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Old 06-19-2008, 11:39 AM   #1
kjbboosted
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M3 insurance

Do insurance companies go to town on you just because its an M3?
im talking about the e36 there only 240hp and compared to whats being made nowadays thats pretty average....But im 20 and its a 2 door so its not going to be good.
what do you guys pay and with who?

cheers
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Old 06-19-2008, 11:40 AM   #2
Boots R
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How is your driving record?
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Old 06-19-2008, 11:52 AM   #3
BenBMW
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Insurance will most likely be high for an M3.

You're young, inexperienced (so they presume), it's a 2DR, an M3, male?, blah blah blah...

I'm waiting till I hit 25 before I purchase my M3, 'cause then I'll probably just make my non-M my daily driver. I'm 23 ATM, turning 24 this year.
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Old 06-19-2008, 12:00 PM   #4
330Hi
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^ Thats what I did... wait until get 25.
Not much of a difference... SURPRISINGLY
Have clean record... and history!
Run some quotes online to find out!
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Old 06-19-2008, 12:11 PM   #5
Boots R
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Run some quotes online to find out!
online quotes are useless. You should call around to insurance companies to get a real idea on what you'd be paying.
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Old 06-19-2008, 12:12 PM   #6
jstalin
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Why not just visit kanetix & see for yourself?

Obviously you will pay more if you're under 25, better to put it in your parents name til then if that's an option

Quote:
online quotes are useless. You should call around to insurance companies to get a real idea on what you'd be paying.
How is it useless? The csr you're calling goes through essentially the same process as you do online, so cut out the middleman. There should be no differences between online & in person quoting
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Old 06-19-2008, 12:19 PM   #7
Boots R
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Originally Posted by jstalin View Post

How is it useless? The csr you're calling goes through essentially the same process as you do online, so cut out the middleman. There should be no differences between online & in person quoting
Maybe they've revised their system, but i had varying prices when I used Kanetix.

for example, $5200 through RBC on kanetix. But when I called them, $6800.
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Old 06-19-2008, 12:24 PM   #8
kjbboosted
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clean driving record.
how does putting it in my parents name work? just because its in their name its cheaper or do they need to be insured on it and i would just be occasional?
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Old 06-19-2008, 12:41 PM   #9
330Hi
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^That's correct...
provided they have a good record too (obviously!)
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Old 06-19-2008, 12:44 PM   #10
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with me, 2004 e46 m3 and i'm 22 years old.
1 not at fault accident.
1 speeding ticket like 7 years ago or something like that.
under umbrella under dad's name and me as primary.
$230 a month.
under umbrella under my name and me as primary.
$270 a month. maybe a little less.
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Old 06-19-2008, 12:51 PM   #11
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Originally Posted by Boots R View Post
Maybe they've revised their system, but i had varying prices when I used Kanetix.

for example, $5200 through RBC on kanetix. But when I called them, $6800.
Kanetix is usually pretty good, but they are a brokerage so there may be bias towards certain companies they deal with. But if you go to insurancehotline you should get 100% accurate quotes, or you can just go to each insurance companies web site to check their pricing yourself and there s/b no difference than what a broker quotes you (providing the info you give online is the same as what you tell the broker)
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Old 06-19-2008, 01:06 PM   #12
///M-TRD3
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Its all hit and miss?

The company you get, the agent on the line, luck of the draw, all that I guess. I mean Ive seen extremly high quotes, then I see King Luis above and I who both seem to have gotten very good rates on M3s at a young age.
FWIW Bel Air Direct is responsible for me being able to own an insured M3.
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Old 06-19-2008, 01:12 PM   #13
330Hi
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Age 25 - Primary & Owner
E46 M3
Premium: $145 to $180 (depending on deductible)
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Old 06-19-2008, 01:14 PM   #14
JunzieB
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Quote:
Originally Posted by King Luis View Post
with me, 2004 e46 m3 and i'm 22 years old.
1 not at fault accident.
1 speeding ticket like 7 years ago or something like that.
under umbrella under dad's name and me as primary.
$230 a month.
under umbrella under my name and me as primary.
$270 a month. maybe a little less.
WTF!!!???

You lucky bastard! Is that full coverage?
I'm looking for insurance on my own for a 97 328 and the best quote I got so far is 360 a month.
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Old 06-19-2008, 01:35 PM   #15
kjbboosted
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Yeah that seems awefully good...a little too good lol

King luis- what company are you with and where do you live?
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