Auto Insurance

[espressoo]

As a prospect M buyer/owner, I'm curious how much M3/M4 owners in NoVA are paying for their auto insurance? I know rates are much lower in this state than say MD but it's good info to share.

Insurer: Allstate/Geico or etc
Cost: $xxx (specify Monthly or Annually)
Coverage: $100K/$300K/$100K or etc
Age Range: 20's, 30's, 40's or etc
Record: Spotless/Decent/Last Straw

[f80er]

Cheaper than in MD? Interested to see what the cost difference is between MD and VA. I am in MD.

USAA
$89 monthly
30/60/15
30s
Spotless since 2010

Granted I have 2 other cars and my howe owners insurance so I get discounts from that as well but the $89 is just for my M3.

[EALm4]

State Farm
$87 month
100/250/100k
200 deduct comprehensive
250 deduct collision
spotless
30's

Have homeowners, 2nd car and personal articles policy as well

[Sinnakle]

USAA
$111 monthly
$100k/300
$50k prop
250 deduct
30s
Spotless

[golovko]

Insurer: Allstate
Cost: $577 biannual
Coverage: $250k/person bodily injury, $100k/property damage, $100 deductible
Age Range: 30s
Record: Spotless

This also includes a lot of discounts varying from multiple car, landlord, renters, pay in full, auto pay, short daily commute, etc but this portion is just what the M3 costs.

[Tepr05]

Progressive, in Maryland
$1012 annually, collision+comp.
100/300/100
$1k deductibles
Multi policy (homeowners), 3 cars (price is just for the ‘17 M3)
Decent, 1 at fault 3 years ago, no other cars involved (sleeting and let the wife borrow the 335, doh!)
30s

[espressoo]

Some of you are paying really low rates. I got some quotes from my agent and it looks like I need to switch. Does options play a large role in rates based on your experience? This quote is only for a moderately optioned M3.

Insurer: Allstate
Cost: $1,520 Annually
Coverage: $100K/$300K/$100K
Age Range: 30's
Record: Spotless
VA. $500 deductible. Multi policy holder as well.

[alex2364]

Insurer: Geico
Cost: $564/6 months
Coverage: 500k/1 million/500k
Age Range: 30s
Record: 1 claim within the past 3 years

[EALm4]

Originally Posted by espressoo

Some of you are paying really low rates. I got some quotes from my agent and it looks like I need to switch. Does options play a large role in rates based on your experience? This quote is only for a moderately optioned M3.

Insurer: Allstate
Cost: $1,520 Annually
Coverage: $100K/$300K/$100K
Age Range: 30's
Record: Spotless
VA. $500 deductible. Multi policy holder as well.

I was given a "safe vehicle" discount...whatever the hell that is. I also get a loyalty discount since I've been with State Farm for like 16 years

[rakusak]

Damn, ya'll must be lucky... I just got quoted here in TX and came in a lot higher:

State Farm
Cost: $154/mo
Coverage: $100K/$300K/$100K
Age Range: 30's
Record: Spotless
TX: $1,000 deductible. Multi policy holder as well.

[Who's on first]

Originally Posted by f80er

Cheaper than in MD? Interested to see what the cost difference is between MD and VA. I am in MD.

USAA
$89 monthly
30/60/15
30s
Spotless since 2010

Granted I have 2 other cars and my howe owners insurance so I get discounts from that as well but the $89 is just for my M3.

You need to think about your policy. As some others, may want to give this some thought.

Having low coverages could cost you dearly.

30/60/15... if you were to hit me, I could come after you personally. Your coverage would not even cover my car. Lol. Much less if it was a multi vehicle accident.

For those with low a Collision Deductible, say $500, would you file a claim for something that cost $800? Of course not, so why have your deductible that low?

Flip side, for comprehensive deductibles at $1,000, try getting a quote to lower that to $50. You could be surprised by the difference in premium.

Comprehensive in basic terms is for anything not caused by a vehicle. Someone keyed your car, you strike an animal, there?s a fight and someone lands on your hood. You know what you?re out? A lousy $50. Big deal.

You may see that simply raising your collision deductible will more than offset lowering your comprehensive.

I?ll share mine.
USAA
300/500/300
5 million umbrella
16 M4 & 16 X5.
$240 Monthly.

Umbrella is paid yearly, but I added it into the monthly fee.

Edit, since others shared other policies that give multi-line discounts.

1 Homeowners
2 Rentals
Personal Property

[espressoo]

Originally Posted by Who's on first

I?ll share mine.
USAA
300/500/300
5 million umbrella
16 M4 & 16 X5.
$240 Monthly.

Umbrella is paid yearly, but I added it into the monthly fee.

What state are you from? Age and deductibles? Which is more to insure, M4 or X5?

[Who's on first]

Originally Posted by espressoo

What state are you from? Age and deductibles? Which is more to insure, M4 or X5?

MD.

$50 Comp
$1,000 Collision
Over 40

M4 more to cover. Not by much though.

[jailonacs99]

D.C.:

USAA
$138/month
500K/1M/500K
30s
Spotless

I get quite a few discounts, including multiple insurance products from USAA. I also just increased my annual mileage estimate to 8K a year, added a few dollars a month. Other big driver are my deductibles, 300 each.

[///Mongo]

Geico
$135 per month

$300k bodily
$100k property
$300k uninsured motorist
$1mm umbrella policy
$500 deductible

Late 20's, no claims

I also have 1 other car, renters insurance and personal article policies that are "saving" me $60 per month

[golovko]

Originally Posted by espressoo

What state are you from? Age and deductibles? Which is more to insure, M4 or X5?

My wife's 17 X5 is less to insure than my 15 M3.

[MrSmileyDC]

Geico
100/300/100k
2k medical
900 rental
250 comp deductible
500 collision deductible
Multi car
Spotless record
30?s

$71 per month