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      09-18-2013, 01:44 PM   #1
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BMW Performance Insurance invitation

Hey Everyone

I received an envelope from BMW the other day, I must say, I was impressed with the packaging of the letter itself. It wasn't folded, rather put into a document envelope..its the details that matter. Anyway, long story short, Liberty mutual is now working together with BMW and are offering insurance programs for BMW drivers. I'm almost 25, own my house and car outright, with no claims or tickets on my record. With StateFarm, I'm paying $850/6 months.


Has anyone switched to the BMW performance Insurance coverage? Thoughts? Pros/Cons

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      09-18-2013, 01:52 PM   #2
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I got a policy with them over a year ago because they offer a 1 year term over the 6 months of other brands that cost almost the same(for the year). Thanks to a ticket, I pay 2200 for the year with two cars, expect it to go up when I move to San Diego and buy a house.

Filed a claim with them last year and I thought it was a pretty painless process since I never had to file a claim before and all work is guaranteed to be handled by BMW Collision Centers.
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      09-19-2013, 12:08 PM   #3
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I'm 24 and I pay $75 a month through Geico for good coverage.
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      09-19-2013, 04:33 PM   #4
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Quote:
Originally Posted by ericfox11 View Post
I'm 24 and I pay $75 a month through Geico for good coverage.
"good coverage"
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      09-19-2013, 04:37 PM   #5
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Well then you guys have something to look forward to when you get old because I pay like 1800/year for 3 cars no deductible (but I am old, live 10 miles outside of boston in the suburbs and don't have any tickets!)
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      09-19-2013, 04:42 PM   #6
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Quote:
Originally Posted by DRock3d View Post
"good coverage"
On his parents policy
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      09-19-2013, 04:48 PM   #7
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Originally Posted by Hirschman View Post
On his parents policy
Who are 70
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      09-19-2013, 05:04 PM   #8
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I'm 25 years old and I pay $68 a month ($408/6 months) for full coverage ($1,000 collision deductible, $500 comprehensive) with good bodily injury liability and property damage coverage as well.. I also have 2 minor violations. Sounds like some of you guys need to shop around for better rates.
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      09-19-2013, 05:06 PM   #9
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I've gotten this same offer from them several times over the past two years. I called to check on it once, and their quote was nearly double what I'm paying Progressive

For the record, I pay $2k a year, have $100 deductibles, coverage is above state minimums, gap insurance, $10k in coverage for mods, and one ticket on my record in 2010. Turning 30 tomorrow.
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      09-19-2013, 05:08 PM   #10
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Quote:
Originally Posted by ericfox11 View Post
I'm 24 and I pay $75 a month through Geico for good coverage.
Quote:
Originally Posted by DRock3d View Post
"good coverage"
Quote:
Originally Posted by Hirschman View Post
On his parents policy
Quote:
Originally Posted by DRock3d View Post
Who are 70
LOL

Quote:
Originally Posted by brinkmann View Post
I'm 25 years old and I pay $68 a month ($408/6 months) for full coverage ($1,000 collision deductible, $500 comprehensive) with good bodily injury liability and property damage coverage as well.. I also have 2 minor violations. Sounds like some of you guys need to shop around for better rates.
location can also make a HUGE difference. insurance for someone out in the sticks will be completely different from someone right smack in the middle of Manhattan NY.

comparing insurance rates on the internet with people all over the world is completely useless.
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      09-19-2013, 05:09 PM   #11
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      09-19-2013, 08:03 PM   #12
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When I got the offer from Liberty Mutual, I let them do a quote for me. They actually got pretty close to what I am paying with State Farm, but close is not good enough for me to switch.

The only way to figure out what to do is to contact the various insurance companies and have them do a quote for you. Insurance varies far too widely by too many factors for the information from a random Internet forum to be of any use. I do this every couple years, so far, the overall package of car and homeowner's insurance from State Farm has not been beat for me in a dozen years.
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      09-20-2013, 08:58 AM   #13
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I live in downtown Houston, on my own policy. If I was on my parents policy, who were 70, why would I put my payment as an example for the OP to compare to? Sorry for trying to help him out.

And I define "good coverage" as $100,000 Property and $300,000 Bodily Injury, $500 deductible and rental reimbursement.
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      09-20-2013, 10:49 AM   #14
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Two keys to good auto insurance rates:
1. No tickets/chargeable accidents
2. Good credit score (Over 750 is best)
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      09-20-2013, 11:20 AM   #15
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Quote:
Originally Posted by DRock3d View Post
Who are 70
lmfao i was just thinking that..no way your getting insured on a bmw for 75 bucks!
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      09-20-2013, 12:18 PM   #16
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Quote:
Originally Posted by ericfox11 View Post
I live in downtown Houston, on my own policy. If I was on my parents policy, who were 70, why would I put my payment as an example for the OP to compare to? Sorry for trying to help him out.

And I define "good coverage" as $100,000 Property and $300,000 Bodily Injury, $500 deductible and rental reimbursement.
What things did you do to your insurance agent for that deal
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      09-20-2013, 01:26 PM   #17
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Quote:
Originally Posted by TeinBMW View Post
lmfao i was just thinking that..no way your getting insured on a bmw for 75 bucks!
i pay the same for my 97 m3 in michigan. which has the 2nd highest premiums of the states.

97 m3 $75/month
06 330i $97/month
$100 comp / $500 collision. with no deductible if I'm not at fault. No mileage limit on either car.

$100k/$300k

Im in my upper 20's and have a squeaky clean driving record and a long standing policy with statefarm.
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      09-20-2013, 01:31 PM   #18
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Quote:
Originally Posted by TeinBMW
Quote:
Originally Posted by DRock3d View Post
Who are 70
lmfao i was just thinking that..no way your getting insured on a bmw for 75 bucks!
Ha. I pay less than that....and got the car brand new
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      09-20-2013, 01:40 PM   #19
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comparing a premium of a car in a policy that has multiple cars (2 or more) is so not the same as the premium of a car in a policy that only has that one single car. LOL
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      09-20-2013, 01:53 PM   #20
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Im 24 I Pay 590 For 6 Months With 1000 Deductable And Full Coverage
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      09-20-2013, 02:37 PM   #21
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Ha. I pay less than that....and got the car brand new
whats your coverage like if you dont mind me asking?
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      09-20-2013, 02:42 PM   #22
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Quote:
Originally Posted by TeinBMW View Post
lmfao i was just thinking that..no way your getting insured on a bmw for 75 bucks!
Are you saying I'm wasting my time making up how much I pay for my insurance?

I didn't know credit score played much of a role but I saw someone mentioned it above. And I have nothing on my driving record.

So I guess that's what I did to get a good deal? I'm not sure, a ton of my friends have been converting to Geico though as they generally are the best bang for the buck.
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