2003 Honda S2000 Insurance Rates – 7 Tips for Cheaper Quotes

Scraping up a payment for pricey Honda S2000 insurance can empty your family’s budget and make it impossible to make ends meet.

Multiple insurers compete for your hard-earned dollar, so it’s not easy to compare every company to discover the definitive best rates possible.

Affordable insurance coverage quotes online

Shopping for lower insurance coverage rates can be exhausting if you aren’t aware of the most efficient way. You can spend countless hours talking about coverages with agents in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Many insurance companies participate in an industry program where prospective buyers only type in their quote data once, and each company can give them a price based on that data. This system prevents you from having to do quotation requests for each company you want a rate for.

To compare rates using this form now click here (opens in new window).

The single downside to getting quotes like this is you don’t know exactly which carriers to get quotes from. If you would rather choose individual companies to compare rates, we have a listing of companies who write insurance coverage in your area. Click here for list of insurance companies.

Which method you use is up to you, but be sure to compare equivalent information for each quote you get. If you use different data then you won’t be able to find the best deal for your Honda S2000. Quoting even small variations in insurance coverages or limits could mean much higher rates. And when quoting insurance coverage, remember that quoting more helps locate lower pricing. Some companies don’t provide quotes online, so it’s important to compare rates from them, too.

Situations that may require an agent’s advice

When it comes to choosing proper insurance coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether or not you might need professional guidance.

• Exactly who is provided coverage by my policy?
• Do I need to file an SR-22 for a DUI in my state?
• I have good health insurance, so how much medical payments coverage do I need?
• Is my ex-spouse still covered by my policy?
• Should I bundle my homeowners policy with my auto?
• Do I need motorclub coverage?

If you can’t answer these questions but one or more may apply to you, you may need to chat with 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

Coverages available on your car insurance policy

Having a good grasp of your policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages found on the average car insurance policy.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like rehabilitation expenses, funeral costs, doctor visits and surgery. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like theft, damage from flooding, hail damage and rock chips in glass. The maximum amount a car 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

Collision coverage pays for damage to your S2000 from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as backing into a parked car, driving through your garage door, scraping a guard rail, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Liability car insurance

This coverage can cover damage or injury you incur to other people or property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as bail bonds, structural damage and legal defense fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.