Sick and tired of being strong-armed to pay high insurance rates every month? Your situation is no different than millions of other vehicle owners.
Unbelievable but true according to a study nearly 70% of customers have bought insurance from the same company for at least the last four years, and nearly the majority have never compared quotes from other companies. The average driver in El Paso could pocket up to 70% a year by just shopping around, but most undervalue how much money they would save if they switch to a new company.
How to find affordable Honda S2000 insurance in El Paso
It takes a little time, but the best way to find lower priced car insurance rates is to make a habit of regularly comparing prices from companies that insure vehicles in El Paso. Price quotes can be compared by following these steps.
- First, try to learn about how your policy works and the changes you can make to keep rates down. Many factors that cause high rates such as accidents, traffic tickets, and a poor credit rating can be controlled by paying attention to minor details. Read the full article for ideas to keep prices down and earn a bigger discount.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or Allstate, while independent agencies can provide price quotes for a wide range of insurance providers.
- Third, compare the price quotes to the premium of your current policy to see if cheaper S2000 coverage is available in El Paso. If you find a lower rate quote, make sure there is no lapse in coverage.
One thing to point out is to make sure you enter the same amount of coverage on every quote request and and to look at as many auto insurance providers as possible. This ensures the most accurate price comparison and the best price quote selection.
Vehicle owners have so many insurance companies to choose from, and even though it’s nice to have a selection, more choices can make it harder to find a good deal for Honda S2000 insurance in El Paso.
It’s a good habit to do price comparisons occasionally due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you found the best rate on Honda S2000 insurance in El Paso a couple years back the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about insurance because we’re going to show you the fastest way to remove unneeded coverages and save money.
We hope to instruct you on the best methods to compare rates. If you have insurance now, you will be able to reduce the price you pay using the techniques covered below. But Texas vehicle owners benefit from understanding how big insurance companies determine premium rates because it varies considerably.
Most larger insurance companies such as GEICO, State Farm and Progressive allow consumers to get insurance quotes directly from their websites. Comparing Honda S2000 insurance rates online is very simple as you simply enter the coverage amounts you desire into the quote form. When the form is submitted, their system makes automated requests for reports for credit and driving violations and returns pricing information based on many factors. Quoting online for Honda S2000 insurance in El Paso streamlines rate comparisons, and it’s absolutely necessary to compare as many rates as possible in order to find the best rate possible.
To compare rates using this form now, compare rate quotes from the providers shown below. To compare your current rates, we recommend you replicate coverages and limits exactly as shown on your declarations page. Doing this assures you will have rate quotes based on identical coverages.
The companies shown below provide price quotes in El Paso, TX. If multiple companies are shown, we recommend you visit several of them to get a more complete price comparison.
Why you need insurance
Despite the high cost of buying insurance for a Honda S2000 in El Paso, insurance serves several important purposes.
First, most states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your S2000, more than likely the lender will require you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank or lender will purchase a policy for your Honda at a much higher rate and force you to pay the higher premium.
Third, insurance protects not only your car but also your financial assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If you have damage to your Honda as the result of the weather or an accident, your policy will cover the repair costs.
The benefits of insuring your S2000 outweigh the cost, particularly for liability claims. According to a 2015 survey, the average American driver overpays more than $825 a year so you should quote rates every year to help ensure money is not being wasted.
Lower rate quotes with these seven discounts
Auto insurance companies don’t always publicize every discount available in a way that’s easy to find, so we took the time to find some of the more common and also the more inconspicuous savings tricks you should be using when you buy El Paso car insurance online.
- Anti-lock Brakes – Vehicles with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.
- No Charge for an Accident – This isn’t a discount exactly, but a few companies such as GEICO and Allstate will forgive one accident before your rates go up so long as you are claim-free prior to the accident.
- No Claim Discounts – Insureds who avoid accidents and claims get the best auto insurance rates as opposed to insureds who have frequent claims or accidents.
- Multi-line Discount – Insurance carriers who offer life insurance give a discounted price on car insurance if you buy auto and life insurance together.
- Driver Education Discount – It’s a good idea to have your young drivers enroll in driver’s education in high school.
- Defensive Driver Discounts – Completing a safe driver course could save 5% or more and make you a better driver.
- Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
Policy discounts save money, but most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that it’s possible to get free car insurance, you won’t be that lucky.
Auto insurance companies that have most of these discounts possibly include:
If you are trying to find low cost El Paso car insurance quotes, ask each company or agent how you can save money. Depending on the company, some discounts may not apply to policies in El Paso. If you would like to choose from a list of insurers that offer the discounts shown above in Texas, click here to view.
Insurance agent or online?
Many people prefer to talk to an insurance agent and doing so can bring peace of mind A good thing about price shopping on the web is you can get the lowest rates and still have an agent to talk to. And buying from local agents is definitely important in El Paso.
Upon completion of this quick form, your insurance coverage information is sent to participating agents in El Paso that give free quotes for your business. It’s much easier because you don’t need to leave your computer because prices are sent directly to you. You can get cheaper auto insurance rates and an insurance agent to talk to. If you want to quote rates from a particular provider, you would need to go to their quote page to submit a rate quote request.
If you are wanting to purchase auto insurance from a local agent, you should know the different agency structures from which to choose. Auto insurance agents are considered either independent agents or exclusive agents depending on their employer.
Independent Auto Insurance Agents
These agents can quote rates with many companies so they have the ability to put coverage with any number of different companies and find the cheapest rate. If your agent finds better pricing, an independent agent can move your coverage and you stay with the same agent. If you are comparing auto insurance prices, we recommend you get some free quotes from independent agents in order to compare the most rates.
Featured below is a short list of independent insurance agencies in El Paso who may provide free auto insurance rate quotes.
Nationwide Insurance: Ed Flores Insurance Agency Inc
1400 N Zaragoza Rd e – El Paso, TX 79936 – (915) 857-3300 – View Map
Exclusive agents can only place business with one company such as Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so always compare other rates. Exclusive agents receive extensive training on sales techniques and that enables them to sell even at higher rates.
Listed below is a short list of exclusive agencies in El Paso willing to provide rate quotes.
Frank Parga Jr – State Farm Insurance Agent
4141 Pinnacle St #105 – El Paso, TX 79902 – (915) 532-1423 – View Map
Selecting an car insurance agent should include more criteria than just a low price. These are some questions your agent should answer.
- Do they specialize in personal lines auto insurance in El Paso?
- How are claims handled?
- Is working in the agency their full-time job?
- Are they able to provide referrals?
- Will your rates increase after a single accident?
- Do the agents have professional certifications like CPCU or CIC?
- Does the agency support the community they serve?
After you get reasonable responses to any questions you may have and a good coverage price, you may have just found an auto insurance agent that is professional and can insure your vehicles.
What car insurance coverages do you need?
Knowing the specifics of a car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages found on the average car insurance policy.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your Honda S2000.
Because many people have only the minimum liability required by law (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as vandalism, theft and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical expense insurance
Coverage for medical payments and/or PIP pay for bills for things like funeral costs, hospital visits, pain medications, ambulance fees and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
Auto collision coverage
Collision insurance pays for damage to your S2000 caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as sideswiping another vehicle, scraping a guard rail and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible on your S2000 to get cheaper collision coverage.
Coverage for liability
Liability insurance will cover injuries or damage you cause to other people or property by causing an accident. This coverage protects you from legal claims by others. It does not cover 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 values of 30/60/25 which stand for a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for things such as bail bonds, loss of income and emergency aid. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible. Texas requires minimum liability limits of 30/60/25 but you should think about purchasing more coverage.
The illustration below demonstrates why buying the state minimum limits may not provide you with enough coverage.
Low-cost Honda S2000 insurance in El Paso can be purchased on the web as well as from independent agents in El Paso, so you need to quote El Paso car insurance with both to have the best selection. Some insurance providers don’t offer online quoting and these smaller companies only sell coverage through independent agents.
When trying to cut insurance costs, it’s a bad idea to reduce needed coverages to save money. There have been many cases where an insured cut liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.
Steps to finding low-cost Honda S2000 insurance in El Paso
Really, the only way to find lower priced Honda S2000 insurance is to do a yearly price comparison from insurers who sell insurance in El Paso. You can compare prices by following these guidelines.
- Read and learn about auto insurance and the steps you can take to prevent high rates. Many rating factors that result in higher prices such as tickets, at-fault accidents, and poor credit history can be amended by making minor changes to your lifestyle.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Allstate, while independent agencies can quote prices for many different companies.
- Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in El Paso. If you can save money and make a switch, make sure there is no coverage gap between policies.
The key thing to remember is to compare identical coverage information on every price quote and and to analyze as many companies as you can. This guarantees a fair price comparison and the best price quote selection.
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