Save on 2004 Honda S2000 Insurance Rates

Pretty sure you bought overpriced car insurance? It’s quite common and you’re not the only one. Due to the abundance of insurance companies to choose from, it’s difficult to pick the lowest price insurance company.

It’s important to compare rates yearly since prices are constantly changing. Just because you had the lowest price for S2000 insurance a few years ago you can probably find a lower rate today. You can find a lot of information about car insurance online, but you can learn the best ways to put money back in your pocket.

Do you qualify for discounts?

Insurance can cost an arm and a leg, but you may be missing some discounts to cut the cost considerably. Certain discounts will be triggered automatically when you quote, but occassionally some discounts must be specially asked for prior to receiving the credit.

• Early Signing – A few larger companies offer discounts for renewing your policy early. This can save 10% or more.
• Military Discounts – Being deployed in the military may lower your rates slightly.
• Low Mileage Discounts – Driving less could earn better prices on cars that stay parked.
• Accident-Free Discounts – Drivers with accident-free driving histories pay less as opposed to policyholders that have many claims.
• Memberships – Being in a qualifying organization could qualify you for a break on your next renewal.

We need to note that most discounts do not apply to the entire policy premium. A few only apply to individual premiums such as comp or med pay. Even though the math looks like you can get free auto insurance, you’re out of luck.

Companies and some of the premium reductions they offer are outlined below.

• State Farm includes discounts for defensive driving training, anti-theft, good driver, accident-free, driver’s education, and good student.
• Liberty Mutual may offer discounts for newly married, exclusive group savings, new graduate, newly retired, safety features, new vehicle discount, and new move discount.
• American Family has discounts for multi-vehicle, bundled insurance, good driver, mySafetyValet, good student, and Steer into Savings.
• Progressive has savings for good student, multi-policy, online signing, homeowner, continuous coverage, and online quote discount.
• Farmers Insurance discounts include teen driver, switch companies, early shopping, business and professional, pay in full, bundle discounts, and alternative fuel.
• Auto-Owners Insurance offers discounts including company car, safe vehicle, safe driver, student away at school, paid in full, and paperless.
• SAFECO offers discounts for teen safe driver, safe driver, drive less, teen safety rewards, anti-theft, accident prevention training, and anti-lock brakes.

Before buying, ask all companies you are considering which discounts can lower your rates. All car insurance discounts may not apply in every state. If you would like to view insurance companies with discount rates, follow this link.

Compare car insurance quotes

Comparing car insurance rates is a ton of work if you don’t utilize the best way to get rate quotes. You can waste a lot of time talking about coverages with local insurance agents in your area, or you can utilize online quotes to get rates in a matter of minutes.

Many popular insurance companies participate in a marketplace that allows shoppers to complete one form, and at least one company then gives them pricing based on that information. This saves time by eliminating quote requests to each individual car insurance company.

To submit your quote information now, click to open in new window.

The only drawback to getting quotes like this is you don’t know exactly which companies to get quotes from. If you wish to select specific providers to compare rates, we have a listing of the cheapest car insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just be sure to compare the same coverage limits with each company. If your comparisons have differing limits it will be next to impossible to get a fair rate comparison.

Don’t assume everyone needs the same insurance coverage

When choosing adequate coverage for your vehicles, there is no one size fits all plan. Every situation is different so your insurance should reflect that These are some specific questions may help you determine whether your personal situation might need professional guidance.

• Do I need replacement cost coverage?
• Can my babysitter drive my car?
• Is pleasure use cheaper than using my 2004 Honda S2000 to commute?
• Should I buy additional glass protection?
• Is my teenager covered with friends in the car?
• Can I afford to pay high deductible claims out of pocket?
• Can I make deliveries for my home business?
• How do I insure my teen driver?
• Do I need rental car coverage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.

Auto insurance policy coverages for a 2004 Honda S2000

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages found on the average auto insurance policy.

Auto liability

Liability coverage will cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as court costs, medical services and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like fire damage, damage from getting keyed, damage from flooding, theft and hitting a deer. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

Collision coverage will pay to fix damage to your S2000 resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, colliding with a tree, scraping a guard rail, hitting a parking meter and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses like rehabilitation expenses, surgery, dental work, hospital visits and doctor visits. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Affordable insurance is out there

Cheap 2004 Honda S2000 insurance is possible on the web in addition to local insurance agencies, so you need to quote car insurance with both so you have a total pricing picture. There are still a few companies who may not offer the ability to get a quote online and most of the time these smaller providers only sell coverage through independent insurance agents.

We just covered a lot of tips how to get a better price on 2004 Honda S2000 insurance. The key thing to remember is the more quotes you get, the higher your chance of finding the cheapest car insurance. Drivers may discover the best price on insurance coverage is with an unexpected company. Regional companies may often insure only within specific states and give getter rates compared to the large companies like State Farm and Allstate.

As you quote car insurance, do not buy lower coverage limits just to save a few bucks. In many cases, an insured cut physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

More information

• State Car Insurance Guides (Geico)
• Auto Insurance Basics (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• How do I File a Claim? (Insurance Information Insitute)