24 Years, 23 Hours, 59 Minutes & 59 Seconds.

[riwiho]

Today I finally settled on a decision and later this week I planned to order my Elise after a 2 year wait.

I was a little upset to find out that insuring a 24yr old on a second hand Elise S (06) carries such a penalty when compared to a 25yr old.

I turn 25 at the end of next month and after running some quick online quotes it seems that my insurance will drop dramatically.

For example a quick online quote from my current insurer (bell) returned:
Today = £1,860
At 25 = £1,113

(I am aware I can get a better price than this with a little work)

I have been told my only solution is to wait (not if I can help it) or put some temporary insurance in place between now and the end of Oct.

Any other options or thoughts?

[hueandcry71]

riwiho said:

Today I finally settled on a decision and later this week I planned to order my Elise after a 2 year wait.

I was a little upset to find out that insuring a 24yr old on a second hand Elise S (06) carries such a penalty when compared to a 25yr old.

I turn 25 at the end of next month and after running some quick online quotes it seems that my insurance will drop dramatically.

For example a quick online quote from my current insurer (bell) returned:
Today = £1,860
At 25 = £1,113

(I am aware I can get a better price than this with a little work)

I have been told my only solution is to wait (not if I can help it) or put some temporary insurance in place between now and the end of Oct.

Any other options or thoughts?

Try the Classic Car Policy with AutoTorque. They halved every other quote i had but they will put a mileage restriction on you.

[Saied]

Sounds very pricey to me. Do obtain LOTS of quotes, bearing in mind a smaller, specialist broker used to insuring sports cars may well be cheaper than any of the big firms.

Try A-Plan. I'm 29, zero NCB on a new Elise R, parked on the driveway in a fairly high risk area within the M25. I pay £950 for the year.

[Chris49]

Mate thats very steep.

25 myself and I've just changed mine be cause she'll be kep outside and its still only £700 a year.

I'd phone around you might be suprised!!

Good Luck!

[riwiho]

Chris49 said:

Mate thats very steep.

25 myself and I've just changed mine be cause she'll be kep outside and its still only £700 a year.

I'd phone around you might be suprised!!

Good Luck!

Who are you with if you don't mind me asking?

I have a list of usual suspects which I will be calling from tomorrow onwards

[miro]

I got a price on a 111s 15k 6 years ncb private parking 889 from A-plan Im 29 later this month

[Altrezia]

HIC insured me, 23, S1, £830.

[beak]

hueandcry71 said:

Try the Classic Car Policy with AutoTorque. They halved every other quote i had but they will put a mileage restriction on you.

i'm just about to sign up for this policy, but what are the pitfalls ? how strict are they on the mileage restriction ?

[LivinLaVidaLotus]

I can't get any less than £978 for an R, tried A-Plan, Flux, all the usuals. A-Plan wanted £1500, Flux over £2k. That's @ 26 with 3 years NCB, not in a rough area either. Kept on driveway at rear of house.

[riwiho]

LivinLaVidaLotus said:

I can't get any less than £978 for an R, tried A-Plan, Flux, all the usuals. A-Plan wanted £1500, Flux over £2k. That's @ 26 with 3 years NCB, not in a rough area either. Kept on driveway at rear of house.

Who has offered you 978?

[matc]

I was insured through Elephant, I put my mum on as a second driver and it saved me over £200!! She even drove it once about 200 yards up the road, turned it off and had to phone me to help her turn the immobiliser off!!

Anyway, I was 26 when I got mine and paid £560 p.a. in a reasonable area with the car parked on a driveway. Best just to keep looking around. It doesn't cost you anything but time!!

[ganglandboss]

I've just insured mine with Footman James. They give a discount for Club Lotus members.

I'm 28 with a Manchester postcode (not popular with insurers) and it's just over £800. Most 'normal' insurers wanted £1200+.

They will insure me a classic car policy for around £500 but it is limited milage and you do not earn no claims.

[LivinLaVidaLotus]

£978 was with Elephant, part of the Admiral group, next chepest was Bell, also part of the Admiral group. Bloke at A-Plan said they couldn't get anywhere near it, but to come back when I've had a year owning it with no claims. Got same price, +/-£20, if it was an S, R or Exige, or even Exige S.

[Bodger 63]

A Plan the cheapest by far for me. I have 9 points for speeding so not easy getting cover for Elise but A plan came up trumps!

[elise2000]

I'm 24 and am paying £850. Looking forward to next year!

[hueandcry71]

beak said:

hueandcry71 said:

Try the Classic Car Policy with AutoTorque. They halved every other quote i had but they will put a mileage restriction on you.

i'm just about to sign up for this policy, but what are the pitfalls ? how strict are they on the mileage restriction ?

Funny you should ask about the mileage restriction as i asked them the same question today. The answer i got was that they have never checked the mileage on a car. So to answer your question, they are not very strict. One pitfall though is that you shouldnt be driving your car daily to and from work.