2003 Honda S2000 Insurance Quotes

Consumers have many options when looking for low-cost Honda S2000 insurance. You can either spend your time contacting agents to compare prices or utilize the internet to find the lowest rates.

There is a better way to buy insurance coverage so you’re going to learn the quickest way to compare rates for your Honda and obtain the lowest possible price from local insurance agents and online providers.

It is always a good idea to compare prices occasionally because prices change quite often. Despite the fact that you may have had the lowest price for S2000 coverage a few years ago you can probably find a lower rate today. Block out anything you think you know about insurance coverage because you’re about to learn how to use online quotes to properly buy coverages while reducing your premium.

If you have insurance now or are looking for a new policy, you will benefit by learning to cut your premiums while maintaining coverages. The purpose of this post is to help you learn how to effectively get price quotes and some tips to save money. Vehicle owners only need an understanding of the most efficient way to shop online.

Take advantage of discounts

The cost of insuring your cars can be expensive, but companies offer discounts that can drop the cost substantially. Certain discounts will be applied at the time of purchase, but some must be specifically requested before you will receive the discount. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Low Mileage Discounts – Keeping the miles down on your Honda could be rewarded with better rates on cars that stay parked.
  • Discount for Good Grades – Getting good grades can save 20 to 25%. The good student discount can last up until you turn 25.
  • Discount for Swiching Early – Select companies give a discount for switching to them prior to your current policy expiration. The savings is around 10%.
  • No Charge for an Accident – A handful of insurance companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Own a Home – Simply owning a home can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates for S2000 coverage than less cautious drivers.
  • Driver’s Ed – Have your child take driver’s ed class in high school.

Consumers should know that some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as comp or med pay. So when it seems like you would end up receiving a 100% discount, you’re out of luck. But all discounts will help reduce your overall premium however.

A partial list of companies that possibly offer these money-saving discounts are:

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

Automobile Insurance Quotes

There are a lot of ways to compare insurance coverage quotes, but one way is less time-consuming than others. You can waste a lot of time driving to local insurance agents in your area, or you can stay home and use online quoting to achieve your goal.

All the larger companies participate in an industry program that allows shoppers to send in one quote, and each participating company then gives them pricing based on that data. This saves time by eliminating quote forms for every insurance coverage company.

To participate in this free quote system, click to open in new window.

The one disadvantage to using this type of system is buyers cannot specifically choose the providers you want to price. If you wish to select individual companies to compare, we have assembled a list of insurance coverage companies in your area. Click to view list.

It’s up to you how you get prices quotes, just make absolute certain that you use exactly the same coverages on every quote you get. If you use unequal deductibles or liability limits it will be very difficult to determine the best price for your Honda S2000.

Impacting insurance rates for a Honda S2000

An important part of buying insurance is that you know the factors that come into play when calculating car insurance rates. Having a good understanding of what determines base rates enables informed choices that will entitle you to lower car insurance prices.

The list below includes some of the factors car insurance companies consider when setting prices.

  • Too many car insurance claims drive up costs – If you frequently file small claims, you can definitely plan on higher rates. Car insurance companies generally give lower rates to drivers who are claim-free. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
  • Lower deductibles cost more – Your deductibles define the amount you are required to spend out-of-pocket before your car insurance pays a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be running into the backend of another car, vandalism, and burglary. The more money you are required to pay out-of-pocket, the bigger discount you will receive for S2000 coverage.
  • Your job and insurance rates – Did you know your car insurance rates can be affected by your occupation? Careers like doctors, social workers and accountants tend to pay higher rates than average because of high stress and long work hours. On the flip side, occupations such as actors, athletes and performers have the lowest average rates for S2000 coverage.
  • Extra add-on coverages are wasting money – There are a ton of add-on coverages you can purchase if you aren’t careful. Insurance for personal injury protection, better glass coverage and membership fees may be costing you every month. These may sound like a good investment initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Bad driving skills means higher rates – Your driving record has a huge affect on how much you pay. Drivers who don’t get tickets have lower premiums than people who have multiple driving citations. Only having one moving violation can bump up the cost by twenty percent. Drivers who get severe violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.

How to know if you need help

When it comes to choosing coverage, there isn’t really a perfect coverage plan. Every situation is different.

For instance, these questions may help you determine if you would benefit from professional advice.

  • Is my state a no-fault state?
  • Can I still get insurance after a DUI?
  • Can I make deliveries for my home business?
  • Do I benefit by insuring my home with the same company?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I need replacement cost coverage?
  • Should I have a commercial auto policy?
  • Where can I find DUI or SR-22 insurance?
  • Can my teen driver be rated on a liability-only vehicle?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Parts of your car insurance policy

Learning about specific coverages of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Honda S2000.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP pay for short-term medical expenses such as rehabilitation expenses, chiropractic care, EMT expenses, X-ray expenses and nursing services. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Collision – Collision insurance covers damage to your S2000 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with another moving vehicle, scraping a guard rail, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, falling objects, damage from flooding and vandalism. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability auto insurance – This protects you from damage that occurs to other’s property or people in an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like emergency aid, structural damage, legal defense fees and court costs. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Power to the consumer

People who switch companies do it for any number of reasons including lack of trust in their agent, unfair underwriting practices, poor customer service and not issuing a premium refund. Regardless of your reason for switching companies, finding a new company can be pretty painless.

The cheapest 2003 Honda S2000 insurance is attainable online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not offer online quoting and these smaller companies work with independent agents.

You just learned some good ideas how to compare insurance prices online. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding lower rates. You may be surprised to find that the most savings is with a company that doesn’t do a lot of advertising.

Much more information about insurance coverage can be read below: