Trying to find the cheapest insurance coverage rates for your Honda S2000? Cutting costs on insurance coverage is nearly impossible for consumers not familiar with buying insurance online. You have so many companies to choose from that it can easily become a lot of work to compare prices.
Companies don’t list all available discounts very well, so here is a list both the well known and the harder-to-find discounts you could be receiving.
It’s important to understand that most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. So when it seems like all the discounts add up to a free policy, you won’t be that lucky.
Car insurance companies that may have these discounts include:
Before buying, ask each insurance company how you can save money. Discounts may not be available in your state.
There are a variety of methods to compare 2002 Honda S2000 car insurance prices and some are more efficient than others. You can spend your afternoon driving to insurance companies in your area, or you can utilize the web to accomplish the same thing much quicker.
Many insurance companies belong to a marketplace where prospective buyers enter their coverage request one time, and every company can provide price quotes. This system prevents you from having to do quote requests to each individual car insurance company.
To find out how much you can save on car insurance click here (opens in new window).
The only drawback to using this type of form is you cannot specify which carriers you want to price. If you would rather choose specific insurance companies to receive pricing from, we have assembled a list of companies who write car insurance in your area. Click here to view list.
It doesn’t matter which method you choose, just make darn sure you compare identical coverages with each company. If you have higher or lower deductibles then you won’t be able to find the best deal for your Honda S2000. Quoting even small variations in coverages could mean much higher rates. And when price shopping your coverage, quoting more will enable you to find lower pricing.
It’s important that you understand the different types of things that come into play when calculating your insurance coverage rates. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with lower insurance coverage prices.
The list below includes a partial list of the pieces used by your company to calculate rates.
When choosing the best car insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.
Here are some questions about coverages that may help highlight if your situation could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form.
Understanding the coverages of a auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.
Uninsured and underinsured coverage
This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2002 Honda S2000.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Comprehensive coverages
This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as hail damage, damage from getting keyed and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision coverage protection
This coverage pays for damage to your S2000 resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like colliding with a tree, backing into a parked car and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Coverage for medical payments
Coverage for medical payments and/or PIP pay for bills like surgery, EMT expenses, pain medications and dental work. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible
Liability coverages
This provides protection from injuries or damage you cause to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for 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 protects against claims such as loss of income, legal defense fees, emergency aid, structural damage and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
As you prepare to switch companies, you should never skimp on critical coverages to save a buck or two. There have been many situations where an insured cut full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to find the BEST coverage for the lowest price while still protecting your assets.
You just read some good ideas how to save on 2002 Honda S2000 insurance. It’s most important to understand that the more you quote, the higher the chance of saving money. You may even find the most savings is with a small mutual company.
Insureds leave their current company for a number of reasons such as policy non-renewal, not issuing a premium refund, questionable increases in premium and lack of trust in their agent. Regardless of your reason for switching companies, finding a new insurance company can be easier than you think.