Lotus Insurance Rates
What to expect when insuring a Lotus
Average insurance cost for a Lotus
The average insurance cost of a Lotus varies depending on the model you choose, your location, your driving history and many other factors. But you can expect to pay a heft monthly premium for this ultra-high-end sports car.
Other factors that affect the price of insurance include safety ratings, its likelihood of being stolen and how costly it is to repair or replace.
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How a vehicle from Lotus affects insurance costs
When determining the cost of insurance, insurance companies look at a car’s safety ratings, its likelihood of being stolen and how costly it is to replace or repair, among other factors.
A Lotus’ high price tag means pricey car insurance. The fact that it’s a sports car can also negatively affect insurance costs — insurance companies make certain assumptions about the driving habits of sports car owners.
Are there any standout models?
The fastest — and most expensive — Lotus to date is the 3-Eleven 430. It reaches 60 mph in 3.1 seconds, propelled by a 3.5 liter V6 engine that produces 430 hp and 440 Nm. And the 3-Eleven’s lightweight carbon-composite body and low-inertia flywheel help this speedster to reach a top speed of 180 mph.
Pros and cons of insuring a Lotus
Pros
- Not commonly targeted by thieves
Cons
- Expensive to repair or replace
- Fast sports car
About the Lotus brand
Lotus was established in England in 1952 and began building cars aimed at race car drivers. It wasn’t until the ’70s that Lotus began producing four-seater autos for the sophisticated driver.
After nearing bankruptcy in the ‘80s, Lotus was first acquired by Toyota then GM and is now owned by Proton, a Malaysian car company.
Lotus car facts
- Lotus is one of the most expensive vehicles to insure. Reason being that you usually need more than just minimum liability coverage for your vehicle. You’ll also typically want an umbrella policy and comprehensive coverage.
- The price to insure your Lotus will vary depending on the type and number of coverages you want in your policy.
- Not every insurance company sells specialty/high-end car insurance. You’ll want to see a list of those that do here.
What’s the Lotus Driving Academy?
Drivers of all levels and experience can get one-on-one training on the tracks at one of Lotus’ five Driving Academies. Get behind the wheel of a Lotus with the guidance of world-class instructors and learn advanced driving techniques like power sliding. US Lotus Driving Academy locations can be found in Houston, Texas, and Palm Springs, California.
Bottom line
Like its high price tag, this performance sports car will come with high insurance premiums, so be sure to shop around to find the best car insurance for you.
Companies that provide coverage for Lotus
It takes a high-end provider to be willing to underwrite your Lotus. You’ll find a few big-name providers that offer coverage, but you may need to look into specialty insurers of exotic vehicles and sports cars. This type of coverage is sometimes called “classic” auto insurance.
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