We are #2 in high cost to insure

[ManhattanBMW]

According to Insure.com, the M6 is the 2nd most expensive car to insure, and the 6-series line, and the Panamera line, are prominently featured in the top 20. And also interesting that there is no 911 or M5 in the top 20. Here is the link if you want to check how they arrived at this list -- http://www.insure.com/car-insurance/...cars-to-insure.

FYI -- I pay substantially less than $3000, and live in NYC.

Most expensive 2014 cars to insure

The Nissan GT-R Track Edition is the most expensive car to insure
1 Nissan GT-R Track Edition $ 3,169
2 BMW M6 $ 3,065
3 Mercedes-Benz CL550 4Matic AWD $ 3,019
4 Mercedes-Benz SLS AMG GT $ 2,986
5 Porsche Panamera Turbo S $ 2,970
6 Audi R8 5.2 Spyder Quattro $ 2,917
7 Mercedes-Benz G63 AMG $ 2,887
8 Audi A8 L 6.3 Quattro $ 2,869
9 Jaguar XKR Supercharged $ 2,854
10 Jaguar XK $ 2,610
11 Mercedes-Benz GL63 AMG $ 2,609
12 Porsche Panamera 4S $ 2,598
13 Audi S8 Quattro $ 2,598
14 Porsche Panamera S $ 2,597
15 Mercedes-Benz CLS550 4Matic AWD $ 2,582
16 BMW 650i $ 2,544
17 Mercedes-Benz C63 AMG $ 2,507
18 BMW 640ix $ 2,484
19 Audi R8 V10 Quattro $ 2,448
20 Mercedes-Benz GL550 4Matic AWD $ 2,438

[6spdterror]

Same here. I pay less than 3k also. Believe it or not my acura cost more to insure than my M5 for some reason i dont know and its less than half the price!

[RealStig]

I got a quote from Geico and my premium goes up by only $30 compared to the M3. 6 month premium is $1100.

[elitex]

I've gone from 1 car, a G37 to two BMW's and my insurance only went up $10 a month. currently I pay $1620 for the year. having my wife as a primary driver helped also. BTW, I am 32 and she's 31.

[stealth.pilot]

My premium is 518.60 per year (259.30 every 6 months). This is with a multi-car discount, and $1000 deductible, however my coverage limits are pretty high (e.g. $500k property damage).

Benefits of having a clean license with no points and no collision history.

[RealStig]

It depends a lot on where you live. I live around Manhattan and if I lived in suburbs, my 6 month would go down from 1100 to 650. I have no tickets, accidents, claims since I got my license almost 15 years ago.

[elitex]

Originally Posted by stealth.pilot

My premium is 518.60 per year (259.30 every 6 months). This is with a multi-car discount, and $1000 deductible, however my coverage limits are pretty high (e.g. $500k property damage).

Benefits of having a clean license with no points and no collision history.

Wow, this is a very good rate. My coverage is the same but my deductible is $500. I also have OEM coverage etc etc.

[RPiM5]

Wow, the M5 didn't even make the top 20. I pay cheap insurance also. USAA is awesome, they even give you discounts based on your rank in the military. I guess it's a good thing I didn't get that M6 then. Also surprising the Audi R8 4.2L V8 didn't make the top 20 either. Not enough horsepower I guess. Once, I ran an estimate for an Audi R8 4.2L and my insurance rate went down from the M5, lol!

[infamousq]

I have USAA also been with them my whole life and adding a M6 coupe to my insurance would make it only go up 14 dollars a month and I would still be under 2K a year. I guess it's agood thing that the last wreck I was in was back in 2010 and I was not at fault and a clean driving record.

[Tom C]

I would be curious to analyze the amount and use of more expensive materials like carbon fiber, magnesium and aluminum in the cars listed above as a common cause of the higher prices above (i.e. more expensive to repair). Maybe it helps the M5 that it is heavier (more steel) in this regard.

[kylek13]

That list is stupid, all you have to do is look at #3 and #4....

[RPiM5]

Originally Posted by kylek13

That list is stupid, all you have to do is look at #3 and #4....

Well they are both 2 door coupes. Coupes always have higher premiums than sedans. I'm guessing the Panny is #5 because the one they listed, Turbo S, is like a $200,000 car. There also must be some stigma associated with Merc 2 door coupes that drives up premiums. Also don't insurance companies base their rates off of actuarial data?

[Tom C]

Originally Posted by RPiM5

Well they are both 2 door coupes. Coupes always have higher premiums than sedans. I'm guessing the Panny is #5 because the one they listed, Turbo S, is like a $200,000 car. There also must be some stigma associated with Merc 2 door coupes that drives up premiums. Also don't insurance companies base their rates off of actuarial data?

Yup, that was driving my point. I had a CL65 coupe and they used magnesium in the structure to help support the "pillarless" design. The problem was that if there was any damage to the magnesium parts only a handful of shops were certified to do the repairs.

[kylek13]

So you are telling me you think a CL550 costs more to insure than a SLS AMG GT? You need to consider that the data on this list in wrong....

[Tom C]

Originally Posted by kylek13

So you are telling me you think a CL550 costs more to insure than a SLS AMG GT? You need to consider that the data on this list in wrong....

Think of it this way, insurance companies assess premiums based on experience (losses) with repairs. An SLS is usually a weekend car and not a daily driver. A CL550 is usually a daily driver, especially now with the standard 4matic. An SLS sitting in a garage 95% of the time is less likely to have an accident than a CL550 being driven 100% of the time.

[johntomferg]

FROM Article:

Averages are based on full coverage for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on personal factors.

Other statistical points:

They didn't declare that they normalized based on geographic location, how the car is stored (private garage, street...), credit rating (beyond "good/clean" which may be a different specific range by insurance company depending on how the categorize), etc . These could be important factor to consider also.

These prices would be based on what the quotable value from the insurance company is. It doesn't go on to qualify the way that the insurance company sets for that 'truth table' for the cars. Again, historical and projected knowledge would apply and not be uniformly applied.

For my part, from Traveler's, with me being 35 (instead of 40), I pay approx $481 every 6 mos to insure the M5 with very very similar coverage to what is called out.