2006 Honda S2000 Car Insurance Rates

Finding the cheapest insurance for a new or used Honda S2000 can normally be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to compare auto insurance rates and we’ll show you the quickest way to price shop coverage for a new or used Honda and locate the cheapest rates either online or from local insurance agents.

Consumers need to get comparison quotes on a regular basis because rates are adjusted regularly by insurance companies. Even if you think you had the best rates for S2000 coverage a year ago you can probably find a lower rate today. Starting right now, block out anything you think you know about auto insurance because we’re going to show you the fastest and easiest way to properly buy coverages and cut your premium.

If you have insurance now or are shopping for new coverage, you will benefit by learning to find better prices and possibly find even better coverage. Shopping for cheaper auto insurance is easy if you know what you’re doing. Drivers just need to learn the proper way to find the lowest price on the web.

Take advantage of discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts that many people don’t even know exist. Some discounts apply automatically when you complete an application, but some may not be applied and must be specially asked for before they will apply. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
  • Clubs and Organizations – Participating in a professional or civic organization could trigger savings when buying auto insurance for S2000 coverage.
  • Accident Forgiveness – Certain companies will forgive one accident before raising your premiums if your claims history is clear for a set time period.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
  • Auto/Life Discount – Larger companies have a discount if you purchase life insurance.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Sign Online – Some insurance companies may give you up to $50 simply for signing online.

A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will bring down the cost of coverage.

For a list of providers who offer auto insurance discounts, follow this link.

The most recommended method to compare insurance rates from multiple companies is to take advantage of the fact almost all companies actually pay money for the chance to compare rate quotes. To start a quote, the only thing you need to do is provide a little information like whether you are married, how many miles driven, if you have a valid license, and how much education you have. That rating data is sent automatically to many of the top insurers and they return rate quotes immediately.

To start a quote now, click here and complete the form.

Factors determining your Honda S2000 insurance premium

An important part of buying insurance is that you know some of the elements that come into play when calculating the price you pay for insurance coverage. Having a good understanding of what impacts premium levels allows you to make educated decisions that may reward you with better insurance coverage rates.

  • Your location affects your rates – Living in less populated areas has it’s advantages when it comes to insurance coverage. Fewer people means reduced accidents as well as less vandalism and auto theft. Urban drivers have to deal with congested traffic and much longer commute distances. More time on the road translates into higher accident risk.
  • Your spouse saves you money – Having a spouse helps lower the price on insurance coverage. Marriage translates into being more responsible and statistics show being married results in fewer claims.
  • Older drivers save more – Mature drivers are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations. Teenage drivers tend to be less responsible in a vehicle therefore insurance coverage rates are much higher.
  • How many coverages with the same company – Many insurance coverage companies provide better rates to customers who buy several policies from them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even though this discount sounds good, you may still want to shop around to make sure you are getting the best deal. You may still find a better deal by buying insurance from more than one company.

How to know if you need help

When choosing proper insurance coverage, there really is no perfect coverage plan. Every situation is different.

For instance, these questions can help discover if your situation might need an agent’s assistance.

  • Am I covered when driving on a suspended license?
  • Is other people’s property covered if stolen from my vehicle?
  • What is the rate difference between pleasure use and commuting?
  • Who is covered when they drive my 2006 Honda S2000?
  • Do I need roadside assistance coverage?
  • Does coverage extend to my business vehicle?
  • If my pet gets injured in an accident are they covered?
  • What is the minimum liability in my state?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage specifics

Having a good grasp of your insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive coverage – This covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, fire damage, hail damage and damage from getting keyed. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for bills such as doctor visits, X-ray expenses, surgery and hospital visits. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverages – Collision coverage covers damage to your S2000 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like backing into a parked car, sideswiping another vehicle and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Honda S2000.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

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

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as emergency aid, repair bills for other people’s vehicles and court costs. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Buy online or local, you save

We just showed you some good ideas how you can shop for 2006 Honda S2000 insurance online. The most important thing to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the most savings is with a lesser-known regional company.

Cost effective insurance can be bought both online and with local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

Drivers leave their current company for any number of reasons including policy non-renewal, policy cancellation, not issuing a premium refund and even being labeled a high risk driver. Whatever your reason, switching insurance coverage companies is easier than you think.

Additional insurance coverage information is located below: