Asynchronous migration of insect herbivores and their host plants towards higher elevations following climate warming is expected to generate novel plant–insect interactions. While the disassociation of specialised interactions can challenge species' persistence, consequences for specialised low‐elevation insect herbivores encountering novel high‐elevation plants under climate change remain largely unknown. To explore the ability of two low‐elevation Lepidoptera species, Melitaea celadussa and Zygaena filipendulae, to undergo shifts from low‐ to high‐elevation host plants, we combined a translocation experiment performed at two elevations in the Swiss Alps with experiments conducted under controlled conditions. Specifically, we exposed M. celadussa and Z. filipendulae to current low‐ and congeneric high‐elevation host plants, to test how shifts in host plant use impact oviposition probability, number of eggs clutches laid, caterpillar feeding preference and growth, pupation rate and wing size. While our study shows that both M. celadussa and Z. filipendulae can oviposit and feed on novel high‐elevation host plants, we reveal strong preferences towards ovipositing and feeding on current low‐elevation host plants. In addition, shifts from current low‐ to novel high‐elevation host plants reduced pupation rates as well as wing size for M. celadussa, while caterpillar growth was unaffected by host plant identity for both species. Our study suggests that populations of M. celadussa and Z. filipendulae have the ability to undergo host plant shifts under climate change. However, these shifts may impact the ability of populations to respond to rapid climate change by altering developmental processes and morphology. Our study highlights the importance of considering altered biotic interactions when predicting consequences for natural populations facing novel abiotic and biotic environments.