If saving the most money is your goal, then the best way to get cheaper Honda Ridgeline insurance is to do an annual price comparison from insurance carriers who can sell car insurance in Tampa.
- Step 1: Try to learn about how insurance works and the factors you can control to drop your rates. Many things that increase rates like at-fault accidents, careless driving, and a negative credit history can be improved by paying attention to minor details. Read the full article for ideas to get cheaper coverage and get additional discounts.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can give you price quotes from multiple sources. Start a quote
- Step 3: Compare the new rates to your existing policy to see if switching to a new carrier will save money. If you can save some money and change companies, make sure there is no coverage gap between policies.
- Step 4: Provide notification to your current agent or company of your intent to cancel your current auto insurance policy. Submit a down payment along with a completed application to your new carrier. Immediately upon receiving it, keep your new proof of insurance paperwork in your vehicle.
A good tip to remember is to make sure you enter identical deductibles and limits on every price quote and and to get price estimates from as many carriers as you can. Doing this ensures a fair rate comparison and many rates to choose from.
It’s amazing but a large majority of drivers have remained with the same car insurance company for four years or more, and about 40% of consumers have never shopped around. Drivers in Florida can save hundreds of dollars each year by just comparing rate quotes, but they feel it’s too difficult to save money by comparing rate quotes.
Coverage information
The table shown below showcases detailed analysis of insurance rates for Honda Ridgeline models. Learning as much as possible about how car insurance prices are calculated can be of help when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ridgeline RT 4WD | $252 | $462 | $452 | $26 | $136 | $1,328 | $111 |
| Ridgeline RTS 4WD | $284 | $462 | $452 | $26 | $136 | $1,360 | $113 |
| Ridgeline RTL 4WD | $284 | $544 | $452 | $26 | $136 | $1,442 | $120 |
| Ridgeline RTL W/Navigation 4WD | $284 | $544 | $452 | $26 | $136 | $1,442 | $120 |
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in Tampa location which can modify rates noticeably.
An analysis of deductible level
One common question asked by Tampa drivers is which deductible level should you buy. The following insurance rates may help to illustrate the differences in premium rates between low and high physical damage coverage deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ridgeline RT 4WD | $322 | $544 | $472 | $28 | $142 | $1,533 | $128 |
| Ridgeline RTS 4WD | $364 | $544 | $472 | $28 | $142 | $1,575 | $131 |
| Ridgeline RTL 4WD | $364 | $640 | $472 | $28 | $142 | $1,671 | $139 |
| Ridgeline RTL W/Navigation 4WD | $364 | $640 | $472 | $28 | $142 | $1,671 | $139 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ridgeline RT 4WD | $262 | $438 | $472 | $28 | $142 | $1,342 | $112 |
| Ridgeline RTS 4WD | $296 | $438 | $472 | $28 | $142 | $1,376 | $115 |
| Ridgeline RTL 4WD | $296 | $516 | $472 | $28 | $142 | $1,454 | $121 |
| Ridgeline RTL W/Navigation 4WD | $296 | $516 | $472 | $28 | $142 | $1,454 | $121 |
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific Tampa garaging location which can impact premiums considerably.
Based on the figures above, using a $250 deductible costs approximately $17 more each month or $204 a year than requesting the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 15 months between claim filings, you would probably save some money if you elect the higher deductible. The numbers below show the way this calculation is made.
| Average monthly premium for $250 deductibles: | $134 |
| Average monthly premium for $500 deductibles (subtract): | – $117 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
An important sidenote is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you do file a claim. You should have some available funds in the event you need to pay more to get your vehicle repaired.
Impact of careless driving on insurance rates
The illustration below illustrates how speeding tickets and fender-benders can drive up Honda Ridgeline car insurance rates for each different age group. The rates are based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
Honda Ridgeline insurance rates: Men versus women
The diagram below visualizes the comparison of Honda Ridgeline car insurance costs for male and female drivers. The rates are based on a clean driving record, no claims, full coverage, $500 deductibles, single status, and no discounts are taken into consideration.
Do you need full coverage?
The information below illustrates the difference between Honda Ridgeline annual premium costs with and without physical damage coverage. The data is based on no claims or violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There isn’t a written rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s say your Honda Ridgeline settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying over $300 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some scenarios where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
What Determines Honda Ridgeline Insurance Costs?
Lots of factors are used when you quote your car insurance policy. Some are obvious such as your driving record, but other factors are more transparent like your continuous coverage or your financial responsibility. An important part of buying insurance is that you know the factors that come into play when calculating your premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that may result in big savings.
Youthful drivers cost more – Older insureds are proven to be safer behind the wheel, statistically cause fewer accidents, and receive fewer citations. Teenage drivers have been known to be inattentive and easily distracted in a vehicle so they pay higher car insurance rates.
The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
More stress means more cost – Jobs such as judges, business owners, and medical professionals usually pay higher rates than the rest of us in part from intense work requirements and long work hours. Other careers such as scientists, engineers and homemakers receive lower rates.
Save money by having good credit – An insured’s credit score can be an important factor in determining what you pay. So if your credit rating is low, you could be paying less to insure your Honda Ridgeline by spending a little time repairing your credit. Insureds that have high credit scores tend to file fewer claims than drivers with worse credit.
Cheaper rates by combining – Many insurers give discounts to people that purchase more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount it’s always a smart idea to compare other Tampa Ridgeline insurance rates to guarantee you are still saving the most.
Pay lower premiums after the wedding – Having a spouse helps lower the price on your policy. Having a spouse generally demonstrates drivers are more mature than a single person and statistics show married drivers tend to file fewer claims.
Lower performance equals lower insurance premiums – The performance of the car, truck or SUV you are buying insurance for makes a significant difference in determining your rates. The lowest premiums are usually found on the lowest performance passenger vehicles, but there are many factors that impact the final cost.
The next chart is based on a married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. The chart compares Honda Ridgeline insurance rates compared to other vehicles that have a range of risk factors.
Don’t skimp on liability insurance – Your policy’s liability coverage is the protection if ever you are determined to be liable for damages from an accident. Your policy’s liability insurance provides legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
If you don’t need it don’t buy it – Insurance policies have a lot of add-on coverages that can add up if you aren’t diligent. Coverages like rental car reimbursement, death and dismemberment, and term life insurance are some examples. These may sound like a good investment when deciding what coverages you need, but now you might not need them so consider taking them off your policy.
Car insurance company ratings
Ending up with the right auto insurance provider can be a challenge considering how many choices you have in Tampa. The company information in the next section could help you pick which companies to look at putting your business with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
The lowest rates come from being thorough
When shopping online for auto insurance, don’t be tempted to reduce coverage to reduce premium. There are many occasions where an insured cut physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.
Insureds switch companies for any number of reasons including high rates after DUI convictions, lack of trust in their agent, not issuing a premium refund and delays in paying claims. Whatever your reason, finding a new company is actually quite simple.
Cheaper auto insurance in Tampa can be found online and with local Tampa insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies don’t offer internet price quotes and many times these small, regional companies sell through independent agents.
To learn more, link through to the articles below:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Affordable Auto Insurance Quotes for 18 Year Olds in Tampa? (FAQ)
- How Much is Tampa Car Insurance for a Nissan Versa? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Tampa? (FAQ)
- What Insurance is Cheapest for Police Officers in Tampa? (FAQ)
- Who Has Cheap Tampa Auto Insurance for Retired Military? (FAQ)
- Coverage Information (Progressive Insurance)
- Senior Drivers (Insurance Information Institute)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)