Insurance Rates

jmg · 03-11-2018, 07:57 PM

Quote:

Originally Posted by HPIA4v2

Always good to have no accident or ticket of course. Once you have those in your records no matter which insurance company, the premium is ridiculous, that's why I am house-trained now

I had a string of bad luck with tickets and 4 not at fault accidents between my wife and I, and one additional accident which was my fault. My premiums for 2 cars was $4200/6 mo. I almost had a heart attack. Switched to AIS and they brought it down to $3500 or something and just drove like a saint for a few years.

jninja · 03-11-2018, 08:04 PM

Quote:

Originally Posted by jmg

I had a string of bad luck with tickets and 4 not at fault accidents between my wife and I, and one additional accident which was my fault. My premiums for 2 cars was $4200/6 mo. I almost had a heart attack. Switched to AIS and they brought it down to $3500 or something and just drove like a saint for a few years.

Holy crap... at that point, I probably would've thrown in the towel, and bought something cheap outright to pay minimum insurance for a few waves, until full insurance on something nice was reasonable again.

jmg · 03-11-2018, 08:08 PM

Quote:

Originally Posted by jninja

Quote:

Originally Posted by jmg

I had a string of bad luck with tickets and 4 not at fault accidents between my wife and I, and one additional accident which was my fault. My premiums for 2 cars was $4200/6 mo. I almost had a heart attack. Switched to AIS and they brought it down to $3500 or something and just drove like a saint for a few years.

Holy crap... at that point, I probably would've thrown in the towel, and bought something cheap outright to pay minimum insurance for a few waves, until full insurance on something nice was reasonable again.

The insurance rates on my wife's car wouldn't have benefitted from a cheaper car since it wasn't that much to insure to begin with. My M3 wasn't too bad either and the loss on getting rid of it early wouldn't net much savings given that my rate wasn't necessarily that high because of the car, but because of my driving record.

jninja · 03-11-2018, 08:23 PM

Quote:

Originally Posted by jmg

The insurance rates on my wife's car wouldn't have benefitted from a cheaper car since it wasn't that much to insure to begin with. My M3 wasn't too bad either and the loss on getting rid of it early wouldn't net much savings given that my rate wasn't necessarily that high because of the car, but because of my driving record.

I hear ya, and that sucks... I'm just saying, for $8.5k a year for insurance (I'm at $1.2k/yr for FULL ins on 2 new vehicles now)...1 of us would've been bicycling to work, and the other a paid in full lower priced vehicle, W/O full insurance until all that got sorted

I'm joking

jmg · 03-11-2018, 08:25 PM

Quote:

Originally Posted by jninja

Quote:

Originally Posted by jmg

The insurance rates on my wife's car wouldn't have benefitted from a cheaper car since it wasn't that much to insure to begin with. My M3 wasn't too bad either and the loss on getting rid of it early wouldn't net much savings given that my rate wasn't necessarily that high because of the car, but because of my driving record.

I hear ya, and that sucks... I'm just saying, for $8.5k a year for insurance (I'm at $1.2k/yr for FULL ins on 2 new vehicles now)...1 of us would've been bicycling to work, and the other a paid in full lower priced vehicle, W/O full insurance until all that got sorted

I'm joking

Lol I probably could have hired a full time driver with a limo and it would have been cheaper.

truep287 · 10-10-2018, 10:48 PM

I'm paying $2299. Seems kind of ridiculous. No history of accidents or tickets (yet).

MomoM3 · 10-10-2018, 10:54 PM

Your insurance rates will vary drastically depending on age, ZIP, miles per year, credit score, violations, accidents, and so many more variables that it would be difficult to know the baseline.

SakhirM4 · 10-10-2018, 10:58 PM

I pay $700 every 6 months for my M4 from USAA.

Budget M3 · 10-10-2018, 11:46 PM

Quote:

Originally Posted by MomoM3

Your insurance rates will vary drastically depending on age, ZIP, miles per year, credit score, violations, accidents, and so many more variables that it would be difficult to know the baseline.

Exactly...age is really only a factor until 25 or so, then it shifts to the other factors. Believe it or not, marital status is also a consideration for most insurance companies, as is whether or not you own your own home or rent. The more you have to lose, the more risk averse you tend to be. Insurance companies like risk aversion.

Nikolas · 10-11-2018, 12:05 AM

The only way you can compare what others are paying, you have to now so much more...coverage limits, deductible, location, age, single car, multi car, driver history....etc. these threads are worthless when people simply post their premium.

Graves · 10-11-2018, 03:19 AM

I pay 120€ a month. Germany has pretty strict insurance regulations though.

dkhm3 · 10-11-2018, 03:53 AM

try progressive.

Mapo · 10-11-2018, 04:11 AM

My 2016 M4 ($1500/year) costs me almost twice that of my 2018 Cayman S ($800/year): No accidents, age 59, both same coverage on same policy. Crazy !

Donger Kim · 10-11-2018, 06:40 AM

I believe my insurance for all my cars has gone up quite a bit for some reason this year (no accidents or major changes)

Age 29 Male Unmarried Homeowner
MY18 F80
Seattle area
Multi car (4 cars insured) + Home/umbrella/life
No accidents/claims/clean driving record

Premium is $1600 a year
I forgot he exact numbers but the absolute minimum amount for a lease. I believe 100k-300k? Deductibles are also at the highest BMW allows (Either 1500 or 2k. i know BMW is one of those numbers and my mercedes is the other)

Ironically my 15 year old e46 m3 costs more to insure than my brand new ish f80 lol.

I vaguely remember my MY16 F80 was less than 1k a year under the same circumstances, except I was younger and didn’t own a home...

volkl23 · 10-11-2018, 09:38 AM

My 2018 M3 is a little under $700 / 6 months. My 14 year old Subaru WRX STi is $450 / 6 months!! I'm sure that has to do with a lot of the teenager wannabe racer bois.

jd__m4 · 10-11-2018, 10:06 AM

34 y/o single male, homeowner, w/ an at-fault accident (Sept '17)

I have two cars and homeowner's with State Farm and pay $1500/6 mo for auto. It's $160/mo for 2016 M3 and $100/mo for 2011 CR-Z.

I switched to State Farm about 6ish months ago after Progressive jacked up my premium twice over two renewals. I anticipated the first increase due to the accident, but the second increase 6 months after the accident wasn't something I expected.

prodigymb · 10-17-2018, 10:59 AM

Quote:

Originally Posted by Mapo

My 2016 M4 ($1500/year) costs me almost twice that of my 2018 Cayman S ($800/year): No accidents, age 59, both same coverage on same policy. Crazy !

funny but my M3 costs almost double to insure as my 997 Turbo.

damageprone · 10-17-2018, 11:10 AM

Just had to renew.

$1500/6 months for 3 cars including the M3, the other two are daily beaters.

A Homeowner and married if that means anything.

Richy Rich · 10-17-2018, 11:47 AM

For everyone saying their F8x is more than their other vehicles it's probably because it's your primary — my Denali is over double my Aventador S Roadster for example, because it's my daily use vehicle so it's the highest risk, not because of vehicle or repair cost.

NoMoreAudi · 10-17-2018, 01:36 PM

$148/month with great coverage.

DML · 10-17-2018, 10:12 PM

Quote:

Originally Posted by truep287

I'm paying $2299. Seems kind of ridiculous. No history of accidents or tickets (yet).

Location has great influence, shop it, you might be pleasantly surprised.

DML · 10-17-2018, 10:14 PM

Quote:

Originally Posted by NoMoreAudi

$148/month with great coverage.

$125 a month, also great coverage with a $500 deductible. My old "Is" was $200 a month, go figure.

10-10-2018, 10:48 PM	#732
truep287 Enlisted Member 45 Rep 47 Posts Drives: BMW M3 Azurite Black Join Date: Apr 2017 Location: Chicago iTrader: (1)	What's your M3 car insurance rate? I'm paying $2299. Seems kind of ridiculous. No history of accidents or tickets (yet).
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10-10-2018, 10:54 PM	#733
MomoM3 Major 984 Rep 1,418 Posts Drives: X7 M50i \| M2 CS \| X5 35i Join Date: Aug 2008 Location: Lehigh Valley PA iTrader: (3)	Your insurance rates will vary drastically depending on age, ZIP, miles per year, credit score, violations, accidents, and so many more variables that it would be difficult to know the baseline.
	Appreciate 1 Budget M3125.00 Quote

10-10-2018, 10:58 PM	#734
SakhirM4 Major General 10783 Rep 8,852 Posts Drives: '15 SO M4/'20 Z4 M40i Join Date: Jul 2014 Location: Austin, TX iTrader: (0) Garage List 2020 BMW Z4 M40i [10.00] 2015 BMW M4 [8.76]	I pay $700 every 6 months for my M4 from USAA. __________________ Tejas Chapter, BMW CCA, mem #23915, President 27 years, www.tejaschapter.org
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10-11-2018, 12:05 AM	#736
Nikolas Colonel 313 Rep 2,576 Posts Drives: 996 TT Join Date: Jul 2007 Location: Sierra Mountains iTrader: (0)	The only way you can compare what others are paying, you have to now so much more...coverage limits, deductible, location, age, single car, multi car, driver history....etc. these threads are worthless when people simply post their premium.
	Appreciate 0 Quote

10-11-2018, 03:19 AM	#737
Graves Sicario 1130 Rep 1,248 Posts Drives: 2018 M3 ZCP Join Date: Jul 2017 Location: Fort Stewart iTrader: (1) Garage List 2018 BMW M3 ZCP [0.00]	I pay 120€ a month. Germany has pretty strict insurance regulations though. __________________ Ryan King 2018 M3 ZCP
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10-11-2018, 03:53 AM	#738
dkhm3 Brigadier General 1881 Rep 3,341 Posts Drives: 991.2 GT3 2020 X3MC Join Date: Jan 2009 Location: Orange County iTrader: (0)	try progressive. __________________ Currently: 2018 GT3 2020 X3MC Previously: 1999 M3 2002 M3 2005 S4 2008 C63 2015 M3 2016 X5M 2019 911S
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10-11-2018, 04:11 AM	#739
Mapo New Member 9 Rep 26 Posts Drives: M4 Join Date: Nov 2016 Location: Audubon,pa iTrader: (0)	My 2016 M4 ($1500/year) costs me almost twice that of my 2018 Cayman S ($800/year): No accidents, age 59, both same coverage on same policy. Crazy !
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10-11-2018, 06:40 AM	#740
Donger Kim Captain 205 Rep 683 Posts Drives: MY16 M3 Join Date: Jun 2015 Location: Seattle iTrader: (0)	I believe my insurance for all my cars has gone up quite a bit for some reason this year (no accidents or major changes) Age 29 Male Unmarried Homeowner MY18 F80 Seattle area Multi car (4 cars insured) + Home/umbrella/life No accidents/claims/clean driving record Premium is $1600 a year I forgot he exact numbers but the absolute minimum amount for a lease. I believe 100k-300k? Deductibles are also at the highest BMW allows (Either 1500 or 2k. i know BMW is one of those numbers and my mercedes is the other) Ironically my 15 year old e46 m3 costs more to insure than my brand new ish f80 lol. I vaguely remember my MY16 F80 was less than 1k a year under the same circumstances, except I was younger and didn’t own a home...
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10-11-2018, 09:38 AM	#741
volkl23 Second Lieutenant 46 Rep 236 Posts Drives: 2018 F80 M3 ZCP Join Date: Dec 2010 Location: USA iTrader: (0)	My 2018 M3 is a little under $700 / 6 months. My 14 year old Subaru WRX STi is $450 / 6 months!! I'm sure that has to do with a lot of the teenager wannabe racer bois.
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10-11-2018, 10:06 AM	#742
jd__m4 Captain 415 Rep 689 Posts Drives: AY M4 Join Date: Jun 2018 Location: Montco, PA iTrader: (1)	34 y/o single male, homeowner, w/ an at-fault accident (Sept '17) I have two cars and homeowner's with State Farm and pay $1500/6 mo for auto. It's $160/mo for 2016 M3 and $100/mo for 2011 CR-Z. I switched to State Farm about 6ish months ago after Progressive jacked up my premium twice over two renewals. I anticipated the first increase due to the accident, but the second increase 6 months after the accident wasn't something I expected.
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10-17-2018, 11:10 AM	#744
damageprone Major 581 Rep 1,055 Posts Drives: Tesla Join Date: Mar 2017 Location: Casino iTrader: (1)	Just had to renew. $1500/6 months for 3 cars including the M3, the other two are daily beaters. A Homeowner and married if that means anything.
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10-17-2018, 11:47 AM	#745
Richy Rich Colonel 3169 Rep 2,135 Posts Drives: F80 \| MKIV Supra \| Aventador S Join Date: Jan 2014 Location: Los Angeles iTrader: (0)	For everyone saying their F8x is more than their other vehicles it's probably because it's your primary — my Denali is over double my Aventador S Roadster for example, because it's my daily use vehicle so it's the highest risk, not because of vehicle or repair cost. __________________ For Sale: 2017 740whp Frozen White M3 \| 5900 Miles [sold] 'GR3MLIN' - Satin Mineral Grey M3 Build Thread
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10-17-2018, 01:36 PM	#746
NoMoreAudi Lieutenant 222 Rep 421 Posts Drives: F86 Join Date: Sep 2015 Location: California iTrader: (3) Garage List 2019 X6M [0.00]	$148/month with great coverage.
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