Compare 2004 Honda S2000 Insurance Quotes

Searching for better insurance rates for your Honda S2000? Expensive insurance can overdraw your savings account and force you to prioritize other expenses. Comparing price quotes is free, only takes a few minutes, and is a good way to cut your insurance bill. You have multiple insurance companies to choose from, and though it is a good thing to have a choice, it can be more challenging to get the best deal.

Finding affordable coverage is not that difficult. If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using these methods. Vehicle owners only need to know the proper methods to compare price quotes on the web.

Free Quotes for Insurance Coverage

Finding a better price on insurance coverage is surprisingly easy. Drivers just need to spend a few minutes on the computer comparing price quotes from different insurance companies. This can be done in just a few minutes using one of these methods.

  1. The recommended way consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This method saves time by eliminating repetitive form submissions for each company. One quote request will get you rate comparisons instantly.
  2. A more difficult way to analyze rates is going to the website of each company to complete their respective quote request forms. For examples sake, let’s assume you want comparison quotes from Farmers, GEICO and State Farm. To get each rate you have to spend time on each company’s site and enter your information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but compare the exact same coverages and limits on every quote you get. If you have unequal deductibles or liability limits it’s not possible to determine which rate is truly the best.

How to reduce 2004 Honda S2000 insurance rates

Companies don’t always advertise every discount very clearly, so we researched both the well known and also the lesser-known ways to save on insurance. If you’re not getting every credit you deserve, you are throwing money away.

  • Sign Online – A few companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Clubs and Organizations – Affiliation with a qualifying organization may earn a discount when buying insurance for S2000 insurance.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on the same insurance policy could earn a price break for each car.
  • Passive Restraints – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Sign Early and Save – A few companies offer discounts for switching policies before your current policy expires. It can save you around 10%.

Keep in mind that some credits don’t apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. So despite the fact that it appears you could get a free insurance policy, you’re out of luck.

To see a list of providers offering insurance discounts, click here.

Tailor your coverage to you

When choosing adequate coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation could use an agent’s help.

  • Where can I find high-risk insurance?
  • Can I drive in Mexico and have coverage?
  • Is my Honda S2000 covered if I use it for business?
  • Is business property covered if stolen from my car?
  • Should I have combined single limit or split liability limits?
  • Do I need PIP coverage since I have good health insurance?
  • Does coverage extend to my business vehicle?
  • Do I need motorclub coverage?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

What determines your Honda S2000 insurance premium

It’s important that you understand the rating factors that play a part in calculating your insurance rates. Understanding what determines base rates helps enable you to make changes that may reward you with lower insurance prices.

Shown below are a few of the “ingredients” that factor into rates.

  • An active claims history can cost you – If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance companies award cheaper rates to insureds who file claims infrequently. Car insurance is intended for major claims that would cause financial hardship.
  • Never allow your policy to lapse – Having an insurance coverage lapse will be a fast way to increase your insurance rates. And not only will your rates increase, getting caught without coverage might get you a hefty fine and possibly a revoked license.
  • Drive less and save money – The more miles you rack up on your Honda in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based on their usage. Vehicles not used for work or commuting receive lower rates than those used for commuting. Ask your agent if your insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your S2000 can result in significantly higher rates.
  • Having a spouse can save you money – Having a wife or husband can actually save you money when buying insurance. Having a significant other usually means you are more mature and it’s statistically proven that married couples file fewer claims.
  • Rural vs Urban Areas – Living in a rural area is a positive aspect when insuring your vehicles. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Fewer drivers translates into fewer accidents.

Save 15 percent in 15 minutes? Is it for real?

Consumers constantly see and hear ads that promise big savings from the likes of Progressive, GEICO, Allstate and State Farm. All the companies make the same claim about savings if you move your coverage to them.

But how can every company claim to save you money? It’s all in the numbers.

Different companies have a preferred profile for the driver that is profitable for them. An example of a desirable insured could be over the age of 50, insures multiple vehicles, and drives less than 10,000 miles a year. Any new insured that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential customers who don’t measure up to the “perfect” profile will have to pay higher prices which leads to business going elsewhere. The ads state “drivers who switch” not “people who quote” save that kind of money. This is how insurance companies can confidently state the savings. Because of the profiling, it is so important to compare many company’s rates. It’s not possible to predict the company that will provide you with the cheapest Honda S2000 insurance rates.

Auto insurance coverages and their meanings

Knowing the specifics of your auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from auto insurance companies.

Liability car insurance

This provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against claims from other people, and 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 liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as medical services, loss of income, structural damage and bail bonds. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Coverage for uninsured or underinsured drivers

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Honda S2000.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive auto insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, a tree branch falling on your vehicle, hitting a deer, hitting a bird and theft. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical expenses

Med pay and PIP coverage kick in for immediate expenses for EMT expenses, doctor visits and chiropractic care. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Coverage for collisions

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like driving through your garage door, colliding with another moving vehicle, damaging your car on a curb, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Be a Smart Shopper

Cheap 2004 Honda S2000 insurance is available on the web and with local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer you the ability to get quotes online and these smaller companies work with independent agents.

We just presented some good ideas how you can get a better price on insurance. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the lowest premiums are with a lesser-known regional company. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

Much more information about insurance can be read on the following sites: