goblueS2K

I am in the process of changing my auto & home policy from Allstate to State Farm Insurance. (I would love to change to USAA, but don't qualify )

I understand many of you insure your S2000 for a set value, instead of going with what the auto insurance companies decide for a vehicle that is almost 20 years old.

May I ask how you determine this set value? Is there some sort of used car price guide that dealers use?

Chuck S

"Agreed value" can be obtained from some insurance companies. You just make up a number and, of course, pay a much higher premium to insure your S2000 for $150,000 than for it's NADA value of $15,000. Popular option for collector cars which the S2000 ain't yet.

-- Chucj

Scooterboy

I have mine insured through Hagerty for $40,000. Our insurance, Farmers, didn't want to go that high and I was afraid to see the premium.

I've seen your car and it is worth well more that Blue Book!

jukngene

To get a good idea of what prices S2000’s go for, I suggest looking at the results of recent auctions here: https://bringatrailer.com/honda/s2000/

By the way, when I totaled my ‘01 last July, USAA treated me very fairly giving me the market price of similar recent sales. Too bad you are not eligible for them.

Iyan112

I use Hagerty and currently set at 35k. May up the value to 40.

you can also use their valuation tool to give you an idea on value.
Valuation tool

Matt_in_VA

I also have my S insured with Hagerty for an agreed upon value of $50K. I was surprised by three things:

• I was able to arrange this through my local Allstate agent that we have been with for decades.
• It was only $108 a year more than I was paying Allstate.
• For an additional $5 a year if they total it, I get to keep it. My thought was that it it got totaled due to body damage and the drive train was still good that I could sell the engine and transmission.

I based the $50K figure knowing that I cannot replace the S, and I figured that $50K would make a nice down payment on a C-8 Corvette.

goblueS2K

For those who have Hagerty policies, does this mean you use another insurance company for your other vehicles?

Scooterboy

Yes. I have Farmers for my other two cars and house.

Matt_in_VA

Yes. As I mentioned I arranged the Hagerty policy through my Allstate agent where we have our Honda Fit Sport, Homeowners and umbrella policy with.

BTW: If you insure with Hagerty and are a member of their "Drivers Club" they send a high quality magazine with some interesting articles. In the latest one Jay Leno relays a story about Karma.

P.S. I really should look into USAA as Gene and others have mentioned. As a veteran I should qualify. On the other hand, I was also going to join the "Procrastinator's Club" but I never got around to it.

Matt_in_VA

The bottom line is: Just pick a number that you and they will agreed upon and if you can live with that quote for the policy go with it. If you wanted to you could probably insure it for a million dollars, if you could live with the premium?