Forum for the entire range of BMW electric vehicles
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW i8 Forums BMW i8 General Discussion

Post Reply
 
Thread Tools Search this Thread
      02-19-2016, 10:59 AM   #1
mptpa
Lieutenant
mptpa's Avatar
United_States
251
Rep
487
Posts

Drives: 2019 M850i
Join Date: May 2014
Location: Tampa, FL

iTrader: (0)

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
__________________
2019 M850i (ED Mar 2019) Sonic Speed Blue/Fiona Red/Black
2018 X4 M4.0 blue/white (wife?s)
2015 i8 (Feb 2016) White Pure Impulse (SOLD)
2015 M4 (ED Aug 2014) Austin Yellow/Sakhir Orange, EXEC, DCT, LED, Driver Assist (SOLD)
2015 328GT (ED Apr 15), White, loaded (Wife's)
2012 X3 2.8, Dark Blue/Red (Wife's SOLD)
Retired: 2011 535i, ED / 2008 335is / 2006 525i ED,
2003 525i ED / 2002 Audi TT
Appreciate 0
      02-19-2016, 11:13 AM   #2
MalibuBimmer
Founder, Knights of the Roundel website
MalibuBimmer's Avatar
United_States
967
Rep
1,723
Posts

Drives: 2015 M4 and 2018 AMG GT
Join Date: Mar 2008
Location: The Santa Monica Mountains, CA

iTrader: (0)

Garage List
2018 Mercedes AMG GT  [0.00]
2018 Audi Q3  [0.00]
2015 BMW M4  [10.00]
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.
__________________
Previously: 2014 i8; 2013 650i convertible; 2013 650i Gran Coupe; 2013 X1; 2010 550i GT; 2010 535 GT; 2010 Z4 3.5; 2008 535ixt; 2007 M6 convertible; 2006 650i convertible; 1996 Z3; 1980 633CSi; 1978 630CS; 1972 3.0CS; 1971 Bavaria. (1971; 1979-2005 & 2017 - ? -- the Mercedes years.)
Appreciate 0
      02-19-2016, 12:13 PM   #3
ChiTownM
Lieutenant Colonel
ChiTownM's Avatar
United_States
1046
Rep
1,533
Posts

Drives: M and i BMWs
Join Date: Oct 2010
Location: Chicago

iTrader: (0)

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.
Appreciate 1
      02-19-2016, 01:10 PM   #4
mptpa
Lieutenant
mptpa's Avatar
United_States
251
Rep
487
Posts

Drives: 2019 M850i
Join Date: May 2014
Location: Tampa, FL

iTrader: (0)

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.
__________________
2019 M850i (ED Mar 2019) Sonic Speed Blue/Fiona Red/Black
2018 X4 M4.0 blue/white (wife?s)
2015 i8 (Feb 2016) White Pure Impulse (SOLD)
2015 M4 (ED Aug 2014) Austin Yellow/Sakhir Orange, EXEC, DCT, LED, Driver Assist (SOLD)
2015 328GT (ED Apr 15), White, loaded (Wife's)
2012 X3 2.8, Dark Blue/Red (Wife's SOLD)
Retired: 2011 535i, ED / 2008 335is / 2006 525i ED,
2003 525i ED / 2002 Audi TT
Appreciate 0
      02-19-2016, 01:17 PM   #5
jcpca356
Lieutenant
jcpca356's Avatar
164
Rep
465
Posts

Drives: i8
Join Date: Dec 2014
Location: Chicago

iTrader: (0)

Quote:
Originally Posted by ChiTownM View Post
I pay that for my i8 with a 1K deductible. State Farm.
I'm calling state farm
__________________
2015 BMW i8, 2018 Triumph Bobber Black, 2005 Lotus Elise Widebody, 2019 Rav4 Hybrid, 2019 Tundra TRD, 2019 Trek Powerfly 5 (love it!)
Appreciate 0
      02-19-2016, 02:52 PM   #6
ian_i3S_iX
Private First Class
ian_i3S_iX's Avatar
United Kingdom
58
Rep
176
Posts

Drives: i3S, iX on order due Nov
Join Date: May 2014
Location: Cornwall, UK

iTrader: (0)

Garage List
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
Appreciate 0
      02-19-2016, 04:49 PM   #7
Baron UK
Private First Class
Baron UK's Avatar
United Kingdom
52
Rep
183
Posts

Drives: Ionic silver i8 & RR vogue v8
Join Date: May 2015
Location: Kent

iTrader: (0)

£760. No traker and kept in open courtyard. NFU
Appreciate 0
      02-06-2017, 12:13 PM   #8
Lawsoc
Private First Class
United Kingdom
124
Rep
170
Posts

Drives: BMW M2
Join Date: Feb 2017
Location: Durham U.K

iTrader: (0)

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
Appreciate 0
      02-06-2017, 01:11 PM   #9
fishpond
First Lieutenant
United Kingdom
77
Rep
367
Posts

Drives: i8
Join Date: Apr 2016
Location: London, UK

iTrader: (0)

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.
Appreciate 0
      02-06-2017, 02:16 PM   #10
Maxxsirrah
First Lieutenant
Maxxsirrah's Avatar
118
Rep
328
Posts

Drives: BMW i8 2017, Crystal White
Join Date: Jan 2017
Location: Leicestershire, UK

iTrader: (0)

Garage List
Quote for mine starting 1st March - £471 - NFU Mutual again. Marvellous!
Appreciate 0
      02-06-2017, 02:54 PM   #11
Jo-Sta07
Captain
Jo-Sta07's Avatar
474
Rep
687
Posts

Drives: Ferrari 458, BMW i8, Acura NSX
Join Date: Aug 2016
Location: Scottsdale/Pittsburgh

iTrader: (0)

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.
Appreciate 0
      02-06-2017, 03:31 PM   #12
SteveB_UK
Private First Class
United Kingdom
23
Rep
137
Posts

Drives: i8
Join Date: Jan 2017
Location: Abingdon, Oxon, UK

iTrader: (0)

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.
Appreciate 0
      02-06-2017, 04:25 PM   #13
fishpond
First Lieutenant
United Kingdom
77
Rep
367
Posts

Drives: i8
Join Date: Apr 2016
Location: London, UK

iTrader: (0)

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...
Appreciate 0
      02-06-2017, 05:22 PM   #14
SteveB_UK
Private First Class
United Kingdom
23
Rep
137
Posts

Drives: i8
Join Date: Jan 2017
Location: Abingdon, Oxon, UK

iTrader: (0)

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.
Appreciate 0
      02-07-2017, 02:56 AM   #15
fishpond
First Lieutenant
United Kingdom
77
Rep
367
Posts

Drives: i8
Join Date: Apr 2016
Location: London, UK

iTrader: (0)

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!
Appreciate 0
      02-07-2017, 03:20 AM   #16
NGR
Lieutenant
United Kingdom
102
Rep
407
Posts

Drives: i8
Join Date: Aug 2016
Location: UK

iTrader: (0)

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.
__________________
2014 i8
2002 x5 4.6is
Appreciate 0
      02-07-2017, 12:14 PM   #17
Lawsoc
Private First Class
United Kingdom
124
Rep
170
Posts

Drives: BMW M2
Join Date: Feb 2017
Location: Durham U.K

iTrader: (0)

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
Appreciate 0
      02-07-2017, 01:50 PM   #18
SteveB_UK
Private First Class
United Kingdom
23
Rep
137
Posts

Drives: i8
Join Date: Jan 2017
Location: Abingdon, Oxon, UK

iTrader: (0)

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.
Appreciate 0
      02-09-2017, 10:58 AM   #19
damian1M
New Member
United Kingdom
3
Rep
27
Posts

Drives: BMW i8 Protonic Red Edition
Join Date: Jul 2014
Location: Northants

iTrader: (0)

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.
Appreciate 0
      03-27-2017, 06:39 AM   #20
fishpond
First Lieutenant
United Kingdom
77
Rep
367
Posts

Drives: i8
Join Date: Apr 2016
Location: London, UK

iTrader: (0)

Quote:
Originally Posted by damian1M View Post
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).
Appreciate 0
      04-06-2017, 12:05 PM   #21
W412WCK
New Member
W412WCK's Avatar
United Kingdom
0
Rep
10
Posts

Drives: BMW i8
Join Date: Apr 2017
Location: DROITWICH

iTrader: (0)

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
Appreciate 0
      04-06-2017, 05:26 PM   #22
fishpond
First Lieutenant
United Kingdom
77
Rep
367
Posts

Drives: i8
Join Date: Apr 2016
Location: London, UK

iTrader: (0)

Quote:
Originally Posted by W412WCK View Post
BMW only charged me £718 which was cheaper than Direct line select at £956
BMW refused to quote me without a tracker! Not impressed...
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:52 PM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST