E90Post
 


MINHS Auto Care Center
 
BMW 3-Series (E90 E92) Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Best Way To Get Auto Insurance For Foreigner ?



Reply
 
Thread Tools Search this Thread
      09-09-2012, 06:51 PM   #1
hl0m4n
Brigadier General
 
hl0m4n's Avatar
 
Drives: BMW
Join Date: Nov 2006
Location: NY

Posts: 4,838
iTrader: (41)

Question Best Way To Get Auto Insurance For Foreigner ?

so my friend from korea got relocated here for work. we found him a place but we are having a huge difficulties with auto insurance. here are the possibilities we tried but exhausted.

1. get insurance through the company: because this is a start up company in the us, they are not offering it.

2. get insurance from same insurance company from korea: they wanted to charge $814 a month

3. shop for any car insurance in us: $10,000+ a year

i guess this is because he does not have driving history here in the states?

any other ways on getting him insurance? i was thinking i can put his lease under my name and he would pay me upfront for the entire term but then it came to me the insurance would be under my name, in the event he got in an accident or tickets my insurance would go up. so that is a no go...

you guys got any other ideas?
__________________
Cars: 07 335i ► 09 328i ► 11 328xi ► 13 M3
Reviews: 335i Supersprint Exhaust, C/F Trim Wrap, Alcantara Boots, VMR V710, Saikou Michi OCC, Royal Steering Wheel
For Sale:
Want To Buy:
hl0m4n is offline   United_States
0
Reply With Quote
      09-09-2012, 09:22 PM   #2
BigDog
Captain
 
Drives: E90 and E65
Join Date: Jul 2005
Location: Chicago

Posts: 729
iTrader: (1)

might wanna ask chelsea about that one
__________________
BigDog is offline   United_States
0
Reply With Quote
      09-10-2012, 11:42 AM   #3
DSB335d
Lieutenant
 
Drives: '11 335d DSB/oyster&black/navi
Join Date: Dec 2011
Location: West palm beach

Posts: 535
iTrader: (0)

Relocate close to work; walk/ ride a bike.
DSB335d is offline  
0
Reply With Quote
      09-10-2012, 11:58 AM   #4
upstatedoc
Drone Expert
 
upstatedoc's Avatar
 
Drives: '09 BMW 328ix
Join Date: Dec 2009
Location: NY

Posts: 1,416
iTrader: (1)

Drive without insurance? A lot of people do it.
__________________
2014 Dodge Durango R/T //Diablosports Tuning
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast.
upstatedoc is offline  
0
Reply With Quote
      09-10-2012, 01:00 PM   #5
Maestro
Captain
 
Drives: 2007 335i Sedan
Join Date: Nov 2006
Location: Philadelphia

Posts: 858
iTrader: (0)

Your friend is not the first person to be relocated to the US for work so this is not a unusual occurrence. Even is he has no history in the US as driver it should be no different than a teen driver and as such his insurance should be about the same as any new driver which is around $1500 to $2000 per year for just liability.

Are you trying to shop the online guys like Progressive or Geico if so try going to one of the major insurance companies with real agents like State Farm or Allstate and see what they say. Go talk to them in person and not do the online thing since this could be a situation which website do not cover. I bet if he had insurance in his home country and not had any claims and can show proof of insurance they will take that into consideration.

Obviously if he driving a very expense car and wants crazy full coverage it will cost a lot.

Last edited by Maestro; 09-10-2012 at 03:08 PM.
Maestro is offline  
0
Reply With Quote
      09-10-2012, 02:31 PM   #6
smyles
Private First Class
 
Drives: X5
Join Date: Jan 2012
Location: DC

Posts: 179
iTrader: (0)

If he's working here legally, i.e. has work visa & SSN, he should have no problems getting US license (? - unless all this post-9/11 / Arizona / etc. developments have really changed things around); after that getting car insurance @ reasonable rates will be as easy as for anyone else.
smyles is offline  
0
Reply With Quote
      09-13-2012, 12:41 AM   #7
munchkins
New Member
 
Drives: 2002 BMW 745i
Join Date: Sep 2012
Location: here and there

Posts: 6
iTrader: (0)

Registering it under your name is a big no-no. Let him have his own insurance so he knows how to take care of those things. Why not shop around and maybe you'll find an insurance company that offers very cheap rates
munchkins is offline  
0
Reply With Quote
      09-13-2012, 05:13 PM   #8
Orange fever
Lieutenant Colonel
 
Orange fever's Avatar
 
Drives: E46M,E90M,X5M,ClassicMiniB16m
Join Date: Dec 2007
Location: in the hood!!!

Posts: 1,567
iTrader: (4)

Go to a self own ins.
They know how to go around this.
__________________

X5M E70 Black Sapphire Metallic,VF Engineering Hex Flash Software,Vorsteiner-FrontSpoiler/RearDiffuser
/Classic mini"71 w/vtec motor
Orange fever is online now   Thailand
0
Reply With Quote
      09-15-2012, 04:02 PM   #9
kevinbahnz
Lieutenant
 
kevinbahnz's Avatar
 
Drives: 2008 335xi sedan
Join Date: Aug 2008
Location: Ma-NC

Posts: 478
iTrader: (1)

does your friend have a divers license in the US?
__________________
<img src=http://i189.photobucket.com/albums/z164/kevinbahnz/08-23-2008030.jpg border=0 alt= />
kevinbahnz is offline  
0
Reply With Quote
      09-15-2012, 04:48 PM   #10
Seminole
Colonel
 
Seminole's Avatar
 
Drives: Red Flyer
Join Date: Aug 2008
Location: 38.8977 N, 77.0366 W

Posts: 2,028
iTrader: (2)

Garage List
2008 E90 328i  [3.50]
Your friend is doing something wrong. We had 3 guys from South Africa come over and work for us and all 3 had zero history of driving in the US, a credit score, or anything. Once they got a SSN with their work visa's they were able to get a license and insurance and buy a car. They were paying a lot for their insurance(around 2-3K) but not unreasonable for someone with no driving history.
__________________
Seminole is offline   United_States
0
Reply With Quote
      09-16-2012, 01:40 PM   #11
Baremeg55
Private First Class
 
Drives: 2012 Z4
Join Date: Feb 2012
Location: Houston

Posts: 166
iTrader: (0)

Quote:
Originally Posted by hl0m4n
so my friend from korea got relocated here for work. we found him a place but we are having a huge difficulties with auto insurance. here are the possibilities we tried but exhausted.

1. get insurance through the company: because this is a start up company in the us, they are not offering it.

2. get insurance from same insurance company from korea: they wanted to charge $814 a month

3. shop for any car insurance in us: $10,000+ a year

i guess this is because he does not have driving history here in the states?

any other ways on getting him insurance? i was thinking i can put his lease under my name and he would pay me upfront for the entire term but then it came to me the insurance would be under my name, in the event he got in an accident or tickets my insurance would go up. so that is a no go...

you guys got any other ideas?
One thing I've done moving overseas and back is have each insurance company write a letter, basically stating (factual) that I/we have had NO CHARGEABLE accidents while insured, and providing dates of coverage.

For anyone being transferred to Europe, this will save you tremendous amounts of money on your auto insurance. For instance, in the UK, you get 10% discount per year of accident free (non-chargeable) driving, maxed out at 60%. In Norway, it maxes out at 70%. Obviously, the USA will never consider such a heavily discounted program as does Europe. Imagine paying only 30% of your current rate if the USA adopted such a heavy discounted program. As I recall, first accident you loss 0 or 10% of the discount, next accident within the next year or two drops like another 20% from your discount.

But back to my point, perhaps IF your friend drove a car in his home country, he could obtain a letter from his insurance company stating he had driven x number of years without a chargeable accident, if indeed this is the case. He might be able to parlay that into lower rates, maybe not, but worth a try.
Baremeg55 is offline  
0
Reply With Quote
      09-16-2012, 01:46 PM   #12
Baremeg55
Private First Class
 
Drives: 2012 Z4
Join Date: Feb 2012
Location: Houston

Posts: 166
iTrader: (0)

Quote:
Originally Posted by hl0m4n
so my friend from korea got relocated here for work. we found him a place but we are having a huge difficulties with auto insurance. here are the possibilities we tried but exhausted.

1. get insurance through the company: because this is a start up company in the us, they are not offering it.

2. get insurance from same insurance company from korea: they wanted to charge $814 a month

3. shop for any car insurance in us: $10,000+ a year

i guess this is because he does not have driving history here in the states?

any other ways on getting him insurance? i was thinking i can put his lease under my name and he would pay me upfront for the entire term but then it came to me the insurance would be under my name, in the event he got in an accident or tickets my insurance would go up. so that is a no go...

you guys got any other ideas?
To OP, having read your post again, things just don't add up. There must be some extenuating circumstances that is driving your friends rates up, so not sure we are getting the full picture here. My employer has countless folks transferred to the USA that do not pay such high rates as you have mentioned, nor have issues finding competitive rates as would an American citizen.

Okay, if he is 18-21, driving a Lamborghini with full coverages at the minimum deductibles, I can see this scenario, otherwise, something is amiss.
Baremeg55 is offline  
0
Reply With Quote
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
Forum Jump


All times are GMT -5. The time now is 11:25 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, 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