any reason why i can insure a group 17 vr6 for £400 FC with pretty much everyone, but a group 18 (iirc) e36 m3, no one will touch me with ?

im 22, full ncb, no crashes, claims, speeding fines etc, perfect record.

m3 being standard aswell!

 

I pay just under £300 fully comp on my modified mk2 VR6
When i had my escort cossie i was paying £200 per month

My personal opinion is it should have been the other way round, the VR6 is far more dangerous.
I loved my cossie so much i dare risk putting it in a ditch! and it never was more than 20 feet away from me or locked up in my workshop!

as much as i like BMW's, i nearly bought one 6 months back, amazing cars.

but sadly...

the answer to your question is simple....

 

Because they know that a typical M3 driver is a 'hero' that will use his 'ultimate driving machine' to prove his lack of talent behind the wheel

A bit like my first car which was a grandad spec rover, group 11 insurance, and was far cheaper to insure than a group 4 boy racer loved corsa!

 

but im not a hero and i cant afford tyres for RWD lunatics!

 

thats about the truth of it aswell, when the price of the e36 M3 dropped down to around 6k plenty of chavstons could afford to buy one, not used to driving a powerfull rwd car plenty trashed them, hence the insurance started going up!

 

Tell them that on the phone, maybe they will quote you happy then

Have you tried confused.com? takes 5-10mins typing the details in but once its done it will search like 100 different places and give the results in 1minute

 

Dont you then get loads of junk emails for the rest of your days ?

 

Nope. Even if you are worried about it create another hotmail email address and use that. I always use confused, always comes back with the cheapest quote!

 

Statistically speaking you're far more likely to bend your BMW than the Golf ( based on the data the insurance companies have about the number and nature of recorded car crashes ) and the repairs will be more expensive.

Basically it's a more of a risk for them to provide you with cover so the price goes up accordingly.

 

its all down to risk and claims history.

plenty of smashed up M3s out there, oushes the insurance prices up, they're one of the most difficult cars to insure unfortunately

and theyre not group 18, theyre 20+. some websites say 18/19 for non-evos, but it's bullshit.

 

have you tried Swiftcover? I'm a little older but they insured my M3 a few years back very cheaply!!

 

RWD

 

If insurance companies have had to payout on a few of a certain car the premiums rocket. I know when I got a quote on an M3 it was £905 and the quote on the Boxster I looked at was £640

 

Don't forget as well in the event of a claim "M" parts are markedly more expensive than regular car parts.

 

Group 19 listed for 3.0 litre.
Mine kept going up, as mentioned cheap now, so many donuts are having prangs where they can't handle power and rwd.
Supra TT was mega cheap to insure in comparison, due to not many being wrapped up (because there's not many to wrap up), go on total figure as opposed to factoring volume of car on the road I believe.

 

http://150db.net/files/wierdinsurance.JPG

that shows that a ferrari f40 is cheaper to insure than an m3.

isnt an f40 also rwd ?

 

Yes, strangely enough a rwd Ferrari!
I think I know what you're getting at, I've not seen many teenage muppets screaming about in F40's lately, have you?

 

Hi Twoblacklines,

As most of the guys on here have already identified, there is more to a vehicle than it's grouping from an Insurance perspective.

All vehicles are allotted a vehicle grouping following testing/analysis at the Thatcham research institute, who work in conjunction with the Association of British Insurers (ABI).

The ABI act by providing an industry standard listing that is initially adopted by most Insurers, who then refine the grouping, terms or acceptance of a vehicle based upon a combination of their historic experience and Undewriters ethos in relation to the vehicle.

You can find the ABI vehicle schedule suggested group listing for all rated and coded vehicles by clicking this link:

http://www.thatcham.org/abigrouprating/

This will give you the ABI listing when originally rated, but you have to bear in mind that it isnt the ABI that manage the risks, or pay the claims at the sharp end - so whilst the list will be a decent guide, it will vary from Insurer to Insurer and you can't simply source the lowest group you see for the vehicle upon the internet, then attempt to get all Insurers to adopt this.

The E36 M3 is a problem from a claims perspective and as Oranoco has correctly listed, we could cover a Boxster for less.

We can cover E30 and E46 model M3's, but our Underwriters had such a bad time on the E36 that we unfortunately cant offer competitive terms.

Kind regards

Tony

 

nah mate i think its fwd

 

I own a group 20 insurance e36 M3 Euro, and its expensive to insure. Reason being (Insurance company told me this) they are RWD with no driving aids and have been known to twitch a little if the go pedal was pushed a little too much.