BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > Regional Forums > Australia
 
Post Reply
 
Thread Tools Search this Thread
      08-13-2010, 05:27 AM   #1
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

can someone PLEASE help me with insurance for a 2011 e92 zcp m3

i am just 18 i have insurance for the car on my Ls but im going to get my Ps soon and cant seem to find insurance!!! we are with CGU atm but wouldnt mind going with someone else if we can get it. i was jw if anyones policy does not state what u have to be 25 to drive the car or on yours Ls thank you and if u guys have any thing u think i could do i really would love to hear it haha please someone make my dream come true
Appreciate 0
      08-13-2010, 05:38 AM   #2
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

ohhhh btw its in a business name
Appreciate 0
      08-13-2010, 11:06 PM   #3
Vitabrits
New Member
1
Rep
5
Posts

Drives: Evolution 8 MR
Join Date: Jul 2010
Location: Sydney

iTrader: (0)

It's by law that you aren't allowed to drive something this powerful at the age of 18, so you won't find any insurance company that's going to insure you. You essentially will be doing something illegal, so insurance should be the least of your worries.

There has been some extreme cases where people have been allowed (Exemptions) to drive such a powerful car at that age but you'll definitely have to state your reasons vigorously, and even then insurance probably won't be possible.

On the bright side, your very lucky to have had the opportunity to drive an M3 at such a young age! *Jealous*

Last edited by Vitabrits; 08-13-2010 at 11:12 PM..
Appreciate 0
      08-14-2010, 06:12 AM   #4
E92325i
First Lieutenant
E92325i's Avatar
Australia
10
Rep
362
Posts

Drives: E92 325i
Join Date: Jun 2008
Location: Australia

iTrader: (0)

As far as I'm aware, IF the car is registered in a company name then you automatically gain automatic exemption for work purposes. This works only if you are an employee of the company (obviously). However the onus is on you to prove the car is being used for "work" purposes if police were to pull you over. This could simply mean providing the number of your boss (dad) and for him to verify that you are using it for work.

Try RACV for insurance, won't be the cheapest but they will probably insure you.

Hope this helps

EDIT: See attached paragraph from the Vicroads website regarding exemptions for prohibited vehicles.

"Exemption to drive a probationary prohibited vehicle

1. Automatic Exemption
The Road Safety (Drivers) Regulations 2009, automatically exempt a probationary driver, from the probationary prohibited vehicle restrictions, who is driving the vehicle in the course of his or her employment and at his or her employer’s request or is self employed and an Australian Business Number (ABN) is in force in relation to the person's business. No exemption document is required from VicRoads in these circumstances. However, the onus is on the driver to provide evidence to the police if requested.
A person is not permitted to drive the vehicle at any time for social reasons or reasons unrelated to work. In these cases the onus is upon the driver to provide evidence to the police that his or her driving is work connected.
A member of the police force who is the holder of a probationary car licence and the holder of an approved Driver Certificate Endorsement for a vehicle of that class is authorised to drive a probationary prohibited vehicle in the course of duty. No exemption document is required from VicRoads."
Appreciate 0
      08-15-2010, 01:43 AM   #5
zenderm3
Lieutenant Colonel
zenderm3's Avatar
Australia
95
Rep
1,996
Posts

Drives: E36 M3 DY/2010 E92 M3
Join Date: Jun 2009
Location: Brisbane

iTrader: (0)

Post up some pics leigh!
__________________
________________
My ///M is in my garage .... and it is a beast!
2010 E92 M3 Space Grey | Fully Loaded
1996 E36 M3 Dakar Yellow - SOLD
2004 Honda Accord Euro - SOLD
Appreciate 0
      08-15-2010, 02:19 AM   #6
Finnegan
Dog Listener
Finnegan's Avatar
United_States
701
Rep
7,850
Posts

Drives: Z4M/. Z3M, E36/46 M3
Join Date: Oct 2008
Location: Teaching the dog to slalom

iTrader: (22)

Wow!

Since by law here in the States you can pretty much drive whatever the hell you want once you have a license tell me more about the "Power Laws" of Oz. Is it total HP, TQ, kg/HP, or what? What are the regulations like, and to which ages do they apply? (Seriously, you can be 16 and drive a Z06 or Porsche GT2--not that you won't kill yourself in 5 seconds, and your parents should be tarred and feathered for letting some kid do that, but legally there are no restrictions).

Any "old man's laws" too? No way IMO some 90 year old guy should be driving a 500 HP monster either (but no laws against that here either).

I'm not saying the laws you have are wrong, just that I find it curious since its open season here.
Appreciate 0
      08-15-2010, 06:56 AM   #7
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

Quote:
Originally Posted by Vitabrits View Post
It's by law that you aren't allowed to drive something this powerful at the age of 18, so you won't find any insurance company that's going to insure you. You essentially will be doing something illegal, so insurance should be the least of your worries.

There has been some extreme cases where people have been allowed (Exemptions) to drive such a powerful car at that age but you'll definitely have to state your reasons vigorously, and even then insurance probably won't be possible.

On the bright side, your very lucky to have had the opportunity to drive an M3 at such a young age! *Jealous*
if i wanted to get insurance on a wrx or a xr6 turbo i can i dont see why i cant with the m3
Appreciate 0
      08-15-2010, 06:59 AM   #8
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

Quote:
Originally Posted by E92325i View Post
As far as I'm aware, IF the car is registered in a company name then you automatically gain automatic exemption for work purposes. This works only if you are an employee of the company (obviously). However the onus is on you to prove the car is being used for "work" purposes if police were to pull you over. This could simply mean providing the number of your boss (dad) and for him to verify that you are using it for work.

Try RACV for insurance, won't be the cheapest but they will probably insure you.

Hope this helps

EDIT: See attached paragraph from the Vicroads website regarding exemptions for prohibited vehicles.

"Exemption to drive a probationary prohibited vehicle

1. Automatic Exemption
The Road Safety (Drivers) Regulations 2009, automatically exempt a probationary driver, from the probationary prohibited vehicle restrictions, who is driving the vehicle in the course of his or her employment and at his or her employer’s request or is self employed and an Australian Business Number (ABN) is in force in relation to the person's business. No exemption document is required from VicRoads in these circumstances. However, the onus is on the driver to provide evidence to the police if requested.
A person is not permitted to drive the vehicle at any time for social reasons or reasons unrelated to work. In these cases the onus is upon the driver to provide evidence to the police that his or her driving is work connected.
A member of the police force who is the holder of a probationary car licence and the holder of an approved Driver Certificate Endorsement for a vehicle of that class is authorised to drive a probationary prohibited vehicle in the course of duty. No exemption document is required from VicRoads."

i will try them i dont mind the cost to much as long as its not a real rip off! the police isnt the worry its the insurance haha cant be drive that with none!
Appreciate 0
      08-15-2010, 07:01 AM   #9
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

Quote:
Originally Posted by zenderm3 View Post
Post up some pics leigh!
how do i post photos haha ill work it out i have few on my computer and ill get more tomoro but u will see this car on carsales as we found a dint on it and took it back to melb bmw our zcp m3 is yet to come shoudl be here in 6 weeks i hope lol
Appreciate 0
      08-15-2010, 07:09 AM   #10
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

here is some ill put more this week
Attached Images
  
Appreciate 0
      08-15-2010, 09:54 AM   #11
G.R
Private First Class
10
Rep
105
Posts

Drives: AW E93 M3
Join Date: Aug 2010
Location: Australia

iTrader: (0)

How much is everyone else paying for their insurance and who are they with?

Last edited by G.R; 08-15-2010 at 10:01 AM..
Appreciate 0
      08-15-2010, 11:05 AM   #12
BMW2011DCT
New Member
BMW2011DCT's Avatar
United_States
4
Rep
14
Posts

Drives: 2011 DCT White Carbon Roof
Join Date: Jun 2010
Location: Chattanooga Tn

iTrader: (0)

DO you have tickets or accidents? I can not see why you can not get insurance on an M3 at 18? When I was 16 a long long long time ago I had a ZR1 and my name was on the insurance with state farm. I pay 780 every six months on my M3 but I pay 1200 every six months for some reason on a hard top mercedes.
.................................................. .................................................. ...................
2012 M5 (I Wish)
2011 M3
2010 ESCALADE (Platinum)
2010 SL65 (Black Series)
2009 Z06
2008 S65
2007 Escalade
2006 M5
2006 300 SRT8
2006 Z06
Appreciate 0
      08-15-2010, 11:09 AM   #13
zenderm3
Lieutenant Colonel
zenderm3's Avatar
Australia
95
Rep
1,996
Posts

Drives: E36 M3 DY/2010 E92 M3
Join Date: Jun 2009
Location: Brisbane

iTrader: (0)

Quote:
Originally Posted by BMW2011DCT View Post
DO you have tickets or accidents? I can not see why you can not get insurance on an M3 at 18? When I was 16 a long long long time ago I had a ZR1 and my name was on the insurance with state farm. I pay 780 every six months on my M3 but I pay 1200 every six months for some reason on a hard top mercedes.
Mate in Australia there are fairly strict rules for people on Learners and Provisional licences...basically restricts them from driving turbo charged or high performance vehicles.
__________________
________________
My ///M is in my garage .... and it is a beast!
2010 E92 M3 Space Grey | Fully Loaded
1996 E36 M3 Dakar Yellow - SOLD
2004 Honda Accord Euro - SOLD
Appreciate 0
      08-15-2010, 01:07 PM   #14
BMW2011DCT
New Member
BMW2011DCT's Avatar
United_States
4
Rep
14
Posts

Drives: 2011 DCT White Carbon Roof
Join Date: Jun 2010
Location: Chattanooga Tn

iTrader: (0)

Florida

Quote:
Originally Posted by zenderm3 View Post
Mate in Australia there are fairly strict rules for people on Learners and Provisional licences...basically restricts them from driving turbo charged or high performance vehicles.
I thought he was from Melbourne Florida. My title says Chattanooga Tn. But that is strange that it is like that, I havee been to Australia a few times and boy do they have a lot of Skyline GTR's their. Thanks for the info and good luck with the insurance thing and it sounds like he has wonderful parents just like I do.

2012 M5 (I Wish)
2011 M3
2010 ESCALADE (Platinum)
2010 SL65 (Black Series)
2009 Z06
2008 S65
2007 Escalade
2006 M5
2006 300 SRT8
2006 Z06
Appreciate 0
      08-16-2010, 01:12 AM   #15
SPQR M3
First Lieutenant
SPQR M3's Avatar
Australia
43
Rep
330
Posts

Drives: 2009 E92 325i
Join Date: Jan 2009
Location: Australia

iTrader: (0)

You're 18 and you have a E92 M3? Fark.....

At 18 I drove a 20 year old Holden Gemini.
Appreciate 0
      08-28-2010, 06:26 AM   #16
andrew@southernBM
andrew@southernBM's Avatar
Australia
165
Rep
1,536
Posts

Drives: M3 F80, M140i
Join Date: Apr 2008
Location: Melbourne, Australia.

iTrader: (0)

Nice one Leigh, did you decide on the mods yet?
Appreciate 0
      09-08-2010, 06:52 AM   #17
OM VT3
Lieutenant Colonel
OM VT3's Avatar
140
Rep
1,665
Posts

Drives: 2011 e92 zcp m3
Join Date: Aug 2010
Location: Somewhere

iTrader: (1)

Quote:
Originally Posted by andrew@southernBM View Post
Nice one Leigh, did you decide on the mods yet?
hahaha!!! i never saw this andrew well we will do a sourthern bm stage 1 first then work from there could u please keep me updated with the aa kit

thanks!
Appreciate 0
      09-14-2020, 02:14 AM   #18
skintsaint
Registered
0
Rep
2
Posts

Drives: M3 E92
Join Date: Sep 2020
Location: PERTH

iTrader: (0)

Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?
Appreciate 0
      09-14-2020, 06:49 PM   #19
BanjoPaterson
First Lieutenant
BanjoPaterson's Avatar
Australia
159
Rep
311
Posts

Drives: 2015 i8
Join Date: Aug 2015
Location: Canberra

iTrader: (0)

Quote:
Originally Posted by skintsaint View Post
Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?
I use NRMA and have my 2010 model insured for 45000. However, I've max no claims etc. on it, and my monthly is $170, which is higher. NRMA allows an "agreed value" and their range is pretty good. I think I could have insured my M3 for a maximum of $49,000, but decided to insure for what I think is reasonable.
Appreciate 0
      09-14-2020, 07:17 PM   #20
Kelse92
Major
United_States
1132
Rep
1,366
Posts

Drives: Former e92 M3 Owner
Join Date: Aug 2018
Location: Dallas, TX

iTrader: (0)

Quote:
Originally Posted by skintsaint View Post
Sorry for hijacking this old thread but a potential M3 owner here with a few questions for insurance.

So looking for comp insurance, I'm 42 and have never had an accident or claim. Quotes coming in around $1400 which is fine...issue I am having is the companies I have contacted so far only giving me a max pay out of $32k. Are people just under-insuring their cars?

Also, weirdly if I put my partner on (37 years old again no claims/accidents) some won't even insure us. We both been driving since 18.

Any recommendations?
Hagerty.
Hopefully it’s not your daily driver or only car otherwise that won’t work. But you can get a stated value policy with them. Of course, no clue if they operate in Oz, just a suggestion
__________________

#ladydriven Heavy-spec M3 // KW Clubsports // AA x-pipe // Gintani muffler // Macht-Schnell intake // Gintani tune // OMP Seats // Too Many Apex Wheels // Stoptech ST-60 // Cobalt Friction brake pads
Appreciate 0
      09-14-2020, 08:36 PM   #21
ABC99G
Private First Class
Australia
16
Rep
192
Posts

Drives: 2008 E92 M3 Coupe
Join Date: Jun 2007
Location: Port Macquarie

iTrader: (2)

Try Shannons. Mine is $132 per month insured for $40300
2008 E92
Appreciate 0
      09-15-2020, 01:31 AM   #22
kmli5
Private First Class
kmli5's Avatar
Australia
10
Rep
183
Posts

Drives: E92 M3
Join Date: Mar 2012
Location: Melbourne

iTrader: (1)

How much do you drive the M3? daily or weekend car?
Get a quote from Enthusiast Motor Insurance if weekender. Over $50k for $1200, 5000kms annually
__________________
2008 BMW M3 | 6MT | OEM Exhaust Mod | Black Grilles |
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:28 AM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST