I am right about to buy a 325 for a great price around where i live and was wondering how much it will cost to get insurance for a E36 and a 17 year old. I know that there are a lot of factors becasue i have sent out for some quotes, but what would be a ballpark figure. My friend is 16 and has an Audi A4 and pays 1300 a year which i thought was pretty good but I may be wrong. Let me know what you pay and what your age is. thanks,
Uhhhhhhhhhh.... There are 5 million and one factors in computing your insurance costs, but.... You are going to want to get insurance w/ your parents. A cosign type deal would be hell of alot less expensive. Anyway, to give you an idea (that probably will do you no good) my insurance rate per year is just about 3,000.
note: allstate full coverage, The car and insurance are under my name, I am 21 driving a 1996 328is, I just got in an accident--> DO GET GOOD INSURANCE
17 with a 325, I doubt you'd even get insured on that over here. Certainly wouldn't be cheap. I wanted an M3 and at 22 my quote was £3500 (probably about $6500!!). So for now I just have the 325i which costs me £1200 TPFT. But as chr328is said, get good insurance. I wasn't fully covered then had a little prang, now I gotta find the money myself to fix the car. Not really worth it.
It depends a lot not just on whether you live in the US or Canada, but what region. I live in PA and pay about $125 a month (I'm 19, have a 323is, on my mom's ins. with good student discount or whatever it's called) but my friend lives in Mass. and pays $400 a month for his '96 or so Toyota station wagon, so it varies a lot. But in Mass. it doesn't vary much by car, so you have to check out the variables where you live and what kind of impact they will have on what kind of car you get.
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