insurance

[steveruss]

How much approximately would it cost to insure a 20 year old on a lotus elise (96)who's been driving for about a year in the UK? Does anyone have an idea? Thanks in advance.

[steveruss]

no accidents, claims or convictions btw. A friend of mine says I could be looking at £3000 a year for such a powerful car, is this true?

[TonyHetherington]

There are SO many factors to consider it wouldn't be wise to speculate.

Take barely 3mins of your time, go to elephant.co.uk or confused.com and type in your details there - you'll get quotes back in 10seconds.

[lawrence5]

I can see it being more than £3k tbh..... people pay about £500-1500 with full NCD if that is worth 70% then true cost would be £1666-5000

How deep's your pocket ?? Servicing is also fairly expensive and minor knocks costs 000's as they have no bumpers. You need to be prepared for all the costs....

[steveruss]

It looks like they won't give quotes out. It's probably my age! I don't think I'll be able to get insured on a Lotus for a few years yet =(

[steveruss]

I'll have about £20,000 to spend on a car in december.

[tomtom]

I can insure mine at 21. Granted I've been driving longer than a year.

Don't spunk 20k on a car at (y)our age, unless you're on a big enough wedge to write off the expense.

[steveruss]

Whats your insurance like? How long have you been driving for?

[twpbugger]

steveruss said:

Whats your insurance like? How long have you been driving for?

I am 22 years old with 2yrs ncb. i insured a lotus exige for just over £800. as a tip i would add your parents as named drivers (especially your mother). I did this with mine and came down by over £200. i am still the main driver with the parents as named drivers!! i am insured with elephant.

[TonyHetherington]

To give you an idea, at the age of 19 with 1yrs NCD and no accidents or points I insured a heavily modified escort cosworth for £4500 for one year. Car was worth about £15k. That was in 1999.

So, simply put, it WILL cost a lot to have any sort of nice car around that sort of age.

[ChristianM]

Like Tony said, get a quote from elephant.co.uk, only way to get an accurate figure. I would estimate around 2k though.

Interestingly my renewal has just come throught from elephant and they have actually put my premium up by a fiver despite having an extra years no claims and driving experience! But the really cheecky bit is that the buers lock you out of your online account so you can't get a new quote with the same details to compare it against your renewal price! I will find a way round this though, doing this has saved my 80 quid before and the bloke on the phone said somthing along the lines of [mutter]oh it wont be that much different but the system wont let you find out anyway[/mutter] which seemed like a signed confession to me.

[polus]

Elephant have been the cheapest for me in my Ford.

Im seriously considering a lotus 111S in Jan 07 so was just doing some quotes with elephant.

25, 3 NCB got quote for £1148. Just for a laugh I put my girlfriend on it (25) who hasnt got a licence but I said she had been driving for a year and it went by £5.

[tonyhetherington]

Oh, for reference, I'm paying £1200 and I'm 24 (ok now 25) on a £23k car, 5yrs NCD no points or anything.

[polus]

tonyhetherington said:

Oh, for reference, I'm paying £1200 and I'm 24 (ok now 25) on a £23k car, 5yrs NCD no points or anything.

Holy moly, 24 - 23k car! City banker?

Anyway, just out of interest - who are you with?

[tonyhetherington]

hehe no I wish - just got a loan many years ago for my Escort Cosworth and all the cars I've had I've not lost money on so I've just kept adding to it and currently at my Lotus.

I'm currently with Admiral but that will change come May becasue they don't offer other car driving for over 25yr olds (which is a pain sometimes!)

[polus]

tonyhetherington said:

Escort Cosworth

I tried admiral and no luck... I don’t seem to be able to do any better then elephant.

[S Works]

Just give it a try, you never know. Chances are most places will laugh you out the door but insurance is such a load of bollox that you just never know.

How twpbugger is charged £800 for his Exige and I am charged £700 for my Sport 160 I'll never know. I'm 30, no points, 4 yrs NCB, 2 years driving Elises, driver training etc. and I pay £100 less?

What tt worked that out.

[twpbugger]

S Works said:

How twpbugger is charged £800 for his Exige and I am charged £700 for my Sport 160 I'll never know. I'm 30, no points, 4 yrs NCB, 2 years driving Elises, driver training etc. and I pay £100 less? What tt worked that out.

That is a strange one. must be due to the postcode. i dont live in a city, just a small village. i am very lucky its as cheap as it is cos otherwise i wouldnt be owning a lotus yet!!