Affordable Anchorage Honda Ridgeline Insurance

Do you want to learn to get cheaper Honda Ridgeline insurance in Anchorage? Comparing and finding more affordable premium rates for Honda Ridgeline insurance in Anchorage could be very difficult for people new to online rate comparisons. There are so many options available that it can quickly become more work than you anticipated to find the lowest price on Honda Ridgeline insurance.

Insurance for Honda RidgelineSmart shoppers know that auto insurance companies don’t want policyholders to compare prices from other companies. Insureds who compare rates once a year are inclined to buy a new policy because of the high probability of finding a lower-priced policy. A recent car insurance study discovered that drivers who faithfully checked for cheaper rates saved approximately $3,500 over four years compared to people who never shopped around for lower prices.

If finding the best price on Honda Ridgeline insurance is your ultimate objective, then having some knowledge of the best ways to shop for coverage rates can help simplify the task of finding more affordable coverage.

Companies offering cheap Honda Ridgeline price quotes in Anchorage, AK

The providers in the list below can provide free quotes in Alaska. To locate the best auto insurance in Anchorage, it’s highly recommended you visit several of them to get the most competitive price.

Insurance coverage details

The data table displayed next outlines a range of insurance policy prices for Honda Ridgeline models. Learning how car insurance prices are figured is important to be able to make informed decisions.

Honda Ridgeline Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $228 $414 $314 $18 $94 $1,068 $89
Ridgeline RTS 4WD $256 $414 $314 $18 $94 $1,096 $91
Ridgeline RTL 4WD $256 $488 $314 $18 $94 $1,170 $98
Ridgeline RTL W/Navigation 4WD $256 $488 $314 $18 $94 $1,170 $98
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Anchorage which can change rates considerably.

Physical damage deductibles

One of the more difficult decisions when buying car insurance is which deductibles should you choose. The rates below approximate the costs and benefits of buying low and high comp and collision deductibles. The first data set uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Honda Ridgeline insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $234 $422 $308 $18 $92 $1,099 $92
Ridgeline RTS 4WD $264 $422 $308 $18 $92 $1,129 $94
Ridgeline RTL 4WD $264 $498 $308 $18 $92 $1,205 $100
Ridgeline RTL W/Navigation 4WD $264 $498 $308 $18 $92 $1,205 $100
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Honda Ridgeline insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $130 $222 $308 $18 $92 $770 $64
Ridgeline RTS 4WD $146 $222 $308 $18 $92 $786 $66
Ridgeline RTL 4WD $146 $262 $308 $18 $92 $826 $69
Ridgeline RTL W/Navigation 4WD $146 $262 $308 $18 $92 $826 $69
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific garaging location which can increase or decrease rates substantially.

Based on the data above, we can derive that using a $100 deductible costs an average of $30 more each month or $360 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 30 months between claims, you would come out ahead if you decide on a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): – $67
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

One big caveat is that increasing deductibles to save money means you will have to pay more of your own money when you have a physical damage claim. That will require some available funds in order to pay more for the deductible.

The information below shows how choosing a deductible and can raise or lower Honda Ridgeline insurance prices for each age group. The rates are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Cost difference between full coverage and liability

The information below illustrates the comparison of Honda Ridgeline insurance rates with full coverage compared to only the Alaska minimum liability coverage. The price estimates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are applied.

Should you be buying full coverage?

There is no set rule to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your Honda Ridgeline replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying your deductible. If you are currently paying more than $700 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some situations where dropping full coverage is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Car insurance policy discounts for Honda Ridgeline insurance in Anchorage

Car insurance is easily one of your largest bills, but there could be available discounts that you may not know about. Certain discounts will be applied when you get a quote, but some need to be asked for before you get the savings. If you aren’t receiving every discount possible, you’re paying more than you need to.

You can save money using discounts, but many deductions do not apply to the whole policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears you could get a free car insurance policy, it doesn’t quite work that way.

The diagram below illustrates the difference between Honda Ridgeline insurance premiums with and without policy discounts. The price estimates are based on a male driver, no violations or claims, Alaska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, claim-free, and marriage discounts applied.

For a list of car insurance companies who offer online Honda Ridgeline insurance quotes in Alaska, click here to view.

When to contact an insurance agency

A small number of people just prefer to sit down with an agent and that is a smart decision A nice benefit of comparing rate quotes online is the fact that you can find cheap rate quotes but still work with a licensed agent.

Upon completion of this quick form, the coverage information is sent to companies in Anchorage that can provide free Anchorage auto insurance quotes for your business. You won’t need to search for an agent since price quotes are sent immediately to you. You can find better rates and work with a local agent. If you want to get a price quote from a specific company, just navigate to their website and fill out the quote form the provide.

Choosing the best provider should include more criteria than just a low price. Any agent in Anchorage should have no problem answering these questions:

Multiple types of car insurance agents in Anchorage

If you are wanting to purchase insurance from a reputable agency, there are a couple of different agency structures and how they operate. Insurance policy providers are considered either independent or exclusive depending on the company they work for.

Exclusive Insurance Agencies

Agents that choose to be exclusive generally can only insure with one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to give you multiple price quotes so keep that in mind. Exclusive agents receive extensive training on sales techniques which helps them compete with independent agents. Consumers frequently purchase coverage from exclusives primarily because of the prominent brand name instead of buying on price only.

Listed below are exclusive insurance agents in Anchorage that are able to give rate quotes.

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Independent Insurance Agents

Agents of this type are not employed by one company so they can write business through lots of different companies and get you the best rates possible. To move your coverage to a new company, your agent can switch companies without you having to go to a different agency.

When comparing insurance rates, we highly recommend that you include price quotes from multiple independent agents in order to compare the most rates. Most have the option of insuring with companies that do not advertise much which could offer lower prices.

The following is a short list of independent agents in Anchorage willing to provide comparison quotes.

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The coverage is in the details

Learning about specific coverages of auto insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for pain medications, EMT expenses, ambulance fees, nursing services and hospital visits. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive insurance – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like theft, hitting a bird, hail damage, a broken windshield and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability – Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/25 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property.

Liability can pay for claims like emergency aid, attorney fees, bail bonds and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Alaska state minimum liability requirements are 50/100/25 but drivers should carry higher limits.

The illustration below shows why the minimum limit may not provide you with enough coverage.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with a tree, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Ridgeline to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Honda Ridgeline.

Because many people carry very low liability coverage limits (50/100/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Get the best coverage at the most affordable price

Cost effective Honda Ridgeline insurance can be sourced both online in addition to local insurance agencies, so you need to quote Anchorage auto insurance with both to have the best chance of lowering rates. Some car insurance companies may not provide online rate quotes and most of the time these smaller companies only sell through independent agencies.

Drivers leave their current company for many reasons like an unsatisfactory settlement offer, denial of a claim, not issuing a premium refund and high prices. It doesn’t matter why you want to switch finding a great new company is actually quite simple.

We covered a lot of tips how to save on Honda Ridgeline insurance in Anchorage. It’s most important to understand that the more companies you get auto insurance rates for, the higher the chance of saving money. You may even discover the lowest rates are with a small mutual company.

Steps to buying discount Honda Ridgeline insurance in Anchorage

If you want to save the most money, the best way to save money on Honda Ridgeline insurance in Anchorage is to make a habit of regularly comparing prices from different companies in Alaska.

  1. Try to understand how insurance works and the measures you can control to prevent high rates. Many factors that result in higher prices such as careless driving and a lousy credit rating can be controlled by paying attention to minor details.
  2. Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while independent agencies can provide rate quotes for many different companies.
  3. Compare the quotes to your existing rates and see if you can save money. If you can save money and make a switch, ensure coverage does not lapse between policies.

The critical component of shopping around is to use the same coverage limits and deductibles on each quote and and to get rates from as many auto insurance providers as possible. This provides a fair rate comparison and a better comparison of the market.

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