Cheaper 2005 BMW 3 Series Car Insurance Cost

Want cheaper car insurance rates for your BMW 3 Series? Trying to find cheaper insurance for a BMW 3 Series could be an all-consuming task, but you can use our car insurance buying tips to find lower rates.

There is a better way to compare car insurance rates and you need to know the proper way to quote coverages for your BMW and get the cheapest rates from local insurance agents and online providers.

Consumers should take time to take a look at other company’s rates on a regular basis because car insurance prices trend upward over time. Just because you had the lowest rate for 3 Series coverage six months ago you will most likely find a better premium rate today. Ignore everything you know about car insurance because it’s time to teach you the right way to find lower rates on car insurance.

Compare auto insurance quotes online

Performing a rate comparison can be challenging if you don’t utilize the fastest way to get free quotes. You could spend your day discussing policy coverages with insurance companies in your area, or you could use the internet to quickly compare rates.

Most of the larger companies are enrolled in a marketplace where insurance shoppers submit one quote, and each company then returns a price quote. This prevents consumers from doing quote requests for each company you want a rate for.

To compare rates using this form now click here to start a free quote.

The one downside to getting quotes like this is that consumers can’t choose which providers to receive prices from. So if you prefer to pick specific providers to compare prices, we put together a list of low cost auto insurance companies in your area. Click here to view list.

However you get your quotes, be sure to compare nearly identical quote data with each company. If the quotes have higher or lower deductibles you will not be able to determine the lowest rate for your BMW 3 Series.

Take advantage of every insurance coverage discount

Insurance coverage is not cheap nor is it fun to buy but you might already qualify for some discounts that you may not even know about. Certain discounts will be applied at the time you complete a quote, but some need to be specifically requested before you get the savings.

  • Senior Citizen Discount – Mature drivers may qualify for a small discount on rates for 3 Series coverage.
  • Air Bag Discount – Cars that have air bags or motorized seat belts may qualify for discounts of 20 to 30 percent.
  • Pay Upfront and Save – If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
  • Military Rewards – Being deployed with a military unit could qualify you for better prices.
  • Good Students Pay Less – Maintaining excellent grades can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Student Driver Training – Have your child enroll and complete driver’s education in school or through a local driver safety program.
  • Discount for New Cars – Buying a new car instead of a used car can be considerably cheaper due to better safety requirements for new model year vehicles.
  • Defensive Driver – Participating in a defensive driver course could cut 5% off your bill if your company offers it.

You can save money using discounts, but some of the credits will not apply to the overall cost of the policy. Some only apply to individual premiums such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, nobody gets a free ride. But all discounts will bring down your premiums.

Larger insurance coverage companies and a selection of discounts are outlined below.

  • Farm Bureau discounts include multi-vehicle, renewal discount, safe driver, driver training, youthful driver, and 55 and retired.
  • Liberty Mutual may offer discounts for newly retired, new graduate, preferred payment discount, good student, hybrid vehicle, newly married, and teen driver discount.
  • State Farm offers premium reductions for defensive driving training, Drive Safe & Save, accident-free, multiple policy, and good student.
  • Auto-Owners Insurance may have discounts that include paid in full, group or association, multi-policy, anti-theft, safe vehicle, paperless, and multiple vehicles.
  • Geico offers discounts including federal employee, anti-theft, defensive driver, daytime running lights, good student, seat belt use, and membership and employees.
  • SAFECO has savings for anti-lock brakes, teen safety rewards, anti-theft, accident prevention training, and multi-car.

If you need cheaper insurance quotes, ask every company to give you their best rates. All car insurance discounts might not apply in your area.

How to know if you need help

When choosing proper insurance coverage, there is no cookie cutter policy. Every situation is different.

Here are some questions about coverages that can help discover whether your personal situation may require specific advice.

  • Do I need PIP coverage since I have good health insurance?
  • Do I need more liability coverage?
  • Do I benefit by insuring my home with the same company?
  • Should I drop comprehensive coverage on older vehicles?
  • Is business property covered if stolen from my car?
  • Is pleasure use cheaper than using my 2005 BMW 3 Series to commute?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form. It’s fast, free and can provide invaluable advice.

Auto insurance coverages explained

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and coverage can change by endorsement.

Collision protection

This pays for damage to your 3 Series resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a mailbox, sideswiping another vehicle, sustaining damage from a pot hole and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability coverage

This provides protection from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as pain and suffering, bail bonds, legal defense fees and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your 2005 BMW 3 Series.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, a broken windshield, fire damage, falling objects and vandalism. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for bills for funeral costs, ambulance fees and pain medications. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible