2001 Honda S2000 Insurance Quotes

Having to pay for overpriced auto insurance can drain your bank account and force you to prioritize other expenses. Comparing price quotes is a smart way to tighten up your finances.

Because you have many companies to choose from, it can be challenging to choose the most affordable insurer.

Finding affordable coverage is quite easy. Just about every driver who is required by state law to have car insurance will most likely be able to find lower rates. But drivers do need to learn the way companies market on the web and apply this information to your search.

Honda S2000 rate determination is complex

Consumers need to have an understanding of some of the elements that help determine your insurance coverage rates. Understanding what controls the rates you pay helps enable you to make changes that can help you get better insurance coverage rates.

  • Are you male or female? – Statistics show women are more cautious behind the wheel. Now that doesn’t mean women are better drivers. Women and men cause accidents at a similar rate, but the males tend to have more serious accidents. They also get more serious tickets such as reckless driving.
  • Where you live is a factor – Choosing to live in a rural area can be a good thing when buying insurance coverage. Fewer drivers means reduced accidents. Drivers in populated areas tend to have much more traffic to deal with and longer commutes to work. Longer commute distances means higher likelihood of an accident.
  • Add-on coverages can add up – There are quite a few additional coverages that you can get tricked into buying when buying insurance coverage. Things like roadside assistance, accidental death and additional equipment coverage are examples of these. These coverages may sound good initially, but now you might not need them so remove them from your policy.
  • Consolidate policies to earn discounts – The majority of insurance companies give discounts to people who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you may still want to compare other company rates to confirm you are receiving the best rates possible. Consumers may find better rates by splitting coverages up.
  • Rates may be higher depending on your occupation – Did you know your job can affect your rates? Careers like judges, architects and stock brokers tend to have the highest rates due to stressful work requirements and lengthy work days. On the other hand, occupations such as scientists, students and homemakers receive lower rates for S2000 insurance.

Finding Insurance Coverage Deals

When shopping for insurance coverage there are multiple ways to compare rate quotes from different insurance companies. The easiest way by far to find the cheapest 2001 Honda S2000 insurance rates involves getting comparison quotes online. This can be done using a couple different methods.

  • One of the simplest ways to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This method keeps you from doing a different quote for every insurance coverage company. Taking the time to complete one form will return price quotes from multiple low-cost companies.
  • A less efficient way to compare rate quotes consists of visiting the website of each company to request a price quote. For example, let’s say you want rates from USAA, State Farm and Liberty Mutual. To get each rate you have to spend time on each company’s site to input your insurance information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

  • The hardest method of getting rate comparisons is to waste gas driving to different agent offices. Shopping for insurance coverage online eliminates the need for an insurance agent unless you want the trained guidance of a licensed agent. Drivers can compare online quotes and get advice from an agent in your area and we’ll touch on that later.

However you get your quotes, ensure you’re using apples-to-apples deductibles and coverage limits for every company. If you use unequal deductibles or liability limits it will be impossible to determine which rate is truly the best. Having just a slight variation in insurance coverages could mean much higher rates. And when quoting insurance coverage, remember that more quotes will increase your chances of finding better pricing.

Don’t be fooled by advertising claims

Insurance companies such as State Farm, Geico and Progressive consistently run television and radio advertisements. They all seem to make an identical promise about savings if you change your coverage to them. How can each company make almost identical claims?

Insurance companies are able to cherry pick for the type of customer that is profitable for them. For example, a driver they prefer could be over the age of 50, a clean driving record, and chooses high deductibles. Any new insured that hits that “sweet spot” will qualify for the lowest rates and most likely will save when they switch companies.

Potential insureds who don’t qualify for the “perfect” profile will be charged higher premiums which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. That’s why companies can state the savings. That is why drivers must get quotes from several different companies. It’s impossible to know the company that will provide you with the cheapest Honda S2000 insurance rates.

How to reduce 2001 Honda S2000 insurance rates

Car insurance companies don’t necessarily list every discount very clearly, so the following is a list of some of the more common and the more hidden insurance coverage savings.

  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts can get savings up to 30%.
  • Auto/Life Discount – Some companies give better rates if you take out life insurance.
  • Claim Free – Drivers with accident-free driving histories pay much less when compared to drivers who are more careless.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Honda could qualify for lower rates on the low mileage vehicles.
  • Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.

It’s important to note that some of the credits will not apply to your bottom line cost. Most only cut specific coverage prices like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, you’re out of luck.

Car insurance companies that may offer some of the above discounts include:

It’s a good idea to ask every prospective company what discounts are available to you. Savings may not be available everywhere.

Tailor your coverage to you

When it comes to buying coverage for your personal vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions can aid in determining if you would benefit from professional advice.

  • Why do I only qualify for high-risk insurance?
  • Should I rate my 2001 Honda S2000 as pleasure use or commute?
  • Am I insured when driving a different vehicle?
  • Are my friends covered when driving my car?
  • Do I really need UM/UIM coverage?
  • Is my camper covered by my car insurance policy?
  • Does my insurance cover a custom paint job?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverage breakdown

Having a good grasp of car insurance helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by car insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, hail damage and theft. The most your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto collision coverage

Collision coverage will pay to fix 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 and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like driving through your garage door, damaging your car on a curb, crashing into a building, crashing into a ditch and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Coverage for liability

Liability insurance will cover damage that occurs to other people or property by causing an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like legal defense fees, emergency aid, repair costs for stationary objects and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Honda S2000.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as ambulance fees, EMT expenses, hospital visits, surgery and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Be a smart shopper

As you shop your coverage around, make sure you don’t skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced uninsured motorist or liability limits only to discover later they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at the best price.

Affordable 2001 Honda S2000 insurance is available from both online companies and also from your neighborhood agents, so compare prices from both to get a complete price analysis. Some insurance companies may not provide online price quotes and these small insurance companies work with independent agents.

Additional detailed information can be read at these sites: