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post #1 of 29 (permalink) Old 08-27-2019, 11:28 AM Thread Starter
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Insurance costs

I am getting close to purchasing a evora (been debating on evora 400 or Alfa gulia quad) and called my insurance company today for quotes on a evora and Alfa.

Alfa was $1,200 a year while the lotus was $3,200 with both cars being insured at less then 5,000 miles a year with no winter driving.

Financially the evora is already at the limit for what I can afford and almost $300 a month is higher then I expected. Any suggestions on who to use/call for a insurance quote? I am almost 50 yrs old with a clean record
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post #2 of 29 (permalink) Old 08-27-2019, 11:46 AM
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I think Consumer Reports ranks/rates insurance companies.

All states are different, so most advice here wouldn't be useful.

Just call around and track on a spreadsheet.

If you're single, track on a bedsheet....

05 elise (BOE Rev300 supercharged, SSRs, shift tower mods, Multivex; HID hi/low beams); 05 Corolla XRS. Past '72 Elan Sprint (I restored), Lotus 7 w/X-flow, TT Supra, Bugeye Sprite, BMW 2002 & 2002tii, '65 GTO.

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post #3 of 29 (permalink) Old 08-27-2019, 12:51 PM
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Shop around, I pay under $1,500 for my 2018 Evora 400. I carry max coverage but a good thing to do is up deductible to $1k, that save a bunch

Current:
2018 Lotus Manual Evora 400
2015 Huracan VF800 Supercharged
2018 Audi SQ5

Past:
2012 R8 Manual V10 VF750 Supercharged
2009 R8 Manual V8 VF550 Supercharged
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post #4 of 29 (permalink) Old 08-27-2019, 02:26 PM
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Try State Farm, I'm 65 and my 17 Evora 400 is $1,600 a year, I have 3 cars with them and life and renters
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post #5 of 29 (permalink) Old 08-27-2019, 03:23 PM
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Yes, evora is a lot higher than any other cars I have owned including an F-Type R, Vette, M3, 911 etc. I have 2 cars and homes and an umbrella with Liberty and I still pay $4400 for auto coverage only because of the Evora despite a $1k collision deductible. I am 36, married, clean driving record etc.

Par for the course.
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post #6 of 29 (permalink) Old 08-27-2019, 03:30 PM
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I pay $1900/year for two cars (Evora 400 and 2004 F150) through USAA with a $500 deductible.

2017 Lotus Evora 400 (6-speed) Yellow on Black

2014 Lotus Evora S 2+2 (6-speed) Verde Ithaca paint with Ebony Black/Red piping interior {Sold}

2010 Lotus Evora, White with Paprika interior, (6-speed){Traded-in}
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post #7 of 29 (permalink) Old 08-27-2019, 04:11 PM
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Evora Insurance

We have Erie for the cars as well as Erie home insurance.

An older driver at 75.

Allowed 8500 miles per year.

Traded in the '12 IPS 2+0 Evora after 7 years and 41K miles for a new '18 Evora 400 2+2.

Insurance for the 400 vs the '12 went up a bunch from $361 to $639 per year!

SOLD-2005 Elise Starlight Black, hardtop, touring pack (36K+miles). SOLD 2012 Evora IPS 2+0 Starlight Black Larini Sport Valved (40K+miles). 2018 Evora 400 Starlight Black 2+2, purchased June 2018. 2012 Elantra, 2005 Astro Van.
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post #8 of 29 (permalink) Old 08-27-2019, 05:27 PM
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What state are you in? Age?
I’m early 50’s with a teenage driver and pay $1200 in NJ which is a high cost state.
Your quote sounds crazy high unless you are a 20s male with accident history.
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post #9 of 29 (permalink) Old 08-27-2019, 05:40 PM
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American Modern is a specialty insurance provider and I pay 1300/yr with good coverage and low deducitbles. 6k per year policy
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post #10 of 29 (permalink) Old 08-27-2019, 06:47 PM Thread Starter
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Thanks for the opinions/info everyone! Quite relieved hearing many pay quite a bit let then I was quoted.

I am in Ohio, 49 yrs old and single, no kids, clean record....

I called another insurance company, itís a company who I use to use for my cars in the last, have my Buell motorcycle insured through this hem, hopefully get a call from them tomorrow on their cost.
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post #11 of 29 (permalink) Old 08-27-2019, 07:53 PM
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Check with Hagerty. They came in significantly below State Farm for me, and I have everything else in my life insured with SF (multi-car, multi-line, etc.)


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post #12 of 29 (permalink) Old 08-27-2019, 08:02 PM
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I had State Farm for years and they wanted something crazy, like $3,000/yr., to add my Evora to a plan that previously just had a Mazda sedan. I searched around and most places wouldn't insure the Lotus at all. I tried Geico and was surprised to learn it was cheaper for me to add the Mazda and Evora than it was for me to remain with State Farm. I was probably being ripped off as I had had SF forever (since I was a teenager, even) and of course no insurance company is going to lower your rates without you threatening to switch.

I have comprehensive and collision on both cars, with uninsured and under-insured coverage ($250k) and $100k property damage liability. $2k deductible for the Evora. My premiums are just a hair over $1,000 a year, and shockingly just $520 a year for the Evora. I've also never had a collision or claim though, knock on wood.

2011 NA Evora
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post #13 of 29 (permalink) Old 08-27-2019, 09:32 PM
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Def check with Haggerty.
I've got my Elise and '74 MGB with them, - both garage queens tho, I forget how many miles I'm allowed on my specific policy, but I pay $600 a year.

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post #14 of 29 (permalink) Old 08-27-2019, 10:15 PM
MGB
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Quote:
Originally Posted by Gizmo3000 View Post
Def check with Haggerty.
I've got my Elise and '74 MGB with them, - both garage queens tho, I forget how many miles I'm allowed on my specific policy, but I pay $600 a year.
Sweet, I have a 74 MGB too! A black one with overriders and SUs.

2011 NA Evora
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post #15 of 29 (permalink) Old 08-28-2019, 04:48 AM
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I'm over 65 (and that's all I'll admit to) and in Tennessee, I have a clean record for the moment. I'm with Safeco and insure five vehicles with them including two bikes. The Evora is about $1600 which is over three times what I pay for my modded GTI but that's not worth 25% of the value of the Evora.

Haggerty didn't offer me a lower price but did require lower annual milage.

Lew
'17 Evora 400 MT
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post #16 of 29 (permalink) Old 08-28-2019, 05:23 AM
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I'm 46, no points or accidents and I pay 1,400 annually with Geico on my 2017 Evora 400 for max coverage, full tort (right in PA to sue for things other than direct vehicle or medical expenses), and a 1,000 deductible. I do almost 10K miles per year.

Last edited by 15mpge400; 08-28-2019 at 05:31 AM.
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post #17 of 29 (permalink) Old 08-29-2019, 05:40 AM
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I'm 31 and only pay $2200 a year through Grundy's MVP program. The catch is that you need to insure 100,000 worth of vehicles with them, which is easy when one car is 80-90k.

Current:
2018 Evora 400 Metallic Black Manual
1998 Volvo V90 silver L59/4L60 swapped
1970 Honda CT70 Red

Sold:
2017 Audi R8 Silver V10/DCT
2010 Evora Carbon Grey Manual
12 others...
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post #18 of 29 (permalink) Old 08-29-2019, 07:58 AM
MGB
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Quote:
Originally Posted by tye-bo View Post
I'm 31 and only pay $2200 a year through Grundy's MVP program. The catch is that you need to insure 100,000 worth of vehicles with them, which is easy when one car is 80-90k.
Do you mind sharing your coverage limits and deductibles? One day I'd like to upgrade to the 400, but I'm wondering if my insurance would shoot up.

2011 NA Evora
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post #19 of 29 (permalink) Old 08-29-2019, 09:53 AM
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Quote:
Originally Posted by MGB View Post
Do you mind sharing your coverage limits and deductibles? One day I'd like to upgrade to the 400, but I'm wondering if my insurance would shoot up.
100/300/100, with $1000 deductible, and uninsured motorists for 100/50. Also, I have multiple cars on that policy, so that's why it looks a bit high.

Current:
2018 Evora 400 Metallic Black Manual
1998 Volvo V90 silver L59/4L60 swapped
1970 Honda CT70 Red

Sold:
2017 Audi R8 Silver V10/DCT
2010 Evora Carbon Grey Manual
12 others...
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post #20 of 29 (permalink) Old 08-29-2019, 03:35 PM
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Insurance policies are only as good as their claims process. Over the past 20 years, I have had claims with Liberty, Allstate, Geico and Progressive and they have all been honest and relatively easy to deal with when you need to make a claim.

These specialty / niche companies like Haggarty or Grundy - can you guys post up if you have any claims experience with them and how it went?
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