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      12-12-2014, 03:54 PM   #1
E92LNGCGY
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Insurance cost for M3/4 in Canada

I am just curious as to what everyone is paying for insurance on their M3/4. I understand this varies depending on where you live, age etc. but just wanted to get an idea.

Calgary, $169.xx a month, 32

In fact my X3 cost a bit more.
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      12-12-2014, 06:01 PM   #2
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My incremental wasn't too bad coming from my 335 - another $305 a year plus an additional $80 for a new rider providing full replacement coverage if my car is totaled within the first two years of ownership. I'm paying approximately $154 a month for a fully featured policy.
You're right that there are a lot of variables here to get an actual comparison point. Perhaps a better question to ask is the incremental cost and previously insured vehicle?
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      12-12-2014, 06:08 PM   #3
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Quote:
Originally Posted by hacxyzzy View Post
My incremental wasn't too bad coming from my 335 - another $305 a year plus an additional $80 for a new rider providing full replacement coverage if my car is totaled within the first two years of ownership. I'm paying approximately $154 a month for a fully featured policy.
You're right that there are a lot of variables here to get an actual comparison point. Perhaps a better question to ask is the incremental cost and previously insured vehicle?
Mine actually went down about $60 a month coming from a 335 coupe, which was quite surprising. The insurance coverage is exactly the same.
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      12-12-2014, 07:48 PM   #4
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4500 for 1 year. Vancouver.
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      12-12-2014, 07:55 PM   #5
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Below is the quote I got a couple of weeks ago for ICBC insurance for my M3 here in Vancouver. I have the maximum discount available in BC.
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      12-12-2014, 11:55 PM   #6
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Originally Posted by Lantern Rouge View Post
Below is the quote I got a couple of weeks ago for ICBC insurance for my M3 here in Vancouver. I have the maximum discount available in BC.

WTF! What a rip-off! You are either very young with poor driving record or just don't know how to negotiate lol
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      12-13-2014, 07:18 AM   #7
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WTF! What a rip-off! You are either very young with poor driving record or just don't know how to negotiate lol
?

Instead it about $100 per month? That seems pretty good.

Also, ICBC = no negotitiation.
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      12-13-2014, 07:19 AM   #8
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Quote:
Originally Posted by E92LNGCGY View Post
I am just curious as to what everyone is paying for insurance on their M3/4. I understand this varies depending on where you live, age etc. but just wanted to get an idea.

Calgary, $169.xx a month, 32

In fact my X3 cost a bit more.
Who insures you?

More generally, anyone have glass/windshield coverage up here'? What are terms (deduct etc) and cost?
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      12-13-2014, 09:33 AM   #9
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Quote:
Originally Posted by myzmak View Post
Who insures you?

More generally, anyone have glass/windshield coverage up here'? What are terms (deduct etc) and cost?
I discovered that my two year, complete replacement coverage, was a life saver when I had to replace my windshield due to kicked up stone:

http://f80.bimmerpost.com/forums/sho...light=hacxyzzy

Replacing the windshield cost $2K (I have the HUD too) but was completely covered with all paper work and payment resolved between my dealership and insurance company. Replacing the windshield took a day. Both home and auto are insured through Aviva.
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      12-13-2014, 09:53 AM   #10
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Quote:
Originally Posted by myzmak View Post
Who insures you?

More generally, anyone have glass/windshield coverage up here'? What are terms (deduct etc) and cost?
Allstate. If you want their contact let me know.

They insure glass etc but for me it wasn't really worth it (and the fact I purchase the protection program from BMW Gallery which covers glass, rock chip repairs and some scratches etc)

It was based on me paying the deductible and then my insurance goes up.
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      12-13-2014, 01:30 PM   #11
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$1500ish/year if I recall.
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      12-13-2014, 01:49 PM   #12
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I pay about $300/month with a $5500 deductible which is a 5% of the value of the car including taxes.My policy is quite high due to business use and 4000 kms a month use plus the fact I get surcharged for 2 speeding tickets in the last 3 years.The carrier is Northridge and I will shop for different coverage once the tickets come off my record.

My wife pays about $125/month for her X3 2.8d and she commutes about 50 kms/day.
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      12-13-2014, 03:02 PM   #13
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Quote:
Originally Posted by hacxyzzy View Post
I discovered that my two year, complete replacement coverage, was a life saver when I had to replace my windshield due to kicked up stone:

http://f80.bimmerpost.com/forums/sho...light=hacxyzzy

Replacing the windshield cost $2K (I have the HUD too) but was completely covered with all paper work and payment resolved between my dealership and insurance company. Replacing the windshield took a day. Both home and auto are insured through Aviva.
Quote:
Originally Posted by E92LNGCGY View Post
Allstate. If you want their contact let me know.

They insure glass etc but for me it wasn't really worth it (and the fact I purchase the protection program from BMW Gallery which covers glass, rock chip repairs and some scratches etc)

It was based on me paying the deductible and then my insurance goes up.
I have TD Meloche Monnex - via policy thru work. Not totally thrilled with them over the years (long but true story: had to sue them over a claim on my home policy after a skunk incident.....) but they are OK on cars.

Will be calling this week to get deets for what will be offered on the M3. Don't use it to commute and a totally clean record (no accidents, no tickets) so i am curious what this will cost.......
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      12-13-2014, 05:54 PM   #14
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Quote:
Originally Posted by GotEM4 View Post
WTF! What a rip-off! You are either very young with poor driving record or just don't know how to negotiate lol
Dooode... We're a bunch of Canadians, in the Canadian sub-forum, talking about insurance in Canada.

I stated and showed this was an ICBC quote with the maximum discount (-20 / -43%).

Your comments don't make any sense here. Thanks for dropping by though eh...
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      12-13-2014, 05:55 PM   #15
E92LNGCGY
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Quote:
Originally Posted by myzmak View Post
I have TD Meloche Monnex - via policy thru work. Not totally thrilled with them over the years (long but true story: had to sue them over a claim on my home policy after a skunk incident.....) but they are OK on cars.

Will be calling this week to get deets for what will be offered on the M3. Don't use it to commute and a totally clean record (no accidents, no tickets) so i am curious what this will cost.......
I was with TD they had great rates through a group discount but then Allstate came in and gave me a great rate.

My record is clean and I have the M listed as a leisure vehicle.
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      12-13-2014, 05:56 PM   #16
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Quote:
Originally Posted by Lantern Rouge View Post
Dooode... We're a bunch of Canadians, in the Canadian sub-forum, talking about insurance in Canada.

I stated and showed this was an ICBC quote with the maximum discount (-20 / -43%).

Your comments don't make any sense here. Thanks for dropping by though eh...
I actually thought your quote was pretty good considering it is in BC. From my understanding BC has one of the highest insurance rates.
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      12-13-2014, 06:06 PM   #17
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Quote:
Originally Posted by E92LNGCGY View Post
I actually thought your quote was pretty good considering it is in BC. From my understanding BC has one of the highest insurance rates.
Yeah, agreed. It's pretty much what I expected. The guy above me paying $4,500 a year in BC, was what surprised me...

Thanks again for your help with CN! I'm loving the updates...
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      12-13-2014, 06:45 PM   #18
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Quote:
Originally Posted by Lantern Rouge View Post
Yeah, agreed. It's pretty much what I expected. The guy above me paying $4,500 a year in BC, was what surprised me...

Thanks again for your help with CN! I'm loving the updates...
haha people not in BC don't even have a clue.. I am girl btw.

But yes it is originally ~$5500 / year but because I just hit the 4 year mark with no accidents/claims so I get an additional 20% off which comes $4500.
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      12-13-2014, 10:38 PM   #19
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$1300/year, in Toronto.

Agent told me it's not the value of the car that always determines premiums, but rather the risk profile. For example, Hondas could be more $$ in premiums since they may get targeted more often by thieves for parts, etc.

M
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      12-14-2014, 01:45 AM   #20
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Quote:
Originally Posted by E92LNGCGY View Post
I am just curious as to what everyone is paying for insurance on their M3/4. I understand this varies depending on where you live, age etc. but just wanted to get an idea.

Calgary, $169.xx a month, 32

In fact my X3 cost a bit more.
F80, 30 yrs old, Toronto (GTA), TD Meloche Monnex, $164.66 per month with replacement plan (if your vehicle total-loss 1 day, TD will pay u the replacement cost; which is the cost of your m3 back from day 1, well that's what they said?! umm)
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      12-14-2014, 10:43 AM   #21
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I pay $120 a month tax in for my M4 for a comprehensive coverage with $500/$250/$0 deductibles and a new vehicle replacement cost warranty through Belair Direct. My wife's S4 is on the same policy for $82/month. Naturally, we benefit from rebates for having both cars and our home with the same insurer.

Last edited by CanAutM3; 12-14-2014 at 10:53 AM..
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      12-14-2014, 10:45 AM   #22
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Quote:
Originally Posted by Mikster View Post
$1300/month, in Toronto.

Agent told me it's not the value of the car that always determines premiums, but rather the risk profile. For example, Hondas could be more $$ in premiums since they may get targeted more often by thieves for parts, etc.

M
$1300/month

You're sure there is not a typo here...
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