Good Canadian (Toronto Ontario) Insurance Provider 1M

rapter · 02-08-2011, 02:06 PM

I have received an insurance quotation from my insurance broker of $4650.00 per year

for the insurance of the 1m. A more conclusive quotation can be provided if I am able to obtain a VIN number (does anyone have a spare 1m vin number that I can use???? Please submit).

That said, does anyone know of an insurance provider that will give a more competitive price for the vehicle?

My Credentials:
1. 25 Years Old (26 Years old this fall)
2. Live in Toronto (Large city where car theft is higher as well are accidents)
3. No tickets on my record
4. Garage Parked (Private Residence).

Advise please....

BTW, I cannot stand the insurance industry as I feel they are criminals with a license to steal

Simsims · 02-08-2011, 02:08 PM

come to ottawa

Alex_bm · 02-08-2011, 02:25 PM

"26 Years old this fall"...
Maybe insurance company is trying imply it's too soon for you to drive this car

I remember when I was quoted around $6000 for M3 coupe. Recently asked for the same quote, $2450. I am a bit older though.

cchui369 · 02-08-2011, 07:28 PM

Ontario insurance is killer compared to Quebec. I'm 25 at it only costs me $1143 on a Porsche Cayman.

Don't know what it is on a 1M though.

LeifW · 02-08-2011, 07:44 PM

Quote:

Originally Posted by rapter

Advise please....

Get married, have kids and age 20 years. That insurance quote will come down quite a bit. Worked for me.

Leif W.

mattryan · 02-08-2011, 07:51 PM

Quote:

Originally Posted by rapter

I have received an insurance quotation from my insurance broker of $4650.00 per year

for the insurance of the 1m. A more conclusive quotation can be provided if I am able to obtain a VIN number (does anyone have a spare 1m vin number that I can use???? Please submit).

That said, does anyone know of an insurance provider that will give a more competitive price for the vehicle?

My Credentials:
1. 25 Years Old (26 Years old this fall)
2. Live in Toronto (Large city where car theft is higher as well are accidents)
3. No tickets on my record
4. Garage Parked (Private Residence).

Advise please....

BTW, I cannot stand the insurance industry as I feel they are criminals with a license to steal

try http://www.insurancehotline.com/ i got a quote that was almost $2k cheaper then what i'm paying now with better coverage and i get employee rates through my work as we also have an insurance division so i'll be switching as soon as i get my 135

rapter · 02-08-2011, 08:15 PM

Quote:

Originally Posted by mattryan

try http://www.insurancehotline.com/ i got a quote that was almost $2k cheaper then what i'm paying now with better coverage and i get employee rates through my work as we also have an insurance division so i'll be switching as soon as i get my 135

That Rate is really low! Compared to what other companies have suggested to me.

Thanks for the link I hope that I can be insured with these criminals...

mattryan · 02-09-2011, 01:44 PM

Quote:

Originally Posted by rapter

That Rate is really low! Compared to what other companies have suggested to me.

Thanks for the link I hope that I can be insured with these criminals...

yeah insurance in Ontario is BRUTUAL especially if your under 25! at one point i was driving a civic and paying $15k for insurance b/c i had an accident (which the insurance company paid out nothing) and a careless driving ticket (whcih an a**hole cop gave me for burning my tires after he gave me a ticket for speeding 10km's over the limit)

Evolution_GT · 02-09-2011, 08:20 PM

If you're a college/university graduate try TD Monnex... should be much cheaper

Wheelwright · 02-09-2011, 09:35 PM

I recently switched from State Farm to Desjardins General Insurance and I pay $120 instead of $180 per month with better coverage.

mattryan · 02-10-2011, 09:29 AM

Quote:

Originally Posted by Evolution_GT

If you're a college/university graduate try TD Monnex... should be much cheaper

i get employee rates for TD and Motors Insurance Corporation was still almost $2k cheaper

rapter · 02-10-2011, 02:12 PM

Quote:

Originally Posted by mattryan

Quote:

Originally Posted by Evolution_GT

If you're a college/university graduate try TD Monnex... should be much cheaper

i get employee rates for TD and Motors Insurance Corporation was still almost $2k cheaper

How do regular people get employee rates?

Alex_bm · 02-10-2011, 03:39 PM

They marry one

Quote:

Originally Posted by rapter

How do regular people get employee rates?

02-08-2011, 02:06 PM	#1
rapter Lieutenant 71 Rep 485 Posts Drives: 1(M)other f*^#er of a car Join Date: Nov 2010 Location: Canada iTrader: (0)	Good Canadian (Toronto Ontario) Insurance Provider 1M I have received an insurance quotation from my insurance broker of $4650.00 per year for the insurance of the 1m. A more conclusive quotation can be provided if I am able to obtain a VIN number (does anyone have a spare 1m vin number that I can use???? Please submit). That said, does anyone know of an insurance provider that will give a more competitive price for the vehicle? My Credentials: 1. 25 Years Old (26 Years old this fall) 2. Live in Toronto (Large city where car theft is higher as well are accidents) 3. No tickets on my record 4. Garage Parked (Private Residence). Advise please.... BTW, I cannot stand the insurance industry as I feel they are criminals with a license to steal
	Appreciate 0 Tweet Quote

02-08-2011, 02:08 PM	#2
Simsims Captain 37 Rep 615 Posts Drives: 119/220 Join Date: Jul 2009 Location: Ottawa iTrader: (0)	come to ottawa __________________ VO 1M - everything except sunroof RIP BSM 135i 2009-2011
	Appreciate 0 Quote

02-08-2011, 02:25 PM	#3
Alex_bm Major 175 Rep 1,040 Posts Drives: Giulia QV Join Date: Oct 2006 Location: Canada, Toronto iTrader: (1)	"26 Years old this fall"... Maybe insurance company is trying imply it's too soon for you to drive this car I remember when I was quoted around $6000 for M3 coupe. Recently asked for the same quote, $2450. I am a bit older though.
	Appreciate 0 Quote

02-08-2011, 07:28 PM	#4
cchui369 Enlisted Member 7 Rep 40 Posts Drives: 2014 335xi M Performance Ed. Join Date: Oct 2010 Location: Montreal iTrader: (0)	Ontario insurance is killer compared to Quebec. I'm 25 at it only costs me $1143 on a Porsche Cayman. Don't know what it is on a 1M though.
	Appreciate 0 Quote

02-09-2011, 08:20 PM	#9
Evolution_GT Captain 91 Rep 856 Posts Drives: 08A22E93N52 Join Date: Oct 2008 Location: Toronto iTrader: (0)	If you're a college/university graduate try TD Monnex... should be much cheaper __________________
	Appreciate 0 Quote

02-09-2011, 09:35 PM	#10
Wheelwright Captain 463 Rep 779 Posts Drives: M235i (6MT fakerich edition) Join Date: Apr 2008 Location: Canada, Oak Ridges iTrader: (0)	I recently switched from State Farm to Desjardins General Insurance and I pay $120 instead of $180 per month with better coverage.
	Appreciate 0 Quote