Are you sick and tired of not being able to afford to pay your car insurance bill each month? You are in the same boat as millions of other consumers. Having so many choices, it can be impossible to pick the right car insurance company.
It’s a great practice to compare prices periodically because rates tend to go up over time. Even if you got the best rates on Prelude coverage a couple years back you may be paying too much now. Starting right now, ignore everything you know about car insurance because it’s time to teach you one of the easiest ways to properly buy coverages and cut your premium.
This information will instruct you on how to effectively get price quotes and some tricks to saving. If you are paying for car insurance now, you should be able to lower your premiums substantially using this information. Vehicle owners only need to know the best way to compare prices online.
Lower rates by qualifying for discounts
Properly insuring your vehicles can get expensive, but there could be available discounts to reduce the price significantly. Some discounts apply automatically at the time of purchase, but a few must be asked for in order for you to get them. If they aren’t giving you every credit possible, you’re paying more than you need to.
- Good Students Pay Less – This discount can be rewarded with saving of up to 25%. The discount lasts until age 25.
- Safety Course Discount – Completing a course in driver safety could possibly earn you a 5% discount depending on where you live.
- Accident Waiver – Some insurance companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
- Driver’s Ed – Require your teen driver to complete a driver education course if offered at their school.
- Low Mileage Discounts – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
- Service Members Pay Less – Having a family member in the military can result in better rates.
- Sign Early and Save – Select companies give a discount for switching to them before your current policy expires. It can save you around 10%.
- Bundle and Save – If you have multiple policies with the same company you may save approximately 10% to 15%.
- Homeowners Discount – Owning a home may earn you a small savings because owning a home demonstrates responsibility.
- Federal Employees – Being employed by or retired from a federal job can save as much as 8% on Prelude coverage with a few car insurance companies.
A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, you’re out of luck. But all discounts will cut your premiums.
How to Buy Car Insurance Online
Reducing your Honda Prelude insurance rates can be surprisingly simple. Consumers just need to spend a little time to get quotes online from several insurance companies. This can be accomplished in several different ways.
- The easiest and least time consuming way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating separate forms for each company. One quote request compares rates from several companies.
- A different way to analyze rates is to manually visit the website of each company to request a price quote. For example, we’ll assume you want comparison quotes from State Farm, Farmers and American Family. To find out each rate you need to spend time on each company’s site and enter your information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.
It’s your choice how you get your quotes, but make absolute certain that you use identical coverages with each company. If you enter higher or lower deductibles then you won’t be able to make a fair comparison for your Honda Prelude.
Honda Prelude insurance rates are influenced by…
An important part of buying insurance is that you know the factors that play a part in calculating the rates you pay for car insurance. Knowing what determines base rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
Shown below are some of the factors used by your company to calculate rates.
- Liability coverage protects you – Liability insurance provides coverage if ever you are found to be at fault for causing damage or personal injury in an accident. It will provide you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
- Do you know you’re credit rating? – Your credit rating is a large factor in determining your rates. People with good credit tend to be more responsible than drivers with poor credit. So if your credit history can use some improvement, you could potentially save money when insuring your Honda Prelude by improving your credit score.
- Being married is a good thing – Getting married can get you a discount on car insurance. Having a spouse means you’re more responsible and statistics show married drivers get in fewer accidents.
- Tickets mean higher rates – Whether or not you get tickets has a big impact on rates. Drivers with clean records have lower premiums than people who have multiple driving citations. Even a single ticket may increase your cost forty percent or more. Drivers with severe tickets such as hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
- High numbers of claims are not good – If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies generally give discounts to policyholders who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of the large, substantial claims.
- Men pay higher rates – Statistics have proven women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Women and men have accidents in similar percentages, but the males have costlier accidents. They also have more aggressive citations like reckless driving and DUI. Young males tend to get in the most accidents and therefore are the most expensive to insure.
- Lower rates with optional equipment – Choosing a vehicle with an alarm system can save you a little every year. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
- Do you qualify for a multi-policy discount? – Most insurers give discounts to people who consolidate policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to comparison shop to verify if the discount is saving money.
Car insurance is unique, just like you
When it comes to choosing adequate coverage, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.
- What is the minimum liability in my state?
- What are no-fault laws?
- Do all my vehicles need collision coverage?
- Why am I required to get a high-risk car insurance policy?
- What is covered by UM/UIM coverage?
- Where can I get insurance after a DUI in my state?
- Should I sign the liability waiver when renting a car?
- Will I be non-renewed for getting a DUI or other conviction?
- Can I rate high risk drivers on liability-only vehicles?
- Am I covered if I drive in a foreign country?
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.
Buy online or local, you save
In this article, we presented quite a bit of information on how to save on Honda Prelude insurance. The key thing to remember is the more times you quote, the higher your chance of finding lower rates. Drivers may discover the best prices are with some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower rates as compared to the big name companies such as State Farm or Progressive.
When buying insurance coverage, you should never buy less coverage just to save a little money. There are many occasions where drivers have reduced uninsured motorist or liability limits and learned later that it was a big mistake. The proper strategy is to buy enough coverage at an affordable rate while still protecting your assets.
