[mrussell]

Got my insurance renewal today for my 2019 M2c. Yearly policy went from around $1050 to a little over $1400. Most of the increase was in Comprehensive and collision. My wife’s RDX just went up a few percent so something with the M2 caused it to go up more than 30 percent. I can only surmise that insurance companies are looking at the used car prices.

[bearminimum]

My 21 actually went down ~15% from renewal late-August @ Geico

[chmura]

Mine went down too. $496 for 6 months with $500k coverage.

[IcewaterPete]

Insurance rates are going down across the board. Good market returns means lower insurance among other factors...

You need to shop around....

[Steelguin]

Mine went down as well USAA

[mrussell]

I am glad to see everyone’s insurance has gone down. I am with Safeco an am going to question my agent as to what is going on.

[BGR]

Originally Posted by mrussell

I am glad to see everyone’s insurance has gone down. I am with Safeco an am going to question my agent as to what is going on.

We had Safeco and they were literally 2x the cost of Progressive. When I went line by line through exclusions and contract details, the tiny advantage safeco had wasn’t worth the added cost.

[BGR]

Originally Posted by mrussell

I am glad to see everyone’s insurance has gone down. I am with Safeco an am going to question my agent as to what is going on.

And my agent claimed it was the best value out there. So…. Get a quote from progressive outside your agent. I was with my agent for 7 years until I realized he actually provided zero value. It took about 10 hours total to set up all of our vehicles, home, umbrella, etc. but I’m saving about $4k/yr doing it myself.

[fanofbmwe46]

I have Safeco and for two vehicles (2021 X5 and 2021 Jeep) we pay $1170 for 12 months. We have every possible discount though. It was only $400 more when I had my M3 as well.

[Enabled]

It pays to shop around

[keylime503]

Just shop around. Your "agent" is worthless, everything is done online now.

[mrussell]

Thanks everyone for letting me know about their insurance. My agent shopped it around and then Safeco lowered their price by about $675 for my two cars. I’m happy to stay with Safeco as my house is with them too. I had a broken water pipe in my fixed up basement several years ago and they took care of all damages as I have replacement value. My cars also have replacement value and Safeco provides OEM part coverage which not all insurance companies do. Finally, they lowered my deductibles to $300 for being a loyal customer. I have been with this agency for over 30 years and have been very satisfied.

[DanG]

Originally Posted by mrussell

Thanks everyone for letting me know about their insurance. My agent shopped it around and then Safeco lowered their price by about $675 for my two cars. I’m happy to stay with Safeco as my house is with them too. I had a broken water pipe in my fixed up basement several years ago and they took care of all damages as I have replacement value. My cars also have replacement value and Safeco provides OEM part coverage which not all insurance companies do. Finally, they lowered my deductibles to $300 for being a loyal customer. I have been with this agency for over 30 years and have been very satisfied.

Hmm. I had to switch from Safeco because they told me they would not insure a M car. I had been a long time customer with zero claims and zero tickets. I am now with Pemco.

[MMMBRAP]

Mine also went down, because I barely drive the car, no accidents, parking tickets, not so much as a sneeze gone wrong for 10+ years.

[IcewaterPete]

To help those shopping rates. Here is what my renewal was. $500k, $1k deductible, includes $2k of after market bits. $956 for the year.

[Steelguin]

I love having a car that didn't depreciate a ton as soon as I got it. Never had this happen before.

Can literally sell this car for more than I paid for it already. Its crazy

[COChris]

Chiming in here:

$964.50/yr for the M2C. No tickets or accidents. 4 cars total with Amica Insurance, who also have our homeowners insurance.

[mrcheezle19]

It must be shitty CA because I’m 30 with no tickets/accidents, have my home and 2 cars with USAA. The M alone is $1709 for the year. 300k policy 1k deductible.

[keylime503]

Originally Posted by mrcheezle19

It must be shitty CA because I’m 30 with no tickets/accidents, have my home and 2 cars with USAA. The M alone is $1709 for the year. 300k policy 1k deductible.

It's just your shitty insurance. Shop around. The M2C was 50% cheaper for me to insure with Geico than AAA this year. With the same policy limits and coverage.