Insurance premiums in Canada

GregC said:

My Canadian buddies,
What kind of insurance costs for your M.
2003 M5
$1,733.00 per year
2,000,000 liability
$2,500.00 deductable
no claims/violations

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nice car! great pic

$3200 per year
3,000,000 liability
$500 deductable.
no violations/claims

GregC said:

WOW..

$3,200 for a 530i ? Are you over 25 ? I thought I was paying lots..

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Nope, thats for the M5.... i pay about $2400/yr for the 530i...

Sorry,
I missed the M5 in your sig.So being in B.C. that would include $ for license and registration ? Any idea of that value ?

Annual premium $2,300

Excess liability $5,000,000
Collision deductible $200
Comprehensive deductible $100
No at fault accidents

Terk said:

Hey Greg,

Insurance for the LeMans beasts are as follows;

M5 - $1,581.00 per year
X5 4.8is - $1,498.00 per year.
3,000,000 liability
$1500 deductable

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Nice vehicles Tony,
I also have a black MDX and it's $1,400 ish..Looks like insurance is cheaper in Ont. middle in Alta. and highest in B.C.

The lowest deductible I could get was $2,500.Some companies wouldn't touch the car...

GregC said:

Nice vehicles Tony,
I also have a black MDX and it's $1,400 ish..Looks like insurance is cheaper in Ont. middle in Alta. and highest in B.C.

The lowest deductible I could get was $2,500.Some companies wouldn't touch the car...

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For my 03 M5 I'm paying $1,200 per year with a whopping $5,000 deductable (even on glass and vandalism grrrrrrr )! I do not drive the M5 to work though.

Regards,

Greg

GregC said:

Nice vehicles Tony,
I also have a black MDX and it's $1,400 ish..Looks like insurance is cheaper in Ont. middle in Alta. and highest in B.C.

The lowest deductible I could get was $2,500.Some companies wouldn't touch the car...

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Greg,

I used to insure the M5 through my company's fleet policy but it skyrocketed over $3K so I moved it to the company that looks after my home and I seem to get some pretty decent renewals. I am quite expecting that when I renew next time the deductable will head north.

Last 03 5 said:

For my 03 M5 I'm paying $1,200 per year with a whopping $5,000 deductable (even on glass and vandalism grrrrrrr )!
Greg

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I suppose I'm lucky to be $200/$100 on my deductibles. I've been quoted twice as much as I'm paying now on my supplemental insurance - some companiers just don't want to insure M5's.

Hi Bart,
Do you add ? glass coverage above what is normally covered ? Like do you have windsheild coverage ? or std comprehensive. ( I know the lingo probably varies with ICBC)

BTW..are traffic violations honored between Alta and B.C. ?

2000 M5

$1,400/year $500 deductable

2001 M5

State Farm... $914/yr, 1K Ded., 2M cap, under 7.5K/yr mi.

Oh yea, + old fart deduction!

GregC said:

Hi Bart,
Do you add ? glass coverage above what is normally covered ? Like do you have windsheild coverage ? or std comprehensive. ( I know the lingo probably varies with ICBC) BTW..are traffic violations honored between Alta and B.C. ?

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Greg - Don't know about the latter - I hope Mr. Klein doesn't want to share anything with anybody though, so that we're not reciprocal. I think here glass is part of standard ICBC coverage w/o the need to go supplemental.