Insurance for 1M in the US

[theshiningnova]

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I saw a similar thread from the ppl across the pond in the UK. Thought I'd start one for the US.

Has anyone asked for a 1M insurance quote yet? What sort of figures are you guys getting if any?

[de85275]

USAA couldn't give me a quote for the 1M yet but a 2012 M3 quote was $1100 a year for me. No tickets, No accidents over 35. Certainly could not be more than that. I'm paying more than that for my Toyota SUV.

[trad]

I got $1800 for a year, california, no tickets, no accident, 100/300 liability, full coverage, $250 deductible, 10 years driving

[SamS]

Originally Posted by de85275

USAA couldn't give me a quote for the 1M yet but a 2012 M3 quote was $1100 a year for me. No tickets, No accidents over 35. Certainly could not be more than that. I'm paying more than that for my Toyota SUV.

I have USAA too, and the same driving situation. I called them, and I think I used a 335is as the example. I don't recall the exact quote, but it seemed reasonable. The main thing with USAA (and probably others) is the mileage per year driven. I plan on keeping my daily-driver Accord, so I told them I would only put 2-3000 miles a year on the 1M. This led to a pretty low rate.

[sq86]

$2100 age 24 12k per year with 250/500 limits

[Hairlesswookiee]

Good thread. I was trying to get something onUSAA as well,but I guess I'll have to call in person to get an exact quote. I'm thinking maybe 700 miles on it a month give or take.

[theshiningnova]

Originally Posted by sq86

$2100 age 24 12k per year with 250/500 limits

If you don't mind me asking, from which insurer and how many years of driving experience?

[sq86]

Originally Posted by theshiningnova

If you don't mind me asking, from which insurer and how many years of driving experience?

No problem. Liberty Mutual and 7 years of driving. I think the rate will go down though by the time I get the car insured because I will turn 25 in June and do not expect to get it back from europe until after my birthday.

[theshiningnova]

Originally Posted by sq86

No problem. Liberty Mutual and 7 years of driving. I think the rate will go down though by the time I get the car insured because I will turn 25 in June and do not expect to get it back from europe until after my birthday.

That look like a good rate to me! It looks like those who don't have US driving history such as myself is going to get ripped off really hard. A colleague of mine with many years(10+) of driving experience in Australia got a quote of 2k+ from Liberty Mutual for a new 2.4L Accord

Good on you securing a May ED! My dealer kept telling me that mine's production is June, I hope my July ED will go according to plan!

[sq86]

Originally Posted by theshiningnova

That look like a good rate to me! It looks like those who don't have US driving history such as myself is going to get ripped off really hard. A colleague of mine with many years(10+) of driving experience in Australia got a quote of 2k+ from Liberty Mutual for a new 2.4L Accord

Good on you securing a May ED! My dealer kept telling me that mine's production is June, I hope my July ED will go according to plan!

I originally wanted it to be in September but beggars won't be choosers lol.

[Wild Bill]

Just heard from State Farm, the 1M finally showed up on their system, the quote we got was $350 for 6 months, pleasure use under 7500 miles a year, thats with multicar and home insurance discount. Not mentioning ages, but that is with many, many decades of driving experience and not too many tickets.

WB

[theshiningnova]

Originally Posted by Wild Bill

Just heard from State Farm, the 1M finally showed up on their system, the quote we got was $350 for 6 months, pleasure use under 7500 miles a year, thats with multicar and home insurance discount. Not mentioning ages, but that is with many, many decades of driving experience and not too many tickets.

WB

WOW!!!!!!!!!!!!!! Did you only get the absolute minimum required insurance by the state??????? I take "many" means >= 3???? Regardless, that's very cheap compared with everyone else heh

[Wild Bill]

Originally Posted by theshiningnova

WOW!!!!!!!!!!!!!! Did you only get the absolute minimum required insurance by the state??????? I take "many" means >= 3???? Regardless, that's very cheap compared with everyone else heh

Nope we got the 100/300

[Mnime]

Originally Posted by Wild Bill

not too many tickets.

WB

YET

Gotta love State Farm... Waiting on a quote myself from them.

[Wild Bill]

Originally Posted by Mnime

YET

It is not easy now, with 2 JCW MINIs (04 & 10) and a Corvette in the stable.

I don't think the 1M will get us in too much more trouble than the rest of the cars

WB

[Mnime]

State Farm just came in at 1376.00 yr for me. Multi line disc (home owners only) and a defensive driving cert. Basically went up 65.00 yr over my MINI. I am OK with that.

[IndyMike]

USAA

Vehicle: 2011 BMW M1
$300k/$500k
$500 Deductible

Vehicle Miles per Year: 4000

$266 every 6 mos.

That's actually $5 less than the recently dearly departed 2009 135i.

[Sy546]

Geico
$500k/$1Mil
$500 deductibles
mileage: 6000/year.

$600/6 months.

23
bunch of tickets, no speeds. 1 short suspension.
Male.

Insurance is highly dependent on zip code and your other policies though. From my house in LI to my apartment in Manhattan the price difference is literally twice the money! Also multi- car discount gives a big discount. & i have an umbrella policy with my insurer.

[Blue55]

I'm in California and have been extremely happy with Mercury. The rate is very reasonable but more importantly they covered me when I had a total write off for full replacement value with no issues.

[mclemens]

State Farm - $580 per year, 0 deductible, less than 7,000 miles/year, driving for 49 years