Who is insuring your precious e30??

[Herr Faust Schinken]

AAA
18
No accidents
800$ a year

[woodisgood]

State farm home and three cars $90.

[M-technik-3]

Haggerty's for E30 M3's and USAA for all others.

[long tall eta]

new jersey manufacturers. 1500 a year for full coverage on the van and liability and comprehensive on the e30. need a clean record and proof of continuis coverage for 3 years. also need youre employeer to be on their list of acceptable employeers. also get back a dividend check every year. great co but need access code to apply.

[Simon S]

Progressive
$145/6mo for a comprehensive policy while it's in storage. (they wouldn't allow for 'storage' insurace since it's my only vehicle) May look into full coverage come spring time..
38/single/clean rekkid

[BlackbirdM3]

I'm 34, no accidents, no tickets, 2 cars and mine is about $1400 per year. My issue is that I don't hit people, I get taken out and then get screwed by other people. The whole insurance thing is rigged so that they make the most money out of your loss as possible no matter if you were at fault or not. :hitler: I've been hit 4 times, not once was I actually moving, the first time I was rear ended while stopped on the freeway in a construction zone and the guy smeared me. He drove off, my work trunk had to be towed home. The 2nd time, I had just backed out of a parking spot and was shifting from reverse to 1st when some lady didn't bother to look behind her and just slammed it in reverse again nailing me. Three weeks later while driving the same car I got taken out in a hit and run while sitting at a stop sign behind the limit line while trying to make a left turn on a busy street. Some stupid kid stole mommies car and went joy riding. Of course, no license, no insurance (parents didn't have any either) and he was 15. Did $10K worth of damage to my car and he drove off. Luckily a lady saw the whole thing and followed him down the street to where they parked the car. They were arrested shortly there after. I had to fight with my insurance to get the car fixed. I got lucky there. The last time was when my Alfa was killed. The dumb ass failed to notice the bright red car with its left turn signal on waiting for passing traffic to clear in order to make a left turn. He chose to stop his Nissan Frontier with the back of my car.:down: His insurance was Esurance and they moved immediately to total the car without even looking at it or doing any research. I told them to F-off and opened a claim with mine only to get the run around and ultimately screwed by them after proving their appraiser was a sham and a crook. They then turned around and added insult to injury by slapping me with a $2000 "Salvage Reassesment fee" THis is after I had already bought the car back and sold it. All I can say is that AAA are a bunch of crooks and they all should suffer the same misery that I went through.

I went with Farmers because they offer an agreed value policy so the next time I get taken out (and it will happen with the poor excuse for drivers in this area) I at least have a fighting chance at getting my car fixed.

Will

[ohthejosh]

BTW does anyone know how to check their driving record for free? I dont wanna pay the DMV for them to snail mail me something they could just say in 3 seconds.

[peytonracer4]

I have Statefarm. We have about 8 cars under the policy. I am one of the youngest drivers and I pay around $288/6 months.

Edit: I am 17, no tickets or accidents yet. (knock on wood)

WTF?! i'm 19. we have 8 cars 2 bikes a trailer and our house under state farm.
i have only liability on my e30 and i pay $102 a month. what the hell

[Cliche Guevara]

Allstate, full coverage
20, male, no tickets or at fault accidents
$150/month

Should go down a bit in a couple weeks when I turn 21.


I'm pretty happy with how Allstate handled a total on my first E21, which had already been totalled twice but completely restored after the second time. Their initial offer was just $2,000, but after I pleaded my case they sent over someone to appraise it (at no cost to me) and ended up giving me just under $3,000 for it.

[Rsully70sev]

Your post was the dumbest thing I've ever read. You make no counterargument whatsoever.

I didn't feel I needed to. Your suggesting put the money you would spend on insurance in a bank account for a rainy day. Well, when it rains it pours. Have fun with 100k+ medical bills or even a simple fender bender. If you have any assets have fun making them liabilities, and if you have a job, your now putting it at risk for garnishing. Ask the guy who totalled my car- he pays me a substantial amount each month for the next 8 months because he didn't have insurance. Not something I would want to go through.

[VinniE30]

I didn't feel I needed to. Your suggesting put the money you would spend on insurance in a bank account for a rainy day. Well, when it rains it pours. Have fun with 100k+ medical bills or even a simple fender bender. If you have any assets have fun making them liabilities, and if you have a job, your now putting it at risk for garnishing. Ask the guy who totalled my car- he pays me a substantial amount each month for the next 8 months because he didn't have insurance. Not something I would want to go through.

I was referring to collision coverage as in coverage for when the other driver is at fault.
And if you cause an accident you will end up paying all that money back to the insurance company anyway, plus even more over time, with the increase in your rates. It's a numbers game and they have it figured out; they will always win, they're a business only concerned with making money. When there's people gaining money there are always people loosing money and vice versa.

[nando]

I was referring to collision coverage as in coverage for when the other driver is at fault.
And if you cause an accident you will end up paying all that money back to the insurance company anyway, plus even more over time, with the increase in your rates. It's a numbers game and they have it figured out; they will always win, they're a business only concerned with making money. When there's people gaining money there are always people loosing money and vice versa.

at my current rates (which is for 2 cars now instead of 1), it will take me 45 years to pay back the insurance company what they covered me for.

fourty five. yeah. your argument just deflated.

if I count only my car, the payback time would outlive my children's children....

When there's people gaining money there are always people loosing money and vice versa

also, this is complete nonsense. there are mutually beneficial transactions. economics is not a zero-sum game.

[VinniE30]

at my current rates (which is for 2 cars now instead of 1), it will take me 45 years to pay back the insurance company what they covered me for.

fourty five. yeah. your argument just deflated.

I've never gotten anything from my insurance (never been involved in an accident; knock on wood) and I pay a little over $1000 per year.
We can both give examples for our sides of the argument but it's just anecdotal evidence.
Increase the sample size to everyone and you will see that the insurance companies get much more money than they give, or else they wouldn't be in business. The odds are strongly against you that you will gain more from insurance then you pay them over your lifetime. You know there's statisticians working for the insurance companies whose job is to figure this out right?

also, this is complete nonsense. there are mutually beneficial transactions. economics is not a zero-sum game.

Why don't you name some then.

[nando]

You haven't now, but that doesn't mean you never will. if I didn't have insurance, I would have lost my house and everything I own, and probably even my family. $1000 a year is nothing compared to that risk.

I hadn't used my insurance before then either, but even if I count what I put into the system before, I'm still far, far ahead of where I would have been without insurance protection.

as for the second question - uh, well you go to work, and make money from your boss, and he makes money because you add value to his business?

I'm not going to give you a freakin' economics lesson. you're going to live a pretty sad, bitter life if you think everything in life is a zero sum game.

45 year payback. that's not an imaginary pretend-zone figure. that's really what happened to me. just think about that for a while.

[ForcedFirebird]

I pay $280/yr for $0 deductible, roadside with guaranteed flatbed towing and $10k replacement for my e30. Hagerty's FTW.