How much do you pay for your E92 M3's insurance?

[davem3fan]

39 yrs old
Liberty Mutual
Suburb outside of Philly

2011 E90 M3 is $449/yr (with multi-car/household policies)
37.41 Per Month just for this car.

250 Deductible Comprehensive
500 Deductible Collision
Normal Limits of Liability

Other data:
- Clean driving record
- Had one expensive (not at fault) comprehensive claim
- Excellent service on my claim, highly recommended
- BMW Club Promotional discount offer was the cause for change

YMMV

[CrusherM3]

44 yrs old
Progressive
Houston

2012 E92 M3 is 202.30/mo

300k CSL
Loan/Lease Payoff
500 ded. for comp/coll
$30/day rental

I noticed that no one has Combined Single Limit. Is there a reason for that? Any advice would be appreciated.

I was curious and checked what 100/300/100 would do for my cost and it only saved me $2 a month.

[BeamingE39]

Originally Posted by Endless619

Over 30 with multicar discount and other discounts. I pay $65 a month for full coverage plus rental car. 20 year olds will pay 3 times that.

M3 $65 a month
X5 $64 a month

Update: I just looked at my bill and its $127 a month for both cars for full coverage and midsize rental car with a $500 deductable. Probably be in the $50s with $1000 deductable but IMO thats way to much.

So thats: $64 for M3 and $63 for X5.

The fact that you pay the same for the X5 and M3 is very surprising. I would think the M3 would be significantly more expensive since its a sports car whereas the X5 is more of a family-oriented car.

[arter]

Old dude with multi-car discount and no claims in 30 years - $50/month.

[Titanium Silver]

I have a decent driving record and used to pay $1922 for 6 months ($320/month) through Geico. I am in my late 20s and thought that this was ridiculous after reading this thread. I got pissed after reading what everyone else was paying. I even called State Farm, Alstate, Progressive, etc. All around the same price. I don't have any crazy tickets or anything. I had a 2 point failure to signal about 2 years ago and a 2 point speeding ticket about 3 years ago (5-9mph over the limit).

I have full coverage with the highest limits ($300k/$500k) and a $1000 deductible (I know... pretty high).

Anyways, I called my carrier about a month and a half ago, I told them I wanted another quote. Now I pay $900 for 6 months ($150/mo) AND I added my wife's brand new 328i to the policy. Crazy. So I was paying around $2000 just for my M3, now I pay $900 for the M3 and the 328. Same coverage. This is an average of $75/mo although I'm sure mine is higher than my wife's 328. I haven't checked the breakdown, but I assume it's around $100 for me and $50 for her.

I couldn't believe it. I started wondering if I should have called for a new quote much earlier.

[RBB]

The insurance on an M3 is really no different than a regular 3 series....we're not driving some exotic sports car here. I'm 33 and pay $69 a month with State Farm.

[UCBPhD]

42, SF Bay Area, State Farm, good driving record, full coverage, $500/6 months

[TVMA Doc]

If insurance cost is an issue, you might even look into an e90. There's not much difference in performance, but some insurance companies think that the extra two doors turn it into a Volvo estate. The rates are often significantly different from the coupe.

[M3]

Anyone with Grundy? My friend pays about $300-400 a year for his SL55 AMG with no mileage limit or deductables(if I remember correctly). Just not drive the car to work.

[Endless619]

Ok so I just got in the mail my breakdown for my cars.

So I pay $340 every 6 months for full coverage including a rental car on my E92 M3.

My 2009 E70 X5 is $400 every 6 months. So a middle of the line X5 costs more to insure than an M.

Interesting.

[Endless619]

Originally Posted by NAForever

The fact that you pay the same for the X5 and M3 is very surprising. I would think the M3 would be significantly more expensive since its a sports car whereas the X5 is more of a family-oriented car.

Whats weird is I pay more for a cheaper costing X5. I just got my breakdown update in the mail this afternoon. So it does cost me more for the middle trim X5 every 6 months VS the M3.

[///Mperative]

Originally Posted by Endless619

Whats weird is I pay more for a cheaper costing X5. I just got my breakdown update in the mail this afternoon. So it does cost me more for the middle trim X5 every 6 months VS the M3.

The cost of the vehicle is only one factor used to determine pricing. The type of vehicle is more important. SUV's are always more expensive to insure than cars because they typically sustain greater damage in accidents (i.e. rollovers) and cause considerably more damage to others in accidents (due to their size and mass).

[///Mperative]

Originally Posted by M3

Anyone with Grundy? My friend pays about $300-400 a year for his SL55 AMG with no mileage limit or deductables(if I remember correctly). Just not drive the car to work.

Probably has it insured as a classic car with Hagerty. Their rates are very low, but they will not insure a DD. It must be a pleasure use only car and you need to show them you have a DD insured with another company. The DD needs to be credible, not a beater. In other words, if you have a 1995 Honda Civic as a DD and an Aston Martin as a weekend car, they won't take you because they won't believe you'd ever actually drive the Honda.

[dafros]

3% vehicle value annually - full insurance with all options

[Endless619]

Originally Posted by ///Mperative

The cost of the vehicle is only one factor used to determine pricing. The type of vehicle is more important. SUV's are always more expensive to insure than cars because they typically sustain greater damage in accidents (i.e. rollovers) and cause considerably more damage to others in accidents (due to their size and mass).

Didnt know that but I also have aftermarket insurance on the M3 through the same company and its still cheaper to insure the X5. Thanks for the info.

Also living on the East Coast its gone way down. lol Cheaper to insure here.

[p-streets]

I pay 160 mnth two cars e92 and a Honda pilot the wifes suv

[Endless619]

Originally Posted by p-streets

I pay 160 mnth two cars e92 and a Honda pilot the wifes suv

A little high. You should be right around $100 for both.

[///Mperative]

Originally Posted by Endless619

Also living on the East Coast its gone way down. lol Cheaper to insure here.

Not sure where you live on the East Coast, but we have some of the most expensive insurance markets in the country here (Boston, NYC, Philly, Baltimore, Miami, DC, Rhode Island).

[p-streets]

Originally Posted by Endless619

A little high. You should be right around $100 for both.

Yea but that's with all my other stuff like renters insur and a few speeding tickets oops lol

[anacondatp]

socal and im paying 200/month for 3 cars m3, hyundai accent (my daily), honda civic (wife)

[Endless619]

Originally Posted by ///Mperative

Not sure where you live on the East Coast, but we have some of the most expensive insurance markets in the country here (Boston, NYC, Philly, Baltimore, Miami, DC, Rhode Island).

I live in BFE Maine and my insurance went down. I have lived in Oakland and SF and Hawaii and trust me the East Coast pales in comparison with their rates. You guys have good things and bad things. lol

I am not complaining. My insurance for both my BMWs went down $50 a month.

[m3an]

Originally Posted by Endless619

I live in BFE Maine and my insurance went down. I have lived in Oakland and SF and Hawaii and trust me the East Coast pales in comparison with their rates. You guys have good things and bad things. lol

I am not complaining. My insurance for both my BMWs went down $50 a month.

not entirely true as NY is one of the highest places for insurance as well as South FL.

This entire thread is really just for illustrative entertainment as what other people pay contains soooo many variables that make up the policy premium. Insurance can vary very much from zip code to zip code as well as garage locations, age, car etc. In ME insurance is def a lot cheaper than CA