2007 BMW 3 Series Car Insurance Quotes

Sick and tired of robbing Peter to pay Paul to pay high insurance rates every month? You are in the same boat as millions of other people.

With so many choices, it can be challenging to choose the most cost effective company.

Shop car insurance online

There are several ways to obtain and compare prices from all the different companies. The fastest way to lower the rate you pay for 2007 BMW 3 Series insurance is simply to get online rate quotes. This is very easy and can be done by using one of the methods below.

The best way to get quotes for comparison is to use a rate comparison form click here to open form in new window. This quick form keeps you from doing a different quote for each company you want a rate for. Completing one form gets prices estimates direct from many companies.

A slightly less efficient method to find more affordable insurance requires a visit to each company’s website to complete their respective quote request forms. For examples sake, let’s assume you want to see prices from Geico, State Farm and Farmers. To find out each rate you need to spend time on each company’s site to enter your coverage information, which is why the first method is more popular.

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

The least efficient way to find lower rates is to spend your day driving to insurance agents’ offices. The ability to quote online eliminates this option unless you have a complicated situation and need the professional assistance of a licensed agent. If you prefer, some companies allow you to comparison shop your insurance online but still have the advice of a local agent.

You can choose any of those ways to find more affodable coverage, but double check that you are using nearly identical quote data on every quote. If the quotes have different values for each quote you can’t possibly make a fair comparison for your BMW 3 Series. Just a small difference in insurance coverages may result in a large different in cost. And when comparison shopping, comparing a wide range of rates will enable you to find a better price.

Are you falling for claims of savings?

Popular insurance coverage providers such as Progressive, Geico, Allstate and State Farm consistently run ads on TV and radio. All the ads make the same claim about how much you will save if you move your coverage. How does every company offer drivers better rates? Here is how they do it.

Companies have specific guidelines for the right customer that will not have excessive claims. For instance, a desirable risk could possibly be between 25 and 40, has a low-risk occupation, and has a high credit rating. Anybody who matches those parameters may get the lowest prices and will probably save when they switch companies.

Insureds who do not match those standards must pay a higher rate and ends up with the driver buying from a lower-cost company. The ads state “customers who switch” but not “all drivers who get quotes” save money. This is how companies can make claims like that. This emphasizes why you need to do a price quote comparison at every renewal. It is impossible to guess which insurance companies will have the best car insurance rates at this point in time.

Why informed consumers pay less for BMW 3 Series insurance

Lots of factors are used in the calculation when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, but other factors are more obscure like your continuous coverage and annual miles driven.

The items below are some of the factors insurance companies consider when setting your rates.

Gender as a rate factor – The statistics show that females tend to be a little less risky than males. However, don’t assume that females are better at driving than males. Women and men are responsible for fender benders at about the same rate, but the males have accidents that have higher claims. Men also statistically get higher numbers of serious violations like DWI (DUI) or reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore are the most expensive to insure.
Married people drive safer – Having a wife or husband helps lower the price on your insurance bill. Having a significant other is viewed as being more mature than a single person and insurance companies reward insureds because married couples file fewer claims.
How your age affects prices – Older insureds have been proven to be more responsible, tend to cause fewer accidents , and usually have better credit.Teen drivers tend to be easily distracted with other occupants in the car therefore insurance rates are much higher.
Safer cars save money – Vehicles that have high safety ratings are cheaper to insure. Safer cars reduce injuries and reduced instances of injuries means less claims paid and lower rates for you.
Insurance policy lapses increase rates – Letting your insurance expire is a guaranteed way to drive up your policy premiums. Not only will rates go up, not being able to provide proof of insurance might get you a license revocation or jail time. Then you may be required to file a SR-22 with your state department of motor vehicles.

Insurance policy discounts

Not many people think insurance is cheap, but there may be some discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you quote, but lesser-known reductions have to be specifically requested before you get the savings. If you do not check that you are getting every discount you qualify for, you could be getting lower rates.

Claim-Free Discount – Drivers who stay claim-free can save substantially compared to insureds who have frequent claims or accidents.
Telematics Devices – Drivers who elect to allow driving data collection to spy on their driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
Discounts for Multiple Vehicles – Having multiple cars on the same insurance policy can reduce the rates for all insured vehicles.
Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you a discount if you purchase life insurance.
Smart Student Discounts – Excelling in school can save 20 to 25%. You can use this discount normally up to age 25.
Switch and Save Discount – Some larger companies give discounts for switching to them before your current expiration date. Ten percent is about the average savings.
ABS Braking Discount – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.

Don’t be surprised that most discounts do not apply to the entire cost. Most only reduce individual premiums such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A few of the larger companies and some of the premium reductions they offer can be read below.

Geico has savings for anti-lock brakes, daytime running lights, emergency military deployment, multi-vehicle, anti-theft, and air bags.
Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, paperless, safe vehicle, student away at school, and teen driver.
American Family offers premium reductions for early bird, bundled insurance, mySafetyValet, Steer into Savings, good student, air bags, and accident-free.
Esurance may offer discounts for online shopper, good driver, multi-policy, multi-car, good student, homeowner, and safety device.
Progressive has discounts for online signing, multi-policy, good student, homeowner, multi-vehicle, online quote discount, and continuous coverage.
State Farm offers discounts including Steer Clear safe driver discount, good student, Drive Safe & Save, anti-theft, driver’s education, multiple policy, and safe vehicle.
AAA may have discounts that include good driver, education and occupation, good student, multi-policy, AAA membership discount, and pay-in-full.

If you are trying to find inexpensive car insurance quotes, ask each company which discounts you may be entitled to. Savings may not be offered in your area. If you would like to choose from a list of insurance companies that offer discounts, follow this link.

How do I know if I need professional advice?

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. For example, these questions may help highlight if your insurance needs may require specific advice.

Are my tools covered if they get stolen from my vehicle?
Do I need rental car coverage?
Are my friends covered when driving my 2007 BMW 3 Series?
Am I covered by my spouse’s policy after a separation?
Are rental cars covered under my policy?
Am I insured when driving a different vehicle?
Can I make deliveries for my home business?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Insurance coverages 101

Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for expenses such as ambulance fees, X-ray expenses, chiropractic care and EMT expenses. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability

Liability insurance will cover damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability can pay for claims like court costs, bail bonds, repair bills for other people’s vehicles and attorney fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Collision protection

This coverage covers damage to your 3 Series resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as hitting a parking meter, crashing into a ditch, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like fire damage, theft, hitting a deer, a broken windshield and vandalism. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your BMW 3 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

The best insurance company isn’t always the cheapest

While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. In too many instances, an accident victim reduced collision coverage only to find out they didn’t purchase enough coverage. The goal is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

We’ve covered many ways to shop for 2007 BMW 3 Series insurance online. It’s most important to understand that the more times you quote, the better your chances of lowering your prices. You may even find the best price on insurance is with the smaller companies. Regional companies can often provide lower prices in certain areas than the large multi-state companies such as Progressive and Geico.