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Old 02-07-2013, 11:44 PM   #16
starbuck
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As others said the value of the car has little to do with the rates ... Your driving record, insurance history (as primary) and LOCATION will be the most important factors ..
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Old 02-08-2013, 12:41 AM   #17
BMW_M_POWER
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GTA drivers bend over and take it up the a** from insurance companies. Move North, East or West if you like cheap insurance
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Old 02-08-2013, 12:47 AM   #18
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hagerty
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Old 02-08-2013, 01:45 AM   #19
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FYI to all, Insurance and Police systems are interlinked now.... basically, cops can see if the vehicle is insured or not
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Old 02-08-2013, 07:31 AM   #20
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Quote:
Originally Posted by dbworld4k View Post
Did I just long onto Maxbimmer - Uzbekistan version?!

$254 sounds high. Is that for FULL coverage? Just go with liability only. For comparison, my 330Ci used to be $290/month for full coverage before I turned 25. The M5 is $296 or so for full coverage and I am 25. A 1992 325is that's worth a fraction of either of those two shouldn't be costing you nearly as much to insure.
WOW. I pay $98/month for my '01 M5, used as a daily with full coverage and $300 deductibles.
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Old 02-08-2013, 08:47 AM   #21
dbworld4k
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I even have a clean record

Quote:
Originally Posted by bmwm5lover View Post
That's roughly what we pay....
Yup... **** insurance in the GTA.
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Old 02-08-2013, 09:09 AM   #22
testdriver
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@marek
which insurance are you with on your M5?
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Old 02-08-2013, 10:46 AM   #23
Mirko
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I was paying $170/month for my 1995 325is with Aviva when I was 22. Great driving record and under my parents policy otherwise probably would've been more.
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Old 02-08-2013, 11:04 AM   #24
marek
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@marek
which insurance are you with on your M5?
Meloche Monnex and I'm in Oakville
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Old 02-08-2013, 12:27 PM   #25
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Meloche Monnex and I'm in Oakville
Damn. Same here, I am with TD MM also but in *surprise* Brampton -_-
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Old 02-08-2013, 02:50 PM   #26
FermiParadox
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I'm also with TD MM, I'm 29, married, now living in Ajax and I pay $378/month to run my three cars (1998 Volvo S70, 2009 Toyota Corolla, 2005 M3) as compared to $238/month to run just the two during the winter months (guess which ones). I have never been in an accident, or ticketed and I've experienced insurance price variations as follows:

1. Called insurance company to request a quote and admitted I am a male (rates increased)
2. Obtained full G license (rates lowered)
3. Lived long enough (age >25 years and rates lowered)
4. Had coverage long enough with no claims/tickets (covered >5 years and rates lowered)
5. Insured mulitple cars with TD MM (rates lowered)
6. Changed my primary residence (moved from North York to Ajax and rates lowered)
7. Purchased Home Insurance from TD MM (rates lowered)
8. Changed my commuting distance (smaller distance to work equated to lowered rates)
9. Changed my marital status (got married and rates lowered)
10. Mentioned my professional affiliations (employer/PEO designation and rates lowered)
11. Had the M3 noted as a "leisure" vehicle rather than a "daily driver" (rates lowered)
12. My wife got two speeding tickets (rates increased)
13. Explicitly excluded my wife from insurance on M3 and thus removed her ability to drive it (rates predicted to be lowered when it comes out of hibernation in the spring)

I'm also told that having a child will reduce your insurance rates although I'm torn as to whether or not the insurance break will make this worth my while in the long run...

Last edited by FermiParadox; 02-08-2013 at 04:15 PM. Reason: Grammatical error
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Old 02-08-2013, 02:54 PM   #27
dbworld4k
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Quote:
Originally Posted by FermiParadox View Post
I'm also with TD MM, I'm 29, married, now living in Ajax and I pay $378/month to run my three cars (1998 Volvo S70, 2009 Toyota Corolla, 2005 M3) as compared to $238/month to run just the two during the winter months (guess which ones). I have never been in an accident, or ticketed and I've experienced insurance price variations as follows:

1. Called insurance company to request a quote and admitted I am a male (rates increased)
2. Obtained full G license (rates lowered)
3. Lived long enough (age >25 years and rates lowered)
4. Had coverage long enough with no claims/tickets (covered >5 years and rates lowered)
5. Insured mulitple cars with TD MM (rates lowered)
6. Changed my primary residence (moved from North York to Ajax and rates lowered)
7. Purchased Home Insurance from TD MM (rates lowered)
8. Changed my commuting distance (smaller distance to work equated to lowered rates)
9. Changed my marital status (got married and rates lowered)
10. Mentioned my professional affiliations (employer/PEO designation and rates lowered)
11. Had the M3 noted as a "leisure" vehicle rather than a "daily driver" (rates lowered)
12. My wife got two speeding tickets (rates increased)
13. Explicitly excluded my wife from insurance on M3 and thus ability to drive it (rates predicted to be lowered when it comes out of hibernation in the spring)

I'm also told that having a child will reduce your insurance rates although I'm torn as to whether or not the insurance break will make this worth my while in the long run...
Good post. And lol @ child remark. Definitely negative on the savings.
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Old 02-08-2013, 04:16 PM   #28
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^Thanks.
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Old 02-09-2013, 11:15 AM   #29
Alextorobto
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everything is good but no body give me any company to call ((( anyways i gonna by do at state farm for 254$/m
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Old 02-09-2013, 11:18 AM   #30
FermiParadox
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Several of us mentioned TD Meloche Monnex as our insurer:
http://www.melochemonnex.com/en/car-insurance
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