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Old 10-03-2012, 12:45 PM   #1 (permalink)
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:mad: Insurance :mad:

Hi All, who insures your Lotus in the GTA, how much coverage do you have and what should it cost me. Have 1 quote so far for $2500 a year. Seems a bit stiff to me. Any info appreciated. If this conversation has already happened can you direct me to the thread?

Thanks, Roger.
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Old 10-03-2012, 06:03 PM   #2 (permalink)
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Sounds about right... I am paying more for my Evora, but I am in the most expensive postal code... (L3T)


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Old 10-03-2012, 06:12 PM   #3 (permalink)
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I'll paying $1,428 a year but im in SC 29624 :P I have progressive and when i told them what kind of car it was they didnt know and didnt have it in there system so they just asked me how much is it worth. and insured me. might i add didnt even ask if it was a salvaged title. (it is)
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Old 10-03-2012, 07:22 PM   #4 (permalink)
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I paid around $500 per year, I'm 29 years old with comprehensive coverage through American Collectors. You have to prove that you have another DD car, which I do and I'd bet most Lotus owners do too. And you can't drive the car over 5000 miles a year, and living in the midwest, the car sits for 4 months a year, so that limit wasn't a problem for me. Call them and check it out, if it fits your situation.

Insurance for Collector Cars and Collectibles | American Collectors Insurance
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Old 10-03-2012, 07:56 PM   #5 (permalink)
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$1750 per year, in dowtown Toronto, 6,000 km/year
Of course, this price is if you drive it year round. Want to lower it though...
$500 deductible, no glass coverage
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Old 10-03-2012, 08:01 PM   #6 (permalink)
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holy **** i don't miss ontario when it comes to insurance!! i was paying 100+/month before i left with a 7* rating @ age 26 and _no_ comp/collision to boot! on a 1990 CHEVY CAVALIER in 2005!! i feel for ya
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Old 10-04-2012, 06:03 AM   #7 (permalink)
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$1148/yr for an '08 Elise SC in Ottawa. 51 yrs old and am insuring 3 other cars and my house with Economical. Find yourself a broker. They'll figure out the best deal.

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Old 10-04-2012, 06:27 AM   #8 (permalink)
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I'm with Dominion of Canada, live in Alberta (T6J) 51year old male, ideal driving record, multi policy, multiple vehicle discount.
$1,178 full coverage incl. collision.

07 S220 Exige
$1million plpd
$1000 collision deductable
$500 comp. deductable
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Old 10-04-2012, 08:34 PM   #9 (permalink)
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GTA is a whole different ball of wax... We have the privledge of living in probably the most expensive area of the continent to insure a car, much of which stems from the lack of crackdown of the blatent fraud that's going on (staged accidents, staged injuries, etc.).

Even my Prius is now over $2k on a perfectly clean driving record, and same with the Highlander Hybrid that we have. A difference in postal code (M3B to L3T, just 6km away) resulted in over a 25% jump.

:
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Old 10-04-2012, 08:39 PM   #10 (permalink)
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Quote:
Originally Posted by jwb4bb View Post
I paid around $500 per year, I'm 29 years old with comprehensive coverage through American Collectors. You have to prove that you have another DD car, which I do and I'd bet most Lotus owners do too. And you can't drive the car over 5000 miles a year, and living in the midwest, the car sits for 4 months a year, so that limit wasn't a problem for me. Call them and check it out, if it fits your situation.

Insurance for Collector Cars and Collectibles | American Collectors Insurance
Ditto here.. I was their first customer and provided the documentation to start their coverage for the Lotus. They have been great
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Old 10-05-2012, 04:31 AM   #11 (permalink)
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Hmm.. I got a web quote at about $450 / yr, stated value full coverage. Then, I got a quote via email at $550. Then, when calling, they said that if I would be driving it to work ever (even well under their annual limit, AND having a two other DD's), I would need the freedom plus plan, $850. Not liking them too much, and I am a USAA member. The same coverage is available for me through american modern for $569 / yr.

Anyone using American collectors get around this?
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Old 10-05-2012, 08:48 AM   #12 (permalink)
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Thanks All
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Old 10-09-2012, 06:37 AM   #13 (permalink)
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I pay $1600 a year full coverage with $1000 deductable.
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Old 10-11-2012, 08:24 AM   #14 (permalink)
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just over $1800 per year, 16000km, two cars and a house on the policy
40 years old, living in Scarlem (M1H postal code)
Wawanesa insurance.

Uglyduck, which insurance company are you with?
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Old 10-11-2012, 08:35 AM   #15 (permalink)
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i pay 600 a year full coverage (all state)
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Old 10-11-2012, 09:31 AM   #16 (permalink)
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Not sure what the Elise alone costs. Insurance for my house, 06 flat bed trailer, 05 Elise, 05 Jetta, 98 Dodge 2500, and 2 98 Jeep ZJs runs me about 175/month
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Old 10-11-2012, 11:13 AM   #17 (permalink)
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I'm currently in the market for a Elise. I have Nationwide for my car and they wont cover a Lotus, I have progressive with my motorcycles and a 2005 Elise would only be 27$ a month for the min full coverage... I'm only 24 but I have zero points on my license. Grundy would have only been 24x$ a year but I'm not 25
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Old 10-11-2012, 11:14 AM   #18 (permalink)
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Quote:
Originally Posted by BODYSHOPELISE View Post
i pay 600 a year full coverage (all state)
I tried calling them, they claimed they wont cover Lotus. Some company's pick who they want to cover it seems at times
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Old 10-11-2012, 11:21 AM   #19 (permalink)
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Originally Posted by Sburke View Post
I'm currently in the market for a Elise. I have Nationwide for my car and they wont cover a Lotus, I have progressive with my motorcycles and a 2005 Elise would only be 27$ a month for the min full coverage... I'm only 24 but I have zero points on my license. Grundy would have only been 24x$ a year but I'm not 25
Didn't Grundy stop doing collector policies unless you have multiple collectors? I used to have Grundy but they switched everything up and I couldn't insure anymore with them. I now use Barrett Jackson. I think I'm around 750 a year for the Evora. I pay more in insurance for my 10 year old Bimmer. And with that said I am now going to start looking at new quotes for the Bimmer.
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Old 10-11-2012, 11:23 AM   #20 (permalink)
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Originally Posted by ItsThaMonsta View Post
Didn't Grundy stop doing collector policies unless you have multiple collectors? I used to have Grundy but they switched everything up and I couldn't insure anymore with them. I now use Barrett Jackson. I think I'm around 750 a year for the Evora. I pay more in insurance for my 10 year old Bimmer. And with that said I am now going to start looking at new quotes for the Bimmer.
Not sure. I was shopping around for quotes earlier and they claimed if I were 25 that would be the amount. I have a few months to go. But under 30$ a month with progressive.. I can't complain
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