E90Post
 


 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Canada > Insurance quote 5K a year anyone know any cheap insurance companies?



Reply
 
Thread Tools Search this Thread
      11-07-2012, 12:31 AM   #1
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Insurance quote 5K a year anyone know any cheap insurance companies?

Hey guys I'm new to this site I'm 18 years old and just recently was lucky enough to get a 2008 BMW 335xi coupé. Last December I had totalled my 350z and parents refused to purchase me another car until now. For my last car i drove the Z year round my insurance was 2200ish a month and I haven't been insured since I totalled my Z. So yesterday I go to get an insurance quote as the secondary driver on the policy however it's going to cost me 5K per year!! I was wondering if anyone knew any ways I could lower my insurance cost because I'm a full time student in university right now and ~400 a month out of my pocket for just insurance feels pretty unaffordable at the moment. Any advice would help guys, appreciated bigtime!
Harvy is offline  
0
Reply With Quote
      11-07-2012, 12:53 AM   #2
chenx15
Lieutenant
 
Drives: 335i/accord
Join Date: Jan 2010
Location: yyz

Posts: 546
iTrader: (1)

johnsons unifund?
__________________
chenx15 is offline  
0
Reply With Quote
      11-07-2012, 12:57 AM   #3
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Quote:
Originally Posted by chenx15 View Post
johnsons unifund?
Are they generally cheaper than Intact? :/
Harvy is offline  
0
Reply With Quote
      11-07-2012, 01:04 AM   #4
chenx15
Lieutenant
 
Drives: 335i/accord
Join Date: Jan 2010
Location: yyz

Posts: 546
iTrader: (1)

usually they are the cheapest
__________________
chenx15 is offline  
0
Reply With Quote
      11-07-2012, 06:11 AM   #5
ELITE_TRAYUNZE
Captain
 
ELITE_TRAYUNZE's Avatar
 
Drives: AW 07 E90 328i Sport
Join Date: Oct 2008
Location: Vancouver, BC

Posts: 628
iTrader: (1)

Why would your parents buy you a BMW, but expect you to pay for insurance? My advice is either get your parents to pay your insurance, or tell them to buy you a Honda instead...
ELITE_TRAYUNZE is offline   Canada
0
Reply With Quote
      11-07-2012, 12:09 PM   #6
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Quote:
Originally Posted by ELITE_TRAYUNZE View Post
Why would your parents buy you a BMW, but expect you to pay for insurance? My advice is either get your parents to pay your insurance, or tell them to buy you a Honda instead...
They want me to be independent and I work about 27 hours a weeks but i begged them for so long for this car under the condition that I'd pay insurance and gas
Harvy is offline  
0
Reply With Quote
      11-07-2012, 12:16 PM   #7
Havok_2011
 
Havok_2011's Avatar
 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

Posts: 3,009
iTrader: (7)

Congrats on the new car...I still miss my 350z, such a fun car to drive.

Have you tried www.kanetix.com to search for the best insurance deals? Give it a shot.
Havok_2011 is offline   Canada
0
Reply With Quote
      11-07-2012, 12:22 PM   #8
e90sexion
E 9 0 S E X I O N
 
e90sexion's Avatar
 
Drives: M3, Z4MC
Join Date: Sep 2006
Location: Vancouver/WA

Posts: 6,324
iTrader: (16)

i dont get it, you paid $2200 a month for insurance? and you are one lucky man your parents buying you a car even after you total a car.
e90sexion is online now   Canada
0
Reply With Quote
      11-07-2012, 12:27 PM   #9
DerekC
Private
 
Drives: 328i e92
Join Date: Jan 2012
Location: Mississauga

Posts: 56
iTrader: (1)

am i the only person who sees how ridiculous this thread is?
DerekC is offline  
0
Reply With Quote
      11-07-2012, 12:43 PM   #10
abhishriv
Major
 
Drives: 2007 335i Coupe (Space grey)
Join Date: Oct 2011
Location: Toronto

Posts: 1,279
iTrader: (0)

do you mean you paid 2200 a year? 2200 a month is INSANE! thats more than the monthly lease payment for a V10 R8 (not actually sure but im pretty sure its about that much).

if your parents can buy you that car after you've already totalled a 350z. i suspect they're trying to teach you a lesson here
abhishriv is offline  
0
Reply With Quote
      11-07-2012, 12:46 PM   #11
Havok_2011
 
Havok_2011's Avatar
 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

Posts: 3,009
iTrader: (7)

Quote:
Originally Posted by DerekC View Post
am i the only person who sees how ridiculous this thread is?
Considering I went to Forest Hill Collegiate, OP's thread does not sound too ridiculous to me. I met quite a few people/kids that had wealthy families giving them toys. I was always so jealous, I used to brag about my own ride at the time....TTC lol
Havok_2011 is offline   Canada
0
Reply With Quote
      11-07-2012, 12:47 PM   #12
Havok_2011
 
Havok_2011's Avatar
 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

Posts: 3,009
iTrader: (7)

Quote:
Originally Posted by abhishriv View Post
do you mean you paid 2200 a year? 2200 a month is INSANE! thats more than the monthly lease payment for a V10 R8 (not actually sure but im pretty sure its about that much).

if your parents can buy you that car after you've already totalled a 350z. i suspect they're trying to teach you a lesson here
Oh shit I just saw that he posted 2200 a MONTH lols!!!

Ok yeah, this is ridiculous.
Havok_2011 is offline   Canada
0
Reply With Quote
      11-07-2012, 01:09 PM   #13
bobblehead
Brigadier General
 
bobblehead's Avatar
 
Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

Posts: 3,720
iTrader: (0)

How can that be $2200 per month. That's insane. it should be a typo. should be per year.

Now, he qot quoted for $5000 a year. That sounds like he has been classified as high risk driver. I knew someone paid over $10,000 a year for insurance (extreme high risk driver with multiple tickets conviction, insurance claims, etc.) and his parents shelled out his premium. btw, he drove a GTI.
bobblehead is offline   Canada
0
Reply With Quote
      11-07-2012, 01:27 PM   #14
Havok_2011
 
Havok_2011's Avatar
 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

Posts: 3,009
iTrader: (7)

Quote:
Originally Posted by bobblehead View Post
How can that be $2200 per month. That's insane. it should be a typo. should be per year.

Now, he qot quoted for $5000 a year. That sounds like he has been classified as high risk driver. I knew someone paid over $10,000 a year for insurance (extreme high risk driver with multiple tickets conviction, insurance claims, etc.) and his parents shelled out his premium. btw, he drove a GTI.
Yup it makes sense to be per year, which is what I first thought he said.

When I had the 350z I was with high risk insurance and it was around $6k per year.
Havok_2011 is offline   Canada
0
Reply With Quote
      11-07-2012, 02:42 PM   #15
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

My bad $2200 a year guys hahah major typo
Harvy is offline  
0
Reply With Quote
      11-07-2012, 02:45 PM   #16
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Quote:
Originally Posted by DerekC View Post
am i the only person who sees how ridiculous this thread is?
If you find it ridiculous you don't have to comment man :/ I'm just looking for some advice because I feel like if anyone could give me some it would be here
Harvy is offline  
0
Reply With Quote
      11-07-2012, 02:48 PM   #17
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Quote:
Originally Posted by Havok_2011 View Post
Congrats on the new car...I still miss my 350z, such a fun car to drive.

Have you tried www.kanetix.com to search for the best insurance deals? Give it a shot.
hahah yeah 350z was amazing man I just loved going out to an empty parking lot and just taking corners as fast as I could hahaa I dunno why, but it was always so much fun to drive
Harvy is offline  
0
Reply With Quote
      11-07-2012, 02:50 PM   #18
Harvy
New Member
 
Drives: E92 335xi coupe black stock
Join Date: Oct 2012
Location: Calgary, AB, Canada

Posts: 22
iTrader: (0)

Quote:
Originally Posted by Havok_2011 View Post
Congrats on the new car...I still miss my 350z, such a fun car to drive.

Have you tried www.kanetix.com to search for the best insurance deals? Give it a shot.
I tried kanetix but it said to call a broker because they couldn't give me a quote online, was just looking for some of the cheapest places to start
Harvy is offline  
0
Reply With Quote
      11-07-2012, 04:54 PM   #19
Zebra99
Colonel
 
Zebra99's Avatar
 
Drives: 2011 335is E93
Join Date: Aug 2011
Location: Ontario

Posts: 2,286
iTrader: (5)

Garage List
Lol man you're 18 with a 335i coupe...what did you expect?

In any case ill try and be helpful while I shake my head at this nonsense of you being that age and parents buying you a luxury car lol.

If you were held at fault for that "total loss" and given your age it's likely that you are now classified high risk.

If you are under your parents policy as an "occasional driver" this is the best way to save $$. They however might be insured with a co. that charges high rates anyways.

Many insurers such as intact, unifund, the personal all have group/student rates, but your be primary and likely pay as much if not more.

Lastly, keep in mind in the past 2yrs insurers have been approved for 8%-20% rate increases on auto lines.

Try the above insurers and discuss with your broker where you are being "dinged". Could be the accident, tickets, likely age and the insurer.

Cheers,

N
Zebra99 is offline   Canada
0
Reply With Quote
      11-07-2012, 05:16 PM   #20
Koreyy
KOrey
 
Drives: 335i Coupe
Join Date: May 2012
Location: Philadelphia

Posts: 547
iTrader: (5)

Garage List
2008 BMW 335i  [0.00]
Lol i had 350z when i was 19 and totaled it and next i just grabbed Acura TSX but what i did was i kept my same insurance until i get the Acura so im in safe connection with the insurance what i had on Z. However Mine went up to $380 a month cuz i guess its brand new Car and insurance put it as luxury car with Acura. I almost paid same for three years due to had two small accident and got last year CPO 08 335i and its almost same now.
Koreyy is offline   United_States
0
Reply With Quote
      11-07-2012, 11:06 PM   #21
MrPig
Major
 
MrPig's Avatar
 
Drives: '11 STI, '90 325iS
Join Date: Aug 2011
Location: Toronto, Ontario, Canada

Posts: 1,198
iTrader: (0)

Garage List
1990 BMW 325is  [5.00]
Quote:
Originally Posted by Havok_2011 View Post
Considering I went to Forest Hill Collegiate
Oh hey, me too! Class of '04.
__________________
MrPig is offline   Canada
0
Reply With Quote
      11-08-2012, 06:35 AM   #22
MOAB
Major
 
MOAB's Avatar
 
Drives: Porsche & BMW
Join Date: Dec 2006
Location: Toronto

Posts: 1,077
iTrader: (0)

Quote:
Originally Posted by Zebra99 View Post
Lol man you're 18 with a 335i coupe...what did you expect?

In any case ill try and be helpful while I shake my head at this nonsense of you being that age and parents buying you a luxury car lol.

If you were held at fault for that "total loss" and given your age it's likely that you are now classified high risk.

If you are under your parents policy as an "occasional driver" this is the best way to save $$. They however might be insured with a co. that charges high rates anyways.

Many insurers such as intact, unifund, the personal all have group/student rates, but your be primary and likely pay as much if not more.

Lastly, keep in mind in the past 2yrs insurers have been approved for 8%-20% rate increases on auto lines.

Try the above insurers and discuss with your broker where you are being "dinged". Could be the accident, tickets, likely age and the insurer.

Cheers,

N
maybe in 2008 it was a luxury car. maybe.
__________________
March-November - '09 C4S (PDK, Akrapovic)
December-February - '00 323 (only mod - snow tires)
MOAB is offline   Canada
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 06:10 PM.




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