Lotus car insurance rates

What to expect when insuring a Lotus, and the insurers that could cover you.


Its high-performance cars continue to be built with the philosophy that if they’re strong yet lightweight, they’ll be faster. And Lotus cars are definitely synonymous with speed, which you’ll know from the likes of the famous Elise or the 3-Eleven 430 – because this British car manufacturer has stayed close to its roots. If you fancy one of these, though, you’ll need to have a suitcase full of cash. See here what it could cost to insure a Lotus.

What’s the average insurance cost for a Lotus?

The insurance cost for a Lotus varies greatly depending on the model you select and your own circumstances. Using a specific profile, we ran quotes for a Lotus Elise Sport, one of the more popular models in the UK, and found it to be £1,954 a year or £203 a month, on average. This is for fully comprehensive cover and no optional extras. Your actual cost could be more or less depending on the model you choose, your age, driving record and location, as well as the number of miles you drive in a year and other factors. But expect to pay a hefty 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.

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. It won’t help if criminals are more likely to take a shine to your Lotus either.

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-litre 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. Its one of the more limited of limited editions as only 20 have ever been made.

This model has a price tag of more than £100,000.

Lotus car facts

  • Lotus is one of the more expensive vehicles to insure. This is partly due to needing more than a third party policy since your Lotus is more likely to be stolen.
  • The price to insure your Lotus will vary depending on the level of cover, as well as other factors, including your age, driving history, the number of miles you drive in a year and the model.
  • Not every insurance company sells specialty/high-end car insurance. You’ll want to see a list of those that do offer high-performance car insurance here.

What’s the Lotus Driving Academy?

Drivers of all levels and experience can get one-on-one training on the tracks at the Lotus Driving Academy in Hethel, Norfolk. Get behind the wheel of a Lotus with the guidance of world-class instructors and learn advanced driving techniques like power sliding.

Bottom line

Like its high price tag, this performance sports car will come with a high insurance premium, so be sure to shop around to find the best car insurance for you.

Other car brands you might want to see rates for include:

Frequently asked questions about Lotus

The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.
*51% of consumers could save £264.64 on their car insurance. The saving was calculated by comparing the cheapest price found with the average of the next four cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website (based on representative cost savings data for November 2019). The savings you could achieve are dependent on your individual circumstances.

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