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      02-19-2016, 11:59 AM   #1
mptpa
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I8 insurance costs

Hey guys
A quick question. What kind of insurance cost is being paid. For reference, I pay $515 per 6 months on my M4. Thx
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      02-19-2016, 12:13 PM   #2
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2015 BMW M4  [5.00]
I pay about that for my M4 and $200 more every 6 months on the i8. I also have a 19 year old in the household, though she is driving a GMC Canyon pickup most of the time.
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      02-19-2016, 01:13 PM   #3
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Quote:
Originally Posted by mptpa
Hey guys
A quick question. What kind of insurance cost is being paid. For reference, I pay $515 per 6 months on my M4. Thx
I pay that for my i8 with a 1K deductible. State Farm.
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      02-19-2016, 02:10 PM   #4
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Quote:
Originally Posted by ChiTownM
Quote:
Originally Posted by mptpa
Hey guys
A quick question. What kind of insurance cost is being paid. For reference, I pay $515 per 6 months on my M4. Thx
I pay that for my i8 with a 1K deductible. State Farm.
Awesome. Thx guys for quick response.
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2015 328GT (ED Apr 15), White, loaded (Wife's)
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      02-19-2016, 02:17 PM   #5
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Quote:
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I pay that for my i8 with a 1K deductible. State Farm.
I'm calling state farm
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      02-19-2016, 03:52 PM   #6
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In the UK just arranged mine 600 for a year $850 has to be fitted with a tracking device

This is cheap BMW Insurance wanted 1400

All others prices from 1500 up insisted on a Tracking device with a fob no fob and the car still drives but tracking enabled police can remotely disable the car.

If I added a 19 year old to mine it would likely be uninsurable or over 500 a month
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      02-19-2016, 05:49 PM   #7
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760. No traker and kept in open courtyard. NFU
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      02-06-2017, 01:13 PM   #8
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hi thinking of getting an I8 and getting some ridiculous insurance quotes can I ask which company you used as if I can near your quote <800 I will be happy Cheers Claire
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      02-06-2017, 02:11 PM   #9
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Quote:
Originally Posted by Lawsoc View Post
hi thinking of getting an I8 and getting some ridiculous insurance quotes can I ask which company you used as if I can near your quote <800 I will be happy Cheers Claire
Have you tried the comparison sites? Mine came in around 600 last April.
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      02-06-2017, 03:16 PM   #10
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Quote for mine starting 1st March - 471 - NFU Mutual again. Marvellous!
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      02-06-2017, 03:54 PM   #11
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I had multiple quotes and they were all over the place. Some were insanely high. I ended up putting it one of my companys so I doubt my rate is a good barometer.
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      02-06-2017, 04:31 PM   #12
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About 350 for 15k miles, 5k business, car on driveway, with Aviva Multicar. Needed a tracker, which fortunately the car already had so an extra 133 a year for that (bought 3 years upfront).

The comparison sites were crap. And if I said no tracker, cheapest was about 900.
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      02-06-2017, 05:25 PM   #13
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Quote:
Originally Posted by SteveB_UK View Post
About 350 for 15k miles, 5k business, car on driveway, with Aviva Multicar. Needed a tracker, which fortunately the car already had so an extra 133 a year for that (bought 3 years upfront).

The comparison sites were crap. And if I said no tracker, cheapest was about 900.
I have heard that Aviva are good value, but when I tried to insure with them previously, I think their upper limit car value was 75k which was 40k short of the new car price. That may have changed now...
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      02-06-2017, 06:22 PM   #14
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Quote:
Originally Posted by fishpond View Post
Quote:
Originally Posted by SteveB_UK View Post
About 350 for 15k miles, 5k business, car on driveway, with Aviva Multicar. Needed a tracker, which fortunately the car already had so an extra 133 a year for that (bought 3 years upfront).

The comparison sites were crap. And if I said no tracker, cheapest was about 900.
I have heard that Aviva are good value, but when I tried to insure with them previously, I think their upper limit car value was 75k which was 40k short of the new car price. That may have changed now...
Mine cost me below 60k so perhaps I'm below a certain threshold.

I know Jas got a similar deal to me with BMW Insurance and on a newer car I think. They weren't competitive for me as my mileage was too high.
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      02-07-2017, 03:56 AM   #15
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Quote:
Originally Posted by SteveB_UK View Post
Mine cost me below 60k so perhaps I'm below a certain threshold.

I know Jas got a similar deal to me with BMW Insurance and on a newer car I think. They weren't competitive for me as my mileage was too high.
At sub 60k, sounds like you got an absolute bargain!
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      02-07-2017, 04:20 AM   #16
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Quote:
Originally Posted by Lawsoc View Post
hi thinking of getting an I8 and getting some ridiculous insurance quotes can I ask which company you used as if I can near your quote <800 I will be happy Cheers Claire
Again, comparison sites are a good bet. I got 650 from Privilege but low-ish annual miles and garaged - that's me with full no claims and in mid-forties.
I didn't need a tracker but most other quotes were off the chart.

As a comparison, my 4.6is X5 (obviously worth a lot less but similar BHP), costs about 350 and my previous 635d was around the same.

It's all down to postcode, age, history etc... any blemish and you're over a grand in a heartbeat for an i8... My 17 year old son wants to drive it now he's had a couple of driving lessons - I nearly died laughing at him.
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      02-07-2017, 01:14 PM   #17
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I am 47, completely white record, no claims no points etc etc 8000 miles annum, car in locked garage, live in nice area rang municipal today 1300 !!!! I currently pay 450 for BMW 430D. Rang quiet a few others and can't get insurance as price of car too expensive ARGH if I can't get below 1000 don't think I'll be getting one as each year it will just go up and up
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      02-07-2017, 02:50 PM   #18
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Quote:
Originally Posted by Lawsoc View Post
I am 47, completely white record, no claims no points etc etc 8000 miles annum, car in locked garage, live in nice area rang municipal today 1300 !!!! I currently pay 450 for BMW 430D. Rang quiet a few others and can't get insurance as price of car too expensive ARGH if I can't get below 1000 don't think I'll be getting one as each year it will just go up and up
Buy a cheaper i8!! And make sure you say there's a tracker fitted.

There are a fair few at about 62k and I've been watching them come down as I've been following UK prices closely.

So there's bound to be a deal to be done below 60k. And that seems to be a value trigger point for some insurers - so having a car worth 59.5k with a tracker could be the difference. Try some comparison sites and see what happens.

IMO you're better off buying one that's been used regularly with 20k miles on than one that's been sat mollycoddled and only brought out on a sunny day. Any teething issues may not have been found yet.
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      02-09-2017, 11:58 AM   #19
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Quote:
Originally Posted by Baron UK View Post
760. No traker and kept in open courtyard. NFU
NFU here too. I did have a BMW Trackstar fitted, just in case.
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      03-27-2017, 07:39 AM   #20
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NFU here too. I did have a BMW Trackstar fitted, just in case.
Just purchased for 486 from NFU (no tracker) based on 8k miles per year.

Next best was Direct Line @ 535.

Comparison sites were terrible (~1300).
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      04-06-2017, 01:05 PM   #21
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BMW was Cheaper

Quote:
Originally Posted by ian_i8_i3 View Post
In the UK just arranged mine 600 for a year $850 has to be fitted with a tracking device

This is cheap BMW Insurance wanted 1400

All others prices from 1500 up insisted on a Tracking device with a fob no fob and the car still drives but tracking enabled police can remotely disable the car.

If I added a 19 year old to mine it would likely be uninsurable or over 500 a month
BMW only charged me 718 which was cheaper than Direct line select at 956
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      04-06-2017, 06:26 PM   #22
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BMW only charged me 718 which was cheaper than Direct line select at 956
BMW refused to quote me without a tracker! Not impressed...
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