How to Compare Madison Honda S2000 Insurance

Insurance for Honda S2000It’s an obvious assumption that insurance companies don’t want you to look for a cheaper policy. People who get comparison quotes at least once a year will presumably buy a new policy because there is a good chance of finding discount prices. Remarkably, a study showed that people who routinely compared quotes saved approximately $3,400 over four years as compared to drivers who never shopped around for cheaper prices.

If saving money on auto insurance in Madison is the reason you’re here, then learning a little about the best way to compare insurance premiums can help make the process easier.

The best way to find cheaper quotes for Honda S2000 insurance in Madison is to annually compare prices from insurers that insure vehicles in Wisconsin. Drivers can shop around by following these steps.

Step 1: Try to learn a little about how companies set rates and the modifications you can make to keep rates low. Many rating factors that result in higher rates such as traffic violations and a negative credit history can be controlled by being financially responsible and driving safely.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agents can quote rates for a wide range of insurance providers. View prices

Step 3: Compare the new rates to the price on your current policy to determine if switching companies saves money. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Notify your current company of your intention to cancel the current policy and submit a completed policy application and payment to the new insurer. Be sure to keep your new certificate verifying coverage in an accessible location in your vehicle.

A tip to remember is to try to compare similar deductibles and liability limits on every quote request and and to compare every insurance company. This enables a fair price comparison and plenty of rates choose from.

Locating the most cost-effective auto insurance policy in Madison is actually quite simple. If you’re already insured, you will most likely be able to cut your premiums using the ideas covered in this article. Although Wisconsin vehicle owners do need to understand how insurance companies determine prices and use it to find better rates.

Companies offering Honda S2000 insurance in Wisconsin

The car insurance companies shown below are our best choices to provide free quotes in Wisconsin. If multiple companies are listed, we recommend you visit as many as you can in order to find the cheapest rates.

Affordable rates on Honda S2000 insurance in Madison with these six discounts

Some providers do not list every discount they offer in an easy-to-find place, so we took the time to find a few of the more well known as well as some of the hidden credits that may apply to you.Discount insurance

Policy discounts save money, but most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as comp or med pay. Even though it appears having all the discounts means you get insurance for free, you’re out of luck.

Auto insurance companies that may include some of the above discounts include:

If you need lower rates, check with all the companies which credits you are entitled to. Discounts may not be offered in Madison. For a list of insurance companies with the best discounts in Wisconsin, click here.

When should I contact an agent?

Some consumers would rather get professional advice from a licensed agent and doing that can be a smart decision The biggest benefit of comparing insurance online is the fact that you can find the best rates but still work with a licensed agent.

Insurance agents in MadisonUpon completion of this simple form, the quote information gets sent to insurance agents in Madison who can give free rate quotes for your coverage. There is no need to contact any agents since rate quotes are delivered directly to your email. You’ll get the best rates and a licensed agent to talk to. If you have a need to get a comparison quote from a specific insurance provider, don’t hesitate to visit that company’s website and fill out their quote form.

Finding the right insurer needs to be determined by more than just the premium amount. Any agent in Madison should be willing to answer these questions.

If you need to find a local Madison insurance agent, there are two different types of agencies from which to choose. Insurance policy providers can be categorized as either exclusive agents or independent agents.

Exclusive Agents

Exclusive agencies generally can only insure with one company such as Allstate, State Farm and Farm Bureau. They generally cannot compare other company’s rates so you need to shop around if the rates are high. Exclusive insurance agents are usually well trained on their company’s products which helps offset the inability to provide other markets.

Below is a list of exclusive agents in Madison willing to provide comparison quotes.

624A Struck StMadison, WI 53719(608) 271-9395View Map

621 N Sherman Ave, Ste B16Madison, WI 53704(608) 222-1400View Map

5555 Odana Rd #201Madison, WI 53719(608) 278-7055View Map

More insurance agents

Independent Agents

These type of agents can sell policies from many different companies and that allows them to write policies through many companies and find the cheapest rate. If they find a lower price, your agent can just switch to a different company which is easy for the insured.

If you need lower rates, you definitely need to include price quotes from multiple independent agents for the best price selection.

Shown below are Madison independent insurance agencies who can help you get price quote information.

2960 Triverton Pike Dr Suite 101Madison, WI 53711(608) 273-3325View Map

2929 Atwood AveMadison, WI 53704(608) 250-2501View Map

1520 Vernon StMadison, WI 53703(608) 251-0022View Map

More insurance agents

Once you have received acceptable answers as well as the cheapest Honda S2000 insurance in Madison quotes, you may have just found a car insurance agent that meets your needs to provide insurance coverage.

Insurance coverage basics

Understanding the coverages of insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Honda S2000.

Due to the fact that many Wisconsin drivers carry very low liability coverage limits (Wisconsin limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like hitting a mailbox, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible on your S2000 to bring the cost down.

Comprehensive coverage (or Other than Collision)

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as fire damage, rock chips in glass and damage from getting keyed. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability

This provides protection from injuries or damage you cause to other people or property in an accident. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/10 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage pays for things such as medical expenses, court costs, medical services and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Wisconsin state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy higher limits.

The next chart shows why the minimum limit may not be enough.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses for things like rehabilitation expenses, EMT expenses, pain medications and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Best auto insurance in Madison

Selecting a highly-rated company is hard considering how many companies are available to choose from in Wisconsin. The rank data shown next can help you analyze which auto insurers to look at when shopping your coverage around.

Top Auto Insurance Companies in Wisconsin
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
Compare Rates Now Go

Data Source: Best Car Insurance Companies

One last note

As you shop your coverage around, it’s not a good idea to sacrifice coverage to reduce premiums. In too many instances, an insured cut comprehensive coverage or liability limits and discovered at claim time they didn’t have enough coverage. Your objective should be to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

We just covered a lot of ways to reduce Honda S2000 insurance prices online in Madison. The key concept to understand is the more you quote Madison auto insurance, the more likely it is that you will get a better rate. You may even find the lowest prices come from some of the smallest insurance companies. They may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.

More detailed car insurance information can be read at these sites: