Where America Goes for Insurance Rate Information
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If you’re looking for a new car, you have probably already considered fuel economy, safety ratings, size, and price. But one factor a lot of carbuyers forget to evaluate is the cost of insurance. Insurance is one of the biggest expenses associated with driving, so it makes sense to think about this cost ahead of time. All you have to do is give your insurance agent a call to get more information about how much it will cost to insure the vehicle you’re thinking of buying. If that vehicle is the Honda S2000, you are probably in for an unpleasant surprise—this is one of the top 10 most expensive cars to insure. In this post, we’ll explain why.
The kind of car you buy will have a profound effect on comprehensive and collision coverage in particular. To some extent, your premiums will also be based on how likely the car is to be stolen. Vehicles that are the most expensive to insure, like the Honda S2000, tend to be either performance cars, expensive cars, or cars that are costly to repair. Part of the reason the Honda S2000 costs so much to insure is that it is considered a sports car, which insurers view as a high-risk category. Usually, vehicles with higher performance and higher horsepower tempt the driver to go faster and drive more recklessly, which means more accidents. In addition, most sports cars are driven by younger drivers, who tend to take more risks and crash more often. Finally, size matters. Smaller cars are not necessarily lower-risk vehicles. In fact, small sports cars are in more crashes and their drivers tend to drive at higher speeds.
When you consider the factors that impact insurance premiums, it’s not surprising to learn that the Honda S2000 is more expensive to insure. It is a small sports car, which insurers view as risky. In addition, it has considerable appeal to car thieves, which also raises premiums. The Honda S2000 has a 0-60 mph time of under six seconds, which insurers also see as a red flag that owners will be likely to engage in high-speed driving. Here are some quick facts about the 2008 Honda S2000:
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