M5 Insurance

[pinkboy]

Not sure if anyone can help. I have juts bought an M5, i live in London, and the insurance is pretty astronomical. I wasn't sure if there were any companies that specialised in insurance for such a car, or if there were any enthusiast clubs which would help bring the premium down??

Anyway if anyone has any information that could help it would be appreciated.

Thanks all.

[belleair302]

Join the BMW Owners Club and then the M Power Section. We have a deals with insurance companies. I have an M5 and am central London based and don't pay a fortune.

[cosworth330]

I had to renew my insurance on my 2001 M5 last month, i'm 40yrs with full no claims & only use the car for social purposes. Went on Go compare and bought a policy with Liverpool Victoria ins £386 fully comp. I pay more for my Volvo V70 D5 R design !

Simon.

[5 In a Row]

cosworth330 said:

I had to renew my insurance on my 2001 M5 last month, i'm 40yrs with full no claims & only use the car for social purposes.

Same details for me.
I paid £400 with Elephant although I live in the sticks Oop North.

[pinkboy]

Thanks all. Yes my insurance is with elephant too. I am 38 yrs use the car for social domestic pleasure use, full no claims and my premium is £1800!!

Anyway will keep looking.

Thanks for all the help so far.

[ChrisMCoupe]

pinkboy, that quote does seem very high although I don't know the premiums for living in central London. I'm also with Elephant on my M6 and pay around £1000. I'm 27 with full no claims etc. I live 20 miles south of London though.

Edited by ChrisMCoupe on Friday 13th August 15:25

[CarbonBlackM5]

I pay £772 based on a Reading postcode. Business use, 34yrs old. The OH has a SP30 and we have 2 claims each listed (dont ask).

Thats with 1st Central. I found confused.com the best.

[mr sagman]

Try Classicline insurance in Hinckley they are superb, They insured my Tuscan and my m5 for less than I could get just the M5 for anywhere else, £780 for the M5 and my postcode is the 3rd worst in the uk.
Good luck.

[M5Dave]

I got mine through A-Plan for £580.

42 years old, full no claims, no accidents or convictions and living in a reasonable area.

Car is a 2001 M5 doing 12,000 miles per year, and covered for social, commuting and business.

[docdale]

Try Keith michaels insurance, Gary Moulson person to speak to.

I used them for my modifed impreza in the past and stayed with them for last few years with subsequent cars.

My E60 M5 with protected NCB etc is about £650-700, car about £35k, 34yo full NCB

I also have a clio 172 which I have a linked policy so can use the no-claims on both cars via Gary which is really good.

[Jazzer]

I went this year with ESI, part of the A&A Group.

They saved me a lot of money on the E60 M5 and I'd recommend them.

Deal directly with John Tansley, their general manager, for the best deal.....0208 939 3921, e-mail

[e-mail]

Jazzer

[pinkboy]

Thanks again for all the advice. In the process of trying to obtain the best quote. Will keep you all posted.

Cheers!!

[rich1231]

Dont just go for the very cheapest!

[TEKNOPUG]

Central London postcodes and M cars don't mix I'm afraid. It's cheaper for me to insure a £70k Aston Martin Vanquish than a £5k E36 M3......Good Luck with your search and keep us posted.

[broster]

pinkboy said:

Thanks all. Yes my insurance is with elephant too. I am 38 yrs use the car for social domestic pleasure use, full no claims and my premium is £1800!!

Anyway will keep looking.

Thanks for all the help so far.

im 27, e39 m5, social and domestic and i pay lots and lots less than that! northampton post code.

plenty of good deals about on insurance. just need to spend some time shopping around

[996 sps]

CarbonBlackM5 said:

I pay £772 based on a Reading postcode. Business use, 34yrs old. The OH has a SP30 and we have 2 claims each listed (dont ask).

Thats with 1st Central. I found confused.com the best.

I'm with 1st Central give me the cheapest quote at £656.

Found Adrian Flux high!