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View Full Version : Who insures you? -Insurance Directory & Information-


Bimmer~Zigs
04-05-2012, 10:32 PM
I made this thread because of how difficult it can be to find the right place to get insurance in the GTA & surrounding areas.

I'm 20, I have a few tickets and a suspension and it has not been easy for me.

I moved out to BC for 2 years and my insurance was only $100/month for just liabiltly. I am now being turned down by many company's for my 1990 325i (my record doesn't help) and or ridiculas prices.

Please post recommended insurance company's or brokers, and additional information for other members to see. I noticed a thread with some very helpful information about insurance, but not regarding price.

Cheers

nab24-
04-06-2012, 12:15 AM
I must say best of luck finding insurance in Ontario. I'm 20 aswell, Spotless record and I have my AZ, been driving since 16, and to go under my own insurance lowest quote i got was 210 a month from TD but since my car isnt stock they wont insure it and everywhere else wanted 500-1200$ a month.... i literally had to put my car under my moms name so it could go under her insurance (make me principal driver) that way they dont have to look at the vehicle we just said "its stock"

nab24-
04-06-2012, 12:17 AM
oh and now im paying 210 a month under my moms insurance. thats just liability too..... insurance is a big rip off in ontario

propr'one
04-06-2012, 12:46 AM
My insurance is 92$ a month for full coverage, 500$ deductible on a 2001 M Roadster with limited glass. I have two speeding tickets from years ago.

nab24-
04-06-2012, 01:01 AM
You are probably older then 25 then. When I turn 25 my insurance will drop to like 60$ a month full coverage. We are both young still

propr'one
04-06-2012, 01:01 AM
I am 25.

nab24-
04-06-2012, 01:17 AM
Yea that's why. My brothers insurance dropped from 180$ a month to 75$ a month when he turned 25

momax_powers
04-06-2012, 01:52 AM
if you have relative that live in barrie or orangeville, try getting an address there and insurance in significantly lower than brampton or mississauga......i got a td insurance quote of 400 a month with a brampton address but only 165 with an address in barrie..im 23

propr'one
04-06-2012, 02:15 AM
^^if you do that, your insurance company has reason to deny your claim. (You are committing fraud.)

My insurance was about 165$ last month (when i was 24)

momax_powers
04-06-2012, 02:18 AM
i should add that when using that address...stay there and live there

momax_powers
04-06-2012, 02:19 AM
"insurance doesnt say u are not aloud to visit your parents house and stay for extended periods of time"

propr'one
04-06-2012, 02:46 AM
You think an insurance company lawyer would have a hard time proving where you really live?

momax_powers
04-06-2012, 02:59 AM
because of bramptons high insurance i know many people who are forced to do this...4-600 a month is outrageous for people in the early 20s who have decent records. People feel that they are getting scammed so they are less incline to be totally honest with insurance companies....nobody tells the complete truth when filling out insurance forms i.e kms driven per year, distance to work etc. and a insurance lawyer could technically deny a claim for any one of those things...same shit different pile. It is fraud but so is saying you drive 15000km a yr when u actually drive 30000km. And from personal experience from friends and family who have done this....they havent had any problems with claims or insurance lawyers. Lawyers usually get involved when it comes to injury extremely high injury claims with regards to if your actually hurt or not and if the healing process is reasonably priced.

bmwm5lover
04-06-2012, 10:23 AM
I just spent hours a week ago speaking to over 20 companies and agents and checking insurance hotlines online.
I received quotes as high as 700$, most were in the 350-450$ range. (full coverage on the M5)
Aviva beat all of them by a fair amount.

I am 25 (26 in july), one ticket that comes off in december and no insurance history.

Deep 3.2TL
04-06-2012, 04:35 PM
All depends where you live too... When I was 24, living with my parents in Mississauga, my '92 Prelude was $160 a month. Turned 25, got married, moved into my own place my 2 cars (new at the time 2002 Sentra SE-R and '92 prelude and my house) were running me about $295 a month. That's with an at fault accident in the '02 SE-R - Bad weather, slid into the curb, bent axle, etc...

Now, I'm 35, in Milton, '07 Z4, '07 MDX, '06 TL (all with 2 drivers) and my house run me $285 a month total. That's with an accident just a month ago (right before my renewal) but I have accident forgiveness with my package.

Milton's gotta have some the lowest rates around that I've seen...

Suspensions gotta be the biggest red flag on yours... you really should be more responsible while driving, it'll be cheaper for you...

Deep 3.2TL
04-06-2012, 04:36 PM
I just spent hours a week ago speaking to over 20 companies and agents and checking insurance hotlines online.
I received quotes as high as 700$, most were in the 350-450$ range. (full coverage on the M5)
Aviva beat all of them by a fair amount.

I am 25 (26 in july), one ticket that comes off in december and no insurance history.

That's just cuz you are BAUSSS... :p

Richmond Hill is one of the higher ones too along with Brampton... kinda strange why... I understand Brampton - Probably tons of Ragu in Brampton...

Supreme_sole
04-07-2012, 12:02 PM
My insurance is 92$ a month for full coverage, 500$ deductible on a 2001 M Roadster with limited glass. I have two speeding tickets from years ago.

How
My insurance is 340 and im 27
Full coverage with TD

Deep 3.2TL
04-07-2012, 12:04 PM
Like I said - it's where you live.... He's in Alberta...

Stephanie
04-07-2012, 01:51 PM
OP -- I lived out in BC for a year as well and the price difference for insurance is astronomical!! I was paying $150/month on Vancouver island for our 2007 BMW 335i Convertible with ridiculously awesome coverage... and the 5% guaranteed discount annually was great too! (its because BC has government regulated auto insurance, but ON can do whatever the F*&$ they want because they are privatized...)

Now that I'm back in the GTA, I am paying $350/month for my two cars -- a 2000 VW Jetta VR6 and the BMW... And the VW is liability only. The BMW works out to be about $200-$210/month and I'm 26 and have a perfectly clean record. *thmbsdwn*

It's awful, but its the absolute best I can find.
Everyone else was asking a LOT more... Especially for the VR6... WTF!! :confused:

Anyhow... I deal with a brokerage and I'm with The Dominion, if you want to try them out... Harish Rao is my broker (he's awesome), he's in Mississauga on Central Parkway, and his number is 905-276-9495.

GL!! *wave*

iverson03tj
04-07-2012, 05:26 PM
Its all thanks to those insurance fraudsters :@

propr'one
04-07-2012, 09:47 PM
I used to have insurance with Dominion back in ON, they are GREAT. Not the cheapest, but come claim time, they are more than fair.

M coupes are driven by petrolheads who drive hardcore. M roadsters are driven by 50 something year old balding insurance salesmen, me & jay. Just demographics. I have friends with ferrari's and lambo's who have dirt cheap insurance (even in ontario). Super high end cars can be even cheaper than performance cars, because most people with a 360 baby it, store it indoors, and dont do 300 on the highway.

davericher20
04-08-2012, 12:11 AM
Cooperators

iverson03tj
04-08-2012, 11:42 AM
I am also looking around the two insurance companies that im going to try for is aviva and caa, i got a qoute from caa for my e30 for only 168 a month which isnt bad. A friend of mine was telling me that if i wanted i can get a 3rd party insurance for only 1500 a year.... Hmm it seems too good to be true.... Anyone else have experience with this?

mgunter
04-08-2012, 11:53 AM
Try TD Meloche Monex or Desjardins. I'm 22 and with Desjardins. My E30 was around 115 just last year but i took it off the road for now. My Tucson is 165 with Desjardins (full coverage) and 170 with TD MM. I might be getting an E90 though and with Desjardins they want $390 for both and only $280 for TD MM. That's full coverage on both and my girlfriend as principal on the Tucson with only a G2...not too shabby!

bmw.ae
04-11-2012, 01:30 AM
oh jeez, im 23 and pay 120 on the cabrio cuz (8)its my mama name, but thats okay, cuz im still fly! (8) lol ive paid 680 for insurance under my name smh..mostly cuz my driving record is shit.. 2 drive no ins .. never again..
ziggy u get the fuel pump working?