Save Money on Honda Ridgeline Insurance in Albuquerque

Discount Honda Ridgeline insuranceIf you want to find the absolute lowest rates, then the best way to save money on car insurance rates is to compare prices at least once a year from different companies that insure vehicles in Albuquerque. You can compare rates by following these guidelines.

An important note is to make sure you enter the same coverage limits and deductibles on every quote and and to get rates from as many companies as feasibly possible. Doing this guarantees an apples-to-apples comparison and the best price quote selection.

It’s shocking but nearly 70% of drivers have purchased from the same company for more than four years, and nearly half have never shopped around. Albuquerque drivers can save hundreds of dollars each year by just comparing rate quotes, but most just don’t grasp the actual amount they would save if they swap their current policy for a cheaper one.

To find the best car insurance quotes, there are several ways to compare prices from local Albuquerque car insurance companies. The recommended way to find affordable Honda Ridgeline insurance rates consists of obtaining rate quotes online.

Getting price quotes online is very simple and it takes the place of having to drive around to insurance agencies in your area. The ability to get quotes online has made agencies unnecessary unless you have a need for the advice and guidance of an agent trained in personal lines coverage. Some companies do allow you to compare online quotes and get advice from an agent in your area. It’s important to know that comparing all the rates in your area increases your odds of finding a lower rate than you’re paying now. Not every company provides rate quotes online, so it’s important to also get rates from the smaller companies as well.

The car insurance companies shown below are our best choices to provide price quotes in Albuquerque, NM. If you want to find cheap car insurance in Albuquerque, it’s a good idea that you click on several of them to get a more complete price comparison.

Save with these discounts on Honda Ridgeline insurance in Albuquerque

Auto insurance companies do not advertise every discount in an easy-to-find place, so we took the time to find some of the more common and also the lesser-known discounts that may be available. If you are not receiving all the discounts available, it’s possible you qualify for a lower rate.Cheaper insurance with discounts

It’s important to understand that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce specific coverage prices like medical payments or collision. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

The example below visualizes the comparison of Honda Ridgeline yearly insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no claims, a clean driving record, New Mexico state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, safe-driver, multi-car, and multi-policy discounts applied.

To choose providers with the best discounts in New Mexico, click this link.

Insurance data for a Honda Ridgeline

The rate information below covers a range of coverage prices for Honda Ridgeline models. Having knowledge of how car insurance premiums are figured can be of help when making informed coverage decisions.

Honda Ridgeline Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $278 $500 $364 $22 $108 $1,272 $106
Ridgeline RTS 4WD $312 $500 $364 $22 $108 $1,306 $109
Ridgeline RTL 4WD $312 $590 $364 $22 $108 $1,396 $116
Ridgeline RTL W/Navigation 4WD $312 $590 $364 $22 $108 $1,396 $116
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can lower or raise prices considerably.

Analysis of deductible levels

One common question asked by Albuquerque drivers is how high should your deductibles be. The following insurance rates outline how much more rates are when you choose different policy deductibles. The first table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Honda Ridgeline insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $278 $500 $364 $22 $108 $1,297 $108
Ridgeline RTS 4WD $312 $500 $364 $22 $108 $1,331 $111
Ridgeline RTL 4WD $312 $590 $364 $22 $108 $1,421 $118
Ridgeline RTL W/Navigation 4WD $312 $590 $364 $22 $108 $1,421 $118
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 $154 $264 $364 $22 $108 $912 $76
Ridgeline RTS 4WD $174 $264 $364 $22 $108 $932 $78
Ridgeline RTL 4WD $174 $310 $364 $22 $108 $978 $82
Ridgeline RTL W/Navigation 4WD $174 $310 $364 $22 $108 $978 $82
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price information does not factor in specific location information which can influence insurance rates substantially.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $34 more each month or $408 every year than buying the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 26 months between claims, you would most likely save money if you decide on a higher deductible.

The illustration below demonstrates how deductibles and can impact Honda Ridgeline yearly insurance costs for each age group. The data assumes a married female driver, full physical damage coverage, and no other discounts are factored in.

Difference between liability only and full coverage rates

The example below compares Honda Ridgeline car insurance rates with and without physical damage coverage. The prices are based on no violations or accidents, $1,000 deductibles, single status, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no definitive guideline to stop buying physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Honda Ridgeline replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after paying your deductible. If you are paying in excess of $500 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Informed Consumers Can Lower Their Insurance Prices

Part of the insurance buying process is learning the factors that go into determining the price you pay for insurance. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that may result in much lower annual insurance costs. Many different elements are used when pricing auto insurance. Some of the criteria are obvious like your driving record, but others are less apparent such as your credit history or your financial responsibility.

Shown below are just a few of the factors used by companies to determine prices.

More traffic equals higher rates – Having an address in areas with lower population has it’s advantages when insuring your vehicles. Fewer drivers and short commutes means reduced accidents. Residents of big cities tend to have more aggressive driving styles and longer commute times. Spending more time driving can result in more accidents.

Save money by eliminating add-on coverages – There are a lot of optional add-on coverages that may not really be needed on your insurance policy. Coverages for rental car coverage, high-cost glass coverage, and extra equipment coverage could be just wasting money. These coverages may sound good when buying your policy, but if you’ve never needed them in the past think about removing them and cutting costs.

How credit history affects insurance rates – Credit history will be a significant factor in determining your rates. Drivers with high credit scores tend to be more responsible than those with lower credit ratings. Therefore, if your credit score can use some improvement, you could pay less to insure your Honda Ridgeline by repairing your credit.

Comp and collision deductibles are a factor – Your deductibles define how much you are required to spend if you file a covered claim. Insurance for physical damage, aka comp and collision, protects your car from damage. Some examples of claims that would be covered are a windshield broken by a bird, vandalism, and having a roll-over accident. The more expense you are required to pay out-of-pocket, the bigger discount you will receive.

Gals pay lower prices – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Females and males cause at-fault accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically get more serious tickets like DUI and reckless driving.

The diagram below compares Honda Ridgeline insurance costs for male and female drivers. The price estimates are based on no claims or driving violations, full coverage, $500 deductibles, drivers are single, and no other discounts are factored in.

Avoid tickets and save – Having a clean driving record has a huge affect on how much you pay. Even one driving citation may cause rates to rise forty percent or more. Drivers with clean records get better rates compared to drivers with tickets. Drivers who have gotten serious violations like DUI or willful reckless driving may be required to submit a SR-22 form to the state department of motor vehicles in order to keep their license.

The illustration below shows how traffic citations and fender-benders can influence Honda Ridgeline yearly insurance costs for each different age category. The information is based on a married female driver, full coverage, $500 deductibles, and no policy discounts are applied.

Pleasure use or commuting – The more you drive your Honda annually the more you’ll pay to insure your vehicle. A lot of insurance companies calculate rates determined by how the vehicle is used. Vehicles left parked in the garage get more affordable rates compared to those used for work or business. Make sure your insurance coverage properly reflects how each vehicle is driven. An incorrectly rated Ridgeline is just wasting money.

Lower performance equals lower insurance costs – The make and model of the car you are trying to find cheaper insurance for makes a big difference in your car insurance bill. Economy passenger models generally have the cheapest insurance rates, but other factors influence the final cost greatly.

The next chart uses these assumptions: single male driver age 40, full coverage with $100 deductibles, and no discounts or violations. It illustrates Honda Ridgeline insurance premiums compared to other models that have different performance risks.