2009 Honda S2000 Car Insurance Rates – 8 Tips to Save

Tired of trying to scrape together enough money to buy car insurance? You are in the same boat as many other consumers. Drivers have multiple car insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, lots of choices makes it harder to compare rates.

It’s a good idea to do rate comparisons on a regular basis because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best deal on S2000 insurance a few years ago there is a good chance you can find better rates now. Starting right now, forget all the misinformation about car insurance because you’re about to learn the tricks you need to know to save money, get proper coverage and the best rates.

Car Insurance Prices Online

There are several ways you can shop for Honda S2000 car insurance but there is one way that is less time-consuming than others. You can waste a few hours (or days) talking to agents in your area, or you can utilize online quotes to accomplish the same thing much quicker.

Many of the larger companies enroll in a system that allows shoppers to enter their policy data once, and each company returns a competitive quote based on the submitted data. This eliminates the need for form submissions for every car insurance company.

To find out how much you’re overpaying now click to open in new window.

The one downside to using this type of system is that you can’t choose which providers you will receive quotes from. If you wish to select individual companies to compare prices, we have a listing of low cost car insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but double check that you are using exactly the same coverages on every quote you get. If your comparisons have different liability limits it’s not possible to find the best deal for your Honda S2000.

Is there deception in advertising?

Consumers can’t get away from ads for the lowest price auto insurance by companies like State Farm and Allstate. They all seem to say the same thing that you can save if you change to them.

How can each company make the same claim? This is how they do it.

All companies are able to cherry pick for the driver that makes them money. A good example of a profitable customer could be between the ages of 30 and 50, has no tickets, and drives newer vehicles. Any new insured who matches those parameters will get the preferred rates and therefore will cut their rates substantially.

Potential customers who are not a match for the “perfect” profile will be charged a more expensive rate and ends up with business going elsewhere. The ad wording is “customers who switch” not “everybody who quotes” save that much money. This is how companies can truthfully advertise the way they do.

That is why it’s extremely important to compare many company’s rates. It is impossible to predict which auto insurance company will have the lowest Honda S2000 insurance rates.

Save big with these eight discounts

The cost of insuring your cars can be expensive, but you may find discounts that you may not even be aware of. A few discounts will automatically apply when you complete an application, but a few must be inquired about before being credited. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can get savings up to 30%.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Good Students Pay Less – Getting good grades can get you a discount of up to 25%. The discount lasts up to age 25.
  • Sign Early and Save – A few companies offer discounts for buying a policy before your current expiration date. It can save you around 10%.
  • Safety Course Discount – Taking part in a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Use Seat Belts – Drivers who require all occupants to use a seat belt can save up to 15% off the personal injury premium cost.
  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.
  • Auto/Home Discount – When you have multiple policies with the same company you may earn at least 10% off all policies.

Keep in mind that some credits don’t apply to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will help reduce your premiums.

To see a list of insurers with discount auto insurance rates, follow this link.

But I don’t know anything about car insurance

When buying proper insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your situation might need professional guidance.

  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered when driving a rental car?
  • What discounts do I qualify for?
  • Can I afford to buy a different vehicle if my 2009 Honda S2000 is totaled?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I have coverage when making deliveries for my home business?
  • Do I have coverage if my license is suspended?
  • Should I drop comprehensive coverage on older vehicles?
  • Why do I need rental car insurance?
  • Do I need motorclub coverage?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Parts of your auto insurance policy

Understanding the coverages of your auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2009 Honda S2000.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage

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

Comprehensive can pay for things like hitting a bird, rock chips in glass and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like prosthetic devices, pain medications and funeral costs. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a parking meter, colliding with a tree, rolling your car, damaging your car on a curb and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Liability coverage

Liability coverage provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as attorney fees, repair costs for stationary objects, court costs, emergency aid and medical expenses. How much coverage you buy is your choice, but buy as much as you can afford.

Final thoughts

When shopping online for insurance coverage, it’s a bad idea to buy poor coverage just to save money. There are too many instances where someone dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at the best price while still protecting your assets.

We covered many ways to shop for 2009 Honda S2000 insurance online. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest premiums are with some of the lesser-known companies. They can often provide lower rates in certain areas than the large multi-state companies such as Progressive and GEICO.

Additional information can be read at the links below