1994 Honda Prelude Insurance Rates – 9 Tips for Cheaper Quotes

I can’t think of a single person who likes paying for auto insurance, particularly when they are paying too much.

Online insurance companies like Geico, Farmers Insurance and State Farm increase brand awareness with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.

Insurance Coverage Prices Online

Most major insurance companies such as State Farm, Allstate and Geico provide coverage price quotes online. Obtaining pricing is pretty easy as you simply type in your coverage information into the quote form. Upon sending the form, the system pulls your credit score and driving record and returns pricing information. Being able to quote online streamlines rate comparisons, but the work required to visit a lot of sites and type in the same information can get tiresome after awhile. But it’s very important to do this in order to find the best price on insurance coverage.

The preferred way to get multiple rate quotes makes use of a single form that obtains quotes from a lot of companies. It’s a real time-saver, requires less work, and makes online shopping much more enjoyable. Immediately after you send the form, it gets priced and you can choose any or none of the resulting price quotes.

If you find a better price you simply finish the application and purchase the new policy. The whole process takes 15 minutes at the most and may save quite a bit of money.

To quickly find out if lower rates are available, click here to open in new window and input your coverage information. To compare your current rates, we recommend that you enter the insurance coverages exactly as they are listed on your policy. This way, you are getting a price comparison based on identical coverages.

Companies offer discounts so take them!

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to help bring down the price. A few discounts will automatically apply when you purchase, but lesser-known reductions have to be inquired about in order for you to get them.

  • One Accident Forgiven – Certain companies allow you one accident before your rates go up if your claims history is clear prior to the accident.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out life insurance from them.
  • Senior Discount – If you’re over the age of 55, you may be able to get reduced rates for Prelude coverage.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more for Prelude coverage than drivers with accidents.
  • Drivers Education – Require your teen driver to complete a driver education course in school.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Bundle and Save – If you have multiple policies with the same insurance company you will save approximately 10% to 15%.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. Most only cut specific coverage prices like liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. But all discounts will cut the amount you have to pay.

Car insurance companies who might offer these discounts are:

Check with all companies you are considering which discounts you may be entitled to. Some discounts might not apply everywhere.

Do I just need basic coverages?

When it comes to buying the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. These are some specific questions can aid in determining whether your personal situation could use an agent’s help.

  • Will I lose any money if I cancel my policy before it expires?
  • Why am I required to get a high-risk car insurance policy?
  • Is my teen driver covered when they drive my company car?
  • Why do I only qualify for high-risk insurance?
  • At what point should I drop full coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Am I covered when pulling a rental trailer?
  • What is roadside assistance coverage?
  • What is PIP insurance?
  • Do I need medical payments coverage since I have good health insurance?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Car insurance coverages explained

Having a good grasp of car insurance can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on most car insurance policies.

Liability auto insurance

Liability insurance provides protection from damage or injury you incur to people or other property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like pain and suffering, bail bonds, attorney fees, funeral expenses and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.

Uninsured and underinsured coverage

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 1994 Honda Prelude.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like sustaining damage from a pot hole, crashing into a ditch, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like chiropractic care, nursing services, EMT expenses and hospital visits. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverages

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

Comprehensive coverage pays for claims like fire damage, falling objects and hail damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Smart consumers save more

We just showed you many tips how you can compare 1994 Honda Prelude insurance prices online. The key concept to understand is the more companies you get rates for, the better your comparison will be. You may even find the biggest savings come from the least-expected company. Some small companies can often provide lower rates in certain areas compared to the large companies like Allstate and Progressive.

Cheap insurance can be sourced online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. There are still a few companies who do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

When buying insurance coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, drivers have reduced liability coverage limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy enough coverage at the best price, not the least amount of coverage.

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