Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Don’t feel bad because you’re not the only one.
With so many insurance companies to choose from, it is very difficult to find the lowest price car insurance company.
Consumers need to compare rates on a regular basis because car insurance prices are adjusted regularly by insurance companies. If you had the best rates for Prelude coverage at your last renewal a different company probably has better premium rates today. Forget anything you know (or think you know) about car insurance because you’re going to get a crash course in the proper way to save on car insurance.
Buying affordable car insurance is not that difficult. Basically, every vehicle owner who has to buy car insurance will most likely be able to lower their premiums. Nevertheless, vehicle owners do need to understand the methods companies use to market insurance on the web because it can help you find the best coverage.
The method we recommend to get policy rate comparisons is to know the fact most of the bigger providers participate in online systems to give you rate quotes. To get started, all you need to do is provide information like if the car is leased, the year, make and model of vehicles, how your vehicles are used, and if you’re married. The data is then sent to insurance companies and they return quotes very quickly.
Well-known insurance coverage companies like State Farm, Allstate and Geico continually stream ads on TV and radio. All the ads try to convey promises that people will save if you just switch to them. That’s great but how can every company give you a better price? It’s all in the wording.
All companies can use profiling for the driver that will generate a profit. An example of a profitable customer should be between the ages of 30 and 45, has no tickets, and has a high credit rating. Any driver who fits that profile will qualify for the lowest rates and have a good chance to pay quite a bit less when switching companies.
Insureds who are not a match for the requirements may be forced to pay higher prices and this results in business not being written. The trick companies use is to say “people that switch” not “everyone that quotes” save the amount stated. That is how insurance companies can confidently claim big savings.
Because every company is different, you should compare quotes as often as possible. It’s not possible to predict with any certainty which company will fit you best based on your risk profile.
Companies offering auto insurance don’t always publicize every discount they offer in an easy-to-find place, so the below list has both well-publicized as well as the least known discounts that you may qualify for. If you check and find you aren’t receiving every discount available, you could be paying more than you need to.
A quick disclaimer, some of the credits will not apply to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like it’s possible to get free car insurance, nobody gets a free ride.
Popular insurance coverage companies and a partial list of their discounts are included below.
When comparing rates, check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not be offered everywhere. To view insurers with the best discounts, click here.
When it comes to buying adequate coverage, there is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether your personal situation would benefit from professional advice.
If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Having a good grasp of your policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most auto insurance policies.
This coverage will pay to fix damage to your Prelude resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things such as sustaining damage from a pot hole, driving through your garage door, hitting a parking meter and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.
This protects you from injuries or damage you cause to other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims like legal defense fees, repair costs for stationary objects, bail bonds, pain and suffering and funeral expenses. How much liability should you purchase? That is your choice, but buy as large an amount as possible.
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Honda Prelude.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as a broken windshield, hail damage and theft. The maximum amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as EMT expenses, chiropractic care, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance 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 available in all states and gives slightly broader coverage than med pay
Some insurance companies may not have rates over the internet and usually these regional carriers only sell coverage through independent agents. Cheaper 1991 Honda Prelude insurance is attainable from both online companies as well as from insurance agents, and you should compare price quotes from both to have the best rate selection.
We just presented many ways to lower your 1991 Honda Prelude insurance rates. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates are with some of the lesser-known companies. These smaller insurers may have significantly lower auto insurance rates on certain market segments compared to the large companies like Allstate or State Farm.
When shopping online for car insurance, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where an insured dropped comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at the best cost and still be able to protect your assets.