Lotus Elise S2 Insurance Company
Discussion
Hello All,
I hope to join the club of Lotus Elise S2 owners but the cost of car insurance is stopping me.
When i use various compare the market search engines only a few sensible quotes appear. When i click through to their website and add more details (as required by that insurance company) the price dramatically increases.
I have heard stories that 26 year old males with 0 No Claim Bonuses have their Lotus insured for approx half a grand.
I've heard joining certain clubs help and finding a specialist brings the price down. My question is what does every pay to insure there Lotus Elise S2 and with what insurance company?
Many Thanks
Simon
I hope to join the club of Lotus Elise S2 owners but the cost of car insurance is stopping me.
When i use various compare the market search engines only a few sensible quotes appear. When i click through to their website and add more details (as required by that insurance company) the price dramatically increases.
I have heard stories that 26 year old males with 0 No Claim Bonuses have their Lotus insured for approx half a grand.
I've heard joining certain clubs help and finding a specialist brings the price down. My question is what does every pay to insure there Lotus Elise S2 and with what insurance company?
Many Thanks
Simon
Don't bother with 'normal' insurance companies, they will cripple you as you are finding out !!
Use classic insurance companies
like classicline or lancaster, carole nash etc. there are loads listed in the classic car mags.
And joining Club Lotus would prob help too as you get membership discounts at their affiliated partners.
HTH
Use classic insurance companies
like classicline or lancaster, carole nash etc. there are loads listed in the classic car mags.
And joining Club Lotus would prob help too as you get membership discounts at their affiliated partners.
HTH
Be careful. Many classic policies do not accrue No Claims Discount, and any NCD you may have is lost if not used within 2 years.
Obviously if you have none already there is nothing to lose, but you should at least consider the cost over time rather just 1 year.
I only found this out by accident, when I was automatically transferred to a classic policy but my then insurance company (I'd been with them for years and following a takeover the structure of available policies changed). Two years later the renewal was more than I could get with conventional insurance and my NCD, luckily I managed to get my NCD tranferred before it timed out!
Happy Hunting, hope it all turns out for you.
Regards, Neil
Obviously if you have none already there is nothing to lose, but you should at least consider the cost over time rather just 1 year.
I only found this out by accident, when I was automatically transferred to a classic policy but my then insurance company (I'd been with them for years and following a takeover the structure of available policies changed). Two years later the renewal was more than I could get with conventional insurance and my NCD, luckily I managed to get my NCD tranferred before it timed out!
Happy Hunting, hope it all turns out for you.
Regards, Neil
The market for Elise insurance has been a bit unstable recently, with CCI - one of the very popular providers - finding itself unable to insure the under-40's. I was with them and as a result they couldn't cover my wife to drive the car.
One Answer were good for me in the end.
http://www.1answer.co.uk/
One Answer were good for me in the end.
http://www.1answer.co.uk/
otolith said:
I don't think an S2 Elise is old enough for most classic policies anyway?
Insurance companies have come up with the expression 'Cherished Car' policies now, which the Elise thankfully falls into. You will see lots of recommendations & discussions if you trawl specialist Elise Forums like MLOC or SELOC. I used Hagerty in the past, but they now insist on you having a daily driver as well which I haven't got, so I'm currently with Adrian Flux which was by far and away the cheapest. Just be aware that you will have to answer the most brainless questions from their employees like 'how many seats has it got'!!I'd recommend ringing up Claire Ironside at A Plan on 01635 874646 as she's a very experienced broker whereas Flux & Hagerty are Ins companies.
Good luck.
Mutley00 said:
otolith said:
I don't think an S2 Elise is old enough for most classic policies anyway?
Insurance companies have come up with the expression 'Cherished Car' policies now, which the Elise thankfully falls into. You will see lots of recommendations & discussions if you trawl specialist Elise Forums like MLOC or SELOC. I used Hagerty in the past, but they now insist on you having a daily driver as well which I haven't got, so I'm currently with Adrian Flux which was by far and away the cheapest.Ditto on the A Plan recommendation. I went with them years ago for my motorbike and then my first Esprit. As mentioned they are a broker and do all the legwork for you. And remember its not just the cost of the policy - overall value is based on the Ts&Cs such as excess, legal cover, windscreen, mileage limitations etc. The cheapest is not always the best.
I've continued with them for my second Esprit, my other two cars and of course the bike. And since last year my home and contents insurance too. In all cases they seemed to get very good deals for me. The house insurance for example was a third of the DirectLine price for a much better policy!
The added bonus is you are not divulging your contact details to a comparison site so don't get inundated by emails from umpteen insurance companies for the next 6 months. And did I say they do all the legwork for you?
FYI, my Esprit renewal last October was £130 cheaper than the previous year, with the same company. Prices do appear to be coming down, especially for us old codgers....
I've continued with them for my second Esprit, my other two cars and of course the bike. And since last year my home and contents insurance too. In all cases they seemed to get very good deals for me. The house insurance for example was a third of the DirectLine price for a much better policy!
The added bonus is you are not divulging your contact details to a comparison site so don't get inundated by emails from umpteen insurance companies for the next 6 months. And did I say they do all the legwork for you?
FYI, my Esprit renewal last October was £130 cheaper than the previous year, with the same company. Prices do appear to be coming down, especially for us old codgers....
simonlotus said:
kambites said:
I've tried all the usual specialists and ultimately found that Admiral were cheapest - I'm paying 400 quid for both the Elise and Octavia on a multi-car policy.
That's really cheap. I just did a single car quote with Admiral and it was £350 p/m
Knock off the (60%?) reduction from the no-claims bonus and that'd push it up to a grand a year (so 500 per car). I wouldn't have thought the difference between a 34 year-old and a 26 year-old would be THAT great, what rating is your postcode?
http://www.motorcarinsuranceuk.co.uk/post-code-rat...
Edited by kambites on Monday 28th April 11:43
kambites said:
Cheers for that - My area is D*. I turn 27 in <1 month and i will have 1 Years NCB in a couple of months. For the past few years i have been insured on my g/f's racking up 0 ncb. Even if she is the main driver its still high... grrr!
Will have a garage at my disposal which might help. Suppose I should get some quotes done before I jump in!Gassing Station | Elise/Exige/Europa/340R | Top of Page | What's New | My Stuff