I'm also paying about $1200 a year. Less per month than on my E36 M3. Be sure to tell your company about BMW assist. It can track the car if it's stolen, it gave me a 25% discount on comprehensive.
Get a professional motorsports full featured stopwatch app for your Blackberry here: http://appworld.blackberry.com/webstore/content/19464
Invest Wisely...The best mod for your money?? BMWCCA high performance driver's school. The mod that lasts a lifetime and improves the performance of any car you drive