Auto Insurance Rates for a Honda Ridgeline in Toledo

A recent car insurance study discovered that the vast majority of consumers in Ohio renewed their policy with the same company for well over three years, and almost half have never quoted rates to find cheaper coverage. American consumers could save as much as 46.5% a year just by comparing rates, but they just don’t understand the amount of savings they would get if they changed companies.

The best way we recommend to get discount car insurance rates is to regularly compare quotes from providers who provide car insurance in Toledo.

First, learn about how companies price auto insurance and the changes you can make to prevent expensive coverage. Many rating criteria that cause high rates such as multiple speeding tickets and a poor credit score can be improved by making minor changes to your lifestyle. Later in this article we will cover tips to prevent high rates and find overlooked discounts.

Second, compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for many different companies. View insurance agents

Third, compare the quotes to your existing coverage and see if you can save money. If you find a lower rate, make sure there is no lapse in coverage.

Fourth, notify your agent or company of your decision to cancel the current policy and submit a signed application and payment to the newly selected company. When you receive it, store the proof of insurance certificate in an accessible location in your vehicle.

An essential thing to point out is that you’ll want to make sure you compare similar limits and deductibles on every price quote and and to get prices from every insurance company. Doing this provides a fair rate comparison and a thorough price selection.

Our objective in writing this article is to teach you a little about how insurance works and also pocket some savings If you are paying for car insurance now, you will definitely be able to reduce the price you pay using the techniques covered below. Although Ohio consumers can benefit from knowing how insurance companies determine what you pay.

Low cost Toledo Honda Ridgeline insurance quotes online

When comparing car insurance rates, know that obtaining a wide range of quotes increases the chance that you will find the best offered rates. Some regional insurers cannot provide Toledo Ridgeline insurance quotes over the internet, so it’s important to compare quotes on coverage from those companies, too.

The companies in the list below offer free rate quotes in Ohio. To locate cheap car insurance in Toledo, we suggest you compare several of them to get the most affordable price.

Companies offer many types of discounts on Honda Ridgeline insurance in Toledo

Auto insurance is not inexpensive, but you can get discounts that can drop the cost substantially. Some discounts apply automatically at the time of quoting, but some may not be applied and must be asked for prior to receiving the credit. If you’re not getting every credit possible, you could be paying more than you need to.

• Seat Belt Usage – Forcing all vehicle occupants to wear their seat belts can save a little on the medical payments or PIP coverage costs.
• New Car Discount – Buying a new car instead of a used Ridgeline can save up to 30% since newer vehicles have better safety ratings.
• Onboard Data Collection – Drivers who elect to allow data collection to study their driving habits through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they are good drivers.
• Lower Rates for Military – Having a family member in the military may lower your prices slightly.
• Multi-policy Discount – When you combine your homeowners and auto insurance and insure them with the same company they may give you a discount of approximately 10% to 15%.
• Multi-line Discount – Auto insurance companies who offer life insurance give a discounted auto insurance rate on car insurance if you buy a life insurance policy as well.

Discounts lower rates, but most credits do not apply to the entire policy premium. Most only cut specific coverage prices like physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, auto insurance companies aren’t that generous.

The illustration below shows the comparison of Honda Ridgeline auto insurance rates with and without discounts applied to the premium. The rates are based on a male driver, no claims or driving citations, Ohio state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, homeowner, and multi-car discounts applied.

The best auto insurance companies and their offered discounts include:

• Progressive policyholders can earn discounts including multi-vehicle, online quote discount, continuous coverage, homeowner, and multi-policy.
• Farmers Insurance offers premium reductions for multi-car, business and professional, teen driver, youthful driver, mature driver, and bundle discounts.
• Farm Bureau offers discounts for safe driver, good student, driver training, youthful driver, multi-policy, multi-vehicle, and renewal discount.
• State Farm may offer discounts for multiple autos, accident-free, Drive Safe & Save, student away at school, good driver, and driver’s education.
• GEICO may have discounts that include driver training, membership and employees, daytime running lights, anti-theft, and air bags.
• SAFECO includes discounts for anti-lock brakes, teen safe driver, homeowner, anti-theft, and bundle discounts.
• Liberty Mutual offers discounts including newly retired, newly married, safety features, good student, hybrid vehicle, exclusive group savings, and preferred payment discount.

Double check with every company the best way to save money. Some discounts listed above might not apply in your area. If you would like to view insurance companies who offer free Honda Ridgeline insurance quotes in Ohio, follow this link.

Analysis of coverages

The price information below showcases estimates of insurance premium costs for Honda Ridgeline models. Learning more about how rate quotes are established is important to be able to make decisions on which coverage to buy.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate information does not factor in specific zip code location which can impact prices greatly.

Can higher deductibles save money?

The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The rates below can help illustrate the rate differences of buying low and high coverage deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Table data does not factor in your specific Toledo location which can modify auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $18 more each month or $216 each year averaged for all Ridgeline models than selecting the higher $1,000 deductible. Since you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 42 months between claims, you would save money by selecting a higher deductible. The table below shows how you can do this calculation yourself.

The diagram below illustrates how choosing a deductible and can impact Honda Ridgeline insurance rates for each different age category. The prices are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Annual premiums comparing men and women

The information below illustrates the difference between Honda Ridgeline insurance premiums for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

Should you buy full coverage?

The illustration below illustrates the difference between Honda Ridgeline yearly insurance costs with and without full coverage. The data is based on no violations or accidents, $500 deductibles, drivers are not married, and no policy discounts are applied.

When to buy liability coverage only

There is no set guideline of when to eliminate physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s pretend your Honda Ridgeline book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $6,000 after paying your policy deductible. If you are paying more than $600 annually for your policy with full coverage, then it could be time to drop full coverage.

There are a few situations where buying only liability insurance is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

Get Cheap Insurance Prices by Understanding These Factors

Smart consumers have a good feel for some of the factors that go into determining insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that could help you find better insurance rates. Many factors are part of the equation when you get a price on insurance. Some are pretty understandable like an MVR report, although others are more transparent such as your marital status and annual miles driven.

Listed below are some of the items used by companies to determine your premiums.

• Theft deterrents save – Selecting a car model with a theft deterrent system can help lower your premiums. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all hinder car theft and help bring rates down.
• Use one insurance company and save – Some insurers afford a discount to clients who carry more than one policy in the form of a multi-policy discount. The discount can be 10 percent or more. Even with this discount applied, it’s still a good idea to comparison shop to confirm you are receiving the best rates possible. It’s possible to still find a better deal by buying insurance from more than one company.
• Prices and your address – Having an address in small towns and rural areas can be a good thing if you are looking for the lowest rates. Lower population means a lower chance of having an accident. Drivers who live in large Ohio cities have to deal with traffic congestion and longer commutes to work. More time behind the wheel statistically corresponds to a higher accident and claim rate.
• High comp and collision deductibles cost less – The deductibles you choose represent how much money the insured will be required to pay before your insurance pays a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of covered claims would be colliding with a stationary object, fire damage, and having a roll-over accident. The more money the insured is willing to pay, the less your company will charge you for insurance.
• Gaps in coverage mean higher prices – Allowing your insurance policy to lapse can be a quick way to trigger a rate increase. Not only will rates go up, getting caught without coverage will get you fines or a revoked license. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the Ohio motor vehicle department to get your license reinstated.
• No claims equals better insurance rates – Insurance companies in Ohio generally give discounts to policyholders who are not frequent claim filers. If you frequently file small claims, you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Insurance agent or online?

Some people still prefer to go talk to an agent and doing so can bring peace of mind One of the great benefits of comparing rates online is that you can obtain the best rates and still choose a local agent. Buying insurance from neighborhood agents is important especially in Toledo.

To make it easy to find an agent, after completing this short form, your information is immediately sent to local insurance agents who will give you bids for your coverage. You don’t have to find an agent on your own since rate quotes are delivered to you instantly. You can find better rates without the usual hassles of price shopping. If you have a need to quote rates for a specific company, don’t hesitate to navigate to their website and submit a quote form there.

If you are wanting to purchase auto insurance from a local Toledo insurance agent, you must know there are a couple different agency structures that you can choose from. Toledo agents are considered either exclusive or independent agents depending on their company appointments.

Independent Auto Insurance Agents

These type of agents are not limited to a single company so they can insure your vehicles with an assortment of companies and help determine which has the cheapest rates. If they find a lower price, the business is moved internally and the insured can keep the same agent.

When searching for an agent, you will want to compare prices from a couple of independent agencies to have the most options to choose from.

Shown below is a list of independent agencies in Toledo that may be able to provide cheap rate quotes.

View more agents

Exclusive Agencies

Agents of this type generally can only insure with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot compare other company’s rates so they are skilled at selling on more than just price. Exclusive agents are trained well on their products and sales techniques which helps overcome the inability to quote other rates.

Shown below is a short list of exclusive agencies in Toledo that can give you price quotes.

View more agents

Selecting a insurance agent shouldn’t rely on just the premium amount. These are valid questions to ask:

• Do the coverages you’re quoting properly cover your vehicle?
• Are they giving you every discount you deserve?
• Will they give you a referral list?
• Did they already check your driving record and credit reports?
• Are they involved in claim handling?
• Do they regularly work with personal auto policies in Toledo?

After you get acceptable answers to your questions as well as a price you’re happy with, chances are good that you have found an auto insurance agent that is reliable enough to service your policy.

Situations that may require an agent’s advice

Always keep in mind that when comparing proper insurance coverage for your vehicles, there really is no cookie cutter policy. Each situation is unique.

These are some specific questions may help you determine if your insurance needs would benefit from professional advice.

• Is my custom paint covered by insurance?
• When should I have rental car coverage?
• Is rental equipment covered for theft or damage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• How much liability coverage do I need in Ohio?
• What is the rate difference between pleasure use and commuting?
• Which companies will insure high-risk drivers?
• Am I insured when driving a different vehicle?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Toledo car insurance companies ranked

Choosing the highest-rated auto insurance provider can be challenging considering how many different insurance companies sell coverage in Ohio. The ranking data in the next section could help you analyze which coverage providers you want to consider purchasing a policy from.

Top 10 Toledo Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Progressive – A+
7. Erie Insurance – A+
8. The Hartford – A+
9. Nationwide – A+
10. Esurance – A+

In conclusion

Cheaper Honda Ridgeline insurance in Toledo can be found online as well as from independent agents in Toledo, so you need to quote Toledo auto insurance with both to get a complete price analysis. There are still a few companies who may not provide price quotes online and most of the time these smaller providers only sell through independent agents.

When shopping online for car insurance, never sacrifice coverage to reduce premiums. There have been many situations where someone dropped uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find for the lowest cost, but don’t skip important coverages to save money.

Throughout this article, we presented a lot of ways to save on Honda Ridgeline insurance in Toledo. The key thing to remember is the more you quote Toledo auto insurance, the better chance you’ll have of finding inexpensive Toledo auto insurance quotes. Consumers could even find that the best premium rates are with an unexpected company.

For more information, take a look at the following helpful articles:

• Child Safety Seats (Insurance Information Institute)
• Who Has Affordable Car Insurance Quotes for a Toyota Corolla in Toledo? (FAQ)
• Who Has Cheap Car Insurance Quotes for Safe Drivers in Toledo? (FAQ)
• How Much is Toledo Car Insurance with Multiple Speeding Tickets? (FAQ)
• Insurance losses by make and model (Insurance Institute for Highway Safety)
• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)