BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
      08-10-2018, 10:40 AM   #1
Kkgy79
Private
3
Rep
69
Posts

Drives: 2013 m5
Join Date: Nov 2016
Location: Usa

iTrader: (0)

F13 m6 insurance

Hello
Just curious how much u guys pay for insurance yearly?
Appreciate 0
      08-10-2018, 11:08 AM   #2
mberbic
IG: @M6erbic
mberbic's Avatar
United_States
25
Rep
116
Posts

Drives: F12 M6
Join Date: May 2018
Location: Houston, Tx

iTrader: (0)

Went from paying $240/mo for 500k coverages for 2 cars to paying $275/mo for 3 cars... I live in Houston area and my insurance took a hike after the last hurricane..
Appreciate 0
      08-10-2018, 11:20 AM   #3
Jesse E93
Private
7
Rep
82
Posts

Drives: 2009 335i E93
Join Date: Mar 2014
Location: socal

iTrader: (0)

I pay more for my 14’ m6 gran coupe than my new zl1. M6 is $120/mo compared to $70 through Ameriprice
Appreciate 0
      08-10-2018, 11:21 AM   #4
TT BT
The cars we drive say a lot about us.
TT BT's Avatar
United_States
25
Rep
118
Posts

Drives: 2013 F13 M6 Coupe
Join Date: Oct 2014
Location: Chicago,IL

iTrader: (0)

what year ??? I pay for my '13 F13 m6 , $108 a month which is $1296 a year, i have state farm
__________________
A bad day at the Racetrack beats a good day at the office
Appreciate 0
      08-10-2018, 02:51 PM   #5
rsuhandy
Second Lieutenant
rsuhandy's Avatar
61
Rep
261
Posts

Drives: F06M6;F10 550; I01 I3; 958 SEH
Join Date: Oct 2017
Location: San Diego

iTrader: (0)

About $1200 for comprehensive.
2014 M6GC
Appreciate 0
      08-11-2018, 12:19 PM   #6
spikespiegel
Private First Class
United_States
44
Rep
146
Posts

Drives: BMW M6 comp
Join Date: Dec 2016
Location: California

iTrader: (0)

Garage List
113 / month for a 2014M6 Coupe Comppack. I'm 33 and married and have 3 other cars and 4 bikes thru Geico. Not a bad deal!
Appreciate 0
      08-11-2018, 12:39 PM   #7
Kkgy79
Private
3
Rep
69
Posts

Drives: 2013 m5
Join Date: Nov 2016
Location: Usa

iTrader: (0)

Quote:
Originally Posted by spikespiegel View Post
113 / month for a 2014M6 Coupe Comppack. I'm 33 and married and have 3 other cars and 4 bikes thru Geico. Not a bad deal!
How about deductible? Is it 500/500?
Im geico too but paying almost 200
Appreciate 0
      08-12-2018, 01:58 AM   #8
MelbourneFinn
Private
Australia
9
Rep
53
Posts

Drives: 2017 M6 GC
Join Date: Dec 2017
Location: Melbourne, Australia

iTrader: (0)

Garage List
I think Australia needs more competition on insurance market... I’m paying appr. $3k USD per year for a 2017 M6 GC (comprehensive) - and this is the cheapest by a margin you can find. How does this compare to NZ? Fair enough, car prices are significantly higher than in the US - a really “good deal” low mileage M6 GC would be in the range of $120-130k USD (MSRP when new was appr. $240k +4% on road costs USD)... But still, I don’t think the insurance cost should be 3 times higher than what you guys are paying...
Appreciate 0
      08-14-2018, 12:23 PM   #9
Flying Ace
Major General
Flying Ace's Avatar
United_States
3420
Rep
9,860
Posts

Drives: M6GC ZCP, X5d
Join Date: Jul 2014
Location: SF, CA

iTrader: (5)

Lol... comparing insurance rates across variables like zip codes, companies, lines of coverage, coverage levels, deductibles, credit scores, claim histories, driving histories, age, sex is pointless.

The way you shop for insurance is, you get one quote with the declarations and you blast it out to all the companies and let them compete. But since you asked, I pay $1400 per year. But to get to my rate, I have:

State Farm
770 FICO (yes your credit score factors into your insurance rates)
$2mm of assets covered (my umbrella decreases my auto insurance coverage to state minimums)
Home and 2 cars mulitline discount
15 year customer loyalty discount
low mileage discount
no accidents
1 speeding ticket in the last 8 years
1 comprehensive claim on a scratch
SF Zip code.
36, married, kids.

And if I were to shop for auto insurance myself, I would have to give them my full $2mm of declarations to be comparing apples to apples.

Last edited by Flying Ace; 08-14-2018 at 12:32 PM.
Appreciate 0
      08-14-2018, 01:31 PM   #10
brad850csi
Major
247
Rep
1,017
Posts

Drives: 16 F13 M6 Comp
Join Date: Jan 2015
Location: Auckland, New Zealand

iTrader: (0)

Quote:
Originally Posted by MelbourneFinn View Post
I think Australia needs more competition on insurance market... I’m paying appr. $3k USD per year for a 2017 M6 GC (comprehensive) - and this is the cheapest by a margin you can find. How does this compare to NZ? Fair enough, car prices are significantly higher than in the US - a really “good deal” low mileage M6 GC would be in the range of $120-130k USD (MSRP when new was appr. $240k +4% on road costs USD)... But still, I don’t think the insurance cost should be 3 times higher than what you guys are paying...
I pay $2200 a year for full cover. Note that even though my car was 18 months old and done 7000km it was only $138k so of course is insured for that much. Your car is probably insured for more. New the RRP was $285k but over here there are massive discounts on the M6, most are sold at about $220-240k
Appreciate 0
      08-14-2018, 02:52 PM   #11
MelbourneFinn
Private
Australia
9
Rep
53
Posts

Drives: 2017 M6 GC
Join Date: Dec 2017
Location: Melbourne, Australia

iTrader: (0)

Garage List
Yes, correct, mine is insured for “market value” - new for old replacement if full loss during the first 2 years. But the funniest thing is that the insurance cost tends to go up when despite the car depreciating... So something is wrong with the Australian insurance market... My F13 was at the end insured for comparable value to yours now, but still the insurance cost was appr. $3500 AUD, so nearly double to yours (assuming $2.2k is NZD)... Maybe there are so many !diots Driving M6s in Australia so insurance companies risk rating is miserable...
Appreciate 0
      08-14-2018, 03:21 PM   #12
Flying Ace
Major General
Flying Ace's Avatar
United_States
3420
Rep
9,860
Posts

Drives: M6GC ZCP, X5d
Join Date: Jul 2014
Location: SF, CA

iTrader: (5)

Quote:
Originally Posted by MelbourneFinn View Post
I think Australia needs more competition on insurance market... I’m paying appr. $3k USD per year for a 2017 M6 GC (comprehensive) - and this is the cheapest by a margin you can find. How does this compare to NZ? Fair enough, car prices are significantly higher than in the US - a really “good deal” low mileage M6 GC would be in the range of $120-130k USD (MSRP when new was appr. $240k +4% on road costs USD)... But still, I don’t think the insurance cost should be 3 times higher than what you guys are paying...

Quote:
Originally Posted by MelbourneFinn View Post
Yes, correct, mine is insured for “market value” - new for old replacement if full loss during the first 2 years. But the funniest thing is that the insurance cost tends to go up when despite the car depreciating... So something is wrong with the Australian insurance market... My F13 was at the end insured for comparable value to yours now, but still the insurance cost was appr. $3500 AUD, so nearly double to yours (assuming $2.2k is NZD)... Maybe there are so many !diots Driving M6s in Australia so insurance companies risk rating is miserable...
we can't even compare country to country!

Firstly, we have to figure out the exchange rate equivalent, and even if we did, we have to assess what 1 NZD buys you vs 1 USD. (PPP or https://en.wikipedia.org/wiki/Big_Mac_Index)

Secondly, as I described in my post, the insurance industry in the US runs on those factors for pricing. In the US they don't look at "market value". They look at estimated cost of parts replacement per accident for the car, the car's risk rating (a Lancer Evolution was rated a street legal race car) and the general accident rates of that type of car. Every company runs its own numbers differently and assesses risks differently.
__________________
12 AW/Cinnamon X5 Diesel Urban Assault Vehicle
14 AW M6GC ZCP, MPE, e-wheel, vorsteiner spoiler
08 SSII E90 M3 (Sold!)
Appreciate 0
      08-17-2018, 10:02 AM   #13
murdered_m6
Registered
United_States
0
Rep
4
Posts

Drives: M6-Coupe-STAGE 3
Join Date: Jun 2018
Location: New Jersey

iTrader: (0)

:)

i pay 1.2k a month because of my past DL history with geico full cov.....
Appreciate 0
      10-27-2018, 08:00 PM   #14
Reggie_2005
Second Lieutenant
Reggie_2005's Avatar
United_States
186
Rep
271
Posts

Drives: 2013 BMW M6
Join Date: Feb 2017
Location: Cleveland, Ohio

iTrader: (0)

332 a month.

but i have tickets out the ass so.....
__________________
“All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger.”

— Herman Goering at the Nuremberg trials
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 07:34 AM.




6post.com
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
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