|
|
09-27-2012, 12:30 PM | #1 |
Captain
69
Rep 957
Posts |
M3 is cheap to insure, apparently
Just got a 2011 Sonata added on my policy, and guess what - insurance premiums on it are over $1K/year higher than on my M3. The rep said that M3 has very low loss ratio, and Sonata has somewhat above-average ratio. Anyway, the culprit seems to the Accident Benefits portion of the insurance - it's 4x on Sonata then on M3. Something to take into account when picking cars.
BTW, is there a chance that all this is BS, and I'm just being taken advantage of? |
09-27-2012, 02:17 PM | #2 |
Private First Class
45
Rep 180
Posts |
different companies offer different rates on different vehicles. You won't be able to confirm this until you have shopped around.
My insurance is $1K more on my M3 than on my previous S2000. |
Appreciate
0
|
09-27-2012, 04:13 PM | #3 |
Banned
135
Rep 3,293
Posts |
Wouldn't doubt it at all. My folks pay more for their X5 and E550. I'm 26 years younger than my mum, 28 younger than my dad. The reason being we only have 3 years no claims in Canada (from the UK originally). Gives you a good idea though about how cars differ.
|
Appreciate
0
|
09-28-2012, 09:11 AM | #5 |
Lieutenant
30
Rep 521
Posts |
yeah, we probably pay a lot less for uninsured motorist coverage...
I was also surprised how cheap the M3 is to insure, doesn't make sense that a sonata would be that much more though. I came from a Nissan Maxima, which was about $100 less/year than my M3. I'd get a second opinion if I was you. |
Appreciate
0
|
09-28-2012, 09:40 AM | #6 |
Captain
70
Rep 753
Posts |
whenever my car comes in I will be paying 126 a month full covg 1000 deductibles 100/300k , no limitation on lawsuits , 25 yrs old , 0 tickets , 0 points, 0 incidents, knock on wood
|
Appreciate
0
|
09-28-2012, 01:57 PM | #7 |
Captain
69
Rep 957
Posts |
Are you in Ontario, Canada? If not, it's not comparable - we have mafia-style insurance industry here. I used to pay about $65/month on a brand new 335xi in USA...
|
Appreciate
0
|
09-28-2012, 04:16 PM | #8 |
Captain
70
Rep 753
Posts |
|
Appreciate
0
|
09-29-2012, 01:18 PM | #9 |
First Lieutenant
30
Rep 375
Posts |
I think I started a thread on this topic last year. I pay about $115 and My M3 is only 10 bucks more per month compare to the Subaru Legacy.
|
Appreciate
0
|
09-29-2012, 11:53 PM | #10 |
Second Lieutenant
19
Rep 293
Posts |
I found my m3's insurance to be low (2k a year) until I got a quote of 1400 a year for a Porsche turbo (997).
__________________
Endless | Kreissieg | KW | Akrapovic
Last edited by kasimmmmm; 09-30-2012 at 12:45 AM.. |
Appreciate
0
|
09-30-2012, 10:23 AM | #11 |
Captain
69
Rep 957
Posts |
Please post or PM me the name of your insurance company and your broker if you used one. I pay about a third more for M3 and almost twice as much for Sonata, and I have no accidents or tickets ever...
|
Appreciate
0
|
09-30-2012, 11:00 AM | #12 |
Dolphin 38
40
Rep 817
Posts |
In BC with a 40% discount (Public) I'm still paying $2400/year. That's FULL insurance with full value replacement.
No at fault accidents and a rather sweaky clean driving record (lots of parking tickets and a couple speeding tickets over last 12 years) That's $400 more than I was paying in Halifax. I also received a quote for an f30 335i and it was $2500/year.
__________________
13' e92 M3 Frozen DARK Blue - Current
02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. |
Appreciate
0
|
09-30-2012, 11:55 AM | #13 |
Captain
96
Rep 825
Posts |
My M3 cost $1 less a month than my Lexus LX570. I was shocked as I was expecting it to be so much more.
__________________
Black Novillo Extended Leather, Convenience Package, Premium Package 2, DCT, DDC, BMW Apps, Custom Stereo upgrade, Eisenmann Sport Black Series Exhaust, 20"HRE's P45SC's. Color matched Brembo 380/345's, KW Coilovers |
Appreciate
0
|
10-02-2012, 08:52 AM | #14 | |
Correcto///Man
3
Rep 51
Posts |
Quote:
We get raped around the GTA. My 2011 Lexus IS250 was more expensive than the M3 Coupe. Also, E92 < E90 by about $300/yr with my company.
__________________
|
|
Appreciate
0
|
10-09-2012, 12:45 PM | #15 |
Captain
64
Rep 800
Posts |
My M3 is by far the cheapest to insure among all the other cars I had, including my current "other car", an A3
Some of my previous rides include: Jetta, GTI, A4, Accord, 335i.... Etc ANSI am in Ontario
__________________
2022 Lexus LC500
2021 BMW M3 6MT 2020 Porsche 911 C4S Cab PDK 2018 Audi R8 V10 RWS RTronic 2017 Porsche 911 C4 Cab 7MT 2009 BMW E93 M3 6MT 2008 BMW E90 335i 2004 Audi A4 1.8t 6MT 2001 VW GTI 1.8T |
Appreciate
0
|
10-09-2012, 05:21 PM | #16 |
Colonel
86
Rep 2,266
Posts |
Toronto's Area codes for insurance is ridiculous...my m3's insurance would have dropped $1,000/year if I moved across the street.
__________________
Cheers
Ben |
Appreciate
0
|
10-12-2012, 04:19 PM | #17 | |
Lieutenant
21
Rep 469
Posts |
Quote:
However, I was pleasantly suprised to see how low a car like the m3 costs to insure. Shop around a bit, I'm 21 male, with 1 ticket & 1 accident and am paying 2.6k a year. With TD Moneche Monex, they had the lowest rates for those who are wondering. Of course we still get raped compared to other provinces/countries, maybe I'll move to oakville, they get good rates?
__________________
E92 ///M3 in Dakar Yellow, M-DCT, iDrive, 220M OEM rims, Active Autowerke Green filter, Turner Motorsport test pipes, BPM stage 2 tune, Stoptech ST-40 F+R in yellow.
|
|
Appreciate
0
|
10-17-2012, 04:25 PM | #18 |
Grease Monkey
292
Rep 2,646
Posts
Drives: 2011 E90 M3,1994 Euro E36 M3/4
Join Date: Apr 2006
Location: Fort McMurray, Alberta, Canada
|
My insurance is less for my M3 than my 2008 Toyota Tundra!
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|