Cheaper 1994 BMW 3 Series Car Insurance Rates

Searching for the cheapest insurance rates for your BMW 3 Series? Are you irritated from not being able to afford to buy insurance? Your situation is no different than millions of other drivers. Big companies like Geico, Farmers Insurance and State Farm all claim big savings, bombarding you with ads and it is challenging if not impossible to separate fact from fiction and do the work needed to find the best deal.

If you have insurance now or are just looking to switch companies, you can use these techniques to get lower rates and possibly find even better coverage. Finding the best rates is quite easy. Drivers just need to know the proper way to compare company rates online.

Find hidden discounts to get affordable car insurance rates

Some insurance providers do not advertise all disounts in a way that’s easy to find, so the below list has some of the best known and the more hidden car insurance savings.

  • Anti-lock Brake Discount – Cars with anti-lock braking systems are safer to drive so you can save 10 percent or more.
  • Seat Belts Save – Requiring all passengers to buckle up before driving could save 15% off PIP or medical payments premium.
  • Memberships – Being in certain professional organizations could qualify you for a break on your next car insurance statement.
  • Early Payment Discounts – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
  • Employee of Federal Government – Being employed by or retired from a federal job may qualify for a discount when you quote auto insurance for 3 Series insurance depending on your car insurance provider.
  • Include Life Insurance and Save – If the company offers life insurance, you could get a break if you buy life insurance.
  • Student in College – Youth drivers living away from home attending college and leave their car at home could qualify for this discount.
  • Low Mileage – Low mileage vehicles can qualify you for substantially lower prices.
  • Driver Safety – Taking a course that instructs on driving safety may get you a small discount and make you a better driver.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, that’s just not realistic.

To see providers with significant discounts, follow this link.

Cheapest auto insurance quotes

Reducing your 1994 BMW 3 Series insurance rates is an easy way to save money. Consumers just need to invest a few minutes to compare free auto insurance quotes provided by online insurance companies. Shoppers can get rates by following the guidelines below.

  • The easiest and least time consuming way consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This method saves time by eliminating separate quote forms for each company. In just a few minutes this one form will get you price quotes from auto insurance companies with the best prices.
  • A more difficult way to shop for auto insurance online is spending the time to visit each company website to complete their respective quote request forms. For sake of this example, we’ll pretend you want to compare prices for Progressive, Farmers and Allstate. In order to compare rates, you need to go to each individual site and enter your information, which is why the first method is quicker.

    For a list of links to companies insuring cars in your area, click here.

  • The last way to find lower rates is to spend time driving to insurance agencies in your area. Doing it all online can eliminate the need for a local agent unless your situation requires the professional guidance of a local agent. Drivers can price shop your coverage online but buy from a local insurance agent.

How you compare quotes is your choice, just do your best to use equivalent quote information for each price quote. If your comparisons have mixed coverages then you won’t be able to decipher which rate is best.

Learn how to find car insurance for less

Lots of things are used in the calculation when you get your auto insurance bill. Some are obvious like an MVR report, but other criteria are less obvious like where you live or your vehicle rating.When buying car insurance it’s important to understand some of the elements that go into determining the level of your policy premiums. If you understand what determines premiums, this enables you to make decisions that will entitle you to much lower annual insurance costs.

  • Improve your credit score – Having a bad credit history will be a significant factor in determining your rates. Insureds that have high credit scores tend to be more responsible and file fewer claims than drivers who have poor credit scores. Therefore, if your credit score is not that good, you could save money insuring your 1994 BMW 3 Series by spending a little time repairing your credit.
  • Never let your car insurance policy lapse – Driving your car without having proper coverage can get you a ticket and your next policy will cost more because you let your coverage have a gap. Not only will you pay higher rates, failure to provide proof of insurance could result in a revoked license or a big fine.
  • Traffic violations increase rates – Whether or not you get tickets impacts premiums far more than you think. Even a single speeding ticket or other violation can boost insurance rates by as much as thirty percent. Good drivers tend to pay less for car insurance as compared to those with violations. Drivers who have gotten careless violations like DUI or willful reckless driving may be required to submit a SR-22 form with their state motor vehicle department in order to legally drive a vehicle.
  • No car insurance claims equals cheaper car insurance rates – If you frequently file small claims, you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Companies generally give the lowest premiums to policyholders who do not file claims often. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • How much liability coverage – Your policy’s liability coverage is the coverage that protects you if a court rules you are at fault for causing damage or personal injury in an accident. It will provide you with a defense in court to defend your case. This coverage is relatively inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • Safety ratings are a factor – Safe vehicles are cheaper to insure. Vehicles engineered for safety reduce injuries and lower rates of occupant injuries means lower claim amounts passed on to you as lower rates. If your BMW scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Having a spouse can lower rates – Walking down the aisle actually saves money when buying car insurance. Having a spouse demonstrates that you tend to be more mature and insurance companies like that married drivers get in fewer accidents.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions could help you determine whether you may require specific advice.

  • Do I need added coverage for expensive stereo equipment?
  • Should I bundle my homeowners policy with my auto?
  • Should I have combined single limit or split liability limits?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my nanny covered when driving my vehicle?
  • Why do I only qualify for high-risk insurance?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It is quick, free and can help protect your family.

Do drivers who switch really save?

Consumers can’t ignore all the ads that promise big savings from companies such as State Farm, Allstate and Geico. They all seem to say the same thing of big savings after switching your car insurance coverage to their company.

How does every car insurance company charge lower premium rates? This is the way they can do it.

Insurance companies require specific criteria for the right customer that will add to their bottom line. One example of a desirable risk might have to be between 30 and 50, has a low-risk occupation, and insures a new vehicle. Someone who matches that profile gets the lowest prices and have a good chance to pay quite a bit less when switching companies.

Consumers who do not fit these standards will see more expensive rates which leads to the customer not purchasing. The wording the ads use say “drivers who switch” not “all people who quote” save that kind of money. This is how companies can truthfully make it sound like they have such great premium rates. Because of this risk profiling, you absolutely need to do a rate comparison at every renewal. You cannot predict which company will have the lowest rate quotes.

Auto insurance coverage options for a 1994 BMW 3 Series

Understanding the coverages of your auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most auto insurance policies.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, damage from a tornado or hurricane, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverages – This pays to fix your vehicle from damage 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 coverage protects against claims such as colliding with another moving vehicle, crashing into a building, sideswiping another vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Liability – Liability insurance provides protection from injuries or damage you cause to other’s property or people that is your fault. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability insurance covers things such as funeral expenses, court costs and loss of income. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

UM/UIM Coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your 1994 BMW 3 Series.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Medical costs insurance – Med pay and PIP coverage kick in for expenses for pain medications, chiropractic care, dental work, funeral costs and surgery. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Do the work, save more money

As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped full coverage and found out when filing a claim that they should have had better coverage. The aim is to purchase a proper amount of coverage at the best price while still protecting your assets.

Cheaper insurance is definitely available both online in addition to local insurance agencies, so you need to shop auto insurance with both to have the best selection. Some companies may not provide online price quotes and many times these smaller providers prefer to sell through independent agents.

Additional learning opportunities