1992 BMW 3 Series Insurance Rates

Trying to find better insurance rates? Buyers have lots of choices when searching for low-cost BMW 3 Series insurance. They can either waste time calling around to compare prices or save time using the internet to find the lowest rates. There is a right way and a wrong way to find insurance online so we’re going to tell you the proper way to get price quotes for your BMW and locate the best price possible.

You need to quote other rates occasionally since insurance rates change quite often. Just because you had the lowest rate for 3 Series insurance six months ago you can probably find a better price now. You can find a lot of misleading information regarding insurance online but in a few minutes you can learn the easiest ways to lower your insurance bill.

Are you receiving every discount?

Some insurance providers don’t necessarily list every discount they offer in an easy-to-find place, so we break down a few of the more common as well as some of the hidden discounts you could be receiving when you buy insurance coverage online. If you check and find you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Discount for Low Mileage – Keeping the miles down on your BMW could earn lower prices due to less chance of an accident.
  • Auto/Home Discount – If you can bundle your auto and home insurance with one company you could save as much as 10 to 15 percent.
  • No Charge for an Accident – This one isn’t a discount, but a handful of insurance companies allow you one accident before raising your premiums if you have no claims before the accident.
  • Discount for Good Grades – This discount can save 20 to 25%. The discount lasts well after school through age 25.
  • Military Discounts – Being on active duty in the military could trigger a small discount.

You should keep in mind that some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, nobody gets a free ride.

Companies who might offer some of the above discounts include:

Before buying, ask each company or agent to give you their best rates. Some of the earlier mentioned discounts may not be available everywhere. For a list of insurance companies that offer many of these discounts, follow this link.

When in doubt talk to an agent

When choosing proper insurance coverage for your personal vehicles, there really is no best way to insure your cars. Every situation is different.

For example, these questions can help discover whether you might need professional guidance.

  • When should I buy a commercial auto policy?
  • Do I have coverage if my license is suspended?
  • Does car insurance cover theft of personal property?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is a blown tire covered by insurance?
  • Is extra glass coverage worth it?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.

Advertising and insurance coverage

Drivers can’t avoid all the ads that promise big savings for switching by companies like Progressive, Allstate and Geico. All the companies make an identical promise about savings just by moving your policy.

Is it even possible that every company can offer you a better deal? This is the way they can do it.

Insurance providers have a preferred profile for the type of insured that will generate a profit. An example of a preferred risk could be over the age of 50, has a clear driving record, and drives less than 10,000 miles a year. Anybody who fits that profile will qualify for the lowest prices and is almost guaranteed to save when they switch companies.

Potential customers who are not a match for the ideal profile will be quoted a higher premium which results in business going elsewhere. Company advertisements say “customers who switch” but not “all drivers who get quotes” save that much. That’s why companies can make claims that they all have the best premium rates. This really illustrates why you really should get as many free insurance coverage quotes as possible. It is just not possible to predict which insurance companies will give you the biggest savings.

Insurance coverage breakdown

Learning about specific coverages of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as damage to your BMW 3 Series.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive or Other Than Collision

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, fire damage and hitting a bird. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for dental work, hospital visits, pain medications, rehabilitation expenses and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Auto collision coverage

This pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, sideswiping another vehicle, crashing into a building, colliding with a tree and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Auto liability

This provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like bail bonds, pain and suffering and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Do the work, save more money

We just showed you quite a bit of information on how to shop for 1992 BMW 3 Series insurance online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding inexpensive insurance coverage. You may be surprised to find that the best price on insurance is with a small local company.

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are a lot of situations where drivers have reduced uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. Your goal is to buy enough coverage for the lowest price but still have enough coverage for asset protection.

Some insurance providers may not offer the ability to get a quote online and most of the time these small insurance companies provide coverage only through independent agents. Budget-friendly insurance can be sourced both online and also from your neighborhood agents, and you need to price shop both in order to have the best price selection to choose from.

Additional information can be found on the following sites: