2000 Honda Prelude Car Insurance Rates – 9 Policy Discounts

Have you had enough of paying out the nose to insure your Honda every month? You are in the same boat as millions of other consumers. Drivers have so many insurers to buy insurance from, and even though it’s nice to have a choice, it makes it harder to compare rates.

It’s important to price shop coverage periodically because rates change frequently. Even if you think you had the best deal for Prelude coverage a few years ago you may be paying too much now. Ignore everything you know about insurance because you’re about to learn the proper way to find better coverage at a better price.

How to Get Insurance Comparison Quotes

Most major insurance companies such as Allstate, Geico and Progressive provide coverage price quotes directly from their websites. This process is pretty painless as you just type in your required coverages into a form. Once entered, their system automatically orders your driving record and credit report and returns a price quote based on these factors. This makes it a lot easier to compare rates but the time required to go to many different websites and complete many quote forms is not the best way to spend an afternoon. Unfortunately, it is important to perform this step if you want to find better insurance pricing.

The smarter way to lower your insurance bill is to use a quote form to return rates from several companies at one time. It saves time, reduces the work, and makes comparison shopping much easier to do. Once the form is submitted, it is quoted and you are able to buy any one of the returned quotes. If you find a better price you can click and sign and buy the policy. This process just takes a couple of minutes and could lower your rates considerably.

To save time and use this form to compare rates, click here and complete the simple form. To compare your current rates, we recommend you duplicate your coverages exactly as shown on your declarations page. This guarantees you will get rate quotes for the exact same coverage.

Switch companies and save? Really?

Drivers can’t get away from ads for car insurance savings from the likes of Allstate, Geico and Progressive. All the companies have a common claim that you’ll save big if you switch your coverage to them.

How do they all say the same thing?

All companies have a certain “appetite” for the driver that is profitable for them. A good example of a driver they prefer could possibly be over the age of 50, has no prior claims, and has great credit. A customer who matches those parameters will get the preferred rates and is almost guaranteed to save a lot of money.

Drivers who fall outside these standards will have to pay more money and this can result in business going elsewhere. The ads say “people who switch” not “everyone that quotes” save that kind of money. That’s the way companies can make the claims of big savings. Because of the profiling, it’s extremely important to get as many quotes as possible. It is impossible to predict the company that will fit your personal profile best.

Be sure to get all your discounts

Auto insurance companies do not list every discount in an easy-to-find place, so here is a list both well-publicized and the more hidden savings tricks you should be using. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Good Student – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Life Insurance – Some companies give a discount if you purchase auto and life insurance together.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Honda could be rewarded with better rates on cars that stay parked.
  • Government Employees – Active or retired federal employment can save as much as 8% for Prelude coverage with select insurance companies.
  • Early Switch Discount – A few companies offer discounts for switching to them before your current expiration date. It’s a savings of about 10%.
  • Accident Free – Claim-free drivers pay much less when compared to accident-prone drivers.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company qualifies for this discount.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more for Prelude coverage than drivers with accidents.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way.

A partial list of companies that possibly offer these discounts may include but are not limited to:

It’s a good idea to ask every prospective company which discounts you may be entitled to. Discounts might not be offered everywhere.

How do I know if I need professional advice?

When choosing the right insurance coverage, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether you will benefit from professional help.

  • Does my personal policy cover me when driving out-of-state?
  • Do I need replacement cost coverage?
  • Why do I only qualify for high-risk insurance?
  • Can I rate high risk drivers on liability-only vehicles?
  • Should I file a claim if it’s only slightly more than my deductible?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I buy additional glass protection?
  • Do I need motorclub coverage?
  • What is the difference between comprehensive and collision coverage?
  • Which companies will insure high-risk drivers?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Specific coverages for a 2000 Honda Prelude

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s 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. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverage – Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as emergency aid, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Comprehensive coverage – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hail damage, a broken windshield, theft and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for expenses for chiropractic care, pain medications and prosthetic devices. They are often used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision – This pays for damage to your Prelude resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a parking meter, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Never pay more for less

Throughout this article, we presented many tips how you can shop for 2000 Honda Prelude insurance online. The key thing to remember is the more you quote, the better chance you’ll have of finding lower rates. You may even find the lowest rates come from the least-expected company. They may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate, Geico and Progressive.

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at an affordable rate.

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