08-28-2018, 08:23 PM | #1 |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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American Modern insurance is awesome
I just called American Modern to find out how much it would cost to insure the E46 if I keep it as a backup car.
Total cost per YEAR: $124 Declared vehicle worth: $7,000 Miles allowed to drive per year: 3,000 Allowance for driving vehicle to work: 2x per week Full coverage (Collision and Comprehensive) Deductible: $250 (required due to low value of vehicle) Liability: 100k/300k I'm not sure how much of that is because it's a second vehicle with them (I also use them for the Cayman) but that's fantastic. The only gotcha is that they will only insure vehicles that are locked in garages. If I end up parking mine outside at night and it gets stolen, I might be out of luck. |
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