2000 BMW 3 Series Insurance Quotes – 8 Policy Discounts

Are you irritated from scraping the payment together to pay your auto insurance bill each month? You are no different than the majority of other vehicle owners.

Having so many insurance companies to choose from, it can be impossible to find the cheapest insurance company.

Take advantage of every insurance coverage discount

Insuring your vehicles can cost a lot, but there may be some discounts to help bring down the price. Certain credits will be shown at the time you complete a quote, but a few must be manually applied before you get the savings.

  • Federal Employees – Federal government employees could cut as much as 10% off for 3 Series insurance with certain companies.
  • New Vehicle Savings – Buying a new car instead of a used car can cost up to 25% less because new model year vehicles keep occupants safer.
  • Memberships – Joining specific professional or occupational memberships or organizations is a simple method to lower premiums when shopping for insurance coverage.
  • Theft Deterent Discount – Cars equipped with tracking devices and advanced anti-theft systems can help prevent theft and that can save you a little bit as well.
  • Renewal Discounts – A few larger companies allow discounts for switching companies early. This discount can save up to 10%.
  • Passenger Safety Discount – Vehicles with factory air bags or automatic seat belts can receive discounts as much as 30%.
  • Resident Student – College-age children living away from home attending college and do not take a car to college may qualify for this discount.
  • Mature Driver Discount – If you qualify as a senior citizen, you may be able to get lower premium rates for 3 Series insurance.

Discounts reduce rates, but you should keep in mind that most discounts do not apply the the whole policy. Most only cut the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, you won’t be that lucky.

Some of the insurance companies that may offer some of the above discounts may include but are not limited to:

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. Discounts might not be offered everywhere. To see insurance companies offering insurance coverage discounts, click here.

Can you really save if you switch?

Well-known car insurance companies like State Farm, Geico and Progressive seem to constantly run television and radio advertisements. They all seem to advertise claims that drivers will save a bundle just by switching your policy. But how can every company lower your premium rates? It’s all in the numbers.

Companies have strict underwriting profiles for the type of driver that makes them money. For example, a profitable risk profile could be a female over age 40, has a clear driving record, and drives a safe vehicle. A driver who fits those characteristics will qualify for the lowest premium rates as well as save a lot of money.

Potential customers who cannot meet these criteria will have to pay more expensive rates and the driver buying from a lower-cost company. If you listen closely, the ads state “people that switch” but not “everyone who gets a quote” will save that much if they switch. That’s why insurance companies can make claims that they all have the best premium rates. This illustrates why it is so important to get as many free auto insurance quotes as possible. It’s just not possible to know with any certainty which company will fit you best based on your risk profile.

How to know if you need help

When it comes to choosing proper insurance coverage, there is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. For instance, these questions may help you determine whether your personal situation will benefit from professional help.

  • How many claims can I have before being cancelled?
  • Is a blown tire covered by insurance?
  • At what point should I drop full coverage?
  • How can I get high-risk coverage after a DUI?
  • When should I drop full coverage on my 2000 BMW 3 Series?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What if I owe more than I can insure my car for?
  • Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

The coverage is in the details

Understanding the coverages of your car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average car insurance policy.

Coverage for medical expenses – Med pay and PIP coverage kick in for immediate expenses like EMT expenses, pain medications, dental work and funeral costs. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Coverage for liability – Liability coverage provides protection from damages or injuries you inflict on a person or their property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as repair bills for other people’s vehicles, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision – Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as rolling your car, scraping a guard rail, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your BMW 3 Series.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive car insurance – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, damage from flooding, hitting a bird and a broken windshield. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Final thoughts

When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. In many cases, an insured dropped collision coverage only to regret at claim time they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at the best price while still protecting your assets.

In this article, we covered many tips how you can compare 2000 BMW 3 Series insurance rates online. The key thing to remember is the more providers you compare, the higher the chance of saving money. Consumers may even find the best rates are with the least-expected company. These companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

More tips and info about insurance coverage is available in these articles: