Cheap 1997 Honda Prelude Insurance Cost

I can’t think of anyone who likes paying for insurance, especially knowing their premiums are through the roof.

Big-name insurance companies like Geico and Progressive promote their brand names with ad campaigns and consumers find it hard to see past the geckos and flying pigs and take the time to shop coverage around.

Your Honda Prelude insurance rate is a complex equation

Consumers need to have an understanding of the different types of things that help determine the rates you pay for insurance. Knowing what determines base rates enables informed choices that could result in big savings.

  • Higher safety ratings means cheaper insurance – Safer cars are cheaper to insure. Safe vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and thus lower rates. If the Honda Prelude earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Special features that cut premiums – Owning a car with an alarm system can help lower your rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Liability insurance protects assets – Liability insurance is the protection when you are found liable for damages caused by your negligence. It will provide legal defense starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so drivers should carry high limits.
  • Credit scores impact insurance rates – A driver’s credit score is a large factor in calculating your insurance rates. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have lower credit scores. If your credit score is low, you could be paying less to insure your 1997 Honda Prelude by improving your credit score.
  • Pay less if you’re married – Being married actually saves money on insurance. Marriage usually means you are more mature than a single person and it’s proven that married drivers get in fewer accidents.

The most recommended method to compare insurance rates in your area takes advantage of the fact most larger insurance companies provide online access to provide you with a free rate quote. To get started, all you need to do is provide a small amount of information such as if you are currently licensed, if the vehicle is leased, the make and model of your vehicles, and whether the vehicles are used for commuting. Your details is submitted instantly to many of the top insurers and they return rate quotes very quickly.

The fine print in insurance ads

Insurance providers like Geico, State Farm and Progressive continually stream television and radio advertisements. They all say the same thing that you’ll save big after switching to them. How do they all claim to save you money? It’s all in the numbers.

All companies are able to cherry pick for the right customer that earns them a profit. For instance, a driver they prefer could possibly be between 25 and 40, is a homeowner, and has a high credit rating. Any new insured that hits that “sweet spot” will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who don’t measure up to these standards must pay more money and ends up with the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that much. That’s the way insurance companies can confidently make the claims of big savings. This illustrates why drivers must get a wide range of price quotes. It’s just too difficult to predict which insurance companies will give you the biggest savings on Honda Prelude insurance.

Companies offer discounts so take them!

Companies that sell car insurance do not list every discount very well, so we researched some of the more common and the more hidden ways to save on insurance coverage.

  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Prelude insurance than less cautious drivers.
  • Multi-policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total premium.
  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Claim Free – Drivers who don’t have accidents pay much less when compared with drivers who are more careless.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts up to 30%.

Keep in mind that most of the big mark downs will not be given the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

For a list of insurance companies with the best insurance coverage discounts, click here to view.

Do I just need basic coverages?

When buying the right insurance coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions may help you determine whether you would benefit from professional advice.

  • Is business equipment covered while in my vehicle?
  • Does coverage extend to my business vehicle?
  • Should I put collision coverage on all my vehicles?
  • When would I need additional glass coverage?
  • Is a fancy paint job covered?
  • At what point should I drop full coverage?
  • Is my camper covered by my car insurance policy?
  • Should I bundle my homeowners policy with my auto?
  • Are my friends covered when driving my car?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Auto insurance 101

Understanding the coverages of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages found on most insurance policies.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like X-ray expenses, surgery, doctor visits, hospital visits and dental work. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Auto liability

This protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims such as repair costs for stationary objects, medical expenses and bail bonds. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Honda Prelude.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Coverage for collisions

This covers damage to your Prelude caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as theft, vandalism, a tree branch falling on your vehicle, damage from getting keyed and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Final considerations

When buying insurance coverage, you should never skimp on coverage in order to save money. In too many instances, an insured cut liability limits or collision coverage and found out when filing a claim they didn’t have enough coverage. Your aim should be to buy the best coverage you can find for the lowest price.

In this article, we presented a lot of information how to save on 1997 Honda Prelude insurance. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest premiums are with an unexpected company. Some small companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, Geico and Nationwide.

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