Insurance quotes. Seriously?

[SteA]

It almost seems that a personal claims history counts for pretty much nothing anymore, which is somewhat bizarre. 19 years without claims, accidents or convictions would tend to suggest that the likelihood of me making a claim, whatever the car I drive, is pretty unlikely to say the least. Especially as I have also been living at the same address for 10 years and have the same job (University Lecturer).

But if you try and insure an E36 M3 in a Manchester postcode (With Eibach coilovers and K & N induction), then please bring your own vaseline, as the insurers certainly wont. I've not paid more than £500 odd for the last 8 years on a variety of heavily modified, high bhp ditchfinders. The prices this year? 1200 -7000 (and there have been about 20 quotes in the 6-7k bracket). I think I may as well just insure a space shuttle. tts.

[kambites]

If you think it's massively overpriced, set up your own insurance company. It's a free market.

[Animal]

Zzzz....

[SteA]

kambites said:

If you think it's massively overpriced, set up your own insurance company. It's a free market.

you're right, I didnt think of that!

[iAlex]

I turned 25 today and insurance due for renewal in Jan. I've had the opposite today. Smile on my face as I can remove about half of my insurance budget and spend it on whatever the feck I want. I could buy a nice Omega with the drop in my insurance this year!

[The Moose]

iAlex said:

nice Omega

Oxymoron, no??

Cheers

The Moose

[nonuts]

I'll try not to crash again this year, HTH.

Try finding anyone that will even quote on an e36 M3 Evo when you just wrote off your car and have NO insurance experience of RWD cars. That was fun, ish.

[anonymous-user]

Yup, as has been discussed many times the prices have sky rocketed in the last 12 months.

I'm trying to get insurance for my 323ci and the cheapest I can find is £725 which is more than I paid last year.

Its a sad day but I've just stuck my car in the classifieds to see if i can get any biters, its time to get soemthing more sensible

[Jasandjules]

What about if you removed the mods?>

[J4CKO]

Its the M postcode and an M3 thats the problem, not you.

Its only going to get worse I expect after all the snow related bumps

[SteA]

anonymous said:

[redacted]

Clearly, my knowledge on this topic is lacking, my surprise is that a very long and clean driving record still produces such high premiums. The quotes seem to be based primarily on the car and postcode, which I wouldnt have thought is the main risk factor? Its just frustrating really.

[ImDesigner]

champ54321 said:

Yup, as has been discussed many times the prices have sky rocketed in the last 12 months.

I'm trying to get insurance for my 323ci and the cheapest I can find is £725 which is more than I paid last year.

Its a sad day but I've just stuck my car in the classifieds to see if i can get any biters, its time to get soemthing more sensible

But that's the issue. With all due respect a 323 coupe is hardly a performance monster worthy of an over inflated insurance premium. Car insurance is a rip off.

[htid]

My M3 evo insurance went up too from £313 to £331 this year, slightly annoying (28 with no no claims bonus)

[SteA]

Jasandjules said:

What about if you removed the mods?>

Not really practical and apparently they have had "minimal" impact on quotes. This is one of the few cars I've owned with so few mods. Maybe I need to attached a supercharger to it!

J4CKO said:

Its the M postcode and an M3 thats the problem, not you.

It is sadly.

[itz_baseline]

J4CKO said:

Its only going to get worse I expect after all the snow related bumps

.....and because the law firms make it so easy to add a 'whip-cash' claim to these bumps.

[SteA]

htid said:

My M3 evo insurance went up too from £313 to £331 this year, slightly annoying (28 with no no claims bonus)

You see, thats one my main questions, regardless of prices going up across the board, some people are still getting really low quotes on the same cars. No disrespect, but how on earth do they work that out? Who are you insured with?

[Gwagon111]

There will be large differences in the prices on M3s. Some insurers have had real issues with the amount of claims on these cars, some won't even touch them anymore

[TEKNOPUG]

I seem to remember a figure of £8 paid out for every £1 received in premiums for E36 M3s.

It's cheaper for me to insure a £200k Ferrari F40 via Confused.com than it is a £5k E36 M3.....

[Bolognese]

The insurance on my M3 is a joke. I’m 24 with 7 years NCB. Was quoted 1200, then they discovered I had 3 points (caught talking on the mob) so that ramped it up to £1700 then I wanted to pay monthly.. £2100

When I first got it at 21 it was £2800... for 10 months ins!!


Insurance -> "in case st happens"

[htid]

SteA said:

htid said:

My M3 evo insurance went up too from £313 to £331 this year, slightly annoying (28 with no no claims bonus)

You see, thats one my main questions, regardless of prices going up across the board, some people are still getting really low quotes on the same cars. No disrespect, but how on earth do they work that out? Who are you insured with?

No disrespect taken Just did a bit of shopping around and put it on a classic car policy through a broker. Try Peter Best and Need 2 Insure. (Beware though you don't build up a no claims bonus on a classic policy)