Insurance company recommendations

m3peat · 03-25-2015, 05:28 PM

I've been in Socal for 4 years now, so I know insurance is expensive no matter who you use but still looking for a solid insurer at reasonable prices.

I have a clean record, 40+, single male and currently with Liberty Mutual for 5+ years with full lease coverage (100/300/100) with $1k deductibles.

I live in LA but still pay north of $1,400/yr with a low mileage discount. I recently shopped Wawanesa but was only going to save $100-150.

Any other suggestions/experiences?

Thanks in advance

Iceman51sn · 03-25-2015, 09:28 PM

Mercury! They have handled two previous total losses I've had with such professionalism. And what I pay in L.A. with high mileage on the M235i is pretty damn low. I'm still in my 20s and I'm just north of 1k a year.

Liquidpaper · 03-25-2015, 10:24 PM

Quote:

Originally Posted by Iceman51sn

Mercury! They have handled two previous total losses I've had with such professionalism. And what I pay in L.A. with high mileage on the M235i is pretty damn low. I'm still in my 20s and I'm just north of 1k a year.

+1

Just switched to them and I'm paying for more liability coverage, but paying about the same rate as I did for my previous car (GTI).

Also, Liberty Mutual is ridiculously expensive. They quoted me around $1400 too.

m3peat · 03-26-2015, 08:44 PM

Quote:

Originally Posted by Liquidpaper

+1

Just switched to them and I'm paying for more liability coverage, but paying about the same rate as I did for my previous car (GTI).

Also, Liberty Mutual is ridiculously expensive. They quoted me around $1400 too.

Must be where I live b/c Mercury quoted me roughly the same as Liberty Mutual. Kind of frustrating. They were very nice to deal with though. I didn't have my policy in front of me to make sure it was an apples to apples, so unless my memory is way off, the difference is negligible. Ugh

I'll double check when I get back home.

hyperzulu · 03-27-2015, 12:23 PM

I have a clean record and use Amica. Haven't had to use them yet, but they get outstanding reviews and are priced well because they only insure low risk drivers (lower the risk of the driver pool, the lower the insurance premiums).

I did one time use the windshield protection coverage, but that is handled by a third party, even though I pay for it through the same policy. It was super easy. Made an appointment with my service center (BMW), got confirmation that a rock chip on the windshield was not going to be overlooked by a lease return specialist since it was on the path of the wiper blades, so it had to be replaced rather than fixed. Service center quoted way too much for the service, but the insurance company simply paid it. Bought some goodwill with my service advisor, I'm sure.

Probably not going to save you a ton of money, but the service I get makes me feel good that if I ever need to use it, it won't be an outright hassle.

MG 228i · 03-27-2015, 02:04 PM

Anyone have USAA? I'd like to take advantage of their BMW discount.
Had a spotless record for 10 years,
until last year when I rear ended someone in my beater.

kd0t · 03-27-2015, 07:54 PM

Lol, I'm paying 2.5k a year from AAA and I'm 24

Iceman51sn · 03-27-2015, 09:14 PM

Quote:

Originally Posted by kd0t

Lol, I'm paying 2.5k a year from AAA and I'm 24

Ouch!!!

THX-333 · 07-10-2015, 11:33 PM

Just got quoted $1500 by AAA. Low mileage. Multi-car discount. Garaged.

I'm still looking for alternatives.

Flipwit · 07-14-2015, 03:59 PM

Using USAA, 100/300/100 with $1k deductible and $100 other comprehensive deductible and I pay about $1200 every year. I highly recommend lowering other comprehensive deductibles since that covers things like windshields and what not.

Dattebayo · 07-14-2015, 04:24 PM

I have Geico and had them for quite a few years. I haven't found anyone that can beat the rate for the same coverage I have now as I was just shopping around.

Charlie@McKennaBMWService · 07-23-2015, 09:19 AM

Being in the automotive service industry for nearly 12yrs now I can confidently say that the top three tier companies are the following: AAA, Mercury, State Farm, everyone else is subpar and aren't necessarily for the customers or policy holders if you will, pay extra for better coverage...

ocN55 · 07-23-2015, 09:41 AM

Quote:

Originally Posted by Charlie@McKennaBMWService

Being in the automotive service industry for nearly 12yrs now I can confidently say that the top three tier companies are the following: AAA, Mercury, State Farm, everyone else is subpar and aren't necessarily for the customers or policy holders if you will, pay extra for better coverage...

AAA has been great to my family, we've been covered by them over 20 years.

Charlie@McKennaBMWService · 07-23-2015, 09:53 AM

Quote:

Originally Posted by ocN55

AAA has been great to my family, we've been covered by them over 20 years.

Same here AAA has been great to all my vehicles and motorcycles.

Regardless · 07-24-2015, 01:23 PM

Statefarm has only been good experiences for me, I hear great things about Mercury as well.
I'd say, you definitely get what you pay for though.

How efficient and quick they are in terms of handling claims, inspections, subrogation etc. really makes a difference on your peace of mind.

And then comes the important part that makes a difference in your peace of mind as you continue to drive the car down the road- How they choose to repair your vehicle.

I recently heard of an insurance company that asked a body shop to look for non-oem parts from 70+ different vendors to repair a brand new vehicle..

That said, it usually doesn't hit you until you get in an accident though.

03-25-2015, 05:28 PM	#1
m3peat First Lieutenant 71 Rep 341 Posts Drives: 2009 E90 M3 Join Date: Nov 2009 Location: Burbank, CA iTrader: (1)	Insurance company recommendations I've been in Socal for 4 years now, so I know insurance is expensive no matter who you use but still looking for a solid insurer at reasonable prices. I have a clean record, 40+, single male and currently with Liberty Mutual for 5+ years with full lease coverage (100/300/100) with $1k deductibles. I live in LA but still pay north of $1,400/yr with a low mileage discount. I recently shopped Wawanesa but was only going to save $100-150. Any other suggestions/experiences? Thanks in advance __________________ Current: E90 M3 Previous: 15' M235i, 12' E92 M3, 03' E46 M3, 98' E36 M3 4 dr, 95' E36 M3 2 dr All the above, missed and wish I kept them all.
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03-25-2015, 09:28 PM	#2
Iceman51sn Lieutenant 153 Rep 446 Posts Drives: 2015 AY M4 Join Date: Oct 2014 Location: OC iTrader: (1)	Mercury! They have handled two previous total losses I've had with such professionalism. And what I pay in L.A. with high mileage on the M235i is pretty damn low. I'm still in my 20s and I'm just north of 1k a year.
	Appreciate 1 Quote

03-27-2015, 12:23 PM	#5
hyperzulu Colonel 701 Rep 2,337 Posts Drives: 2015 M235i Join Date: Mar 2014 Location: Los Angeles iTrader: (0)	I have a clean record and use Amica. Haven't had to use them yet, but they get outstanding reviews and are priced well because they only insure low risk drivers (lower the risk of the driver pool, the lower the insurance premiums). I did one time use the windshield protection coverage, but that is handled by a third party, even though I pay for it through the same policy. It was super easy. Made an appointment with my service center (BMW), got confirmation that a rock chip on the windshield was not going to be overlooked by a lease return specialist since it was on the path of the wiper blades, so it had to be replaced rather than fixed. Service center quoted way too much for the service, but the insurance company simply paid it. Bought some goodwill with my service advisor, I'm sure. Probably not going to save you a ton of money, but the service I get makes me feel good that if I ever need to use it, it won't be an outright hassle. __________________
	Appreciate 0 Quote

03-27-2015, 02:04 PM	#6
MG 228i First Lieutenant 156 Rep 349 Posts Drives: Z4 m40i, 340i 6MT, i3S Join Date: Aug 2014 Location: Los Angeles iTrader: (0)	Anyone have USAA? I'd like to take advantage of their BMW discount. Had a spotless record for 10 years, until last year when I rear ended someone in my beater.
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03-27-2015, 07:54 PM	#7
kd0t Banned 137 Rep 627 Posts Drives: M235i Join Date: Oct 2014 Location: SoCal iTrader: (0)	Lol, I'm paying 2.5k a year from AAA and I'm 24
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07-10-2015, 11:33 PM	#9
THX-333 New Member 7 Rep 16 Posts Drives: 2015 Mineral Grey M235i Ragtop Join Date: Jun 2015 Location: Los Angeles iTrader: (0)	Just got quoted $1500 by AAA. Low mileage. Multi-car discount. Garaged. I'm still looking for alternatives.
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07-14-2015, 03:59 PM	#10
Flipwit Private First Class 19 Rep 188 Posts Drives: 2016 M235i Join Date: Sep 2011 Location: Brocal iTrader: (2)	Using USAA, 100/300/100 with $1k deductible and $100 other comprehensive deductible and I pay about $1200 every year. I highly recommend lowering other comprehensive deductibles since that covers things like windshields and what not. __________________ 2016 M235i - en route 2012 135i - sold
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07-14-2015, 04:24 PM	#11
Dattebayo Private 16 Rep 72 Posts Drives: 2015 BMW 228i M-Sport Join Date: Apr 2015 Location: Orange County, CA iTrader: (0)	I have Geico and had them for quite a few years. I haven't found anyone that can beat the rate for the same coverage I have now as I was just shopping around.
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07-23-2015, 09:19 AM	#12
Charlie@McKennaBMWService 520 Rep 1,026 Posts Drives: 2018 Shelby GT350 Join Date: Apr 2013 Location: Orange County, CA iTrader: (6) Garage List 2016 Ford Fiesta ST [0.00] 2018 Shelby GT350 [0.00]	Being in the automotive service industry for nearly 12yrs now I can confidently say that the top three tier companies are the following: AAA, Mercury, State Farm, everyone else is subpar and aren't necessarily for the customers or policy holders if you will, pay extra for better coverage... __________________ Instagram: cboy1
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07-24-2015, 01:23 PM	#15
Regardless Private First Class 33 Rep 180 Posts Drives: turbo'd inline 6 Join Date: Jun 2012 Location: SoCal iTrader: (0)	Statefarm has only been good experiences for me, I hear great things about Mercury as well. I'd say, you definitely get what you pay for though. How efficient and quick they are in terms of handling claims, inspections, subrogation etc. really makes a difference on your peace of mind. And then comes the important part that makes a difference in your peace of mind as you continue to drive the car down the road- How they choose to repair your vehicle. I recently heard of an insurance company that asked a body shop to look for non-oem parts from 70+ different vendors to repair a brand new vehicle.. That said, it usually doesn't hit you until you get in an accident though.
	Appreciate 0 Quote