The recommended way to find low-cost auto insurance rates in Fort Worth is to start comparing rates regularly from companies who provide car insurance in Texas.
First, read about how insurance works and the modifications you can make to keep rates in check. Many risk factors that drive up the price such as traffic tickets, fender benders, and a not-so-good credit score can be rectified by being financially responsible and driving safely. Continue reading for more ideas to help prevent expensive coverage and earn larger discounts.
Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies.
Third, compare the new quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote and change companies, make sure coverage is continuous and does not lapse.
Fourth, give notification to your agent or company of your decision to cancel the current policy and submit the required down payment along with the signed application to your new carrier. Once received, put the certificate verifying proof of insurance in an easily accessible location in your vehicle.
A good piece of advice is that you use similar coverage information on every quote and and to get prices from all possible companies. Doing this ensures an apples-to-apples comparison and the best rate selection.
A recent NerdWallet.com study revealed that most car insurance customers kept their policy with the same company for over three years, and approximately 38% of consumers have never even compared quotes to find cheaper rates. Texas insurance shoppers could save themselves up to $1,770 a year by just comparing rate quotes, but they just don't understand how much money they would save if they switch to a new company.
When comparing auto insurance rates, know that comparing more quotes provides better odds of finding the best price. Not every company provides price estimates online, so it's recommended that you also compare prices from them as well.
The auto insurance companies shown below have been selected to offer price quotes in Texas. If more than one company is shown, we suggest you visit several of them to get the best price comparison.
Statistics and details
The data table displayed below outlines estimates of rate quotes for Honda Ridgeline models. Having knowledge of how insurance policy rates are formulated is important for drivers to make decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ridgeline RT 4WD||$282||$560||$560||$34||$168||$1,604||$134|
|Ridgeline RTS 4WD||$318||$560||$560||$34||$168||$1,640||$137|
|Ridgeline RTL 4WD||$318||$660||$560||$34||$168||$1,740||$145|
|Ridgeline RTL W/Navigation 4WD||$318||$660||$560||$34||$168||$1,740||$145|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in zip code location which can influence premiums substantially.
Driving violations and accidents
The chart below illustrates how violations and fender-benders can influence Honda Ridgeline car insurance rates for different age groups. The rates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
Rate comparison of full coverage and liability-only
The information below illustrates the comparison of Honda Ridgeline auto insurance rates with full physical damage coverage and with liability coverage only. The data assumes no driving violations, no at-fault accidents, $250 deductibles, single status, and no policy discounts are applied.
When to eliminate full coverage
There is no set rule of when to drop full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let's say your Honda Ridgeline replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying your deductible. If you are paying in excess of $500 a year for full coverage, then it may be the right time to buy liability only.
There are a few cases where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Why you need to buy auto insurance
Despite the high insurance cost for a Honda Ridgeline in Fort Worth, auto insurance is mandatory in Texas but it also protects more than you think.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability insurance in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Ridgeline, it's most likely the lender will force you to have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Honda for a much higher rate and make you pay for the expensive policy.
- Insurance safeguards both your vehicle and your personal assets. It will also cover many types of medical costs incurred in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of carrying adequate insurance are definitely more than the cost, particularly if you ever have a claim. But the average driver in Texas overpays more than $865 each year so compare quotes from several companies each time the policy renews to save money.
Informed Drivers Save Every Year
It's important that you understand the factors that aid in calculating auto insurance rates. If you know what determines base rates, this helps enable you to make changes that will entitle you to better auto insurance rates. Many different elements are used in the calculation when premium rates are determined. Some factors are common sense like your driving record, but other factors are less obvious such as your marital status or your financial responsibility.
The list below includes some of the factors that factor into your premiums.
Fast cars cost more to insure - The make and model of the vehicle you drive makes a huge difference in the rate you pay. The best insurance prices are usually for lower performance four cylinder passenger models, but there are many factors that impact the final cost.
The chart below assumes a married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The data compares Honda Ridgeline rates compared to other models of vehicles that have a range of risk factors.
- Eliminate unneeded extra policy coverages - There are a lot of additional coverages that can add up when buying auto insurance. Coverage for things like personal injury protection, accidental death, and extra life insurance coverage may be wasting your money. The coverages may be enticing when discussing your needs, but if you've never needed them in the past remove them from your policy.
- Don't skimp on liability - The liability section of your policy provides coverage in the event that you are determined to be liable for damages caused by your negligence. It provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.
- Alarms and GPS tracking lower rates - Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all help stop your vehicle from being stolen.
- Urban residents pay more - Living in areas with lower population has it's advantages if you are looking for the lowest rates. Lower population means less chance of accidents in addition to lower liability claims. Urban drivers tend to have more aggressive driving styles and a longer drive to work. More time behind the wheel means more chances of being involved in an auto accident.
Insurance rates and driver gender - The statistics show that women are safer drivers than men. That doesn't necessarily mean that women are better drivers. Both sexes cause at-fault accidents in similar percentages, but the men cause more damage and cost insurance companies more money. In addition to higher claims, males also receive more major tickets like driving under the influence (DUI).
The information below shows the difference between Honda Ridgeline yearly insurance costs for male and female drivers. The rates are based on no claims, a clean driving record, comp and collision included, $250 deductibles, single status, and no policy discounts are applied.
How to know if you need help
When choosing a policy for your personal vehicles, there is no best way to insure your cars. Your situation is unique.
These are some specific questions might point out if your situation will benefit from professional help.
- When can my company non-renew my policy?
- How do I insure my teen driver?
- Exactly who is provided coverage by my policy?
- Why am I required to buy liability insurance?
- Am I better off with higher deductibles on my Honda Ridgeline?
- Is extra glass coverage worth it?
- How can I get high-risk coverage after a DUI?
- When should I drop full coverage on my Honda Ridgeline?
If it's difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don't have a local agent, fill out this quick form.
What is YOUR best insurance company?
We've covered many ways to find cheaper Honda Ridgeline insurance in Fort Worth. The key concept to understand is the more providers you compare, the better chance you'll have of finding affordable Fort Worth auto insurance quotes. You may even discover the lowest priced insurance comes from an unexpected company.
People who switch companies do it for many reasons like policy non-renewal, an unsatisfactory settlement offer, unfair underwriting practices or extreme rates for teen drivers. Regardless of your reason for switching companies, switching companies is pretty simple and you could end up saving a buck or two.
When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced liability coverage limits only to regret they didn't have enough coverage. The proper strategy is to purchase plenty of coverage at the best cost while still protecting your assets.
Additional information can be found at the links below
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- What Car Insurance is Cheapest for a 20 Year Old Male in Fort Worth? (FAQ)
- Collision Insurance Coverage (Nationwide)
- Child Safety Seats (Insurance Information Institute)