Insurance rates on 545I
04-26-2005, 01:57 PM
#1
Contributors
Thread Starter
Join Date: Feb 2005
Location: Colorado Springs, CO
Posts: 406
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2002 330CIC with Sports and Premium (Sold 4/2005)
2005 545I Black Saphire Metalic, with Black Dakota Leather, Poplar trim. Sport Package, MTech Body kit and Spoiler, HUD, Comfort Seats, Navigation, Premium sound, CWP, Heated Rear Seats, Window shades. Valentine 1 hardwired, Aux input.
I just called my insurance company to remove my 2002 330CI convertible, and added my 2005 545I. My premium went down. Does that sound right? I mean, I am not complaining, but I was expecting a large increase going from a V6 to a V8. I am pleasantly suprised. Has anyone experienced anything different? did they make a mistake?
04-26-2005, 02:01 PM
#2
Contributors
Join Date: Mar 2004
Location: New Orleans, LA USA
Posts: 4,672
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: E90 M3
Model Year: 2011
Not totally surprised. The insurance companies view the E60 more as a sedan (despite the power!) while the 3 series is more of a sports car. That view actually makes a big difference in rate schedules. The convertible was probably also more expensive to insure than a hard top.
04-26-2005, 03:02 PM
#3
Contributors
Join Date: Apr 2005
Location: Bay Area, CA
Posts: 599
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 545i Sport Auto (see sig)
Originally Posted by kscarrol' date='Apr 26 2005, 03:01 PM
Not totally surprised.? The insurance companies view the E60 more as a sedan (despite the power!) while the 3 series is more of a sports car.? That view actually makes a big difference in rate schedules.? The convertible was probably also more expensive to insure than a hard top.
[snapback]120436[/snapback]
04-26-2005, 04:08 PM
#4
Contributors
Join Date: Oct 2004
Location: Singapore
Posts: 2,926
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 530iA Silver Grey , black interior. Premium Package, Navigation System, Head-up Display, Radio Satellite, Adaptive Xenon Headlights. AC Schnitzer Front Lip, H&R springs, Rear red reflector, All season Floor mat,
I'm paying lesser amount than my buddy's 325ci (and we have the same yr experience of driving).. I guess the insurance sees a sedan to be a safer car to drive regardless of the engine. 
04-26-2005, 04:14 PM
#5
Contributors
Join Date: Jan 2005
Location: San Jose, California, USA
Posts: 4,119
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Porsche 911 Carrera S Convertible. Midnight Blue, 6 Speed.Retired - 2007 997 Carrera S, Midnight Blue, Grey leather, premium audioRetired - 2007 550i, Monaco Blue over Beige, Navigation, Logic 7, Cold Weather Pack, Comfort Access, Sport Package
Model Year: 2008
Originally Posted by soc_fans' date='Apr 26 2005, 05:08 PM
I'm paying lesser amount than my buddy's 325ci (and we have the same yr experience of driving).. I guess the insurance sees a sedan to be a safer car to drive regardless of the engine.?
[snapback]120510[/snapback]
04-26-2005, 07:05 PM
#6
Contributors
Thread Starter
Join Date: Feb 2005
Location: Colorado Springs, CO
Posts: 406
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2002 330CIC with Sports and Premium (Sold 4/2005)
2005 545I Black Saphire Metalic, with Black Dakota Leather, Poplar trim. Sport Package, MTech Body kit and Spoiler, HUD, Comfort Seats, Navigation, Premium sound, CWP, Heated Rear Seats, Window shades. Valentine 1 hardwired, Aux input.
Good to hear. I am very suprised.
04-26-2005, 07:16 PM
#7
Senior Members
Join Date: Mar 2005
Location: Hollywood, FL
Posts: 277
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: '06 550i 6 Speed MT, Navigation, PDC, Cold Weather Pkg, Logic7, Prem Pkg, Sport Pkg, Active Steering, Comfort Seats, Comfort Access, HUD, Alpine White on Black Dakota & a Big Grin ;-) <---- On the vessel from Germany...
********
'05 545i 6 Speed MT, Navigation, PDC, Cold Weather Pkg, Logic7, Prem Pkg, Sport Pkg, UUC EVOIII SSK, Silver Gray on Black Dakota..... (Buy back by BMW NA)
Apparently, maybe because of enhanced safety features, anti theft features etc. the Insurance rates for the 545 is VERY low..
I was surprised to see that I'm paying about 30% less on my new 545i than on my 04' GTI..
Way to go !
I was surprised to see that I'm paying about 30% less on my new 545i than on my 04' GTI..
Way to go !
04-26-2005, 07:26 PM
#8
Contributors
Join Date: Oct 2004
Location: Peachtree City Georgia
Posts: 1,578
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2004 e60 M5 Replica
Titanium Silver
Premium Package
Premium Sound Package
Adaptive Xenon's
Apple iPhone cell interactive pared with iDrive Bluetooth setting
19 inch BMW OEM 166M rims,
Michelin tires
Sprint Booster - V2
Fidelity / BMW Extended Warranty 7 year / 100,000 miles
Originally Posted by LuvE60' date='Apr 26 2005, 05:57 PM
I just called my insurance company to remove my 2002 330CI convertible, and added my 2005 545I.? My premium went down.? Does that sound right?? I mean, I am not complaining, but I was expecting a large increase going from a V6 to a V8.? I am pleasantly suprised.? Has anyone experienced anything different?? did they make a mistake?
[snapback]120432[/snapback]
==============
Great to hear and yes I am surprised, but there again, I am not, because I am told the e 60 five series did very well in clinical conducted crash test of 40 mph, and the all doors still open,and would not need the "Jaws of life" to cut the driver and passengers out if crashed at that speed, compared to others that would be more severally damaged, and would require more ALS emergency medical attention at that speed, that's like falling off a four story building, (ouch!!!).
Also I know insurance premiums are based on a persons driving record, maybe yours changed to a lesser $$$ premium because not only of your BMW 545i, but becasue of your a little older now, and I suppose with a excellent driving record?
Bottom line: Good for you on your car insurance savings$$$!!!
Later,
R. Eddie Presley
04-27-2005, 03:40 AM
#9
Senior Members
Join Date: Jun 2004
Location: USA
Posts: 9,135
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by soc_fans' date='Apr 26 2005, 02:08 PM
I'm paying lesser amount than my buddy's 325ci (and we have the same yr experience of driving).. I guess the insurance sees a sedan to be a safer car to drive regardless of the engine.?
[snapback]120510[/snapback]
