Lower Your 2004 Honda S2000 Insurance Quotes

Looking for cheaper insurance coverage rates for your Honda S2000? I can’t think of a single person who enjoys paying for insurance coverage, especially when their premiums are through the roof.

Drivers have multiple auto insurance companies to purchase coverage from, and although it’s nice to have a choice, it makes it harder to find the best rates for your vehicles.

It’s a good habit to check insurance coverage prices before your policy renews since insurance rates tend to go up over time. If you had the lowest rates for S2000 coverage last year other companies may now be cheaper. Forget all the misinformation about insurance coverage because we’re going to demonstrate the right way to reduce your cost while improving coverage.

Finding affordable coverage is quite easy. If you have car insurance now, you will most likely be able to save some money using these methods. But car owners need to learn how the larger insurance companies sell insurance online and take advantage of how the system works.

These factors can influence Honda S2000 insurance rates

It’s important that you understand some of the elements that go into determining car insurance rates. Knowing what influences your rates enables informed choices that will entitle you to better car insurance rates.

Listed below are a few of the “ingredients” car insurance companies consider when setting prices.

  • More claims means more premium – If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Auto insurance companies give lower rates to policyholders who file claims infrequently. Car insurance is intended for the large, substantial claims.
  • Add-on coverages can add up – There are quite a few add-on coverages that you can get tricked into buying if you aren’t careful. Things like vanishing deductibles, accidental death and motor club memberships may be costing you every month. These may sound like a good investment when talking to your agent, but if you don’t need them remove them from your policy.
  • A clean driving record saves money – A bad driving record has a huge affect on how much you pay. Even one ticket can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance compared to drivers with tickets. If you have flagrant violations such as reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to keep their license.
  • Where you live can impact rates – Living in a small town can be a good thing when talking about car insurance. Fewer drivers means reduced accidents as well as less vandalism and auto theft. Urban drivers have much more traffic to deal with and longer commute times. More time commuting means more change of being in an accident.
  • Rates may be higher depending on your occupation – Occupations like judges, executives and dentists have the highest average rates because of high stress levels and lots of time spent at work. Other occupations such as pilots, historians and retirees get better rates for S2000 coverage.
  • No coverage gaps is important – Not having insurance is illegal and your next policy will cost more because you let your insurance expire. Not only will rates go up, getting caught without coverage may earn you a steep fine or even jail time.Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Mature drivers pay less – Teenage drivers have a tendency to be careless and easily distracted when driving so car insurance rates are higher. Parents adding a youthful driver to your car insurance policy can break the bank. More mature drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel.
  • Your car’s features help determine rates – Driving a car that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.

Quick Insurance Quotes

There are several ways to shop for Honda S2000 insurance, but some are more efficient than others. You can waste a few hours (or days) talking to insurance companies in your area, or you could save time and use the internet to accomplish the same thing much quicker.

All the larger companies belong to an insurance system that enables customers to submit one quote, and at least one company then returns a price quote for coverage. This eliminates the need for repetitive form submissions to each company.

To access this free quoting program, click here to open in new window.

The one downside to using this type of system is you don’t know exactly the insurers you will receive quotes from. If you wish to select from a list of companies to request quotes from, we have a listing of insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just compare exactly the same coverages and limits for each price quote. If each company quotes different values for each quote you will not be able to determine the best price for your Honda S2000. Just a small difference in insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, getting more free quotes will increase your chances of finding the best rates.

How can Allstate and Progressive save drivers who switch?

Insurance coverage providers like Allstate and Progressive constantly bombard you with ads on television and other media. They all make the same claim that you’ll save big if you switch to them. How do they all make the same claim? It’s all in the numbers.

All the different companies have a certain “appetite” for the type of customer that is profitable for them. A good example of a profitable customer might be between the ages of 40 and 55, has no prior claims, and chooses high deductibles. A driver who meets those qualifications will get very good rates and therefore will cut their rates substantially.

Potential customers who fall outside these standards will be quoted higher premiums which usually ends up with business not being written. The ads say “customers that switch” not “people who quote” save that much. This is how insurance companies can claim big savings. This emphasizes why you should get a wide range of price quotes. It is impossible to predict which insurance companies will give you the biggest savings on Honda S2000 insurance.

Take discounts and save

Companies offering auto insurance don’t always list every discount in a way that’s easy to find, so we took the time to find both well-publicized and the harder-to-find discounts you could be receiving.

  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Passive Restraints – Cars that have air bags can get savings of more than 20%.
  • Good Student – Getting good grades can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Paperless Signup – A handful of insurance companies may give you up to $50 simply for signing on their website.
  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% for S2000 coverage depending on your company.
  • College Student – Children who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Driver’s Ed – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase life insurance.

Keep in mind that most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

For a list of providers with the best insurance coverage discounts, follow this link.

Which policy gives me the best coverage?

When it comes to choosing coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine if your insurance needs will benefit from professional help.

  • Is business property covered if stolen from my car?
  • When should I remove comp and collision on my 2004 Honda S2000?
  • How can I get my company to pay me more for my totalled car?
  • Is a new car covered when I drive it off the dealer lot?
  • What can I do if my company denied a claim?
  • Am I missing any policy discounts?
  • Where can I find high-risk insurance?
  • Is there coverage for injuries to my pets?
  • When would I need rental car insurance?
  • Do all my vehicles need collision coverage?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

The coverage is in the details

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on the average insurance policy.

Comprehensive auto coverage

This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, fire damage, a broken windshield and theft. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability

Liability coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things such as legal defense fees, attorney fees, pain and suffering and structural damage. How much coverage you buy is up to you, but you should buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Honda S2000.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage

Collision coverage will pay to fix damage to your S2000 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like hitting a parking meter, sustaining damage from a pot hole, crashing into a building, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for bills such as EMT expenses, nursing services, doctor visits, dental work and prosthetic devices. They are used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Affordable insurance is out there

Lower-priced 2004 Honda S2000 insurance is available both online as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers don’t offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

You just read some good ideas how to shop for insurance online. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the best price on insurance is with the smaller companies. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as State Farm and Allstate.

More detailed insurance information can be read at these sites: