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      01-20-2018, 02:16 AM   #1
terrywang
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Post Comprehensive Insurance

Hi all Aussie M2 owners,

Which company do you insure your beloved M2 with?

With the X3 (F25 LCI) I used to insure it with NRMA, the comprehensive is only 685/y (not sure why, any other insurers's price is higher).

For the M2, I've tried many, the lowest I can find is Bingle (1500-ish - currently covered by it but soon to change), but my mechanic friend said it's cray, try to use GIO or QBE (no way - too expen$ive).

GIO, Coles Insurance (and some other companies) did not even offer online quote.

Just want to know your insurers and do some shopping-around.

TIA
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      01-20-2018, 11:15 PM   #2
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I have 3 cars in the family all insured with Shannons, the M2 is not my daily so is insured for limited use only.
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      01-23-2018, 09:20 AM   #3
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I just played with the online quote on budget direct after seeing the commercial. Far out, itís half the price (1300) of GIO which was the cheapest quote I found previously!
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      01-23-2018, 03:11 PM   #4
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Quote:
Originally Posted by WAY View Post
I just played with the online quote on budget direct after seeing the commercial. Far out, itís half the price (1300) of GIO which was the cheapest quote I found previously!
Thanks, I was about to try Budge Direct as well. However, would it be able to fix the M2 properly in case of an accident, this is a concern. Could be even worse than Bingle.

For GIO, if I increase the excess to 3200 the premium is 14xx lol
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      01-24-2018, 02:38 AM   #5
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Budget Direct seems to be OK, will go with it for now.
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      01-24-2018, 04:29 PM   #6
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Quote:
Originally Posted by terrywang View Post
Budget Direct seems to be OK, will go with it for now.
What is the situation with repairers? You get to choose your own? Or they just go with the cheapest? So they offer new for old replacement within the first two years? Just sound too cheap to be true haha
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      01-24-2018, 07:32 PM   #7
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Hey Terry,

Just swapped my insurance from the old car to the M2, $85.11 a month with NRMA! I do have several years with them and multi policy discount but was very happy with the price! That's with a $300 excess, insured at market value, windscreen option and hire car if it needs to get repaired.
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      01-24-2018, 08:42 PM   #8
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Quote:
Originally Posted by Kemmyn View Post
Hey Terry,

Just swapped my insurance from the old car to the M2, $85.11 a month with NRMA! I do have several years with them and multi policy discount but was very happy with the price! That's with a $300 excess, insured at market value, windscreen option and hire car if it needs to get repaired.
Sounds too good.

My X3 20d xDrive with M Sport Package was with NRMA, the yearly premium was 685/y when I cancelled it. The quote NRMA gave me for the M2 was like 2400 or more. Ridiculous.
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      01-24-2018, 09:10 PM   #9
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it does but i'm not complaining to them about it!
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      01-24-2018, 10:47 PM   #10
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Quote:
Originally Posted by Kemmyn View Post
it does but i'm not complaining to them about it!
You must be a very good driver, m8 ;-)
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      01-24-2018, 11:33 PM   #11
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Went with GIO Platinum.. Found Budget had too many loose ends in regards to new for old replacement. By the time you add new for old and windscreen and hire car, and similar excess, it was only 200 cheaper than GIO..
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      01-25-2018, 02:41 AM   #12
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Thanks for the input zuzu. Mine is pre-owned so New for Old doesn't apply anyway.
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      02-10-2018, 02:58 AM   #13
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Quote:
Originally Posted by Prodigy. View Post
I have 3 cars in the family all insured with Shannons, the M2 is not my daily so is insured for limited use only.
So i only drive on the weekend as i live close to the city, how much differnece does limited use make?
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      02-10-2018, 07:46 PM   #14
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Quote:
Originally Posted by Who? View Post
So i only drive on the weekend as i live close to the city, how much differnece does limited use make?
It's going to vary I'm sure depending on the insurer but i think I'm saving around $600 pa.
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      03-05-2018, 01:27 AM   #15
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How old are you? I'm 34 and insured with RACV for about $1400. I choose the repairer.
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      03-05-2018, 03:34 AM   #16
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Quote:
Originally Posted by atlas View Post
How old are you? I'm 34 and insured with RACV for about $1400. I choose the repairer.
Very close mate, but we don't have RACV in NSW ;-(
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      03-05-2018, 03:53 AM   #17
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Quote:
Originally Posted by terrywang View Post
Very close mate, but we don't have RACV in NSW ;-(
We can insure with NRMA so Iím pretty sure you can insure with RACV too!
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      03-05-2018, 05:18 AM   #18
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went with racq 29yo for $1500 per year

my original insurer allianz didn't want to insure me cause i had an at fault accident a little less than a year ago, and this is a 'high powered' car..
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      03-05-2018, 04:08 PM   #19
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Quote:
Originally Posted by WAY View Post
We can insure with NRMA so Iím pretty sure you can insure with RACV too!
I remember after I put the address, it doesn't allow me to proceed as it's a non-Victoria address.
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      03-09-2018, 02:14 AM   #20
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Quote:
Originally Posted by nick_stp View Post
I remember after I put the address, it doesn't allow me to proceed as it's a non-Victoria address.
Quote will fail to proceed once you input non-Vic address.
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      03-09-2018, 03:46 AM   #21
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Quote:
Originally Posted by terrywang View Post
Quote:
Originally Posted by nick_stp View Post
I remember after I put the address, it doesn't allow me to proceed as it's a non-Victoria address.
Quote will fail to proceed once you input non-Vic address.
Yes, it asks me to call the customer service to discuss though, not sure if they'll actually insure a non-Vic address vehicle.
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      05-21-2018, 08:12 AM   #22
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Quote:
Originally Posted by Who? View Post
went with racq 29yo for $1500 per year

my original insurer allianz didn't want to insure me cause i had an at fault accident a little less than a year ago, and this is a 'high powered' car..
I got quotes circa 4k in nsw ... It's been difficult finding a decent insurer!
Can't believe the difference, and I got max ncp too lol
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