Paging Logansteno/twinturbobmw

"AM3R shamefully returns " (am3rshamefullyreturns) 01/12/2016 at 19:31 • Filed to: Insurance

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Have a quick question about insurance for you guys. Is it stupidly expensive for a teenager with an E36 M3?

TractorPillow > AM3R shamefully returns 01/12/2016 at 19:40

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I'm not those two but...

Call your parents’ insurance and ask for a quote. Call around town and ask. You might get a low rate because of being on parents policy. All depends.

Aaron M - MasoFiST > AM3R shamefully returns 01/12/2016 at 19:48

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When I was a teenager with my Dad’s old 91 Celica, it cost $900 for a summer (3 months) to put me on my parents’ plan as a non-primary driver.

Translation: Yes.

twinturbobmw > AM3R shamefully returns 01/12/2016 at 19:52

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Since I’m 15 the insurance for my car is under my parents, however I do know of a few people around my age who have owned E36 M3s, and they say the prices aren’t nearly as bad as they expected, but it seems it does matter quite a bit on state and the insurance company you go through.

bob and john > AM3R shamefully returns 01/12/2016 at 19:52

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lets see...
teen + high end, high performance german car.

you tell me.

If only EssExTee could be so grossly incandescent > AM3R shamefully returns 01/12/2016 at 19:54

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Yes.

AM3R shamefully returns > TractorPillow 01/12/2016 at 19:57

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I'm not a teenager, I was just browsing CL and saw how cheap they were going for, and that they would be a sweet first ride.

AM3R shamefully returns > twinturbobmw 01/12/2016 at 19:59

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I figured it wouldn't be TOO bad. They aren't worth huge amounts and they are getting up there in age, I figured insurance would have gone down. They really are a great choice for a first car.

AM3R shamefully returns > bob and john 01/12/2016 at 20:00

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E36 M3's aren't very high end these days.

AM3R shamefully returns > Aaron M - MasoFiST 01/12/2016 at 20:01

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Jeeze

bob and john > AM3R shamefully returns 01/12/2016 at 20:06

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you REALLY think the insurance company is going to see that?
they see BMW, M3. and then the year which means part will be harder to come by and more expensive if needed to get fixed (this is in the insurance companies mind)

Matt Nichelson > twinturbobmw 01/12/2016 at 20:09

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Agreed. Policies vary from state to state. I didn’t realize how much so until I started working in claims.

AM3R shamefully returns > bob and john 01/12/2016 at 20:10

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They'll also see that the car is only worth maybe $5k and could easily be totaled.

TheHondaBro > bob and john 01/12/2016 at 20:12

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Not to mention more likely to break down due to old age.

Matt Nichelson > AM3R shamefully returns 01/12/2016 at 20:12

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True, but at the end of the day it’s still an M3 and carriers will see that. Wouldn’t be a bad idea to shop around and also see if there are any Indy agents in your area who deal in more than one insurance company.

bob and john > AM3R shamefully returns 01/12/2016 at 20:13

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yea, the dipshit behind the screen is just going to google M# price and see the cost of a new one.

the TLDR: yes, its going to be pricry then a corolla.

AM3R shamefully returns > bob and john 01/12/2016 at 20:16

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If I was 16 again and I had the choice to get an E36 M3 for $5k.. I'd be willing to get raped on insurance.

bob and john > AM3R shamefully returns 01/12/2016 at 20:25

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insurance...gas....repairs (because i can tell you your going to get all drifto and slide it ass-end into the curb), tires.

have fun

AM3R shamefully returns > bob and john 01/12/2016 at 20:27

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I paid my insurance as a teen, I never hooned unless I was 99% certain I was clear (empty snowy parking lots at midnight on a Wednesday) because I was so scared of getting a ticket. Many years later, I still haven't gotten a ticket lol.

Logansteno: Bought a VW? > AM3R shamefully returns 01/12/2016 at 20:27

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Mines like $100-something a month under my parent’s policy with me as the main driver. It's also minimum coverage mind you, but it only went up a little bit from the GMC.

AM3R shamefully returns > Logansteno: Bought a VW? 01/12/2016 at 20:28

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That's not bad at all, thanks.

GTRZILLAR32-Now saving for Godzilla and a condo > AM3R shamefully returns 01/12/2016 at 21:05

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I can’t imagine it being too expensive, shit I have an’02 M3 and a leased 2015 Chevy Cruze with a couple small accidents on my M3 and it only cost me around $300/mo.

mazda616 > AM3R shamefully returns 01/12/2016 at 21:07

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My insurance company considered my car a “sports car” when I was 17. The car in question:

What made it a “sports car”? The “GT” designation. So, I'd imagine if they considered this thing a sports car, they'd consider an M3 a damn rocket.

Jack Does Cars > twinturbobmw 01/12/2016 at 21:20

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Hold on homie, you’re 15? You take some impressive photos and you have an impressive vehicle. I’m 16, and I get my license in June, but my budget is like $4.20 so I’ll be stuck with a Volvo 850 or a Pontiac Sunfire.

But this is like the, “least worst,” photo I’ve taken.

And that was just taken on my Moto X.

gmporschenut also a fan of hondas > AM3R shamefully returns 01/12/2016 at 22:22

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going to say expensive. In HS i got to use my moms van yet paid about the same as my cousins 10 year old c class. the difference is he had the bare state minimum in coverage, and the max deductible.

Levitas > AM3R shamefully returns 01/12/2016 at 22:23

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5/6 years ago my brother (20 at the time) got a 95 M3, it was cheaper to insure than an 05 grand prix.