Save on Lotus Elise insurance

Three Steps to Cheaper Lotus Elise Insurance

If comparing car insurance was easy, most of us would do it more often. But it's actually not a real enjoyable process for the majority of people and we always seem to end up paying too much. Finding insurance for your Lotus Elise that you can actually afford is probably no different.

Step One: Compare Multiple Rates

Up until about ten years ago, the only way to shop for car insurance was in the office of a local insurance agent where you'd get a hard sell into a policy. Now you can compare rates and buy a policy online!

Getting online rate quotes for a Lotus Elise from all the major insurance companies is very easy and only requires you to enter your information once.

Compare rates now by clicking the link below. In just a few minutes you'll have a good idea of what insurance will cost for your Lotus Elise.

Apples-to-Apples! When doing comparison quotes for your Elise, it's very important that you use the same liability limits and physical damage deductibles on each quote. Otherwise you will not be able to accurately determine which company has the lowest rates.

Step Two: Best Ways to Lower your Elise Insurance Cost

After completing step one above, you can now learn some of the other ways to slash your Elise insurance costs.

Step Three: Bind Coverage and Cancel your Old Policy

Purchasing an insurance policy is more than just clicking a button. You need to have funds available to make payment and you need to be sure that the coverages are adequate for your personal situation.

If you didn't have a prior policy, then you can make the new policy effective any time. But if you're moving bewteen companies and don't want a lapse in coverage, make sure the effective date of the new policy is exactly the same as the cancellation date of the old policy.

If the Lotus Elise is a new purchase and you already have car insurance, then you will have some coverage that extends to the vehicle. But if you let your old policy lapse or have never had coverage, you don't have any protection once you buy the vehicle. When driving off the lot, you may have coverage that extends from your current policy. But it will only be equal to the most coverage you have on any vehicle. So if you only carry liability coverage, you won't be covered for full coverage until you specify it on your policy.

The proof-of-insurance card that is required by state law to be carried in your vehicle can be printed out upon completion of your car insurance policy. High risk drivers may be required to submit an SR-22 with their state DMV's. If you have been convicted of reckless driving, DUI or had an uninsured accident, you may qualify. Make sure your new policy reflects the need for the SR-22 filing.

More Resources for Insurance Buying

For more information on car insurance topics like the claims process, rental car insurance and how much coverage you need, visit the Insurance Information Institute website.

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