What do you pay for insurance?

[Lifted07Sierra]

I got a quote on a 2007 335i coupe. Im 28 single male, no accidents or tickets and I was quoted $280/month with progressive.

I have a 2007 lifted gmc sierra and i only pay $140 a month right now with progressive.

WTF?

[mryakan]

Well insurance costs vary by location (even within the same city), provider and various coverage options, discounts, and many other things, so really there is no way for you to compare apples to apples.

I am paying 10-15% more to insure my e90 than I used to pay for my 97 318ti, and this is with a 0 deductible, couldn't even get that for my old car. Coupes to have higher rates though and any turboed car probably costs more to insure.

That being said, 280 seems very high, did you try shopping around and seeing what others would offer.

[mump]

funny you ask. I was paying $214/month for both my 07 328i and 03 mitsu evo. My wife had a minor accident last march and they said my insurance will go up to $240/month for the next year. well, today i checked my bill - $327 .... WTF? I called and asked them about and they said they redid their premium calculation system, this is with USAA. I am now looking for a new company to go through.:mad

[smi2710]

not that it will matter

married 2 cars 31 year old no points or tickets

2006 325xi= 398 for six months
86 325 = 200 for six month

we are with travelers just signed on with them as the old company raised my rates we saved 500 a year.

both cars are full coverage

however wifey has a pending court date for passing on the right ( lawyer retained :help)

[Lifted07Sierra]

ok with adding my g/fs vehicle it drops to 220/month which is still too much.

Since Im paying $140 my insurance cant be higher than $180 or its not worth it for me to convert over.

If I just SAY Im married do they ask for proof? haha

Id like to see what other 335i drivers are paying that are single

damn it

[mryakan]

ok with adding my g/fs vehicle it drops to 220/month which is still too much.

Since Im paying $140 my insurance cant be higher than $180 or its not worth it for me to convert over.

If I just SAY Im married do they ask for proof? haha

Probably not, but when you get into an accident, they look for everything and could totally deny payment and may even go after you for fraud, so lying to the insurance mafia is not recommended.

P.S. You are already paying to much. Shop around.

[sor]

Was 27 and single when I got my 2007 335xi. No tickets. Was $650/6 months. When I turned 28 it went to $99.xx a month. That's with American National, and 250/500 coverage, $500 deductible. I was told they have good rates but it's because they don't take anyone with risk, and even drop people if they get too many points on their record. They give discounts for good credit, but I think most do. They also have a payback plan where if you don't use your insurance you get 1/4 of what you paid back after three years. Got my first check last month.

[rdadhania]

Only pay $100 a month, have a $100 deductible, full coverage, accident forgiveness and thats with a wreckless driving ticket about 4 years go and an accident 5 years ago. And I am in my low/mid twenties and unmarried. You can definitely get cheaper than 280/mo...thats straight robbery.

[jrjinsa]

08 328i. GEICO, single, no accidents, 38 years old. $105/month for full coverage.

[sor]

Not necessarily robbery.

When I switched to Allstate, before my current insurance, I learned that there are tiers of insurance. Apparently it's difficult to go up from the lower tier, having a good record isn't enough. It's about the underwriter of your insurance and upper tiered insurance companies won't accept new signups coming from the lower tier.

Allstate signed me up, and then told me that they might not be able to insure me because even though I thought I was with Farmer's, Farmer's had me underwritten with their high risk division from when I was a teen.

Anyway, it was found out when I brought in the proof of insurance. It had the farmer's logo, but in the details the insurer was 'Mid Century'. The Allstate guy said I'd have to go to a 'tier-agnostic' company for awhile as a bridge, in order to get into the top tier and the better rates if I wanted to stick with the Allstate quote. Luckily, most of the paperwork had already been submitted and he said we'd just wait see if it got rejected. Apparently the auditors didn't notice.

So to sum it up, if you're in a low tier insurance, it might not matter how good your record is, what your age is, etc... you're considered high risk and expensive to insure. I had heard that progressive is actually one of the few tier-agnostic, meaning that they don't care what tier you came from, and upper tier companies don't care if you come from progressive. Most people coming from a low tiered insurer get a good deal with progressive, but many who shop around after being with progressive find better deals if they can get into the upper tier, simply because tier-agnostics don't have a pool of low-risk clients separated out.

Hope that makes sense. One last thing, I get the impression that some unscrupulous insurance agents will try to sign you up low-tier to make more money off of you. I remember signing up with Farmer's and none of this was explained to me. I actually came from Allstate under one of my parent's plans, and while the Farmers quote was more expensive I just assumed it was my age.

[TATE]

It really pays to shop insurance, and I recommend doing so every couple of years. Our homeowner's had creeped up on Allstate until we were paying too much. I saved $700 a year by switching.

With Farmers my car coverage is $111 per month, that's for 100k/300k with $1000 deductible on collision and comp.

We have several cars and our home insured with them, so there might be some discounts involved. Allstate was around the same price on the cars but a lot more on the homeowners, so we switched. My location is Southern California.

I recommend looking into glass coverage for BMW owners if your state has a comprehensive deductible on glass coverage. The freeway we drive has a lot of trucks and I've cracked 3 or 4 windshields on my other cars, so I asked my insurance agent about windshield replacement. He said I could "buy back" the glass deductible for about $2 per month. He said to replace the windshield with factory glass was over $1000 - so I jumped on the offer.

Ironically, after I did that that my wife's Ford Edge got a cracked windshield the same week we bought it, and of course we weren't covered on hers. We are now. I understand some states, like Florida, require the insurance company to cover glass with no deductible.

Chris

[sprung]

Shop around. Not just through progressives comparisons, but on your own.

I check quotes every 6 months and will move to a cheaper company if the price is right. I do stick to the major companies though and not the guys selling stuff on late night tv.

If you are military/government or former, check out USAA. They are a great company and offer very good rates. Check with your employer, sometimes they offer discounts if you go through a certain company (my employer has a deal with MetLife, for example).

Your price does seem pretty high. There are many factors such as credit rating, where the vehicle is garaged, as well as the deductible, so I can't say if you are getting a "fair" rate or not.

Again, shop it around, and don't be afraid to go back to progressive and see if they'll match a price you found.

Good luck.

[duckguy53590]

27 No accidents or speeding tickets. Have 1 other car, homeowners and and 2 boats. My 2006 325xi is $38 a month 250 deductable-full coverage.

[g2artist]

I got a quote on a 2007 335i coupe. Im 28 single male, no accidents or tickets and I was quoted $280/month with progressive.

I have a 2007 lifted gmc sierra and i only pay $140 a month right now with progressive.

WTF?

Dude, your getting ripped........I have full coverage on my 335i e93, my wifes 2007 CRV and liability on my Honda Accord with 250,000/500,000 coverage for $800 every 6 months. $500 deductible

[Bonds 25]

GEICO $1400 a year, $500 deductible, 3 speeding tickets and 3 minor accidents. Thanks to Washington state being stupid, my glass coverage falls under my $500 deductible.

[E92!Dreier]

Some of you guys should try moving to New York. Or maybe not, you might cry, as I do.

I have paid as high as $600/month (tickets) for one vehicle.

I currently pay $3200 annually for one vehicle -- My deductible is $1250. Progressive.

My Mom drives a late-model Benz. (No accidents or tixx in 30 + years) -- $1000 deductible, $210/month.

When insuring a premium vehicle or any new car, you should expect to pay premium insurance rates. On a lease, it is even more expensive.

To you guys with $0 deductibles and payments below $300/month, you are in rarified air. Kudos!

[nm335]

Hello all:

Full coverage on the 335i, zero deductible on on the glass, I think $500 on everything else:

Right at $400 every six months from Farmers.

For my 540i, same details, I think it is about $250 every 6 months.


But then I am really old and drive like a granny, right?

[E92!Dreier]

Hello all:

Full coverage on the 335i, zero deductible on on the glass, I think $500 on everything else:

Right at $400 every six months from Farmers.

For my 540i, same details, I think it is about $250 every 6 months.


But then I am really old and drive like a granny, right?

Driving like a granny in a 540i and a 335i? I think not!

[mryakan]

But then I am really old and drive like a granny, right?
Hey nm335,
that would be one crazed granny taking lots of prozac :stickoutt. It is a good thing insurance companies don't go scouring the forums for people who try to exceed the speed of sound in their 335 ;).

[E92!Dreier]

Hey nm335,
that would be one crazed granny taking lots of prozac :stickoutt. It is a good thing insurance companies don't go scouring the forums for people who try to exceed the speed of sound in their 335 ;).

http://blog.wired.com/cars/images/2008/06/04/older_driver.jpg

[Critter7r]

Only pay $100 a month, have a $100 deductible, full coverage, accident forgiveness and thats with a wreckless driving ticket about 4 years go and an accident 5 years ago. And I am in my low/mid twenties and unmarried. You can definitely get cheaper than 280/mo...thats straight robbery.


Wreck-less driving!!! :lol

I've been doing that for years. (Ha!!! get it? ..... haven't had a wreck.. get it?... Is this thing on?....)


Grammar police alert..... it's "reckless". Sorry. I'm upset with myself for having to explain that.:shifty

[Bandit335]

Isurance cost varies greatly by location. Some states have no fault insurance laws where everybody pays the same rates. A suburban address may have 50% cheaper rates versus a large city.

My advice:

Get a friend or family member to let you use their address if it's in a nice suburban neighborhood. Set collision deductible to at least $500 or higher. Your comprehensive deductible ought to be $0 because that will only raise your premium up by a little bit like $20 for six months. Comprehensive covers acts of God type claims, vandalism, windows, mirrors, theft, flooding etc (read your policy)... so you're very likely to use it at some point especially if you need a new mirror and don't have to pay any deductible. Almost any claim involving you driving into it comes out of collision coverage. I cannot tell you how important it is to use the "right" words when you first call and tell your insurer what happened. That determines if it's paid by collision or comprehensive. Note, comprehensive never counts against you and doesn't raise your premiums.

Let me give you an example. If you're driving and an object hits your front bumper, you got to tell them it never touched the ground before it hit the car. That would be covered under comprehensive even though you were driving. BUT if you tell them it hit your bumper but bounced off the ground first or was sitting on the road, that would be collision because to them you drove into it. So becareful ! Read your policy for the definition of comprehensive and collision coverage.

Lastly, get the max coverage possible. For example, $300,000/300,000. Raising this doesn't cost that much either. Some people use the phrase "full coverage" but that doesn't say a thing and is really meaningless unless you know what exactly is covered and how much.

From experience GEICO has been the best for me and has by far the best customer service. I pay $380 for six months for the 2008 335i coupe. BTW, the type of car has more to do with your premium than the cost or year of the car. A shitty old cheap mustang will cost you much more than a new 328 sedan.

[Bonds 25]

Isurance cost varies greatly by location. Some states have no fault insurance laws where everybody pays the same rates. A suburban address may have 50% cheaper rates versus a large city.

My advice:

Get a friend or family member to let you use their address if it's in a nice suburban neighborhood. Set collision deductible to at least $500 or higher. Your comprehensive deductible ought to be $0 because that will only raise your premium up by a little bit like $20 for six months. Comprehensive covers acts of God type claims, vandalism, windows, mirrors, theft, flooding etc (read your policy)... so you're very likely to use it at some point especially if you need a new mirror and don't have to pay any deductible. Almost any claim involving you driving into it comes out of collision coverage. I cannot tell you how important it is to use the "right" words when you first call and tell your insurer what happened. That determines if it's paid by collision or comprehensive. Note, comprehensive never counts against you and doesn't raise your premiums.

Let me give you an example. If you're driving and an object hits your front bumper, you got to tell them it never touched the ground before it hit the car. That would be covered under comprehensive even though you were driving. BUT if you tell them it hit your bumper but bounced off the ground first or was sitting on the road, that would be collision because to them you drove into it. So becareful ! Read your policy for the definition of comprehensive and collision coverage.

Lastly, get the max coverage possible. For example, $300,000/300,000. Raising this doesn't cost that much either. Some people use the phrase "full coverage" but that doesn't say a thing and is really meaningless unless you know what exactly is covered and how much.

From experience GEICO has been the best for me and has by far the best customer service. I pay $380 for six months for the 2008 335i coupe. BTW, the type of car has more to do with your premium than the cost or year of the car. A shitty old cheap mustang will cost you much more than a new 328 sedan.
You pay $760 a year? That seems extremely low. Do you have multiple cars on your policy? Thats half of what I pay.


Some of you guys should try moving to New York. Or maybe not, you might cry, as I do.

I have paid as high as $600/month (tickets) for one vehicle.

I currently pay $3200 annually for one vehicle -- My deductible is $1250. Progressive.

My Mom drives a late-model Benz. (No accidents or tixx in 30 + years) -- $1000 deductible, $210/month.

When insuring a premium vehicle or any new car, you should expect to pay premium insurance rates. On a lease, it is even more expensive.

To you guys with $0 deductibles and payments below $300/month, you are in rarified air. Kudos!
My insurance cost actually went up, and my coverage went down when I move to Washington State from New York. No glass coverage in Washington State, it falls under your collision. BTW I saved $800 switching to GEICO from Progressive.

[E92!Dreier]

http://www.iii.org/media/facts/statsbyissue/auto/

interesting stats.

[gotbmrfvr]

I have 3 vehicles:
2002 GMC diesel dually (paid off)
2007 Chevy diesel 3/4ton reg cab
2006 325i

And I'm paying $225/month with a $1500 deductible, which helps the premium a lot.
Yes I'm married, but I really didn't see much of a change in price from before and after I got married.
I'm with Mercury, but have also been with them for years.

[Jhunter]

My advice:

Get a friend or family member to let you use their address if

So your advice is to commit fraud?


Lastly, get the max coverage possible. For example, $300,000/300,000.

Actually most people on this board driving $40,000+ cars probably have sufficient net worth or incomes that they should have a personal liability umbrella policy of at least $1,000,000. If you have an umbrella policy as you should, your auto limits are specified. I know in my case they are lower than what you advise.

[Bandit335]

You pay $760 a year? That seems extremely low. Do you have multiple cars on your policy? Thats half of what I pay.


My insurance cost actually went up, and my coverage went down when I move to Washington State from New York. No glass coverage in Washington State, it falls under your collision. BTW I saved $800 switching to GEICO from Progressive.


Being married also helps the premiums a lot. My driving record isn't perfect but no accidents. It seems to me that Geico has been the most forgiving company of all the major ones I've had. They walk the walk not just talk the talk like progrssive and allstate.

To the other guy crying fraud. I'm not advocating fraud when it comes to giving them your address only that you technically move into your friend's or family's suburban home and spend a lot of time outside of it at a second home. Residence is defined as where you intend to reside permanenetly. That doesn't necessarily mean you can't have a second place where you sleep or park your car.

Listen they want to pay car manufacturers millions of dollars to sell them info on where you drive, at what speed, time, with whom etc.. So why not arm yourself with the best knowledge possible and get the cheapest premium you can within legal bounds. The wonderful technological advances we have in the cars like BMW assisst, Navi or no Navi, they all store data that insurance companies are dieing to get their hands on as they live off of statistics, numbers, risk, odds, whatever you want to call it.

[Jhunter]

To the other guy crying fraud. I'm not advocating fraud when it comes to giving them your address only that you technically move into your friend's or family's suburban home and spend a lot of time outside of it at a second home. Residence is defined as where you intend to reside permanenetly. That doesn't necessarily mean you can't have a second place where you sleep or park your car.

Huh? :confused

[g325]

I'm payin an outrageous $300 a month. I'm drivin on a dealear plate and I'm paying the insurance and personal usage taxes. Its because of my age mostly (19 and yeah I pay for my own car and run my own company, sorry I was just a little angry about some posts I saw here that stereotype my age group). Then I have 9 or 10 points on my license in NY for stupid stuff like dumb tint tickets with my old '99 infiniti g20 which only had 35%.

One thing I have noticed about driving the dealer plate is the cops back off you and leave you alone. Its weird. My Dad is at his Condo in SoCal for the winter and I was just up there when he bought a '06 m5. That thing is sick, driving with the paddle shifter is cool and the sound of a v10 makes you want to turn the radio down instead of up.

[Bonds 25]

I'm payin an outrageous $300 a month. I'm drivin on a dealear plate and I'm paying the insurance and personal usage taxes. Its because of my age mostly (19 and yeah I pay for my own car and run my own company, sorry I was just a little angry about some posts I saw here that stereotype my age group). Then I have 9 or 10 points on my license in NY for stupid stuff like dumb tint tickets with my old '99 infiniti g20 which only had 35%.

One thing I have noticed about driving the dealer plate is the cops back off you and leave you alone. Its weird. My Dad is at his Condo in SoCal for the winter and I was just up there when he bought a '06 m5. That thing is sick, driving with the paddle shifter is cool and the sound of a v10 makes you want to turn the radio down instead of up.
Points for tint? I got 3 tint tickets in NY and they resulted in no points. I basically paid the fine to keep my tint because I refuse to take it off.

[Bandit335]

Points for tint? I got 3 tint tickets in NY and they resulted in no points. I basically paid the fine to keep my tint because I refuse to take it off.

Next time you visit your doctor ask him or her to write you a note stating that you need tinted windows for medical reasons and that will solve your tint tickets for good.

[Bonds 25]

Next time you visit your doctor ask him or her to write you a note stating that you need tinted windows for medical reasons and that will solve your tint tickets for good.
I live in Washington State now, 35% all around is legal. I have 20% and my tint guy says he dosnt know of 1 person who got a tint ticket for 20%. New York is the worst state ive been to as far as tint goes, actually New York sucks all around.

[M Wringer]

Full coverage on all three with the Corvette having a stated value of $50K for loss:$2200 a year with State Farm. After a ticket from two years ago is off the record, all the rates will drop.

[HK_M3]

I have a 2007 335 and I pay $1600 a year full coverage, 250 deductibles...Amica

[eisenb11]

2008 328 E93, full coverage, $500 ded, in the los angeles area. No accidents or points. $633/6 mo with USAA.

[roller84]

$2900/year. 1 speeding ticket, 24 years old. Statefarm.

[atc1949]

My premiums are $86Cdn per month with $500 deductible. I can expect that to go up since I had my first accident since 1972 on Dec.23. The damage looks rather minor but the quote is $9,900.00 Cdn.

http://img.photobucket.com/albums/v304/atcockle/BMW001.jpg

[mryakan]

My premiums are $86Cdn per month with $500 deductible. I can expect that to go up since I had my first accident since 1972 on Dec.23. The damage looks rather minor but the quote is $9,900.00 Cdn.

http://img.photobucket.com/albums/v304/atcockle/BMW001.jpg
Ouch, sorry for that, but I can see how the cost can run up, there are many things that will need to be replaced (hood, lights, bumper, ...). No structural damage though?
86 seems about right for that deductible, I am not that far off with 0 deductible. I assume you don't have 1st accident forgiveness, it is worth the extra 5$ or so per month.

[Jhunter]

$0 deductible mryakan? Have you got it quoted with a deductible? Unless you are running into things pretty often I think you are better off in the long run with at least a $250 if not $500 deductible. I have about 20 years paying my own insurance premiums and I have paid two deductibles for a total of $1,000. I have saved a lot more in premiums over that time.

atc1949, one claim does not necessarily make your premiums go up. It depends on the quality of the insurance company you are with, the length you have been with them and your history.

[mryakan]

$0 deductible mryakan? Have you got it quoted with a deductible? Unless you are running into things pretty often I think you are better off in the long run with at least a $250 if not $500 deductible. I have about 20 years paying my own insurance premiums and I have paid two deductibles for a total of $1,000. I have saved a lot more in premiums over that time.


Yes 0. The difference was somewhere between 5 and 10 dollars a months, I can't remember exactly, but 6$ rings a bell. I did the math, they just replaced my windshield last spring, so even for a 250$ deductible, at 6$ a month, it would take me 40 months to be behind, and my lease is only 39 months, so I am already ahead :D.



atc1949, one claim does not necessarily make your premiums go up. It depends on the quality of the insurance company you are with, the length you have been with them and your history.
True, my brother had an accident with a POS car in my name and they didn't increase my premium although it cost them 3K to repair for the other party. I don't know if not claiming anything on my car helped, I junked that POS.

[Jhunter]

Yes 0. The difference was somewhere between 5 and 10 dollars a months, I can't remember exactly, but 6$ rings a bell. I did the math, they just replaced my windshield last spring, so even for a 250$ deductible, at 6$ a month, it would take me 40 months to be behind, and my lease is only 39 months, so I am already ahead :D.

Maybe its different up north. I have not looked at it in years but I remember the difference between $250 and $500 being more than $100 per year. Not even sure US companies will do less than $250.

[mryakan]

Maybe its different up north. I have not looked at it in years but I remember the difference between $250 and $500 being more than $100 per year. Not even sure US companies will do less than $250.
Could be different here. I couldn't get below 500$ on my e36, I was surprised too when they told me I could get 0 and how low the difference was.