Cheap 1995 BMW 8 Series Insurance Quotes

Being forced to pay for expensive insurance premiums can bleed your accounts and maybe even restrict other spending. Performing a price comparison is an excellent way to lower your monthly bill.

Big-name insurance companies like Allstate, Liberty Mutual and State Farm increase brand awareness with advertising and consumers find it hard to see through the cute green geckos and mayhem and find the best price available.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Finding affordable coverage is not that difficult. But consumers must know the way insurance companies price insurance differently and take advantage of how the system works.

Discounts to earn affordable insurance coverage rates

Car insurance companies don’t always list the entire discount list in a way that’s easy to find, so below is a list a few of the more well known and the more hidden discounts that you can inquire about if you buy auto insurance online.

  • New Vehicle Savings – Buying a new car model is cheaper since newer models have better safety ratings.
  • Accident Forgiveness Coverage – Not really a discount, but certain companies allow you one accident without the usual rate increase if you are claim-free prior to the accident.
  • Defensive Driver Discount – Completing a course teaching defensive driver skills is a good idea and can lower rates and make you a better driver.
  • Claim Free – Drivers with accident-free driving histories pay much less as opposed to policyholders that have many claims.
  • Driver’s Ed – Cut your cost by having your teen driver sucessfully take a drivers education course as it will make them better drivers and lower rates.
  • Discount for Low Mileage – Driving fewer miles could earn lower prices on the low mileage vehicles.
  • Good Drivers – Accident-free drivers can get discounts for up to 45% lower rates for 8 Series insurance compared to rates paid by drivers with frequent claims.

A little disclaimer on discounts, most discounts do not apply the the whole policy. A few only apply to specific coverage prices like liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount should definitely cut your overall bill.

For a list of companies with discount insurance coverage rates, click here to view.

How to get free insurance quotes online

When comparison shopping, there are several ways to compare rate quotes from many different insurance companies. The quickest method to find the lowest BMW 8 Series rates consists of shopping online. This is very easy and can be done in several different ways.

  • Hands down the most simple method to find low rates would be an industry-wide quote request form (click to open form in new window). This quick form saves time by eliminating separate quote forms for each company you want a rate for. Just one form will get you price quotes from several companies.
  • Another way to get comparison quotes is spending the time to visit each individual company website and go through the quote process again. For example, let’s assume you are doing a rate comparison from State Farm, Farmers and Progressive. In order to compare rates, you need to go to every website and type in your information over and over, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  • The least efficient and most time consuming way to shop rates is to spend your day driving to local insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you require the trained advice of an agent trained in personal lines coverage. You can, however, compare online quotes and still use a local agent.

Whichever method you choose, try to keep exactly the same coverages and limits on every quote you get. If you are comparing different limits and deductibles on each one you can’t possibly find the best deal for your BMW 8 Series. Having just a slight variation in coverages may result in large price differences. Keep in mind that quoting more helps locate lower pricing. Some smaller insurers to not give online rate quotes, so it’s important to compare prices from the smaller companies as well.

Tailor your auto insurance coverage to you

When it comes to choosing coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether or not you might need an agent’s assistance.

  • When would I need rental car insurance?
  • How many claims can I have before being cancelled?
  • Can I rent a car in Mexico?
  • Is upholstery damage covered by car insurance?
  • Why am I required to buy high-risk coverage?
  • Are rental cars covered under my policy?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Auto insurance specifics

Knowing the specifics of a auto insurance policy can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverage types found on most auto insurance policies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills for surgery, X-ray expenses, hospital visits and dental work. They can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision coverage

Collision coverage pays for damage to your 8 Series resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as scraping a guard rail, crashing into a building, hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability car insurance

This coverage will cover damage that occurs to a person or their property. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of 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 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as structural damage, court costs, attorney fees and medical services. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like a broken windshield, fire damage, vandalism and theft. The most your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your BMW 8 Series.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.

Be a money saver!

Some insurance companies may not provide rates over the internet and usually these smaller companies provide coverage only through independent agencies. Budget-friendly insurance coverage is possible online and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis.

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. There are too many instances where an accident victim reduced physical damage coverage and learned later they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage for the lowest cost while not skimping on critical coverages.

Much more information about insurance coverage is available at these links: