Lotus elise and insurance

daauneal

Hi all , I called a few places to get a quote for this today

http://www.carzone.ie/used-cars/Lotus/Elise/car/924340/

but no one will quote me ,
I'm 22 , and asked for a quote with a full licence ( my test is coming up soon)
its only worth 11 grand , and its only a 1.8 , I was told they could quote me for a 2.0ltr focus if I wanted but not that.

Does anyone know where I could get a quote for this car ,
so far tried axa, quinn, and hibernian.

Thanks in advance

Joe's fanclub

Hi there, by law, you need to request five 'letters of declinature' from each insurance company that decline to quote, then legally, you are entitled to a quote from an insurance company on presentation of these letters, I also know a broker and insurer that would definately quote you, but I don't think I can post their names on the site so PM me and I'll tell you

daauneal

thanks very much , pm will be sent shortly. has always been a bit of a dream car for me

superjosh9

daauneal wrote: »

Hi all , I called a few places to get a quote for this today

http://www.carzone.ie/used-cars/Lotus/Elise/car/924340/

but no one will quote me ,
I'm 22 , and asked for a quote with a full licence ( my test is coming up soon)
its only worth 11 grand , and its only a 1.8 , I was told they could quote me for a 2.0ltr focus if I wanted but not that.

Does anyone know where I could get a quote for this car ,
so far tried axa, quinn, and hibernian.

Thanks in advance

Sorry op, but I'd be very surprised if you got a quote. If you have an exisiting policy, the insurer is obliged to quote you - but they can quote you telephone numbers if they like.

As you know, I don't think that the '1.8' part is the problem here...

I'd get your test, get insured for a year or two in something more sedate, then have a look at something else.

superjosh9

what is it with lotus today, btw?!

whippet

you are 22 on a provisional license and are looking to get insured on a Lotus Elise, you are comparing the 1.8L elise to a 2.0L focus. Either you have no concept of power to weight ratio or are dreaming.

no insurance company in their right mind will quote you anything reasonable on this car .. even if you do force a quote you will be looking at paying somewhere near the value of the car for your premium.

you will have to prove to the insurance companies that you are a relativly safe bet before they will be interested in your business!!

mondeo

Nice Car but it would not be for me. What about trying to get an insurance quote on the clone... opel speedster?

bwardrop

whippet wrote: »

you are 22 on a provisional license and are looking to get insured on a Lotus Elise, you are comparing the 1.8L elise to a 2.0L focus. Either you have no concept of power to weight ratio or are dreaming.

no insurance company in their right mind will quote you anything reasonable on this car .. even if you do force a quote you will be looking at paying somewhere near the value of the car for your premium.

you will have to prove to the insurance companies that you are a relativly safe bet before they will be interested in your business!!

+1

Atomic Pineapple

daauneal wrote: »

I'm 22 , and asked for a quote with a full licence ( my test is coming up soon)
its only worth 11 grand , and its only a 1.8 , I was told they could quote me for a 2.0ltr focus if I wanted but not that.

are you serious?? you think a 2litre focus comes anywhere near comparison to a 1.8 lotus elise? engine size doesn't mean anything when it comes to power output

daauneal wrote: »

Does anyone know where I could get a quote for this car ,
so far tried axa, quinn, and hibernian.

Thanks in advance

either use the refusal route, i only needed 2 refusals though not 5 as someone else stated or ask to speak to supervisors/managers when you ring the insurance companies. by the way the only way a company has to quote you by law is through the refusals route they are NOT obliged to quote you just because you have an existing policy with them

daauneal

shame I didnt call quinn a week ago then , I was insured with them , but canceled it on friday until I get my full license . I know the car is very powerful , but I figured the insurance company would go more on the price of the car than the type , as I said its only worth 11 grand, ( which isnt much compared to the price of some cars.)

Still tho , if I do get a quote it WILL prob be for something like 9000 anyway. still worth a try tho.

daauneal

For the record I'm not comparing a lotus to a focus , (knew I'd get it for putting that up) thats just what the person in quinn told me when I asked for a quote.

bwardrop

daauneal wrote: »

I figured the insurance company would go more on the price of the car than the type , as I said its only worth 11 grand, ( which isnt much compared to the price of some cars.)

That is not really how it works - it is the risk involved. At the end of the day if you have an accident, it is not just your 11 grand car that needs replacing - there is far more involved, plus the risk of having an accident in that car is considered far greater.

daveharnett

daauneal wrote: »

shame I didnt call quinn a week ago then , I was insured with them , but canceled it on friday until I get my full license . I know the car is very powerful , but I figured the insurance company would go more on the price of the car than the type , as I said its only worth 11 grand, ( which isnt much compared to the price of some cars.)

Still tho , if I do get a quote it WILL prob be for something like 9000 anyway. still worth a try tho.

The price of your car isn't the big issue here. One can be driving a €500 rust bucket and still cost the insurance company a hundred grand in a bad crash.

smash

1 - you're 22
2 - provisional license
3 - elise is a convertible sports car

Only option is go to xs direct or 123.ie but be warned, I'm 27, full license for years, currently insured on a 3ltr car pushing out about 260bhp and I got quoted 1,900 for an S2 elise a few months ago!

Be prepared to pay a lot...

daauneal

steve06 wrote: »

1 - you're 22
2 - provisional license
3 - elise is a convertible sports car

Only option is go to xs direct or 123.ie but be warned, I'm 27, full license for years, currently insured on a 3ltr car pushing out about 260bhp and I got quoted 1,900 for an S2 elise a few months ago!

Be prepared to pay a lot...

well I was paying 2,200 for a 1.5 mx3 on prov , fully comp. but I was asking for a quote with a full licence , so I figured maybe 3000 but thought it would be worth it. I have a company calling back soon , so I'll post my prob very long but hopefully not qoute soon

walshy123

as mentioned above, try a quote on a speedster. its 2.2 but there are less about and seem to be more insurance friendly

daauneal

walshy123 wrote: »

as mentioned above, try a quote on a speedster. its 2.2 but there are less about and seem to be more insurance friendly

just called quinn about that, they wont quote me till I have my full lecense in my hand, but the cheapest one I seen on carzone is 10 grand more than the lotus anyway , so I couldnt afford it either way, at least I know they will give me a quote when I can drive again.

thanks

walshy123

daauneal wrote: »

just called quinn about that, they wont quote me till I have my full lecense in my hand, but the cheapest one I seen on carzone is 10 grand more than the lotus anyway , so I couldnt afford it either way, at least I know they will give me a quote when I can drive again.

thanks

there is a 6k elise???

daauneal

got a quote today , . . . . €2,833. with a €4,000. excess . so I'm thinking about getting one , but not sure yet , and need the pink license first anyway. That quote was fully comp including windscreen cover with a full license by the way. Also he said it was the biggest quote he'd ever given , but I told him id only had a full license 1 month , had no , no claims bonus, and no named driving experience either.

so if youve even been driving more than a year the quote for one should be alot less

chris85

daauneal wrote: »

got a quote today , . . . . €2,833. with a €4,000. excess . so I'm thinking about getting one , but not sure yet , and need the pink license first anyway. That quote was fully comp including windscreen cover with a full license by the way. Also he said it was the biggest quote he'd ever given , but I told him id only had a full license 1 month , had no , no claims bonus, and no named driving experience either.

so if youve even been driving more than a year the quote for one should be alot less

thats a very good quote, who is it with by the way.

bwardrop

Ouch - that is serious wedge - that would pay my insurance for nearly 6 years :eek:

Is it really worth it to drive the Elise now? The guts of 3 grand a year for insurance alone, plus another 4g's out of pocket if you have an accident.

Why not consider something that is still fun and sporty, but less pricey insurance wise - build up a NCB and you driving skills and then work up to an Elise. Just a thought...

Tipsy Mac

The Elise might "only" be a 1.8 but it has a 189bhp engine which is similar to engines upto the 3 litre category on bhp, this coupled with the fact that it weighs very little make it a car insurance companies don't want to touch. If I was you I would wait until you are 25. There's a few other cars using the same Yamaha engine but none would have the same power to weight ratio as the Elise.

daauneal

chris85 wrote: »

thats a very good quote, who is it with by the way.

Not sure if I'm allowed give the name of the company ?

Its not that bad tho considering I'm paying 2,200 a year for my mx3 , so its not bad at all , well . . . . apart from the excess, 4000 is a bit steep. but they guy was very helpful on the phone and even said if that was too much then he could get me a quote for a different (cheaper to insure)"exotic" car and could direct me to where to get one (I'm sure he prob has a deal with a guy that sells them or something so they recommend each other)

Max_Damage

The early Elise's (like the one posted above) used the Rover K-Series engine, which are known to have an appetite for head gaskets.

On the insurance question, try www.bestquote.ie I'm with them and they are far cheap than everyone else, even Quinn!

smash

Tipsy Mac wrote: »

The Elise might "only" be a 1.8 but it has a 189bhp engine which is similar to engines upto the 3 litre category on bhp, this coupled with the fact that it weighs very little make it a car insurance companies don't want to touch. If I was you I would wait until you are 25. There's a few other cars using the same Yamaha engine but none would have the same power to weight ratio as the Elise.

the K series engine is 125bhp - or you can get the sport 135 version

mondeo

4k excess is abit scarey....You know I might avoid an excess like that.
If you do go for this car make sure you understand fully what an excess is.
:rolleyes:

They will be after you for it like sharks if you have a crash,, You wanna kinda make sure you have 4k lying about just incase.

Nonoperational

+1 for bestquote.ie. Beat onedirect who I was with for 4 years by 600 euro and quinn by 200.

daauneal

gpf101 wrote: »

+1 for bestquote.ie. Beat onedirect who I was with for 4 years by 600 euro and quinn by 200.

bestquote.ie couldnt find anything, ( on the internet search at least )
I have to ring them .

smash

bestquote just gave me a quote on my existing car and it's over €100 more expensive.

craichoe

Your buying an Elise, paying a savage whack on insurance for the privilege, have a 4k excess, very little driving experience and on top of that ther speed limit on irish roads is 120 kp/h max.

Then you have Tax, Servicing, Parking and Fuel Costs.

I'd say wait a few years and built up a no claim bonus rather than risk a 4k payout in the event of a claim.

stretchaq

bwardrop wrote: »

Ouch - that is serious wedge - that would pay my insurance for nearly 6 years :eek:

Is it really worth it to drive the Elise now? The guts of 3 grand a year for insurance alone, plus another 4g's out of pocket if you have an accident.

Why not consider something that is still fun and sporty, but less pricey insurance wise - build up a NCB and you driving skills and then work up to an Elise. Just a thought...

its defo worth it i pay 1700 on an 130bhp audi!!!!!!!!!!!!!!! i have a full licence and 2 years NCB (6 PP though which doesnt hlp)

Honey-ec

I'd be waiting to see if I actually pass my test before doing anything else if I were the OP.

Kind of putting the cart before the horse a bit here.

galwaytt

craichoe wrote: »

....Then you have Tax, Servicing, Parking and Fuel Costs...

Irrelevant - all cars have tax, servicing and parking - and most a lot more than an Elise.

OP - € 2833?? eeek, as someone else pointed out, I've just worked out that'd insure my 968 full comp for.........7 years. + 1 for oldies

jozi

I don't know if i'd trust myself in an elise after just passing my test. It's a mid engine/rwd car with quite a bit of power, big change from an mx3!

If you can afford it, go for it! Just be carefull would be a terrible shame to write one of!

bwardrop

stretchaq wrote: »

its defo worth it i pay 1700 on an 130bhp audi!!!!!!!!!!!!!!! i have a full licence and 2 years NCB (6 PP though which doesnt hlp)

galwaytt wrote: »

OP - € 2833?? eeek, as someone else pointed out, I've just worked out that'd insure my 968 full comp for.........7 years. + 1 for oldies

I'm not an oldie yet (only 28) but I am really starting to appreciate my insurance premium costs... about 5 years NCB, no points & living outside of Dublin.

OP if you can afford it and justify it, go for it - it would be sweet to have an Elise... just be careful!!!

Graham_B18C

I'm 22 also and i'm saving for a s2000 and i got quoted from Brittoninsurance.com, they've quoted me on everythin i've ever tried except a Type-R integra. But i got quoted on a speedster for 3300. BUT its a 4k excess...and i just got a quote for an elise of 3100, still a 4k excess. If yer young and want summit fast ya gotta pay! I feel yer pain

walshy123

pretty happy with mine.

25, full licence, NO NCB, but 4 years named driver, 2 championship points

speedster - 1,100 fully comp and am allowed two claims in three years, driving other cars, dublin 6

ZygOte

OP , even if you are mad enough to pay the insurance for an elise at your age, do bear in mind that an elise is a full fat sports car, they are very unforgiving when you make mistakes, ive driven a few in the past on a track. yes they are amazing fun and i can totally see the appeal of this car not only to a 22yr old but to amost any bloke who likes cars. Just dont go complaining if you end up in a ditch with a smashed up car and a 4k excess on an an 11k car and future insurance premiums the size of a white elephant.

Also remeber this little nickname for LOTUS when you visit a mechanic for the first time.

L.ots
O.f
T.rouble
U.sually
S.erious