can someone PLEASE help me with insurance for a 2011 e92 zcp m3

i am just 18 i have insurance for the car on my Ls but im going to get my Ps soon and cant seem to find insurance!!! we are with CGU atm but wouldnt mind going with someone else if we can get it. i was jw if anyones policy does not state what u have to be 25 to drive the car or on yours Ls thank you and if u guys have any thing u think i could do i really would love to hear it haha please someone make my dream come true

ohhhh btw its in a business name

It's by law that you aren't allowed to drive something this powerful at the age of 18, so you won't find any insurance company that's going to insure you. You essentially will be doing something illegal, so insurance should be the least of your worries.

There has been some extreme cases where people have been allowed (Exemptions) to drive such a powerful car at that age but you'll definitely have to state your reasons vigorously, and even then insurance probably won't be possible.

On the bright side, your very lucky to have had the opportunity to drive an M3 at such a young age! *Jealous*

As far as I'm aware, IF the car is registered in a company name then you automatically gain automatic exemption for work purposes;). This works only if you are an employee of the company (obviously). However the onus is on you to prove the car is being used for "work" purposes if police were to pull you over. This could simply mean providing the number of your boss (dad) and for him to verify that you are using it for work.

Try RACV for insurance, won't be the cheapest but they will probably insure you.

Hope this helps;)

EDIT: See attached paragraph from the Vicroads website regarding exemptions for prohibited vehicles.

"Exemption to drive a probationary prohibited vehicle

1. Automatic Exemption
The Road Safety (Drivers) Regulations 2009, automatically exempt a probationary driver, from the probationary prohibited vehicle restrictions, who is driving the vehicle in the course of his or her employment and at his or her employer’s request or is self employed and an Australian Business Number (ABN) is in force in relation to the person's business. No exemption document is required from VicRoads in these circumstances. However, the onus is on the driver to provide evidence to the police if requested.
A person is not permitted to drive the vehicle at any time for social reasons or reasons unrelated to work. In these cases the onus is upon the driver to provide evidence to the police that his or her driving is work connected.
A member of the police force who is the holder of a probationary car licence and the holder of an approved Driver Certificate Endorsement for a vehicle of that class is authorised to drive a probationary prohibited vehicle in the course of duty. No exemption document is required from VicRoads."

Post up some pics leigh!

Wow!

Since by law here in the States you can pretty much drive whatever the hell you want once you have a license tell me more about the "Power Laws" of Oz. Is it total HP, TQ, kg/HP, or what? What are the regulations like, and to which ages do they apply? (Seriously, you can be 16 and drive a Z06 or Porsche GT2--not that you won't kill yourself in 5 seconds, and your parents should be tarred and feathered for letting some kid do that, but legally there are no restrictions).

Any "old man's laws" too? No way IMO some 90 year old guy should be driving a 500 HP monster either (but no laws against that here either).

I'm not saying the laws you have are wrong, just that I find it curious since its open season here.

Vitabrits wrote

It's by law that you aren't allowed to drive something this powerful at the age of 18, so you won't find any insurance company that's going to insure you. You essentially will be doing something illegal, so insurance should be the least of your worries.

There has been some extreme cases where people have been allowed (Exemptions) to drive such a powerful car at that age but you'll definitely have to state your reasons vigorously, and even then insurance probably won't be possible.

On the bright side, your very lucky to have had the opportunity to drive an M3 at such a young age! *Jealous*

if i wanted to get insurance on a wrx or a xr6 turbo i can i dont see why i cant with the m3

E92325i wrote

As far as I'm aware, IF the car is registered in a company name then you automatically gain automatic exemption for work purposes;). This works only if you are an employee of the company (obviously). However the onus is on you to prove the car is being used for "work" purposes if police were to pull you over. This could simply mean providing the number of your boss (dad) and for him to verify that you are using it for work.

Try RACV for insurance, won't be the cheapest but they will probably insure you.

Hope this helps;)

EDIT: See attached paragraph from the Vicroads website regarding exemptions for prohibited vehicles.

"Exemption to drive a probationary prohibited vehicle

1. Automatic Exemption
The Road Safety (Drivers) Regulations 2009, automatically exempt a probationary driver, from the probationary prohibited vehicle restrictions, who is driving the vehicle in the course of his or her employment and at his or her employer’s request or is self employed and an Australian Business Number (ABN) is in force in relation to the person's business. No exemption document is required from VicRoads in these circumstances. However, the onus is on the driver to provide evidence to the police if requested.
A person is not permitted to drive the vehicle at any time for social reasons or reasons unrelated to work. In these cases the onus is upon the driver to provide evidence to the police that his or her driving is work connected.
A member of the police force who is the holder of a probationary car licence and the holder of an approved Driver Certificate Endorsement for a vehicle of that class is authorised to drive a probationary prohibited vehicle in the course of duty. No exemption document is required from VicRoads."

i will try them i dont mind the cost to much as long as its not a real rip off! the police isnt the worry its the insurance haha cant be drive that with none!

zenderm3 wrote

Post up some pics leigh!

how do i post photos haha ill work it out i have few on my computer and ill get more tomoro but u will see this car on carsales as we found a dint on it and took it back to melb bmw our zcp m3 is yet to come shoudl be here in 6 weeks i hope lol

here is some ill put more this week

How much is everyone else paying for their insurance and who are they with?

DO you have tickets or accidents? I can not see why you can not get insurance on an M3 at 18? When I was 16 a long long long time ago I had a ZR1 and my name was on the insurance with state farm. I pay 780 every six months on my M3 but I pay 1200 every six months for some reason on a hard top mercedes.
.......................................................................................................................
2012 M5 (I Wish)
2011 M3
2010 ESCALADE (Platinum)
2010 SL65 (Black Series)
2009 Z06
2008 S65
2007 Escalade
2006 M5
2006 300 SRT8
2006 Z06

BMW2011DCT wrote

DO you have tickets or accidents? I can not see why you can not get insurance on an M3 at 18? When I was 16 a long long long time ago I had a ZR1 and my name was on the insurance with state farm. I pay 780 every six months on my M3 but I pay 1200 every six months for some reason on a hard top mercedes.

Mate in Australia there are fairly strict rules for people on Learners and Provisional licences...basically restricts them from driving turbo charged or high performance vehicles.

zenderm3 wrote

Mate in Australia there are fairly strict rules for people on Learners and Provisional licences...basically restricts them from driving turbo charged or high performance vehicles.

I thought he was from Melbourne Florida. My title says Chattanooga Tn. But that is strange that it is like that, I havee been to Australia a few times and boy do they have a lot of Skyline GTR's their. Thanks for the info and good luck with the insurance thing and it sounds like he has wonderful parents just like I do.

2012 M5 (I Wish)
2011 M3
2010 ESCALADE (Platinum)
2010 SL65 (Black Series)
2009 Z06
2008 S65
2007 Escalade
2006 M5
2006 300 SRT8
2006 Z06

You're 18 and you have a E92 M3? Fark.....

At 18 I drove a 20 year old Holden Gemini.

Nice one Leigh, did you decide on the mods yet?

andrew@southernBM wrote

Nice one Leigh, did you decide on the mods yet?

hahaha!!! i never saw this andrew well we will do a sourthern bm stage 1 first then work from there could u please keep me updated with the aa kit

thanks!

Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?

skintsaint wrote

Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?

I use NRMA and have my 2010 model insured for 45000. However, I've max no claims etc. on it, and my monthly is $170, which is higher. NRMA allows an "agreed value" and their range is pretty good. I think I could have insured my M3 for a maximum of $49,000, but decided to insure for what I think is reasonable.

skintsaint wrote

Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?

Hagerty.
Hopefully it’s not your daily driver or only car otherwise that won’t work. But you can get a stated value policy with them. Of course, no clue if they operate in Oz, just a suggestion

Try Shannons. Mine is $132 per month insured for $40300
2008 E92

How much do you drive the M3? daily or weekend car?
Get a quote from Enthusiast Motor Insurance if weekender. Over $50k for $1200, 5000kms annually