Insurance on M3

[Shnee8]

I'm trying to find sensibly priced M3 insurance and all the quotes are coming in over £1,200. I'm 39 Married, got 9 years NCB and will be parking the car off street on a private drive.

Quotes for the Kia E-Niro are coming in around £600 which seems radically different. Any suggestions where I can get a more sensible quote ?

 

[Alistairuk]

Direct Line - came in at £300 for me (35 year old with 8 years no claims)... nearest alternative was Tesco at £1,200 with a £2000 excess - highest was £3000 with a £5000 excess with some random company I cant remember name of.

Should say this was for the M3 SR+

 

[Adopado]

No doubt it's a funny business ... so many factors but Churchill came out well for me (on a SR+). Quote was last August so things have changed so probably not directly comparable ... and I'm not in a city ... and old enough to be optimum before the increases that come with serious age! I still can't quite believe the price I got and not expecting to be offered similar at renewal but it was initially offered at £216 (July 2019) and "bumped up" to £230 when I had to renew the quote after the first one expired before I got the car!

 

[tsh2]

I pay about £600 without using any NCB, but that was from 6 months ago. It seems each insurer has a limit to the number of each model which affects how keen they are to estimate your overall risk.

 

[Ant M3]

I pay about £1100 with LV on a M3P, 41 years old with 3years NCB (wouldnt allow accumulated company cars NCB letters, only my last company ! Otherwise I’d have about 12years NCB )

 

[bhav]

I'm trying to find sensibly priced M3 insurance and all the quotes are coming in over £1,200. I'm 39 Married, got 9 years NCB and will be parking the car off street on a private drive.

Quotes for the Kia E-Niro are coming in around £600 which seems radically different. Any suggestions where I can get a more sensible quote ?

The risk profile of someone who buys a Kia E-Niro is almost certainly very different to someone buying a Tesla. That, and the price of a E-Niro is lower. So the insurance difference isn't that much of a surprise I think.

 

[Shnee8]

The risk profile of someone who buys a Kia E-Niro is almost certainly very different to someone buying a Tesla. That, and the price of a E-Niro is lower. So the insurance difference isn't that much of a surprise I think.

The price difference is minimal between the E-Niro and the base M3 (certainly less than 10%) whilst I can see some argument that the risk profile is different it's not different enough to cost that much more surely.

No doubt it's a funny business ... so many factors but Churchill came out well for me (on a SR+). Quote was last August so things have changed so probably not directly comparable ... and I'm not in a city ... and old enough to be optimum before the increases that come with serious age! I still can't quite believe the price I got and not expecting to be offered similar at renewal but it was initially offered at £216 (July 2019) and "bumped up" to £230 when I had to renew the quote after the first one expired before I got the car!

Great shout with Churchill they have come in under £600 which feels more appropriate.

 

[JupiterMan]

I've not insured mine yet, but things I noticed when I was researching this prior to my order:

- LV was coming out cheaper for me, and offered a cheaper price direct than through a comparison website
- adding my wife as a second driver (even though she will likely never drive the M3) strangely bought down the cost further

hope this helps.

 

[Jason71]

The price difference is minimal between the E-Niro and the base M3 (certainly less than 10%) whilst I can see some argument that the risk profile is different it's not different enough to cost that much more surely.



Great shout with Churchill they have come in under £600 which feels more appropriate.

I recently had quotes and Chruchill were the best on the price comparison site . but Direct line beat them by £50. I am pretty sure they are owned by the same people since the sites are identical but DL don't have to pay referrals so a cheaper. Have you tried the DL Tesla link
https://www.directline.com/tesla
some say you get better prices than on the main site but I am sceptical about that.

 

[AnthonyLR]

Direct Line was best for me

 

[Dilly]

Churchill came out best for us. Both cars and home and breakdown. M3 was approx £340 including legal cover, hire car etc. Nets down to about £285 F/C.

 

[bhav]

The price difference is minimal between the E-Niro and the base M3 (certainly less than 10%) whilst I can see some argument that the risk profile is different it's not different enough to cost that much more surely.



Great shout with Churchill they have come in under £600 which feels more appropriate.

Would be interested to know what was quoted with Churchill if you put in a Kia E-Niro... i really do think the average buyer of a Kia is quite different to a Tesla...

 

[john19951]

I got different quotes for Churchill depending on the search engine. £530 was the best. I have the max NCB but I get penalised as an oldie.

One tip for other oldies, if you currently have Saga and ask for a quote they won't. But that means you can cancel your existing Saga insurance and get a full refund of the unused days. Normally they would impose an admin charge - in my case it would have been £50.

 

[LK06]

Direct line best for our M3 SR+ at £490. Call them up before too and ask for Autopilot (even though it is standard) to be added as a modification. Knocked ~£30 off for me.

 

[SonOfMaw]

For me, Churchill was £200 cheaper than Directline for whatever reason.

 

[Devil]

I recently had quotes and Chruchill were the best on the price comparison site . but Direct line beat them by £50. I am pretty sure they are owned by the same people since the sites are identical but DL don't have to pay referrals so a cheaper. Have you tried the DL Tesla link
https://www.directline.com/tesla
some say you get better prices than on the main site but I am sceptical about that.

Before I got mine, I had a quote from the DL main website that was around £250 higher than I ended up paying using this link. I think they may be run by different departments with different pricing policies.

 

[JupiterMan]

Just sorted my insurance.

LV were cheapest back in January when I ordered @ £707, quite happy to see that 6 months later Churchill were offering £571 so have gone with them.

Direct Line (using above link) were coming in at £630

 

[Subevo]

My model S 75D 2017 Model was £350 with direct line. My model 3 performance cheapest was LV at £560 .54 max no claims.
Just out of interest Kia e Niro easily £280.

 

[Mr Miserable]

Try LV, Nova and Churchill/Direct Line.

 

[mrobins64495]

Churchill for me, £850 @30 with 12 NCB.