Why is insurance so expensive for the M3 - Page 2

kmac1980 · 01-13-2009, 10:03 AM

Quote:

Originally Posted by slammedm3

my insurance actually went down from my 2005 330ci.
I used to pay $2900
the My E93 M3 is $2500

Not bad!

yeah the convertible is really good on insurance, my rates are about the same as my e90 330i...

the e93 is definitely less than the e92 by a lot... i guess they figure, coupe drivers a higher risk driver

shagkie · 01-13-2009, 10:31 AM

Quote:

Originally Posted by kaza

Melloche Monnex $1500/yr $0 Deductible and have 2 cars and home covered with them also.
Seems reasonable to me considering it is covering an $80k vehicle

How old are you and how many years of driving experience if you don't mind me asking. That seems like a pretty darn good rate.

kaza · 01-13-2009, 10:37 AM

Quote:

Originally Posted by shagkie

How old are you and how many years of driving experience if you don't mind me asking. That seems like a pretty darn good rate.

35yo, 19 year clean driving record and claim free (M-AH).

shagkie · 01-13-2009, 11:48 AM

Quote:

Originally Posted by kaza

35yo, 19 year clean driving record and claim free (M-AH).

Hmmmm.....you think maybe 4 doors M3 are cheaper to insure than a coupe? I don't get it, I have clean records and no claims but my premium is higher. I'm getting jibbed

darklord · 01-13-2009, 12:53 PM

I am paying $2100/year ($500 Ded) for my M3 sedan vs $1700 for 335 sedan...I am OK with that delta...I am 36, married and not so clean record

Alex///M · 01-13-2009, 04:48 PM

Wow!!! These are some crazy insurance bill numbers I'm seeing posted. I picked up my E90 at the end of October and replaced 02 my E46 ///M and my insurance bill actually went down.

I was paying a little under $1,100 per year with the E46, and my new price for the E90 is just under $900 for the year. I'm 36, 20 years driving with a (mostly) clean record. I guess the area you live in makes a big difference - hurray east coast!!

darkseid2k · 01-13-2009, 11:37 PM

When I had my Audi S5, I was paying ~$1400/year. I was relatively surprised, my insurance agent stated that since they had no details on the car at that point (March 2008), they're going with an S4 spec. My premiums went up to about $1600/yr when I moved to the E90 M3 late year. So not a major difference.. this is with a $1,000 deductible collision/comprehensive.

All in all, not too bad.. gas costs more quite easily.. that's a cost I can justify.

revmmm · 01-14-2009, 06:39 PM

Quote:

Originally Posted by slammedm3

my insurance actually went down from my 2005 330ci.

My insurance also went down when I traded in my 2002 325 ic. No complaints.

Quote:

Originally Posted by kmac1980

yeah the convertible is really good on insurance, my rates are about the same as my e90 330i...

the e93 is definitely less than the e92 by a lot... i guess they figure, coupe drivers a higher risk driver

I am surprised that the convertible is cheaper, as it is more $$$, less safe for serious accidents, and harder to fix (more mechanical parts). I agree that possible less likely to get into an accident, but I will leave that one for the underwriters.

Quote:

Originally Posted by jaiman

weird. I live downtown as well. I;m moving in a bit over a week to the liberty village area and my insurance is bumping up to 1700, so location inside the city can make a big difference.

Location in the city does make a huge diffence. I had a friend move from Lawrence area to King West (Liberty Village) and his insurance increased $400 on a Mazda 3. I guess that area is too close to Parkdale and King/Dufferin for vandalism and comprehensive rates.

Lagos · 01-14-2009, 11:31 PM

just got an insurance estimate for my upcoming e92 m3 coupe from meloche monnex...

$2250/yr with $1000 colls. and $5000 comprh. deductibles with $2mil liability.

I think this is high but then again I am in downtown TO and 28.

I like their 5 year no depreciation program though...if the car gets written off, they will buy another brand new m3 and give it to me, or so they say.

kmac1980 · 01-15-2009, 09:53 AM

Quote:

Originally Posted by Lagos

just got an insurance estimate for my upcoming e92 m3 coupe from meloche monnex...

$2250/yr with $1000 colls. and $5000 comprh. deductibles with $2mil liability.

I think this is high but then again I am in downtown TO and 28.

I like their 5 year no depreciation program though...if the car gets written off, they will buy another brand new m3 and give it to me, or so they say.

Thats not too bad... similar to the quote I got from Meloche and im also 28/downtown....the e93 ended up cheaper though

01-13-2009, 04:48 PM	#28
Alex///M E90 - the Ultimate family hauler Drives: 2008 E90 ///M3 Join Date: Dec 2008 Location: Halifax Posts: 472 iTrader: (10)	Wow!!! These are some crazy insurance bill numbers I'm seeing posted. I picked up my E90 at the end of October and replaced 02 my E46 ///M and my insurance bill actually went down. I was paying a little under $1,100 per year with the E46, and my new price for the E90 is just under $900 for the year. I'm 36, 20 years driving with a (mostly) clean record. I guess the area you live in makes a big difference - hurray east coast!! __________________ 2008 AW E90 M3 - current 2002 TIAG E46 M3 - gone 1991 DiamondSchwartz E30 M3 - gone but not forgotten

01-13-2009, 11:37 PM	#29
darkseid2k Private First Class Drives: '10 E71, '11 E92 Join Date: Dec 2008 Location: Toronto, ON Posts: 147 iTrader: (0) Garage List 2008 E90 M3 [0.00]	M3 vs S5 When I had my Audi S5, I was paying ~$1400/year. I was relatively surprised, my insurance agent stated that since they had no details on the car at that point (March 2008), they're going with an S4 spec. My premiums went up to about $1600/yr when I moved to the E90 M3 late year. So not a major difference.. this is with a $1,000 deductible collision/comprehensive. All in all, not too bad.. gas costs more quite easily.. that's a cost I can justify.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

01-13-2009, 12:53 PM	#27
darklord Ruler of the Universe Drives: 11 Silver Merc E63 (W212) Join Date: Sep 2007 Location: GTA-ish Posts: 399 iTrader: (0)	I am paying $2100/year ($500 Ded) for my M3 sedan vs $1700 for 335 sedan...I am OK with that delta...I am 36, married and not so clean record

01-14-2009, 11:31 PM	#31
Lagos Enlisted Member Drives: 08/E92/M3/SSII Join Date: Jan 2009 Location: Toronto Posts: 44 iTrader: (0)	just got an insurance estimate for my upcoming e92 m3 coupe from meloche monnex... $2250/yr with $1000 colls. and $5000 comprh. deductibles with $2mil liability. I think this is high but then again I am in downtown TO and 28. I like their 5 year no depreciation program though...if the car gets written off, they will buy another brand new m3 and give it to me, or so they say.