Insuring E90 M3 - second car, limited mileage.

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I'm currently using my 2011 E90 M3 every day but will be taking delivery of a new Citigo to use as a work/shops/gym runabout very soon. I then want to use the M3 as a low mileage weekend car.


Can anyone recommend an insurance company who can take into account my 14 years no claims on my daily driver, and are likely to give me a sensible quote for such a thing? I've had a 3 quotes so far; Classic Line & Flux, both approaching £700(!) and one from Keith Michaels at £1500+!!

Is it unreasonable to expect a policy like this (were I only intend to do a couple of thousand miles a year) to cost £2-300? I'm 34, live in a decent area and have decent previous "fast car" experience.


A couple of performance insurance companies won't even entertain insuring BMWs, Greenlight being one of them.


Help!

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Dan_M5 said:

Hasting for me m5 10k miles, 28. £375

Thanks Dan, is that as your second car?

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ndj said:

I have my E90 M3 on a multi-car policy with Admiral, 5K miles P/A, £150, no tracker.

Wow, that's cheap. I've done a quote through Admiral, it comes out at £470 for the BMW (3k miles per year, NCD on this car) and £219 for the Skoda (with no NCD).

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Shaoxter said:

Try Footman James, they're great for limited mileage stuff. As it's a modern car you need join BMW Car Club GB (£40 pa) to insure it as a "modern classic"

Thanks, just tried this and you need to be a BMW CC GB for 12 months, otherwise they won't insure something as new as my M3.

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Thanks chaps for the replies.

We've gone with Admiral in the end, got the missus on with her new Fiesta which arrived yesterday. Saved her about £80.

My M3 will be £461 and the Skoda £229 as part of this 3 car deal. It's a bit dearer for the M3 than this year's policy was with Sky, but if I go with Sky again then the Skoda will end up costing me a lot more due to having no NCD I can use on it. Swings and roundabouts I guess.

I honestly thought that given the circumstances I'd get a really cheap limited mileage specialist policy for the M3, but clearly I was being unrealistic.

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andyman_2006 said:

Glad you got sorted, i have found year on year Admiral are the best for more than one car, as you can mirror the NCD on 2 of the cars and benefit.

In principle you should get a good limited mileage one on the M3 but i suspect risk factor is not much less on the car based on previous claims etc and the small mileage is of little comfort to them to reduce this risk, who knows its a bit of a lottery these days with insurance!

Always best to shop around, glad i could help

Andy