Insurance Rates

Vectors2final · 08-11-2014, 06:28 PM

Yikes... I'd shop around.

Do you own a home?

Sir Loin · 08-12-2014, 02:34 AM

Quote:

Originally Posted by nujabes24

you all are lucky, I'm 25 clean record and i have USAA and pay literally 3700 a year

Who is luckier, an old guy driving a new M car with cheaper insurance or the guy who gets to own a brand new M car at the age of 25? I bet a lot of people would gladly pay $3,700 a year to be 25 again.

Glass is always half full, unless it is a wine glass.

filip75 · 08-12-2014, 03:24 AM

Quote:

Originally Posted by nujabes24

you all are lucky, I'm 25 clean record and i have USAA and pay literally 3700 a year

That's NJ for you

nbennettksu · 08-12-2014, 08:10 AM

30, a few tickets, East of 95 in South Florida (those of us in SFL know what weight that carries...) for my E46 M3 and the F80, it cost me $1236/6 months with a $500/$500 deduct.

Before the F80 we had the E46 and her Scion TC, it was costing us $1188/month with $500/$500

arube1 · 11-18-2014, 06:02 AM

I was just told that my Insurance for the m4 will increase by $2400 for the year....that is crazy...that is 2400 more than my Audi s5 that I just turned in...anyone else getting similar rates? Not sure I can afford such an up charge...

JeffM-Houston · 11-18-2014, 06:41 AM

My M3 went up about $400 per year, after switching from a 2012 Ford Focus, seemed fair to me.

/// M sa · 11-18-2014, 06:51 AM

I pay 98 bucks a month

arube1 · 11-18-2014, 07:04 AM

So something seems wrong then... I have a perfect driving record ...live in a safe area...how could it go up 2400? It's allstate...

Vigilant · 11-18-2014, 07:05 AM

Quote:

Originally Posted by arube1

I was just told that my Insurance for the m4 will increase by $2400 for the year....that is crazy...that is 2400 more than my Audi s5 that I just turned in...anyone else getting similar rates? Not sure I can afford such an up charge...

Look for a new carrier. I use USAA and my insurance cost increased $600 for the year. The increase is primarily for the "new car status". $2400 is exorbitant...unless you have a suspect history with driving, i.e. multiple speeding tickets, at fault accidents with citations, DUI.

Vigilant · 11-18-2014, 07:14 AM

Quote:

Originally Posted by arube1

So something seems wrong then... I have a perfect driving record ...live in a safe area...how could it go up 2400? It's allstate...

That is odd...I would shop for comparable coverage but don't skimp on the quality of coverage.
Let Allstate know the other rates...they will probably match it.

JTO24 · 11-18-2014, 07:16 AM

I switched from Liberty Mutual to Allstate in September and my premium decreased by $1500.

arube1 · 11-18-2014, 07:16 AM

Thanks very much....might be time to switch Insurance companies...otherwise I am canceling my order....can't afford that kind of jump....

Wah · 11-18-2014, 07:17 AM

I switched to Liberty Mutual from GEICO last month... insurance went down $1000 per year. My home insurance also went down $1000. Call them!

Liberty Mutual is a BMW partner so you get a rate discount and they use OEM parts for repairs.

Vigilant · 11-18-2014, 07:19 AM

Quote:

Originally Posted by arube1

Thanks very much....might be time to switch Insurance companies...otherwise I am canceling my order....can't afford that kind of jump....

No don't cancel order...that would be a mistake! Do everything humanly possible to get your rear end in this car, short of selling family members and body parts.

Wah · 11-18-2014, 07:22 AM

Quote:

Originally Posted by Vigilant

No don't cancel order...that would be a mistake! Do everything humanly possible to get your rear end in this car, short of selling family members and body parts.

I disagree...

To get into this car, I would definitely sell body parts... and probably some family members as well.

Falafel Combo · 11-18-2014, 07:31 AM

Quote:

Originally Posted by Wah

I switched to Liberty Mutual from GEICO last month... insurance went down $1000 per year. My home insurance also went down $1000. Call them!

Liberty Mutual is a BMW partner so you get a rate discount and they use OEM parts for repairs.

Geico quoted an increase of $464.10 for the year (coming from a 2013 335i). Will check liberty mutual. I like the OEM parts thing.

dmk08 · 11-18-2014, 07:38 AM

I pay $88 a month for my e92 and was just told yesterday swapping to my f82 and adding gap since im financing will take me up to $103 a month. BMWFS wants over $700 for gap. Screw that. I have nationwide and im 35 with 0 points.

rcclarke · 11-18-2014, 07:52 AM

Like some of the other posters, I recently shopped carriers and ended up going with Travelers after having been with State Farm for nearly 20 years. My premium for home and auto dropped by about $1800/year. It's typically a good idea to price shop if you've been with a carrier for a few years.

As for the M3, the price they quoted me was just under $1100/year, which is slightly less than the 328i and Z4 that it will be replacing.

Damasconian · 11-18-2014, 07:56 AM

I have the M4 listed as a secondary car (less than 8K miles per year) and Ill pay roughly $900 per year. That's with a 1K deductible.

absoluteis350 · 11-18-2014, 08:02 AM

Quote:

Originally Posted by arube1

I was just told that my Insurance for the m4 will increase by $2400 for the year....that is crazy...that is 2400 more than my Audi s5 that I just turned in...anyone else getting similar rates? Not sure I can afford such an up charge...

My insurance premium is $2800.. FOR 3(!) cars, which include a Rover. Something is seriously wrong with the quote you got, if you have a perfect driving record.

minisbmw · 11-18-2014, 10:09 AM

my wife is my insurance agent and my premium went up about $600. I went from a 2010 335i to the M3 so i knew it would be more and this seems to be in line.

Flashman666 · 11-18-2014, 10:40 AM

My Geico insurance went up $500 yearly, moving from a 2008 m3 to a new M4. I also upped some coverages but if you already have full tort and comprehensive, it shouldn't go up a ton.

08-11-2014, 06:28 PM	#133
Vectors2final Brigadier General 1342 Rep 3,341 Posts Drives: 2018 F80 YMB/SS ZCP Join Date: May 2011 Location: Austin, Tx iTrader: (0)	Yikes... I'd shop around. Do you own a home?
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11-18-2014, 06:02 AM	#137
arube1 Private First Class 39 Rep 185 Posts Drives: audi s5 Join Date: Oct 2014 Location: long island ny iTrader: (0)	Insurance for m4 I was just told that my Insurance for the m4 will increase by $2400 for the year....that is crazy...that is 2400 more than my Audi s5 that I just turned in...anyone else getting similar rates? Not sure I can afford such an up charge...
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11-18-2014, 06:41 AM	#138
JeffM-Houston Second Lieutenant 72 Rep 234 Posts Drives: 2015 M3 - White/Sakir Join Date: Aug 2014 Location: Texas iTrader: (0)	My M3 went up about $400 per year, after switching from a 2012 Ford Focus, seemed fair to me.
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11-18-2014, 06:51 AM	#139
/// M sa Major 240 Rep 1,418 Posts Drives: F80 MG Join Date: Jan 2014 Location: Delmarva iTrader: (0)	I pay 98 bucks a month
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11-18-2014, 07:04 AM	#140
arube1 Private First Class 39 Rep 185 Posts Drives: audi s5 Join Date: Oct 2014 Location: long island ny iTrader: (0)	So something seems wrong then... I have a perfect driving record ...live in a safe area...how could it go up 2400? It's allstate...
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11-18-2014, 07:16 AM	#143
JTO24 never could compete with Lloyd Braun 5272 Rep 5,378 Posts Drives: 2022 G80 M3 6MT Join Date: Feb 2011 Location: South Jersey iTrader: (7)	I switched from Liberty Mutual to Allstate in September and my premium decreased by $1500. __________________ 2022 G80 M3 6MT \| Skyscraper Gray \| Kyalami Orange 2018 F87 M2 6MT \| Alpine White (sold) 2016 981 Cayman 6MT \| Jet Black (sold) 2015 F80 M3 DCT \| Tanzanite Blue \| Gold Brown (sold) 2013 E92 M3 6MT \| Mineral White \| Fox Red/Black (sold)
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11-18-2014, 07:16 AM	#144
arube1 Private First Class 39 Rep 185 Posts Drives: audi s5 Join Date: Oct 2014 Location: long island ny iTrader: (0)	Time to switch... Thanks very much....might be time to switch Insurance companies...otherwise I am canceling my order....can't afford that kind of jump....
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11-18-2014, 07:17 AM	#145
Wah IG@i.am.wah 2779 Rep 3,815 Posts Drives: M2 CS Join Date: Jul 2009 Location: NJ iTrader: (4) Garage List 2022 Tesla Model Y ... [0.00] 1974 BMW 2002 [0.00] 2020 BMW M2 CS [0.00]	I switched to Liberty Mutual from GEICO last month... insurance went down $1000 per year. My home insurance also went down $1000. Call them! Liberty Mutual is a BMW partner so you get a rate discount and they use OEM parts for repairs.
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11-18-2014, 07:38 AM	#149
dmk08 Gone Fishin’ 7316 Rep 12,125 Posts Drives: Walks Join Date: Jul 2012 Location: Atlanta iTrader: (19)	I pay $88 a month for my e92 and was just told yesterday swapping to my f82 and adding gap since im financing will take me up to $103 a month. BMWFS wants over $700 for gap. Screw that. I have nationwide and im 35 with 0 points.
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11-18-2014, 07:52 AM	#150
rcclarke Private 38 Rep 91 Posts Drives: 2017 M3 Join Date: Sep 2014 Location: United States iTrader: (0)	Like some of the other posters, I recently shopped carriers and ended up going with Travelers after having been with State Farm for nearly 20 years. My premium for home and auto dropped by about $1800/year. It's typically a good idea to price shop if you've been with a carrier for a few years. As for the M3, the price they quoted me was just under $1100/year, which is slightly less than the 328i and Z4 that it will be replacing.
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11-18-2014, 07:56 AM	#151
Damasconian Lieutenant Colonel 742 Rep 1,555 Posts Drives: 2015 M4 Join Date: Mar 2014 Location: Texas iTrader: (0)	I have the M4 listed as a secondary car (less than 8K miles per year) and Ill pay roughly $900 per year. That's with a 1K deductible. __________________ 2015 M4 6-MT
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11-18-2014, 10:09 AM	#153
minisbmw New Member 1 Rep 22 Posts Drives: M3 Alpine White Black 19,DCT, Join Date: Oct 2014 Location: MA iTrader: (0)	my wife is my insurance agent and my premium went up about $600. I went from a 2010 335i to the M3 so i knew it would be more and this seems to be in line.
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11-18-2014, 10:40 AM	#154
Flashman666 New Member 5 Rep 25 Posts Drives: 2015 M4 MG/SS DCT Join Date: Aug 2014 Location: Philadelphia, PA iTrader: (0)	My Geico insurance went up $500 yearly, moving from a 2008 m3 to a new M4. I also upped some coverages but if you already have full tort and comprehensive, it shouldn't go up a ton.
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