2009 Honda S2000 Car Insurance Quotes – 7 Savings Tips

Trying to find the cheapest car insurance rates for your Honda S2000? Cutting costs on car insurance could be frustrating for drivers who have little experience quoting and comparing prices online. With so many online companies available, it can easily become more work than you anticipated to find cheaper car insurance rates.

Smart consumers take time to do rate comparisons every six months since prices change frequently. Even if you think you had the best deal on S2000 coverage a couple years back other companies may now be cheaper. There is a lot of bad advice regarding car insurance out there, but in this article, you’re going to get the best ways to find cheap car insurance.

Insurance coverage quotes and discounts

Some providers don’t always publicize all disounts very clearly, so we researched a few of the more well known as well as some of the hidden discounts that may be available.

  • Distant Student Discount – Youth drivers who live away from home at college and won’t have access to an insured vehicle can receive lower rates.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% on S2000 coverage with a few insurance coverage companies.
  • No Claim Discounts – Insureds who avoid accidents and claims can save substantially when compared to bad drivers.
  • Paperwork-free – A few larger online companies will give a small break simply for signing digitally online.
  • Low Miles Discount – Maintaining low annual mileage may enable drivers to earn cheaper insurance coveragerates.
  • Data Collection Discounts – Insureds that choose to allow data collection to scrutinize driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as the data is positive.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, it’s just not the way it works.

Large insurance coverage companies and their offered discounts are shown below.

  • Geico discounts include seat belt use, five-year accident-free, air bags, defensive driver, military active duty, anti-lock brakes, and daytime running lights.
  • Auto-Owners Insurance offers discounts for air bags, paperless, anti-lock brakes, multi-policy, and student away at school.
  • American Family has discounts for air bags, TimeAway discount, mySafetyValet, accident-free, bundled insurance, early bird, and good driver.
  • Esurance policyholders can earn discounts including multi-policy, good student, safety device, renters, and multi-car.
  • Progressive may have discounts that include online signing, homeowner, multi-policy, good student, and continuous coverage.
  • State Farm may offer discounts for good student, safe vehicle, multiple autos, multiple policy, and passive restraint.
  • AAA offers premium reductions for multi-policy, good student, anti-theft, AAA membership discount, good driver, multi-car, and pay-in-full.

When getting a coverage quote, ask every prospective company to apply every possible discount. Some discounts might not apply in your area. For a list of insurance companies that provide some of the discounts listed above, click here.

Situations that may require an agent’s advice

When it comes to choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions may help highlight if your insurance needs could use an agent’s help.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Does my medical payments coverage pay my health insurance deductible?
  • Should I put collision coverage on all my vehicles?
  • When should I not file a claim?
  • Why am I required to buy liability insurance?
  • Do I pay less if my vehicle is kept in my garage?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Car insurance in the media

State Farm, Geico and Progressive constantly bombard you with television and radio advertisements. All the companies make the point of big savings just by switching your coverage to them. How is it plausible that every one can make almost identical claims? It’s all in the numbers.

All the different companies quote their cheapest rates for the type of insured that makes them money. For instance, a desirable risk should be over age 30, has other policies, and drives a safe vehicle. Any customer who matches that profile receives the best prices and will most likely cut their rates substantially.

People who are not a match for these stringent criteria may be forced to pay a more expensive rate and the customer buying from a different company. The ad wording is “people that switch” not “everyone who quotes” save money. That’s why insurance companies can make it sound like they have such great prices. This really drives home the point why drivers should compare quotes as often as possible. Because you never know which insurance companies will have the best premium rates for your profile.

Car insurance coverages and their meanings

Learning about specific coverages of a car insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverage

This will cover damage that occurs to a person or their property by causing an accident. 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 limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, funeral expenses, emergency aid and medical expenses. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like hospital visits, ambulance fees and doctor visits. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This coverage pays for 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 protects against things such as rolling your car, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive car insurance

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as falling objects, theft and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

One last thing

We covered quite a bit of information on how to lower your 2009 Honda S2000 insurance rates. It’s most important to understand that the more providers you compare, the better likelihood of getting affordable car insurance. Consumers may even find the best price on insurance coverage is with a small mutual company.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage for the lowest cost, not the least amount of coverage.

There are still a few companies who do not provide online quoting and usually these small, regional companies only sell through independent agencies. Cheap 2009 Honda S2000 insurance is available on the web and from local insurance agents, and you need to comparison shop both to get a complete price analysis.

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