M3 Insurance

[kieran325]

My insurance for the M3 last year was £236 with Lancaster, I came home today and found the renewal to be £588

It's a classic policy with guaranteed value, 27yr old girlfriend as named driver, break down cover, European cover, £50 excess etc.....

I rang Lancaster and they are now saying that the E30 M3 has increased in the grouping

So for the M3 owners, who are you insured with and how much roughly are you paying.

TIA

[macas]

What insurance group was it before kieran?is it group 17 like the 325?

[martinpallot]

The insurance grouping system has been overhauled this year, on top of that the market has generally risen which would explain the extra cost.

[Felix79]

The insurance on my Alpina was renewed in Novemeber and it came in at £120 a year full comp , and this was with Lancaster. I do know the underwriter has changed wich could be the reason for the jump in price. I got some quotes for e36 M3's and Alpina's and they were comming in at over £1000 a year , which is a good £450 more than when I checked 2 years ago.

[kieran325]

The insurance on my sport was the same this year as it was last year -£201 with the above details as the M3.

The classic car policies don't seem to get affected like the normal car policy.

[evosport1990]

Just redone mine on my Sport Evo, reneal notice was £564, limited milage of 1500 per year and agreed val. Spoke to another broker got down to £430. Went back to existing broker Footman James and they reduced to approx same figure. 2 phone calls and save £100 plus.

Might be worth giving them a call

[m8782538]

Group 17??? thats nothing, they go upto approx 50 now. Its all changed.

gestimate of around group 33-38. an E36 328is group 33, so i am guessing possibly slightly higher on the M3.

[kieran325]

The lowest price I've got so far is £359 with Adrian Flux, some companies don't want to know anymore.

I was insured by Allianz through Lancaster and they don't want the E30 M3 on their books anymore.

[kieran325]

Just redone mine on my Sport Evo, reneal notice was £564, limited milage of 1500 per year and agreed val. Spoke to another broker got down to £430. Went back to existing broker Footman James and they reduced to approx same figure. 2 phone calls and save £100 plus.

Might be worth giving them a call

Cheers.

Footman James came back at £438.68 and they texted me saying that they could improve the quote.

[Felix79]

The lowest price I've got so far is £359 with Adrian Flux, some companies don't want to know anymore.

I was insured by Allianz through Lancaster and they don't want the E30 M3 on their books anymore.

This is what I was finding the other day when I was doing quotes. At one point they came back with a quote of £1600 for me.

[m8782538]

why not try sky? see sky insurance thread.

[kieran325]

why not try sky? see sky insurance thread.

Awaiting a call back from them

[e21Jason]

I found the same problem, my M3 with the cage and coilovers etc declared went from £385 to £1200 with adrian flux this year, now on a motrosport speclist policy at £500

Jason

[kieran325]

Cheers Jason.

I thought I was going mad but it seems the course now.

My M3 is utterly standard with no mods what so ever, if I can get it to £300 then I'll be slightly happier.

[E30BeemerLad]

Graham Sykes
Keith Michaels
Greenlight
A-Plan

Worth seeking out quotes from the above Brokers Kieran

[kieran325]

Graham Sykes
Keith Michaels
Greenlight
A-Plan

Worth seeking out quotes from the above Brokers Kieran

Thanks Lee, I've exhausted several insurance companies today, I'll be back at it tomorrow

[gary]

Just done my Sport Evo and got it for £389 with an agreed value and limited to 3000miles

[kieran325]

Just done my Sport Evo and got it for £389 with an agreed value and limited to 3000miles

Who with Gary ?

[bennydotc]

I'm paying £330 with Classicline, 3K miles.

[harry_p]

i pay a bit over £400 on a standard admiral fully comp policy, 6k miles a year, parked on the road, social, domestic pleasure and commuting.

no agreed value though.

[sunnyr83]

Damn is the norm then?? I been with lancaster for 3 years and never paid more than £130 under classic policy for my 325i, had my renewal letter quoting me £603!!! it does say on the paperwork that its private cover or something, mabey they didnt do it as classic cover, anybody else going through this on a 325i???

[kieran325]

Must be, spoke to one insurance company and the reply was that the insuarnce companies are running at a loss and even some companies are going under because of it.

I'll be getting bum raped this year then cos I've got 4 cars, bastards !

[gary]

Just done my Sport Evo and got it for £389 with an agreed value and limited to 3000miles

Who with Gary ?

Aidrian Flux

[kieran325]

Thanks mate, it was Adrian Flux who's given me the best quote so far.

[e21Jason]

One inssurance company I spoke to said due to the winter and be amount of crash's they did not insure BMW over 2.0l I reckoned anybody who did not crash should get a discount

[kieran325]

I said the same, over the bad winter periods none of my cars were out and I made other arrangements to travel ie bus etc.

Why should I pay for some spastic who doesn't know how to drive in the icy conditions and treat their commute to work as a destruction derby

[Nadeem]

I just renewed the insurance on my M3 vert on Tuesday just gone....came to £274-84 fully comp with european breakdown cover...I'm with Carole Nash(who underwrite it by Chaucers)....my insurance renewal did go up but when I called them to ask why, they told me that it was becasue I had my wife on the policy and she is 27 as well.....so I removed her name as she does not drive the M3 being LHD and my renewal cost came right down may be worth checking it out and I do have an agreed value on the M3.

[M42]

i payed £135 for my M3 with RH classics last year.

[Fushion_Julz]

I'm with Classicline and renewed in Feb for £350 ish 5000miles, agreed value all mods declared...hardly changed from last year..

[kieran325]

i payed £135 for my M3 with RH classics last year.

Who's RH classics

Thanks for the replies

[kieran325]

Classicline Insurance - £281.31

It's getting better

[kieran325]

Keith Michaels - £260 whoop whoop

[kieran325]

RH Specialist Car Division - £202.36