I thought at 23 your insurance goes down?

[porshe]

I'm getting sick of getting raped, 23 two cars insured:

1995 540I
1991 318I

No collision, lowest possible insurance. $370/per month.

[AP2FTW]

wont get any lower til you're 30 brah

[porshe]

Originally Posted by AP2FTW

wont get any lower til you're 30 brah

So I take it it's impossible for someone to own a new car that is fully insured until they are 30? If I'm paying $300 for two old cars with no collisions I'm probably going to pay $1000ish for a new car + financing/lease $1500/month?

I'm pulling like $98,000/year with cheap rent and can't afford $1500/month on a car.

So what the hell? Are all kids with new cars making $150,000+/year?

[frontin540i]

i have a 99 540i and 94 325is, i pay $150/month, liability coverage. I just turned 25.

[AP2FTW]

Originally Posted by porshe

So I take it it's impossible for someone to own a new car that is fully insured until they are 30? If I'm paying $300 for two old cars with no collisions I'm probably going to pay $1000ish for a new car + financing/lease $1500/month?

I'm pulling like $98,000/year with cheap rent and can't afford $1500/month on a car.

So what the hell? Are all kids with new cars making $150,000+/year?

i dont know. what is your driving record like? tickets? accidents? claims?

i always heard that it went down at 25, but when i hit 25 despite having a clean record, i didnt see any decrease in price. when i said hey i thought at 25 it went down, they told me it really doesnt drop until 30

[damion19]

Damn!!! it's 25 in GA, and with my dad and I on the insurance it is only $251 a month with my 98 328is and his 08 s550. I also have two speeding tickets for reckless driving.

[95325i]

My insurance went down when I was 25. It also depends on your driving record and your location. I am paying 250 a month to insure 3 cars with full coverage and 2 drivers. My insurance "went down" because I got married. I added my wife and her car and it went up from 180 a month with my two cars and myself as the driver to 250 a month.

[Chief Rocka]

Originally Posted by AP2FTW

wont get any lower til you're 30 brah

x2... Holla!

[porshe]

Originally Posted by frontin540i

i have a 99 540i and 94 325is, i pay $150/month, liability coverage. I just turned 25.

Who you got?

[AP2FTW]

Originally Posted by Chief Rocka

x2... Holla!

lol slow down there pal im still 29 til dec

[Snertz]

$170/month with comprehensive coverage on my 09 135i, insured through progressive, I'm 24.

What's your driving record look like? Mine's shitty but still got the decent rate.

[porshe]

Originally Posted by Snertz

$170/month with comprehensive coverage on my 09 135i, insured through progressive, I'm 24.

What's your driving record look like? Mine's shitty but still got the decent rate.

Bull... under your moms/pops?

[frontin540i]

Originally Posted by porshe

Who you got?

Allstate,Geico was raping me, like $232/month for just the 5 series. Went to allstate and it was like $90/month. Then i got the e36 and it went up to $150.

[Le Nitro]

Goes down alot once you turn 25...I pay 110/month for just liability on my 99 323is. I just turned 21

[marshallpre1]

I have a Supra TT and a SRT4, both full comprehensive, glass, high limits, and $500 deductible for $150 a month. I own both cars, live on my own, etc (not under my parent's insurance). I'm 24.

Last year when I was 23 with the Supra and the Corolla (just liability), my insurance was ~$90 a month lol

[porshe]

Originally Posted by marshallpre1

I have a Supra TT and a SRT4, both full comprehensive, glass, high limits, and $500 deductible for $150 a month. I own both cars, live on my own, etc (not under my parent's insurance). I'm 24.

Last year when I was 23 with the Supra and the Corolla (just liability), my insurance was ~$90 a month lol

What company

[AE M20]

lol I pay $270/month for liability on my 88 325is on my parents insurance! But I've also totalled 2 cars and have had up to 5 points(only 1 now ) on my license at one time, and I'm 21. So I guess considering all the factors, I have a pretty good rate

But as far as your question goes, I'm pretty sure it's 25.

[rem83]

Let's see, I'm 26 but signed up for my Hagerty policy on my 323i when I was still 25 - it's about $300 / year with $0 comp / collision, and liability / uninsured is 100/300/100. Of course, that's not exactly comparable, since it's a collector car, limited use policy.

My '88 E24 is insured under Progressive as a regular use vehicle, liability / uninsured motorist only (100/300/100), and my premium is 132 / 6 months or $22 / month. Progressive has a pretty significant discount for paying in full as opposed to monthly, as well as a decent discount for multiple vehicle policies. Of course, I also have a 0 claim history as well as a flawless driving record. I have NOT seen any reduction in rates from when I moved to Houston when I was 23.

[marshallpre1]

Originally Posted by porshe

What company

Geico. Since I'm not 26, I don't qualify for collector car insurance yet.. WTF

[bmxcm]

all these quotes and only ONE person put their company, wtf mate...

edit: k a couple more since my last refresh

[porshe]

Originally Posted by marshallpre1

Geico. Since I'm not 26, I don't qualify for collector car insurance yet.. WTF

Did Geico, came out to $400. It was I shit you not $700/per month for just 540I a year ago.

Going to call All State in a few.

[mlee4984]

Hey Aleksey,

Give me a call when you get a chance.

-Mike

[mtg729]

NYC has some of the highest rates in the country. IIRc 25 is the lower my rates age.

With that being said. I pay approx $200 a month for full coverage. NJM ftw.

[xtremsiege2]

Originally Posted by mtg729

NYC has some of the highest rates in the country. IIRc 25 is the lower my rates age.

With that being said. I pay approx $200 a month for full coverage. NJM ftw.

It's your location porsche. I don't know if you mentioned, but do you have any tickets or accidents? Your is certainly high, maybe try making your home address at a family members out of the city and see how that goes. Not too honest, but not far fetched.

You make 98k a year? Go buy something newer in my opinion and just have a car payment and insurance. No left field maintenance repairs.

[porshe]

Originally Posted by xtremsiege2

It's your location porsche. I don't know if you mentioned, but do you have any tickets or accidents? Your is certainly high, maybe try making your home address at a family members out of the city and see how that goes. Not too honest, but not far fetched.

You make 98k a year? Go buy something newer in my opinion and just have a car payment and insurance. No left field maintenance repairs.

Just talked to mlee4984, it looks like I have two ran stop signs and an accident on my record. So it kind of makes sense even tho one stop sign thing was bullshit and accident was not my fault (side swiped by I shit you not a Maserati making a turn at about 60mph in 30mph street).

I would get a new car but I do not like to be in debt, saving up first