340i London Insurance Prices?!

Discussion in 'Insurance' started by mrgcc, Jan 5, 2021.

  1. 5 Jan 2021 at 4:02 AM #1
    mrgcc

    mrgcc A mere Chipper

    Joined:
    Mar 21, 2020
    Messages:
    5
    Likes Received:
    1
    Trophy Points:
    3
    What're you driving?:
    2012 BMW F20
    I’m looking around to buy a 340i as I turned 24 recently and the insurance prices are astronomical!

    I live in London, e16 postcode and was driving a 125d until now with mods, declared and all, 300hp - £1100 a year but due to ULEZ i have to get rid of it and thought hey, I’ll upgrade. So a 340i is a very nice upgrade imo.

    comparison website, first 4 quotes north of £3000 a year ?!

    I have 4 years ncb and no incidents, my car gets locked up during the day and night in a private garage, driving around 10k a year.

    Can anyone recommend some companies to call ?
     
  2. 6 Jan 2021 at 4:18 PM #2
    RS4SMG

    RS4SMG A mere Chipper

    Joined:
    Sep 19, 2018
    Messages:
    48
    Likes Received:
    10
    Trophy Points:
    8
    What're you driving?:
    E30 M3,E46M3 & E34 M5
    Without wishing to piss on your bonfire, they're just expensive to insure as they're fast and highly desirable to thieves ( As I can vouch for as two scrotes arrived at my door looking to take mine ) I am an old man in comparison to you, with a clean license and non city postcode, and its still stupid money to insure. Maybe try one of the specialist performance car brokers as opposed to the comparison sites.
     
  3. 6 Jan 2021 at 7:50 PM #3
    DAN@ADRIAN

    [email protected] Sponsor

    Joined:
    Dec 12, 2009
    Messages:
    331
    Likes Received:
    23
    Trophy Points:
    18
    What're you driving?:
    m3
    Hi.
    Please feel free to give us a try for insurance if you haven't done so already.
    Regards,
    Dan.
     
  4. 6 Jan 2021 at 8:41 PM #4
    DJ Syxx

    DJ Syxx Flexing a golden cincture

    Joined:
    Aug 8, 2010
    Messages:
    7,478
    Likes Received:
    486
    Trophy Points:
    83
    Location:
    London
    What're you driving?:
    E46 M3
    Colour Combo:
    Stahl Grau & Cinnamon
    Sorry to put it blunt but you will never pay cheap insurance in London. For a start its a ****hole and with a E16 postcode which is East London that is worse still. To nick a phrase from the incumbent mayor, its part and parcel of living in London.
     
  5. 6 Jan 2021 at 9:03 PM #5
    stuartk

    stuartk Flexing a golden cincture

    Joined:
    Mar 31, 2013
    Messages:
    23,614
    Likes Received:
    4,735
    Trophy Points:
    113
    Location:
    Midlands
    What're you driving?:
    F82 M4
    Colour Combo:
    Mineral Grey/Amaro Brown Full Leather
    London.

    That’s the answer.
     
  6. 6 Jan 2021 at 9:24 PM #6
    Mumen Rider

    Mumen Rider A mere Chipper

    Joined:
    Dec 10, 2020
    Messages:
    46
    Likes Received:
    5
    Trophy Points:
    8
    What're you driving?:
    C280 Mercedes Benz
    Not the same car but I had to pay £1700 to insure my e90 m3 and I'm 25. I live in West London which is cheaper to insure than East London. My cheapest quote came from calling Hastings (my current insurer at the time) who were £500 less than what I was getting the comparison websites. Maybe try calling your current insurer and see if they can offer you a deal.
     
  7. 14 Jan 2021 at 7:23 PM #7
    Raif

    Raif Underwear thermally upgraded

    Joined:
    Mar 20, 2017
    Messages:
    2,866
    Likes Received:
    1,080
    Trophy Points:
    113
    Location:
    Norf London
    What're you driving?:
    V8
    You're going to need a few more years NCB bonus. I live in a high crime north London postcode but was paying under 800 quid for my E92 m3 when I was 30. This was down to having 7 years no claims and using a "performance car" specialist broker.

    My NCB is touching 12 years now and I'm paying 380 pound...

    The broker recently told me that German diesel automatics are the highest to insure because the statistics that make the algorithms shown that they are the most crashed (or involved in the highest cost claims). German auto petrols are probably the next one down so believe it not my manual M3 is cheaper to insure than a 535d (according to what he said).

    Might be better off buying something else and building your no claims up.
     

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice