comparison and a thorough selection of prices.

Smart shoppers know that insurance companies don’t want their customers to go rate shopping. Drivers who rate shop once a year will, in all likelihood, switch companies because they have good chances of getting low-cost coverage. A recent survey discovered that drivers who regularly shopped around saved on average $865 a year compared to policyholders who never compared other company’s rates.

If saving money on Honda Ridgeline insurance is your goal, then understanding how to find companies and compare insurance can make it easier to find better rates.

Auto insurance statistics and figures

The premium information shown below covers a range of insurance costs for Honda Ridgeline models. Understanding how auto insurance prices are figured can help guide drivers when making informed decisions.

Honda Ridgeline Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $188 $398 $334 $20 $100 $1,040 $87
Ridgeline RTS 4WD $212 $398 $334 $20 $100 $1,064 $89
Ridgeline RTL 4WD $212 $470 $334 $20 $100 $1,136 $95
Ridgeline RTL W/Navigation 4WD $212 $470 $334 $20 $100 $1,136 $95
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Table data does not factor in Cincinnati location which can alter price quotes significantly.

Auto insurance deductibles

When buying auto insurance, a common question is how high should the physical damage coverage deductibles be. The figures shown below can help you visualize how much more you’ll pay between low and high policy deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Honda Ridgeline insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $176 $296 $256 $16 $76 $845 $70
Ridgeline RTS 4WD $198 $296 $256 $16 $76 $867 $72
Ridgeline RTL 4WD $198 $348 $256 $16 $76 $919 $77
Ridgeline RTL W/Navigation 4WD $198 $348 $256 $16 $76 $919 $77
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Honda Ridgeline insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $142 $238 $256 $16 $76 $728 $61
Ridgeline RTS 4WD $160 $238 $256 $16 $76 $746 $62
Ridgeline RTL 4WD $160 $280 $256 $16 $76 $788 $66
Ridgeline RTL W/Navigation 4WD $160 $280 $256 $16 $76 $788 $66
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific location which can modify rates substantially.

We can estimate from the data above that using a $250 deductible would cost the average driver about $10 more each month or $120 a year across all Honda Ridgeline models than selecting the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 25 months between claim filings, you would most likely save money if you elect the higher deductible.

Honda Ridgeline annual premiums for males versus females

The illustration below visualizes the comparison of Honda Ridgeline premium costs for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

Honda Ridgeline liability-only versus full coverage

The diagram below shows the difference between Honda Ridgeline car insurance costs with and without physical damage coverage. The data assumes no claims or driving violations, $1,000 deductibles, single marital status, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no specific rule to eliminate full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your Honda Ridgeline settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying the physical damage deductible. If you are paying in excess of $800 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few situations where eliminating full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Educate yourself about insurance coverages

Having a good grasp of insurance can be of help when determining the best coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

Comprehensive protection

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, a broken windshield and fire damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Honda Ridgeline.

Since a lot of drivers carry very low liability coverage limits (which is 25/50/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills such as hospital visits, EMT expenses, dental work, rehabilitation expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Liability car insurance

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage protects against claims such as attorney fees, pain and suffering and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Ohio requires minimum liability limits of 25/50/25 but you should think about purchasing higher limits.

The chart below demonstrates why low liability limits may not be high enough to cover claims.

Auto collision coverage

This coverage covers damage to your Ridgeline resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as crashing into a ditch, crashing into a building, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible on your Ridgeline in order to get cheaper collision rates.

Cheap auto insurance rates are available

Budget-conscious Honda Ridgeline insurance can be purchased from both online companies as well as from independent agents in Cincinnati, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies do not offer online quoting and usually these smaller providers provide coverage only through independent agents.

When you buy Cincinnati car insurance online, do not skimp on coverage in order to save money. There are many occasions where drivers have reduced full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

In this article, we presented some good ideas how to get a better price on Honda Ridgeline insurance in Cincinnati. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may even be surprised to find that the best rates are with an unexpected company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.

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