Had no problems with my current company- State Farm giving me a quote or covering the Elise.
Who Will Insure My Elise When It Arrives?
Hey guys, I just called up my insurance company Liberty Mutual for a quote on what the Elise will run me in insurance every year, and they told me that they don't insure Lotus'. I then called Geico and they told me that they don't insure them either. I have done a search on this forum and I have only found that people have used Grundy and Hagerty, but I am going to use this as a daily driver and I would like to get a regular insurance company instead of insuring it as an antique. I will probably put around 10K in miles every year. Does anyone have any other suggestions or have you used any other insurance companies that will insure this car? Any help is appreciated. Thanks -Michael.
1 - 20 of 37 Posts
I was able to get a quote from Progressive over a month ago...they quoted the same rate I am paying for my Miata.
Liberty Mutual gave me a quote two weeks ago. They needed the MSRP because they didn't have it. Tell your agent to call underwriting.
Thanks for the replys. BTC, do you mind telling me what Liberty quoted you and your age, etc so I can get a feel for what I will pay with them. I will call them back tomorrow. Thanks -Michael.
Mercury Insurance gave me a quote. They gave me a $100 range on their six-month rate ($675-775) because they can't find the data they need, but based on the price and guesstimate for a high performance convertible, they estimated that amount for me (over 50, married, no tickets).
I had checked with Geico a few days ago and got this reply:
Thank you for your inquiry.
The Lotus Elise is not a car we list on our database. Due to
the high value of this car it will need to be manually calculated.
I'd like to encourage you to obtain a quote by calling one of
our insurance counselors at 1-800-861-8380. They will be happy
to provide a quote over the phone for you 24-hours a day, 7 days
a week.
Thank you for your inquiry.
The Lotus Elise is not a car we list on our database. Due to
the high value of this car it will need to be manually calculated.
I'd like to encourage you to obtain a quote by calling one of
our insurance counselors at 1-800-861-8380. They will be happy
to provide a quote over the phone for you 24-hours a day, 7 days
a week.
Clearly Geico is smoking something...."due to the high value of this car"? Its less than a Navigator or Mid level Mercedes. They just dont know what it is.
Want hard to insure? Try a Maybach. You have to get it insured through aircraft idemnity companies. Sucks!
Want hard to insure? Try a Maybach. You have to get it insured through aircraft idemnity companies. Sucks!
On the contrary, maybe they are Lotus enthusiasts at Geico, and they know the"value" of the elise is much more than the selling price
I'm also going to use the car daily & put ~10k miles/year. I'm guessing that it will cost me $250/month to insure the Elise. I'll be 27 when I get it. I haven't checked with my insurance company, Nationwide, but I'm not sure if they will insure it.originally posted by 1HOTBMW
but I am going to use this as a daily driver and I would like to get a regular insurance company instead of insuring it as an antique. I will probably put around 10K in miles every year.
I feel your pain...2 Elise and a MaybackOneFastMiata said:Want hard to insure? Try a Maybach. You have to get it insured through aircraft idemnity companies. Sucks!
it is good to be OFM
LOL I wish! I dont have a maybach, I just know a couple who have one.
Me, Ive got debt.
Me, Ive got debt.
If you are going to put limited milage on the car Hagerty is very good, they insure my Seven for $570 per YEAR! Since I will put limited milage on the Elise I am going to use Hagery for it also. Grundy told me that the Seven is not the type of car they insure???
I'm 26/married/no tickets and all state gave me a quote of around 120/mo for 50/100/50 coverage with a 500.00 deductable. I live in louisiana, so insurance is cheaper than in bigger cities.1HOTBMW said:Hey guys, I just called up my insurance company Liberty Mutual for a quote on what the Elise will run me in insurance every year, and they told me that they don't insure Lotus'. I then called Geico and they told me that they don't insure them either. I have done a search on this forum and I have only found that people have used Grundy and Hagerty, but I am going to use this as a daily driver and I would like to get a regular insurance company instead of insuring it as an antique. I will probably put around 10K in miles every year. Does anyone have any other suggestions or have you used any other insurance companies that will insure this car? Any help is appreciated. Thanks -Michael.
Re: Re: Who Will Insure My Elise When It Arrives?
I wouldn't feel comfortable with coverage that lowulmpharmd said:for 50/100/50 coverage
Re: Re: Re: Who Will Insure My Elise When It Arrives?
Yes, but i'm only 26, and just graduating from college in may and my assets are not that great yet. That is what they tell me to base coverage on.atyclb said:I wouldn't feel comfortable with coverage that low
Re: Re: Re: Re: Who Will Insure My Elise When It Arrives?
and you're about to spend $45,000 on a car!!!!ulmpharmd said:Yes, but i'm only 26, and just graduating from college in may and my assets are not that great yet. That is what they tell me to base coverage on.
1 - 20 of 37 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
The Lotus Cars Community
A forum community dedicated to all Lotus owners and enthusiasts. Come join the discussion about performance, modifications, troubleshooting, maintenance, and more!
Full Forum Listing
Explore Our Forums
Recommended Communities
