How much to insure?

[bimmer boy 21]

Im just wondering, lets say you just aquired a new car, well under its market value. How much would you insure it for?

Its a 2000 E46 330i Sedan, Auto, Forest Green, Cream leather interior, One lady owner, 79k, NZ New.

In all round excellent condition

Thanks

Ryan

[Mark 178]

Insure it for market value... chances are you won't find a replacement car for under market value if it gets nicked and you'll be out of pocket.

[bimmer boy 21]

Thats what I'm asking..

What would you consider its market value, the aquisition price would be no where near it!

[wild_weston 0]

Somewhere between 16 and 19 at a guess. You could go higher (if you went to dealer prices).

[bimmer boy 21]

Somewhere between 16 and 19 at a guess. You could go higher (if you went to dealer prices).

Cheers, Yeah my stab in the dark was 17 - 20k

[Mark 178]

Cheers, Yeah my stab in the dark was 17 - 20k

Don't you work at a BMW dealership? Just get a written valuation from them to give to your insurance company.

[bimmer boy 21]

Haha oh yeah, perhaps I'll do that. Only really needed a rough idea from an unbiased crowed who would give a honest opinion of its value. If I asked at work they would just give the price its worth to them which will be a wholesale price.

[martyyn 2]

Only really needed a rough idea from an unbiased crowed who would give a honest opinion of its value.

Hmmmm bimmersport.....an unbiased crowd.....honest opinions of value....are you sure your in the right place

[bimmer boy 21]

Well a genral public idea from people who would have a idea of what they are worth

[OLLIE 26]

i think you should sell it cheap to Tony as some idiot wrote his one off on Monday. A manual swap from the wreck could be possible.