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      03-23-2012, 12:41 PM   #1
Cali01
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How much are you young guys(16-26) paying for insurance on your M3?

Just want you guys to state the following information, so I can have an idea what mine will cost...
Age: 16-26
Year/Type: 2008-2012/E90, E92, E93
City Size: Big, Average, or Small
Insurance Company
Insurance policy with or with out parents
Total cost per year
***No Personal Information Needed***
Thanks in Advance
-Cali01
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      03-23-2012, 01:35 PM   #2
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I guess no one owns a M3 that is the age of 16-26?
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      03-23-2012, 01:50 PM   #3
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This has been discussed many many times...but ill play

Age: 26
2011 e92 m3
Miami...big city with crappy drivers
Progressive Full Coverage alone...no parents or other drivers
100/300/150
About 2600 yr
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      03-23-2012, 02:06 PM   #4
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Funny enough I searched, couldn't find it here are the results...
http://www.m3post.com/forums/search....rchid=21244433
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      03-23-2012, 03:30 PM   #5
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Age: 21
Year/Type: 2011 e92
City Size: Small
Geico
With parents
~$1600/year
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      03-23-2012, 03:36 PM   #6
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Too much.

Not to mention a previous DUI and the age factor. Bad mix.
(and no there was no drunk driving in the M).
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      03-23-2012, 04:15 PM   #7
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Quote:
Originally Posted by atruelunatic View Post
Age: 21
Year/Type: 2011 e92
City Size: Small
Geico
With parents
~$1600/year
$1600 a year isn't that bad, considering the assessed value(over $65k), and you bought brand new I'm guessing. If you don't mind me asking did you put it down as your DD?
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      03-23-2012, 04:22 PM   #8
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Age: getting to mid 20s
Year/Type: 2011 e93 M3 $83k MSRP
City Size: LA, big
Insurance Company Wawanesa
Insurance policy with or with out parents: over 10 people cars and multiple drivers
Total cost per year: $1400
full coverage
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      03-23-2012, 05:13 PM   #9
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2008 E92
Orange County
Geico
Full coverage, no parents, 50/100, $500 ded
$150 per month (2 car policy, '84 325e liability only)
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      03-23-2012, 05:17 PM   #10
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the insurance is toooooo damn high.
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      03-23-2012, 06:11 PM   #11
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2012 e92 dct
Charlottesville(medium)
On my own policy
$170/month
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      03-23-2012, 06:41 PM   #12
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How bad would insurance be, lets say for a 17.5 year old driving an 2009 BMW M3 E90, assessed value of $45,000, in a small town as a DD, on their parents policy(have clean records).
That is totally not the scenario I'm facing
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      03-23-2012, 08:20 PM   #13
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Quote:
Originally Posted by Cali01 View Post
How bad would insurance be, lets say for a 17.5 year old driving an 2009 BMW M3 E90, assessed value of $45,000, in a small town as a DD, on their parents policy(have clean records).
That is totally not the scenario I'm facing
Based on all the recent "I wrecked my M3" threads written by young, inexperienced drivers, the premium should be $100k a year to discourage parents from being so oblivious and/or irresponsible in allowing their kids to have such a car. You spend 17 years raising your child, nurturing them, educating them, trying to keep them away from unnecessary harm, and then you give them the keys to a 420hp weapon? Funny way of showing love.
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      03-23-2012, 08:52 PM   #14
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Quote:
Originally Posted by paradocs98 View Post
Based on all the recent "I wrecked my M3" threads written by young, inexperienced drivers, the premium should be $100k a year to discourage parents from being so oblivious and/or irresponsible in allowing their kids to have such a car. You spend 17 years raising your child, nurturing them, educating them, trying to keep them away from unnecessary harm, and then you give them the keys to a 420hp weapon? Funny way of showing love.
come on man.... im 19 and ever since i was 16 with my permit iv been drving my dads cars... m6 m3.. and yeah i may speed alittle from time to time but it doesnt matter what car the kid has, i see kids with vdubs and they do stupid shit all the time. If he kids smart the kids smart, doesn't matter if you give him the keys to a 150hp car or a 600hp machine.
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      03-23-2012, 08:58 PM   #15
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2010 BMW M3  [0.00]
2009 BMW/M3  [5.00]
Age: 21
E92 M3
non US citizen (my own policy)
full premium coverage
270 per month
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Last edited by Mike Lu; 03-23-2012 at 10:02 PM.
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      03-23-2012, 09:01 PM   #16
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Quote:
Originally Posted by paradocs98 View Post
Based on all the recent "I wrecked my M3" threads written by young, inexperienced drivers, the premium should be $100k a year to discourage parents from being so oblivious and/or irresponsible in allowing their kids to have such a car. You spend 17 years raising your child, nurturing them, educating them, trying to keep them away from unnecessary harm, and then you give them the keys to a 420hp weapon? Funny way of showing love.
Completely agreed. There's a reason insurance rates drop when you hit 26.
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      03-23-2012, 09:07 PM   #17
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Quote:
Originally Posted by Cali01 View Post
I guess no one owns a M3 that is the age of 16-26?
i believe most of them own an m3 in the age of 16-26
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      03-23-2012, 09:52 PM   #18
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I don't think anyone at the age of 16 and driving an M3 is paying for their own Insurance(or the car for that matter). I think this thread title should be How much is your dad paying for your M3's insurance?

Last edited by HotIce; 03-24-2012 at 01:32 AM.
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      03-23-2012, 10:05 PM   #19
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Well I'm 40 and pay 63 a month for full coverage with state farm. Pays to be old.
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      03-23-2012, 10:10 PM   #20
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Age: 16
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Price: If you have to ask you can't afford it
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      03-23-2012, 10:20 PM   #21
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      03-23-2012, 11:03 PM   #22
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Quote:
Originally Posted by christopherchenm View Post
i believe most of them own an m3 in the age of 16-26
If there were owners between 16-26 they'd write like this
"aNyonE betWeeN the aGE of 16 tO 26?"


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