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E46 M3 (2001-2006) Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006.


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Old Thu, Feb-23-2017, 06:01:27 PM   #61
simon_c
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

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Originally Posted by delvin View Post
I have Grundy for my ford and it allows drives to work and errands. It's half the price of Hagerty.
I spoke to a Grundy rep and they stated specifically that you could not use your car for errands or to go to work. It can't be used as a substitute for your daily.
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Old Thu, Feb-23-2017, 06:37:19 PM   #62
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

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Originally Posted by simon_c View Post
I spoke to a Grundy rep and they stated specifically that you could not use your car for errands or to go to work. It can't be used as a substitute for your daily.
Like they know that? c'mon. Keep the miles down, Fridays to work etc. Not a big deal. I guess maybe if you live in a city with lots of rush hour traffic and driving it to work increases risk significantly...maybe. But there's no way they can prove you were driving it to "work". May as well say you don't have coverage Monday-Friday.
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Old Thu, Feb-23-2017, 06:46:13 PM   #63
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Default Re: Just added my E46 M3 to my existing classic car insurance polic

Grundy won't cover me because I'm under 25. Their loss.

Hagerty race car coverage is $213/yr for $30k with $0 deductible. Street coverage is $2,300/yr for $30k agreed value, 100/300, $1,000 deductible.

I'll probably buy another DD (E36 M3) and tow the E46 to the track. Maybe at least give it a try to see what it's like.
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Old Thu, Feb-23-2017, 06:48:19 PM   #64
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

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Like they know that? c'mon. Keep the miles down, Fridays to work etc. Not a big deal. I guess maybe if you live in a city with lots of rush hour traffic and driving it to work increases risk significantly...maybe. But there's no way they can prove you were driving it to "work". May as well say you don't have coverage Monday-Friday.
I agree that they probably won't know but what happens if your car is hit or something happens to it in the company parking lot? I'm sure you could find imaginative ways to explain that but good luck.

There's always ways to circumvent the rules but I'm just saying for those that would rather abide by them and play it safe this the info I was given.
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Last edited by simon_c; Thu, Feb-23-2017 at 07:58:09 PM.
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Old Fri, Feb-24-2017, 06:23:38 PM   #65
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

Spoke too soon.

Last edited by dougpiston; Fri, Feb-24-2017 at 06:44:59 PM.
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Old Mon, Mar-20-2017, 06:59:13 PM   #66
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

what is the catch with grundy and hagerty? do they require appraisal? do they come inspect your car? do they require receipts and proof of modifications or whatever else they deem necessary to justify why you think your car is worth what you claim it is worth before they cover you or cut you a check after a claim?? it kinda seems too good to be true

Progressive and geico quoted me $2600/a year for regular insurance for my 05 M3 and 01 maxima... 25/50/25 coverage

With hagerty and Grundy, I got a quote for 100/300/100 coverage and claimed my M3 is worth 50 grand and my nissan 5 grand and hagerty quoted me 2 grand a year while grundy quoted me 1 grand a year. I don't understand how it can be so low, especially with grundy. that is less than what I would pay for just my M3 with geico with 25/50/25 coverage


i know everyone will say these quotes are still outrageous but keep in mind i live in Detroit where car insurance is the highest in the country.
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Old Mon, Mar-20-2017, 07:40:38 PM   #67
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

The catch is hagerty has a limit on the number of miles you can drive per year (I think grundy does not) and there is a requirement that you have another car that is a daily driver. Don't believe that you can insure your daily with them either. You also must keep your car in a private garage as well.

I haven't heard of anybody actually getting an appraisal done so not sure about that.
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Old Thu, Mar-23-2017, 02:32:00 PM   #68
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

Just spoke to Grundy. They will not give an agreed to value policy on the M3, even if I call the M5 the daily driver. Cars always garaged, miles driven low. I actually spoke to a human, didn't do it via the site.

Can anyone who actually has a policy with them chime in?
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Old Thu, Mar-23-2017, 03:44:04 PM   #69
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

I have it on my M3 with Grundy's 30k Agreed Value and my 330xi is my daily with allstate
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Old Thu, Mar-23-2017, 03:46:53 PM   #70
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Default Re: Just added my E46 M3 to my existing classic car insurance policy

I recently moved my M3 over to Grundy as well and they didn't give me any hassle but my daily driver is insured through liberty mutual
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Discussing Just added my E46 M3 to my existing classic car insurance policy in the E46 M3 (2001-2006) Forum - Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006. at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)