Killer Insurance - BMW Forum - BimmerWerkz.com
3-Series (E36) Chat relating to the BMW 3-Series from 1992-1999. Autodoodad Specific models include: BMW 316i, BMW 318i, BMW 318iS/ti, BMW 320, BMW 323, BMW 320, BMW 324, BMW 325, BMW 328.

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#1 (permalink) Old 08-12-2004, 01:52 PM
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So I just received a couple insurance quotes for my 325i, so far the lowest is 1800$ for six months. What a killer!!!! Anyone else face high insurance problems or have a better solution???
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#2 (permalink) Old 08-12-2004, 02:00 PM
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how old are you and what kind of a driving record do you have???? Thats a little nuts...I at least hope thats for full coverage. Also, where do you live?

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#3 (permalink) Old 08-12-2004, 02:01 PM
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Sounds harsh, I guess if you are young and it is a 325 then it is justified (in the insurance eyes)

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#4 (permalink) Old 08-12-2004, 02:04 PM
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Im 21, with a perfect driving record and live in PA. I need full coverage because the title is still in the bank's hands.
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#5 (permalink) Old 08-12-2004, 02:07 PM
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2.5l engine and 21 year olds dont blend well.... not in the UK anyway.
Im 27 with a 316i and its still costing me £650 per year.

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#6 (permalink) Old 08-12-2004, 02:19 PM
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e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute e36_m3_Turbo has a reputation beyond repute
damn thats alot for full coverage on a 92 525i, its 311 for me

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#7 (permalink) Old 08-12-2004, 02:20 PM
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I am 20 and just got my first bmw about 3 months ago. I have a clean record no accidents or tickets, nothin. My insurance is through Gieco. I pay $1,600 every 6 months. So depending on your area im asuming that is as close to the best as your going to get.
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#8 (permalink) Old 08-12-2004, 02:21 PM
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yeah i remember when i bought my 95 m3 in 1999, they wanted 250/mo for the insurance, but the funny thing was i had my father buy the car and get insurance in his name and he is also his own allstate insurance agent, i basically got away with murder. 52 bucks a month i had for 4 1/2 years.
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#9 (permalink) Old 08-12-2004, 02:22 PM
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have you tried Geico or Progressive? I would try them in Jersey, but neither work here...I use New Jersey Manufacturer's and I have a pretty bad driving record at 21...and I only pay about $1400 a year for full...I have a lot less HP in my 318i though... ghead

1996 318i
5 Speed Manual

Alpine CDA-7895 Head Unit
12&quot; Alpine Type-R, sealed box
Pioneer 400w amp for $20 at a yard sale (to replace my fried MRV-1507)
Infinity Kappa 4&quot; 2-way speakers(rear)
Infinity Kappa 5.25&quot; component speakers(front)
Debaffled airbox, K&amp;N filter
Tracked Mud on carpets
Shampooed and cleaned carpets
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#10 (permalink) Old 08-12-2004, 02:28 PM
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I just got off the phone with Geico, $1397 for full coverage (6 months). Not as bad as it was, but still not great. Oh well, I'll have to make due...
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#11 (permalink) Old 08-12-2004, 02:29 PM
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Sorry to post two in a row...

But I was thinking, is it possible to get full coverage for when I drive it off of the lot and then drop the insurance to minimum to save money? Even though I realize its not the smartest idea if I get into an accident.
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#12 (permalink) Old 08-12-2004, 04:23 PM
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Your bank will want a card/letter from the insurer stating that it's got comp./coll., and once you remove the insurance, the insurer will most likely contact the lending institution.

Did the lender specify a deductible? If not, see if you can bump it up. There are other options which will reduce you insurance, although not necessarily the best idea, like having minimum limits, etc, although you've prob. already looked into that. It also depends on your zip code. If you live near Philly, a car like that's going to be expensive b/c they're more worried about someone stealing it.

Don't drop the insurance though. I had a car stolen in Philly and you don't want to owe the bank a lot of $$ you can't come up with.
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#13 (permalink) Old 08-12-2004, 04:46 PM
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NO coverage $9 bills 6 mnts, NYC, 92 318I, 22 yrs. Geico.
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#14 (permalink) Old 08-12-2004, 07:04 PM
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damn guyz,,, u sure r paying a heck lot then i m...
23... one accident (89 325 convertible)... one ticket... $1250/year... liability and comprehensive (fire/theft)..
n in jersey with the highest insurance rates...

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#15 (permalink) Old 08-12-2004, 07:57 PM
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i pay about $6000CDN a year for full coverage up to 2 million $'s. that is with no accidents or speeding tickets and i have taken driver training which is supposed to reduce insurance by 30%. i am 20 and have been driving for 4 years.

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