Are M3's expensive to insure/how much is your insurance (FOR FAQ SECTION)

astan100 · Fri, Oct-31-2003, 02:38:08 PM

This question is asked all the time...so let's go ahead and throw some numbers, ages, and locations down once and for all.

I am 21 and have 1 ticket on my record from 4 years ago. I am with Geico and I am a preferred customer (which is hilarious).

I'm currently insured in Ithaca, NY which is pretty much farmland and 2 colleges...insurance doesn't get too much cheaper than here.

I pay about 2400/yr for Full coverage...with large large liabilities. like 500k/wreck and 250 per person...or maybe the other way around...whatever it is, I have about as good a policy as I can get (for my parents sake, they pay it).

If I lived in Houston, they said my insurance would have been closer to 3500-4000 a year.

M3's are some of the most expensive cars on the road to insure whether you buy new or used. They all have to use the same uber-expensive German parts, so there is almost no price different in insurance between a 2004 and a 99.

For reference, I could have insured the following cars for this much money. Again, all Ithaca, NY insurance.

2001-2003 M3- 2450
99 M3- 2400
99 Porsche 911- ~2100 I think...it was lower than the M3
2001 S4- 1800
2001 330ci or 330i - 1600
2003 G35 Sdn - 1500

eduardo gonçalves · Fri, Oct-31-2003, 02:55:53 PM

You`re inspired today

astan100 · Mon, Nov-03-2003, 02:22:03 PM

bump

AlpineE36 · Mon, Nov-03-2003, 09:40:36 PM

23 years old, live in sterling heights michigan, kind of industrial suburby, if that makes any sense. Have one ticket for ten over from a year or two ago, I think. Car is insured as a second PLEASURE Vehicle, I pay about 1400 a year, which I figure aint too bad. That's my 2 cents.

evo m3 · Mon, Nov-03-2003, 10:35:22 PM

42 year old engineer, live in somerset england.
£450 fully comp, £500 excess

CMT · Mon, Nov-03-2003, 10:45:41 PM

31, 20 miles north of Boston, $1400 a year fully insured with one ticket on my record.

tallers · Mon, Nov-03-2003, 11:01:21 PM

45, married, clean record, living 35 miles West of Philly. I pay $869 a year with Liberty Mutual. I have $1K deductibles, 100/300 coverage for liability, uninsured & under-insured. I opted for limited-tort which we have in PA. I was with AIG who upped my annual fee when I bought the M3 to $1700 for the same coverage. I went shopping online at www.comparisonmarket.com and found my current policy. Shop around, you may find a winner like I did. Good luck.

m3affliction · Tue, Nov-04-2003, 04:21:01 AM

Quote:

Originally posted by CMT
31, 20 miles north of Boston, $1400 a year fully insured with one ticket on my record.

Hey CMT,

Would you be so kind as to pm me with your insurance co.? I live in Boston and I want to get an M3 next spring. Thanks in advance. Cool pics on your site, btw.

pester · Tue, Nov-04-2003, 05:01:11 AM

27, single, el paso texas, 2 vehicles. 03 ram 1500 4X4 hemi, 95 m3 as my pleasure vehicle. no tickets, 840 every 6 mos. $500 deductible, progressive. 100/300/100 liability limits. i think it's a steal from some of your stories.

Sammyzuko · Tue, Nov-04-2003, 05:03:40 AM

I've received excellent quotes from both Progressive and Esurance(around $130/month in Colorado). Don't have a M3 yet, but I talked to reps from these agencies and they confirmed the quotes. Hopefully the good rates will still be there when I get my M.

Fri, Oct-31-2003, 02:38:08 PM	#1
astan100 Registered User Join Date: Oct 2002 Age: 31 Posts: 3,189 Reputation: 0 Location: Hoboken, NJ	Are M3's expensive to insure/how much is your insurance (FOR FAQ SECTION) This question is asked all the time...so let's go ahead and throw some numbers, ages, and locations down once and for all. I am 21 and have 1 ticket on my record from 4 years ago. I am with Geico and I am a preferred customer (which is hilarious). I'm currently insured in Ithaca, NY which is pretty much farmland and 2 colleges...insurance doesn't get too much cheaper than here. I pay about 2400/yr for Full coverage...with large large liabilities. like 500k/wreck and 250 per person...or maybe the other way around...whatever it is, I have about as good a policy as I can get (for my parents sake, they pay it). If I lived in Houston, they said my insurance would have been closer to 3500-4000 a year. M3's are some of the most expensive cars on the road to insure whether you buy new or used. They all have to use the same uber-expensive German parts, so there is almost no price different in insurance between a 2004 and a 99. For reference, I could have insured the following cars for this much money. Again, all Ithaca, NY insurance. 2001-2003 M3- 2450 99 M3- 2400 99 Porsche 911- ~2100 I think...it was lower than the M3 2001 S4- 1800 2001 330ci or 330i - 1600 2003 G35 Sdn - 1500 __________________ 99 Cosmos M3 with Modena Interior. Mods: Carbonio CAI,Bilstein Struts/Shocks,SS Brake Lines,K-mac Camber Plates, Stellar Alarm In the Market for: Ellipsoids + HIDs (R.I.P- Bosch Housings with 4300k HID's.), a ZKW fog light bracket...not sure which side yet. Recently installed: New set of Rear Bilsteins with RE RSMs To be installed: UUC Red TME's, Alpine Head Unit/Sirius Current annoying M3 problems: wind noise from badly aligned windows

Mon, Nov-03-2003, 02:22:03 PM	#3
astan100 Registered User Join Date: Oct 2002 Age: 31 Posts: 3,189 Reputation: 0 Location: Hoboken, NJ	bump __________________ 99 Cosmos M3 with Modena Interior. Mods: Carbonio CAI,Bilstein Struts/Shocks,SS Brake Lines,K-mac Camber Plates, Stellar Alarm In the Market for: Ellipsoids + HIDs (R.I.P- Bosch Housings with 4300k HID's.), a ZKW fog light bracket...not sure which side yet. Recently installed: New set of Rear Bilsteins with RE RSMs To be installed: UUC Red TME's, Alpine Head Unit/Sirius Current annoying M3 problems: wind noise from badly aligned windows

Mon, Nov-03-2003, 09:40:36 PM	#4
AlpineE36 Registered User Join Date: Jun 2003 Age: 33 Posts: 3 Reputation: 0 Location: Marine City, MI	23 years old, live in sterling heights michigan, kind of industrial suburby, if that makes any sense. Have one ticket for ten over from a year or two ago, I think. Car is insured as a second PLEASURE Vehicle, I pay about 1400 a year, which I figure aint too bad. That's my 2 cents. Last edited by AlpineE36; Mon, Nov-03-2003 at 09:43:18 PM.

Mon, Nov-03-2003, 10:45:41 PM	#6
CMT You gotta be cool. Let the coolness get into your vertebrae. Join Date: Apr 2003 Posts: 5,466 In the garage: '91 BMW 325 Reputation: 0	31, 20 miles north of Boston, $1400 a year fully insured with one ticket on my record. __________________ 91 325is \| OBDI IP Race S52

Tue, Nov-04-2003, 05:01:11 AM	#9
pester ITALIAN TUNE-UP Join Date: Sep 2003 Age: 37 Posts: 139 Reputation: 0 Location: Santa Fe	27, single, el paso texas, 2 vehicles. 03 ram 1500 4X4 hemi, 95 m3 as my pleasure vehicle. no tickets, 840 every 6 mos. $500 deductible, progressive. 100/300/100 liability limits. i think it's a steal from some of your stories. __________________ 2008 Lotus Exige S240 SOLD...2003.5 OGII/Black M3 SOLD...1995 Cosmos Black M3

Fri, Oct-31-2003, 02:55:53 PM	#2
eduardo gonçalves Team Empty Wallet Racing Join Date: Oct 2001 Posts: 1,151 Reputation: 0 Location: lisbon, portugal	You`re inspired today

Mon, Nov-03-2003, 10:35:22 PM	#5
evo m3 Registered User Join Date: Aug 2003 Posts: 121 Reputation: 0	42 year old engineer, live in somerset england. £450 fully comp, £500 excess

Mon, Nov-03-2003, 11:01:21 PM	#7
tallers Registered User Join Date: May 2003 Age: 55 Posts: 47 Reputation: 0 Location: Exton, PA	45, married, clean record, living 35 miles West of Philly. I pay $869 a year with Liberty Mutual. I have $1K deductibles, 100/300 coverage for liability, uninsured & under-insured. I opted for limited-tort which we have in PA. I was with AIG who upped my annual fee when I bought the M3 to $1700 for the same coverage. I went shopping online at www.comparisonmarket.com and found my current policy. Shop around, you may find a winner like I did. Good luck.

Tue, Nov-04-2003, 05:03:40 AM	#10
Sammyzuko Registered User & Abuser Join Date: Oct 2003 Age: 34 Posts: 2,506 Reputation: 0 Location: Arlington, VA	I've received excellent quotes from both Progressive and Esurance(around $130/month in Colorado). Don't have a M3 yet, but I talked to reps from these agencies and they confirmed the quotes. Hopefully the good rates will still be there when I get my M. __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Holy crap STI insurance is expensive	Fast Shadow	Off Topic	26	Tue, May-24-2011 06:29:04 PM
Most expensive states to insure you car	Divexxtreme	Off Topic	4	Sat, Sep-25-2004 05:35:10 AM
Is insurance for M3 too expensive?	jimmyreg	E46 M3 (2001-2006)	8	Sun, Aug-08-2004 01:10:54 PM
Can I be a mod/can we work on the FAQ section?	astan100	Off Topic	46	Sun, Nov-02-2003 10:32:35 PM