Cheaper 1991 Honda Prelude Insurance Rates

Overpriced Honda Prelude insurance can diminish your savings account and require stricter spending habits. Multiple insurers compete to insure your vehicles, and it can be difficult to compare rates to get the best price available.

You should take the time to get comparison quotes yearly because auto insurance prices fluctuate regularly. Even if you got the best price for Prelude insurance a year ago you can probably find a lower rate today. You can search a lot of auto insurance on the internet, but we’re going to give you some great ideas on how to put money back in your pocket.

Which car insurance is cheapest?

Reducing your 1991 Honda Prelude insurance rates is a great way to save money. All that’s required is to take time comparing free insurance coverage quotes to find out which insurance company has cheaper insurance coverage quotes. It’s really simple and can be done in several different ways.

• One of the fastest ways to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This form prevents you from having to do separate forms for each price estimate. One quote request gets rate comparisons from multiple companies.
• A less efficient way to find lower rates requires a visit to each company’s website and fill out a new quote form. For examples sake, we’ll pretend you want to compare rates from Geico, Allstate and GMAC. In order to compare rates, you need to go to every website and type in your information over and over, which explains why we recommend starting with the first method.

  For a list of links to companies insuring cars in your area, click here.

Whichever way you use, ensure you’re using the same coverage information for every quote you compare. If you are comparing different coverage information you can’t possibly make an equal comparison.

These discounts can cut insurance rates

Companies that sell car insurance do not advertise every disount available very well, so we break down a few of the more common and also the lesser-known credits that may apply to you.

• More Vehicles More Savings – Having more than one vehicle on one policy can get a discount for every vehicle.
• Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save 10% or more off the PIP or medical payment premium.
• Drive Safe and Save – Safe drivers can pay as much as 50% less for Prelude insurance compared to rates paid by drivers with frequent claims.
• Accident Forgiveness – This isn’t a discount exactly, but some insurance companies will turn a blind eye to one accident before your rates go up if your claims history is clear for a certain period of time.
• Discount for Multiple Policies – When you have multiple policies with the same insurance company you could save over 10 percent off each policy depending on the company.

Policy discounts save money, but most discounts do not apply to the entire cost. Most cut individual premiums such as collision or personal injury protection. Even though the math looks like you can get free auto insurance, nobody gets a free ride.

A partial list of companies that may offer policyholders most of the discounts above include:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• Geico
• State Farm

Before buying, ask every insurance company which discounts you qualify for. Some of the earlier mentioned discounts may not be offered in your area. To view companies offering insurance discounts, click here.

When do I need an agent’s advice?

When buying proper insurance coverage for your personal vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions can help discover whether you might need professional guidance.

• When would I need additional glass coverage?
• What is PIP insurance?
• Is my teen driver covered when they drive my company car?
• Should I put collision coverage on all my vehicles?
• Am I getting all the discounts available?
• Who is covered by my policy?
• How can I find cheaper teen driver insurance?
• How can I get high-risk coverage after a DUI?
• Does my car insurance cover rental cars?

If you don’t know the answers to these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Learn how to lower your insurance premiums

Consumers need to have an understanding of the rating factors that go into determining the price you pay for car insurance. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with better car insurance rates. Many factors are part of the calculation when quoting car insurance. Some are obvious like a motor vehicle report, but other factors are more obscure like your vehicle usage or your commute time.

Shown below are a partial list of the pieces used by insurance companies to determine premiums.

• Bad credit will cost you – Having a bad credit history can be an important factor in determining premium rates. People that have good credit tend to file fewer claims as compared to drivers with poor credit scores. If your credit leaves room for improvement, you could be paying less to insure your 1991 Honda Prelude by spending a little time repairing your credit.
• Drive less and pay lower prices – Driving more miles every year the more you will pay for car insurance. A lot of companies calculate prices based upon how much you drive. Cars and trucks not used for work or commuting qualify for better rates than cars that get driven a lot. Having an incorrect usage rating on your Prelude can result in significantly higher rates. Ask your agent if your car insurance coverage reflects the proper vehicle usage.
• Advanced GPS tracking and theft deterrents – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft and help bring rates down.
• Do you have enough liability protection? – Liability coverage provides coverage if ever you are ruled to be at fault for damages from an accident. It will provide legal defense coverage which can cost a lot. It is affordable coverage compared to insuring for physical damage coverage, so do not cut corners here.
• Inexpensive frequent claims are not good – If you frequently file small claims, you shouldn’t be surprised to get either higher rates or even cancellation. Auto insurance companies give better rates to policyholders that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.

But they said I’d save $475 a year!

Consumers can’t get away from ads that claim the cheapest rates from companies such as Progressive, Allstate and Geico. All the ads try to convey promises about savings if you just switch your car insurance policy to them.

How is it possible that every company can give you a lower rate? This is the trick they use.

Many companies are able to cherry pick for the type of insured that will not have excessive claims. For instance, a driver they prefer might be between 25 and 40, has had continuous coverage, and has a high credit rating. Any person who fits those characteristics will get the preferred premium rates and therefore will save quite a bit of money when switching.

Insureds who don’t measure up to the requirements may be required to pay more expensive rates with the end result being the driver buying from a lower-cost company. If you pay close attention to the ads, they say “customers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how companies can make claims that they all have the best premium rates. Because of these techniques, it’s extremely important to do a quote comparison often. It is just not possible to predict which company will have better auto insurance rates than you’re paying now.

Information about specific coverages

Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types available from car insurance companies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as nursing services, prosthetic devices and ambulance fees. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverage

This coverage pays for damage to your Prelude caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a building, hitting a parking meter, backing into a parked car and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Auto liability insurance

This can cover damage that occurs to people or other property in an accident. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like pain and suffering, emergency aid, court costs and legal defense fees. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Honda Prelude.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, hail damage and theft. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

A penny earned…

As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where someone dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. The aim is to buy enough coverage at an affordable rate while still protecting your assets.

We covered some good ideas how to compare 1991 Honda Prelude insurance car insurance rates online. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. You may be surprised to find that the lowest car insurance rates come from a company that doesn’t do a lot of advertising. These companies often have lower premium rates on specific markets compared to the large companies like Allstate or State Farm.

Some companies may not provide internet price quotes and these regional carriers work with independent insurance agencies. Cost effective 1991 Honda Prelude insurance is definitely available online as well as from independent agents, so you need to compare both to get a complete price analysis.

Additional information is located at the links below

• Winter Driving (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• State Laws for Cellphones and Texting (iihs.org)
• Teen Driver Statistics (Insurance Information Insitute)