G80 M3C Xdrive insurance in Ontario?

mickliq · 09-06-2023, 10:29 AM

Hi, I'm moving from Quebec to Ontario shortly.

I have a '22 M3 Comp Xdrive that's leased. Will need to insure it. Did a quick quote with TD, it's around $2,100/yr which didn't seem insane (I mean it is...but in context maybe not).

Just wondering if others in Ontario could share what they're paying and who they're with?!

Kinleyg · 09-06-2023, 10:49 AM

I'm with TD and it's about that much. Depends if you have the full replacement cost and other optional solutions.

mickliq · 09-06-2023, 12:28 PM

Quote:

Originally Posted by mickliq

Hi, I'm moving from Quebec to Ontario shortly.

I have a '22 M3 Comp Xdrive that's leased. Will need to insure it. Did a quick quote with TD, it's around $2,100/yr which didn't seem insane (I mean it is...but in context maybe not).

Just wondering if others in Ontario could share what they're paying and who they're with?!

Quote:

Originally Posted by Kinleyg

I'm with TD and it's about that much. Depends if you have the full replacement cost and other optional solutions.

Thanks for quick response! Agreed, the coverage(s) do obviously have an impact but for example, I did a quote on the Personal and it was like $3,800 so just wondering if anyone is down around $1,500 with relatively low deductibles etc.?

forcefed · 09-06-2023, 04:04 PM

$5000 deductible $1950/year
$2500 deductible $2350/year
$1000 deductible $2600/year

Muserxu · 09-22-2023, 04:46 PM

Wait, TD is only $2100/year?

I talked to RBC and was told usually banks will not insure cars with 500+ hp. So I ended with AllState which is $300/month.

Which part of Ontario are you guys at?

Seanhfx · 09-23-2023, 06:51 AM

Quote:

Originally Posted by Muserxu

Wait, TD is only $2100/year?

I talked to RBC and was told usually banks will not insure cars with 500+ hp. So I ended with AllState which is $300/month.

Which part of Ontario are you guys at?

I'm not in Ontario, but insure with Allstate. I was required to have a 5000 deductible because it was > 100k, but I complained b/c of serious agent incompetence and got 2500. I know insurance is different in each province and based on location, but I can't complain about my premium being $794/year this year.

gc.g80brg · 09-23-2023, 10:26 AM

Quote:

Originally Posted by Seanhfx

I'm not in Ontario, but insure with Allstate. I was required to have a 5000 deductible because it was > 100k, but I complained b/c of serious agent incompetence and got 2500. I know insurance is different in each province and based on location, but I can't complain about my premium being $794/year this year.

5000$ deductible !! I have 1000$

forcefed · 09-23-2023, 12:02 PM

Quote:

Originally Posted by Seanhfx

I can't complain about my premium being $794/year this year.

Seanhfx · 09-23-2023, 03:46 PM

Quote:

Originally Posted by gc.g80brg

5000$ deductible !! I have 1000$

2500, I know it's high but I had no choice. What's your premium though?

edit: That much huh.

09-06-2023, 10:29 AM	#1
mickliq New Member 4 Rep 22 Posts Drives: G80 M3C Join Date: Apr 2021 Location: Toronto, CA iTrader: (0)	G80 M3C Xdrive insurance in Ontario? Hi, I'm moving from Quebec to Ontario shortly. I have a '22 M3 Comp Xdrive that's leased. Will need to insure it. Did a quick quote with TD, it's around $2,100/yr which didn't seem insane (I mean it is...but in context maybe not). Just wondering if others in Ontario could share what they're paying and who they're with?!
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09-06-2023, 10:49 AM	#2
Kinleyg Private 62 Rep 63 Posts Drives: 2022 M3 Competition Xdrive Join Date: Mar 2022 Location: Toronto and London iTrader: (0)	I'm with TD and it's about that much. Depends if you have the full replacement cost and other optional solutions.
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09-06-2023, 04:04 PM	#4
forcefed Lieutenant Colonel 2574 Rep 1,937 Posts Drives: . Join Date: Sep 2021 Location: Toronto iTrader: (0)	$5000 deductible $1950/year $2500 deductible $2350/year $1000 deductible $2600/year __________________ 2023 m3 xdrive For sale: M3/M4 Eibach pro kit springs, csl gloss black grill with acc, gloss black lip
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09-22-2023, 04:46 PM	#5
Muserxu Registered 0 Rep 1 Posts Drives: Bmw m3 Join Date: Sep 2023 Location: Toronto iTrader: (0)	Wait, TD is only $2100/year? I talked to RBC and was told usually banks will not insure cars with 500+ hp. So I ended with AllState which is $300/month. Which part of Ontario are you guys at?
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