Who is insuring your precious e30??

[JRKOUPE]

You all should consider vintage coverage if: you garage car and drive within the mileage limits...and its not your main vehicle.

[JRKOUPE]

Progressive at 100 bucks a month. Why am I paying so much compared to everyone else? No tickets on the books anymore and when I first called around to insure the e30 every other major insurance company quoted me around 900+ per 6 months...

because of where u live....

try essurance..and geico....

[Isostar13]

I'm with USAA as well. I pay roughly $365/6 months premium, with a $50 deductible. Since I do all of my banking with them, the woman who quoted me said I'm getting a policy that is based on my net worth with the bank, not just the value of my car.

I'm not entirely sure how they came up with their figures, but I have really high coverage for both myself and passengers, my property, and drivers of other vehicles should I be the one at fault.

I just hope I never have to use it...

[InuFaye]

Less than 2 years you should see a drop in rate! the last thing to be excited about. Everything after 25 seems to be down hill and depressing. LOL

Its the last birthday I have to look forward to for awhile.

[ohthejosh]

Reminds me, I just turned 25 so I gotta check my rates now.

Happy Belated!

[drumad]

USAA, love it.

Reminds me, I just turned 25 so I gotta check my rates now.

[ohthejosh]

Erie.

1600 a year for E36 M3,Evo 9, 328i,325i, and an MGB.
500k/1M Poilcy.
23yr old male Unmarried.

Less than 2 years you should see a drop in rate! the last thing to be excited about. Everything after 25 seems to be down hill and depressing. LOL

[InuFaye]

Erie.

1600 a year for E36 M3,Evo 9, 328i,325i, and an MGB.
500k/1M Poilcy.
23yr old male Unmarried.

[ohthejosh]

I got sued 3 years later. same reasons. 6 months seems prompt. :p

by that time, I'd almost completely forgotten about the accident. they even tried to name my wife, who I didn't even know at the time, in the lawsuit. my premiums didn't seem to go up much though, which was wierd.

Im pretty sure some friend or so suggested suing and thats what triggered it. It's ridiculous how long they can go before they can declare crap like that. 3 years is beyond ridiculous that just straight up robbery.

[nando]

Insurance is for injuries not damage. If you are at fault, believe that if the people you were involved in an accident with aren't super nice you will get sued for shit that you would not believe.

We got sued after over 6months passed since the accident for medical bills. They claimed neck injury suits fckn 6 months later. Insurance covered it but the premium skyrocketed so you end up paying for it either way but without insurance, youd go court, lawyer up, lose, and pay the medical bills out of pocket. Not worth it.

I got sued 3 years later. same reasons. 6 months seems prompt. :p

by that time, I'd almost completely forgotten about the accident. they even tried to name my wife, who I didn't even know at the time, in the lawsuit. my premiums didn't seem to go up much though, which was wierd.

[slammin.e28]

State farm. $154 a month on two cars, e46 330i and e36 M3. Once I add my e28 back on, it'll go down to $130 something....or at least that's what it was with my e30 'vert, M3, and e46 back in the Summer. Then it went up when I took a car off.

[ohthejosh]

Insurance is for injuries not damage. If you are at fault, believe that if the people you were involved in an accident with aren't super nice you will get sued for shit that you would not believe.

We got sued after over 6months passed since the accident for medical bills. They claimed neck injury suits fckn 6 months later. Insurance covered it but the premium skyrocketed so you end up paying for it either way but without insurance, youd go court, lawyer up, lose, and pay the medical bills out of pocket. Not worth it.

[nando]

I would honestly go with no insurance if I had the choice.
Insurance is not to your benefit in the long term, even if you DO use it.
You would be much better off taking the money you spend on insurance and put it in a savings account, and using it when you need it, for example you wrecked your car. This will almost always be more to your benefit than insurance. And say for example you never get in an accident, then you still have a nice sum of money in there, with insurance you can only use it when you get in an accident, and they don't make it easy to get it. Even if you use your insurance more than other people, it will then be higher and you will still end up paying more. They have the numbers worked out so they always win.
But of course, you must have insurance by law, so I will have to settle with just the cheapest insurance I can get.

I think the way insurance works and how it's so commonplace in our society now warps people's opinion to evaluate it logically.
Do a cost analysis on how often you would have to use your insurance for it to be worth it, and take into account everything, extra premiums and cost increases from the accidents, and the fact that they don't give you the full value of the vehicle, etc. Compare with simply putting the money in a bank account.

yeah, I don't think so. I haven't put in close to what I got out of it. I'm pretty sure if you get sued, which is what happens in real life (nobody gives a shit about a $3k E30), or somebody gets hurt, you'll wish you had insurance. It's going to take me a *long* time to pay back what they covered me for, and that doesn't even include lawyers, which they covered fully.

insurance is about mitigating and spreading risk. The risk isn't damage to your E30 - don't be so short sighted. The cost of the car is chump change. The risk is somebody gets seriously injured, or worse, killed, and your ass gets sued for 6 or 7 digits. if you make the median income, there's no *way* you're going to be able to pay that out of pocket, even if you saved the cost of the premiums over most of your life.

don't worry about the property damage. it's nothing. worry about ambulance chasing lawyers..

[nando]

ameriprise.. I think the E30 is like $30 a month. our family car is about $40. full coverage with maxed out liability/injury protection.

as far as getting screwed by the ins. company - all I'll say is, I'd be fucked if I'd been with my old carrier in 2006.. make sure you have well over the minimums for injury/liability, even a small accident with no real injuries will attract lawyers like flies to honey. Ameriprise pretty much saved my ass, but thankfully I also had triple the minimum coverage.

[VinniE30]

Cheap insurance is not the way to go if you really value your car. I've been down that road. I thought I had good insurance, and they screwed me, even though I got rear ended and wasn't at all at fault. I got hung out to dry. My one and only suggestion I have for you guys is that you need to have the car appraised, and have it insured with an agreed value policy. This is pretty much the only chance you have of saving your car if it gets smeared. Yeah, it will cost you $350 or so, but if you want to keep your car, its money well spent. At the same time, you might be surprised at the outcome. I was guessing it was worth something more than I spent, I wasn't expecting what it actually appraised for (Nearly twice what I paid for it.)

If you have a good clean E30, you might be surprised at what its worth. Good clean ones are getting really hard to find. That fact right there will boost the value of the car. That is a very good thing when your car gets smeared and you are slapped with a totaled car when the cost to fix it is only $3k.

I went with Farmers, they offer an agreed value policy. Nope, its not cheap, but I'd kinda like to hang onto my M3 if it gets taken out. Nope it won't be cheap to fix, so I want it covered so I can get it fixed when someone takes me out.

Will

I would honestly go with no insurance if I had the choice.
Insurance is not to your benefit in the long term, even if you DO use it.
You would be much better off taking the money you spend on insurance and put it in a savings account, and using it when you need it, for example you wrecked your car. This will almost always be more to your benefit than insurance. And say for example you never get in an accident, then you still have a nice sum of money in there, with insurance you can only use it when you get in an accident, and they don't make it easy to get it. Even if you use your insurance more than other people, it will then be higher and you will still end up paying more. They have the numbers worked out so they always win.
But of course, you must have insurance by law, so I will have to settle with just the cheapest insurance I can get.

I think the way insurance works and how it's so commonplace in our society now warps people's opinion to evaluate it logically.
Do a cost analysis on how often you would have to use your insurance for it to be worth it, and take into account everything, extra premiums and cost increases from the accidents, and the fact that they don't give you the full value of the vehicle, etc. Compare with simply putting the money in a bank account.