Insurance quote

nomoracin · 07-31-2018, 03:45 PM

Yikes...maybe I've never had an "expensive" car before, but I just got quoted $670 per 6 months for my m2c! Hot damn!

Does this sound right?

Honda_bar · 07-31-2018, 03:49 PM

Yes, I called too and got really close to the same.

BlastedBilly · 07-31-2018, 03:56 PM

I got quoted at $1050 for 6 months with a good driving record.
Miami is terrible in more ways than I can count

eeyang92 · 07-31-2018, 04:41 PM

Mine is around $5k a year

Good driving record besides making a claim on my bumper in my old 328i from a rock or something completely wrecking the bottom of it, but I was ruled at fault. In hindsight I should have just paid out of pocket.

BOhio · 07-31-2018, 04:52 PM

It usually pays to shop around (nothing to do with Smokey Robinson, and he probably doesn't have any money worries).

If you're in California, and are a Costco member, try Ameriprise. Also, use online tools to compare rates rather than having to get individual quotes from various companies.

Try combining your auto policy with your homeowners, if applicable.

That's all I got. (We won't know what the new car will cost us until we get a VIN. Fingers crossed, but it can be worrisome. I was surprised that the insurance cost for an Audi S8 was way higher than a Porsche 911 GTS. Ultimately, we passed on both.There are lots of factors, and I'm sure one of them is how much money the insurance companies spend on advertising...)

MartyE12345 · 07-31-2018, 05:12 PM

Quote:

Originally Posted by eeyang92

Mine is around $5k a year

Good driving record besides making a claim on my bumper in my old 328i from a rock or something completely wrecking the bottom of it, but I was ruled at fault. In hindsight I should have just paid out of pocket.

I hope this is a joke, that is insane. I got two quotes one was around 900 a year and the other around 1200 a year. I would give up driving if they wanted that much a year, I paid less than for my new WRX on a monthly basis back in 2014.

GoneIn4Secs · 07-31-2018, 05:15 PM

How old are u guys

MartyE12345 · 07-31-2018, 05:19 PM

Quote:

Originally Posted by GoneIn4Secs

How old are u guys

900 or 1200 a year / Age 30

dmboone25 · 07-31-2018, 05:23 PM

Quote:

Originally Posted by MartyE12345

900 or 1200 a year / Age 30

I think I am right around 1K a year...it comes out automatically, so I might not have the best idea to be honest.

aftercompletion · 07-31-2018, 05:25 PM

Quote:

Originally Posted by nomoracin

Yikes...maybe I've never had an "expensive" car before, but I just got quoted $670 per 6 months for my m2c! Hot damn!

Does this sound right?

I'd say that price sounds pretty standard. You'll hear of significantly lower rates but usually there's a "catch" such as they have a super-high deductible, or they have a friend who works at the insurer, or they have a million+ $ of stuff like boat/house/life also insured with the same provider and are getting VIP status.

COChris · 07-31-2018, 05:31 PM

Quoted $1183 annually to add the M2C to my auto and home policy. I checked online independently and it would be more than double that if not bundled with other cars and a home owners policy.

Nerd Wallet has a nice insurance tool if you're just comparing auto policies against each other.

hellrotm · 07-31-2018, 05:33 PM

This is a regional question, different from state to state. Also age and gender. Hard to make comparisons.

MartyE12345 · 07-31-2018, 05:51 PM

Quote:

Originally Posted by COChris

Quoted $1183 annually to add the M2C to my auto and home policy. I checked online independently and it would be more than double that if not bundled with other cars and a home owners policy.

Nerd Wallet has a nice insurance tool if you're just comparing auto policies against each other.

I got quoted around the same as you, also CO, and bundled a few things. Sounds right.

nomoracin · 07-31-2018, 06:04 PM

Quote:

Originally Posted by GoneIn4Secs

How old are u guys

39 yr old male

$670/6 mo

Virginia

3tekcorps · 08-02-2018, 10:53 AM

Quote:

Originally Posted by eeyang92

Mine is around $5k a year

Good driving record besides making a claim on my bumper in my old 328i from a rock or something completely wrecking the bottom of it, but I was ruled at fault. In hindsight I should have just paid out of pocket.

Wow.. One bumper claim wouldn't cause this!! Have you shopped around? That's insane. I'd request a copy of your driving record to make sure they don't have you confused with somebody that has a REALLY bad record.

Cavpilot2k · 08-02-2018, 11:00 AM

Agreed.
Either you're not telling us something relevant, or something is wrong.
A Bugatti shouldn't cost that much to insure.

Nachtsturm · 08-02-2018, 12:54 PM

When I was 18 my 2 year old 911 was $4,300 a year. So adjust for inflation, I can see how 5k would be possible.

cornercase · 08-02-2018, 01:43 PM

I specifically wanted an OEM parts endorsement and don’t have another car to qualify for classic / collector car insurance (Hagerty, Rally, Grundy), so I ended up with Progressive. AAA and Farmers also offer an OEM parts endorsement, but I found them to be more expensive.

chmura · 08-02-2018, 01:51 PM

The more cars you insure the cheaper your rate will be because your M2 annual mileage will be down.

I expect $80-90 a month for my M2c.

Honda_bar · 08-02-2018, 01:55 PM

^ would have thought the same but I'm 35 clean record m2c would be 3rd car and it was $1300 a year est ~3-4k mileage a year.

David1 · 08-02-2018, 03:22 PM

The M2 has the M tax for insurance. This car is double what my 335 was to insure and the 335 had a higher MSRP than my M2! This is with USAA to but with annual mileage at 2k a year with 4 cars and 4 drivers. It doesn't help though that the youngest driver get rated against the M2.

SD08 · 08-02-2018, 03:43 PM

average in California for this vehicle would be around $650-$800 every 6 months

(With a good record and discounts (multi coverage, multi car, etc))

07-31-2018, 03:45 PM	#1
nomoracin Major 761 Rep 1,015 Posts Drives: Porsche GTS 4.0 Join Date: Jun 2018 Location: Virginia iTrader: (1) Garage List 2022 Porsche GTS 4.0 [0.00]	Insurance quote Yikes...maybe I've never had an "expensive" car before, but I just got quoted $670 per 6 months for my m2c! Hot damn! Does this sound right?
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07-31-2018, 03:49 PM	#2
Honda_bar Private 49 Rep 69 Posts Drives: Hrv accord Join Date: Mar 2018 Location: Socal iTrader: (0)	Yes, I called too and got really close to the same.
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07-31-2018, 03:56 PM	#3
BlastedBilly Enlisted Member 20 Rep 34 Posts Drives: M2C soon! Join Date: Jan 2018 Location: Miami iTrader: (0)	I got quoted at $1050 for 6 months with a good driving record. Miami is terrible in more ways than I can count
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07-31-2018, 04:41 PM	#4
eeyang92 Captain 319 Rep 660 Posts Drives: LBB M2 LCI 6MT Join Date: Oct 2017 Location: CA iTrader: (0)	Mine is around $5k a year Good driving record besides making a claim on my bumper in my old 328i from a rock or something completely wrecking the bottom of it, but I was ruled at fault. In hindsight I should have just paid out of pocket.
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07-31-2018, 04:52 PM	#5
BOhio Private First Class 176 Rep 172 Posts Drives: 2016 X3 35i Join Date: Apr 2018 Location: NH, TX iTrader: (0)	It usually pays to shop around (nothing to do with Smokey Robinson, and he probably doesn't have any money worries). If you're in California, and are a Costco member, try Ameriprise. Also, use online tools to compare rates rather than having to get individual quotes from various companies. Try combining your auto policy with your homeowners, if applicable. That's all I got. (We won't know what the new car will cost us until we get a VIN. Fingers crossed, but it can be worrisome. I was surprised that the insurance cost for an Audi S8 was way higher than a Porsche 911 GTS. Ultimately, we passed on both.There are lots of factors, and I'm sure one of them is how much money the insurance companies spend on advertising...) Last edited by BOhio; 07-31-2018 at 08:23 PM.. Reason: corrected my previously erroneous songwriter reference
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07-31-2018, 05:15 PM	#7
GoneIn4Secs Banned 1287 Rep 1,675 Posts Drives: BSM F87 LCI (DCT) Join Date: Jun 2018 Location: GTA iTrader: (0)	How old are u guys
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07-31-2018, 05:31 PM	#11
COChris Captain 889 Rep 739 Posts Drives: M2C Join Date: Feb 2015 Location: West iTrader: (1)	Quoted $1183 annually to add the M2C to my auto and home policy. I checked online independently and it would be more than double that if not bundled with other cars and a home owners policy. Nerd Wallet has a nice insurance tool if you're just comparing auto policies against each other.
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07-31-2018, 05:33 PM	#12
hellrotm Banned 4143 Rep 6,926 Posts Drives: F80 Join Date: Jul 2007 Location: ...Location...Location iTrader: (0)	This is a regional question, different from state to state. Also age and gender. Hard to make comparisons.
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08-02-2018, 11:00 AM	#16
Cavpilot2k Chief Warrant Officer 1025 Rep 1,638 Posts Drives: like a damn lunatic Join Date: Feb 2012 Location: Boston iTrader: (0)	Agreed. Either you're not telling us something relevant, or something is wrong. A Bugatti shouldn't cost that much to insure. __________________ "Prius" is Latin for Eunuch. "Hrothgar": 2012 135i: 6MT M-Sport, BSM/Blk; Nav, Premium, Convenience, HK Dinan Stage 2 +PPK /// BMW PE /// VRSF CP /// K&N /// Koni Sports /// RSFB Inserts /// MPS4S 225/255 /// Other Stuff
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08-02-2018, 12:54 PM	#17
Nachtsturm New Member 8 Rep 14 Posts Drives: Mini Cooper S / LS460 Join Date: Jun 2018 Location: IL iTrader: (0)	When I was 18 my 2 year old 911 was $4,300 a year. So adjust for inflation, I can see how 5k would be possible.
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08-02-2018, 01:43 PM	#18
cornercase Private First Class 43 Rep 133 Posts Drives: LCI M2 Join Date: Jun 2017 Location: San Francisco iTrader: (0)	I specifically wanted an OEM parts endorsement and don’t have another car to qualify for classic / collector car insurance (Hagerty, Rally, Grundy), so I ended up with Progressive. AAA and Farmers also offer an OEM parts endorsement, but I found them to be more expensive.
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08-02-2018, 01:51 PM	#19
chmura Colonel 1558 Rep 2,505 Posts Drives: 2019 M2 Competition Join Date: Aug 2009 Location: Orange County, California iTrader: (1)	The more cars you insure the cheaper your rate will be because your M2 annual mileage will be down. I expect $80-90 a month for my M2c. __________________ 2019 M2 Competition- October 2, 2018 ED 2011 BMW M3 Sedan Alpine White Picked up via ED 9/27/2011 & Redelivered 11/23/2011 SOLD
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08-02-2018, 01:55 PM	#20
Honda_bar Private 49 Rep 69 Posts Drives: Hrv accord Join Date: Mar 2018 Location: Socal iTrader: (0)	^ would have thought the same but I'm 35 clean record m2c would be 3rd car and it was $1300 a year est ~3-4k mileage a year.
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08-02-2018, 03:22 PM	#21
David1 Brigadier General 814 Rep 3,953 Posts Drives: 09 E92 09 X5 Join Date: Mar 2007 Location: Columbus, OH iTrader: (1)	The M2 has the M tax for insurance. This car is double what my 335 was to insure and the 335 had a higher MSRP than my M2! This is with USAA to but with annual mileage at 2k a year with 4 cars and 4 drivers. It doesn't help though that the youngest driver get rated against the M2. __________________ 2021 M2 Comp Sunset Orange \|Black with orange Stitching Dakota Leather\|Executive Pkg\|DCT
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08-02-2018, 03:43 PM	#22
SD08 Private 41 Rep 80 Posts Drives: '19 M2 comp Join Date: Jul 2018 Location: Bay Area, CA iTrader: (0)	average in California for this vehicle would be around $650-$800 every 6 months (With a good record and discounts (multi coverage, multi car, etc))
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