Save on 2006 Honda S2000 Insurance Rates

Want better insurance coverage rates for your Honda S2000? Trying to find better insurance prices for your Honda S2000 can normally be a lot of work, but you can learn these tips to save time.

There are more efficient ways to shop for insurance coverage and you need to know the best way to get price quotes for a Honda and find the best price possible from both online companies and local agents.

If you have insurance now or need new coverage, you can use these tips to cut your premiums while maintaining coverages. Locating affordable coverage is easy if you know what you’re doing. Consumers only need an understanding of how to shop for insurance online.

Car insurance quotes comparison

Effectively comparing car insurance prices is a ton of work if you don’t utilize the easiest way. You could spend your day talking about coverages with insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Many of the larger companies belong to a marketplace that enables customers to enter their coverage request one time, and each company then gives them pricing based on that data. This system prevents you from having to do quote requests for each company you want a rate for.

To compare pricing click here to open in new window.

The one disadvantage to using this type of form is you cannot specify which insurance companies you want pricing from. If you wish to select from a list of companies to request quotes from, we put together a list of low cost car insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, compare apples-to-apples coverages with each company. If each company quotes different limits and deductibles on each one it will be very difficult to get a fair rate comparison.

Are you getting every discount?

Some companies don’t always publicize every disount available in a way that’s easy to find, so the list below contains some of the more common and also the lesser-known discounts that may be available.

  • Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase some life insurance in addition to your auto policy.
  • Low Mileage Discounts – Low mileage vehicles can qualify you for lower prices on the low mileage vehicles.
  • No Claims – Drivers who don’t have accidents pay much less in comparison with drivers who are more careless.
  • Safety Restraint Discount – Buckling up and requiring all passengers to use their safety belts could save 15% off the PIP or medical payment premium.
  • New Vehicle Savings – Buying insurance on a new vehicle can cost up to 25% less due to better safety requirements for newer models.

Discounts lower rates, but some credits don’t apply to the entire policy premium. Some only apply to specific coverage prices like liability and collision coverage. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way.

Some of the insurance companies that possibly offer most of these discounts are:

Check with each insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to see a list of insurance companies that offer some of these discounts, click here to view.

Why informed drivers pay less for Honda S2000 insurance

A large part of saving on insurance is knowing the rating factors that help calculate the price you pay for insurance. When you understand what controls the rates you pay, this allows you to make educated decisions that can help you get big savings.

  • Adjust physical damage deductibles and save – Physical damage insurance, also called ‘full coverage’, helps pay for damage to your vehicle. A few examples of covered claims are collision with another vehicle, collision with an animal, and damage from a fallen tree branch. Deductibles for physical damage are how much you are required to pay in the event of a claim. The more money you pay before a claim is paid (deductible), the bigger discount you will receive for S2000 coverage.
  • Your gender affects prices – Over the last 50 years, statistics have shown that females take fewer risks when driving. This data doesn’t prove that women are better drivers. Both sexes have accidents in similar numbers, but males cause more damage. Not only are claims higher, but men have more aggressive citations like reckless driving and DUI.
  • Your stress level may be raising your rates – Occupations such as lawyers, architects and financial analysts tend to pay higher rates than average in part from intense work-related stress and lengthy work days. On the other hand, occupations like farmers, athletes and retirees have the lowest average rates for S2000 coverage.
  • Getting married can save you money – Your spouse can get you a discount when buying insurance. Having a significant other demonstrates that you tend to be more mature and responsible and statistics show married drivers get in fewer accidents.
  • Drive fewer miles and save – The higher the miles on your Honda annually the higher your rates will be. The majority of insurers charge to insure your cars based on their usage. Cars that sit idle most of the time receive lower rates than those that get driven frequently. Having the wrong rating on your S2000 is throwing money out the window. Ask your agent if your insurance policy is showing the correct driver usage.
  • Your location is a factor – Having an address in small towns and rural areas is a good thing when insuring your vehicles. Urban drivers have more traffic problems and longer commutes to work. Less people living in that area means reduced accidents and a lower car theft rate.
  • Lower premiums with alarm systems – Owning a car with an alarm system can save you some money. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft.

When in doubt talk to an agent

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different.

For instance, these questions may help highlight if you may require specific advice.

  • Am I covered if I hit a deer?
  • What is no-fault insurance?
  • How does medical payments coverage work?
  • Do I really need UM/UIM coverage?
  • What vehicles should carry emergency assistance coverage?
  • Do I pay less for low miles?
  • If my 2006 Honda S2000 is totaled, can I afford another vehicle?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Buyer beware of insurance coverage advertising tricks

Drivers can’t escape the ads for insurance coverage savings by Progressive, Allstate and GEICO. They all seem to tend to make the same promise about saving some big amount if you just switch your insurance coverage coverage to their company.

But how can every company cost less than your current company? This is the trick they use.

Most companies quote their best rates for the type of driver that will most likely be profitable. One example of this type of insured could possibly be a female over age 40, has a low-risk occupation, and drives a car with an anti-theft system. A customer getting a price quote who matches that profile will get low prices and will also save a lot if they switch.

Consumers who fall outside these criteria will get higher rates and ends up with business going elsewhere. The ads say “customers who switch” but not “all drivers who get quotes” save that kind of money. That’s why insurance companies can advertise the way they do.

Because of this risk profiling, drivers must quote coverage with many companies. Because you never know with any certainty which company will have the lowest rates for your situation.

Coverage specifics

Understanding the coverages of insurance can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and coverage can change by endorsement.

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

Collision insurance covers things such as hitting a parking meter, scraping a guard rail, sideswiping another vehicle and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverages – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from getting keyed, damage from flooding, fire damage, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance – This coverage provides protection from injuries or damage you cause to other people or property in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like repair bills for other people’s vehicles, repair costs for stationary objects, pain and suffering, structural damage and funeral expenses. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for immediate expenses like EMT expenses, surgery and funeral costs. They can be used in conjunction with a health insurance program 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 coverage is not available in all states and may carry a deductible

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Honda S2000.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Shop. Compare. Save.

Consumers who switch companies do it for a number of reasons such as unfair underwriting practices, high rates after DUI convictions, poor customer service or even delays in paying claims. Regardless of your reason for switching companies, finding a great new company is pretty simple and you could end up saving a buck or two.

Some insurance companies don’t offer online price quotes and most of the time these smaller providers prefer to sell through local independent agents. Cheap 2006 Honda S2000 insurance can be purchased both online as well as from independent agents, so you should compare both to have the best selection.

We’ve covered many ideas to get a better price on 2006 Honda S2000 insurance. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the best car insurance rates are with some of the smallest insurance companies.

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