Cheap Cleveland Honda Ridgeline Insurance

It’s a known fact that auto insurance companies want to keep your business as long as possible. Consumers who shop around for the cheapest price are very likely to switch to a new company because of the good chance of finding a lower-cost company. Remarkably, a study showed that drivers who compared rates regularly saved approximately $3,500 over four years compared to those who don’t regularly compare prices.

If saving the most money on auto insurance in Cleveland is why you’re reading this, understanding the best ways to find and compare auto insurance can save time, money, and frustration.

Insurance rates Honda Ridgeline in ClevelandThe preferred way to get affordable Honda Ridgeline insurance is to compare prices once a year from providers in Cleveland.

First, spend a few minutes and learn about coverages and the changes you can make to prevent high rates. Many risk factors that cause high rates such as traffic citations and a not-so-good credit rating can be eliminated by making small lifestyle or driving habit changes.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like GEICO or Allstate, while agents who are independent can quote prices from multiple insurance companies. Compare rates now

Third, compare the new rate quotes to your existing coverage and determine if there is any savings. If you find a better price and buy the policy, verify that coverage does not lapse between policies.

Fourth, provide notification to your current agent or company to cancel your current policy. Submit payment along with a signed and completed policy application for your new coverage. Immediately keep the new certificate verifying proof of insurance in an easily accessible location in your vehicle.

One thing to point out is to compare identical deductibles and limits on every quote request and and to get rate quotes from as many companies as feasibly possible. Doing this provides an accurate price comparison and the best price selection.

Locating the best rates in Cleveland is much easier if you have a good place to start. If you are already insured, you will most likely be able to shop for the lowest rates using these tips. Drivers just have to know the best way to compare price quotes on the web.

Finding a lower price on insurance is a great way to save money. All that’s required is to take the time comparing free Cleveland auto insurance quotes from online providers.

The companies shown below are ready to provide price comparisons in Ohio. If you want to find cheap car insurance in Cleveland, it’s a good idea that you visit as many as you can to get the best price comparison.

Insurance coverage details

The data table displayed below outlines a range of coverage costs for Honda Ridgeline models. Having a better understanding of how rates are formulated is important to be able to make informed decisions when comparing rate quotes.

Honda Ridgeline Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $162 $238 $336 $20 $100 $856 $71
Ridgeline RTS 4WD $184 $238 $336 $20 $100 $878 $73
Ridgeline RTL 4WD $184 $280 $336 $20 $100 $920 $77
Ridgeline RTL W/Navigation 4WD $184 $280 $336 $20 $100 $920 $77
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in your specific Cleveland location which can change auto insurance rates noticeably.

Can higher deductibles save money?

The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The following insurance rates may aid in understanding the rate fluctuation when you choose different physical damage deductibles. The first table uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Honda Ridgeline insurance 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 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
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in your specific Cleveland location which can change price quotes considerably.

Based on the figures above, using a $250 deductible will cost you roughly $10 more each month or $120 for a full year than quoting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 25 months between claim filings, you would probably come out ahead going with the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $74
Average monthly premium for $500 deductibles (subtract): – $64
Monthly savings from raising deductible: $10
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

Honda Ridgeline insurance premiums by gender and age

The diagram below visualizes the comparison of Honda Ridgeline insurance costs for male and female drivers. The price estimates are based on no accidents or driving violations, full coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Full coverage versus liability-only in Cleveland

The information below illustrates the difference between Honda Ridgeline premium costs when comparing full coverage to state minimum liability only. The price estimates are based on no violations or accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to buy liability coverage only

There is no definitive rule to drop full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your Honda Ridgeline replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the deductible is paid. If premium cost is more than $600 annually to have full coverage, then it could be time to drop full coverage.

There are some situations where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Informed Decisions Result in Lower Insurance Rates

Multiple criteria are part of the equation when you get a price on insurance. Some factors are common sense such as your driving history, but some are not as apparent like where you live or your commute time.

Shown below are some of the major factors used by companies to determine your premiums.

Auto insurance in Ohio serves several purposes

Despite the high cost of buying insurance for a Honda Ridgeline in Cleveland, buying auto insurance may be mandatory for several reasons.

First, most states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a loan on your Ridgeline, more than likely the lender will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Honda at a significantly higher premium and force you to pay for it.

Third, auto insurance preserves both your assets and your vehicle. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance more than cancel out the cost, especially if you ever need it. Today the average American driver is wasting up to $865 each year so compare rates every year to ensure rates are inline.

Best car insurance company in Ohio

Buying coverage from the highest-rated car insurance provider can be a challenge considering how many companies sell insurance in Ohio. The information in the lists below may help you select which insurers you want to consider when comparing rate quotes.

Cleveland, Ohio Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
Mercury Insurance 87 95 87 84% A+ 88.3
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies