2001 Honda Prelude Car Insurance Rates – 9 Policy Discounts

Having to pay for pricey Honda Prelude insurance can dry up your savings and put a big crunch on your finances. Comparing rates annually is a smart way to tighten up your finances.

You have multiple insurers to pick from, and although it’s a good thing to have multiple companies, so many choices can make it hard to compare rates and cut insurance costs.

It’s a great practice to quote other rates once or twice a year because prices are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest rates on Prelude insurance last year the chances are good that you can find a lower premium rate today. Ignore everything you know about insurance because we’re going to demonstrate one of the quickest ways to lower your rates without sacrificing coverage.

Finding the best rates is quite easy. If you currently have car insurance, you will be able to cut costs considerably using these techniques. Drivers just need to know the best way to shop for insurance on the web.

Earn discounts on insurance

Car insurance companies don’t list their entire list of discounts in an easy-to-find place, so the following list contains some of the best known and the harder-to-find credits that may apply to you. If you do not double check each discount you qualify for, you are just wasting money.

  • Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up before driving may be able to save a few bucks off the medical payments premium.
  • Government Employees – Active or former government employment could provide a small rate reduction on Prelude insurance with a few insurance companies.
  • Driver Training Discounts – Completing a course that instructs on driving safety could possibly earn you a 5% discount if you qualify.
  • Save over 55 – Seniors may receive a discount up to 10% on Prelude insurance.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Resident Student – who are enrolled in a college that is more than 100 miles from home without a vehicle on campus can receive lower rates.
  • ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive and will save you 10% or more.
  • Paperless Signup – Many insurance companies give back up to $50 shop insurance coverage on the web.
  • Theft Deterent – Cars optioned with advanced anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.

One thing to note about discounts is that most discount credits are not given to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, insurance companies aren’t that generous.

To locate insurance companies with discount rates, follow this link.

Tailor your insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a perfect coverage plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that may help highlight whether or not you would benefit from an agent’s advice.

  • Should I buy full coverage?
  • I have a DUI can I still get coverage?
  • Do I have coverage when making deliveries for my home business?
  • What can I do if my company won’t pay a claim?
  • What if I total my 2001 Honda Prelude and owe more than it’s worth?
  • What is the rate difference between pleasure use and commuting?
  • Does coverage extend to Mexico or Canada?
  • Am I getting all the discounts available?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is my custom paint covered by insurance?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Coverages available on your auto insurance policy

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average auto insurance policy.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for bills like rehabilitation expenses, EMT expenses and pain medications. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as falling objects, damage from a tornado or hurricane, a broken windshield, hitting a deer and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision – Collision coverage pays for damage to your Prelude from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Liability coverages – Liability coverage will cover injuries or damage you cause to other people or property that is your fault. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage protects against things such as legal defense fees, repair costs for stationary objects, bail bonds, court costs and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Honda Prelude.

Since a lot of 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.

Smart consumers save more

We’ve covered some good ideas how you can lower your 2001 Honda Prelude insurance premium rates. It’s most important to understand that the more providers you compare, the better likelihood of getting the cheapest insurance coverage. Consumers could even find that the biggest savings come from the least-expected company. These companies may have significantly lower prices on certain market segments as compared to the big name companies such as Progressive or Geico.

The cheapest 2001 Honda Prelude insurance is available on the web in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not provide online quoting and usually these smaller companies only sell coverage through local independent agents.

As you prepare to switch companies, you should never reduce coverage to reduce premium. In too many instances, drivers have reduced physical damage coverage only to regret that the small savings ended up costing them much more. Your goal should be to get the best coverage possible at the lowest possible cost while not skimping on critical coverages.

Much more information about insurance coverage is available on the following sites: