1994 Honda Prelude Insurance Cost – 7 Tricks for Cheaper Prices

Online price comparisons for cheaper insurance may seem to be difficult if you’ve never compared online price comparisons. But don’t surrender to high rates because finding better rates is easier than you think.

Compare auto insurance quotes online

There are several ways you can shop for auto insurance but one way is less labor-intensive and much quicker. You can waste hours discussing policy coverages with agents in your area, or you could save time and use online quoting to get pricing more quickly.

Most of the larger companies participate in a marketplace that enables customers to enter their coverage request one time, and each company returns a competitive quote based on that data. This system prevents you from having to do form submissions for each company.

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

The only downside to using this type of form is you can’t choose the insurers you want pricing from. So if you want to choose specific insurance companies for rate comparison, we put together a list of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make sure you use nearly identical coverage information for every quote you compare. If you compare different limits and deductibles on each one you will not be able to make an equal comparison. Even a minor difference in coverage limits may result in a large different in cost. Just keep in mind that comparing more company’s prices increases the change that you will find better pricing. Not every company does online quotes, so you also need to get rates from them as well.

Earn discounts to get lower-cost insurance coverage quotes

Insurance coverage can be pricey, but you may find discounts to help offset the cost. Some discounts apply automatically when you complete an application, but a few must be asked about prior to receiving the credit.

• Discount for Low Mileage – Keeping the miles down on your Honda may enable drivers to earn cheaper rates.
• Multi-Vehicle Discounts – Drivers who insure more than one vehicle with one company qualifies for this discount.
• Accident Waiver – This one is not really a discount per se, but companies like Geico, Progressive, and Allstate may permit one accident before your rates go up so long as you haven’t had any claims for a specific time period.
• Discount for Life Insurance – Larger insurance companies have a discount if you purchase auto and life insurance together.
• Homeowners Savings – Just being a homeowner may earn you a small savings due to the fact that maintaining a home is proof of financial responsibility.
• Membership in Organizations – Belonging to specific professional or occupational memberships or organizations may earn a discount on your policy.
• No Accidents – Drivers who stay claim-free have much lower rates when compared to insureds who have frequent claims or accidents.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply the the whole policy. Some only reduce specific coverage prices like comprehensive or collision. Even though it appears you can get free auto insurance, you’re out of luck.

To see a list of insurers that offer multiple discounts, click this link.

Tailor your car insurance coverage to you

When it comes to buying coverage for your personal vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For example, these questions may help you determine whether you will benefit from professional help.

• Is my trailer covered?
• Can I rate high risk drivers on liability-only vehicles?
• Am I missing any policy discounts?
• Is my 1994 Honda Prelude covered for smoke damage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Am I covered if I hit my neighbor’s mailbox?

If you’re not sure about those questions, you might consider talking to an agent. To find an agent in your area, simply complete this short form.

Car insurance 101

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as fire damage, theft, rock chips in glass, hitting a deer and damage from flooding. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage kick in for expenses for X-ray expenses, pain medications, nursing services and doctor visits. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Honda Prelude.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Coverage for liability

This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage protects against claims like attorney fees, repair bills for other people’s vehicles, funeral expenses, bail bonds and court costs. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Auto collision coverage

This coverage pays for damage to your Prelude from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, colliding with a tree, hitting a parking meter, crashing into a building and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

You can do this!

People who switch companies do it for any number of reasons including high prices, extreme rates for teen drivers, unfair underwriting practices or even poor customer service. Whatever your reason, finding a great new company can be easier than you think.

When searching for cheap insurance quotes, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced uninsured motorist or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase a proper amount of coverage at the best cost, but do not sacrifice coverage to save money.

In this article, we covered many ways to lower your 1994 Honda Prelude insurance auto insurance rates. The key thing to remember is the more rate quotes you have, the better likelihood of getting affordable insurance. You may be surprised to find that the most savings is with a lesser-known regional company.

Other information

• Airbag FAQ (iihs.org)
• Prom Night Tips for Teen Drivers (State Farm)
• Collision Insurance Coverage (Nationwide)
• How do I File a Claim? (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)