e46 M3 pricing and insurance

[spud989]

Afternoon all,

I've been perusing the M3 ads and I hadn't realised that you can now get them from about 9 grand or so. I realise most of the sub 10k ones are going to be a bag of spanners, but does anyone know how much you should expect to pay for an honest (but likely fairly old/high mileage) M3? Would 11/12k secure a decent one? Some look OK in the ads, but just wondering if anyone's got any relatively recent first-hand experience.

Also, I'm 24 in a few months. And the difference between 24 + 3 years NCB and 25 and 4 years NCB is absolutely mindblowing. I've added parents etc., but most companies want well over £2,400 if I were to buy one this summer at 24+3.

Will someone like Flux have a go at beating that, considering I've had a decent amount of experience in a 3.0 Z4 and an RX-8?

Cheers for any help!

[J888SXY]

Try Flux or any of the specialists.

Alternatively, just hang on a year!

[mikedav]

I had one at 24...£1200 with 4 years NCB, £500 excess though. That was Bell and the car was valued at £28k

[spud989]

If I could get anywhere near that, I'd have one in a heartbeat! I can get it down to £1,900 or so, but only by having a £1,000 excess! Might be a job for the specialists.

[andye30m3]

A plan who used to sponsor the forums used to be the best I could find for E36 M3 insurance so they might be worth trying.

[sjj84]

I was 24 when I got mine last year, insurance was £1300 including my at the time 22 year old girlfriend. Hopefully it'll be a bit cheaper this time round.

[NickXX]

I was 25 when I got mine. 3yr no claims, no points and around £1k with Bell.

If you've been driving fairly quick cars for a few years, try a broker like A-Plan/Greenlight. I will be going with one of them upon renewal.

[spud989]

How are you getting it so low whilst still under 25? sjj, do you mind saying where yours was from?

Thanks for all the help so far.

[Matt From Flux]

spud989 said:

Afternoon all,

I've been perusing the M3 ads and I hadn't realised that you can now get them from about 9 grand or so. I realise most of the sub 10k ones are going to be a bag of spanners, but does anyone know how much you should expect to pay for an honest (but likely fairly old/high mileage) M3? Would 11/12k secure a decent one? Some look OK in the ads, but just wondering if anyone's got any relatively recent first-hand experience.

Also, I'm 24 in a few months. And the difference between 24 + 3 years NCB and 25 and 4 years NCB is absolutely mindblowing. I've added parents etc., but most companies want well over £2,400 if I were to buy one this summer at 24+3.

Will someone like Flux have a go at beating that, considering I've had a decent amount of experience in a 3.0 Z4 and an RX-8?

Cheers for any help!

I can get someone to have a look at this for you. If you pm me your number I will get someone to give you a call.

[E36GUY]

I shop around religiously every insurance renewal and Elephant have been cheaper than all by a mile. The first company that I have renewed with three years on the bounce.

[spud989]

Elephant is who I'm currently with for the Z4. The price hike for the M3 was absolutely incredible, though.

Matt, I don't know how to (or if you can!) PM on Pistonheads. Is your email just [e-mail] ?

[HarryH]

spud989 said:

If I could get anywhere near that, I'd have one in a heartbeat! I can get it down to £1,900 or so, but only by having a £1,000 excess! Might be a job for the specialists.

have you tried kwik fit?
to combat the £1000 excess worry, you can take out an "excess insurance" they do for about £50 which will cover the £1000 if you need to claim

[318is boy]

im 21 living in an RH12 postcode and paying, gulps, £1780 fully comp, 750 excess on a e36 m3 evo with 3yr ncb.

i say do it before you get tide down with a wife, kids and mortgage and it becomes just a dream

[mat59]

I'm 28 with 5 yrs NCB and my insurance is £750 with A plan. Unlimited miles and a sensible excess.

If you can do a limited mileage policy that may also reduce the premium (did this on my revious S2000).

[joegillett]

318is boy said:

im 21 living in an RH12 postcode and paying, gulps, £1780 fully comp, 750 excess on a e36 m3 evo with 3yr ncb.

i say do it before you get tide down with a wife, kids and mortgage and it becomes just a dream

im 21 and looking to buy an e46 m3 asap but best quote ive got is £2613 and thats if i pay it all at once. they want £4400 if i do it monthly. thats with elephant. who are u insured with?
also, i have a class 1 license but cant find any company that will recognise this, can any1 help?

[Vixpy1]

318is boy said:

im 21 living in an RH12 postcode and paying, gulps, £1780 fully comp, 750 excess on a e36 m3 evo with 3yr ncb.

i say do it before you get tide down with a wife, kids and mortgage and it becomes just a dream

Thats cheap!

When i was 21 I was paying £3800 a year on my M3 evo

[Koing]

I was getting STUPID quotes when I was 24 with 3yrs NC of £3k+. I got the E46 M3 when I was 26 with 4yrs NCB m id way through my S2000 policy. Works out to be about £1250. It should drop some more in June when I'll have 5yrs NCB! I'm with Elephant and they are the cheapest for me. I think my excess is £750 or so?

Living in Surrey.

Koing

[HairyChineseKid]

Hi peeps,

Just wondered which companies you got these cheap M3 quotes with?, Im 24 with 2 years NCB best quote i have had is 2040 fully comp 500 excess with competition car insurance through aviva?

Cheers

Nick

[Mahogany]

I'm 23, drive an E46 M3, 1 year NCB, £1340. That's with Admiral.

[spud989]

That's ridiculously low for 1 year's no claims!