Don't forget there is no need for liability insurance when the car ain't on the road.

Mine goes in my garage in November and comes out in April so she's off the road for 5 months. USAA even emailed me a nice "Do Not Drive" notice to print out and stick on the car cover. Can activate it in the time it takes to cal the.

-- Chuck

 

Yes, very. Same insurance category as a Viper I'm told.

 

My 07 Subaru Legacy GT Spec B is my than my 02 s2k. I was actually surprised by that TBH, figured the soft top would be more. It was also cheaper than my old 02 Tundra. Trucks are more expensive to insure, at least in Alberta.

 

My 2002 and 2007 were around $275/ 6 months, full coverage...31 and clean record (KOW!)

 

Actually there is.

Let's do the math real quick.

If you got full coverage on your car and own the car 10 years before say a totaling accident you would have spent an extra $5000-$6000, but you'd get say $10-11k back from the insurance company in the event it's totaled. Having liability though, you get $0, so you're basically pissing that $300 a year away just to have the car legal to be on the road.

Throwing away $15,000 to save $5,000 is kinda...well...not a smart idea.

I had a '95 240SX with liability and hit a deer, ended up selling the car, which was running, for $1000. If I had full coverage, I would have had to pay $500, but restored the car to a value of nearly $3000. In the end I would have come out better having full coverage.

In summary, I'd just hate the idea that Im just "out" $11,000-$15,000. The premium difference multiplied by the years of ownership will not equal the value of the car unless your record is tarnished or you're really young. That's why full coverage is always worth it. You just never know when you might need it.

 

My 08 CR is $360 a year to insure as a third vehicle. Full coverage, 100/300/100. I have a clean record. My 2012 Honda Fit is my daily and it is about double of the S. My costs were almost twice as much when I was with Esurance beforehand.

Also, the difference between a 08 CR and my old 04 and 07 AP2s were probably within $20.

 

As an insurance agent I deal with this every day. Insurance rates depend more on the factors you CAN'T control such as where you live and how many claims have happened in that area on a vehicle of your class rather than what you CAN control like your driving record (accidents, tickets).

If you have a great driving record but live in an area that has had many claims on Honda S2000's or similar vehicles, your rates will be higher for that vehicle. Again, your driving record, years of driving experience, if you have your home or life insurance with the same company your vehicle price will be cheaper, any alumni or work group discounts will contribute, also your deductibles and the distances you tell them for your commute or annual distance (less or no commute does not always equal cheaper insurance...if the vehicle is left at home unattended all day all week and there are a higher rates of comprehensive claims (fire, theft, vandalism) in your area then having no commute might be more expensive)

Between countries it will vary and even between provinces/states it will vary as well. I'm in Ontario, Canada and our rates are more expensive than Alberta or Quebec because of how the government controls it.

Also, as a vehicle gets older, it doesn't mean the insurance goes down. As the vehicle gets older it is worth less, however as time goes on the vehicle will be involved in more claims and accidents potentially making it's insurance price go up.

I had a client with a 2000 Honda Civic four door and a C6 Z06. His Z06 was about half the price for full coverage because there are so many Civics on the road that they end up in more claims making them more expensive to insure. Typically, Corvettes stay in the garage and just get driven occasionally by mature drivers so their insurance rates are cheaper even though they're two door and 5 times the horsepower of the Civic.

All in all...there are too many variables to compare monthly or annual prices between S2000 owners on an international forum...

Remember, most of what you pay in insurance goes towards the payouts for fixing PEOPLE. The cost to fix a car is way less than the medical bills, rehabilitation and income loss a person will experience if they're injured in an automobile accident.

Hope that helps!

 

Yup. Agreed.

I totaled my daily driver in 2013. I had full coverage on it even though at the time that it was totaled the car was -- as far as I knew -- a sub-$10k car. Well, when it was all said and done, I was given a check for MORE than what I had paid for my little econo-box daily brand new in 2007 and that's including tax, tag, title and extended warranty. It was the only reason I was able to turn around and go straight out to a dealer and buy another brand new daily. Now I admit, I got an absolutely *killer* deal when I bought the thing new in '07, but still... This was one time that insurance shocked the heck out of me and came through for me to my benefit with flying colors. Because I had full coverage insurance (and took advantage of multi-car and renter's insurance discounts), I basically got to drive my little daily for 6 years for free.

For all I know, my insurance may have gotten partial reimbursement from someone else involved in the accident (since I also ended up getting hit by another car from behind), but I don't know about that and didn't have to care about any of it. The insurance company gave me a check and that was that. Done. Brush off the dust and move on.

 

Also, depending upon what you hit you might be getting sued for costs above the minimum liability you are carrying.

 

Collectible policy with Grundy. I have a DD 2013 2dr Civic SI which costs me $660 for 6 months..... And I have the value at $19000 if it were to get stolen or totalled