How Much Does 2003 Acura NSX Car Insurance Cost?

Trying to find the cheapest insurance coverage rates for your Acura NSX? Are you tired of being strong-armed to buy car insurance? Your situation is no different than many other consumers. Multiple insurers compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and get the definite lowest price

Lots of discounts mean lots of savings

Companies that sell car insurance don’t necessarily list every available discount in an easy-to-find place, so the following is a list of some of the more common and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit possible, you are throwing money away.

  • Multi-car Discount – Having more than one vehicle on one policy may reduce the rate for each vehicle.
  • Sign Online – Certain companies will give a small break just for signing your application on their website.
  • Discount for Swiching Early – Some insurance companies reward drivers for signing up prior to your current policy expiring. The savings is around 10%.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Lower Rates for Military – Being on active duty in the military could mean lower rates.
  • Save with a New Car – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% off your PIP or medical payments premium.

Consumers should know that most credits do not apply to your bottom line cost. Most only apply to individual premiums such as comp or med pay. So even though it sounds like it’s possible to get free car insurance, companies don’t profit that way.

To see a list of insurers with the best auto insurance discounts, click here.

Which Insurance is Cheapest?

Getting a lower price on 2003 Acura NSX insurance can be relatively painless. Just take time comparing rates online with multiple companies. This can be accomplished in several different ways.

  1. Probably the best way consumers can make multiple comparisons is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing separate forms for every insurance company. Filling out one form gets you price quotes direct from many companies.
  2. A more difficult way to compare rate quotes is to take the time to go to each individual company website to complete their respective quote request forms. For sake of this example, we’ll assume you want rates from Farmers, Allstate and GMAC. To get rate quotes you would need to go to every website to enter your coverage information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

  3. The most time-consuming way to get comparison rates is to waste gas driving to and from local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you require the trained guidance only provided by licensed agents. However, consumers can get the lowest quotes online and still use a local agent. We’ll cover that shortly.

Whichever way you use, double check that you are using identical coverage information with each company. If each company quotes different limits and deductibles on each one it will be next to impossible to determine the lowest rate for your Acura NSX.

Situations that might require an agent

When it comes to buying the best insurance coverage coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your situation would benefit from professional advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered when driving a rental car?
  • When should I not file a claim?
  • Is there coverage for injuries to my pets?
  • Is rental equipment covered for theft or damage?
  • What is the minimum liability in my state?
  • Are my friends covered when driving my car?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Car insurance coverages and their meanings

Understanding the coverages of your policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages found on the average car insurance policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as funeral costs, pain medications and ambulance fees. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Collision coverage protection

This coverage covers damage to your NSX resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as rolling your car, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, rock chips in glass, hail damage and a broken windshield. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability

Liability insurance protects you from damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers claims like structural damage, court costs, bail bonds, medical expenses and medical services. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Saving money is sweet as honey

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. There are too many instances where someone sacrificed liability limits or collision coverage and discovered at claim time that it was a big error on their part. Your aim should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

We’ve covered many ways to get a better price on 2003 Acura NSX insurance. The key concept to understand is the more times you quote, the better likelihood of reducing your rate. Consumers may even find the lowest premiums are with some of the lesser-known companies. They often have lower prices on specific markets than their larger competitors like Progressive or Geico.

Even more information can be read at these sites: