2003 Acura NSX Insurance Quotes

Are you kicking yourself for buying an overpriced car insurance policy? Don’t feel bad because you’re not alone.

Due to the abundance of different company options, it’s nearly impossible to choose the lowest price car insurance company.

Save with these discounts

Companies offering auto insurance don’t necessarily list all possible discounts very well, so the list below gives a summary of some of the best known and the harder-to-find credits available to you.

  • Government Employees – Being employed by or retired from a federal job can save as much as 8% on NSX coverage depending on your insurance provider.
  • Discount for Low Mileage – Fewer annual miles on your Acura could be rewarded with substantially lower rates.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • E-sign Discounts – A few insurance companies will give a small break get car insurance on the web.
  • College Student – Children who are enrolled in a college that is more than 100 miles from home and don’t have a car can receive lower rates.
  • Accident Forgiveness – but some companies like Libery Mutual, GEICO and Allstate allow you one accident without the usual rate increase so long as you are claim-free prior to the accident.
  • Student Driver Training – Cut your cost by having your teen driver take driver’s ed class as it will make them better drivers and lower rates.
  • ABS Braking Discount – Vehicles that have anti-lock braking systems can reduce accidents so you can save 10 percent or more.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that adding up those discounts means a free policy, it doesn’t quite work that way.

Popular insurance companies and their offered discounts are detailed below.

  • State Farm includes discounts for Drive Safe & Save, driver’s education, anti-theft, accident-free, multiple autos, Steer Clear safe driver discount, and good student.
  • Farmers Insurance discounts include pay in full, electronic funds transfer, good student, switch companies, homeowner, and mature driver.
  • Progressive offers discounts for homeowner, online signing, online quote discount, good student, multi-policy, continuous coverage, and multi-vehicle.
  • GEICO offers discounts including anti-theft, good student, multi-vehicle, daytime running lights, defensive driver, seat belt use, and membership and employees.
  • Auto-Owners Insurance may offer discounts for multiple vehicles, group or association, multi-policy, safe driver, good student, and air bags.
  • The Hartford has discounts for bundle, driver training, defensive driver, good student, and vehicle fuel type.
  • Farm Bureau offers premium reductions for multi-policy, 55 and retired, multi-vehicle, driver training, and youthful driver.
  • USAA may include discounts for new vehicle, multi-vehicle, safe driver, military installation, good student, loyalty savings, and family discount.

Double check with each insurance company how many discounts you can get. Savings might not be available to policyholders in your area.

Compare insurance quotes online

The are a couple different ways to get quotes from many insurance companies in your state. The fastest way to compare 2003 Acura NSX insurance prices is to use the internet to compare rates. It’s really quite simple and can be done in a couple of different ways.

  1. The simplest way to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This quick form prevents you from having to do separate quotation requests for each price estimate. Just one form will return price quotes from all major companies.
  2. A harder way to find more affordable insurance requires a trip to the website for each individual company to complete their respective quote request forms. For examples sake, let’s say you want to view quotes from Liberty Mutual, Allstate and State Farm. You would need to take the time to go to each site to enter the same coverage data repeatedly, which is why the first method is quicker. For a list of companies in your area, click here.
  3. The most time-consuming method to comparison shop is calling or driving to all the different insurance agencies. Comparing rate quotes online eliminates the need for an insurance agent unless you want the professional abilities only provided by licensed agents. It is possible to compare online quotes but have a local agent actually write the policy.

Whichever method you choose, ensure you’re using the exact same quote information for each price quote. If you are comparing different liability limits then you won’t be able to decipher which rate is best. Even a minor difference in coverages can result in a big premium difference. And when quoting insurance, remember that getting more free quotes will increase your chances of finding better pricing. Not every company allows you to get online rate quotes, so it’s important to compare quotes from those companies as well.

Why informed consumers pay less for Acura NSX insurance

Many factors are considered when you quote your car insurance policy. Some are obvious like your driving record, although some other factors are less obvious such as whether you are married or your financial responsibility.An important part of buying insurance is that you know the different types of things that aid in calculating your policy premiums. When you understand what determines base rates, this helps enable you to make changes that can earn you cheaper rates.

  • Your car’s features help determine premiums – Choosing to buy a car with an alarm system can get you a discount on your auto insurance. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder auto theft.
  • Your career may increase prices – Careers like military generalsairline pilots and dentists are shown to have higher average rates due to high stress levels and lots of time spent at work. Conversely, occupations like scientists, students and homemakers have the lowest average rates on NSX coverage.
  • Eliminate extra coverages – There are many extra add-on coverages that can waste your money on your auto insurance policy. Insurance for coverage for rental cars, high-cost glass coverage, and membership fees may not be needed and are just wasting money. They may sound like good ideas when discussing your needs, but your needs may have changed so think about removing them and cutting costs.
  • Reduce auto insurance rates by staying claim free – If you are the type of insured that files lots of claims you can look forward to increased rates or even have your policy non-renewed. Auto insurance companies give most affordable rates to policyholders that do not abuse their auto insurance. Your insurance policy is intended for the large, substantial claims.
  • lapses raise prices – Driving without insurance coverage in place is not a good idea and companies may charge more for letting your coverage cancel without a new policy in place. In addition to paying higher premiums, getting caught without coverage may result in a license revocation or jail time. You may then have to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Lower comp and collision deductibles cost more – Your deductibles define the amount you are willing to pay out-of-pocket if a claim is determined to be covered. Physical damage protection, aka comp and collision, covers damage that occurs to your car. Some examples of covered claims would be collision with another vehicle, damage caused by hail, or theft of your vehicle. The more of the claim you have to pay, the less money you will pay for auto insurance on NSX coverage.
  • Credit history impacts premiums – Credit score is a large factor in your rate calculation. Therefore, if your credit score leaves room for improvement, you could be paying less to insure your 2003 Acura NSX by spending a little time repairing your credit. Consumers who have high credit scores tend to be less risk to insure than drivers who have lower credit scores.

Special considerations

When it comes to choosing adequate coverage for your vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might point out whether or not you might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • Do I need replacement cost coverage on my 2003 Acura NSX?
  • Are rock chip repairs covered?
  • Why is insurance for a teen driver so high?
  • Does my 2003 Acura NSX qualify for pleasure use?
  • What should my uninsured motorist coverage limits be in my state?
  • Will my insurance pay for OEM parts?
  • What can I do if my company denied a claim?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Insurance buyers beware

Allstate and Progressive regularly use ads on television and other media. All the companies convey the message of big savings if you just switch your coverage to them. It sounds good, but how can they all cost less than your current company? Here is how they do it.

Insurance companies have specific guidelines for the type of driver that will most likely be profitable. An example of this type of risk profile could possibly be over the age of 50, has never had a policy lapse, and does not commute to work. Anyone who fits those characteristics will qualify for the lowest premium rates and therefore will pay quite a bit less when switching companies.

Insureds who are not a match for the “perfect” profile must pay more expensive rates which leads to the prospect going elsewhere. The trick companies use is to say “people who switch” not “all people who quote” save that much when switching. That is how companies can truthfully make those statements.

Because of the profiling, drivers must get car insurance quotes from several different companies. It’s just too difficult to predict which insurance company will have the lowest rate quotes.

Detailed coverages of your car insurance policy

Knowing the specifics of your car insurance policy aids in choosing the best coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average car insurance policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Acura NSX.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for bills for nursing services, ambulance fees, chiropractic care, doctor visits and EMT expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as vandalism, damage from getting keyed and rock chips in glass. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as damaging your car on a curb, hitting a parking meter, backing into a parked car and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Auto liability insurance

Liability coverage will cover damage or injury you incur to a person or their property. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as pain and suffering, attorney fees and loss of income. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

A tidy conclusion

Budget-friendly insurance coverage can be sourced from both online companies as well as from insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not offer rate quotes online and these small, regional companies work with independent insurance agencies.

As you shop your coverage around, it’s a bad idea to reduce needed coverages to save money. In many instances, consumers will sacrifice full coverage only to regret at claim time that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the best possible price.

In this article, we covered some good ideas how to lower your 2003 Acura NSX insurance rates. The key concept to understand is the more quotes you get, the higher your chance of finding affordable car insurance. You may be surprised to find that the lowest priced insurance coverage comes from a smaller regional carrier. These smaller insurers can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

More detailed insurance coverage information can be read by following these links: