2004 Acura NSX Car Insurance Rates – 9 Tips for Cheaper Quotes

As is typical with insurance, many deductions do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability and collision coverage. Even though it appears all the discounts add up to a free policy, it doesn’t quite work that way.

Companies and their possible discounts are included below.

• American Family may have discounts that include accident-free, bundled insurance, good student, early bird, good driver, and air bags.
• Farm Bureau offers discounts for multi-vehicle, 55 and retired, good student, driver training, safe driver, and multi-policy.
• State Farm discounts include safe vehicle, student away at school, multiple autos, Steer Clear safe driver discount, good student, driver’s education, and accident-free.
• Travelers has savings for new car, early quote, payment discounts, home ownership, and multi-policy.
• The Hartford may offer discounts for air bag, driver training, anti-theft, vehicle fuel type, and bundle.
• Geico includes discounts for anti-theft, defensive driver, good student, seat belt use, and anti-lock brakes.
• Progressive offers premium reductions for online quote discount, good student, multi-policy, online signing, continuous coverage, and homeowner.

When quoting, ask each company or agent how you can save money. Some discounts listed above may not be offered in your state.

It’s not one size fits all

When choosing proper insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

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

• What can I do if my company denied a claim?
• Should I have a commercial auto policy?
• What is the rate difference between pleasure use and commuting?
• How much can I save by bundling my policies?
• I have health insurance so do I need medical payments coverage?
• What is high-risk coverage and where do I buy it?
• Do I need rental car coverage?
• Do I have newly-aquired coverage?
• If I drive on a suspended license am I covered?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance companies are expert advertisers

Consumers get pounded daily by advertisements for auto insurance savings from companies such as Geico, State Farm and Progressive. All the companies make the point that people will save just by moving your policy.

How is it plausible that every one can charge you a lower premium? It’s all in the wording.

Insurance providers require specific criteria for the type of insured that will generate a profit. For instance, a driver they prefer could possibly be between the ages of 30 and 50, carries full coverage, and drives a vehicle with a low ISO rating. A driver that fits those parameters gets the lowest premium rates as well as pay quite a bit less when switching companies.

Drivers who are not a match for the requirements will get a higher rate and the customer not purchasing. If you listen closely, the ads state “drivers who switch” not “all people who quote” save the amount stated. This is how insurance companies can make those claims. Because of the profiling, you absolutely need to compare many company’s car insurance rates. It’s impossible to know which company will fit you best based on your risk profile.

Specific coverage details

Having a good grasp of your auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive coverages

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

Comprehensive coverage protects against claims such as hail damage, hitting a deer, damage from flooding, vandalism and falling objects. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as funeral costs, surgery, dental work and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage

This pays for damage to your NSX resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like scraping a guard rail, colliding with another moving vehicle, crashing into a building and backing into a parked car. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Acura NSX.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Liability coverages

Liability coverage provides protection from injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage protects against claims like legal defense fees, bail bonds and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Be a penny pincher

Drivers leave their current company for any number of reasons including an unsatisfactory settlement offer, delays in responding to claim requests, high rates after DUI convictions or even lack of trust in their agent. Whatever your reason, choosing a new insurance company is actually quite simple.

We just presented many tips how you can get a better price on 2004 Acura NSX insurance. The key thing to remember is the more times you quote, the higher your chance of finding the cheapest insurance coverage. You may even find the most savings is with a smaller regional carrier.

As you go through the steps to switch your coverage, make sure you don’t buy less coverage just to save a little money. There have been many situations where someone sacrificed uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your objective should be to find the BEST coverage at the best price, but do not sacrifice coverage to save money.

For more information, feel free to visit the following helpful articles:

• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• Frontal Crash Tests (iihs.org)
• Teen Driving Statistics (iihs.org)
• Determing Auto Insurance Rates (Geico)