Insuring in US?
Discussion
I have a bad feeling that I'm going to be screwed when trying to insure my Elise when it arrives next year.
I'm 20 - will be 21 when it arrives but that won't make much difference...
I'm paying $2100/yr just to insure my BMW 323i, I don't even want to think about what the Elise will cost me - that is if I can get insurance for it at all.
I'm 20 - will be 21 when it arrives but that won't make much difference...
I'm paying $2100/yr just to insure my BMW 323i, I don't even want to think about what the Elise will cost me - that is if I can get insurance for it at all.
1998 V8 - Geico (one of the few Turbos Geico will actually insure - has to do with the "safety cell" built into the Esprit). Unlimited mileage per year $ 2k deductible full coverage $ 800 annually. I am in the over 35 bracket so I guess they feel I will not drive like a nonce. 
ErnestM
ErnestM
I'm 48, have an 89 Esprit. Full coverage, year round, with State Farm is about 900. I live close to downtown Houston, Tx. Having a clean record, multi car discount, and home insurance with the same company adds several discounts. Strongly suggest taking a drivers safety class. If nothing else it will take at least 5% off with most companies.
Nationwide, my current home and auto policy holder, says that the Lotus in an 'ineligible' vehicle. Where do you guys get your insurance, and how much does it run?
Luke.
PS, I'm 26, so all you middle-agers with $500 annual premiums don't need to go on bragging, ok??? :-)
Hi,
Try Leland-West Insurance Brokers in Fresno California. Car must be garaged, under 5,000/year and unmodified. Costs me $297/year Hope this helps...Jim '85TE
P.S. Also try Tri-State Insurance. I was with them initially for around $500/year. Both Leland-West and Tri-State coverage is year round, there is no allowance for storage, but at these prices, who needs it.
Also, I had a $2,200 Glass Damage claim against Tri-State, and they were prompt, helpful and didn't even require that I take the car in, just send them the repair estimates. Very happy with them, but L-W came out considerably cheaper. Happy Motoring! Jim '85TE
Also, I had a $2,200 Glass Damage claim against Tri-State, and they were prompt, helpful and didn't even require that I take the car in, just send them the repair estimates. Very happy with them, but L-W came out considerably cheaper. Happy Motoring! Jim '85TE
lotusguy said: P.S. Also try Tri-State Insurance. I was with them initially for around $500/year. Both Leland-West and Tri-State coverage is year round, there is no allowance for storage, but at these prices, who needs it.
Seems as though there are a couple of "Tri-Sate's", which on in particular?
Luke.
karmavore said:
lotusguy said: P.S. Also try Tri-State Insurance. I was with them initially for around $500/year. Both Leland-West and Tri-State coverage is year round, there is no allowance for storage, but at these prices, who needs it.
Seems as though there are a couple of "Tri-Sate's", which on in particular?
Luke.
Tri-state Insurance located in Luverne Minnesota. They are a nationally known insurer of Hot Rod, Antique and Exotic autos. You should be able to find them online, if not, let me know and I'll dig out my old records. Happy Motoring! Jim '85TE
karmavore said:
ErnestM said: 1998 V8 - Geico (one of the few Turbos Geico will actually insure - has to do with the "safety cell" built into the Esprit).
ErnestM
Did you mean that as literally as you wrote it? Would Geico really not insure my 1.8T(urbo) VW Passat?
Luke.
FWIW, Geico have (maybe had) very strict rules about forced induction cars. They may have relaxed them, but they would not insure a 3000GT TT, so I opted for an NA when I had one. I believe Corvette is still on the "prohibited" list with them...
Also Geico have subsidaries and affiliates that DO handle these cars but the rates are stratospheric...
ErnestM
The answer to your question is dependent upon a number of variables (such as coverage types, location, etc...). Make sure you compare apples to apples.
I use State Farm. My quote for a '94 S4 was ~$560 every 6 months for full coverage (100/300/100). I'm 31, married, have no accidents or tickets on my record, and carry a multi-line discount (i.e. homeowners, multi-car, etc...). Location is also a huge factor, for example, the cost to insure a vehicle in NJ is insane compared to, say, Lincoln, NE (actually insuring a vehicle in NJ is insane compared to anywhere!).
BTW...I'd avoid Geico like the plague!
>> Edited by 911driver on Thursday 23 January 23:36
I use State Farm. My quote for a '94 S4 was ~$560 every 6 months for full coverage (100/300/100). I'm 31, married, have no accidents or tickets on my record, and carry a multi-line discount (i.e. homeowners, multi-car, etc...). Location is also a huge factor, for example, the cost to insure a vehicle in NJ is insane compared to, say, Lincoln, NE (actually insuring a vehicle in NJ is insane compared to anywhere!).
BTW...I'd avoid Geico like the plague!
>> Edited by 911driver on Thursday 23 January 23:36
Geico has a long history of being less than friendly to drivers of sports cars. This history includes:
1) What many view to be a conflict of interest... A number of years ago they supplied the Colorado Highway Patrol with new radar guns (laser, if I remember correctly). It's viewed as a conflict of interest since they stood to gain by the increase in premiums they could charge to speed violators.
2) Geico has a nortorious history of increasing premiums significantly (i.e. much greater than average) after only one violation. In some cases (not deemed extreme by other companies), coverage for people was dropped. Other insurance companies, such as State Farm for example, may not penalize a driver with only one violation.
3) Rates on sports cars through Geico generally are not competitive. Restrictions are also plentiful. Shop around.
1) What many view to be a conflict of interest... A number of years ago they supplied the Colorado Highway Patrol with new radar guns (laser, if I remember correctly). It's viewed as a conflict of interest since they stood to gain by the increase in premiums they could charge to speed violators.
2) Geico has a nortorious history of increasing premiums significantly (i.e. much greater than average) after only one violation. In some cases (not deemed extreme by other companies), coverage for people was dropped. Other insurance companies, such as State Farm for example, may not penalize a driver with only one violation.
3) Rates on sports cars through Geico generally are not competitive. Restrictions are also plentiful. Shop around.
911driver said:
I use State Farm. My quote for a '94 S4 was ~$560 every 6 months for full coverage (100/300/100to anywhere!).
BTW...I'd avoid Geico like the plague!
>>
Question for ya - $560 / 6 months full coverage, but how many miles can you put on it? Are there any restrictions, and if so, how would they ever know?
P.S. I completely agree with stay away from Geico. There prices are outrageous on particular vehicles.
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