Insurance rates? Got a surprise today
Member
Joined: Aug 2005
Posts: 117
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2005 E55 Black
I pay $231 for 6 months full coverage on the E55 or $462 for the year. However I put the car in storage for 4 months during the winter so it drops to about $60 for that period. My total annual policy is $1480 with a Lexus, Acura MDX, E55, a trailer and 2 recreational vehicles. All full coverage with $500 deductible on the autos. USAA, no tickets or accidents in over 10 years. And there is a rebate each year depending on how the financial year went for USAA. Usually a couple hundred dollars gets put into a subscriber savings account. I have over $3000 in that fund.
Thread Starter
Member
Joined: Nov 2006
Posts: 90
Likes: 0
From: San Diego, CA
'04 E55; '03 E500 Sport
So I was a bit succesful in getting Progressive to reduce the rate, but it appears that $1,520 is the best they will do. Unfortunately my wife renewed the policy on 9/4, so I'll re-open my search process again in February, when the current policy expires. This is for three cars (Excursion, Mazda 6, E55), with the e55 and truck at low mileage (6K/yr) and the Mazda 6 at 12 K/yr., $500 deductible and 50/100/500 liability. No claims, clean driving record (all tickets gone) for my wife and I.
Just sold the E500 and Turbo, surprisingly small reduction on total policy cost as the Turbo was very low annual mileage (3k/yr) and the E500 only 10K/yr.
Thanks everyone for all the info, it helped a bunch -
Barry
Just sold the E500 and Turbo, surprisingly small reduction on total policy cost as the Turbo was very low annual mileage (3k/yr) and the E500 only 10K/yr.
Thanks everyone for all the info, it helped a bunch -
Barry
Senior Member
Joined: Jan 2008
Posts: 311
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04 - 06 e55 Wagon - looking for
FYI, I just called AAA for a quote on adding an e55 to our policy today. I am about 2 miles from you.
15/30/25K property/500 deductible
$948/yr 5K - 7.5k miles
$1026/yr 7.5k - 10k miles
$1095/yr 10k - 15k miles
$1328/yr 7.5K miles max at 15/30/1 Million property /500 deductible
I wrote these numbers down pretty quick. I'll PM you when the quote comes in the mail.
I have a few tickets on my record, been with AAA for 8 years. Those numbers will drop due to multi car discount and also if they can write insurance on my house (though I don't think they can come close to what I am paying now for home insurance).
15/30/25K property/500 deductible
$948/yr 5K - 7.5k miles
$1026/yr 7.5k - 10k miles
$1095/yr 10k - 15k miles
$1328/yr 7.5K miles max at 15/30/1 Million property /500 deductible
I wrote these numbers down pretty quick. I'll PM you when the quote comes in the mail.
I have a few tickets on my record, been with AAA for 8 years. Those numbers will drop due to multi car discount and also if they can write insurance on my house (though I don't think they can come close to what I am paying now for home insurance).
Thread Starter
Member
Joined: Nov 2006
Posts: 90
Likes: 0
From: San Diego, CA
'04 E55; '03 E500 Sport
FWIW, I tried AAA in the past but they would not cover the Turbo or my Cobra as a new customer. Turbo's now gone and the Cobra is with a specialty/classics insurer (for only $420/yr).
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Thread Starter
Member
Joined: Nov 2006
Posts: 90
Likes: 0
From: San Diego, CA
'04 E55; '03 E500 Sport
I still drive like (to quote a friend) "Mario on speed" (but not sure if he meant the Super Mario or Andretti variety) but have learned to have better situational awareness (i.e. don't blast past clumps of traffic, watch out for the "onramp swoop", etc.) and I use every electronic aid available.
In my younger days I twice had my license suspended, including spending a night in the Apple Valley jail (don't try to outrun a cop when you're driving an old Italian beater!
), and paid the price in higher insurance and lower credit rating as a result. Leason learned...just took 15 years or so. 
Last edited by dbarrym; Oct 7, 2008 at 08:17 PM.
MBWorld Fanatic!
Joined: Mar 2008
Posts: 3,632
Likes: 150
C63s Cabriolet, BMW M4, Civic
Curious what everyone is paying for E55 insurance...my carrier (Progressive) just increased my premiums by $230/mo for the E55. That is almost twice what my Porsche 930 premium is, and more than twice the my E500's rate. The E500 I can understand, but the Turbo is classed as an exotic and (I would assume) has a similar replacement cost and risk. 
No tickets (wife has 2, both speeding
), and we have 4 cars insured, no claims in the last 7 years.... So Cal area, only 12K annual mileage on the E55...seems like time to start looking for quotes from other carriers!
No tickets (wife has 2, both speeding
), and we have 4 cars insured, no claims in the last 7 years.... So Cal area, only 12K annual mileage on the E55...seems like time to start looking for quotes from other carriers!Try Wawanesa insurance. They don't have the middle man and that's why it cheap. Their headquarter is in San Diego on Friar Rd.
MBWorld Fanatic!
Joined: Jul 2005
Posts: 2,319
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From: OC
AMG E55, Stage 1, Strait Pipe from Primary Cats
$2700 for the Beast (no tickets/accidents, $2M TPL, $1000 ded)
$1925 for the bike (no tickets/accidents, $1M TPL, $500 ded)
$2100 for the Subaru Forester (no tickets/accidents, $2M TPL, $1000 ded)
You guys have it good down there! I'm in the insurance biz and this is the best we've got. Well, not the best, but my insurer doesn't know about my traffic violations. I haven't tried to move it (and I know I could get less, but not much) cuz they'd pull a drivers abstract and they wouldn't touch it. Better to let sleeping dogs lie!
$1925 for the bike (no tickets/accidents, $1M TPL, $500 ded)
$2100 for the Subaru Forester (no tickets/accidents, $2M TPL, $1000 ded)
You guys have it good down there! I'm in the insurance biz and this is the best we've got. Well, not the best, but my insurer doesn't know about my traffic violations. I haven't tried to move it (and I know I could get less, but not much) cuz they'd pull a drivers abstract and they wouldn't touch it. Better to let sleeping dogs lie!
http://www.wawanesageneral.com/
MBWorld Fanatic!
Joined: Mar 2008
Posts: 3,632
Likes: 150
C63s Cabriolet, BMW M4, Civic
Best ins.co on earth....
http://www.wawanesageneral.com/
http://www.wawanesageneral.com/
Yup.....we've been with them for 8 yrs. now. Allstates insurance want to charges me $2000 more for the same plans with Wawanesa.
. Too bad they don't sell fire insurance in some area. I would save alot more when combine cars and home insurance. Btw, Wawanesa offered to re-paint and windshield replaced on my Clk 430 and Slk due to rocks chips. They also replaced 2 AMG wheels due to pothole damaged and all I have to paid were the deductible on 3 differences claims. All 3 claims were never counted agaisnt me. The claimed on the Clk totals to about $7000, slk about $4500 and the 2 AMG wheels about $1100.
Super Member
Joined: Aug 2009
Posts: 697
Likes: 1
From: Tar Heel State
His wife crazy
Man, you guys are getting raped!! NC, Geico, $716 a year. That's with a 5 year good driving history and 2 comp. claims due to animal encounters, one of those over 9k on my '08 STI vs. 8 point buck.
OOPS!! Make that $717.00 a year. And that is for full coverage, 100,000/300,000 with a $500 on collision and $250 on comp deductible
OOPS!! Make that $717.00 a year. And that is for full coverage, 100,000/300,000 with a $500 on collision and $250 on comp deductible
Last edited by X2Board; Dec 11, 2009 at 07:54 PM. Reason: Correction.
Junior Member
Joined: Oct 2009
Posts: 74
Likes: 0
2003 E55
These rates = nuts!
507.00 E55
389.00 Hummer
104.00 95 Ranger (winter beater and Home Depot runs)
100.00 deductible across the board with no deductible on anything glass related.
30 years old, wife and I have no tix or accidents to speak of!
507.00 E55
389.00 Hummer
104.00 95 Ranger (winter beater and Home Depot runs)
100.00 deductible across the board with no deductible on anything glass related.
30 years old, wife and I have no tix or accidents to speak of!
Super Member
Joined: Oct 2009
Posts: 923
Likes: 0
From: Jacksonville, Florida
2006 E55 AMG --old cars -- E39 M5, 2.7tt Audi S4, E36 M3 **Ducati 996, 748
well - where you are located makes a big difference --- San Diego is not the cheapest place for insurance because car thefts and the border being so close.
its not oklahoma
its not oklahoma
MBWorld Fanatic!
Joined: Feb 2009
Posts: 6,897
Likes: 85
From: Central WI (BFE)
SL55, ML500 & Acura TL
MBWorld Fanatic!
Joined: Feb 2009
Posts: 1,293
Likes: 3
From: So Cal
2018 E63S Wagon
I have similar rates to the ones posted.
Gotta pay to play in the land of So Cal sunshine. The lifestyle & weather make it worth EVERY penny compared to other parts of the country.
Gotta pay to play in the land of So Cal sunshine. The lifestyle & weather make it worth EVERY penny compared to other parts of the country.
