2005 Honda S2000 Insurance Rates

Want cheaper insurance rates for your Honda S2000? There isn’t a single person who rejoices having to buy insurance, especially when the cost is too high. Popular companies such as Allstate, Progressive and GEICO promote their brand names with advertising and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.

If you have a policy now or need new coverage, you can use these techniques to reduce the price you pay and still get good coverage. Finding the best rates is not rocket science. Consumers just need to learn the proper methods to buy auto insurance online.

How much does insurance coverage cost?

There are multiple methods to compare insurance coverage quotes, but one way is less time-consuming than others. You can spend your afternoon driving to insurance agencies in your area, or you can stay home and use online quoting to get prices fast.

Many of the larger companies participate in a marketplace where prospective buyers submit one quote, and each participating company then gives them pricing based on that data. This prevents consumers from doing quotation requests for every insurance coverage company.

To fill out one form to compare multiple rates now click here (opens in new window).

One minor caviat to using this type of system is you don’t know exactly the companies to receive prices from. If you prefer to choose from a list of companies to compare, we have a listing of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

You can choose any of those ways to find more affodable coverage, but make sure you use the same coverage limits and deductibles for every company. If each company quotes unequal deductibles or liability limits you can’t possibly truly determine the lowest rate.

Are you receiving every discount?

Some providers don’t always advertise all disounts very clearly, so the next list breaks down a few of the more common and the more hidden credits that may apply to you. If you’re not getting every credit you qualify for, you could be paying more than you need to.

  • Professional Memberships – Joining a qualifying organization is a simple method to lower premiums on your next renewal.
  • Discount for Swiching Early – Some insurance companies provide a discount for buying a policy prior to the expiration date on your current policy. It can save you around 10%.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you will save 10% to 20% off each policy.
  • Theft Deterent Discount – Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
  • Pay Early and Save – By paying your policy upfront rather than spreading payments over time you can actually save on your bill.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as medical payments or collision. Despite the appearance that you could get a free insurance policy, it’s just not the way it works.

Some companies that may have most of these discounts include:

When getting free car insurance quotes, it’s a good idea to every prospective company which discounts you may be entitled to. Discounts might not be offered on policies in your area. To find insurers offering insurance discounts, follow this link.

When in doubt talk to an agent

When choosing adequate coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Can my teen drive my company car?
  • What is the difference between comprehensive and collision coverage?
  • Do I really need UM/UIM coverage?
  • Does my insurance cover my expensive audio equipment?
  • Do I need replacement cost coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Am I covered if I hit a deer?
  • Should I buy only the required minimum liability coverage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Insurance coverage breakdown

Knowing the specifics of insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

Auto liability – This coverage will cover injuries or damage you cause to people or other property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

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. You might see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims like repair bills for other people’s vehicles, repair costs for stationary objects, medical services, court costs and emergency aid. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverages – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from flooding, a broken windshield and falling objects. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverages – This coverage covers damage to your S2000 from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as hitting a mailbox, crashing into a ditch, crashing into a building, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses like nursing services, dental work, X-ray expenses, hospital visits and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible