Want to know how to find cheaper Honda Ridgeline insurance in Madison? Purchasing the most affordable Madison Honda Ridgeline insurance quotes is difficult for beginners to online price comparisons. With more and more companies competing online, how are we expected to even start to compare the different rates to find the lowest rates?
Steps to saving money on Honda Ridgeline insurance in Madison
To save the most money, the best way to find low-cost prices for car insurance rates in Madison is to annually compare prices from insurers that insure vehicles in Wisconsin.
First, gain an understanding of individual coverages and the changes you can make to keep rates low. Many policy risk factors that are responsible for high rates like multiple speeding tickets and an unacceptable credit score can be rectified by being financially responsible and driving safely. Continue reading for additional tips to find cheap prices and get additional discounts.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive and State Farm, while independent agencies can quote prices from many different companies.
Third, compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
The critical component of shopping around is that you’ll want to compare the same liability limits and deductibles on each quote request and and to get quotes from as many companies as you can. This guarantees an accurate price comparison and the best price quote selection.
Anyone knows that insurance companies don’t want you to look for a cheaper policy. Consumers who shop around for better prices are inclined to buy a different policy because of the good chance of finding a more affordable policy. A study discovered that people who compared prices regularly saved an average of $3,400 over four years compared to policyholders who never shopped around for better prices.
If finding the best price on Honda Ridgeline insurance is your objective, then having a good understanding how to get free comparison quotes and analyze car insurance can make shopping around easier.
Best companies for Honda Ridgeline insurance
The providers in the list below are our best choices to provide quotes in Wisconsin. If multiple companies are listed, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
Insurance coverage details
The price information shown below highlights a range of prices for Honda Ridgeline models. Having knowledge of how auto insurance premiums are formulated can help guide drivers when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ridgeline RT 4WD | $180 | $328 | $268 | $16 | $80 | $872 | $73 |
| Ridgeline RTS 4WD | $204 | $328 | $268 | $16 | $80 | $896 | $75 |
| Ridgeline RTL 4WD | $204 | $388 | $268 | $16 | $80 | $956 | $80 |
| Ridgeline RTL W/Navigation 4WD | $204 | $388 | $268 | $16 | $80 | $956 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in specific Madison garaging location which can revise prices greatly.
The example below illustrates how choosing a deductible and can impact Honda Ridgeline insurance premiums for each age group. The information is based on a single female driver, full coverage, and no discounts are factored in.
Illustration showing the impact of accidents and violations
The illustration below highlights how speeding tickets and at-fault collisions can influence Honda Ridgeline yearly insurance costs for different insured age categories. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
Liability only or full coverage
The information below visualizes the comparison of Honda Ridgeline auto insurance costs with liability coverage only compared to full coverage. The price estimates are based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
When to buy liability coverage only
There is no clear-cut formula for eliminating comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s say your Honda Ridgeline claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after paying your policy deductible. If it’s costing in excess of $200 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some circumstances where dropping full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Companies offer lots of discounts on Honda Ridgeline insurance in Madison
Insurance is easily one of your largest bills, but companies offer discounts to help offset the cost. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be asked about before they will apply.
- Resident Student – Children who live away from home to go to college and do not take a car to college can receive lower rates.
- Waiver for an Accident – This one isn’t a discount, but companies like State Farm and Allstate will forgive one accident without getting socked with a rate hike so long as you haven’t had any claims for a certain period of time.
- Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving can save 10% or more on the premium charged for medical payments and/or PIP.
- Data Collection Discounts – Insureds that choose to allow companies to track their driving habits remotely such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they are good drivers.
- Active Military Service – Having an actively deployed family member could trigger a small discount.
- Own a Home and Save – Being a homeowner may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
- Low Mileage – Keeping the miles down on your Honda could qualify for discounted insurance rates on garaged vehicles.
- Renewal Discounts – Some insurance companies provide a discount for switching companies prior to your current Ridgeline insurance policy expiring. You may see this discount when you get Madison car insurance quotes online.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to your bottom line cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you can get free auto insurance, companies wouldn’t make money that way. But any discount will definitely lower your overall premium however.
The example below compares Honda Ridgeline insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no tickets, no at-fault accidents, Wisconsin 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 claim-free, multi-policy, multi-car, safe-driver, marriage, and homeowner discounts applied.
A few companies that may offer quotes with these money-saving discounts include:
Check with each insurance company which discounts you qualify for. Depending on the company, some discounts may not be offered everywhere. If you would like to view insurers with the best discounts in Wisconsin, click here.
You may want advice from a local insurance agent
Some people just want to get professional advice from a licensed agent and that is a smart decision An additional benefit of getting online price quotes is you may find the lowest rates and still have an agent to talk to. Buying from and supporting small agencies is still important in Madison.
After completing this short form, your insurance data is sent to insurance agents in Madison who will give competitive quotes to get your business. You never need to do any legwork due to the fact that quote results will go instantly to you. You can most likely find cheaper rates AND a local agent. In the event you want to compare rates for a specific company, don’t hesitate to visit that company’s website and fill out their quote form.
Two types of Madison auto insurance agents
If you would like to find a local Madison insurance agency, it helps to know the two different agency structures to choose from. Insurance policy providers are classified as either independent (non-exclusive) or exclusive.
Independent Agents
Independent agencies do not sell for just one brand so they can quote policies through lots of different companies enabling the ability to shop coverage around. If your premiums go up, they can switch companies in-house which is easy for the insured. If you are comparing insurance prices, it’s a good idea to contact independent agents to get the most accurate price comparison. Many can place coverage with smaller regional carriers which could offer lower prices.
Listed below are Madison independent insurance agents that may be able to give you free rate quotes.
- Universal Insurance Agency Corporation
6709 Raymond Rd – Madison, WI 53719 – (608) 216-7060 – View Map - Above and Beyond Insurance
6601 Grand Teton Plaza #7 – Madison, WI 53719 – (608) 203-8666 – View Map - M3 Insurance
828 John Nolen Dr – Madison, WI 53713 – (608) 273-0655 – View Map
Exclusive Agents
These type of agents write business for a single company like State Farm, Allstate, or Farmers Insurance. They usually cannot provide prices from multiple companies so you might not find the best rates. Exclusive agencies receive extensive training on sales techniques and that can be a competitive advantage. Consumers frequently use the same exclusive agent partially due to loyalty to the company and strong financial ratings.
The following are exclusive agents in Madison that are able to give price quotes.
- Farmers Insurance – Allen Maxwell
2980 Cahill Main #205 – Madison, WI 53711 – (608) 630-9776 – View Map - GEICO Insurance Agent
2001 W Beltline Hwy Suite 100 – Madison, WI 53713 – (608) 242-9322 – View Map - American Family Insurance – Vicki Wagener Agency LLC
1633 Thierer Rd – Madison, WI 53704 – (608) 249-2184 – View Map
Choosing the best insurance agent should include more criteria than just a low price. The following questions are important to ask.
- Do they get extra compensation for selling add-on coverages?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- If independent agents, which companies do they recommend?
- Do they prorate repair cost based on vehicle mileage?
- Did they already check your driving record and credit reports?
- Do they offer claims assistance after hours?
If you receive positive responses to your questions and low cost Honda Ridgeline insurance quotes, most likely you have located a car insurance agent that is reliable enough to insure your vehicles.
Car insurance 101
Understanding the coverages of a insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.
Coverage for liability
This coverage provides protection from injuries or damage you cause to a person or their property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/10 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as medical expenses, repair bills for other people’s vehicles, attorney fees, structural damage and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford. Wisconsin requires drivers to carry at least 25/50/10 but drivers should carry more liability than the minimum.
The illustration below demonstrates why buying low liability limits may not provide adequate coverage.
Comprehensive auto coverage
Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as rock chips in glass, damage from flooding, damage from a tornado or hurricane, fire damage and hitting a bird. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Medical payments and PIP coverage
Med pay and PIP coverage pay for short-term medical expenses like doctor visits, X-ray expenses and surgery. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage
Collision coverage protection
This pays for damage to your Ridgeline resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as rolling your car, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. You can also increase the deductible on your Ridgeline in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Honda Ridgeline.
Due to the fact that many Wisconsin drivers only purchase the least amount of liability that is required (Wisconsin limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Cheaper auto insurance premiums are out there
As you quote Madison car insurance, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where someone dropped liability limits or collision coverage only to find out that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best price, not the least amount of coverage.
People switch companies for a variety of reasons including unfair underwriting practices, delays in paying claims, poor customer service and even high prices. No matter why you want to switch, finding the right auto insurance provider is not as difficult as it may seem.
Cheaper Honda Ridgeline insurance in Madison is attainable on the web and from local agencies, and you need to price shop both to get a complete price analysis. There are still a few companies who do not offer online rate quotes and many times these smaller companies only sell through independent insurance agencies.
How to buy discount Honda Ridgeline insurance in Madison
The best way to find lower priced auto insurance rates in Madison is to compare quotes once a year from insurance carriers in Wisconsin. Rates can be compared by following these steps.
- First, get a basic knowledge of how insurance companies determine prices and the things you can change to lower rates. Many risk factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a not-so-good credit rating can be eliminated by making minor changes in your lifestyle.
- Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO and State Farm, while independent agencies can quote prices for many different companies.
- Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.
- Fourth, provide written notification to your current company of your intent to cancel your current policy. Submit the completed application along with a down payment to your new agent or company. As soon as you receive it, safely store the certificate of insurance in an accessible location in your vehicle.
An important note is to compare the same amount of coverage on every quote request and and to get prices from every company you can. Doing this guarantees a fair price comparison and and a good selection of different prices.
Even more information is available in these articles:
- How to Avoid Common Accidents (State Farm)
- How Much are Madison Auto Insurance Rates for a Toyota Camry? (FAQ)
- Who Has the Cheapest Madison Auto Insurance for 4×4 Vehicles? (FAQ)
- What Auto Insurance is Cheapest for Nurses in Madison? (FAQ)
- Who Has the Cheapest Car Insurance for a Ford F-150 in Madison? (FAQ)
- Who Has Affordable Madison Car Insurance for High Risk Drivers? (FAQ)
- Collision Coverage (Liberty Mutual)
- Distracted Driving (Insurance Information Institute)
- Red Light Cameras (State Farm)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)