07-25-2019, 06:31 PM | #1 |
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M340i Insurance
Featured on BIMMERPOST.com I'm 50 years old, have excellent credit, a clean driving record, and insure my home through LM. A quick Geico online quote returned just under $1400/yr for similar coverage. My rates have been creeping up over time and was paying about $3k/yr for the old 340i with LM. I think they're trying to shaft me. Anyone else think this is seriously out of line? |
07-25-2019, 06:41 PM | #2 |
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Damn that's crazy!! I would switch I'm a 22 year old with the m340i and is 2900 a year.... which is weird cause my 2013 328i was more at 3200 a year, my agent said it's because the 2020 has more safety features... I would shop around for a new insurance company
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07-25-2019, 07:09 PM | #3 |
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When I bought my car, my current insurer at the time (Geico) was going to charge me out the butt for going from my F30 to the M340i. I got a quote from Progressive and it was literally 40% less than I was paying at Geico!
Moral of the story... shop around!
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07-25-2019, 07:15 PM | #4 | |
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07-25-2019, 07:28 PM | #6 |
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07-25-2019, 07:52 PM | #7 |
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I 'm 50 years old, spotless driving record and have a '17 340xi. I live in downtown Boston and pay just about $2k/yr with Amica. For the record, we also have an X3 and our homeowners insurance with Amica. Great company - one of the best customer service organizations I've ever dealt with.
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07-25-2019, 08:20 PM | #8 |
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Seconding Progressive for 2020 M340 here as well.
I also just moved from a 2016 340i M Sport to a M340, and my premium with progressive for 500k coverage with $500 deductible (comprehensive and collision) actually went down from around ~$1100 to ~$1000 a year with the new car. My wife's 2016 Civic costs more to insure than my leased M340. 30 year old living close to Philadelphia here. No at fault accidents ever, one not-at-fault rear ended accident 6 years ago. |
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07-25-2019, 09:35 PM | #9 | |
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original carrier. Im paying I think somewhere in the $1000 to $1100 range on my M340. Definitely shop around or find a company that doesn't throw you some fake introductory rate then gouge you at renewal.
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07-25-2019, 09:57 PM | #10 |
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Anybody have USAA? 51 year old male, clean record, have not called them yet. Car does not get here until late September. Car insurance comes out of my wife's account, wondering if I will be in trouble?
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07-25-2019, 10:11 PM | #11 |
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You can always do a quote with a vin off a dealer lot just to check
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07-25-2019, 10:14 PM | #12 |
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07-26-2019, 04:06 PM | #13 |
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I'm paying $1,058 with Mercury. It went up $1 from my old Lexus IS350 F-sport. I thought it would be more expensive but my agent said, "This car is new so the current premium is a baseline, the rates may go up or down in the future".
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07-26-2019, 04:45 PM | #14 | |
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07-26-2019, 05:46 PM | #15 |
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07-26-2019, 06:02 PM | #16 |
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Are you sure they aren't confusing it with an M3 because it's a model designation that's new and might not be in their system?
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07-26-2019, 06:06 PM | #17 | |
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https://www.geico.com/auto-insurance...own-insurance/ |
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07-26-2019, 06:12 PM | #20 |
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07-26-2019, 06:41 PM | #22 | |
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