Why is my insurance quote so high?

[exmowner]

For a canadian comparison, I'm 27 in a e92 m3 paying 256$/monthly. Lost my licence twice due to speeding tickets so I think it's an ok deal.

[metro44m3]

Got to go with geico for young guys.

[WingZeroX5]

Originally Posted by passing

pics of your dec page, now.

unless you drive a 1985 nissan sentra with liability only, you arent paying 600 a year.

Unless you're my insurance agent, you're not qualified to judge how much I should pay / year

i have 3 cars under my name, 2011 M3/128, and a 2006 civic sedan. So yeah, the M3 costs just under 600 with 1k deductibles.

If i were to drive a 1985 nissan sentra with liability only, i should be paying less than 100/year.

Originally Posted by Kong Sheng Han

He must be under his parents' names.

I'm active duty mil, married, have a single family home w/mortgage, so no, i dont live under my parent's roof, but you probably still do.

Oh yeah and I have an 07 600RR @ $120? / year with comp only...so that should bring my annual insurance for all my vehicles at about ~1100. You want a snapshot of that too?
Since the 128i is in storage because my wife isn't driving it, factor that out and my annual should be close to 1400.

Pic with my PII removed.

[Someone?]

My 2011 M3 insurance is $151 per month, age has A lot to do with it, and how do you have a M at 23,lol

[tokic_o]

Originally Posted by exmowner

For a canadian comparison, I'm 27 in a e92 m3 paying 256$/monthly. Lost my licence twice due to speeding tickets so I think it's an ok deal.

For another closer canadian comparison, I'm also 23 in a e92 m3 paying $290/month. I also have 1 at fault accident (will be off my record by end of the year though...immature 17 year old me ) but no tickets.

I'm in Toronto though, and I believe the insurance rates here are among the highest

[Eau Rouge]

As others noted, your age, driving record are causal, but once married and older the insurance price will be friendlier. Of course, you can always get married now to make the insurance quotes seem relatively cheap.

[DopeM3]

I'm 22 & I pay 1,851 for my M and my honda accord. 1k deductibles on both.

Seems a bit high OP. Go through EVERY single company that provides auto insurance in your state. I know it's a pain but that could save you hundreds or even thousands a year.

Good luck

[Kong Sheng Han]

[/QUOTE]I'm active duty mil, married, have a single family home w/mortgage, so no, i dont live under my parent's roof, but you probably still do.

Oh yeah and I have an 07 600RR @ $120? / year with comp only...so that should bring my annual insurance for all my vehicles at about ~1100. You want a snapshot of that too?
Since the 128i is in storage because my wife isn't driving it, factor that out and my annual should be close to 1400.

Pic with my PII removed.
[/QUOTE]
Sorry about my comment. I was just joking.

[BigTasty]

As many have said, your premium is probably being driven primarily by the fact that you're 23, have a speeding ticket, and an 'at fault' accident. Take a look at your coverage limits too, and what your deductable is.

As a guage, I'm 25 with two cars on my policy; 1995 Jeep and the 2013 M. I pay about $1125 for the year with a clean driving record.

[Antonio1988]

I'm 24 and pay $260/month for my 2012 M3 and my fiancees 2013 CTS coupe. We both have full coverage and $1k deductibles.

All through Esurance

[Grail05]

age and accident...

[Antonio1988]

Originally Posted by Sean05

age and accident...

I have two accidents and am only a year older

I'm telling you, go with Esurance. I'm saving a $hit ton of money with them and they paid out when I needed them to

[PurM3]

Try geico I got the best rate from them

[Z K]

I live in SF (San Francisco) like the OP and I pay $1100 a year for full coverage on the M3 through Wawanesa. Geico, esurance, progressive etc. are higher at $1500 a year.

I am over 30 and no accidents or tickets. So location is a part of it but mostly your age and driving history.

[NSE92M3]

So far nationwide is the lowest at $350. Esurance was giving the quotes I mentioned in the OP.

[happos2]

There are a lot of Sub 25 year olds with E9x M3s (2011+). Man I started out in the wrong business when I was younger!

[Stev3]

Originally Posted by Robz26

23 + speeding + accident. You answered your own question.

Honestly assess how likely you are to get into an accident after you get this car. I think those quotes are fairly priced.

This

[i001947]

Originally Posted by NSE92M3

I'm in the market for a 2011 E92 M3. I've checked several quotes online and they're all around $5-600/month. I have one speeding ticket from 2011 and a rear end accident this month and I'm 23. Does this seem about right?

I hate to tell you what the insurance companies are trying to tell you politely. But you need to hear it anyways.

You are young, you are reckless and at risk of killing yourself if you get a M.

[i001947]

Originally Posted by i001947

I hate to tell you what the insurance companies are trying to tell you politely. But you need to hear it anyways.

You are young, you are reckless and at risk of killing yourself if you get a M.

Oh yeah, clueless and in denial

Seriously, you are not ready for a M. Try living in the slow lane and learn to appreciate life (even if it's not your own). The last thing I would want for you is to read about you wrecking a M and killing somebody, other than yourself because you haven't matured behind the wheel.

Just trying to show you some love.

[NSE92M3]

Originally Posted by i001947

Oh yeah, clueless and in denial

Seriously, you are not ready for a M. Try living in the slow lane and learn to appreciate life (even if it's not your own). The last thing I would want for you is to read about you wrecking a M and killing somebody, other than yourself because you haven't matured behind the wheel.

Just trying to show you some love.

I'm coming from a 500hp+ AMG and I've been driving for almost 8 years now. So no, this isn't my first high-performance car, and the rear-end was at 20mph in traffic. I've been to several HPDE sessions and track days.

I'm not trying to justify anything, but you shouldn't be jumping to conclusions.

[Koldun]

Geico quoted me under $94/mo, I'd give them a try. Everyone else was $40-50 more.

[Robz26]

For what it's worth, I pay $140/mo with GEICO at 26 y/o, clean record, but New York City (+$$$).

When I was shopping for insurance when I was under 25, I found GEICO to be the cheapest by far.

Rob