According to our research, the average cost to insure the Lotus Evora is around $144 a month — or $1,728 a year. This rate can wildly fluctuate though, depending on your age, driving history, coverage options and discounts you qualify for.
Consider these factors when shopping for insurance for your Lotus Evora.
Price. According to online reviews, shopping around for a better price on the Lotus Evora could save you some serious cash, even if you’ve been with your current insurer for years.
Deductible. If you want to drive down the cost of insurance, you could take a higher deductible. Just make sure you have that cash on hand in case you’re in an accident.
Coverage. Your policy should cover at least your state’s minimum insurance requirements, but you may want to compare pricing for enhanced options like comprehensive and collision coverage, too.
Restrictions. While most big-name national insurance brands cover the Evora, some won’t, so you might have to shop around before finding the right fit for you.
Why is insurance so expensive for the Lotus Evora?
The Lotus Evora costs more to insure because it’s 400 horsepower engine means high power and high-risk to insurance companies. Also, if you have a manual you could be adding to that high-risk factor with higher top speeds coupled with a high cost of repair if you’re in an accident.
What factors affect car insurance for the Lotus Evora?
As a luxury sports car boasting 400 horsepower and sticker prices starting at $89,900, the Lotus Evora can be costlier than your average sedan to insure. Your rates could also be affected by the Evora model you have and whether or not yours is automatic or manual, since there’s a difference in price and top speeds.
Premiums for your Lotus Evora are also be affected by how much you drive it each year. If you only take your luxury car out for a spin every few months and aren’t using it as your daily driver, your rate likely be much lower.
Driver factors and insurance costs
Aside from the make and model of your car, driver factors like your age, gender, location, marital status, credit score and driving record also play a role in determining your premium. And if you have drivers under the age of 25 who are be on your policy, your premiums could skyrocket.
Does the Lotus Evora qualify for discounts?
Yes, the Lotus Evora comes standard with safety features that could qualify you for a discount.
Airbags
Antilock brakes
Stability control
Antitheft ignition disable device
Side-impact beams
Rear parking sensors
Pretensioners
Reliability and safety ratings for the Lotus Evora
The Lotus Evora is not officially rated for safety or reliability. However, because the Evora uses a Toyota Camry engine, reviews for this vehicle give it two thumbs up for reliability.
The Evora also tends to hold its market value better than most other sports cars out there. So if you’re thinking about buying a used Evora, you could snap up a bargain and still get a decent insurance rate.
If you want a fast, flashy sports car that won’t break the bank to insure, the Lotus Evora could be it. Plus, with a Toyota engine, finding parts should be a breeze if it ever needs repaired.
Compare insurance rates from multiple providers to find the best value on coverage that makes sense for your budget and needs.
Frequently asked questions about the Lotus Evora
Yes, Lotus has been using Toyota engines for years, including in the Elise and Exige. But that doesn’t mean these cars don’t have some serious speed to them. A lighter body and centralized placement of the supercharged engine let the Lotus reach top speeds up to 190 mph in a snap.
The fact that the Lotus comes with such a common engine could help lower your insurance rates quite a bit, since parts should be easy to find.
While your exact rates vary based on several different factors, many Lotus drivers say they’ve found the lowest rates through State Farm.
Your location can affect insurance rates a great deal.
For example, drivers in Los Angeles, where crime rates are high and uninsured drivers are rampant, can expect to pay substantially higher rates than someone living in a small rural town like Dover, Ohio, with very low crime rates and traffic congestion.
Getting the Evora fixed is probably be cheaper than the cost of repairs on most other sports cars, since the engine parts are readily available and relatively easy to work on.
No. There are very few instances of Lotuses ever being stolen. This is probably because there are so few of them on the roads, so they’re very easily recognized.
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
Gabrielle Pastorek is an SEO strategist and publisher at Finder, specializing in banking. She's written more than 800 articles on the site and is a quoted expert in Best Company, HuffPost, Reader's Digest, MSN and MarketWatch. She's secured interviews with key stakeholders in the consumer insights industry, including a senior director at the National Retail Federation. Gabrielle has edited several creative manuscripts and holds an MFA from the University of Pittsburgh and BAs in English and French from Ohio University.
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