I'm crossing my fingers and hoping the insurance folks will just look at the engine choice: "Hmm... 4 cylinders? Must be economical. Lump it with the Miata." Nice dream, huh?
Is the Miata fairly cheap to insure? I really don't see why the Elise should be far off a Miata in classification for insurance purposes. Considering there will be few cars on the road which will be less odds of people writing them off and there won't be a considerable number of claims for them to take notice. Hopefully we will get some good premiums.MotorCade said:I'm crossing my fingers and hoping the insurance folks will just look at the engine choice: "Hmm... 4 cylinders? Must be economical. Lump it with the Miata." Nice dream, huh?
and the price of replacement parts. If you do any sort of damage to the elise, you're going to be replacing a very expensive shell - insurance companies will not like that.LarryB said:A big factor in setting the initial rate is the value of the car. With a Elise costing a good 50% more then a Miata, it will most likely cost a fair amount more to insure. Hope for the best but be prepared to be surprised.
That wasn't my experience with my current car. Insurance started out fairly cheap, and then the premiums were raised repeatedly, while my record stayed clean. It looked like they didn't realize what kind of car it was, or underestimated how much people would crash it.eliseNW said:and will then set the rates conservatively, meaning expensive for you, most likely profitable for them.
I could be mistaken, but it sound like you were trying to get the most costly quote possible... $600 for six months doesn't sound too bad...GeorgeH said:I happened to talk with my agent today. They quoted me about $600 for six months, based purely on an asking price of $40k. I pressed a little more, saying it was a sports car, etc. When I compared it to a Boxster, her reply was "oh no problem - you can stay in the preferred rates bracket." I then explained it was made of aluminum, brought up repair costs, etc. but that didn't seem to register. So I compared to an NSX and then she said "That's considered a performance car. If the Elise is classified as such, the rates will be higher."
So, I don't think she understood the issue of repair costs - as others have stated, we just have to cross our fingers and wait. But let's hope they consider it a sports car, as opposed to a performance car. Based on the power and top speed, I'm guessing they will consider it a sports car.
This was Farmers BTW, in OR. They also quoted me $550 for an RX-8, $450 for a newer Miata, and I pay $350 for my '94 Miata. I'm 38 with a few tickets in my driving record.