1992 BMW 8 Series Insurance Quotes

Have you had enough of scraping the payment together each month for car insurance? You are in the same boat as many other consumers.

Big companies like State Farm, Allstate, Geico and Progressive constantly blast consumers with advertising and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.

Consumers need to price shop coverage every six months because car insurance rates change quite often. Just because you found the best rate for 8 Series insurance a few years ago you may be paying too much now. Block out anything you think you know about car insurance because it’s time to teach you how to use the internet to find better rates and still maintain coverage.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these tips. Finding the best rates is not that difficult. But car owners do need to know the way companies sell online and apply this information to your search.

How to buy car insurance online

When comparison shopping, there are several ways to compare prices from lots of car insurance companies. The recommended way to find affordable 1992 BMW 8 Series insurance rates consists of shopping online. This is very easy and can be done by using one of the methods below.

  1. If you don’t have a lot of time, the easiest way to find low rates is an all-inclusive rate comparison (click to open form in new window). This method eliminates the need for separate quotation requests for each company. One form will get you price quotes direct from many companies.
  2. A more difficult way to find better pricing is to manually visit the website of each company and complete a new quote form. For sake of this example, we’ll pretend you need rates from Geico, Safeco and Farmers. To find out each rate you need to spend time on each company’s site and type in your information over and over, which can get rather old.

    For a list of companies in your area, click here.

Whichever way you use, double check that you are using nearly identical coverage information for each price quote. If your comparisons have different limits and deductibles on each one you will not be able to make a fair comparison for your BMW 8 Series. Just a small difference in insurance coverages or limits could skew the results. Keep in mind that comparing all the rates in your area provides better odds of finding the best offered rates.

Tailor your auto insurance coverage to you

When it comes to choosing coverage, there is no “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover whether your personal situation might need professional guidance.

  • I have a DUI can I still get coverage?
  • Am I covered if my car is in a flood?
  • Why do I only qualify for high-risk insurance?
  • Am I covered if I crash into my own garage door?
  • Should I bundle my homeowners policy with my auto?
  • Is rental equipment covered for theft or damage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I need motorclub coverage?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Insurance coverages 101

Understanding the coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on the average insurance policy.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, fire damage and theft. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses such as EMT expenses, surgery and X-ray expenses. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Collision coverage – Collision insurance will pay to fix damage to your 8 Series caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a parking meter, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Liability insurance – Liability coverage will cover damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as court costs, funeral expenses, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your BMW 8 Series.

Since 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.