It’s well known that auto insurance companies don’t want their customers to go rate shopping. Insureds who shop for lower prices will, in all likelihood, buy a different policy because there are good odds of finding a policy with more affordable rates. A study showed that drivers who made a habit of comparing rates saved $3,500 over four years as compared to drivers who never shopped around.
If saving the most money on Honda Ridgeline insurance is your ultimate goal, then learning a little about how to shop for coverage rates can save time and money.
If saving the most money is your goal, then the best way to get affordable Honda Ridgeline insurance is to regularly compare prices from insurers in Greensboro.
Step 1: Take a little time to learn about what coverages are included in your policy and the measures you can take to keep rates down. Many risk factors that drive up the price like high-risk driving behaviors and a bad credit score can be rectified by making minor driving habit or lifestyle changes. This article provides tips to help reduce prices and find overlooked discounts.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or State Farm, while independent agencies can quote prices from multiple companies.
Step 3: Compare the price quotes to the price on your current policy to determine if you can save on Ridgeline insurance. If you find better rates and buy the policy, make sure there is no coverage gap between policies.
The most important part of shopping around is to try to use similar coverage information on every quote request and and to get prices from as many auto insurance providers as possible. This ensures an apples-to-apples comparison and a thorough price selection.
Finding affordable car insurance coverage in Greensboro can be much easier if you know how to start. If you are insured now, you will most likely be able to lower your rates using these techniques. But North Carolina drivers must learn how companies calculate your car insurance rates.
The are a couple different ways of comparing rate quotes from insurance companies in your area. The best way to compare rates is to jump online and get quotes.
When price shopping your coverage, getting more free quotes provides better odds of finding a lower rate. Not every company allows you to get price estimates online, so it’s important to compare price quotes from them as well.
The companies shown below are ready to provide price comparisons in Greensboro, NC. To buy cheap car insurance in North Carolina, it’s a good idea that you visit two to three different companies to get the best price comparison.
Protect your Honda Ridgeline and other assets
Even though it’s not necessarily cheap to insure a Honda in Greensboro, insuring your vehicle is a good idea for several reasons.
First, almost all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability coverage if you don’t want to risk a ticket. 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 took out a loan on your vehicle, more than likely the lender will have a requirement that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may insure your Honda at a much higher rate and require you to fork over for the expensive policy.
Third, insurance safeguards both your Honda and your assets. It will also provide coverage for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, collision and comprehensive coverages will cover the repair costs.
The benefits of buying insurance are definitely more than the cost, especially with large liability claims. An average driver in America overpays as much as $810 a year so we recommend shopping around every year to help ensure money is not being wasted.
Insurance coverage analysis
The data table displayed next outlines different coverage prices for Honda Ridgeline models. Having a good grasp of how insurance policy premiums are calculated is important for making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ridgeline RT 4WD||$238||$476||$380||$22||$114||$1,230||$103|
|Ridgeline RTS 4WD||$268||$476||$380||$22||$114||$1,260||$105|
|Ridgeline RTL 4WD||$268||$560||$380||$22||$114||$1,344||$112|
|Ridgeline RTL W/Navigation 4WD||$268||$560||$380||$22||$114||$1,344||$112|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific location which can revise premium rates considerably.
The chart below demonstrates how deductible levels and can impact Honda Ridgeline premium costs for different age categories. The data is based on a married male driver, full coverage, and no policy discounts are applied.
Lower rate quotes by getting discounts
Auto insurance is easily one of your largest bills, but there could be significant discounts to cut the cost considerably. A few discounts will automatically apply when you purchase, but a few need to be requested specifically before you get the savings.
- Distant College Student Discount – Youth drivers who live away from home to go to college and do not have a car can be insured at a reduced rate.
- Defensive Driving Course – Passing a defensive driving course could earn you a small percentage discount and also improve your driving technique.
- Anti-lock Brake System – Cars and trucks that have steering control and anti-lock brakes are much safer to drive and the ABS can save up to 10%.
- Military Rewards – Having an actively deployed family member could be rewarded with lower premium rates.
- Discounts for Cautious Drivers – Accident-free drivers can save as much as half off their rates than drivers with accident claims.
A quick disclaimer, some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way.
The illustration below visualizes the comparison of Honda Ridgeline insurance prices with and without policy discounts. The premiums assume a female driver, no violations or accidents, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, claim-free, safe-driver, and multi-car discounts applied.
The best auto insurance companies and a summarized list of policyholder discounts include:
- Farmers Insurance offers discounts for teen driver, pay in full, bundle discounts, youthful driver, switch companies, and alternative fuel.
- Esurance may include discounts for anti-lock brakes, DriveSense, Pac-12 alumni, Switch & Save, anti-theft, claim free, and homeowner.
- State Farm offers discounts including Drive Safe & Save, student away at school, multiple autos, good student, passive restraint, and driver’s education.
- GEICO has discounts for emergency military deployment, military active duty, air bags, federal employee, and daytime running lights.
- Allstate includes discounts for early signing, premier plus, teenSMART discount, FullPay discount, auto/life discount, 55 and retired, and defensive driver.
When getting a coverage quote, ask all companies you are considering to apply every possible discount. A few discounts may not apply in Greensboro.
It’s not one size fits all
When choosing proper insurance coverage, there really is no single plan that fits everyone. Each situation is unique.
For example, these questions may help you determine whether you may require specific advice.
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Is there coverage for injuries to my pets?
- Does coverage extend to a rental car in a foreign country?
- Which is better, split liability limits or combined limits?
- What policy terms are available?
- What does medical payments coverage do?
- Do I need more liability coverage?
If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form.