2001 Honda S2000 Insurance Rates – 7 Ideas for Cheapest Quotes

Comparing insurance quotes online can seem complicated if you are one of the many people who have never used online price quotes. But don’t give up because using the internet to shop for car insurance is actually quite easy.

You should take the time to check car insurance prices at least once a year because prices change quite often. Just because you had the lowest rate for S2000 coverage a few years ago other companies may now be cheaper. Block out anything you think you know about car insurance because we’re going to demonstrate the only way to buy cheaper car insurance.

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using this information. Shopping for more affordable coverage is quite easy. But consumers should learn how the larger insurance companies price insurance differently and use this information to your advantage.

Get cheaper insurance coverage with discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that you may not even know about. Many discounts should be triggered at quote time, but some may not be applied and must be specifically requested before you get the savings. If you aren’t receiving every discount you deserve, you are throwing money away.

• Waiver for an Accident – but certain companies will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
• Good Student – This discount can save 20 to 25%. You can use this discount normally up until you turn 25.
• Safety Course Discount – Taking time to complete a course in defensive driver may get you a small discount and easily pay for the cost of the class.
• Auto/Home Discount – If you insure your home and vehicles with one company you could earn a discount of over 10 percent off each policy depending on the company.
• 55 and Retired – Drivers that qualify as senior citizens may qualify for a small decrease in premiums for S2000 coverage.
• Safe Driver Discounts – Accident-free drivers can save up to 40% or more on their insurance quote for S2000 coverage than their less cautious counterparts.
• Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save a little on medical payment and PIP coverage.

You should keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, nobody gets a free ride.

A list of insurance coverage companies and some of the discounts include:

• State Farm discounts include multiple policy, good driver, safe vehicle, driver’s education, and anti-theft.
• Geico offers discounts for seat belt use, federal employee, military active duty, driver training, and membership and employees.
• Allstate offers discounts including passive restraint, 55 and retired, premier discount, good payer, good student, and anti-theft.
• SAFECO may include discounts for bundle discounts, multi-car, anti-lock brakes, accident prevention training, teen safe driver, and safe driver.
• Farm Bureau may have discounts that include 55 and retired, driver training, youthful driver, safe driver, multi-vehicle, multi-policy, and good student.
• Progressive has savings for online quote discount, multi-vehicle, multi-policy, continuous coverage, good student, homeowner, and online signing.
• AAA offers premium reductions for multi-car, AAA membership discount, anti-theft, multi-policy, education and occupation, pay-in-full, and good driver.

When quoting, ask every company to apply every possible discount. Discounts may not apply in every state. To view companies with the best discounts, follow this link.

How to get cheap insurance coverage

Most major insurance companies allow consumers to get prices for coverage direct online. This process is pretty painless because you just enter the amount of coverage you want as detailed in the form. Once you submit the form, their system orders information on your driving record and credit history and generates pricing information determined by many factors.

Quoting online makes it simple to compare prices but having to visit multiple sites and type in your information is a big time waster. But it’s absolutely necessary to compare as many rates as possible if you want to find lower prices.

Online rates the easy way

The easiest way to lower your rates uses one simple form to get prices from multiple companies. It’s a real time-saver, helps eliminate reptitive entry, and makes rate comparisons much more efficient. Immediately after submitting the form, it gets priced and you are able to buy any one of the quote results. If the quotes result in lower rates, you can click and sign and purchase coverage. This process only takes a few minutes and may result in a nice savings.

To save time and compare rates now, simply click here to open in new window and fill out the form. To compare your current rates, we recommend you input exactly as shown on your declarations page. This way, you will get rate comparison quotes based on similar coverages.

Tailor your insurance coverage coverage to you

When buying adequate coverage, there really is not a best way to insure your cars. Every situation is different.

Here are some questions about coverages that may help highlight if your insurance needs would benefit from an agent’s advice.

• Is my trailer covered?
• How much liability do I need to cover my assets?
• When should I buy a commercial auto policy?
• Do I need roadside assistance coverage?
• Why is insurance for a teen driver so high?
• Is my teen driver covered when they drive my company car?
• Are my friends covered when driving my car?
• Can I afford low physical damage deductibles?
• What exactly is covered by my policy?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form.

What auto insurance coverages do you need?

Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Honda S2000.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability insurance

Liability insurance protects you from damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage pays for claims like legal defense fees, court costs, medical services, medical expenses and loss of income. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Collision insurance

This pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as crashing into a building, crashing into a ditch, sideswiping another vehicle, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Coverage for medical payments

Med pay and PIP coverage provide coverage for immediate expenses for surgery, doctor visits and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like theft, damage from getting keyed, a tree branch falling on your vehicle, damage from a tornado or hurricane and vandalism. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Stretch your dollar

When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. There are too many instances where consumers will sacrifice collision coverage only to regret that the small savings ended up costing them much more. The goal is to get the best coverage possible for the lowest price and still be able to protect your assets.

In this article, we covered quite a bit of information on how to save on 2001 Honda S2000 insurance. The key thing to remember is the more you quote insurance, the higher the chance of saving money. You may be surprised to find that the best rates are with a small mutual company.

Affordable 2001 Honda S2000 insurance can be found online in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection. Some insurance companies do not offer online quoting and many times these regional insurance providers work with independent agents.

More resources

• Choosing an Insurance Company (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Senior Drivers (Insurance Information Insitute)
• Auto Insurance 101 (About.com)