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      08-10-2018, 10:40 AM   #1
Kkgy79
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F13 m6 insurance

Hello
Just curious how much u guys pay for insurance yearly?
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      08-10-2018, 11:08 AM   #2
mberbic
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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..
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      08-10-2018, 11:20 AM   #3
Jesse E93
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I pay more for my 14’ m6 gran coupe than my new zl1. M6 is $120/mo compared to $70 through Ameriprice
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      08-10-2018, 11:21 AM   #4
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what year ??? I pay for my '13 F13 m6 , $108 a month which is $1296 a year, i have state farm
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      08-10-2018, 02:51 PM   #5
rsuhandy
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About $1200 for comprehensive.
2014 M6GC
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      08-11-2018, 12:19 PM   #6
spikespiegel
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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!
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      08-11-2018, 12:39 PM   #7
Kkgy79
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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
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      08-12-2018, 01:58 AM   #8
MelbourneFinn
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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...
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      08-14-2018, 12:23 PM   #9
Flying Ace
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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..
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      08-14-2018, 01:31 PM   #10
brad850csi
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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
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      08-14-2018, 02:52 PM   #11
MelbourneFinn
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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...
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      08-14-2018, 03:21 PM   #12
Flying Ace
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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.
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      08-17-2018, 10:02 AM   #13
murdered_m6
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:)

i pay 1.2k a month because of my past DL history with geico full cov.....
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      10-27-2018, 08:00 PM   #14
Reggie_2005
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332 a month.

but i have tickets out the ass so.....
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      05-02-2023, 04:44 AM   #15
Shinra
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I pay 720 annually, with multi car, and home discount. State Farm. got no issues yet.
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      05-02-2023, 08:19 AM   #16
Infamous039
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I pay $125 a month here in Jersey full coverage through State Farm. Car just got totaled so that will end shortly.
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      05-02-2023, 04:21 PM   #17
LA640WS
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Congrats! Some of you are getting brilliant rates! I'm currently paying 8k with Farmers for an F12 vert and SL63. I was paying 5K for the same Bimmer and XKR before the jag got totaled out after hit-and-run. LA County pricing. Car chases and 1/3 of the vehicles non-insured, registered or being operated by a licensed driver.
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      05-22-2023, 04:27 PM   #18
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Full coverage in Georgia through progressive is $255 a month. Might switch though cause i think i get discounts with certain insurance companies with my job.

Im 22, with nothing on my record. Cant wait to hit 25 for it to lower some.
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      05-22-2023, 05:25 PM   #19
jjgrizz73
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$1090 a year full coverage
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