LOTUS ELISE S1 - SAMPLE INSURANCE QUOTES
(Insurance quotes provided by PH partner Adrian Flux)
Don't let the sun go down on your Lotus dream..? Oh never mind!
All drivers based on no accidents, maximum NCB, 1 minor speeding conviction, and having owned the car for over 12 months with comprehensive cover.
3000 miles per annum - £500.00 - £300 excess
7500 miles per annum - £650.00 - £300 excess
Unlimited miles per annum - £700.00 - £300 excess
Example 2) 37 Year old driver from Peterborough - a factory owner:
3000 miles per annum - £300.00 - £300 excess
7500 miles per annum - £375.00 - £300 excess
Unlimited miles per annum - £400.00 - £300 excess
Example 3) 55 Year old from Bristol - a property developer:
3000 miles per annum - £275.00 - £300 excess
7500 miles per annum - £315.00 - £300 excess
Unlimited miles per annum - £330.00 - £300 excess
For an equivalent 111S model you would be looking at an approximate increase in premium of about 15%.
For a 2004 MK2 111R model worth £15000 you would be looking at an approximate increase in premium of about 40%
With regards to factors that affect the insurance premiums for these vehicles the age and value of the car would also have some bearing. For example if the car was slightly older or worth slightly less the above premiums would probably reduce a little, likewise if the car was newer or worth more the premiums would increase.
Other factors are the usual obvious ones when it comes to insuring these types of cars. Wherever possible keep the mileage down, and preferably keep them in a garage overnight.Having an aftermarket tracking device is also a big help, and relevant driving experience is a massive advantage. If you can show that you have a history of claim free driving in high performance saloons/sports cars it will be far easier to obtain competitive premiums for these types of cars.