Insurance Rates

TheIceStormOf06 · 02-26-2015, 06:56 AM

I'm surprised no one said state farm. I've had them for 15 years. Seem to have the best rates. I've had a few non fault claims. Why hasn't anyone suggested them?

dmk08 · 02-26-2015, 07:32 AM

Quote:

Originally Posted by TheIceStormOf06

I'm surprised no one said state farm. I've had them for 15 years. Seem to have the best rates. I've had a few non fault claims. Why hasn't anyone suggested them?

State Farm for me in an Atlanta burb is almost twice as much as Nationwide, Geico, or Progressive for the same coverage. Two mid 30s adults with no infractions and "great" credit.

I have Nationwide with gap and OEM replacement.

samsway · 02-26-2015, 08:32 AM

Quote:

Originally Posted by funk74

Don't know if they are around in your part of the country but we use Amica. Been very pleased with their service when we've needed it in the past.

Second that... Amica is awesome and does go out of the way to keep you satisfied and happy. Someone crashed into my pilot on the freeway which required a whole quarter panel to be changed among other things. They only ordered OEM and car was in the shop for 40 days. Paid out $13,000!! That's more than one third of the cars price!

Amica all the way!

GOLFFRR · 02-26-2015, 08:40 AM

another thing you all should consider when looking into insurance is that they cover BRAND NEW OEM REPLACEMENT parts. This is SO important. 90% of insurance companies DO NOT do this. They will replace your parts with other options which they will say they warranty the part however don't be fooled, if its not a brand new OEM part from BMW, your BMW warranty will be voided. Trust me I know this first hand with Geico. They screwed me a few years back and since then I make sure I get it in writing from my agent (farmers) that any issues will be covered by brand new OEM parts. I try to warn everyone I can about this bc I don't want anyone to get burned

LAnderson23 · 02-26-2015, 08:43 AM

Quote:

Originally Posted by GOLFFRR

another thing you all should consider when looking into insurance is that they cover BRAND NEW OEM REPLACEMENT parts. This is SO important. 90% of insurance companies DO NOT do this. They will replace your parts with other options which they will say they warranty the part however don't be fooled, if its not a brand new OEM part from BMW, your BMW warranty will be voided. Trust me I know this first hand with Geico. They screwed me a few years back and since then I make sure I get it in writing from my agent (farmers) that any issues will be covered by brand new OEM parts. I try to warn everyone I can about this bc I don't want anyone to get burned

Thanks for the advice, I would have never known that.

GOLFFRR · 02-26-2015, 08:49 AM

Quote:

Originally Posted by LAnderson23

Thanks for the advice, I would have never known that.

I didn't know that either till the geico rep (some random person) told me and when I said no I only want brand new OEM parts they would not cover it. So I took the money they paid me and spent the extra to replace everything with OEM parts. Even at my cost it cost me a lot of money so I could see why they do that. They were going to replace it with some sort of re furbished part, not going to work.

Our BMW area rep for service also confirmed with me that any non new BMW replacement part technically could be connected to any part in your car so you basically walking a tight rope. No thanks

TheIceStormOf06 · 02-26-2015, 01:19 PM

Quote:

Originally Posted by dmk08

State Farm for me in an Atlanta burb is almost twice as much as Nationwide, Geico, or Progressive for the same coverage. Two mid 30s adults with no infractions and "great" credit.

I have Nationwide with gap and OEM replacement.

Thanks, good to know. I got a quote of $122/month multi-line discount on Statefarm mutual, 36m, no at fault accidents/tickets, great credit, 50/100/50 $500 deductible, north atlanta suburbs. This was for the M4. I thought that was a bit high. So I'm going to check nationwide.

I wonder if SF offers a separate endorsement for OEM parts??

RMNB · 02-26-2015, 01:43 PM

Quote:

Originally Posted by TheIceStormOf06

Thanks, good to know. I got a quote of $122/month multi-line discount on Statefarm mutual, 36m, no at fault accidents/tickets, great credit, 50/100/50 $500 deductible, north atlanta suburbs. This was for the M4. I thought that was a bit high. So I'm going to check nationwide.

I wonder if SF offers a separate endorsement for OEM parts??

Nationwide offers up here in Md as I am an agent. Advise... raise your limits from 50/100/50 to 300/300/100 and ask about an Umbrella policy. You would be surprised it doesn't cost that much at all. Money well spent. Good luck!!

m3z · 02-26-2015, 02:58 PM

Quote:

Originally Posted by GOLFFRR

another thing you all should consider when looking into insurance is that they cover BRAND NEW OEM REPLACEMENT parts. This is SO important. 90% of insurance companies DO NOT do this. They will replace your parts with other options which they will say they warranty the part however don't be fooled, if its not a brand new OEM part from BMW, your BMW warranty will be voided. Trust me I know this first hand with Geico. They screwed me a few years back and since then I make sure I get it in writing from my agent (farmers) that any issues will be covered by brand new OEM parts. I try to warn everyone I can about this bc I don't want anyone to get burned

im assuming farmers offers OEM parts in case of accident? or do you have a to a pay a little extra for your policy? (which I think is totally worth it)

waldoaz · 03-18-2015, 09:19 PM

Mine went up $68 for my policy and I'm at around $105 a month. LOL

This coming from a 335I

cougs99163 · 03-18-2015, 09:38 PM

Quote:

Originally Posted by Vigilant

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.

I switched from usaa to geico, literally saved 50%.

Man that sounded very corporate.

cougs99163 · 03-18-2015, 09:40 PM

Quote:

Originally Posted by DocWeatherington

Quote:

Originally Posted by IMMLaw

My quotes from the following coverage is 100/300, I have personal injury protection $10,000, uninsured motorist protection, rental car $35/day, towing, and a $500 deductible:

1. State Farm (current agent): Approximately $950 every 6 months

2. State Farm (new agent): Approximately $780 every 6 months

3. Allstate: Approximately $1,164 every 6 months

4. GEICO: Approximately $497 every 6 months!

Needless to say, Geico is about to earn my business.

29-year-old male, no criminal or driving record, clean as a whistle.. only car on the policy but I'm going to now move my entire family's cars over and see what kind of deal I can get. It also seemed too good to be true but I have the quote in writing!!

Read the fine print, GEICO may not be the best option.

I'm interested to know, what kinds of things in the fine print? I recently switched and feel like I increased coverages

Wah · 03-18-2015, 09:49 PM

I switched from GEICO to Liberty Mutual and saved $1000/year. I then switched my homeowners to Liberty Mutual and saved another $1000/year. I'll keep an eye on my rates at renewal, but needless to say, I was quite happy after that phone call.

edit: didn't realize I already posted in this thread!

bigdog1250 · 03-18-2015, 10:06 PM

Just got Metro Mile which is a cool new Insurance start-up that is well funded. It's a pay per mile model and is very inexpensive for drivers that don't do more than 600 miles per month.

I have a base payment of $70/month + $0.11/mile.
Also, if you're doing a long road trip they will only charge you up to 150 miles per day.

Geico quoted me $130/month
With Metro Mile I should be paying $110ish given the amount of miles I drive with a $250/deductible

Check it out!

huatian · 03-19-2015, 07:39 AM

Seems way out of line. but insurance is based on few factors some made up some legit. Best advise is to shop around. All things being equal, $2400 per year extra for the M4 is crazy.

48Laws · 03-19-2015, 08:07 AM

Geico has a bad habit of discounting heavily initially then eventually creeping up every year. I mean... Every year without explanation.

CaryTheLabelGuy · 03-19-2015, 08:40 AM

My GEICO insurance policy for both the 2015 X3 28d and the M4 is only $155/mth.

100/300
$250 deductible
All the bells and whistles.

MWcoupe · 03-19-2015, 09:47 AM

Been paying $2600 for my e90 and now the same for m4. Just switched to statefarm 2k a year new york

X2Board · 03-19-2015, 10:24 AM

I was at $1500 yr. for the X5M and F80. With the X5 M gone, I'm at $736.00 a year for the F80, until I buy a replacement for the X5M and get my multi-car discount back. This is with Erie insurance.

byetter · 03-19-2015, 05:19 PM

$1,100 Per year here. A $2400 increase is INSANE!!!!

Who's on first · 03-19-2015, 05:25 PM

Quote:

Originally Posted by Vigilant

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.

Same boat... Not for long though. Have USAA, 2014 Grand Cherokee & 2014 M235i... Drop the M235i, add the M4... Up 600 a year...

CALL GEICO... Same exact policy 300/500/300..

LESS then what I was paying at USAA with the 235.

They are REALLY going after military people.

Vigilant · 03-19-2015, 07:51 PM

Quote:

Originally Posted by I hate picking user names

Same boat... Not for long though. Have USAA, 2014 Grand Cherokee & 2014 M235i... Drop the M235i, add the M4... Up 600 a year...

CALL GEICO... Same exact policy 300/500/300..

LESS then what I was paying at USAA with the 235.

They are REALLY going after military people.

How about that...good you could lower your payment. Maybe I need to reassess my auto insurance.

02-26-2015, 06:56 AM	#221
TheIceStormOf06 Second Lieutenant 62 Rep 225 Posts Drives: BMW E93 Sold Join Date: Apr 2014 Location: Atlanta, GA iTrader: (0)	I'm surprised no one said state farm. I've had them for 15 years. Seem to have the best rates. I've had a few non fault claims. Why hasn't anyone suggested them?
	Appreciate 0 Quote

02-26-2015, 08:40 AM	#224
GOLFFRR 10802 Rep 27,595 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	another thing you all should consider when looking into insurance is that they cover BRAND NEW OEM REPLACEMENT parts. This is SO important. 90% of insurance companies DO NOT do this. They will replace your parts with other options which they will say they warranty the part however don't be fooled, if its not a brand new OEM part from BMW, your BMW warranty will be voided. Trust me I know this first hand with Geico. They screwed me a few years back and since then I make sure I get it in writing from my agent (farmers) that any issues will be covered by brand new OEM parts. I try to warn everyone I can about this bc I don't want anyone to get burned __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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03-18-2015, 09:19 PM	#230
waldoaz Private 8 Rep 63 Posts Drives: 2012 335i Coupe Join Date: Sep 2012 Location: Arizona iTrader: (0)	Mine went up $68 for my policy and I'm at around $105 a month. LOL This coming from a 335I
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03-18-2015, 09:49 PM	#233
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 from GEICO to Liberty Mutual and saved $1000/year. I then switched my homeowners to Liberty Mutual and saved another $1000/year. I'll keep an eye on my rates at renewal, but needless to say, I was quite happy after that phone call. edit: didn't realize I already posted in this thread! Last edited by Wah; 03-18-2015 at 09:59 PM..
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03-18-2015, 10:06 PM	#234
bigdog1250 Private First Class 51 Rep 117 Posts Drives: Sakhir M4 Join Date: Nov 2014 Location: San Francisco iTrader: (0)	Just got Metro Mile which is a cool new Insurance start-up that is well funded. It's a pay per mile model and is very inexpensive for drivers that don't do more than 600 miles per month. I have a base payment of $70/month + $0.11/mile. Also, if you're doing a long road trip they will only charge you up to 150 miles per day. Geico quoted me $130/month With Metro Mile I should be paying $110ish given the amount of miles I drive with a $250/deductible Check it out!
	Appreciate 0 Quote

03-19-2015, 07:39 AM	#235
huatian Second Lieutenant 73 Rep 240 Posts Drives: SS M4 Join Date: Oct 2014 Location: NJ iTrader: (0)	Seems way out of line. but insurance is based on few factors some made up some legit. Best advise is to shop around. All things being equal, $2400 per year extra for the M4 is crazy.
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03-19-2015, 08:07 AM	#236
48Laws Banned 705 Rep 1,908 Posts Drives: '15 F80, '18 991.2 GTS Join Date: Nov 2010 Location: East Coast iTrader: (0)	Geico has a bad habit of discounting heavily initially then eventually creeping up every year. I mean... Every year without explanation.
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03-19-2015, 08:40 AM	#237
CaryTheLabelGuy Colonel 2634 Rep 2,809 Posts Drives: 2016 M4 ZCP Join Date: Mar 2015 Location: Jacksonville, FL iTrader: (0)	My GEICO insurance policy for both the 2015 X3 28d and the M4 is only $155/mth. 100/300 $250 deductible All the bells and whistles.
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03-19-2015, 09:47 AM	#238
MWcoupe 24k GOLD 148 Rep 1,453 Posts Drives: Mineral White M4 Join Date: Jul 2006 Location: BROOKLYN NY iTrader: (0)	Been paying $2600 for my e90 and now the same for m4. Just switched to statefarm 2k a year new york
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03-19-2015, 10:24 AM	#239
X2Board Lieutenant Colonel 444 Rep 1,643 Posts Drives: I'm back, bitches! '13 E92 ZCP Join Date: Feb 2011 Location: Wake Forest, NC iTrader: (1)	I was at $1500 yr. for the X5M and F80. With the X5 M gone, I'm at $736.00 a year for the F80, until I buy a replacement for the X5M and get my multi-car discount back. This is with Erie insurance. __________________ 2013 Jerez Black/Black E92 ZCP DCT - I'm back!! 2014 Guards Red 991 C2S 7MT - Gone. 2015 YMB/SS F80 M3 6sp - Gone 2011 Sapphire Black/Black E70 X5 M - Gone. 2010 Jerez Black/Black E90 M3 DCT -Gone-
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03-19-2015, 05:19 PM	#240
byetter New Member 0 Rep 16 Posts Drives: 2015 M4 Join Date: Mar 2013 Location: Hanover, PA iTrader: (0)	$1,100 Per year here. A $2400 increase is INSANE!!!!
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