Gus 5 Report post Posted December 22, 2004 what are people paying for M325 insurance? not that keen to payt $2k+ a year or so....and who through? i know its been done before but im special...i need my own insurance thread....any replies helpful Quote Share this post Link to post Share on other sites
bimmer boy 21 Report post Posted December 22, 2004 no one would cover me with my 320i then again being only 17 and on my learners doesnt help maybe go to a smaller type insurance company Quote Share this post Link to post Share on other sites
EeK 0 Report post Posted December 22, 2004 if you're having trouble it's often a good idea to check out the company [or broker] that your parents insure with? some companies may consider insuring a vehicle where the driver or car doesn't fit their standard underwriting criteria as accomodation business, if your parents have all their insurances with them and are valued customers etc... Quote Share this post Link to post Share on other sites
Gus 5 Report post Posted December 22, 2004 that is with them! Westpac, underwritten by lumley...i might try otherplaces, or else try insure for lower value...ellie u work in insurance? if you insure for a certain value, if you crash do you get paid that value or a book value? Quote Share this post Link to post Share on other sites
hybrid 1043 Report post Posted December 22, 2004 the 330 costs 2500 per year through AMI ... and im 27 Quote Share this post Link to post Share on other sites
CADMAX 0 Report post Posted December 22, 2004 (edited) I can get it for about $1800 per year for a 328. But I’m 22 and have my truck licence’s + road pilots + recovery. Edited December 22, 2004 by CADMAX Quote Share this post Link to post Share on other sites
aliluya 0 Report post Posted December 22, 2004 I belive at the moment it must be around $1500 insuring for $61K ... But the excess is a killer .. around $5000 .. Quote Share this post Link to post Share on other sites
BMA 0 Report post Posted December 22, 2004 u guys spend a lot of money on insurance hah why not just have a race car and sh*t daily driver, save money hah and have the best of both worlds go third party with fire and theft, just keep it for the black day when u hit a lambo or something Quote Share this post Link to post Share on other sites
cage 0 Report post Posted December 22, 2004 I pay 400 for mine Quote Share this post Link to post Share on other sites
cainchapman 0 Report post Posted December 22, 2004 Bloody hell. Those are all expensive. $800p.a. for the 540is and a $250 excess. With the AA. Quote Share this post Link to post Share on other sites
Juzzie Wuzzie 0 Report post Posted December 22, 2004 $65 a month for the M3 - just for fire and theft - not even to take it on the road! Yes, I can multiply $65 x 12 = lots for a stationary object! Quote Share this post Link to post Share on other sites
Grant 4 Report post Posted December 22, 2004 Bloody hell. Those are all expensive. $800p.a. for the 540is and a $250 excess. With the AA. CainOur age may have something to do with our lower premiums, I pay stuff all for my car either. Cheers Quote Share this post Link to post Share on other sites
*sic 1 Report post Posted December 22, 2004 damn insurance co's wont touch me with a 50 foot pole. bastids. look at andys comments in the other thread about insurance he recommmends "Insure Direct" (by Inbroke Corp) 0800 505 885 never know or pioneer insurance? somewhere in nelson or some sh*t... hmm ill try find out. Quote Share this post Link to post Share on other sites
m325i 709 Report post Posted December 22, 2004 Some of you guys are getting swindled. I used to pay $1500 pa for a turbo mazda, and i had had claims, (NZ auto club) I was paying $450pa, then i claimed, now its $800 pa. Thats for full cover. AMI i think, (through a broker). I had no trouble at all insuring the BMW. Try insuring a sub, or an evo. That's a real fun exercise, fool. Quote Share this post Link to post Share on other sites
EeK 0 Report post Posted December 23, 2004 that is with them! Westpac, underwritten by lumley...i might try otherplaces, or else try insure for lower value...ellie u work in insurance? if you insure for a certain value, if you crash do you get paid that value or a book value?depends on the type of policy you get - agreed value, premiums are generally a bit higher but you know the amount that you are insured for is the amount you'll get paid if you have a total loss, and then there's market value, where you get paid the market value of the vehicle immediately prior to the time of loss [or the amount your car is insured for, whichever is the lesser]. market value is ok provided you keep you policy up to date with the correct value, so you're not paying premiums based on an amount you're never going to get if you have a loss.check with the company that you end up insuring with as to what kind of policy they're offering you tho... some don't do agreed value at all. that's my understanding anyway - i don't work in claims tho Quote Share this post Link to post Share on other sites
shadowninja 0 Report post Posted December 23, 2004 How old are you Gus, and what is your driving history (speeding tickets, fines, and accidents)? I used to work claims, and still work in financial services. Ellie is spot on in her description of the covers. BTW some companies won't offer "agreed value" covers unless you supply a written vehicle valuation (at your own cost). Looking at what companies pay in claims for under-25 males its amazing they can get cover at all (much less those with a substandard history). Quote Share this post Link to post Share on other sites
Guest Andrew Report post Posted December 23, 2004 Insure Direct might insure you gus - we essential have the same car in thier eyes (allthough mine has a lot more "modifications" and yours has "factory modifications" which make a diff). They would not insure me if I had any speeding tickets though. Quote Share this post Link to post Share on other sites
hybrid 1043 Report post Posted December 23, 2004 yeah .. I dont have a no claims bonus + the vehicle is worth over 50k, so with full cover and all options (free car rental and accomadation blah blah blah) it sits around that ... I have shopped around. AA wouldn't insure me (even tho I have been with them three times before and even for the old e36) sooo .. I was talking to several people about this.. and basically if you own a car of a certain value at a certain age bracket .. your fuxored. I have a friend who has just bought a DB9 .. hes 32 and the car is worth around 350k .. imagine one could only what his insurance is worth :/ Quote Share this post Link to post Share on other sites
aliluya 0 Report post Posted December 23, 2004 Dads car was 250K and his insurance is about the same as mine .. and his excess is 1% value of the car .. Quote Share this post Link to post Share on other sites
CADMAX 0 Report post Posted December 24, 2004 Well when I insure a car I do it for every thing (the lot). thats why it cost so much. Quote Share this post Link to post Share on other sites
Gus 5 Report post Posted December 24, 2004 ill talk to insure direct...im 19 and got an $80 ticket for 115 about 3 weeks ago...and one yesterday but i am going to seriously argue that one as the speed limit sign was covered, so had no way of knowing it was an 80 and not 100 (on open road so i presumed), and wrote a car off when i was 16 (yes, over the value of 10k) at the mo insured 3rd party Only, which is gay, but better than nothing....gonna look at changing it in the new year as im not driving over new years for comprehensive Quote Share this post Link to post Share on other sites
shadowninja 0 Report post Posted December 24, 2004 Soz Gus, based on that Resume I don't think many insurers would provide you with full cover, especially not for a 'performance' european car... not without charging a third of the value of the car in premiums with a hefty excess to boot. In which case you have to wonder whether its worth it. Say $6k car, $2k premium, $2k excess... you'd only get $2k back if it fell off the road in the first year. Merry Xmas. Quote Share this post Link to post Share on other sites
Gus 5 Report post Posted December 24, 2004 yeah i thought as much.....haha i am the devil! merry xmas Quote Share this post Link to post Share on other sites