Hey. I don't own an S2000 YET. My parents agreed to get me one (just graduated from high school last year, just turned 18 last month). Here's the thing. I have half the money for the beloved 2-door convertible, and my parents agreed to pay the other half (thank God). There was condition though. In order for me to keep my beloved car, I need to pay for the insurance. I know that insurance is expensive for sports cars, but I was wondering if any of you had a basic analysis. My parents use AAA, and I don't know their rates. Help please? Thanks. If you could tell me how much the insurance would be (in general) for the first few years, that would be great.

 

Do you have an points on your record?

When I got my first S2000 I was 19 years old and no points/wrecks on my driving record. It was $308/month. Now I'm 20 and it's $224/month..

But then again, you are going to be on your parents insurance.. it should be quite a bit cheaper for you. I was on my own policy.

 

My record is clean. But my parents mentioned something about your grades having to be a "B" or higher to get a cheaper rate....something like that. Can't remember anymore. The thing is, do the grades still count? even your 18? I'm sorry, I'm braindead to the statistics in the money handling of the car. All I know is that I want the car and I want to make it into something sweet.

 

Rates vary on lots of factors...location being one of them, big city, open farmland, suburbs...

You should just call around insurance companies and ask for rates. There have been quite a few threads about what people are paying for insurance so you can search on those here... ranging from $600/yr all the way to $6000.

 

Yeah your grades do matter if you are a student. I get 15% off of my insurance if I keep a B+ average in college.

 

Just call AAA and ask for a quote. Cost nothing. You'll just be adding your car to their policy.

 

If my kids' grades were not a "B" or higher, they certainly wouldn't derserve to be in an S2000, period. Had to say it.

Just the same, call a few insurance companies and see what is what. Often, if you have a parent on the policy, the rates are lower. Having a clean driving record, attending school and earning GOOD grades, and having completed driving school often helps with insurance rates.

 

If your insurance will not be high now it will be later after you wreck the S2k. This is simply not a car for someone without a lot of driving experience.

 

Try www.esurance.com I got a pretty good quote off them the other day. It will however most like be cheaper if your go in on your parents plan. Depends on what kinda coverage they have.

 

or go to www.progressive.com

it'll give you a ballpark figure. They're not always the cheapest, but have a good price on average for comparison sake atleast.