Best Insurance for a Honda Ridgeline in Honolulu

Insurance rates Honda Ridgeline in HonoluluHow many times have you said it’s time to compare more competitive Honda Ridgeline insurance in Honolulu? Are you baffled by the crazy number of car insurance sources available to you? Lot’s of other drivers are too. Consumers have so many sources to choose from that it can easily turn into a chore to compare prices on Honda Ridgeline insurance. Honolulu is an excellent city in which to live, but pricey car insurance can make it hard for many residents to purchase enough protection.

Steps to finding lower priced Honda Ridgeline insurance in Honolulu

If you want to find the absolute lowest rates, then the best way to find better pricing on Honda Ridgeline insurance is to start comparing prices yearly from insurers that sell auto insurance in Honolulu. You can compare prices by following these guidelines.

  1. Try to learn about coverages and the steps you can take to prevent expensive coverage. Many policy risk factors that result in higher prices like distracted driving and an imperfect credit score can be amended by making minor changes in your lifestyle. Continue reading for more details to get cheaper rates and find discounts that you may qualify for.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while independent agents can provide prices from multiple companies.
  3. Compare the new quotes to your current policy to see if switching to a new carrier will save money. If you can save some money and make a switch, make sure there is no coverage gap between policies.

A good tip to remember is to use the same level of coverage on each quote and and to compare as many auto insurance providers as possible. This ensures an accurate price comparison and a thorough selection of prices.

Anyone knows that auto insurance companies want to keep you from shopping around. Consumers who shop around once a year are highly likely to buy a different policy because they stand a good chance of finding good coverage at a lower price. A recent survey revealed that drivers who compared rate quotes regularly saved approximately $3,450 over four years compared to policyholders who never shopped for cheaper rates.

If finding the lowest price on auto insurance is your ultimate target, knowing how to shop and compare coverages can save time and make the process easier.

Consumers need to shop coverage around every six months because car insurance rates change quite often. Despite the fact that you may have had the best premium rates on Honda Ridgeline insurance in Honolulu a couple years back other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because we’re going to show you the only way to remove unneeded coverages and save money.

If you have insurance now, you will most likely be able to cut your premiums using this strategy. Buying the lowest cost insurance coverage in Honolulu can be fairly easy. Nevertheless, Hawaii vehicle owners do need to understand the methods companies use to calculate their prices because it can help you find the best coverage.

When comparing car insurance rates, know that making a lot of price comparisons increases your odds of finding the best offered rates.

The providers in the list below offer price quotes in Honolulu, HI. If the list has multiple companies, we suggest you get rate quotes from several of them in order to find the lowest rates.

Insurance data for a Honda Ridgeline

The rate information displayed below outlines a range of coverage costs for Honda Ridgeline models. Learning as much as possible about how prices are figured can aid in making smart choices when comparing insurance quotes.

Honda Ridgeline Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $234 $344 $392 $24 $118 $1,112 $93
Ridgeline RTS 4WD $264 $344 $392 $24 $118 $1,142 $95
Ridgeline RTL 4WD $264 $406 $392 $24 $118 $1,204 $100
Ridgeline RTL W/Navigation 4WD $264 $406 $392 $24 $118 $1,204 $100
Get Your Own Custom Quote Go

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific Honolulu garaging location which can lower or raise prices noticeably.

Higher deductibles lower rates

When buying insurance, a common question is how high or low should comp and collision deductibles be. The rates below can help you understand how much more rates are between low and high comp and collision deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Honda Ridgeline insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $204 $344 $300 $18 $90 $981 $82
Ridgeline RTS 4WD $230 $344 $300 $18 $90 $1,007 $84
Ridgeline RTL 4WD $230 $406 $300 $18 $90 $1,069 $89
Ridgeline RTL W/Navigation 4WD $230 $406 $300 $18 $90 $1,069 $89
Get Your Own Custom Quote Go

Honda Ridgeline insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $126 $216 $300 $18 $90 $750 $63
Ridgeline RTS 4WD $142 $216 $300 $18 $90 $766 $64
Ridgeline RTL 4WD $142 $256 $300 $18 $90 $806 $67
Ridgeline RTL W/Navigation 4WD $142 $256 $300 $18 $90 $806 $67
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in vehicle location which can modify premiums significantly.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $21 more each month or $252 annually than buying the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 36 months between claim filings, you would most likely save money if you opt for a higher deductible. Here is how this decision is made.

Average monthly premium for $250 deductibles: $86
Average monthly premium for $1,000 deductibles (subtract): – $65
Monthly savings from raising deductible: $21
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One important issue to know is that higher deductibles means you will have to pay more when you have a comprehensive or collision claim. You will want to have enough money in the bank in order to pay more for the deductible.

How accidents and violations affect rates

The illustration below shows how speeding tickets and accident claims raise Honda Ridgeline insurance premiums for each different age category. The rates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

Do you need full coverage?

The chart below visualizes the comparison of Honda Ridgeline car insurance rates with liability coverage only compared to full coverage. The price estimates are based on no violations or claims, $250 deductibles, single marital status, and no discounts are applied to the premium.

When to stop paying for full coverage

There is no definitive rule that is best for determining when to drop physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Honda Ridgeline replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the deductible is paid. If you are paying in excess of $300 a year to have full coverage, then you may need to consider dropping full coverage.

There are a few cases where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not remove full coverage.

Why Informed Consumers Pay Less for Honda Ridgeline Insurance

Many different elements are part of the equation when premium rates are determined. Some of the criteria are obvious such as traffic violations, but other criteria are less apparent like your vehicle usage or how safe your car is. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that help calculate the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that may result in cheaper rates.

The list below includes a few of the “ingredients” used by your company to calculate your rates.

Can a thief steal your car? – Selecting a car model with anti-theft technology or alarm system can help lower your premiums. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms help track and prevent car theft.

Youthful drivers cost more – Older insureds are more cautious drivers, cause fewer claims and accidents, and usually have better credit. Drivers with little experience are known to be careless and easily distracted behind the wheel therefore auto insurance rates are much higher.

The next chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Use credit responsibly and save – Having a good credit score factor in calculating your premium rate. Therefore, if your credit is not that good, you may save money insuring your Honda Ridgeline if you improve your credit rating. Drivers who have very high credit ratings tend to be more responsible than drivers who have poor credit scores.

Allowing your auto insurance policy to lapse raises auto insurance rates – Going without insurance is a fast way to increase your rates. Not only will rates go up, failure to provide proof of insurance will get you fines or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Hawaii department of motor vehicles.

Reduce prices by driving vehicles with better crash test results – Cars with five star safety ratings are cheaper to insure. Vehicles engineered for safety result in less severe injuries and fewer injuries translates directly to fewer claims and cheaper rates on your policy. If your Honda earned at least four stars on you may be receiving a better rate.

Here’s why insurance is not optional

Even though it’s not necessarily cheap to insure a Honda in Honolulu, paying for insurance is required for several reasons.

First, the majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability in order to be legal. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your Ridgeline has a lienholder, most banks will make it a condition of the loan that you buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may buy a policy for your Honda for a lot more money and require you to reimburse them for the much more expensive policy.

Third, insurance protects both your assets and your Honda. It will also cover hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to repair the damage.

The benefits of buying enough insurance outweigh the cost, especially with large liability claims. But the average American driver is overpaying over $820 a year so shop around each time the policy renews to ensure rates are competitive.

Honolulu car insurance companies

Finding the best auto insurance provider can be rather challenging considering how many different companies there are to choose from in Honolulu. The company information listed below may help you decide which auto insurers you want to consider when comparing rate quotes.

Top 10 Honolulu Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Progressive
  5. Allstate
  6. American Family
  7. AAA Insurance
  8. Nationwide
  9. Liberty Mutual
  10. Farmers Insurance

Top 10 Honolulu Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. State Farm
  5. AAA Insurance
  6. Nationwide
  7. Safeco
  8. Esurance
  9. Allstate
  10. Liberty Mutual