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7 Series - F01 / F02 (2009 - current)
The new re-designed 7 series F01 / F02 leads off the BMW Fxx chassis code!

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  #26  
Old 07-28-2012, 01:46 PM
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PREDATOR 007 PREDATOR 007 is online now
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Mein Auto: 2013 750Li
Curiosity got to me… Here is what I am paying and the coverage’s
State Farm

Coverages and Limits
A-Liability
Bodily Injury 250,000/500,000
Property Damage 100,000 $85.80
C-Medical Payments 5,000 $7.25
D- Comprehensive $82.15
G-500 Deductible Collision $219.59
H- Emergency Road Service $1.80
R1-Car Rental & Travel Expense
$25 Per Day, $600 Max $10.90
U-Uninsured Motor Vehicle
Bodily Injury 100,000/300,000 $16.15
S-Death Indemnity $1.20
Total Amount $424.87 (6 Months) $849.74 Yearly


Premium Reductions
Multiple Line $111.37
Multicar $85.83
Vehicle Safety $1.81
Accident-Free $104.21
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  #27  
Old 07-28-2012, 09:29 PM
sdadept sdadept is offline
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Location: slc
 
Join Date: May 2007
Posts: 64
Mein Auto: 2012 750li X Drive
my brand new 2012 750li xdrive is $900 a year ($450 every 6 months) to insure via state farm. I also have all my other insurance with them too though.
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  #28  
Old 07-28-2012, 10:18 PM
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Individual750LI Individual750LI is offline
BMW rocks!
Location: Las Vegas
 
Join Date: May 2012
Posts: 513
Mein Auto: 2013 750I M
Quote:
Originally Posted by filmoreslim View Post
Who is your carrier?
I just checked and Las Vegas is rank 12th most expensive city in the States couple years ago, so I was wrong.

But I always have clients move from CA ( LA, SF, SD, Etc. ), and the rates in CA is always cheaper than Las Vegas ( Same insurance company, state to state transfer rate change )

I am currently with Progressive, Diamond membership, multi car, multi line ( Home, umbrella ), perfect driving record, and early 30s.

500,000 combine limits, 5000 med, 1000 deductible, 500,000 combine UM/UIM, ERS, rental, GAP.

I consider my rate is OK compared to others, but not the cheapest. One of my client is paying his 911 Turbo S, Q7, Quatroporte, S550, and VW Routan for 1200/6 months!
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Last edited by Individual750LI; 07-28-2012 at 11:13 PM.
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  #29  
Old 07-28-2012, 10:19 PM
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Individual750LI Individual750LI is offline
BMW rocks!
Location: Las Vegas
 
Join Date: May 2012
Posts: 513
Mein Auto: 2013 750I M
It really depends on the state where you live, some state's insurance rate is just super low.
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Last edited by Individual750LI; 07-28-2012 at 10:20 PM.
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  #30  
Old 07-29-2012, 05:33 PM
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ndabunka ndabunka is offline
'12 X5 35d Black-on-Black
Location: Charlotte, NC
 
Join Date: May 2009
Posts: 1,668
Mein Auto: X5d Ski Machine-Blk Betty
You guys MUST be AWFULLY young o be getting hit with SUCH high rates. I am an old fart @ 49 but being old (apparently) has a few advantages. My Cost for 500/300 is only slightly over $600 for a year of coverage for my '06 750Li (North Carolina)
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Last edited by ndabunka; 07-29-2012 at 05:36 PM.
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  #31  
Old 07-29-2012, 06:14 PM
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SARAFIL SARAFIL is offline
I know a thing or two...
Location: Northeast USA
 
Join Date: Feb 2003
Posts: 7,399
Mein Auto: '13 BMW 335xi
Quote:
Originally Posted by NickyBlack View Post
My 7 is about 1400 per year, and i live in NJ, the most expensive state for car insurance in the union.
Where do you guys come up with these claims? 1st Vegas was most expensive city, now NJ most expensive state. Both are very wrong.

New Jersey ranks #15 in insurance cost--- in other words, far from the worst.

http://www.cbsnews.com/8301-500395_1...car-insurance/

Top 5 are Louisiana, Oklahoma, Michigan, West Virginia, and DC.
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  #32  
Old 07-29-2012, 06:26 PM
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SARAFIL SARAFIL is offline
I know a thing or two...
Location: Northeast USA
 
Join Date: Feb 2003
Posts: 7,399
Mein Auto: '13 BMW 335xi
These posts about "what do you pay for insurance" come up all the time, and in reality it is pointless to try and compare your rate with someone else. There are hundreds of factors that go into pricing your insurance policy. The car you drive has an impact, but it is actually smaller impact than many other factors where I bet most of you have nothing in common.

The following factors are just some that can have a much bigger impact on your rate than the type of car you are driving:
-State
-City
-ZIP code (yes... your rate could change significantly just by moving from one ZIP to another, even in the same city/town)
-Age/gender of all drivers
-Credit score
-Driving record (tickets, accidents, etc)
-Claims history- liability, comp and collision claims
-Number of cars on policy
-Number of drivers on policy
-Liability limits selected
-Liability limits with your previous carrier
-"account" credits... i.e. insuring your home/condo/apartment with the same company

Unless you find someone else that is exactly the same as you in all of the above characteristics, it's pointless to compare. Just because someone else with a 7-series pays $1000 less than you doesn't mean you can expect to get that rate because your characteristics above are different.

Another point... shop around, as you are guaranteed to get a range of rates by quoting with several carriers. Insurance is not an exact science and carriers all have different models that price risk differently, so you will see a huge range of rates if you shop around. I've recently obtained quotes ranging from ~$1,500 to over $6,000 per year, so it clearly pays to do some homework here. And no one company is always cheaper-- the companies than some of my acquaintances told me had the best rates gave me some of the highest quotes.

*disclosure... I work in the insurance industry
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Estoril Blue / Black Leather

6MT, M-Sport, Premium Pkg, Cold Weather Pkg, Dynamic Handling Pkg, Tech Pkg, HK Sound, M Performance Exhaust, M Performance Power Kit

Former: 2011 335xi Coupe -- 2009 MCS JCW -- 2006 MZ4 -- 2002 325i -- 1997 318ti -- 1991 318i
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  #33  
Old 07-29-2012, 09:47 PM
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Individual750LI Individual750LI is offline
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Location: Las Vegas
 
Join Date: May 2012
Posts: 513
Mein Auto: 2013 750I M
Thanks for writing it up, I am very lazy to type all that up, but what you say is exactly what I tell my clients. I am in insurance too.
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  #34  
Old 08-06-2012, 10:16 AM
Mr.750 Mr.750 is offline
A BMW, 7 Series of course
Location: Mt. Auburn, IA
 
Join Date: Jul 2012
Posts: 501
Mein Auto: LS460
My 750i is only an 2006 but I'm only 17 and I have a ticket and i pay $66 a month!!
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  #35  
Old 08-06-2012, 11:55 AM
ChuckLee ChuckLee is offline
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Location: California
 
Join Date: Aug 2012
Posts: 4
Mein Auto: E55 AMG
Quote:
Originally Posted by BMW750IMMIA View Post
My 750i is only an 2006 but I'm only 17 and I have a ticket and i pay $66 a month!!
That's really Cheap for your age. Fully coverage ??
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  #36  
Old 08-06-2012, 12:38 PM
Mr.750 Mr.750 is offline
A BMW, 7 Series of course
Location: Mt. Auburn, IA
 
Join Date: Jul 2012
Posts: 501
Mein Auto: LS460
Quote:
Originally Posted by ChuckLee View Post
That's really Cheap for your age. Fully coverage ??
Yep! But I think it may be under my father's name. He is 51 and has yet to have an accident/ticket on his record. And he has 5 other cars under his name as well as a boat and 2,000 acres worth of farmland. So that probaly helps a bit..
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  #37  
Old 08-06-2012, 01:38 PM
AdamG13 AdamG13 is offline
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Location: Los Angeles, CA / Hillsboro Beach, FL
 
Join Date: Mar 2010
Posts: 1,121
Mein Auto: 2013 750i
My insurance definitely sucks a D. Mostly because it's insured in S. Fla where there are lots of illegal drivers, old people with vision problems, recent immigrants with the bare minimum level of coverage that increases the likelihood of my uninsured motorist coverage having to kick in if something happens. Combined with the discount from my home owners insurance I'm paying around 165 a month.
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