BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
ESS Tuning
Post Reply
 
Thread Tools Search this Thread
      07-17-2010, 02:00 PM   #1
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

WOW $1131/month Geico policy on '11 M3 !!!

I don't know what else to say,- it is simply a rip off

For a man of almost 40 years old, with a very clean license no prior accidents in past and no traffic violations,- Gieco wants $6760 every 6 months or $1,131/month to insure '11 M3 that I have on order.
I've had policy with Geico before for my '07 335i and I paid for that policy about $230/month for 3 years and was done with more than 6 months ago. Geico rep said my new policy is affected negatively since I have not had auto policy for more than 6 months... Even the Geico rep thought the rate Geico gave me was outrageous and suggested to obtain policy with other providers.

What gives?

Any suggestions for other auto insurance companies?


In response to all the good advices from M3 posters, here is-

UPDATE:

In 3 years of having policy with Geico for my leased '07 335i @ $230/m - I had 2 (two) incidents not of my fault:

1) Stone chip windshield,- Claimed Geico Auto Glass Repair, had Geico replace windshield.
2) Two front tires destroyed due to running over a "Street Cut" with no posted signs of construction etc,.- Claimed Geico full coverage to get tires replaced,- Geico paid $180 for 2 (two) front POTENZA RFT!!! LOL (they only paid $180!) I ended up buying 2 Potenza's for $800...

Another update:

Spoke to friend of mine,- she is an insurance biller, knows it all in and out. I told her my Geico story, and she was not even surprized. She said she also had Geico, and while being insured she made ONE CLAIM. When she wanted to renew her Geico policy,- she was simply denied. Not like myself, being offered astronomical policy $1131/m which would most definitely make me go else where, but... she was denied for making a claim. I also made 2 claims with Geico while being insured. One claim I made, was Stone Chip in Windshield and the Other claim I made was for the blown front tires.

You see, - Geico wants you to pay for policy, but if you even remotely think of making claims,- they do not want you. And that is the reason I got offered $1131/m for policy.
Now we know,- Geico only works one way, like a money machine... money goes in, does not go out.

Seeing Geico gekko and cave man commercials makes me

THE LATEST UPDATE:

PROGRESSIVE QUOTE- $322/month !!!

PROGRESSIVE FTW
Attached Images
  
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151

Last edited by dimabimmer; 07-20-2010 at 05:08 PM.
Appreciate 0
      07-17-2010, 02:03 PM   #2
DadzM4
Lieutenant
DadzM4's Avatar
6
Rep
518
Posts

Drives: M4
Join Date: Jun 2010
Location: Florida

iTrader: (2)

That is INSANE! I know insurance is more expensive in NYC, but that is just not right. I pay under $1k/year for full coverage with a $500 deductible living in Florida, 37 years old. I would shop around for sure.
__________________
AW M4 | Black Full Merino Leather | Driver Assistance Package | Lighting Package | HK Sound | Concierge Services | Enhanced BT | 6 MT
Appreciate 0
      07-17-2010, 02:05 PM   #3
DiRTyDeLuX
Private First Class
DiRTyDeLuX's Avatar
United_States
1
Rep
130
Posts

Drives: 2011 AW E92 M3 ZCP ZCV ZP2
Join Date: Jun 2010
Location: NYC

iTrader: (0)

Daaaamn! I'll be in midtown as of this fall. Should I expect these crappy rates? I have USAA... I'm gonna call them to see what's up.
Appreciate 0
      07-17-2010, 02:05 PM   #4
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

... it is not right for sure... has to be some kind of mistake... Gieco is too big and mistakes happen often.
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 02:38 PM   #5
outie
Lieutenant
5
Rep
519
Posts

Drives: 2011 M3 ZCP
Join Date: Feb 2009
Location: CA

iTrader: (0)

Quote:
Originally Posted by DiRTyDeLuX View Post
Daaaamn! I'll be in midtown as of this fall. Should I expect these crappy rates? I have USAA... I'm gonna call them to see what's up.
That depends where you are and how many years/cars you have been with your provider. Everyone's situation is different and if you live in a different state it's comparing apple to orange.
Appreciate 0
      07-17-2010, 02:41 PM   #6
Krozi
Colonel
Krozi's Avatar
United_States
52
Rep
2,718
Posts

Drives: 2008 E92 ///M3 Alpine White
Join Date: Oct 2009
Location: SoFla - Bonita Springs

iTrader: (22)

Geico is the biggest fail ever.
__________________

2008 E92 ///M3 Alpine White//Fox Red//6MT//
Florida Bimmer - Join us on FaceBook!
Appreciate 0
      07-17-2010, 03:52 PM   #7
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

Quote:
Originally Posted by Krozi View Post
Geico is the biggest fail ever.
True!
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 04:00 PM   #8
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

$1131 a month for an auto policy for an experienced driver with good driving record for $65k car? .... it adds up to $13,572 a year! one has to be a sick road killer to be getting policy offers like that!

You have a flawless policy with them for 3 years, and this is what you get at the end... $13k a year policy! for your next car...

rant to be continued...
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 04:06 PM   #9
positiveions
Lieutenant General
positiveions's Avatar
Lebanon
127
Rep
10,574
Posts

Drives: 09 MKV JETTA 2.5 & E90 M3 :)
Join Date: Sep 2007
Location: La Verne, CA

iTrader: (1)

Send a message via MSN to positiveions Send a message via Yahoo to positiveions
do you Allstate in NY? I have wawanesa, but they are only in Oregon and Calif. Wawanesa is very affordable.
Appreciate 0
      07-17-2010, 04:13 PM   #10
Leozap
Captain
United_States
19
Rep
953
Posts

Drives: AW E90 M3
Join Date: Oct 2009
Location: NY

iTrader: (5)

Insurance companies do get you if you didn't have insurance for the past 6 months. Didn't you get a quote before ordering your car? I have Geico for a few years and I pay only $800 for 6 month and I am nowhere near your age.

You didn't drive for the past 6 months? You in the army?
__________________
11 335is, KW1, M3 bits and what not
08 M3 Sedan 6mt, loaded, modded to the bone
Old: 04 M3 SMG
Appreciate 0
      07-17-2010, 04:19 PM   #11
Krozi
Colonel
Krozi's Avatar
United_States
52
Rep
2,718
Posts

Drives: 2008 E92 ///M3 Alpine White
Join Date: Oct 2009
Location: SoFla - Bonita Springs

iTrader: (22)

I have Travelers...which is pretty good...
__________________

2008 E92 ///M3 Alpine White//Fox Red//6MT//
Florida Bimmer - Join us on FaceBook!
Appreciate 0
      07-17-2010, 04:22 PM   #12
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

^^^^

No I was not in the Army, but didn't drive for 6 months simply because I did not need a car.

I just contacted eSurance and got same quote as Geico $1130 - $1350 a month for '11 M3.... So, just to get the feel for it ( I thought maybe M3 is pricy to get insured ) I also ran a quote for '09 335i and got the same quote $1130/month as for '11 M3... some kind of conspiracy against me or something... Maybe they confuse me with someone else? I have never heard people pay so much for their car insurance... something got to be upside down!
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 04:28 PM   #13
301Bimmer9
It's Playtime
United_States
2
Rep
188
Posts

Drives: 2011 E92 M3
Join Date: May 2010
Location: MOCO, MD

iTrader: (0)

I'm in the insurance industry and if you are getting those high rates and your record is clear then it must be your credit, zip code, and definately the fact you did not have insurance for 6 months. Also education level and whether you own or rent will be factors. Try raising your deductibles too if you haven't been in an accident.

Man if I sold more policies like yours I would not be in a M3...I would have a Ferrari
__________________
2011 E92 M3 AW/Fox Red ZCP
Appreciate 0
      07-17-2010, 04:38 PM   #14
Kyoshi71
Colonel
Kyoshi71's Avatar
39
Rep
2,525
Posts

Drives: 2010 M3 Coupe
Join Date: Jul 2006
Location: New York

iTrader: (0)

Quote:
Originally Posted by dimabimmer View Post
I don't know what else to say,- it is simply a rip off

For a man of almost 40 years old, with a very clean license no prior accidents in past and no traffic violations,- Gieco wants $6760 every 6 months or $1,131/month to insure '11 M3 that I have on order.
I've had policy with Geico before for my '07 335i and I paid for that policy about $230/month for 3 years and was done with more than 6 months ago. Geico rep said my new policy is affected negatively since I have not had auto policy for more than 6 months... Even the Geico rep thought the rate Geico gave me was outrageous and suggested to obtain policy with other providers.

What gives?

Any suggestions for other auto insurance companies?
Gotta be a mistake. Call back and speak to another rep.
Appreciate 0
      07-17-2010, 05:18 PM   #15
trendy26
First Lieutenant
14
Rep
371
Posts

Drives: 2013 E92 M3
Join Date: Nov 2008
Location: Florida

iTrader: (0)

Damnnnn, my quote with Geico for an '11 M3 was $900/6 months with Full coverage, $250 deductibles. I'm 29 BTW...
Appreciate 0
      07-17-2010, 05:22 PM   #16
kaykay
Lieutenant Colonel
kaykay's Avatar
United_States
38
Rep
1,770
Posts

Drives: 2011 E92 M3 ZCP
Join Date: Apr 2010
Location: SoCal

iTrader: (0)

Garage List
You have to be kidding me with that monthly quote?

My buddy's son who is 21 with 1 point on his record pays around $350 / month for his M3 insurance...
__________________
'12 CLS550 Palladium Silver - loaded
'11 E92 M3 ZCP - SG/B-EXT/CF, M-DCT, loaded
'11 E93 328i, BSM over Saddle Brown, sport, loaded
'08 550i M-Sport, Carbon Black (Gone but not forgotten), '06 W211 E55 AMG (Gone, miss this animal),'01 E39 540i Sport
Appreciate 0
      07-17-2010, 05:47 PM   #17
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

Quote:
Originally Posted by Kyoshi71 View Post
Gotta be a mistake. Call back and speak to another rep.
Good advice...
You are right.
I just called them again and asked for another, better rep... made huge difference!
Instead of $1131/m I got it down to $877/m all because this rep knew what he was doing.
Main reason my quotes are so high is ZIP code,- Brooklyn has highest rates in country. (I did not even know this before...)
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 05:55 PM   #18
dimabimmer
Lieutenant Colonel
dimabimmer's Avatar
United_States
46
Rep
1,763
Posts

Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

iTrader: (0)

Quote:
Originally Posted by 301Bimmer9 View Post
I'm in the insurance industry and if you are getting those high rates and your record is clear then it must be your credit, zip code, and definately the fact you did not have insurance for 6 months. Also education level and whether you own or rent will be factors. Try raising your deductibles too if you haven't been in an accident.

Man if I sold more policies like yours I would not be in a M3...I would have a Ferrari
You are absolutely correct!
I just called Geico again, asked for another rep and was told this,- "Brooklyn NY has the highest auto policy rates in Country. Lately there have been more than usual auto thefts, vandalism, collision etc,..thats why the rates went up).
This other rep seemed he knew what he was doing so he adjusted policy accordingly,- stripped everything he could, and the quote became $877/m instead of $1131/m... However, he said if I open policy for my other address in Manhattan NYC, which I have that address and able to register my M3 there... even though it is only 3 miles away from Brooklyn, policy price goes way down from $877/m (brooklyn) to $589/m (Manhattan NYC) WOW.
Unbelievable,- 3 miles make such huge difference.

I hate Brooklyn going to register in Manhattan
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
Appreciate 0
      07-17-2010, 06:08 PM   #19
A_FIVE-O
Poor Man's M3
A_FIVE-O's Avatar
United_States
2
Rep
51
Posts

Drives: E90 M3
Join Date: Jul 2010
Location: Texas

iTrader: (4)

Dude, $877 a month for a 40 year old Man with a clean driving record???????????????????????????????????????????? ?????????
I was tripping out about paying $135 a month in Texas on a 2008 Corvette. I am 32 and have USAA. Note to self, never move to NYC.
Appreciate 0
      07-17-2010, 06:12 PM   #20
AMPowerJ
One mod leads to another ...
AMPowerJ's Avatar
United_States
171
Rep
2,809
Posts

Drives: 2015 F80 M3
Join Date: Apr 2008
Location: Blythewood, SC

iTrader: (9)

I can't believe those are real prices.
__________________

Current: 2015 F80 M3 (SS, Full Black Interior, 6MT) - Mods:KW Clubsport Coilovers, M Perf Exhaust, BC Forged RS41s (19x9.5/19x11), IND Cosmetic Package
Previous: 2013 E92 M3, 2013 F10 M5, 2009 E90 M3, 1998 E36 M3
Appreciate 0
      07-17-2010, 06:20 PM   #21
schnell325
Bored at work....
schnell325's Avatar
Canada
87
Rep
4,021
Posts

Drives: '08 M3, '15 F80 M3 soon!
Join Date: Aug 2007
Location: BC

iTrader: (5)

They must go thru a lot of lizards......
__________________
'08 M3: AA G2L3, Catless X-Pipe & Sig Series Rear. AP rods. TC Kline EDC Coil Overs. MRF Alum Sub Frame Bushings. TMS Delrin Diff'l Bushings. BFI Motor Mounts. Recaro PP. BMW Perf Steering Wheel. P3 Gauge. PS Overflow Kit. APEX ARC-8 18"x9.5"/10.5". Conti Slicks 275/35F 305/30R. Stoptech Pads/SS Lines. Cantrell Brake Ducts.
http://5252motorsports.blogspot.ca/2...3-sleeper.html
Appreciate 0
      07-17-2010, 06:33 PM   #22
Finnegan
Major General
Finnegan's Avatar
United_States
96
Rep
6,786
Posts

Drives: Sapphire Black/Black Z4Mc
Join Date: Oct 2008
Location: At the track..or wishing I were at the track

iTrader: (21)

Quote:
Originally Posted by dimabimmer View Post
I don't know what else to say,- it is simply a rip off

For a man of almost 40 years old, with a very clean license no prior accidents in past and no traffic violations,- Gieco wants $6760 every 6 months or $1,131/month to insure '11 M3 that I have on order.
I've had policy with Geico before for my '07 335i and I paid for that policy about $230/month for 3 years and was done with more than 6 months ago. Geico rep said my new policy is affected negatively since I have not had auto policy for more than 6 months... Even the Geico rep thought the rate Geico gave me was outrageous and suggested to obtain policy with other providers.

What gives?
Maybe they have a caveman doing the math on rates....

That's just unbelievable and obscene. If you were 16 years old, with tickets, and an accident, then yeah, it would make sense. But given your record? Wow. Time to shop around.

Quote:
Originally Posted by A_FIVE-O View Post
Dude, $877 a month for a 40 year old Man with a clean driving record???????????????????????????????????????????? ?????????
I was tripping out about paying $135 a month in Texas on a 2008 Corvette. I am 32 and have USAA. Note to self, never move to NYC.
Well it is USAA, and nobody beats them on rates. But still, Geico, that has to be a joke or the caveman at work.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 06:33 PM.




m3post
m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST