A recent NerdWallet.com study revealed that a large majority of consumers have purchased from the same company for four years or more, and just short of a majority have never shopped around. Oklahoma City drivers can save hundreds of dollars each year just by shopping around, but most just don’t grasp how much money they would save if they switch to a new company.
To save the most money, the best way to find cheaper quotes for Honda Ridgeline insurance is to start comparing prices yearly from insurers who provide car insurance in Oklahoma City. Price quotes can be compared by following these guidelines.
- First, try to comprehend how your policy works and the factors you can control to lower rates. Many rating factors that cause high rates such as traffic violations and a lousy credit rating can be rectified by making lifestyle changes or driving safer. Continue reading for more details to help reduce premium rates and find hidden discounts.
- Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while agents who are independent can quote prices from multiple sources.
- Third, compare the new quotes to your current policy premium and determine if cheaper Ridgeline coverage is available. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
- Fourth, notify your current company of your intention to cancel your current policy and submit the completed application along with a down payment to your new insurance company. As soon as you can, safely store the proof of insurance paperwork somewhere easily accessible.
The most important part of shopping around is that you’ll want to make sure you compare the same amount of coverage on each quote and and to get price quotes from all possible companies. Doing this helps ensure a fair rate comparison and a better comparison of the market.
Shopping for the best-priced policy in Oklahoma City is not as time-consuming as you think. If you already have coverage or need a new policy, you can follow these tips to lower your rates without reducing protection. Shoppers just need to know the most time-saving way to compare different rates from many companies at once.
The most recommended method to compare insurance rates in your area is to understand all the major auto insurance companies participate in a system to compare their rates. To begin a comparison, all you need to do is give them rating details including marital status, how old drivers are, what you do for a living, and your credit rating estimate. The rating information is then sent to many of the top insurers and they return quotes very quickly.
To check Honda Ridgeline insurance prices now, click here and find out if you can get cheaper insurance in Oklahoma City.
The companies in the list below provide price comparisons in Oklahoma City, OK. If more than one company is shown, it’s a good idea that you visit two to three different companies to get the best price comparison.
Oklahoma City car insurance discounts
Some providers don’t always list every discount in an easy-to-find place, so we break down some of the more common and also the lesser-known credits available to you.
- Service Members Pay Less – Being deployed with a military unit could trigger a small discount.
- Auto/Home Discount – When you combine your auto and homeowners insurance with one company you may save at least 10 to 15 percent or more.
- Discount for Low Mileage – Low mileage vehicles can qualify you for discounted prices on garaged vehicles.
- Defensive Driving Course – Taking a course teaching driver safety skills can save you 5% or more and easily pay for the cost of the class.
- Own a Home – Being a homeowner may earn you a small savings because owning a home demonstrates responsibility.
- Accident-Free Discounts – Claim-free drivers pay much less when compared with policyholders that have many claims.
You can save money using discounts, but most discounts do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any amount of discount will cut your policy premiums.
The example below shows the comparison of Honda Ridgeline insurance premiums with and without discounts applied to the rates. The costs are based on a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, homeowner, marriage, and multi-policy discounts applied.
Some companies that may have many of the previously listed discounts possibly include:
Double check with every company what discounts are available to you. Some of the discounts discussed earlier might not apply everywhere. To see insurers that provide some of the discounts listed above in Oklahoma City, click here.
Honda Ridgeline coverage analysis
The coverage information shown next showcases estimates of insurance premium costs for Honda Ridgeline models. Learning how insurance prices are figured can help customers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ridgeline RT 4WD | $332 | $660 | $658 | $38 | $198 | $1,886 | $157 |
| Ridgeline RTS 4WD | $376 | $660 | $658 | $38 | $198 | $1,930 | $161 |
| Ridgeline RTL 4WD | $376 | $778 | $658 | $38 | $198 | $2,048 | $171 |
| Ridgeline RTL W/Navigation 4WD | $376 | $778 | $658 | $38 | $198 | $2,048 | $171 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific location which can change coverage prices considerably.
The example below highlights how deductible choice and can change Honda Ridgeline insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Cost difference between full coverage and liability
The information below illustrates the difference between Honda Ridgeline auto insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on no violations or accidents, $500 deductibles, drivers are single, and no discounts are applied.
When to stop buying full coverage
There isn’t a steadfast formula to delete physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Honda Ridgeline replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after the policy deductible has been paid. If premiums are more than $600 annually to have full coverage, then you might want to consider buying only liability coverage.
There are some conditions where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.