Insured my new 2022 m2 apparently

akincomer · 01-25-2022, 07:31 PM

Got my new 2022 m240i insured by using the vin code. Finished the process and saw this:

Retrospaz85 · 01-25-2022, 07:54 PM

It's because they cut off the characters ..it's for a m240

Thelof · 01-25-2022, 09:57 PM

I saw that as well when I went to get a quote, you use GEICO? I think I need to call to make sure they don't thinks it's an actual M2 lol.

Retrospaz85 · 01-25-2022, 11:13 PM

Quote:

Originally Posted by Thelof

I saw that as well when I went to get a quote, you use GEICO? I think I need to call to make sure they don't thinks it's an actual M2 lol.

You don't, I've already been there and done that..its just a character thing for them

240idax · 01-26-2022, 12:22 AM

The real issue here is a $1500 premium, holy crap.

akincomer · 01-26-2022, 12:54 AM

Quote:

Originally Posted by 240idax

The real issue here is a $1500 premium, holy crap.

Is that bad? I don't feel as though that's bad in CA with a big brand insurance company, 2 cars, and 2 drivers per car. I do have a bunch of added things like glass insurance, rental reimbursement, etc with a 500 deductible as the highest for them all.

240idax · 01-26-2022, 01:54 AM

Quote:

Originally Posted by akincomer

Is that bad? I don't feel as though that's bad in CA with a big brand insurance company, 2 cars, and 2 drivers per car. I do have a bunch of added things like glass insurance, rental reimbursement, etc with a 500 deductible as the highest for them all.

Is it a 6 month or 12 month policy? I work for a big insurer (no discount) and pay ~550/6 months for the m240i + 2017 Mazda Cx5, 2 drivers. If you're <25 years old, it may be understandable. But otherwise you may be overpaying. 500 deductible is okay. 750/1000 may save you a decent amount of coin, but more likely just shopping around. If it is a 12 month policy, its not terrible. I just am not used to seeing that as we only offer 6 month terms.

akincomer · 01-26-2022, 02:47 AM

Quote:

Originally Posted by 240idax

Is it a 6 month or 12 month policy? I work for a big insurer (no discount) and pay ~550/6 months for the m240i + 2017 Mazda Cx5, 2 drivers. If you're <25 years old, it may be understandable. But otherwise you may be overpaying. 500 deductible is okay. 750/1000 may save you a decent amount of coin, but more likely just shopping around. If it is a 12 month policy, its not terrible. I just am not used to seeing that as we only offer 6 month terms.

I just sent you a PM with my policy details if you wanna help me figure this out

However, after googling and rechecking the emails from other insurance sites, I think i'm slightly below the average insurance premium for my zipcode.

mechman · 01-26-2022, 08:14 AM

Insurance premiums vary a lot depending on the state so I don't think its comparing apples to apples between policies in different states. Living in Michigan, we pay some of the highest premiums in the country (typically in the top 5 most expensive states to insure) compared to say Ohio or Pennsylvania which is far cheaper to insure having had first hand experience living in those states before I moved to Michigan.

BigKutta · 01-26-2022, 09:52 AM

Quote:

Originally Posted by 240idax

Is it a 6 month or 12 month policy? I work for a big insurer (no discount) and pay ~550/6 months for the m240i + 2017 Mazda Cx5, 2 drivers. If you're <25 years old, it may be understandable. But otherwise you may be overpaying. 500 deductible is okay. 750/1000 may save you a decent amount of coin, but more likely just shopping around. If it is a 12 month policy, its not terrible. I just am not used to seeing that as we only offer 6 month terms.

As an insurer you would know that premiums are based on location and that there is a big difference between OH and CA

240idax · 01-26-2022, 10:55 AM

Quote:

Originally Posted by BigKutta

As an insurer you would know that premiums are based on location and that there is a big difference between OH and CA

Location is certainly a large factor and I had missed it. Cali is not on the low risk side, but even more heavily dependent on the city. It's a stark difference either way - glad I don't have to deal with that mess.

tahoebimmer · 01-26-2022, 11:24 AM

I live in California and my premium is right around $900 for 6 months for the M240. It's actually the same as our $93k Audi SQ7. We do have a lot of coverage though. Insurance is through USAA. 300/500k liability and bodily injury. 300/500k uninsured motorist bodily injury. 300k property damage. 1000 collision deductible. 250 comprehensive. Ages 56 and 58.

You really need to look at coverage if you are going to compare insurance rates.

The most interesting thing for mine is that the much cheaper BMW costs as much as the Audi to insure. I guess the risk is much higher with that kind of vehicle. The Audi is just as fast 0-60 with 500hp though.

akincomer · 01-26-2022, 03:04 PM

Quote:

Originally Posted by tahoebimmer

I live in California and my premium is right around $900 for 6 months for the M240. It's actually the same as our $93k Audi SQ7. We do have a lot of coverage though. Insurance is through USAA. 300/500k liability and bodily injury. 300/500k uninsured motorist bodily injury. 300k property damage. 1000 collision deductible. 250 comprehensive. Ages 56 and 58.

You really need to look at coverage if you are going to compare insurance rates.

The most interesting thing for mine is that the much cheaper BMW costs as much as the Audi to insure. I guess the risk is much higher with that kind of vehicle. The Audi is just as fast 0-60 with 500hp though.

Ok, that makes me feel better. I live in one of the major cities of Cali and my 6month premium for my BMW is around 900 as well.

jmase248 · 01-26-2022, 03:29 PM

Quote:

Originally Posted by akincomer

Quote:

Originally Posted by tahoebimmer

I live in California and my premium is right around $900 for 6 months for the M240. It's actually the same as our $93k Audi SQ7. We do have a lot of coverage though. Insurance is through USAA. 300/500k liability and bodily injury. 300/500k uninsured motorist bodily injury. 300k property damage. 1000 collision deductible. 250 comprehensive. Ages 56 and 58.

You really need to look at coverage if you are going to compare insurance rates.

The most interesting thing for mine is that the much cheaper BMW costs as much as the Audi to insure. I guess the risk is much higher with that kind of vehicle. The Audi is just as fast 0-60 with 500hp though.

Ok, that makes me feel better. I live in one of the major cities of Cali and my 6month premium for my BMW is around 900 as well.

I'm with geico and it's about the same for 2 cars (2020 Mazda and 2022 M240i). I live in Orange County and I think that may also be a factor, plus my deductible is $200.

iMnot · 01-27-2022, 02:06 PM

I paid 1.5k for 6 months in cali. Lease and insurance price 5ucks

Lightngsvt · 01-29-2022, 09:43 PM

Quote:

Originally Posted by iMnot

I paid 1.5k for 6 months in cali. Lease and insurance price 5ucks

Ouch! I pay that a year in Michigan.

01-25-2022, 07:31 PM	#1
akincomer Private 142 Rep 55 Posts Drives: 2022 BMW M240i Join Date: Jan 2022 Location: CA, USA iTrader: (0)	Insured my new 2022 m2 apparently Got my new 2022 m240i insured by using the vin code. Finished the process and saw this: Attached Images
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01-25-2022, 07:54 PM	#2
Retrospaz85 Private First Class 98 Rep 108 Posts Drives: 22' M240/67 Mustang Fastback Join Date: Nov 2021 Location: MD iTrader: (0)	It's because they cut off the characters ..it's for a m240
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01-25-2022, 09:57 PM	#3
Thelof Enlisted Member 59 Rep 43 Posts Drives: 19 BSM M4 CS Join Date: Jun 2013 Location: Frisco iTrader: (0)	I saw that as well when I went to get a quote, you use GEICO? I think I need to call to make sure they don't thinks it's an actual M2 lol.
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01-26-2022, 12:22 AM	#5
240idax Private 59 Rep 84 Posts Drives: 2022 BMW m240i Join Date: Dec 2021 Location: Ohio iTrader: (0)	The real issue here is a $1500 premium, holy crap.
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01-26-2022, 08:14 AM	#9
mechman Private First Class 160 Rep 196 Posts Drives: M240i Join Date: Mar 2016 Location: Michigan iTrader: (0)	Insurance premiums vary a lot depending on the state so I don't think its comparing apples to apples between policies in different states. Living in Michigan, we pay some of the highest premiums in the country (typically in the top 5 most expensive states to insure) compared to say Ohio or Pennsylvania which is far cheaper to insure having had first hand experience living in those states before I moved to Michigan.
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01-26-2022, 11:24 AM	#12
tahoebimmer Private First Class 162 Rep 103 Posts Drives: 2022 M240i xDrive Join Date: Nov 2021 Location: South Lake Tahoe iTrader: (0)	I live in California and my premium is right around $900 for 6 months for the M240. It's actually the same as our $93k Audi SQ7. We do have a lot of coverage though. Insurance is through USAA. 300/500k liability and bodily injury. 300/500k uninsured motorist bodily injury. 300k property damage. 1000 collision deductible. 250 comprehensive. Ages 56 and 58. You really need to look at coverage if you are going to compare insurance rates. The most interesting thing for mine is that the much cheaper BMW costs as much as the Audi to insure. I guess the risk is much higher with that kind of vehicle. The Audi is just as fast 0-60 with 500hp though.
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01-27-2022, 02:06 PM	#15
iMnot New Member 11 Rep 19 Posts Drives: 2 Join Date: Dec 2017 Location: California iTrader: (0)	I paid 1.5k for 6 months in cali. Lease and insurance price 5ucks
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