Date registered: Oct 2014
Vehicle: 1999 E320 wagon, purchased 10/'14 w 421k,lo miles engine,paid $1500,driving accross country, then??
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
Huge Difference In Cost Of Insurance E320 Vs BMW 325xi
I just bot and drove a '99 E320 wagon back from California, and when I called GEICO to remove the full coverage that I carry on my other DD's, the difference from my '03 BMW was huge. when I bot the 325 last year full coverage (6 months) was $176.90. The E320 was $705.50
By full coverage I mean a higher liability, full glass, roadside etc etc... When I mentioned the 5 fold difference to the clerk, she said the Bimmer may have gone up, so she re-quoted it at todays rate which is $299.40. I said sounds like almost double from last year. she blamed it on inflation.
I mentioned I had a small moving violation, but she said she hadn't taken my drivers record into consideration, and I just took a drivers ed re-fresher course.
As I type, she's doing a side by side comparison, and saying rates of accident claims in my 'hood went up I said enuff to more than double?
Even just leaving comprehensive on for winter storage, the BMW is $80.60 and the 4 year older Merc is $117.70.
Crazy huh? I kept asking telling the nice clerk the diff was way out of line, she said it's due to anti lock brakes, newer car being more exp to cover. I countered the Merc is 4 years OLDER! They're both similar cars etc... Or are they???