Are you searching for more affordable auto insurance rates in Indianapolis, IN? Indianapolis consumers have options when looking for the lowest priced Honda Ridgeline insurance. They can either spend hours struggling with agents getting price quotes or leverage the internet to make rate comparisons. There are both good and bad ways to compare auto insurance rates so you’re going to learn the best way to price shop coverage for a new or used Honda and get the lowest price either online or from Indianapolis insurance agents.
Shockingly, nearly 70% of Indiana drivers kept their policy with the same company for at least the last four years, and approximately 40% of consumers have never even compared quotes to find lower-cost rates. American drivers could save as much as $850 each year, but most tend to underestimate the amount of savings they would get if they switched to a more affordable policy.
It’s important to compare premium rates occasionally since insurance prices change regularly. If you had the best price on Honda Ridgeline insurance in Indianapolis last year a different company probably has better rate quotes today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the best methods to get good coverage on Honda Ridgeline insurance in Indianapolis at a lower rate.
The companies shown below can provide free rate quotes in Indianapolis, IN. If the list has multiple companies, we recommend you get prices from several of them to find the lowest auto insurance rates.
Rates and information analytics
The premium information displayed next outlines estimates of coverage prices for Honda Ridgeline models. Learning how insurance premiums are established can help you make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ridgeline RT 4WD||$116||$226||$358||$22||$108||$830||$69|
|Ridgeline RTS 4WD||$130||$226||$358||$22||$108||$844||$70|
|Ridgeline RTL 4WD||$130||$266||$358||$22||$108||$884||$74|
|Ridgeline RTL W/Navigation 4WD||$130||$266||$358||$22||$108||$884||$74|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in garaging location in Indianapolis which can lower or raise price quotes noticeably.
Impact of violations and accidents on rates in Indianapolis
The chart below illustrates how traffic citations and at-fault claims drive up Honda Ridgeline insurance prices for different age categories. The prices are based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Comparison of insurance rates by age and gender
The chart below illustrates the comparison of Honda Ridgeline insurance rates for male and female drivers. The price estimates are based on no accidents or driving violations, full coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.
Honda Ridgeline liability-only versus full coverage
The diagram below visualizes the comparison of Honda Ridgeline insurance prices with and without full coverage. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied to the premium.
Deciding between full coverage and liability only
There is no set guideline of when to stop paying for physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s pretend your Honda Ridgeline claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after you pay the deductible. If you are paying in excess of $300 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are a few situations where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not opt for liability only.
Three main reasons to buy insurance
Even though it can be expensive, maintaining insurance is mandatory in Indiana but it also protects more than you think.
- Just about all states have mandatory insurance requirements which means you are required to buy specific limits of liability coverage in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Honda, it’s most likely the lender will stipulate that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank may insure your Honda at a much higher rate and make you pay the higher premium.
- Insurance safeguards not only your Honda but also your financial assets. Insurance will pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of your driving. If your Honda gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car definitely exceed the price paid, especially with large liability claims. On average, a vehicle owner in Indianapolis is overpaying over $750 every year so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.
Affordable Honda Ridgeline insurance in Indianapolis
Some insurers do not advertise all discounts in an easy-to-find place, so we researched some of the more common and the harder-to-find credits available to lower your premiums when you buy Indianapolis car insurance online.
- Telematics Devices – Indianapolis drivers who agree to allow driving data submission to monitor driving manner by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if their driving habits are good.
- Responsible Drivers – Insureds without accidents may receive a discount up to 45% as compared to drivers with claims.
- Multi-car Discount – Having all your vehicles on the same insurance policy can get a discount for every vehicle.
- Early Payment Discounts – If you can afford to pay the entire bill as opposed to paying monthly you may have a lower total premium amount.
- Sign Early and Save – A few insurance companies allow discounts for renewing your policy before your current coverage expires. This can save 10% or more.
Please keep in mind that most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, companies don’t profit that way.
The information below visualizes the comparison of Honda Ridgeline auto insurance costs with and without discounts. The premiums assume a female driver, no claims or driving citations, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, marriage, claim-free, and multi-policy discounts applied.
Companies who may offer some of the above discounts possibly include:
Before buying, ask all the companies which discounts they offer. All car insurance discounts might not apply in Indianapolis. To find providers that offer the discounts shown above in Indiana, follow this link.
Can’t I compare prices from local Indianapolis insurance agents?
A small number of people would prefer to get advice from a local agent and that is recommended in a lot of cases Good agents are very good at helping people manage risk and give you someone to call. An additional benefit of comparing auto insurance online is you can get cheaper car insurance rates and still have a local agent.
For easy comparison, once you complete this simple form, your insurance data is sent to companies in Indianapolis who will give you quotes to get your business. It’s much easier because you don’t need to even leave your home since price quotes are sent to the email address you provide. If you need to get a price quote from a specific insurance company, don’t hesitate to go to their quote page and submit a quote form there.
Selecting an company shouldn’t rely on just the premium amount. These are some valid questions you should ask.
- Do they carry Errors and Omissions coverage?
- How many years of experience in personal auto insurance do they have?
- What is their Better Business Bureau rating?
- If they are an independent agency in Indianapolis, which companies do they recommend?
- Are they involved in claim handling?
- What are the financial ratings for the companies they represent?
- Does the agent have professional designations like CIC, CPCU or AIC?
Compare rates from both independent and exclusive car insurance agents
If you need to find local Indianapolis agents, it’s helpful to know the different types of agents to choose from. Auto insurance agencies can be categorized as either independent or exclusive depending on the company they work for. Either type can insure your vehicles, but it’s good to learn the difference in how they write coverage because it may have an impact on the kind of agent you use.
Exclusive Auto Insurance Agents
Agents of this type are contracted to one company and examples are Allstate, State Farm and Farm Bureau. They usually cannot provide rate quotes from other companies so you need to shop around if the rates are high. They receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums. Consumers often choose to use a exclusive agent mainly due to the prominent brand name rather than having the cheapest rates.
Shown below are Indianapolis exclusive insurance agencies willing to provide rate quotes.
- Haleh Krauter – State Farm Insurance Agent
11204 Fall Creek Rd – Indianapolis, IN 46256 – (317) 849-9996 – View Map
- State Farm: David R Johnson
4770 S Emerson Ave #J, Indianapolis 46203 – 4770 S Emerson Ave #J, IN 46203 – (317) 782-8858 – View Map
- State Farm: Amy Henry
7035 E 96th St Suite S-2 – Indianapolis, IN 46250 – (317) 897-1900 – View Map
Independent Agents (or Brokers)
Agents that elect to be independent are appointed with more than one company so as a result can place your coverage with any number of different companies and potentially find a lower price. If they quote lower rates, your agent can switch companies and you don’t have to find a new agent. If you are comparing rate quotes, you absolutely need to contact a couple of independent agencies so that you can do a thorough price comparison. A lot of them also have access to mutual insurance companies which can save you money.
The following are Indianapolis independent insurance agencies who can help you get rate quotes.
- Access Auto Insurance
2107 W Washington St – Indianapolis, IN 46222 – (317) 687-8807 – View Map
- Owens Insurance Agency
N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 – View Map
- Walker and Associates Insurance Agency
7364 E Washington St – Indianapolis, IN 46219 – (317) 353-8000 – View Map
If you feel you receive answers to your satisfaction for all questions you ask as well as a price you’re happy with, most likely you have located an insurance agency that can properly service your auto insurance policy.
Insurance coverage basics
Having a good grasp of insurance aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring.
Uninsured and underinsured coverage
This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Honda Ridgeline.
Since many Indiana drivers only purchase the least amount of liability that is required (25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Liability auto insurance
Liability insurance protects you from damage or injury you incur to other’s property or people. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property.
Liability insurance covers things like medical services, court costs, bail bonds, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but you should consider buying more coverage.
The illustration below demonstrates why the minimum limit may not be high enough to adequately cover claims.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as dental work, prosthetic devices, chiropractic care and funeral costs. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
This pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as hitting a deer, a tree branch falling on your vehicle and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a building, damaging your car on a curb, hitting a parking meter, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your Ridgeline to save money on collision insurance.
When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced liability coverage limits only to discover later that it was a big error on their part. Your goal should be to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.
We just covered a lot of techniques to lower your Honda Ridgeline insurance premium rates in Indianapolis. The key concept to understand is the more price quotes you have, the higher your chance of finding affordable Honda Ridgeline insurance quotes. You may even discover the best price on car insurance is with some of the smallest insurance companies.
People who switch companies do it for a number of reasons such as being labeled a high risk driver, an unsatisfactory settlement offer, policy cancellation or delays in responding to claim requests. Regardless of your reason, finding a new company can be pretty painless.
Steps to finding cheaper quotes for Honda Ridgeline insurance in Indianapolis
It takes a few minutes, but the best way to get more affordable Honda Ridgeline insurance in Indianapolis is to start comparing rates regularly from insurance carriers in Indiana. This can be done by following these steps.
- Gain an understanding of how auto insurance works and the modifications you can make to keep rates in check. Many rating criteria that increase rates like speeding tickets, careless driving and a less-than-favorable credit history can be improved by making lifestyle changes or driving safer.
- Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can give you price quotes from multiple companies. Get quotes now
- Compare the price quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate and change companies, make sure coverage does not lapse between policies.
- Provide written notification to your current company of your decision to cancel your existing policy and submit payment and a completed application to the new company. As soon as you receive it, put the certificate verifying coverage along with your vehicle registration.
One key aspect of rate comparisons is to make sure you enter similar limits and deductibles on each quote and and to get rates from every company you can. This helps ensure a fair rate comparison and many rates to choose from.
To learn more, feel free to visit these articles:
- Auto Crash Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for a Nissan Sentra in Indianapolis? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- Prepare your Teens for Safe Driving (InsureUonline.org)