Affordable Quotes for Honda Ridgeline Insurance in Portland

Surprisingly, a recent survey revealed that a large majority of auto insurance policyholders kept their policy with the same company for four years or more, and approximately 40% of consumers have never compared rates with other companies. Portland consumers can save approximately $970 each year just by shopping around, but they underestimate the benefits if they just switched companies.

If your goal is the lowest price, then the best way to save on Honda Ridgeline insurance in Portland is to do a yearly price comparison from companies that sell auto insurance in Oregon.

Step 1: Try to learn about coverages and the measures you can take to prevent rate increases. Many things that cause high rates like traffic citations, accidents, and a bad credit rating can be rectified by making minor changes to your lifestyle.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can provide rate quotes for many different companies. Compare rates now

Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.

Step 4: Provide notification to your current agent or company to cancel your current policy. Submit payment along with a signed and completed policy application for your new coverage. Make sure you put the new certificate verifying proof of insurance in your vehicle’s glove compartment or console.

The critical component of shopping around is that you’ll want to compare the same amount of coverage on each quote and and to get prices from as many auto insurance providers as possible. This provides a fair price comparison and the best price selection.

Finding the cheapest auto insurance coverage in Portland can be made easier if you know where to look. If you currently have a car insurance policy, you will most likely be able to find better prices using the concepts covered in this article. Nevertheless, Oregon consumers can benefit from knowing the way insurance companies determine what you pay because it varies considerably.

Just keep in mind that comparing all the rates in your area helps you find a lower rate than you’re paying now.

The providers in the list below are ready to provide price comparisons in Portland, OR. If multiple companies are listed, we suggest you click on several of them to get the best price comparison.

Why you need insurance

Despite the high insurance cost for a Honda Ridgeline in Portland, insurance may be required for several reasons.

• Most states have compulsory liability insurance requirements which means state laws require a specific level of liability insurance coverage if you want to drive legally. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you bought your Honda Ridgeline with a loan, almost every bank will make it a condition of the loan that you have insurance to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Honda for a much higher rate and require you to pay the higher price.
• Insurance protects both your vehicle and your assets. Insurance will also pay for medical transport and hospital expenses that are the result of an accident. Liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of having insurance definitely exceed the price paid, especially for larger claims. An average driver in America is wasting up to $865 each year so shop around each time the policy renews to save money.

Car insurance data for a Honda Ridgeline

The data table displayed below covers different coverage costs for Honda Ridgeline models. Being aware of how rates are calculated is important for you to make informed purchases.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price estimates do not factor in your specific Portland location which can increase or decrease price quotes significantly.

Policy deductible comparison

One of the most common car insurance questions is how high should your deductibles be. The data tables below help summarize the costs and benefits when you buy lower versus higher deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in specific location information which can raise or lower price quotes considerably.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $23 more each month or $276 every year than quoting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 17 months between claim filings, you would save money going with the higher deductible.

The illustration below shows how choosing a deductible and can impact Honda Ridgeline annual premium costs for different insured age categories. The rate quotes are based on a single female driver, full physical damage coverage, and no policy discounts are applied.

Rate comparison of male drivers versus female drivers

The illustration below illustrates the comparison of Honda Ridgeline annual premium costs for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are applied.

Full coverage rates compared to liability-only

The diagram below illustrates the comparison of Honda Ridgeline insurance costs with and without full coverage. The premiums are based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no definitive formula of when to phase out comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Honda Ridgeline replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after paying your policy deductible. If it’s costing in excess of $600 annually to have full coverage, then you might consider buying liability only.

There are a few cases where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not opt for liability only.

Get cheap rates with discounts

Some insurance providers don’t always list every discount they offer in an easy-to-find place, so we took the time to find some of the more common as well as some of the hidden savings tricks you should be using when you buy Portland auto insurance online.

• Federal Government Employee – Federal government employees may reduce rates when you quote Portland auto insurance with a few auto insurance companies.
• Portland Homeowners Pay Less – Owning your own home or condo can get you a discount due to the fact that maintaining a home requires personal responsibility.
• Service Members Pay Less – Being on active deployment in the military could mean lower prices.
• Multiple Vehicles – Drivers who insure primary and secondary vehicles on one policy could earn a price break for each car.
• Discount for Swiching Early – A few auto insurance companies give discounts for switching policies before your current coverage expires. Ten percent is about the average savings.
• Multi-line Discount – If the company offers life insurance, you could get a lower rate if you buy life insurance.
• No Accidents – Insureds who avoid accidents and claims can earn big discounts compared to drivers who are more careless.
• Buy New and Save – Buying insurance coverage on a new vehicle can save up to 30% since newer vehicles are generally safer.
• Theft Prevention System – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
• Multiple Policy Discount – If you can bundle your home and auto insurance and place coverage with the same company you could save nearly 15% which can help you find the cheapest Honda Ridgeline insurance in Portland.

A little note about advertised discounts, most discounts do not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. Just because you may think you could get a free auto insurance policy, you’re out of luck.

The diagram below shows the comparison of Honda Ridgeline auto insurance rates with and without discounts applied to the premium. The rate quotes are based on a female driver, no accidents, no driving violations, Oregon 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, multi-policy, multi-car, homeowner, claim-free, and marriage discounts applied.

For a list of insurers that have a full spectrum of discounts in Portland, click this link.

Don’t assume everyone needs the same insurance coverage

Always remember that when buying your policy, there really isn’t a best way to insure your cars. Your financial needs are unique so this has to be addressed.
For instance, these questions could help you determine if your situation may require specific advice.

• Is my nanny covered when driving my vehicle?
• How can I get the company to pay a claim?
• Who is covered when they drive my Honda Ridgeline?
• Can I make deliveries for my home business?
• Am I covered if I drive in a foreign country?
• I have a DUI can I still get coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• Should I sign the liability waiver when renting a car?
• What is an SR-22 filing?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier