Compare 2007 Honda S2000 Insurance Rates

Want better car insurance rates for your Honda S2000? Being forced to pay for high-priced car insurance premiums can draw down your accounts and make it hard to pay other bills. Shopping your coverage around can help to lower your bills every month.

Online insurance companies like Geico, Farmers Insurance and State Farm continually hit you with advertising and consumers find it hard to ignore the propoganda and take the time to shop coverage around.

It’s a good idea to price shop coverage as often as possible because car insurance prices are usually higher with each renewal. Even if you think you had the lowest rates for S2000 insurance two years ago there is a good chance you can find better rate quotes now. Block out anything you think you know about car insurance because you’re going to learn how to use the internet to find better rates and still maintain coverage.

The method we recommend to compare car insurance rates is to know the fact most of the bigger providers participate in a system to give free rates quotes. The one thing you need to do is give the companies some data like how much education you have, if it has an alarm system, how much coverage you want, and if you lease or own. Your information is instantly submitted to many highly-rated insurers and they provide comparison quotes within a short period of time.

Discounts for lower-cost insurance coverage rates

Some insurers don’t always publicize all possible discounts in an easy-to-find place, so the below list has some of the best known and also the lesser-known credits that may apply to you.

• Driving Data Discount – Insureds that choose to allow companies to spy on driving manner remotely like Allstate’s Drivewise could see a rate decrease as long as they are good drivers.
• Save with More Vehicles Insured – Drivers who insure all your vehicles on the same insurance coverage policy can reduce the rates for all insured vehicles.
• Employee of Federal Government – Active or retired federal employment may qualify for a discount when you quote insurance for S2000 insurance depending on your insurance coverage provider.
• Passive Restraints and Air Bags – Vehicles with factory air bags can receive discounts of 20 to 30 percent.
• Paperwork-free – Certain insurance coverage companies will discount your bill up to fifty bucks for buying your policy on the internet.

Keep in mind that most discount credits are not given to all coverage premiums. Most only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, that’s just not realistic.

A list of companies and some of the premium reductions they offer are included below.

• AAA offers premium reductions for AAA membership discount, multi-car, education and occupation, good driver, pay-in-full, anti-theft, and multi-policy.
• Progressive policyholders can earn discounts including online quote discount, continuous coverage, multi-vehicle, good student, and homeowner.
• State Farm may offer discounts for safe vehicle, good driver, multiple policy, student away at school, and defensive driving training.
• Esurance offers discounts including online shopper, good driver, multi-car, DriveSense, and paid-in-full.
• Nationwide has savings for multi-policy, anti-theft, accident-free, Farm Bureau membership, and family plan.

Before you buy a policy, ask each company what discounts are available to you. Some credits might not be offered in your area. If you would like to choose from a list of insurance coverage companies with the best discounts, click here.

You may need specialized auto insurance coverage

When it comes to choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might point out whether you would benefit from professional advice.

• Am I covered when using my vehicle for business?
• Is business equipment covered while in my vehicle?
• How much underlying liability do I need for an umbrella policy?
• What is the ISO rating for a 2007 Honda S2000?
• When should my teen driver be added to my policy?
• Do I have coverage if my license is suspended?
• Do all my vehicles need collision coverage?
• How can I get my company to pay me more for my totalled car?
• What is medical payments coverage?
• What is an SR-22 filing?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance 101

Learning about specific coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages offered by auto insurance companies.

Collision coverage – Collision insurance pays for damage to your S2000 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Auto liability insurance – This coverage provides protection from damage that occurs to other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for 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 coverage pays for things such as loss of income, structural damage, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Honda S2000.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as funeral costs, EMT expenses, chiropractic care and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, fire damage, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.