How Much Does 2020 Honda Ridgeline Insurance Cost in 2024?

No car owner looks forward to buying car insurance, in particular when the cost is way too high.

Big companies like State Farm, Allstate, GEICO and Progressive continually bombard you with TV and radio ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

Lower rates by qualifying for discounts

Some insurers don’t always advertise the complete list of policy discounts in an easy-to-find place, so we researched a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy auto insurance online.

• Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Progressive and Allstate may permit one accident before your rates go up if your claims history is clear before the accident.
• Low Mileage – Driving less may enable drivers to earn cheaper prices.
• Student in College – Youth drivers living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
• Discount for Switching Early – Some auto insurance companies give discounts for switching policies early. Ten percent is about the average savings.
• Military Discounts – Having a family member in the military could be rewarded with lower rates.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only cut individual premiums such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, nobody gets a free ride.

A list of auto insurance companies and their possible discounts can be found below.

• Progressive may have discounts that include multi-policy, continuous coverage, good student, multi-vehicle, and homeowner.
• MetLife may offer discounts for good driver, good student, claim-free, accident-free, and defensive driver.
• Mercury Insurance includes discounts for anti-theft, type of vehicle, location of vehicle, good student, good driver, and accident-free.
• Nationwide offers premium reductions for Farm Bureau membership, multi-policy, business or organization, good student, easy pay, and anti-theft.
• GEICO offers discounts including five-year accident-free, federal employee, driver training, membership and employees, good student, military active duty, and anti-theft.
• AAA has discounts for multi-car, anti-theft, education and occupation, good student, and good driver.

When comparing rates, check with each insurance company how you can save money. Some discounts listed above may not apply to policies everywhere.

Why informed drivers pay less for Honda Ridgeline insurance

It’s important that you understand some of the things that are used to determine the price you pay for insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that can help you get lower premium levels. Lots of factors are used in the calculation when you get a price on insurance. Some factors are common sense like an MVR report, although some other factors are not quite as obvious such as your credit history or your vehicle rating.

• Save money by having good credit – Your credit history is a big factor in determining your rates. Drivers who have very high credit ratings tend to be better risks to insure as compared to drivers with lower credit ratings. Therefore, if your credit history can be improved, you may save money insuring your 2020 Honda Ridgeline by improving your rating.
• Insurance rates for married couples – Having a spouse can get you a discount when shopping for insurance. Marriage usually means you are more financially stable it has been statistically shown that being married results in fewer claims.
• Older drivers are lower risk – Older people have been proven to be more responsible, statistically cause fewer accidents and receive fewer citations. Teenage drivers are known to be less responsible behind the wheel therefore insurance rates are much higher.
• Keep claims to a minimum – Companies provide the lowest premiums to people who are not frequent claim filers. If you file claims often, you can expect either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of claims that you cannot pay yourself.
• How many coverages with the same company – Most larger companies will award a discount to customers that have more than one policy in the form of a multi-policy discount. If you currently are using one company, it’s always a smart idea to compare other insurance prices to help ensure you have the lowest rates.
• Drive fewer miles and save – The higher the miles on your Honda annually the higher the price you pay to insure it. The majority of insurers calculate prices partially by how you use the vehicle. Cars and trucks that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. A policy that improperly rates your Ridgeline can result in significantly higher rates. It’s a smart idea to ensure your insurance policy properly reflects annual mileage, because improper ratings can cost you money.
• Allowing your coverage to lapse raises rates – Driving without insurance coverage in place can get you a ticket and companies may charge more for letting your insurance lapse. Not only will you pay more, the inability to provide proof of insurance will get you a license revocation or jail time. You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
• Your vocation can affect prices – Occupational choices like military generals, social workers and dentists tend to have higher rates than the rest of us in part from stressful work requirements and incredibly demanding work hours. On the flip side, occupations such as professors, engineers and retirees pay the least on Ridgeline insurance.

Insurance is unique, just like you

When choosing the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your situation would benefit from an agent’s advice.

• Should I file a claim if it’s only slightly more than my deductible?
• I don’t drive much so do I pay less?
• Is there coverage for injuries to my pets?
• Can my babysitter drive my car?
• Is pleasure use cheaper than using my 2020 Honda Ridgeline to commute?
• Is my Honda Ridgeline covered if I use it for business?
• Why am I required to buy high-risk coverage?
• Are all vehicle passengers covered by medical payments coverage?
• Can I make deliveries for my home business?
• Does coverage extend to a rental car in a foreign country?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and enter your zip code.

Don’t believe everything you hear

Auto insurance companies such as Progressive, Allstate and GEICO continually stream ads in print and on television. All the companies try to convey promises that you can save if you switch your auto insurance policy to them. How can each company say the same thing? Here is how they do it.

Auto insurance companies provide the lowest rates for the type of driver that will not have excessive claims. An example of a driver they prefer might be over the age of 40, has never had a policy lapse, and drives less than 5,000 miles a year. A customer getting a price quote who matches that profile may get the lowest premium rates as well as save some money.

Insureds who don’t meet this stringent profile will have to pay a higher premium and this results in the customer buying from a different company. The trick companies use is to say “drivers who switch” not “all people who quote” save that much when switching. That’s why companies can make claims like that. Different companies use different criteria so you need to do a quote comparison often. Because you cannot predict which company will have the best prices.

Auto insurance coverages explained

Knowing the specifics of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on the average auto insurance policy.

Auto liability – This protects you from damage or injury you incur to a person or their property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like bail bonds, medical expenses, emergency aid, attorney fees and loss of income. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for immediate expenses for dental work, pain medications, nursing services and ambulance fees. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Comprehensive insurance – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from flooding, damage from a tornado or hurricane, damage from getting keyed and hitting a bird. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like damaging your car on a curb, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Saving money is sweet as honey

Low-cost 2020 Honda Ridgeline insurance is possible online and also from your neighborhood agents, and you should be comparing both to have the best rate selection. Some insurance companies do not offer online quoting and most of the time these regional carriers only sell coverage through independent insurance agents.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. The proper strategy is to purchase plenty of coverage at a price you can afford.