Save on 1991 Honda Prelude Insurance Cost

Are you drained from trying to scrape together enough money to pay your insurance coverage bill each month? Your situation is no different than the majority of other consumers. Because there are so many companies and agents to choose from, it can be hard to pick the lowest cost insurance company.

How to get affordable auto insurance

Performing a rate comparison can be challenging if you aren’t aware of the best way to get rate quotes. You can spend countless hours talking about coverages with insurance companies in your area, or you can stay home and use the web to maximize your effort.

Most of the best insurance companies belong to a marketplace that allows shoppers to enter their policy data once, and at least one company can provide price quotes determined by their information. This eliminates the need for quotation requests to each individual auto insurance company.

To access this free quoting program, click to open in new window.

The one downside to using this type of form is that consumers can’t choose which insurance companies to get quotes from. If you wish to select specific insurance companies to request quotes from, we have a page of low cost auto insurance companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just make sure you use apples-to-apples quote information with every price quote. If you compare higher or lower deductibles it’s not possible to decipher which rate is best.

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Misconceptions in insurance coverage advertisements

Drivers can’t get away from all the ads for cheaper insurance coverage by State Farm, Allstate and Geico. All the companies make the point that you’ll save big after switching your coverage to them.

How is it plausible that every one can save you money? It’s all in how they say it.

All the different companies can use profiling for the type of customer that will be a good risk. An example of this type of insured might have to be a married male, has no prior claims, and drives less than 10,000 miles a year. Any new insured who matches that profile will get low prices and as a result will probably save if they switch.

Insureds who don’t measure up to the ideal profile will be charged a higher premium which usually ends up with the customer not purchasing. The trick companies use is to say “people that switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can confidently claim big savings.

Because of the profiling, it is so important to compare quotes as often as possible. Because you cannot predict with any certainty which company will have the best rates for your profile.

Cut your insurance rates with discounts

Some companies don’t always publicize every disount available in an easy-to-find place, so we break down both well-publicized and also the lesser-known insurance savings. If you do not double check each discount you qualify for, you’re just leaving money on the table.

• Drivers Education – Have your child enroll in driver’s education as it will make them better drivers and lower rates.
• Home Ownership Discount – Owning a home may trigger a policy discount on insurance due to the fact that maintaining a home requires a higher level of personal finance.
• Early Switch Discount – Some companies reward drivers for switching to them before your current expiration date. The savings is around 10%.
• Anti-lock Brake System – Cars equipped with ABS or steering control can avoid accidents and the ABS can save up to 10%.
• Anti-theft Discount – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

Remember that some of the credits will not apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, you aren’t that lucky. Any amount of discount will definitely reduce your premiums.

Popular insurance companies and their offered discounts are included below.

• Farmers Insurance offers discounts including alternative fuel, business and professional, youthful driver, switch companies, bundle discounts, electronic funds transfer, and homeowner.
• Esurance policyholders can earn discounts including multi-policy, online quote, claim free, renters, and anti-lock brakes.
• State Farm has savings for driver’s education, multiple policy, good driver, good student, passive restraint, and student away at school.
• Geico offers discounts for five-year accident-free, seat belt use, daytime running lights, driver training, membership and employees, and anti-theft.
• Allstate discounts include passive restraint, anti-theft, teenSMART discount, resident student, utility vehicle, and multi-policy.

If you are trying to find low cost auto insurance quotes, ask all companies you are considering to apply every possible discount. Discounts may not be offered in your state. If you would like to view companies that offer multiple discounts, click here.

You are unique and your auto insurance should be too

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions may help highlight if your situation may require specific advice.

• Am I covered when driving a rental car?
• Do I have coverage when pulling a U-Haul trailer?
• Do I pay less if my vehicle is kept in my garage?
• Is my business laptop covered if it gets stolen from my vehicle?
• Is my state a no-fault state?
• Is my custom paint covered by insurance?
• Does my 1991 Honda Prelude qualify for pleasure use?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

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Parts of your car insurance policy

Understanding the coverages of car insurance can help you determine appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and coverage can change by endorsement. These are the usual coverages available from car insurance companies.

Collision insurance

This covers damage to your Prelude resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, sustaining damage from a pot hole, damaging your car on a curb and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses for surgery, chiropractic care and dental work. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Honda Prelude.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability

This coverage will cover injuries or damage you cause to other people or property in an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for claims like bail bonds, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like fire damage, rock chips in glass, vandalism, hitting a bird and theft. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Knowledge is power

We just covered many ways to save on 1991 Honda Prelude insurance. The key concept to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the biggest savings come from a small local company. They can often insure niche markets at a lower cost as compared to the big name companies such as Geico and State Farm.

Lower-priced insurance can be found both online and from local agencies, so you need to shop auto insurance with both in order to have the best chance of saving money. A few companies may not offer internet price quotes and most of the time these regional insurance providers provide coverage only through independent agencies.

For more information, take a look at the resources below:

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Auto Insurance Basics (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)
• Airbag FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Auto Theft Statistics (Insurance Information Insitute)

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