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      01-11-2017, 12:22 AM   #45
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Originally Posted by Tralfaz View Post
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Originally Posted by omasou View Post
I learned something today, I have never heard of uninsured paying for collision. Seems some insurances in some states will use it to recoup for hit and run.

Of course talk w/your agent b/c this is just some guy on the Internet but it does discuss a lot of scenarios.
As much as I hate effectively paying for other peoples insurance, it's most likely been a bigger benefit than liability for me. Since I moved to Texas I've been hit 5 times, 3 by uninsured or hit and run motorists. My wife was also hit by a hit and run. Unfortunately the police will not help with hit and run accidents (and usually that driver is uninsured) so you're just stuck getting those repaired yourself.

The one time I was hit by a driver for more than just minor damage that did have insurance, I had to get Amica to pay to repair it and bill his insurance because they were so horrible.
When I moved to Texas I heard a stat that around 28 % of drivers are uninsured. It's one of the highest in the nation. Border states typically have higher numbers of uninsured motorists.

Uninsured motorist coverage can really be of benefit in some states.
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      01-11-2017, 12:27 AM   #46
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Originally Posted by M3 Adjuster View Post
It's not like it has nearly 370hp or something and there aren't videos of M cars hopping curbs ...
I drive like a dickhead so I'm not complaining. I just don't know how my insurance company knows. I never get ticketed/in accidents.

Edit: Just noticed your name is relevant. Do you think its because I carry pretty high insurance limits? Do insurers think people with high levels of coverage are planning on wrecking some shit?
It's totally a stealth nickname ...
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      01-11-2017, 12:30 AM   #47
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Originally Posted by nopslide View Post
Yea I got hosed on my M2 insurance w/ amica too. I always have higher rates than anyone I speak to though. No tickets, no accidents, good credit. I just assume the insurers know something I don't. I'm 30 too, so its not like I'm young/high risk.
Yes .. it Sounds like you have better coverage than every one you speak to ...

There's no use comparing figures unless you start with making sure the policy limits and coverages are the same. Aside from that .. rates can very widely within a state and from state to state.. so your best comparison would be with someone that lives in the same county that you do.

Aside from what coverages you have , what amount of limits you have , other variables like how far you drive to work, whether the vehicle is classified as business or pleasure, whether or not it's garaged or not , and of course..Your driving history ... all cause variations in rates.

All in all .. most BMWs get a little bit of a pass from insurance companies. What car do we say is killing the M2 and M4 right now. The camaro 1LE and Mustang R. Want some sticker shock.. ? call your agent and see how adding one of those would change your policy.

Anyone that thinks their M2 rates are high will likely re-think that after doing so. And the little extra letters like SS and ZL just make the rates go ...
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      04-05-2017, 05:04 PM   #48
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Sorry to resurrect this thread.

My agent sent me a new policy for '17 with liberty mutual. $166 month! No accident. Nearly 40. FULL policy, not cut rate. In Texas. This is exactly 100% more than my more expensive Tahoe, but I was told it is BC more expensive to fix. It all comes down to "collision coverage", otherwise it is the same rate as my other car.

Is this a huge ripoff?? 2k per year.
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      04-05-2017, 05:25 PM   #49
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I was told 1500 by USAA. Live in NY.
I thought that was too high and have been shopping g around.
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      04-05-2017, 08:34 PM   #50
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I was paying $500 a year for my 2013 F30 335. The M2 doubled my rate. I'm with Safeco.
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      04-05-2017, 09:48 PM   #51
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Spending $15/mo more than with my 335 with the same coverage with USAA.
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      04-05-2017, 10:45 PM   #52
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I'm getting hammered at 2600 for the year. 25 years old, riverside county, 100/300 coverage and no accidents or tickets. WTF.
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      04-05-2017, 10:57 PM   #53
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Originally Posted by doug_999 View Post
So I thought I had read that many people were getting really good insurance rates on their M2? Apparently not with State Farm! My $55K M2 is about 1/2 of the cost of my former 650GCxi and yet, the insurance is MORE!

Wow - blown away.

And yes, I know there is a lot more to insurance premiums than the cost of the car - but wow! (did I say that already? )

PS - I'm in my 40s on top of it! (maybe that is the issue, old guys should not own this car? )
Funniest thing on my 16' M3 State Farm for a 24 year old was the lowest quote I got... 1000 give or take I can't remember 6 months and 15k Miles coverage.

I wouldn't settle for less with insurance I paid 1600 for Farmers with OEM coverage written in my policy. Wanted Liberty Mutual aka the same insurance BMW uses but they where 2k..

Watch out for these cut rate insurance companies when it comes down repair they will try aftermarket parts... not good enough for our cars.
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      04-06-2017, 01:40 AM   #54
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My M2 is cheaper to insure than my E92 M3 in the UK.
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      04-06-2017, 05:34 AM   #55
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The ConsumerReports review (last updated September 2016) is quite good at reviewing companies, pricing, and coverage:
http://www.consumerreports.org/cro/c...e/buying-guide

You don't want to be penny wise and pound foolish. I have Allstate with an umbrella. In Florida, we have a lot of uninsured drivers and accident attorney billboards advertising car accident settlements like lottery winnings. Also, an important factor for me with Allstate is new car replacement since I purchase rather than lease.
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      04-06-2017, 06:24 AM   #56
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With Allstate, I'll go up about $300/year verses my current 2004 M3. I didn't think that was too bad.
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      04-06-2017, 12:15 PM   #57
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I pay $11 more a month for my brand new M2 than I do for my 15 year old 330ci. In my 30's with a clean record. RBC Insurance.
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      04-06-2017, 12:36 PM   #58
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Did you get the Executive Package?
You may want to double-check with your agent if the extra safety 'nannies' https://www.bmwusa.com/byo.html#!/bu...kages/dbiz0j0j are factored in.
My agent told me the VIN number tells them all they need to know about the features.
If you garage the car during the winter, you can check if they offer a discount (mine does, but it has to be 3 months).
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      04-06-2017, 01:17 PM   #59
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littleoldman Have you found anything? I'm also from NY and currently searching for an insurance carrier as well!
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      04-06-2017, 02:59 PM   #60
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Originally Posted by lazyd0c View Post
littleoldman Have you found anything? I'm also from NY and currently searching for an insurance carrier as well!
I got my quote for my M2 from Geico and they quoted me $226 full coverage. I live in NYC. I think it's great comparing them to all the others. The cheapest one after that was $310 which was All-state. I'm 30 going to 31.
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      04-06-2017, 03:01 PM   #61
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wow - is that per 6 months?
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      04-06-2017, 03:03 PM   #62
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wow - is that per 6 months?
lol I wish! it's per month.

But that is the best rate by far.
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      04-06-2017, 03:06 PM   #63
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USAA quoted me 1500/yr - might be the best I have found
Live in Westchester county. NY
I think my age helps plus no accidents or speeding tickets.

Last edited by littleoldman; 04-06-2017 at 06:38 PM..
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      04-06-2017, 03:10 PM   #64
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USAA quoted me 1500 - might be the best I have found
Where do you live?

My quote breaks down to $1,356 per 6 months.
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      04-06-2017, 03:32 PM   #65
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Quote:
Originally Posted by ///M2NYC15 View Post
Quote:
Originally Posted by lazyd0c View Post
littleoldman Have you found anything? I'm also from NY and currently searching for an insurance carrier as well!
I got my quote for my M2 from Geico and they quoted me $226 full coverage. I live in NYC. I think it's great comparing them to all the others. The cheapest one after that was $310 which was All-state. I'm 30 going to 31.
Do you have experience with either geico or all state before? For me at least, I'm also factoring ease of claims/communication with the company and customer service, aside from going with the lowest rate so to speak. I'm 29 so we're probably in the same bracket lol...
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      04-06-2017, 05:06 PM   #66
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Hmm, I'm with Amica and it's only slightly more than my truck with max limits and lowish deductibles. My annual mileage is pretty low if that helps, and I live in a rural area, but I'm still young'ish. About $700 a year for the M2.
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