2000 Honda S2000 Insurance Cost – 5 Discounts for Best Prices

Trying to find better insurance prices for a Honda S2000 could be difficult, but you can follow the following methods to save time.

There is a right way and a wrong way to compare insurance rates and you need to know the quickest way to get price quotes on a Honda and get the lowest price.

Finding Auto Insurance

Lowering your 2000 Honda S2000 auto insurance rates can be quick and easy. The only thing you need to do is invest a little time comparing rates online from several insurance companies. This can be done using a couple different methods.

The easiest and least time consuming way to get quotes for comparison would be an industry-wide quote request form click to view form in new window. This easy form eliminates the need for separate quotes for each company. A single, simple form will return price quotes from all major companies. Recommended for those who want to invest the least amount of time.

A more difficult way to obtain and compare quotes online requires visiting each company website to request a price quote. For sake of this example, we’ll assume you want to compare rates from Progressive, State Farm and Geico. You would have to take the time to go to each site to enter your coverage information, and that’s why the first method is more popular. To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples coverages and limits for each price quote. If the quotes have unequal deductibles or liability limits then you won’t be able to determine the lowest rate for your Honda S2000.

But I don’t know anything about car insurance

When choosing the best insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine whether you could use an agent’s help.

  • Are rental cars covered under my policy?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does medical payments coverage apply to all occupants?
  • Will I lose any money if I cancel my policy before it expires?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What is UM/UIM insurance?
  • When do I need to add a new car to my policy?
  • Does coverage extend to a rental car in a foreign country?
  • Should I buy full coverage?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Specifics of your auto insurance policy

Having a good grasp of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Collision coverages – Collision coverage pays for damage to your S2000 from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with a tree, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for surgery, prosthetic devices, doctor visits and chiropractic care. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, hitting a deer and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Honda S2000.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Liability car insurance – This will cover damages or injuries you inflict on other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as funeral expenses, medical expenses, court costs and attorney fees. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.