Auto Insurance Cost

Grover432 · 10-30-2013, 07:54 PM

While waiting for my 2013 535 XDrive to arrive, I got an insurance quote today. I have a good driving record (no accidents for about 9 years) and get a 29% discount from the annual rate.

My coverage is:

All Purpose (I can drive to and from work or anyplace in NA I want)
Any licensed driver can operate the car
$80,000 Maximum Insured Value
$200.00 deductible
$5M Third party Liability
Auto Loss of use (if I cause an accident and need a rental)
Age = 55

We have a government insurance program which is "no fault" and there are no personal injury claims allowed. Payments for injuries are by schedule and loss of wages, loss of future earnings, all medical and rehabilitation is covered 100%

Annual premium $2,035/Good Driver discounted: $1,471 per year.

I was a bit shocked as my wife's 2003 Honda Accord is only about $200/year lower than the BMW!

Do you want to share what your premium is?

pillpusher84 · 10-30-2013, 08:06 PM

2014 550xi M-Sport - MSRP - $87,725

$500,000 Single Limit Liability
$100,000 Uninsured motorist
$250,000 per person
$500 Deductible
$50/day - $2000 max Rental Car Coverage
$700 weekly/$72800 annual income continuation benefit

$1277 annual premium

2011 535xi M-Sport - MSRP - $70,600
Same Coverage - $1044 annual premium

2010 Toyota Rav4 AWD I4 - MSRP - $25,500 (Spare Vehicle)
Same Coverage - $855 annual premium

Grover432 · 10-30-2013, 08:55 PM

Quote:

Originally Posted by pillpusher84

2014 550xi M-Sport - MSRP - $87,725

$500,000 Single Limit Liability
$100,000 Uninsured motorist
$250,000 per person
$500 Deductible
$50/day - $2000 max Rental Car Coverage
$700 weekly/$72800 annual income continuation benefit

$1277 annual premium

2011 535xi M-Sport - MSRP - $70,600
Same Coverage - $1044 annual premium

2010 Toyota Rav4 AWD I4 - MSRP - $25,500 (Spare Vehicle)
Same Coverage - $855 annual premium

Pretty reasonable. We're you able to get a higher liability limit, or do you feel $500,000 is adequate?

pillpusher84 · 10-30-2013, 09:26 PM

Quote:

Originally Posted by Grover432

Pretty reasonable. We're you able to get a higher liability limit, or do you feel $500,000 is adequate?

highest available ... I assume it's adequate ... if not I have a $3,000,000 umbrella policy that will fill in the gap - $450 annual fee

Grover432 · 10-30-2013, 10:34 PM

Quote:

Originally Posted by pillpusher84

highest available ... I assume it's adequate ... if not I have a $3,000,000 umbrella policy that will fill in the gap - $450 annual fee

That will do it.

ppatel223 · 10-31-2013, 10:39 AM

Post your age as well, because it is a major factor in quote.

Grover432 · 10-31-2013, 11:34 AM

Quote:

Originally Posted by ppatel223

Post your age as well, because it is a major factor in quote.

55

bkM3 · 10-31-2013, 11:45 AM

100/300 full coverage

25 years old

2013 BMW 528xi

$2,282/annually

pillpusher84 · 10-31-2013, 06:31 PM

Quote:

Originally Posted by ppatel223

Post your age as well, because it is a major factor in quote.

29 male

pillpusher84 · 10-31-2013, 06:31 PM

Quote:

Originally Posted by bkM3

100/300 full coverage

25 years old

2013 BMW 528xi

$2,282/annually

ouch!

Vinfast · 10-31-2013, 08:33 PM

100/300/100 full coverage

$1084/yr.

44

'14 550i

bkM3 · 11-01-2013, 10:27 AM

Quote:

Originally Posted by pillpusher84

ouch!

and i have a very clean driving record!

this price is actually pretty good considering my age, location, and the type of car it is.

i think i read somewhere that brooklyn has the highest auto insurance rates in the country

crmgr · 11-01-2013, 02:00 PM

Male 64. Driving a 2011 535-M-Sport. Full coverage 100/300 with $500/$0.00 deductible. Annual premium $676.00.

skalberti · 11-01-2013, 07:39 PM

Where you live has some to do with insurance prices to. So I live in Little Rock,AR home of the worst drivers in the country.

ppatel223 · 11-01-2013, 09:28 PM

Quote:

Originally Posted by skalberti

Where you live has some to do with insurance prices to. So I live in Little Rock,AR home of the worst drivers in the country.

I am Fayetteville, AR, home of rednecks.

kthankzbye · 11-02-2013, 04:10 AM

26y/o. $2200/yearly. 2011 550i. Full coverage. 100/300. $500 deductible. Brooklyn, NYC. Been driving since I was 16.

1 speeding ticket at 18. No more speeding tickets when my cousin became sgt. or tickets actually.

Grover432 · 11-03-2013, 07:37 AM

Quote:

Originally Posted by kthankzbye

26y/o. $2200/yearly. 2011 550i. Full coverage. 100/300. $500 deductible. Brooklyn, NYC. Been driving since I was 16.

1 speeding ticket at 18. No more speeding tickets when my cousin became sgt. or tickets actually.

I'm sure you are proud of that. Was your cousin one of the motorcycle riders chasing the Range Rover last month?

kthankzbye · 11-03-2013, 12:46 PM

Quote:

Originally Posted by Grover432

Quote:

Originally Posted by kthankzbye

26y/o. $2200/yearly. 2011 550i. Full coverage. 100/300. $500 deductible. Brooklyn, NYC. Been driving since I was 16.

1 speeding ticket at 18. No more speeding tickets when my cousin became sgt. or tickets actually.

I'm sure you are proud of that. Was your cousin one of the motorcycle riders chasing the Range Rover last month?

Nope he wasn't. I guess you didn't read the news cause it was a detective that was part of the gang. Not a SGT. There's a difference.

Anyways. Let's stay on topic.

Grover432 · 11-03-2013, 02:22 PM

Quote:

Originally Posted by kthankzbye

Nope he wasn't. I guess you didn't read the news cause it was a detective that was part of the gang. Not a SGT. There's a difference.

Anyways. Let's stay on topic.

Right - we were talking about insurance rates, not how dirty cops fix tickets

kthankzbye · 11-03-2013, 03:48 PM

Quote:

Originally Posted by Grover432

Right - we were talking about insurance rates, not how dirty cops fix tickets

You need to get your details first before you assume cause you'll just make yourself look like an ignorant idiot. I never said he "fixed" my tickets and he's not a dirty cop. I guess someone hates law enforcement? He gave me a SBA card, which I nicely hand the PO that pulls me over for moving violations and I get off with a warning. That is not illegal or dirty.

Again, you make yourself look like a fool right now.

Edit: Mods, can we delete everything after my post so it does not get out of hand here. Thank you

Grover432 · 11-03-2013, 10:29 PM

Quote:

Originally Posted by kthankzbye

You need to get your details first before you assume cause you'll just make yourself look like an ignorant idiot. I never said he "fixed" my tickets and he's not a dirty cop. I guess someone hates law enforcement? He gave me a SBA card, which I nicely hand the PO that pulls me over for moving violations and I get off with a warning. That is not illegal or dirty.

Again, you make yourself look like a fool right now.

Edit: Mods, can we delete everything after my post so it does not get out of hand here. Thank you

They should just delete all of your posts. You're off topic (and offensive, to me). Go play with your SBT card. I'm not interested in playing with you - goodbye

F80NJM3 · 11-03-2013, 10:52 PM

$1180.00 a year full coverage. 28 y/o and a clean license.

10-30-2013, 07:54 PM	#1
Grover432 Lieutenant 22 Rep 585 Posts Drives: 2013 535 XDrive Join Date: Nov 2008 Location: Canada iTrader: (0)	Auto Insurance Cost - What Do You Pay? While waiting for my 2013 535 XDrive to arrive, I got an insurance quote today. I have a good driving record (no accidents for about 9 years) and get a 29% discount from the annual rate. My coverage is: All Purpose (I can drive to and from work or anyplace in NA I want) Any licensed driver can operate the car $80,000 Maximum Insured Value $200.00 deductible $5M Third party Liability Auto Loss of use (if I cause an accident and need a rental) Age = 55 We have a government insurance program which is "no fault" and there are no personal injury claims allowed. Payments for injuries are by schedule and loss of wages, loss of future earnings, all medical and rehabilitation is covered 100% Annual premium $2,035/Good Driver discounted: $1,471 per year. I was a bit shocked as my wife's 2003 Honda Accord is only about $200/year lower than the BMW! Do you want to share what your premium is? __________________ 2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite Last edited by Grover432; 10-31-2013 at 11:56 AM.. Reason: Added Age
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10-30-2013, 08:06 PM	#2
pillpusher84 Banned 55 Rep 670 Posts Drives: 2014 550xi M-Sport Silver Join Date: Jul 2011 Location: Central NJ iTrader: (1)	2014 550xi M-Sport - MSRP - $87,725 $500,000 Single Limit Liability $100,000 Uninsured motorist $250,000 per person $500 Deductible $50/day - $2000 max Rental Car Coverage $700 weekly/$72800 annual income continuation benefit $1277 annual premium 2011 535xi M-Sport - MSRP - $70,600 Same Coverage - $1044 annual premium 2010 Toyota Rav4 AWD I4 - MSRP - $25,500 (Spare Vehicle) Same Coverage - $855 annual premium
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10-31-2013, 10:39 AM	#6
ppatel223 Banned 31 Rep 372 Posts Drives: F10 I3.0 Join Date: Jan 2009 Location: AR iTrader: (0)	Post your age as well, because it is a major factor in quote.
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10-31-2013, 11:45 AM	#8
bkM3 Captain 44 Rep 646 Posts Drives: 06 M3 Vert 6MT Carbon/Black Join Date: Sep 2007 Location: Brooklyn iTrader: (1)	100/300 full coverage 25 years old 2013 BMW 528xi $2,282/annually
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10-31-2013, 08:33 PM	#11
Vinfast Lieutenant 28 Rep 585 Posts Drives: '14 550i M-Sport Join Date: Jan 2011 Location: Warner Robins, GA iTrader: (2)	100/300/100 full coverage $1084/yr. 44 '14 550i
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11-01-2013, 02:00 PM	#13
crmgr Private 6 Rep 85 Posts Drives: 2011 BMW 535XI M-Sport Join Date: Jun 2011 Location: Ohio iTrader: (0)	Male 64. Driving a 2011 535-M-Sport. Full coverage 100/300 with $500/$0.00 deductible. Annual premium $676.00.
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11-01-2013, 07:39 PM	#14
skalberti Major 614 Rep 1,133 Posts Drives: 2017 Mineral White M3 Join Date: Dec 2009 Location: Texas iTrader: (0)	Where you live has some to do with insurance prices to. So I live in Little Rock,AR home of the worst drivers in the country. __________________ It's good to be bad
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11-02-2013, 04:10 AM	#16
kthankzbye Lieutenant 86 Rep 459 Posts Drives: 2011 F10 550i, 2020 G05 40i Join Date: Feb 2011 Location: Brooklyn, NYC iTrader: (1)	26y/o. $2200/yearly. 2011 550i. Full coverage. 100/300. $500 deductible. Brooklyn, NYC. Been driving since I was 16. 1 speeding ticket at 18. No more speeding tickets when my cousin became sgt. or tickets actually.
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11-03-2013, 10:52 PM	#22
F80NJM3 Colonel 1924 Rep 2,175 Posts Drives: F80 M3 Join Date: Aug 2011 Location: NJ/NY iTrader: (0) Garage List 2015 BMW M3 F80 [10.00] 2012 BMW F10 535XI [0.00] 2006 Porsche Cayenne [0.00]	$1180.00 a year full coverage. 28 y/o and a clean license. __________________ http://f80.bimmerpost.com/forums/sho....php?t=1270333 Follow Instagram : F80AWM3
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