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      02-07-2012, 11:30 AM   #1
Cyclone Chris
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Insurance Cost on M3 in UK?

So I just got off the phone with my insurance company for a quote on a 2012 M3 and they stated it was gonna cost me £1510 per year. Does that sound about right? I\'m only paying £820 on my 6 litre Vaxhuall Monaro. The insurance on an M3 is almost double.
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      02-07-2012, 11:47 AM   #2
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Quote:
Originally Posted by Cyclone Chris View Post
So I just got off the phone with my insurance company for a quote on a 2012 M3 and they stated it was gonna cost me £1510 per year. Does that sound about right? I\'m only paying £820 on my 6 litre Vaxhuall Monaro. The insurance on an M3 is almost double.
it depends on so much more than just the car - age, claims, postcode, mileage, job etc etc
i am 48 and pay 750 with full no claims (no tracker)
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      02-07-2012, 01:29 PM   #3
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Well, I'm 31 without claims, plan on driving 8K miles per year, and work in the military. I doubt that equates to a 1510 / yr policy. Oh well, I may just have to shop around, or I will have to pay to play.
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      02-07-2012, 02:24 PM   #4
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Quote:
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Well, I'm 31 without claims, plan on driving 8K miles per year, and work in the military. I doubt that equates to a 1510 / yr policy. Oh well, I may just have to shop around, or I will have to pay to play.
Admiral always seem to do fairly well in these situations.

Having said that, I've changed to LV as they were quite a bit cheaper and Admiral were not interested in improving their renewal quote by much.
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      02-07-2012, 03:08 PM   #5
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I'm 36 with 5 years no claims bonus and paying £1k.
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      02-07-2012, 05:15 PM   #6
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Hi mate try competition car insurance , there based in Nottingham
only pay 800 fully modified
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      02-07-2012, 05:45 PM   #7
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I'm due April but i paid 2250 last year at 27y/o 08plate with mods, 4 years no claims, self employed.

Hope it's a lot cheaper this time round though.
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      02-08-2012, 03:31 AM   #8
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Quote:
Originally Posted by mph133 View Post
it depends on so much more than just the car - age, claims, postcode, mileage, job etc etc
i am 48 and pay 750 with full no claims (no tracker)
That's high. I'm 50 and pay 480 with Admiral. Full NCD and protected bonus.
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      02-08-2012, 05:08 AM   #9
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I'm due April but i paid 2250 last year at 27y/o 08plate with mods, 4 years no claims, self employed.

Hope it's a lot cheaper this time round though.
ouch!!!!!!
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      02-08-2012, 05:09 AM   #10
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That's high. I'm 50 and pay 480 with Admiral. Full NCD and protected bonus.
I too am with Admiral (multi-car) but postcode, job etc can also affect the cost
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      02-08-2012, 05:16 AM   #11
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I too am with Admiral (multi-car) but postcode, job etc can also affect the cost
Very true.
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      02-08-2012, 07:31 AM   #12
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Quote:
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I'm due April but i paid 2250 last year at 27y/o 08plate with mods, 4 years no claims, self employed.

Hope it's a lot cheaper this time round though.
Oh god thats high, I used to pay that as my premium for my 997S. Since swapping out the M3 dropped to a touch over 1K. My London postcode does my premium no favours though. Who you with?
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      02-08-2012, 07:40 AM   #13
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Yeah Admiral seems the best. I pay £428 with protected (full) no claims, tracker, no accidents. This is on a dual car policy. The other car is my daughter's 1.4 Polo which costs £720. I don't think that is bad for 19 year old with one accident/claim. The key thing is I'm 51 of course - but still think this would be hard to beat.
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      02-08-2012, 09:18 AM   #14
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Try sky insurance. I'm 26 and they insured me for 1,000 with a 450 excess with 5 years NCB.
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      02-08-2012, 10:57 AM   #15
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1100 fully comp 30 with 3 years ncb
tesco
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      02-08-2012, 11:54 AM   #16
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      02-09-2012, 04:00 AM   #17
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Quote:
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ouch!!!!!!
Im defo not looking forward to April to renewal time this is with pace ward but they do offer like for like parts and track day insurance if needed.

Has anyone insured ther mods and still getting cheap qoutes?
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      02-11-2012, 07:27 AM   #18
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where you live has a massive factor, more than any other than NCB, on the price. if you are inside the M25 add a 400quid to baseline purely because the amount of cars stolen in this region is higher than the rest of the country.
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      02-11-2012, 07:35 AM   #19
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I also wonder if the insurance companies would charge a higher premium for LHD US or a German Spec M3.
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      02-11-2012, 07:55 AM   #20
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yes they do any import gets a premium increase
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      02-22-2012, 09:11 AM   #21
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mate 1500 quid a year isnt bad?

It totally depends on how old you are? im 21 mate and im getting quote for 5000 for a m3 so consider yourself lucky.

Its a group 20 car, it has huge emissions, hence the huge tax price. Its a top of the line, expensive to replace/fix car, hence why the price is more than your run around.
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      03-06-2012, 05:04 PM   #22
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guys and gals - you're all doing really well - I'm in north london, 40, 10+ yrs ncb, and just started looking at quotes tonight...first one was 2,381 with compulsory 750 excess, second (BMW) is 1,827 all if paid in full..

currently with admiral on 2 car policy so will see what the renewal comes in at....

am thinking or refinancing my car with oracle car finance - they sent me an email the other day with a free car insurance offer....we will see if this works....

I'd be happy with anything less than a grand for our type of car......
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