Insurance costs on F10 M5
Discussion
magnus911 said:
Try putting your dad on as a named driver (at least if you're under 36) and are you really going to do 10k? 8k would be cheaper. i always find Admiral to be best value for me. I'm 31 with 8 years no claims and sticking one of my parents on usually decreases premiums by 25% or so.
Admiral are cheapest because there cover isn't as good. They don't cover any optional equipment so if your car gets nicked they will only replace it with a standard car.......At laast that was the case three years ago when I asked them to quote on my X5....you have to specify all the optional equipment but they don't cover it. On something like a BMW that's not good.
Cheib said:
Admiral are cheapest because there cover isn't as good. They don't cover any optional equipment so if your car gets nicked they will only replace it with a standard car.......
At laast that was the case three years ago when I asked them to quote on my X5....you have to specify all the optional equipment but they don't cover it. On something like a BMW that's not good.
Not strictly true. Have a look at http://www.elephant.co.uk/policyDocs/EL51%201111%2...At laast that was the case three years ago when I asked them to quote on my X5....you have to specify all the optional equipment but they don't cover it. On something like a BMW that's not good.
From the latest policy book:
We will not pay
• any modifications unless they form part of the manufacturers standard specification or are optional extras that we have agreed to cover. See also Extra Conditions (endorsement 11)
We had a similar quote to you for my wife and myself on a f10 m5 . We're both 34 years of age with full NCB and no convictions or accidents living in the wilds of Herefordshire and if I remember correctly was with Zurich Premium ( or something like that) .
It seems that all the ambulance chasers have pushed up premiums for us all.
It seems that all the ambulance chasers have pushed up premiums for us all.
Try A-plan in High Wycombe. I have had both my cars with them for the past 7 years - always check their quote against the market and find that for me they have been close enough not to warrant the hassle of changing - plus I have had a good service from them.
I have just changed about 10 days ago from my E90 M3 saloon to F10 M5 and my premium went up by £15.
Can't remember what I am paying but it is in the £600 to £700 range. I am similar vintage to OP but slightly younger
I have no connection to them.
I have just changed about 10 days ago from my E90 M3 saloon to F10 M5 and my premium went up by £15.
Can't remember what I am paying but it is in the £600 to £700 range. I am similar vintage to OP but slightly younger
I have no connection to them.
Cheib said:
Admiral are cheapest because there cover isn't as good. They don't cover any optional equipment so if your car gets nicked they will only replace it with a standard car.......
At laast that was the case three years ago when I asked them to quote on my X5....you have to specify all the optional equipment but they don't cover it. On something like a BMW that's not good.
Well it may not be good on a regular BMW but an M5 has pretty much every option ticked as standard; so unless you're having mega-expensive individual leather and paint you should be OK.At laast that was the case three years ago when I asked them to quote on my X5....you have to specify all the optional equipment but they don't cover it. On something like a BMW that's not good.
Thanks to most for the helpful guidance. I will be following up the leads in the morning.
I am not sure where I said that I wanted a bad or cheap insurer. I just want a better deal.
I have a number of expensive high performance cars insured via two different brokers and this quote is way higher than any of them. Something doesn't seem right.
I am not sure where I said that I wanted a bad or cheap insurer. I just want a better deal.
I have a number of expensive high performance cars insured via two different brokers and this quote is way higher than any of them. Something doesn't seem right.
I just had my renewal for my 6 month old E92 M3. Had been with Admiral and previously A-plan (who are a decent bunch to be fair). Over £1k which I have never paid on any car ever. Tried confused.com and closed the site down when it looked like the cheapest was £1300. Got a call within about 10 minutes from said website asking me what I thought of the quotes which I was quick to tell him. However it would appear that I was rather hasty as he informed me that Tesco had quoted £640, which on checking my email, they had. Quick call to them and I get asked whether I have a clubcard? I give them the details, new premium £514 :-) I found myself asking more questions than they asked me as I didn't believe what I was hearing.
37, Wife 35, max NCB car garaged and business class 1.
In this case Every Little Helps was actually quite a lot!
37, Wife 35, max NCB car garaged and business class 1.
In this case Every Little Helps was actually quite a lot!
After trying Tesco who said "no quote" and two of the other brokers mentioned, I rang the broker who looks after the wife's car insurance. Ended up with Aviva Distinct for £1,100 and £1,500 excess but paid a one of £38.50 to pay £1,000 of the excess.
Not great but I was running out of options.
Now to wait for Monday to enjoy the car.
Thanks for the help.
Not great but I was running out of options.
Now to wait for Monday to enjoy the car.
Thanks for the help.
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