How Much Does 2004 Acura NSX Car Insurance Cost?

Having to pay for overpriced auto insurance can take a big chunk out of your checking account and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to lower your monthly bill. Multiple car insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies and get the definite lowest cost out there.

It’s a great practice to compare prices before your policy renews because insurance rates change regularly. Just because you found the lowest rates on NSX coverage last year other companies may now be cheaper. So ignore everything you know about auto insurance because you’re going to get a crash course in the fastest way to lower your annual insurance bill.

Acura NSX insurance rates consist of many parts

Smart consumers have a good feel for the different types of things that come into play when calculating your insurance coverage rates. Knowing what influences your rates enables informed choices that can help you get much lower annual insurance costs.

The list below includes some of the factors insurance coverage companies consider when setting your rates.

  • Battle of the sexes – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. Men and women cause accidents in similar percentages, but the male of the species cause more damage. Men also tend to get more serious tickets such as DWI and reckless driving. Teenage male drivers are several times more likely to be in an accident and thus pay the highest rates.
  • Rates may be higher depending on your occupation – Did you know your job can affect your rates? Jobs such as lawyers, business owners and dentists tend to pay the highest average rates attributed to job stress and long work days. Other occupations like scientists, historians and homemakers have the lowest average rates on NSX coverage.
  • Liability coverage is cheap – Liability coverage provides coverage in the event that a jury decides you are liable for causing damage or personal injury in an accident. It provides for a legal defense which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Frequent insurance coverage claims increase rates – Insurance companies award discounts to drivers who are claim-free. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is designed for the large, substantial claims.
  • How many coverages with the same company – Most insurers give discounts to people who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to compare rates to confirm you are receiving the best rates possible. You may still be able to find better rates by insuring with multiple companies.
  • Lower rates with optional equipment – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.

Which Insurance Coverage is Cheapest?

Most companies like GEICO, State Farm and Progressive give prices for coverage on their websites. This process is fairly simple as you just enter your coverage information into the quote form. Upon sending the form, the system sends out for your credit score and driving record and returns a price quote based on these and other factors. Online quotes makes it a lot easier to compare rates but having to visit many different websites and type in the same information can be a bit tiresome and repetitive. But it’s very important to do this if you are searching for better prices.

A less time-consuming method to compare insurance coverage pricing uses one simple form that analyzes rates from multiple companies. This type of form saves time, eliminates form submissions, and makes online price comparison much easier. After sending the form, it is rated and you are able to buy any of the pricing results.

If a lower price is quoted, you simply finish the application and buy the new coverage. It takes 15 minutes at the most and you will know how your current rates stack up.

To quickly fill out one form to compare multiple rates now, simply click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it’s recommended you input the coverages identical to your current policy. Using the same limits helps guarantee you will be getting a price comparison based on similar coverages.

Drivers who switch save $458 a year? Really?

Consumers get pounded daily by advertisements that promise big savings from the likes of GEICO, State Farm and Progressive. All the ads make the same claim about savings if you switch your coverage to them.

How can each company make the same claim? It’s all in the numbers.

All the different companies have a certain “appetite” for the right customer that makes them money. For example, a preferred risk might be profiled as over the age of 50, owns a home, and chooses high deductibles. Any driver who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Consumers who fall outside these standards will be charged higher prices and ends up with business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can claim big savings.

That is why you need to quote coverage with many companies. You cannot predict which insurance companies will provide you with the cheapest Acura NSX insurance rates.

These discounts can lower your rates

Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Some discounts apply automatically at the time of quoting, but some must be specially asked for prior to receiving the credit. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident before your rates go up as long as you don’t have any claims prior to the accident.
  • Homeowners Pay Less – Simply owning a home may trigger a car insurance policy discount because owning a home is proof that your finances are in order.
  • Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Organization Discounts – Being a member of a civic or occupational organization is a good way to get lower rates when buying car insurance on NSX coverage.

Consumers should know that most discount credits are not given the the whole policy. The majority will only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, it just doesn’t work that way. Any amount of discount will bring down your overall premium however.

A partial list of companies that may have these discounts include:

Check with each company which discounts they offer. Some discounts might not apply in every state.

Different people need different coverages

When it comes to choosing the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that can aid in determining if you could use an agent’s help.

  • How do I buy GAP insurance?
  • Does medical payments coverage apply to all occupants?
  • Am I better off with higher deductibles on my 2004 Acura NSX?
  • I don’t drive much so do I pay less?
  • Do I need replacement cost coverage?
  • What is an SR-22 filing?

If it’s difficult to answer those 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 may give you better protection.

Car insurance 101

Learning about specific coverages of car insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on the average car insurance policy.

Liability coverage

This coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not 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. As an example, you may have values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as loss of income, bail bonds, court costs, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage protection

This will pay to fix damage to your NSX resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, hitting a mailbox, driving through your garage door, colliding with a tree and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive car insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, theft, fire damage and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as dental work, nursing services and doctor visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Find Good Coverage for Less

We just covered a lot of ways to reduce 2004 Acura NSX insurance prices online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the best price on auto insurance is with the least-expected company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Progressive and GEICO.

When shopping online for auto insurance, do not reduce coverage to reduce premium. In many cases, someone dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. Your strategy should be to buy enough coverage at an affordable rate while still protecting your assets.

Much more information about auto insurance can be found at these links: