Cheaper 1999 Acura NSX Insurance Rates

Looking for cheaper insurance rates for your Acura NSX? I can’t think of a single person who cherishes buying insurance, especially when their premiums are through the roof.

Insurance companies such as Allstate and Progressive persitently shower you with ads and it can be hard to see past the corporate glitz and effectively compare rates to find the best deal.

If you currently have car insurance, you will be able to cut costs considerably using these tips. Buying car insurance is not that difficult. But vehicle owners should learn how companies price online insurance.

Comparison of Insurance Coverage

There are a variety of methods to compare 1999 Acura NSX insurance coverage prices but one way is easier and takes less work. You can waste a lot of time driving to insurance companies in your area, or you could use online quoting to get prices fast.

Many companies are enrolled in a marketplace where insurance shoppers enter their coverage request one time, and each company then gives them pricing based on that information. This saves time by eliminating quote forms to every company.

To access this free quoting program, click here to start a free quote.

One minor caviat to using this type of system is you are unable to specify which insurance companies to receive prices from. So if you prefer to pick individual companies for rate comparison, we put together a list of companies who write insurance coverage in your area. Click to view list.

It doesn’t matter which method you choose, just ensure you are comparing apples-to-apples deductibles and coverage limits 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. Quoting even small variations in limits may cause a big price difference. It’s important to know that more quotes helps you find the best rates.

Verify you’re getting all your discounts

Auto insurance companies do not advertise all their discounts very clearly, so here is a list both the well known and the more hidden savings tricks you should be using.

  • One Accident Forgiven – Some insurance companies allow you one accident before hitting you with a surcharge if you are claim-free prior to the accident.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on NSX coverage with select insurance companies.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Save with a New Car – Putting insurance coverage on a new car is cheaper due to better safety requirements for new cars.
  • Early Signing – Some companies give discounts for buying a policy before your current expiration date. This can save 10% or more.
  • Multiple Vehicles – Insuring multiple vehicles on one policy could earn a price break for each car.
  • Homeowners Savings – Being a homeowner may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Low Mileage – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck.

Car insurance companies that may have these benefits are:

Before buying, ask all companies you are considering what discounts are available to you. Some discounts may not be available in your area.

Factors that might impact rates for an Acura NSX

Smart consumers have a good feel for the different types of things that go into determining insurance coverage rates. Knowing what impacts premium levels allows you to make educated decisions that can help you get big savings.

Listed below are a partial list of the pieces companies use to determine your rates.

  • Marriage pays dividends – Being married can get you a discount on your policy. Having a significant other means you’re more mature and responsible and statistics show married drivers get in fewer accidents.
  • How’s your driving record? – Good drivers tend to pay less for car insurance than their less careful counterparts. Just one citation can increase rates twenty percent or more. Drivers who have dangerous citations like DWI, reckless driving or hit and run convictions may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent a license revocation.
  • Women pay lower rates – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. They both are in accidents at a similar rate, but the males tend to have more serious accidents. They also receive more costly citations such as DWI and reckless driving.
  • Don’t let your coverage lapse – Driving with no insurance can get your license suspended and as a result your rates will increase for letting your coverage have a gap. And not only will insurance be more expensive, getting caught without coverage will get you a hefty fine and possibly a revoked license.
  • Your occupation can affect rates – Jobs such as lawyers, social workers and financial analysts tend to pay higher average rates attributed to stressful work requirements and long work days. Conversely, occupations like actors, engineers and retirees have the lowest average rates on NSX coverage.
  • Car features impact rates – Purchasing a vehicle with an alarm system can save you a little every year. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
  • Claim-free discounts can add up – If you are a frequent claim filer, you can look forward to either policy cancellation or increased premiums. Insurance companies give cheaper rates to people who do not file claims often. Your insurance policy is intended for larger claims.
  • Extra add-on coverages are wasting money – There are a ton of add-on coverages that you can buy on your NSX policy. Coverages for personal injury protection, towing coverage and membership fees may be costing you every month. They may seem like a good idea when you first buy your policy, but your needs may have changed so eliminate them to save money.

When should I talk to an agent?

When buying adequate coverage, there really is not a cookie cutter policy. Each situation is unique so your insurance needs to address that. For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

  • Do I need rental car coverage?
  • When should I buy a commercial auto policy?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is a new car covered when I drive it off the dealer lot?
  • How much liability insurance is required?
  • If my pet gets injured in an accident are they covered?
  • When can I cancel my policy?
  • Does my insurance cover a custom paint job?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered if I hit a deer?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Misconceptions in auto insurance advertisements

Companies like State Farm, GEICO and Progressive continually stream television and radio advertisements. All the ads have a common claim about savings after switching to them. How does each company say the same thing?

All companies can use profiling for the right customer that makes them money. A good example of a preferred risk might be between 25 and 40, has no tickets, and has a short commute. Any driver who meets those qualifications will qualify for the lowest rates and most likely will save a lot of money.

Potential customers who fall outside these standards will be charged higher premiums and ends up with business not being written. The ads say “drivers who switch” not “everyone that quotes” save money. This is how companies can truthfully advertise the savings. That is why drivers should compare many company’s rates. It’s just too difficult to predict which company will provide you with the cheapest Acura NSX insurance rates.

Car insurance coverage considerations

Learning about specific coverages of a car insurance policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages found on most car insurance policies.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for expenses for EMT expenses, rehabilitation expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Liability car insurance – Liability insurance will cover damages or injuries you inflict on people or other property in an accident. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as loss of income, legal defense fees and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, damage from getting keyed, damage from flooding, hitting a bird and hitting a deer. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Acura NSX.

Since a lot of drivers 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 very important.

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

Collision coverage pays for claims such as driving through your garage door, damaging your car on a curb, crashing into a building, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

A fool and his money are soon parted

The cheapest 1999 Acura NSX insurance can be sourced both online and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance coverage companies may not provide online quoting and many times these smaller companies only sell through independent insurance agents.

We just showed you quite a bit of information on how to get a better price on insurance. It’s most important to understand that the more providers you compare, the better your comparison will be. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments compared to the large companies like Progressive or GEICO.

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