Insurance pricing me out of an M4 at 29 YRs old??
Discussion
AyBee said:
Maths/reading not your strong point? £230/month and there are 12 months in a year - £2.8k!
I apologise for the highly irresponsible rounding on my part.I had also assumed (perhaps incorrectly) that the monthly price was as per 99% of insurers quoted at with a 30% APR interest premium, therefore the annual price would be less than 12 multiples.
As others have said, it's very statistically driven and that particular model of M4 will now be available to a demographic that probably makes lots of claims.
I remember years ago when I bought an e36 M3 Evo. I phoned my insurer to let them know I was changing cars and they flat out refused to insure it. They said if I'd bought a newer e46 M3 (which was faster and worth a lot more) then they would have happily covered it.
I remember years ago when I bought an e36 M3 Evo. I phoned my insurer to let them know I was changing cars and they flat out refused to insure it. They said if I'd bought a newer e46 M3 (which was faster and worth a lot more) then they would have happily covered it.
At least the Op hasn’t bought the car and then started looking for insurance, as so often is the case. To me it’s a silly amount of money to pay for a year’s insurance on anything.
But then I remember that plenty of thing’s I’ve done car-wise haven’t made a lot of sense either.
I suppose I’d say, do it, if you really must, but don’t moan if you end up feeling broke and trying to shift an M4 you didn’t like much after all.
But then I remember that plenty of thing’s I’ve done car-wise haven’t made a lot of sense either.
I suppose I’d say, do it, if you really must, but don’t moan if you end up feeling broke and trying to shift an M4 you didn’t like much after all.
Doesn't surprise me that an M4 is on the expensive end. Like previously mentioned, has a reputation for being driven in a yobbish way and probably has a lot of write off CAT N's/S's. I've driven one once and it was lary at the rear...
I went from a W204 C63 which again like an M4 has a reputation for being driven by idiots. I've never had a car that attracted so much attention - mostly positive from people wanting to rev your engine or say how good the car sounds etc. So many people would look across at you in traffic and wind the window down soon as they see that 6.3 badge on the side.
I've recently gone from the W204 C63 to a W212 E63s (5.5 biturbo) which attracts nowhere near the same attention and was cheaper to insure by a couple of hundred quid despite it being approx. 150bhp more with alot more expensive parts - air suspension, huge brakes etc. (£3k to replace disks and pads all round at an indie - the 's' has bigger brakes than the standard E63 and even they are very large). Which I'm sure is down to the fact there are far less of them and less of them are being driven in a stupid manor and smashed up
Out of interest is there much difference in insurance from a M3 comp to M4 comp?
I went from a W204 C63 which again like an M4 has a reputation for being driven by idiots. I've never had a car that attracted so much attention - mostly positive from people wanting to rev your engine or say how good the car sounds etc. So many people would look across at you in traffic and wind the window down soon as they see that 6.3 badge on the side.
I've recently gone from the W204 C63 to a W212 E63s (5.5 biturbo) which attracts nowhere near the same attention and was cheaper to insure by a couple of hundred quid despite it being approx. 150bhp more with alot more expensive parts - air suspension, huge brakes etc. (£3k to replace disks and pads all round at an indie - the 's' has bigger brakes than the standard E63 and even they are very large). Which I'm sure is down to the fact there are far less of them and less of them are being driven in a stupid manor and smashed up
Out of interest is there much difference in insurance from a M3 comp to M4 comp?
Would you indemnify a 29 year old driving an M4 against any and all damage he might cause in it in a year for £2.800? I certainly wouldn't.
As others have said this is a car that attracts talentless d
heads, thieves, and assorted scum in droves so either suck it up or pick something the scum don't touch. A V8 F-Type is a good shout, and a far more riotous fun too.
As others have said this is a car that attracts talentless d
heads, thieves, and assorted scum in droves so either suck it up or pick something the scum don't touch. A V8 F-Type is a good shout, and a far more riotous fun too.fatjon said:
They get nicked and you gave a BD postcode. It may he a nice BD postcode but the thieving scum in the not so nice postcodes know where to go to find the nice cars. And most of them have a nice car to go there in. Usually top end BMWs and Audis with a bit of weld around the chassis number.
Absolutely this. We live on a small estate in quite a rural area with @ 80 houses. You would have no real course to be here unless you live here or visiting. In the past year I know of at least 6 cars that have been stolen. They include 3 Range Rovers, a MY70 Mini, a Golf GTI & a MY69 E class Mercedes. On top of that the little scrotes had 2 different attempts on our neighbours Velar (all caught on our CCTV); they also tried to get an RS3 which had replaced the above GTI.
Its got to the point where most of the home owners have put barriers on their driveway. We share a driveway with our neighbours; we're getting ours fitted in the next week or so going 50/50 with next door. I've put the GRY in storage for the time being to be on the safe side.
Roman Moroni said:
Absolutely this.
We live on a small estate in quite a rural area with @ 80 houses. You would have no real course to be here unless you live here or visiting. In the past year I know of at least 6 cars that have been stolen. They include 3 Range Rovers, a MY70 Mini, a Golf GTI & a MY69 E class Mercedes. On top of that the little scrotes had 2 different attempts on our neighbours Velar (all caught on our CCTV); they also tried to get an RS3 which had replaced the above GTI.
Its got to the point where most of the home owners have put barriers on their driveway. We share a driveway with our neighbours; we're getting ours fitted in the next week or so going 50/50 with next door. I've put the GRY in storage for the time being to be on the safe side.
OT, but GTI stolen and then went for an RS3? That's an interesting thought process!We live on a small estate in quite a rural area with @ 80 houses. You would have no real course to be here unless you live here or visiting. In the past year I know of at least 6 cars that have been stolen. They include 3 Range Rovers, a MY70 Mini, a Golf GTI & a MY69 E class Mercedes. On top of that the little scrotes had 2 different attempts on our neighbours Velar (all caught on our CCTV); they also tried to get an RS3 which had replaced the above GTI.
Its got to the point where most of the home owners have put barriers on their driveway. We share a driveway with our neighbours; we're getting ours fitted in the next week or so going 50/50 with next door. I've put the GRY in storage for the time being to be on the safe side.
When I was messing about with quotes a little while back, I put in a v6 F type and iirc it was £1200 at 22 with 5 years ncb. Was surprised to see it come in so low considering I’d be looking at £1000 for a c250
If I so much as glance at a BMW with a 3.0 litre then the quotes seem to go mental.
Good news is these are all hypothetical issues as I can’t afford any of em yet
If I so much as glance at a BMW with a 3.0 litre then the quotes seem to go mental.
Good news is these are all hypothetical issues as I can’t afford any of em yet
AyBee said:
Roman Moroni said:
Absolutely this.
We live on a small estate in quite a rural area with @ 80 houses. You would have no real course to be here unless you live here or visiting. In the past year I know of at least 6 cars that have been stolen. They include 3 Range Rovers, a MY70 Mini, a Golf GTI & a MY69 E class Mercedes. On top of that the little scrotes had 2 different attempts on our neighbours Velar (all caught on our CCTV); they also tried to get an RS3 which had replaced the above GTI.
Its got to the point where most of the home owners have put barriers on their driveway. We share a driveway with our neighbours; we're getting ours fitted in the next week or so going 50/50 with next door. I've put the GRY in storage for the time being to be on the safe side.
OT, but GTI stolen and then went for an RS3? That's an interesting thought process!We live on a small estate in quite a rural area with @ 80 houses. You would have no real course to be here unless you live here or visiting. In the past year I know of at least 6 cars that have been stolen. They include 3 Range Rovers, a MY70 Mini, a Golf GTI & a MY69 E class Mercedes. On top of that the little scrotes had 2 different attempts on our neighbours Velar (all caught on our CCTV); they also tried to get an RS3 which had replaced the above GTI.
Its got to the point where most of the home owners have put barriers on their driveway. We share a driveway with our neighbours; we're getting ours fitted in the next week or so going 50/50 with next door. I've put the GRY in storage for the time being to be on the safe side.
I've only got the slow(none comp pack) 2018 model M4, and even that has tried to put me in a ditch a few times. So I can understand why the insurance is a bit on the toppy side with them in fairness. They are great fun though for something that is based on a 420d I reckon. I'm 3 years/25k miles in with mine, and I still love it.
If you really want one OP, and you can afford it, then I can definitely recommend them. Plus even if you didn't keep it that long, you can at least say that you've experienced one.
If you really want one OP, and you can afford it, then I can definitely recommend them. Plus even if you didn't keep it that long, you can at least say that you've experienced one.
Doesn't sound that high. Car is 100k and a huge theft target.
Not sure area or job matters that much as these cars are usually stolen to order.
It's either expensive (if you live inside Fort Knox with the US army guarding you), or really expensive if you live somewhere less secure.
One friend owned a Murci and RS4 (similar car to yours). Nice area, gated houses. Thieves broke his gates down, RS4 taken, no interest in Murci.
Another friend had Cayman R and M3, same area, same thing happened, Cayman untouched, M3 in a container to Albania
M cars, VW "R" and RS seem to be the top theft targets
Not sure area or job matters that much as these cars are usually stolen to order.
It's either expensive (if you live inside Fort Knox with the US army guarding you), or really expensive if you live somewhere less secure.
One friend owned a Murci and RS4 (similar car to yours). Nice area, gated houses. Thieves broke his gates down, RS4 taken, no interest in Murci.
Another friend had Cayman R and M3, same area, same thing happened, Cayman untouched, M3 in a container to Albania
M cars, VW "R" and RS seem to be the top theft targets
NAAHD said:
When I was messing about with quotes a little while back, I put in a v6 F type and iirc it was £1200 at 22 with 5 years ncb. Was surprised to see it come in so low considering I’d be looking at £1000 for a c250
If I so much as glance at a BMW with a 3.0 litre then the quotes seem to go mental.
Good news is these are all hypothetical issues as I can’t afford any of em yet
It seems the turbocharged cars are a totally different kettle of fish- when I bought my E82 125i a couple of years ago (23 at the time) my insurance went down from my Alfa MiTo 1.6 JTDm to about £450 per annum... I've not been immune to the price rises, but even so it's £580 this year which isn't that bad really for a lad in his mid 20's, street parking a 3.0 RWD BMW in the centre of Bristol.If I so much as glance at a BMW with a 3.0 litre then the quotes seem to go mental.
Good news is these are all hypothetical issues as I can’t afford any of em yet
Admittedly it is significantly slower and less valuable than an M140i or M4, but even an E90 M3 wasn't mental money- I looked last year when I was trying to figure out if I could actually afford one and quotes were coming in at £900 or so.
Mr Tidy said:
James6112 said:
thebraketester said:
How much did you expect it to be? What's a reasonable amount in your opinion?
£500 a year
I was paying nearly that to insure a 2.8i Capri when I was 29, and that was in 1988!
Surprising as parts are so hard to get that even the indicator/sidelight clusters set into the front bumper are £6k each!
Gassing Station | General Gassing | Top of Page | What's New | My Stuff