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.

Unbelievable 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.

• When should you not file policy claims? – If you file a lot of claims you can look forward to either policy cancellation or increased premiums. Auto insurance companies in Kentucky give lower rates to drivers who are claim-free. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.

• Males pay higher premiums – Over time, data shows that women are safer drivers than men. This data doesn’t prove that women are better drivers. Men and women cause at-fault accidents at about the same rate, but men have costlier accidents. Men also statistically get ticketed for serious violations like driving under the influence (DUI).

  The diagram below illustrates the difference between Honda Ridgeline insurance costs for male and female drivers. The rates are based on no violations or claims, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

• Cheaper rates after marriage – Being married actually saves money on auto insurance. Marriage generally demonstrates drivers are more financially stable and statistics prove married drivers get in fewer accidents.
• GPS tracking and theft deterrents reduce prices – Purchasing a vehicle with a theft deterrent system can help bring down rates. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms can thwart your car from being stolen.
• Insure car and home with the same company – Most larger auto insurance companies will award a discount to clients who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount applied, it’s always a smart idea to shop around to help ensure you have the lowest rates.
• More stress means more cost – Do you work in a high-stress field? Jobs such as real estate brokers, business owners, and emergency personnel usually pay higher rates than average due to intense work-related stress and lots of time spent at work. On the other hand, careers like farmers, students and performers pay the least.

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.

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.

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.

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.

• First Accident Forgiveness – Not a discount per se, but a handful of insurance companies allow you one accident before your rates go up if you have no claims prior to the accident.
• Own a Home – Simply owning a home can help you save on auto insurance because of the fact that having a home means you have a higher level of financial diligence.
• 55 and Retired – Drivers that qualify as senior citizens may be able to get a small discount on rates.
• Safety Restraint Discount – Buckling up and requiring all passengers to buckle up can save up to 15% off the medical payments premium.
• Employee of Federal Government – Being employed by or retired from a federal job may reduce rates when you quote Louisville car insurance depending on your company.
• Distant College Student Discount – Older children who live away from home to go to college and do not take a car to college could get you a discount.
• Driver Safety – Successfully completing a course in driver safety can save you 5% or more and also improve your driving technique.

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.

• AAA may have discounts that include multi-car, education and occupation, good driver, AAA membership discount, anti-theft, good student, and pay-in-full.
• Progressive offers discounts including online signing, continuous coverage, multi-policy, homeowner, and online quote discount.
• State Farm policyholders can earn discounts including safe vehicle, driver’s education, Steer Clear safe driver discount, accident-free, multiple policy, Drive Safe & Save, and defensive driving training.
• Esurance may offer discounts for multi-car, online quote, safety device, online shopper, and good driver.
• Nationwide may include discounts for accident-free, business or organization, Farm Bureau membership, family plan, defensive driving, and anti-theft.

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.

Helpful learning opportunities

• Think You’re a Safe Driver? (State Farm)
• Who Has the Cheapest Car Insurance for a Jeep Grand Cherokee in Louisville? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Louisville? (FAQ)
• Who Has Cheap Auto Insurance for Postal Workers in Louisville? (FAQ)
• Who Has Cheap Car Insurance for a Hyundai Sonata in Louisville? (FAQ)
• Who Has Cheap Louisville Auto Insurance for Hybrid Vehicles? (FAQ)
• Who Has Cheap Louisville Auto Insurance Rates for Single Moms? (FAQ)
• Who Has Cheap Auto Insurance for a Nissan Altima in Louisville? (FAQ)
• How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
• What Car Insurance is Cheapest for Teenagers in Louisville? (FAQ)
• Who Has the Cheapest Louisville Auto Insurance Rates for a Subaru Forester? (FAQ)
• Who Has Cheap Louisville Car Insurance Rates for High Mileage Drivers? (FAQ)
• Determining Auto Insurance Rates (GEICO)
• Frontal Crash Tests (iihs.org)
• Booster Seat Ratings (iihs.org)
• Child Safety FAQ (iihs.org)