1998 Honda Prelude Car Insurance Rates – 7 Policy Discounts

Locating the cheapest insurance for your Honda Prelude can turn out to be difficult, but you can use the following methods to save time.

There is a better way to shop for insurance so you’re going to learn the absolute fastest way to price shop coverage on a Honda and find the best price possible from local insurance agents and online providers.

Find discounts to get cheap insurance coverage quotes

Companies offering auto insurance don’t always list all disounts in a way that’s easy to find, so the below list has some of the best known in addition to some of the lesser obvious discounts that may be available.

• Low Mileage Discounts – Maintaining low annual mileage could earn slightly better prices than normal.
• Multiple Cars – Drivers who insure primary and secondary vehicles with the same company can get a discount on all vehicles.
• Discounts for Government Workers – Active or former government employment could provide a small rate reduction for Prelude insurance depending on your insurance coverage provider.
• Driver’s Education for Students – It’s a good idea to have your young drivers participate in a local driver’s education class as it will make them better drivers and lower rates.
• Responsible Driver Discounts – Insureds without accidents could pay up to 40% less for Prelude insurance than drivers with accident claims.
• E-sign – Some of the larger companies will discount your bill up to fifty bucks for buying your policy on the web.
• Active Service Discounts – Being deployed in the military may qualify for rate reductions.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, insurance coverage companies aren’t that generous. Any amount of discount will cut your policy premiums.

The best insurance coverage companies and the discounts they provide are outlined below.

• 21st Century offers premium reductions for 55 and older, good student, anti-lock brakes, theft prevention, and teen driver.
• State Farm has discounts for good driver, student away at school, multiple policy, Steer Clear safe driver discount, anti-theft, accident-free, and passive restraint.
• AAA policyholders can earn discounts including education and occupation, AAA membership discount, good student, anti-theft, multi-car, and pay-in-full.
• Liberty Mutual offers discounts including new graduate, teen driver discount, exclusive group savings, new vehicle discount, and good student.
• Progressive may have discounts that include multi-policy, continuous coverage, homeowner, good student, and online quote discount.

It’s a good idea to ask every prospective company to apply every possible discount. A few discounts might not be available to policyholders in every state. To choose providers with discount rates, click here to view.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage, there really is no single plan that fits everyone. Every situation is different.

For instance, these questions might help in determining whether your personal situation may require specific advice.

• Does insurance cover damages from a DUI accident?
• What is the minimum liability in my state?
• Can I drive in Mexico and have coverage?
• Does my policy pay for OEM or aftermarket parts?
• Should I get collision insurance on every vehicle?
• Is my trailer covered?
• When would I need rental car insurance?
• Can my teen driver be rated on a liability-only vehicle?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Do I need roadside assistance coverage?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Auto insurance ads bend the truth

Consumers can’t get away from all the ads that promise big savings for switching from companies such as State Farm and Allstate. They all tend to make the same promise about how much you will save if you just switch your policy.

How is it plausible that every one can offer drivers better rates? Here is the trick they use.

Companies give the cheapest rates for the right customer that earns them the most money. A good example of a driver they prefer should be married and over the age of 30, owns their home, and does not commute to work. Anyone that matches those criteria will probably get the lowest car insurance rates and therefore will save when they switch companies.

People who may not quite match this stringent profile will get higher rates and this can result in business going elsewhere. The wording the ads use say “drivers who switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can make claims that they all have the best car insurance rates.

This really drives home the point why you absolutely need to get a wide range of price quotes. You cannot predict which company will have the lowest rates for your situation.

Coverages available on your policy

Having a good grasp of auto insurance aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Liability coverages – Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as legal defense fees, funeral expenses, medical expenses, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is up to you, but buy as much as you can afford.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your Honda Prelude.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Coverage for medical payments – Med pay and PIP coverage reimburse you for bills for nursing services, funeral costs, hospital visits and X-ray expenses. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as sideswiping another vehicle, colliding with another moving vehicle, driving through your garage door, rolling your car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages – This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a broken windshield, hail damage, damage from getting keyed, falling objects and hitting a deer. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Cheaper insurance is a realistic goal

Cheap 1998 Honda Prelude insurance can be purchased from both online companies in addition to many insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not have online quoting and these small insurance companies sell through local independent agencies.

When getting insurance quotes online, do not skimp on coverage in order to save money. In many cases, drivers have reduced comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find at the best price while still protecting your assets.

Consumers leave their current company for a variety of reasons including questionable increases in premium, high prices, being labeled a high risk driver and even denial of a claim. No matter why you want to switch, switching companies is not as hard as you think.

Additional articles

• Where can I buy Insurance? (Insurance Information Insitute)
• Safe Vehicles for Teens (iihs.org)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• What Does No-Fault Insurance Cover? (Allstate)
• Property Damage Coverage (Liberty Mutual)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)