Introduced in 2000, the Honda S2000 coupe sped into the hearts of car experts and car aficionados alike. Discontinued in 2009, this roadster is still a highly sought after collectible. But if you plan on using your Honda S2000 as more than driveway art, you'll want to make sure you have proper car insurance.
Not sure where to start? Find an independent agent who can help you search for multiple insurance quotes that will match your budget and coverage needs.
What Kind of Insurance Do You Need for Your Honda S2000?
Even with an older vehicle, you have a variety of insurance options available. You'll want to find the perfect blend of coverage for when you use your vehicle in addition to meeting required limits that are set by law. Your agent can help you determine what you need. If you'll be using your Honda S2000 as your daily drive, you may want to consider getting above the required minimum.
Most states mandate the following coverage:
Bodily Injury Liability
No matter how safe of a driver you are, there's a 77% chance you'll get in an accident at some point in your life. If you're at fault in that accident, bodily injury liability coverage reimburses the other driver for any medical costs and lost wages that may result from the accident you caused.
Property Damage Liability
Sometimes you run into other people's things that aren't their vehicle. We're talking about that unfortunate event where you run into someone's fence or back into their mailbox. This is considered property damage and if you happen to find yourself in this situation, your property damage liability coverage pays to repair or replace whatever you hit while driving.
Many states also require this coverage:
Getting in an accident can result in costly injuries to you and your passengers. That's why 15 states currently mandate that you have proper medical payments or PIP coverage as a driver. These states are:
- Maryland (unless a waiver is signed at initial purchase of the policy)
- New Jersey
- New York
- North Dakota
Every state has its own rules about which type of insurance you can buy and how much you must carry. If you are in an accident, this helps pay the bills associated with physical recovery for you and your passengers.
Did you know that 13% of drivers don’t have auto insurance? As surprising as that may sound, that means you're at risk of being in an accident with someone who has limited or no insurance. If this happens and you're not at fault, you're still stuck paying for all the costs associated with the accident. Uninsured motorist coverage provides reimbursement for these costs. You can also choose to get underinsured motorist coverage, which kicks in when the policy limits of the other driver are insufficient to pay for any losses you sustain.
Even though a car is a huge chunk of metal, it's not meant to collide with other things without sustaining damage. Colliding with another vehicle or an object like a light pole or stop sign can cause thousands of dollars in damage. Collision insurance steps in for these claims and pays to repair your vehicle. Even though collision insurance is optional, it's highly recommended if you'll be driving your car frequently.
A variety of other incidents can cause damage to your car, from Mother Nature blowing a hailstorm through your town to an unfortunate encounter with a wild animal or vandalism. Comprehensive coverage pays for everything that collision insurance does not up to your policy limits and after your deductible.
Glass coverage is a low monthly premium coverage you can purchase to help with the costs of repairing a windshield. Driving around with a cracked windshield is not only dangerous but also illegal. Replacing a windshield can cost upwards of $400. Glass coverage typically has no deductible and greatly reduces the cost of windshield repair and replacement.
If you had to take a loan out to purchase your Honda S2000, you may want to consider gap insurance. In a total loss, you would still be responsible for the remaining payments to your lender. Gap insurance covers the difference between what the car is worth and what you owe.
What Affects the Cost of Car Insurance for Your Honda S2000?
Whether you plan to use your Honda S2000 as a classic collectible or an everyday ride may impact your car insurance premiums. The more you drive a vehicle, the more at risk you are of getting in an accident. For this reason, drivers who put a lot of miles on their vehicles will experience higher premiums.
Good driving is rewarded among car insurance companies. If your driving record is full of recent violations, you can expect a hike in your insurance premiums until the violations fall off your record. Your independent insurance agent can help you determine when any violations will expire from your record.
Your Car’s Value
Expensive cars cost more to insure. The fact that the Honda S2000 hasn't been produced since 2009 definitely lowers the price point, but the 2009 model can still run you into the mid $20,000s. The lower your car price, the lower your premiums will be.
|Average Price of a Honda S2000|
|2009||$22,625 - $27,175|
|2008||$21,675 - $26,250|
The Safety of Your Honda S2000
Insurance companies will take the safety of your vehicle into consideration when setting premium costs. The National Highway Traffic Safety Administration (NHTSA) gave the 2009 Honda S2000 four-out-of-five stars in overall frontal crash tests for the driver and the passenger, and five-out-of-five stars in the driver side crash test.
Where You Live
You may be surprised to learn that where you live has an influence on your insurance rates. Drivers who live in more populated areas will generally have higher premiums than those who live in rural towns, due to increased risk of incidents like collisions or theft.
What Is the Average Cost to Insure a Honda S2000?
As you can see, the cost of your car insurance will vary depending on a number of factors. The price will also depend on which car insurance company you go with. On average, it costs between $800 and $1,200 annually to insure the most recent Honda S2000. However, high-risk drivers, like teens, can expect to pay much more than low-risk drivers because they're riskier to insure.
Which states are most affordable and least affordable for car insurance?
Estimated annual car insurance premiums in the United States:
|Most Expensive States:|
|Most Affordable States:|
How Can You Save on Honda S2000 Insurance?
Insurance companies offer plenty of ways to save you money on car insurance, including:
Choosing a higher deductible may also help you save money on your monthly premiums.
Top Insurance Companies That Insure the Honda S2000
No two insurance companies are exactly alike, meaning it’s important to select an insurer that fits your needs. The insurance companies that offer the most affordable insurance rates for the Honda S2000 include:
- American Family
- State Farm
Your independent insurance agent will help you shop for coverage and find a company that meets your needs as a driver.
Get a Honda S2000 Quote
There are plenty of perks to working with an independent insurance agent. Your agent will get quotes from top insurance companies, finding you the best rate. Visit TrustedChoice.com to learn more about specific coverages and to find a local agent. An independent agent works for you, so you can get unbiased advice about all your insurance needs.
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