[Beek]

I don't understand the argument that since there are more 335's than M3/4's they are more likely to get in an accident. How is any individual car's odds of something bad happening been increased by there being more of them on the road? Doesn't each individual lottery ticket have the same odds of winning regardless of how many of them you have? It seems to me the larger number of 335's should make replacement parts cheaper and more available so the 335 should be cheaper to insure, at least from a parts perspective. Also while I've never compared prices myself I'd be willing to bet an M Hood or Headlight assembly costs more than similar parts on a 335. The one thing I know for sure is the Insurance Companies are Bandits.

[White340]

You probably also get a new car discount on the M4 which might have been lost by now on the 335.

[jmg]

Originally Posted by White340

You probably also get a new car discount on the M4 which might have been lost by now on the 335.

I bet it's this and the safety features. The commonality argument doesn't make sense to me, but then again, I'm not an insurance agent.

[chiefneil]

Originally Posted by Beek

I don't understand the argument that since there are more 335's than M3/4's they are more likely to get in an accident.

Yeah I was scratching my head over that one too. Following that logic, Camrys and Accords should be the most expensive cars to insure.

[MuffinMan910]

Originally Posted by chiefneil

Yeah I was scratching my head over that one too. Following that logic, Camrys and Accords should be the most expensive cars to insure.

welcome to Canada's logic

5 years ago when I was looking at buying my first car and shopping around for insurance rates, I was told, whatever I do, don't buy a civic

https://www.ratelab.ca/most-expensiv...re-in-ontario/

looks like now the Camry is the most expensive car to insurance in Ontario, civic is still on that list

[aL_bmwf30]

Originally Posted by alex2364

My 335i lease is ending later this year and I was thinking about leasing a new M3/M4. I got a quote from my insurance company (Geico) for the exact same coverage. I'm paying $557/6 months for my 2014 335i now and Geico quoted me $527/6 months for a 2017 M4. How is this even logical??

Man $527 for 6 months is cheap, I live in New York City, insurance here is crazy expensive, what state you in?

[chiefneil]

Originally Posted by MuffinMan910

welcome to Canada's logic

5 years ago when I was looking at buying my first car and shopping around for insurance rates, I was told, whatever I do, don't buy a civic

https://www.ratelab.ca/most-expensiv...re-in-ontario/

looks like now the Camry is the most expensive car to insurance in Ontario, civic is still on that list

I remember reading an article about thriving stolen-parts markets for the most popular cars driving insurance prices up. That logic does make sense to me - the more of a particular car on the road, the higher the demand for 2nd hand parts, which drives theft.

[Dog Face Pony Soldier]

While trying to talk myself into a Ford Fusion instead of the 2014 335i I eventuality purchased; I noticed the $35k Ford was actually slightly more expensive to insure (same coverage) than the almost $60k BMW. I assume this reflects Ford owners are more likely to file a claim than BMW owners. :

[GCinFLA]

Heads Up. GEICO has a flaw when quoting new car that it rates it as an ADDITIONAL car so the rates are lower.

This happened when we swapped out a Toyota on my policy for a F30 at over 2x the cost....the F30 was cheaper.

It took them 2 years to catch it, but they did...and then the rate increased about 50%, much to my dismay.

They admitted the flaw and that it had been insured to cheap for the previous years.

[gds52]

Because 15 minutes saved you $15 * 2

On the serious note, this could be due to safety features on newer model M4, for example collision prevention system and things like that. These features bring premiums down.

[silverm0623]

I'm paying about $1100/6-month through USAA for my ActiveHybrid 3 (335i). Had one accident but that was "forgiven" so it shouldn't be a factor. I do have one speeding ticket for I believe 10mph over on my last car.

[theEZV]

I have Geico and my 6 month premium is $821. No accidents or tickets or anything. Insanity. My 2013 WRX was almost 50% cheaper to insure.

[jmg]

This thread is depressing me. After 3 accidents (not my fault) on my 328i and 2 tickets (my fault), my insurance SKYROCKETED.

[Bbb34]

Originally Posted by jmg

This thread is depressing me. After 3 accidents (not my fault) on my 328i and 2 tickets (my fault), my insurance SKYROCKETED.

It's likely your tickets, not at fault accidents just cannot be held against you as they cost your insurance absolutely nothing (at least in Canada).

That said, in my personal experience, there's sometimes no logic with insurance companies. Speeding tickets that get you no demerit points can still jack up your premiums . Years ago I moved from one city to another and my insurance went up given that "I'm moving to different province, bigger city, more likely to end up in accident, get car stolen...etc..". OK, fine, I can certainly buy that, but after just over a year, I moved back and my insurance went up again (can't recall exact reasons for that one) even though I had same car, no claims and my record was just as clean as it was before the move, and I was dealing with same insurance company .

Also, recently we upgraded two cars in my family, one 10 year old beater to a brand new drastically more expensive vehicle and our premium went down a bit on this one. Year later, I traded in the car that was 4 years old at the time, worth less than 1/2 the value of 5 series I was buying, and my premiums went down again (all without changing coverage or insurance company). Of course, I wasn't going to put up a fight on this one, but like I said, they don't always make sense to me with how they asses the risk.

[paul e]

My collector car insurance with H******y went from $314 to $415 for a 92 Miata. 33% more.

I shopped, G****y had it for $170, and I went with AMIG FOR $196 as my agent handles that company. All for the same car and coverage. Makes little sense to me, but there it is.

[HotTea69]

Originally Posted by Beek

I don't understand the argument that since there are more 335's than M3/4's they are more likely to get in an accident. How is any individual car's odds of something bad happening been increased by there being more of them on the road? Doesn't each individual lottery ticket have the same odds of winning regardless of how many of them you have? It seems to me the larger number of 335's should make replacement parts cheaper and more available so the 335 should be cheaper to insure, at least from a parts perspective. Also while I've never compared prices myself I'd be willing to bet an M Hood or Headlight assembly costs more than similar parts on a 335. The one thing I know for sure is the Insurance Companies are Bandits.

Its not the amount of production on the road that causes the price increase. Its that in Insurance eyes, people with a 335 is more likely to get in to an accident then lets say a camry because of the nature of the cars(More hp = more likely to aggressively drive = more chance for accident). It could be that statistically, more 335 were involved in accidents than M3/4s causing the rates to go up.

I remember I was looking at a FRS and the insurance quote I got was higher than my 435 quote. It seems that there were a lot of reported FRS accidents.

[jd_perspective]

#statistics

for reals.

jealous of your rates though - I'm paying $680/6mo. for a 428 with a flawless record. my parents (also with flawless records) are paying $750/6mo on an 2015 Acura TL, $700/6mo on a 2009 Acura TSX and $500/6mo on a 2005 Dodge Ram!

[jmg]

Originally Posted by HotTea69

I remember I was looking at a FRS and the insurance quote I got was higher than my 435 quote. It seems that there were a lot of reported FRS accidents.

More younger owners doing what younger owners in a sporty cars tend to do?

[HotTea69]

Originally Posted by jmg

More younger owners doing what younger owners in a sporty cars tend to do?

Exactly what I'm saying. Same with a 335/435 compared to a M3/4 no?

It all just goes in to statistics. If your make/model has been statistically proven to have more accidents then the insurance rate for that area will increase for that specific make and model.

[GCinFLA]

Originally Posted by HotTea69

Could just be statistical reasons. More people buy 335 compared to m4, more chances for 335 to get into an accident

You have left out several stats in your conclusion.

First, need to compare Liabilty and the comp and collision.

Second, the rate per 100,000 accidents that Insurance Companies look at go further and look at the % of the universe (total cars) make up that model.

In other words, if a 335 has .1% of the universe, but is involved in .3% of the accidents, there is an issue.

Using your analogy, Ferraris, McLarens, Rolls and Bentleys would cost pennies to insure, while Hondas, Toyotas, Kias etc would cost $5000 a year.

[HotTea69]

Originally Posted by GCinFLA

You have left out several stats in your conclusion.

First, need to compare Liabilty and the comp and collision.

Second, the rate per 100,000 accidents that Insurance Companies look at go further and look at the % of the universe (total cars) make up that model.

In other words, if a 335 has .1% of the universe, but is involved in .3% of the accidents, there is an issue.

Using your analogy, Ferraris, McLarens, Rolls and Bentleys would cost pennies to insure, while Hondas, Toyotas, Kias etc would cost $5000 a year.

To be fair I did elaborate in the post right above yours.

[Beek]

Originally Posted by Thompson

The lottery is unbiased, completely random. Human behavior is a much more complex algorithm. If you assume that people are fallible, then increasing a car's population would affect outcome. You're more likely to get robbed in a town with a million people than a town with just 5.

Unless those five happen to be robbers.