Cheapest Insurance for a Honda Ridgeline in Plano

  1. Home
  2. >
  3. Plano Auto Insurance
  4. >
  5. Honda Ridgeline

Want low-cost Honda Ridgeline insurance in Plano? Purchasing cheap Plano Honda Ridgeline insurance quotes on the internet might seem intimidating for people not familiar with comparing rates and buying auto insurance online. With a ridiculous number of online companies, how are people able to possibly compare all the different companies and get the best available price?

Steps to finding the cheapest rates for Honda Ridgeline insurance in Plano

It takes a little time, but the best way to save on Honda Ridgeline insurance is to do a yearly price comparison from different companies in Plano. Prices can be compared by following these guidelines.

  1. Spend a few minutes and learn about the different coverages in a policy and the modifications you can make to drop your rates. Many things that result in higher prices such as multiple speeding tickets and an imperfect credit history can be rectified by improving your driving habits or financial responsibility. Keep reading for information to find cheap rates and earn larger discounts.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while independent agents can quote rates from multiple sources.
  3. Compare the quotes to your existing rates and determine if cheaper Ridgeline coverage is available. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
  4. Give notification to your agent or company of your decision to cancel your current coverage. Submit the completed application along with a down payment to the new company. Be sure to safely store the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

An important bit of advice to remember is to use the same amount of coverage on every quote and and to get rates from as many companies as feasibly possible. This ensures a fair price comparison and maximum price selection.

Insurance for Honda RidgelineAstonishing but true, almost 70% of drivers kept their policy with the same company for more than four years, and roughly 40% of drivers have never even compared rates from other companies. Texas consumers can save hundreds of dollars each year just by comparing rates, but they don't know the rate savings if they switched.

The fastest way that we advise to compare policy rates for Honda Ridgeline insurance in Plano is to realize most insurance companies will pay a fee to give you rate quotes. To begin a comparison, all you need to do is give the companies some data like level of coverage desired, whether or not you need a SR-22, if you lease or own, and whether you have decent credit. The data gets sent immediately to many of the top insurers and you receive quotes very quickly.

To compare multiple company cheap Honda Ridgeline insurance rates now, click here and find out if lower rates are available in Plano.

The following companies have been selected to offer comparison quotes in Plano, TX. To find cheap auto insurance in Plano, it's highly recommended you click on several of them to find the cheapest auto insurance rates.

Three main reasons to buy insurance

Even though it's not necessarily cheap to insure a Honda in Plano, buying insurance is required in Texas but also provides important benefits.

  • Just about all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability coverage if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Honda Ridgeline has a loan, it's guaranteed your bank will have a requirement that you buy insurance to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may insure your Honda at a much higher rate and force you to reimburse them the higher price.
  • Insurance protects both your assets and your Honda Ridgeline. It will also cover all forms of medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you have damage to your Honda as the result of the weather or an accident, your policy will cover the repair costs.

The benefits of carrying enough insurance are without a doubt worth the cost, especially with large liability claims. Despite what companies tell you, the average driver is currently overpaying as much as $869 every year so compare rate quotes at every policy renewal to save money.

Insurance statistics for a Honda Ridgeline

The coverage table displayed below highlights detailed analysis of coverage costs for Honda Ridgeline models. Learning more about how car insurance prices are calculated can assist in making informed coverage decisions.

Honda Ridgeline Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $288 $570 $520 $30 $156 $1,564 $130
Ridgeline RTS 4WD $326 $570 $520 $30 $156 $1,602 $134
Ridgeline RTL 4WD $326 $672 $520 $30 $156 $1,704 $142
Ridgeline RTL W/Navigation 4WD $326 $672 $520 $30 $156 $1,704 $142
Get Your Own Custom Quote Go

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in Plano location which can decrease or increase premiums significantly.

Should you raise deductibles?

One frequently asked question is how high or low should comp and collision deductibles be. The following tables illustrate the premium difference when you choose different physical damage coverage deductibles. The first table uses a $250 deductible and the second price table uses a $1,000 deductible.

Honda Ridgeline insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $294 $496 $430 $26 $128 $1,399 $117
Ridgeline RTS 4WD $332 $496 $430 $26 $128 $1,437 $120
Ridgeline RTL 4WD $332 $584 $430 $26 $128 $1,525 $127
Ridgeline RTL W/Navigation 4WD $332 $584 $430 $26 $128 $1,525 $127
Get Your Own Custom Quote Go
Honda Ridgeline insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $182 $312 $430 $26 $128 $1,078 $90
Ridgeline RTS 4WD $206 $312 $430 $26 $128 $1,102 $92
Ridgeline RTL 4WD $206 $368 $430 $26 $128 $1,158 $97
Ridgeline RTL W/Navigation 4WD $206 $368 $430 $26 $128 $1,158 $97
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in specific location which can impact coverage rates greatly.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $29 more each month or $348 for a full year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 26 months between claims, you would save money if you choose a higher deductible. The illustration below shows a better example of how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $123
Average monthly premium for $1,000 deductibles (subtract): - $94
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One important issue to know is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you do file a claim. You will want to have some funds available in the event you need to pay the deductible.

Gender-based insurance rates by age in Plano

The information below visualizes the comparison of Honda Ridgeline insurance rates for male and female drivers. The information is based on no violations or claims, full physical damage coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Cost difference between full coverage and liability

The example below visualizes the comparison of Honda Ridgeline premium costs with full coverage and liability only. The data is based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are applied.

Are you wasting money paying for full coverage?

There is no set rule that is best for determining when to drop full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's say your Honda Ridgeline replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after paying your policy deductible. If premiums are more than $600 a year to have full coverage, then you might want to think about dropping full coverage.

There are a few situations where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

Car insurance policy discounts you can't miss

Car insurance is not inexpensive, but you might find some hidden discounts that many people don't even know exist. Some of these discounts will be visible when you complete an application, but once in a while a discount must be inquired about before you get the savings.Cheaper car insurance with discounts

  • Distant Student Discount - Kids who are attending college and don't have a car may be able to be covered for less.
  • No Claim Discounts - Good drivers with no accidents get the best car insurance rates in comparison with drivers who are more careless.
  • Onboard Data Collection - Insureds that choose to allow companies to monitor vehicle usage by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they exhibit good driving behavior.
  • Active Military Service - Being deployed with a military unit may qualify for rate reductions.
  • ABS Braking Discount - Anti-lock brake equipped vehicles can avoid accidents so you can save 10 percent or more.

Discounts lower rates, but most discount credits are not given to the whole policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, that's just not realistic. Any amount of discount should definitely cut your car insurance premiums.

The illustration below visualizes the comparison of Honda Ridgeline auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, safe-driver, claim-free, and homeowner discounts applied.

For a list of insurers who offer online Honda Ridgeline insurance quotes in Plano, click here to view.