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Old 03-09-2013, 09:08 PM   #1
sgtbeamer
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Join Date: Mar 2013
Location: Adelaide, Australia
Posts: 11
My Ride: 325i E46 '01
Best Insurance (SA)

Hey fanatics, I just recently purchased my first E46 (325i '01). I previously owned a E36 318is '94 but it was written off on Australia day. I'm currently shopping around for insurance again and I'm quite astounded about the pricing I'm getting for insurance for the E46, MORE THAN MY MODIFIED E36. Can any one recommend a good insurer? I'm 22-23 years old.

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Old 03-09-2013, 09:39 PM   #2
DesiredM
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Join Date: Sep 2012
Location: Australia
Posts: 519
My Ride: E46 M3
Quote:
Originally Posted by sgtbeamer View Post
Hey fanatics, I just recently purchased my first E46 (325i '01). I previously owned a E36 318is '94 but it was written off on Australia day. I'm currently shopping around for insurance again and I'm quite astounded about the pricing I'm getting for insurance for the E46, MORE THAN MY MODIFIED E36. Can any one recommend a good insurer? I'm 22-23 years old.

Cheers.
Just shop around and look for the best quote.

Remember the 325 has a larger engine, more power and is more expensive then your old e36. So unless your old 318 was turboed or supercharged then it will always be more expensive to insure. Rims, exhaust, suspension and mild performance mods don't really affect the price of insurance that much, so I would expect it to cost you more to insure a stock car that's 7 years newer then your old 318.

Last edited by DesiredM; 03-09-2013 at 09:40 PM.
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Old 03-09-2013, 10:40 PM   #3
DeclanM3
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Join Date: Aug 2008
Location: Sydney
Posts: 3,364
My Ride: 332Ci
Who was at fault when your E36 was written off...? A 22yr old with a write off claim is always going to attract a higher premium than one with no claims. Having said that, SA is pretty low risk (when compared to NSW & VIC) so you shouldn't be getting ridiculous prices. As Desired said just shop around, there is no 'best insurer', it comes down to your personal situation.
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Old 03-10-2013, 05:23 AM   #4
Goondaddy
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Join Date: Jan 2009
Location: Sydney, Australia
Posts: 2,132
My Ride: 2002 325ci
I was in a similar position to you. Wrote off a 318i when I was 23, bought the e46 325ci with the insurance payout (and then some). Yes, the quotes skyrocket when you factor in your driving history and the fact that you're upgrading to a quicker car with more cylinders.

Shop around. Having said that, I've had a positive experience with JustCars and AAMI.
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Old 03-10-2013, 07:19 AM   #5
sgtbeamer
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Join Date: Mar 2013
Location: Adelaide, Australia
Posts: 11
My Ride: 325i E46 '01
Quote:
Originally Posted by DeclanM3 View Post
Who was at fault when your E36 was written off...? A 22yr old with a write off claim is always going to attract a higher premium than one with no claims. Having said that, SA is pretty low risk (when compared to NSW & VIC) so you shouldn't be getting ridiculous prices. As Desired said just shop around, there is no 'best insurer', it comes down to your personal situation.
The guy that hit me was at fault, rear ended. I have been today. Get the car in a couple of days so I dont want to be driving it without insurance.

Quote:
Originally Posted by Goondaddy View Post
Shop around. Having said that, I've had a positive experience with JustCars and AAMI.
Aami works with a new system where they look at your exact position of your house and calculate your insurance from there. I was with them when I first bought my car and the next year my premiums went up $430 because I live next to an open field. Mind you the car was always garaged and I did not make a single claim. I always end up tossing between JustCars and RAA. Get cheaper rates with RAA because of all the policies the family has with them.

Last edited by sgtbeamer; 03-10-2013 at 07:20 AM.
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Old 03-10-2013, 07:42 AM   #6
DeclanM3
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Join Date: Aug 2008
Location: Sydney
Posts: 3,364
My Ride: 332Ci
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Originally Posted by sgtbeamer View Post
The guy that hit me was at fault, rear ended. I have been today. Get the car in a couple of days so I dont want to be driving it without insurance.
Shouldn't make much difference for you then. Some companies price regardless of fault but they are low risk insurers who aren't likely to cover young drivers in european cars anyway.

Best bet would be to quote online and take advantage of and price guarantees, young driver discounts for doing half day driving courses etc.

I got my insurance down to $600 on my 325 when I was 20 (different state so don't expect to get the same) by getting an online quote through AAMI, calling them to get them to apply my discount for completing their free defensive driving course then taking that price to NRMA who were guaranteeing to beat anyone by 10%. Worked a treat.
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