M8 AND 8 SERIES
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums General Automotive (non-BMW) Talk + Photos/Videos Does the price of car insurance affect your sports car buying decision?

Post Reply
 
Thread Tools Search this Thread
      04-27-2020, 02:40 AM   #23
Humdizzle
Brigadier General
6024
Rep
3,610
Posts

Drives: GT3 + M2c
Join Date: Oct 2016
Location: Missouri

iTrader: (0)

have you thought about getting a beater for a few thousand bucks and moving the corvette to specialty insurance like grundy?

My annual premium for the m3 went from $2000 a year with geico to $630 a year. insured for $45k value.

thats 1400 in savings every year. In 2 years you'll have paid for your $3k beater car.
__________________

2018 Porsche GT3 6MT
2021 M2C DCT
Previous: Ferrari 458 | R35 GTR | F80 M3 | E46 M3 | E36 M3 | Scion FRS
Appreciate 0
      04-27-2020, 10:42 AM   #24
GenXer
Major
United_States
1351
Rep
1,031
Posts

Drives: Like a bat out of hell.
Join Date: Apr 2019
Location: here and there

iTrader: (0)

Garage List
Quote:
Originally Posted by Humdizzle View Post
have you thought about getting a beater for a few thousand bucks and moving the corvette to specialty insurance like grundy?

My annual premium for the m3 went from $2000 a year with geico to $630 a year. insured for $45k value.

thats 1400 in savings every year. In 2 years you'll have paid for your $3k beater car.
Geico insurance on my 440i is $1200 a year including 7 years /100k miles multi-risk mechanic breakdown insurance versus a jaw dropping $3000 on the C7 Z51 Corvette. Same coverage for 10K miles a year of driving.
Appreciate 0
      04-27-2020, 11:57 AM   #25
New2Roundel
Captain
465
Rep
804
Posts

Drives: Some fun stuff
Join Date: Jun 2015
Location: Philly, PA

iTrader: (0)

Garage List
I haven't bought many cars associated with crazy insurance prices, so I've definitely bought the car before checking with insurance. With BMW and the Jeep (my most recent purchases) I did call insurance first and the costs weren't crazy. So I bought both. I like the C7 vette quite a bit and would consider replacing the BMW with one and if it gets to the point where I'm going to pull the trigger on one, I will call insurance for a quick quote. No way I would buy any car if I need to pay thousands of dollars extra for a single car. It's one thing if it's an awesome exotic of some sort. But for a corvette? Not worth it to me. We'll see though.

I will say I would be interested to know the cost for insurance on an Alfa 4c given the carbon tub. I can see that being quite pricey for insurance.
Appreciate 0
      04-28-2020, 07:24 AM   #26
Dog Face Pony Soldier
2006 TIME Person Of The Year
Dog Face Pony Soldier's Avatar
United_States
9720
Rep
6,445
Posts

Drives: M Sport 335i
Join Date: May 2013
Location: North Jersey

iTrader: (0)

Garage List
2014 335i  [9.74]
Quote:
Originally Posted by GenXer View Post
The short answer would be NO.
I think we all buy what we want regardless of insurance cost.
What an odd way to start a topic. Try and look past yourself. Not everyone thinks the same as you do.

Of course I consider what it costs to insure a vehicle before buying it. That's called doing my due diligence.
__________________
Appreciate 0
      04-30-2020, 09:51 AM   #27
AlpineKing
Private First Class
78
Rep
111
Posts

Drives: 2018 M6 GC
Join Date: Jan 2020
Location: Earth

iTrader: (1)

Quote:
Originally Posted by zx10guy View Post
You want sticker shock. Try getting full coverage insurance on a liter bike in your 20s. When I got into my first sport bike back in 2003-4, I was on some forums where insurance costs were discussed. I saw one instance where the guy got quoted for a year's insurance the exact cost of buying the bike new.
Ahh so true! I remember getting a Kawasaki Ninja 600 at age 22 for $5500 and the insurance quote was $1,600. Was painful, but I wanted a bike so bad that it didn't matter!

Quote:
Originally Posted by Dog Face Pony Soldier View Post
What an odd way to start a topic. Try and look past yourself. Not everyone thinks the same as you do.

Of course I consider what it costs to insure a vehicle before buying it. That's called doing my due diligence.
Due diligence is key, insurance, operating costs, maintainace intervals/costs are all factors to consider. Without this, you can end up being one of those people that buy a huge house and realize they don't have the budget to furnish it.
Appreciate 0
      04-30-2020, 06:11 PM   #28
Burrcold
Brigadier General
5043
Rep
3,868
Posts

Drives: 2024 BMW M3 Comp xDrive
Join Date: Oct 2019
Location: Toronto, Canada

iTrader: (0)

Quote:
Originally Posted by Dog Face Pony Soldier View Post
What an odd way to start a topic. Try and look past yourself. Not everyone thinks the same as you do.

Of course I consider what it costs to insure a vehicle before buying it. That's called doing my due diligence.
I do as well, but unless it's outrageous (compared to the same class competition vehicles) I usually don't take too much notice. Kind of stupid though since I'll argue with the dealership when purchasing over $5/month lol.
__________________
Current: 2024 BMW M3 Competition xDrive | 2022 Audi Q7
Gone: 2022 Audi RS5 | 2020 BMW M340i | 2019 Audi RS5
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:20 PM.




m8
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST