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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.

Compare Lotus car insurance quotes

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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.

Companies that provide cover 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 cover, but you may need to look into specialty insurers of exotic vehicles and sports cars. This type of cover is sometimes called “classic” car insurance.

Name Product Courtesy car cover New for old car replacement Drive abroad in EU? Personal accident cover Multi-car discount Policy options
Up to 90 days
Up to £5,000 personal accident cover or up to £7,500 for AA members.
N/A
New customers get AA Roadside Assistance for a year from just £15, plus discounts on breakdown cover upgrades.
Up to 90 days
Up to £5,000 personal injury cover
Insure more than one vehicle under the one policy. Every car added will earn its own discount.
Black Box Insurance, Car Sharing Insurance, GAP Insurance
Quotes starting from £248 per year. No claims & MultiCar discounts on offer.
Up to 180 days
Yes
N/A
Motor Legal Protection, Key Protection, Excess Protection
No upper age limit
Up to 90 days
Cover you or your partner up to the benefit amount outlined in your insurance agreement
If you've got more than one car to insure at the same address, you could save yourself some money on every additional policy
Black box insurance, Young driver insurance
  • Replacement, upgrade or the money in case of write off
  • No-claims discount protected if car is vandalised or hit by an uninsured driver
  • (terms apply)
Up to 90 days
Yes
Yes
Young driver insurance
Optional
You or your partner are covered up to the amount in your insurance agreement.
If you've got more than one car to insure at the same address, you could save yourself some money on every additional policy (T&Cs apply)
Black box insurance
  • Guaranteed hire car as standard
  • Taxi to get you to your destination if you've been involved in a crash (T&Cs apply)
  • No-claims discount protection (Terms apply)
Up to 90 days
£5,000 of personal injury cover for you and your spouse
Yes
Young and first time drivers insurance
Up to 90 days
You or your partner are covered up to £2,000 per person.
N/A
Short term car insurance, Young driver insurance
20% off MOT costs and 10% off servicing with comprehensive and third party policies.
Up to 90 days
Optional extra
If you've got more than one car to insure at the same address, you could save 10% on your cover
Multi-car, temporary insurance
Optional
Personal accident cover up to £5000.
N/A
Learner driver insurance, Young driver insurance, New driver insurance, Student insurance, First time drivers insurance
Up to £200 cover if handbag is stolen child seat cover.
No
Cover up to £10,000 per accidentand £2,500 per person.
N/A
Learner driver insurance
Insurance for young and learner drivers ages 17 to 25. Discounts up to 21% for good driving.
Up to 90 days
Get up to £10,000 cover per accident.
N/A
M&S Bank cardholder's save up to 15% when taking out a new policy or renewing existing insurance.
Up to 93 days with a foreign use extension
-
Up to 15% off certain additional car insurance policies
Young driver insurance
Up to 60 days
Cover for passenger injury.
N/A
Free breakdown cover for eligible new customers and 3 year guarantee on repairs carried out by approved repairers.
Up to 90 days
Optional extra
Get 10% off when you insure additional cars in your household
Multi-car, temporary insurance

Compare up to 4 providers

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:

Compare Lotus car insurance quotes

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