Cheap Honda Ridgeline Insurance in Chicago

Insurance rates Honda Ridgeline in ChicagoHave you finally had enough of scraping the payment together to buy auto insurance? You are in the same boat as many other Illinois consumers.

Unthinkable but true, nearly 70% of customers kept their coverage with the same auto insurance company for more than four years, and nearly the majority have never shopped around. With the average auto insurance premium being $1,847, American drivers could cut their rates by 47% a year by just comparing rate quotes, but they just assume it takes a lot of time to compare other rate quotes.

Many insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer to get the lowest price on Honda Ridgeline insurance in Chicago.

If you have auto insurance now, you should be able to get lower rates using these methods. Choosing the most cost-effective auto insurance policy in Chicago seems hard but is not really that difficult. Although Illinois car owners do need to understand the methods companies use to compete online because rates fluctuate considerably.

The cheapest Chicago Honda Ridgeline insurance rate quotes online

When quoting car insurance, remember that comparing more quotes will increase your chances of finding the best price.

The auto insurance companies shown below provide quotes in Illinois. If more than one company is shown, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Honda Ridgeline Insurance Rates in Chicago, IL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $128 $232 $284 $16 $84 $744 $62
Ridgeline RTS 4WD $160 $282 $334 $20 $100 $896 $75
Ridgeline RTL 4WD $160 $252 $386 $22 $116 $936 $78
Ridgeline RTL W/Navigation 4WD $120 $246 $334 $20 $100 $820 $68
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in Chicago location which can increase or decrease price quotes noticeably.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The rates below sum up how much more rates are when you buy lower versus higher coverage deductibles. The first table uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Honda Ridgeline insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $202 $340 $294 $18 $88 $967 $81
Ridgeline RTS 4WD $228 $340 $294 $18 $88 $993 $83
Ridgeline RTL 4WD $228 $400 $294 $18 $88 $1,053 $88
Ridgeline RTL W/Navigation 4WD $228 $400 $294 $18 $88 $1,053 $88
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Honda Ridgeline insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ridgeline RT 4WD $164 $274 $294 $18 $88 $838 $70
Ridgeline RTS 4WD $186 $274 $294 $18 $88 $860 $72
Ridgeline RTL 4WD $186 $322 $294 $18 $88 $908 $76
Ridgeline RTL W/Navigation 4WD $186 $322 $294 $18 $88 $908 $76
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can impact coverage rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs about $11 more each month or $132 for a full year than selecting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 23 months between claim filings, you would save more money if you elect the higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $85
Average monthly premium for $500 deductibles (subtract): – $74
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to be aware of is that raising deductibles results in more money out-of-pocket when you do file a claim. You need to have enough money put aside in the event you need to pay the deductible to have repairs made.

Lower rates by qualifying for discounts

Some companies do not advertise every policy discount very well, so the list below gives a summary of a few of the more well known as well as the least known discounts that may be available.Save money with discounts

A little disclaimer on discounts, most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you could get a free auto insurance policy, companies don’t profit that way.

Car insurance companies that have some of the above discounts are:

Double check with each insurance company what discounts are available to you. Some of the earlier mentioned discounts might not be available to policyholders in every state. To see insurance companies who offer online Honda Ridgeline insurance quotes in Chicago, follow this link.

Eight factors that determine insurance costs

Many things are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as your driving history, but other criteria are more transparent such as your marital status or your vehicle rating. It’s important that you understand the factors that aid in calculating the price you pay for car insurance. If you have some idea of what determines base rates, this helps enable you to make changes that can help you get big savings.

Listed below are some of the things used by your company to calculate rates.

Local Chicago insurance agents

A small number of people would prefer to buy from a licensed agent and doing that can be a smart decision One of the benefits of getting free rate quotes online is that you can find cheap rate quotes but still work with a licensed agent. Putting coverage with local agencies is especially important in Chicago.

Insurance agency in ChicagoTo help locate an agent, after submitting this form (opens in new window), the quote information gets sent to local insurance agents that can give you free Chicago car insurance quotes and help you find cheaper coverage. It’s much easier because you don’t need to drive around since price quotes are sent instantly to you. It’s the lowest rates AND an agent nearby. If you wish to get a rate quote from a specific auto insurance provider, just jump over to their website and give them your coverage information.

Finding a good company requires you to look at more than just a cheap price quote. Here are some questions you should ask.

Once you have answers to your satisfaction to any questions you may have and locked in a price quote, chances are good that you have found an provider that meets the criteria to adequately provide auto insurance.

Insurance agents can help

When quoting and choosing your policy for your vehicles, there is no “perfect” insurance plan. Each situation is unique.Higher deductibles save money

These are some specific questions may help you determine whether your personal situation may require specific advice.

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form.

Compare. Compare. Compare.

More affordable car insurance in Chicago is attainable both online in addition to many Chicago insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies don’t offer online price quotes and many times these smaller providers prefer to sell through independent agents.

Insureds leave their current company for a variety of reasons including denial of a claim, unfair underwriting practices, being labeled a high risk driver or policy non-renewal. Whatever your reason, finding the right car insurance provider is not as hard as you think.

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. In many cases, an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.

Even more information can be found at these sites: