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      07-18-2010, 01:30 AM   #45
ilidon
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Hey, thanks for posting this. After reading your post I went Progressive on line and it gave me $388/month for '11 M3

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      07-18-2010, 04:48 AM   #46
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Thats crazy!!! I only pay $130 a month for both my 335 and gf's accent together.
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      07-18-2010, 06:34 AM   #47
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Oh yeah, Geico... I believe the OP.

Geico will NOT save you 15% like the add says, it will overcharge you an arm and a leg over other insurance companies. When I lived in Colorado, I was 35 with an immaculate driving record, and was quoted $4,500/year for a 2003 MINI Cooper S. I ended up paying $750/year through eSurance.
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      07-18-2010, 06:50 AM   #48
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I've got Geico and older than him and mine is $235 full coverage every 6 mos here in VA.
But I have to pay $1500 in yearly car taxes, so it balance out
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      07-18-2010, 10:28 AM   #49
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I'd rather drive a cheap car than paying 10k per year for the insurance... At least not for an M3. Get a used Acura TL or something.
i wudnt either, paying more than 6k is not worth it at all

and i already have a 08 tl-s,and will be selling it soon
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      07-18-2010, 02:24 PM   #50
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How do geico and esurance justify these prices for auto policy for good experienced driver over the age of 30?
Auto insurance is NOT a luxury,- but a vital lifeline for car ownership. What kind of formula have they used to mistakenly profile me as a major liablity driver?

I wonder if this is legal and FTC has to be involved?
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      07-18-2010, 02:56 PM   #51
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I have to be honest. I don't know why people use Geico. Try Ameriprise. It's a former spin-off of American Express. I have been with them for almost 11 years. You will be hard-pressed to find cheaper. USAA if you qualify, but probably not quite as cheap.
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      07-18-2010, 03:03 PM   #52
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^^^^^^

Maybe because every 15 minutes we see Geico commercials on TV saying "call geico, it'll save you 15% or more... bla bla bla..."

Can I be a member of USAA if I never was in US Army?

(reading USAA site right now,- looks very good)
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      07-18-2010, 03:25 PM   #53
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I found that in NYC different companies have wildly different rates. I live in Manhattan and was quoted as high as 6500 a year. Ended up with Travelers at 775 every 6 months. I have a completely clean license and no claims.
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      07-18-2010, 03:30 PM   #54
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I couldnt afford to drive if I lived in new york and it was $5000-10000 a year for insurance.
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      07-18-2010, 06:07 PM   #55
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WOW....that SUCKS

I live in Stockton CA which is typically a top 5 most stolen car town every year....my M3 is the CHEAPEST car to insure I own...I'm a 37 yr old with a clean record....wifes 2010 Acura MDX and 2009 Honda Civic all cost MORE to insure than my M3....right now its $440 every 6 months....
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      07-18-2010, 06:17 PM   #56
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Quote:
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I found that in NYC different companies have wildly different rates. I live in Manhattan and was quoted as high as 6500 a year. Ended up with Travelers at 775 every 6 months. I have a completely clean license and no claims.
Yeah, I made two stupid claims back in '08,- stone chip in windshield and blown tires... What a heavy price to pay for small claims. But I thought that's what Full Coverage is for, isn't it why we pay premium price for full coverage is to cover accidents and incidents?

I am going to try Travelers however. Thanks for posting
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      07-18-2010, 07:20 PM   #57
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i checked esurance aswell and it was 2373,00 a month and then check progressive and it was 762.00 for NYC, not as bad but im gona try progressive again with my dads address in CT and see the diffrence, ill let u guys know how i works out
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      07-18-2010, 08:33 PM   #58
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i read part of your thread, just so you know i had the same thing happen to me. i returned my car at the end of lease and so i went through a 6 month period without a car. Then once i got my car i was told 'a gap' in car insurance of minimum of 6 months resets everything- as in you are evaluated like a new driver. i figure car insurance companies are also feeling the hurt of economy. my year rate with allstate for hudson county was 7k and change. clean hx on the car and motorcycle. i was furious. luckily the agent who take of my folks stuff helped me out with a reasonable quote. its all bs. my credit scores are throough but none of that mattered when it comes to the 6 month rule.
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      07-18-2010, 08:50 PM   #59
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Quote:
Originally Posted by JeremyR View Post
I found that in NYC different companies have wildly different rates. I live in Manhattan and was quoted as high as 6500 a year. Ended up with Travelers at 775 every 6 months. I have a completely clean license and no claims.
Thanks for posting. On your lead I went to Travelers, and got one of the lowest quotes so far $431/m for Brooklyn Zip code... Still much (can lease another bimmer at that price) it is what it is...

Progressive gave the lowest quote so far $388/m
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      07-18-2010, 09:26 PM   #60
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Dima, you can use my zip code in SoCAL j/k j/k.
Well you know, that Gecko needs to get paid somehow.
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      07-18-2010, 09:29 PM   #61
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from now on...everytime I see that geico commercial I feel like
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      07-18-2010, 09:32 PM   #62
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Quote:
Originally Posted by dimabimmer View Post
from now on...everytime I see that geico commercial I feel like
They are my number 1 competitor in the DC area I have the same reaction. I have a lot of clients that switch over from them mostly when they turn 25, buy a house, and basically realize they are adults now.

Joking aside, they have a great business model but it's always smart as a consumer to shop around to find the right company and/or agent.
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      07-18-2010, 10:54 PM   #63
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Hey Dima,

Thanks for your referral to Tenafly, I am now shopping for my insurance as well. I did an online quote last week for e93 and got a quote for 157 a mo... I never had insurance before (used my parents). Im going to call around as well to see if I can get a better rate. I am registering in Queens, but BK and Queens shouldn't be that different. The Geico quote is insane.... I'll let you know if I find something good.
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      07-19-2010, 12:29 AM   #64
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Hey Dima,

Thanks for your referral to Tenafly, I am now shopping for my insurance as well. I did an online quote last week for e93 and got a quote for 157 a mo... I never had insurance before (used my parents). Im going to call around as well to see if I can get a better rate. I am registering in Queens, but BK and Queens shouldn't be that different. The Geico quote is insane.... I'll let you know if I find something good.
the other two would die for that rate, lol
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      07-19-2010, 04:51 AM   #65
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the other two would die for that rate, lol
I would be in heaven with that rate
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      07-19-2010, 06:31 AM   #66
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That sounds extremely high...

I've been getting quotes for mine too when I get back from this deployment. I feel mine is a little high but I am thinking it is because I am in Germany. My quote from USAA isn't too bad. I have to pay $300 a month for my new car and my 2002 Eclipse GT. I'm 26, no accidents, no violations. I think it seems a tad high because it is in Germany where they require some pretty high liability coverage. I got a quote from Progressive for my hometown of Philadelphia for both cars and it is at about $240 a month. I will be registering the cars there in January/December probably, so if USAA isn't any cheaper I will have to switch over.

If this has taught me anything, it's that you have to be picky and shop around. Don't just take the first thing you find.
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