Save on 1993 BMW 8 Series Insurance Quotes

Want lower car insurance rates for your BMW 8 Series? Did you come to the realization that you have an underperforming, overpriced car insurance policy? You’re preaching to the choir because there are many consumers feeling the pinch from expensive car insurance. Insurance companies such as Allstate, Liberty Mutual and State Farm continually hit you with fancy advertisements and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.

You should take the time to take a look at other company’s rates before your policy renews because prices are adjusted regularly by insurance companies. Even if you think you had the best deal for 8 Series coverage two years ago there may be better deals available now. Forget anything you know (or think you know) about car insurance because I’m going to teach you how to use online quotes to remove unneeded coverages and save money.

If you have a current car insurance policy or need a new policy, you can use these techniques to reduce the price you pay and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Consumers just need to learn the tricks to compare price quotes online.

The method we recommend to get policy rate comparisons is to know the trick most larger insurance companies allow for online access to give rate comparisons. All you need to do is provide the companies a bit of rating information such as daily mileage, if you are currently licensed, whether your vehicle is owned or leased, and driver details. That rating data is instantly submitted to insurance companies and you will receive price estimates instantly to find the best rate.

Save a ton with discounts

Companies offering auto insurance do not advertise their entire list of discounts very clearly, so the below list has both well-publicized and also the lesser-known discounts you could be receiving when you buy car insurance online.

  • Passive Restraints and Air Bags – Factory options such as air bags or automatic seat belts can get savings of more than 20%.
  • Discount for Swiching Early – A few insurance companies offer discounts for switching to them before your current policy expires. You could save around 10% when you buy car insurance online.
  • Low Mileage Discounts – Low mileage vehicles can qualify you for lower premium rates due to less chance of an accident.
  • Drivers Education – Have your child take driver’s ed class if it’s offered in school.
  • ABS and Traction Control Discounts – Cars with anti-lock braking systems are safer to drive and will save you 10% or more.
  • Save with a New Car – Buying coverage on a new vehicle can get you a discount because new model year vehicles are generally safer.
  • Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to use a seat belt can save a little on the premium charged for medical payments and/or PIP.
  • Discount for Home Ownership – Just being a homeowner may trigger a policy discount on insurance because maintaining a house requires personal responsibility.
  • Paperless Signup – Some of the larger companies will discount your bill up to fifty bucks for signing up on your computer.
  • Early Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you could save up to 5%.

Drivers should understand that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, that’s just not realistic. But all discounts will reduce the amount you pay for coverage.

A few popular companies and some of the premium reductions they offer are shown below.

  • Geico offers discounts including anti-lock brakes, military active duty, five-year accident-free, federal employee, and driver training.
  • MetLife may include discounts for good driver, accident-free, defensive driver, good student, multi-policy, claim-free
  • Progressive offers premium reductions for continuous coverage, multi-policy, online quote discount, homeowner, online signing, good student, and multi-vehicle.
  • Travelers offers discounts for continuous insurance, multi-policy, good student, save driver, new car, and IntelliDrive.
  • SAFECO has discounts for multi-car, anti-theft, teen safety rewards, safe driver, drive less, and bundle discounts.
  • AAA discounts include pay-in-full, AAA membership discount, multi-car, education and occupation, good driver, multi-policy, and good student.

When quoting, ask all companies you are considering how many discounts you can get. A few discounts may not be available in every state. To locate insurers that offer some of these discounts, click this link.

What is the best auto insurance coverage?

When it comes to buying the best auto insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might point out whether you could use an agent’s help.

  • What is an SR-22 filing?
  • Is my BMW 8 Series covered if I use it for business?
  • Where can I find high-risk insurance?
  • Can my teen drive my company car?
  • How high should my medical payments coverage be?
  • Where can I find DUI or SR-22 insurance?
  • Am I better off with higher deductibles on my 1993 BMW 8 Series?
  • Are my friends covered when driving my 1993 BMW 8 Series?
  • Are split liability limits better than a combined single limit?
  • I have a DUI can I still get coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Car insurance 101

Understanding the coverages of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages available from insurance companies.

Comprehensive insurance – This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hitting a deer, theft and hitting a bird. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance – Liability insurance provides protection from damage that occurs to other’s property or people that is your fault. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as funeral expenses, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sideswiping another vehicle, scraping a guard rail, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as doctor visits, surgery, nursing services and prosthetic devices. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.