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Thread: Local E36 M3 owners...Insurance ?'s

  1. #1
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    Default Local E36 M3 owners...Insurance ?'s

    Looking into purchasing a Mid 90's M3 soon
    and was wondering what sort of Insurance costs you were all paying?

    If you could post your

    AGE
    and
    Year of your car.

    And tell me if your car is considered to be a "sports car"

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    the 318 was considered a sports car, so im sure the m3 will be

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    yah its a "sports" car
    but m3 has a HUGE jump on insurance price compared to a e36 328

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    My insurance is 3900/yr full everything on a 98M3

    21/clean record/TD Insurance
    Travel

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    Sigh .. that is the problem ... insurance for a 328I may be just 10% OR 15% more then a 318 ... but like M3 ? ! I can't remember the rating .. like "7" for 328, but then jump to "13" (something like that, not sure how the insurance scale works !)

    cost me like near $2k for M3 insurance ! and I have few tickets .. of course ..
    The Original !

    1234567, ¦h³Ò¦h±o

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    Age: 18 clean record

    Car: 1998 BMW M3

    Insurance: $3800/yr full coverage

    I doubt it's considered a sports car...it's a 4 door...but I really don't know
    Last edited by 2m0a0x2; 10-21-2004 at 11:05 PM.

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    Originally posted by 2m0a0x2

    I doubt it's considered a sports car...it's a 4 door...but I really don't know
    I'm sure its considered a sports car. I mean insurance companies aren't retarded. But then again, they think a 2door civic is a sports car
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.”
    —Cicero, Roman statesman and lawyer

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    Even the four-door M3 models are considered a sports car. Just cause there's four doors doesn't mean it can't move and/or handle like the 2-door 3.2l M3. Insurance companies know this.

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    Well .. anyway .. when there is " M " insurance is sky high ! ( almost same rating as a Porsche 911 )

    That is one reason why, scare many young drivers ! when I got my first M3 5 yrs ago .. Insurance was sky high too ..

    How about if you tell the insurance company, that will be your weekend car ? and only put less then 10K a yr ?
    The Original !

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    Im new to calgary, so not well versed in the whole alberta insurance thing

    $4000K for insurance on a 7 yr old car seems extremely HIGH

    would MY ins be lower?

    28
    No tickets
    no accidents

    or
    is the fact that the car is a "level 13", mean that I will always pay $$$ for insurance?

  11. #11
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    21
    1 at fault, 2 not at fault
    bunch of tickets that just came off my record

    2700 collision+comprehensive on a '98 328is

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    Originally posted by bennyhanna
    Im new to calgary, so not well versed in the whole alberta insurance thing

    $4000K for insurance on a 7 yr old car seems extremely HIGH

    would MY ins be lower?

    28
    No tickets
    no accidents

    or
    is the fact that the car is a "level 13", mean that I will always pay $$$ for insurance?
    I'd be surprised if you pay more than $2000/year given your clean record!

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    Originally posted by max_boost
    I'd be surprised if you pay more than $2000/year given your clean record!


    now the search begins!

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    Originally posted by bennyhanna
    28
    No tickets
    no accidents
    I'm paying $1178 per year full coverage for pleasure use on my 97 M3/4. When I used the car for commuting this past summer, it was $180 more per year.

    Call your insurance company for a quote.

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