I found an Elise and am seriously considering to buy it this week. Right now I have a Miata as an only car and have liability insurance only and pay $242 for 6 months coverage (100/300/50, no collision or comprehensive coverage). I just checked on insurance for the Elise and it looks like it will be around $980-1130ish or so for 6 months. Is this normal? I am 27 years old and live in the bay area, CA.
Buying 05 Elise, insurance quote for $980 for 6mo ($163/mo). normal?
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I'm in the bay area too, age 24 now. My first 2005 Elise I got new, paid close to 250/month... my second 2005 Elise I bought used, I now pay about 120 a month... My deductible is a little higher, but unless you have a really bad driving record that sounds like a pretty crappy quote on a used car
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Do you have any tickets or accidents?
In 2001 I totalled 2 cars. I was quoted $1030 by an insurance company who did not know about these. I was quoted $980 by USAA who knows about both of the wrecks.
Maybe
only if you are on dads policy and less than 5K miles a year........otherwise I think they made an error in computation....
Sorry for being vague. I have liability only on the Miata, but if I get the Elise I will have full coverage and it is the above listed amount.
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Gotcha. That price is about right for the Elise as an only car. It would be less to insure two cars if one is not worth much and you declare it as your primary vehicle. Lotus + beater might drop it down to under $100/month total.
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Why? If you can afford it, you better be able to afford to wreck it.
$67 per six months.
Also, buy a beater as your "primary car."
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Market area has a lot to do with it but when I was insuring an Elise and 93 Miata (full on Elise, liability on Miata) with Miata as primary and Elise as pleasure. I was paying about $120 a month with Allstate. I'm 25 and in TX, hope that helps.
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