How Much Does 1992 Honda Prelude Insurance Cost?

Want the cheapest insurance coverage rates for your Honda Prelude? Are you tired of trying to scrape together enough money each month for car insurance? You are in the same boat as the majority of other car owners. Drivers have multiple insurance companies to choose from, and although it’s a good thing to have a choice, too many choices makes it more difficult to compare rates.

It’s important to shop coverage around periodically because insurance rates are variable and change quite frequently. Even if you got the best price for Prelude insurance two years ago there is a good chance you can find better rates now. Starting right now, block out anything you think you know about insurance coverage because it’s time to teach you the quickest way to find better rates and still maintain coverage.

How to save on 1992 Honda Prelude insurance

Insuring your vehicles can cost a lot, but you may find discounts that you may not know about. Certain discounts will be applied when you quote, but some must be inquired about before being credited. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Bundle and Save – When you combine your home and auto insurance with the same company you will save at least 10% off all policies.
  • Low Mileage – Fewer annual miles on your Honda could be rewarded with lower rates on the low mileage vehicles.
  • Early Switch Discount – A few companies offer discounts for switching to them before your current policy expires. It’s a savings of about 10%.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.
  • Sign Online – Some insurance companies give back up to $50 just for signing your application digitally online.
  • Save with a New Car – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • College Student – Any of your kids living away from home attending college and do not have a car may qualify for this discount.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less for Prelude insurance than their less cautious counterparts.

Drivers should understand that some credits don’t apply to the overall cost of the policy. A few only apply to specific coverage prices like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, insurance companies aren’t that generous. Any amount of discount will cut the amount you have to pay.

Insurance companies that may have some of the above discounts include:

Double check with all companies you are considering which discounts they offer. All car insurance discounts may not apply everywhere.

Tailor your coverage to you

When buying coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can help discover if your insurance needs might need an agent’s assistance.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Why am I required to buy liability insurance?
  • Do I need replacement cost coverage on my 1992 Honda Prelude?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Buyer beware of insurance coverage advertising tricks

Consumers get pounded daily by advertisements for cheaper car insurance from companies such as State Farm, GEICO and Progressive. All the companies have a common claim that you’ll save big if you change your policy.

How do they all make the same claim?

All the different companies are able to cherry pick for the driver that earns them a profit. An example of a driver they prefer might be a mature driver, owns a home, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters gets the lowest rates and as a result will probably cut their rates substantially.

Potential customers who don’t measure up to these standards will have to pay more money which usually ends up with the driver buying from a lower-cost company. The ads say “people who switch” but not “drivers who get quotes” save that much money. This is how insurance companies can make the claims of big savings.

Because of the profiling, you should get quotes from several different companies. Because you never know which insurance coverage company will fit your personal profile best.

Insurance coverages explained

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by insurance companies.

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, falling objects, hitting a deer, fire damage and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – This pays for damage to your Prelude resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as driving through your garage door, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability insurance – This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as repair bills for other people’s vehicles, funeral expenses and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Honda Prelude.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like hospital visits, rehabilitation expenses, nursing services and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Be Smart and Buy Smart

Cost effective 1992 Honda Prelude insurance can be found both online in addition to many insurance agents, so compare prices from both in order to have the best price selection to choose from. Some insurance providers do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

As you prepare to switch companies, never reduce needed coverages to save money. Too many times, consumers will sacrifice comprehensive coverage or liability limits and learned later that the small savings ended up costing them much more. Your strategy should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

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