Cheapest Honda Ridgeline Insurance in Fort Wayne

Smart shoppers know that insurance companies want to keep your business as long as possible. Consumers who shop around for cheaper prices will, in all likelihood, switch to a new company because there is a significant possibility of finding a lower-cost company. A study discovered that people who faithfully checked for cheaper rates saved approximately $72 a month as compared to drivers who never shopped around for better prices.

If finding the cheapest rates on Honda Ridgeline insurance in Fort Wayne is your objective, then knowing how to quote and compare insurance can help make the process easier and more efficient.

Discount Honda Ridgeline insuranceTo save the most money, the best way to get affordable car insurance rates in Fort Wayne is to compare prices annually from providers who sell insurance in Indiana.

  1. Read and learn about how companies price auto insurance and the changes you can make to prevent rate increases. Many policy risk factors that result in higher prices like traffic tickets, fender benders, and poor credit can be eliminated by paying attention to minor details.
  2. Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or State Farm, while independent agencies can give you price quotes from multiple sources.
  3. Compare the new rate quotes to your existing rates and determine if cheaper Ridgeline coverage is available. If you find better rates, make sure there is no coverage gap between policies.
  4. Notify your agent or company of your intention to cancel the current policy. Submit any necessary down payment along with the completed application to your new company or agent. Once coverage is bound, put the certificate verifying coverage in your vehicle’s glove compartment or console.

A good tip to remember is to try to compare the same level of coverage on every quote request and and to get price quotes from as many different companies as possible. Doing this provides a fair rate comparison and maximum price selection.

If you are insured now or are just looking to switch companies, you can use this information to buy cheaper insurance while maximizing coverage. Locating the best rates in Fort Wayne is really not that difficult. Consumers just have to learn the proper methods to quote multiple rates from many companies at once.

Auto insurance analysis for a Honda Ridgeline

The table shown next outlines different coverage prices for Honda Ridgeline models. Learning a little about how auto insurance policy rates are figured helps drivers make decisions when choosing a new policy provider.

Honda Ridgeline Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $208 $414 $412 $24 $124 $1,182 $99
Ridgeline RTS 4WD $236 $414 $412 $24 $124 $1,210 $101
Ridgeline RTL 4WD $236 $486 $412 $24 $124 $1,282 $107
Ridgeline RTL W/Navigation 4WD $236 $486 $412 $24 $124 $1,282 $107
Get Your Own Custom Quote Go

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in zip code location which can modify auto insurance rates noticeably.

Policy deductible comparison

One of the most common auto insurance questions is how low should you set your deductibles. The tables below illustrate the rate differences between low and high physical damage deductibles. The first set of prices uses a $100 deductible and the second rate chart uses a $500 deductible.

Honda Ridgeline insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $242 $436 $318 $18 $94 $1,133 $94
Ridgeline RTS 4WD $272 $436 $318 $18 $94 $1,163 $97
Ridgeline RTL 4WD $272 $514 $318 $18 $94 $1,241 $103
Ridgeline RTL W/Navigation 4WD $272 $514 $318 $18 $94 $1,241 $103
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Honda Ridgeline insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $176 $294 $318 $18 $94 $900 $75
Ridgeline RTS 4WD $200 $294 $318 $18 $94 $924 $77
Ridgeline RTL 4WD $200 $348 $318 $18 $94 $978 $82
Ridgeline RTL W/Navigation 4WD $200 $348 $318 $18 $94 $978 $82
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in zip code location which can impact price quotes considerably.

Based on this data, using a $100 deductible will cost you approximately $20 more each month or $240 for a full year than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 20 months between claim filings, you would more than likely save some money if you choose the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $99
Average monthly premium for $500 deductibles (subtract): – $79
Monthly savings from raising deductible: $20
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important sidenote is that raising deductibles results in a higher out-of-pocket expense when you have a physical damage claim. You need enough disposable income in the event you need to pay more to get your vehicle repaired.

Illustration showing the impact of accidents and violations

The illustration below illustrates how violations and at-fault collisions increase Honda Ridgeline auto insurance rates for different categories of driver ages. The premiums assume a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Male drivers versus female drivers

The information below illustrates the difference between Honda Ridgeline auto insurance costs for male and female drivers. The price estimates are based on a clean driving record, no claims, full physical damage coverage, $500 deductibles, single status, and no discounts are applied to the premium.

How much more does full coverage cost in Fort Wayne?

The example below compares Honda Ridgeline insurance premiums with liability coverage only compared to full coverage. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no other discounts are factored in.

When to eliminate full coverage

There is no written rule to drop full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Honda Ridgeline replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after you pay the deductible. If it’s costing you more than $800 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some circumstances where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Smart Buyers Can Lower Insurance Rates

Consumers need to have an understanding of the rating factors that come into play when calculating your premiums. When you know what positively or negatively determines premiums, this enables informed choices that may reward you with cheaper rates. Lots of things are part of the equation when you get a price on insurance. Most are fairly basic like your driving record, but some are not as apparent such as your credit history or how financially stable you are.

Persistence pays off

Cheaper Honda Ridgeline insurance in Fort Wayne is available from both online companies and with local Fort Wayne insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not offer the ability to get quotes online and most of the time these regional carriers only sell coverage through local independent agents.

As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. In too many instances, drivers have reduced liability limits or collision coverage and discovered at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage for the lowest cost and still be able to protect your assets.

We covered some good ideas how to find affordable Honda Ridgeline insurance in Fort Wayne. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the most savings is with the least-expected company. These companies may cover specific market segments cheaper compared to the large companies like GEICO and State Farm.

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