Save on 2010 BMW 3 Series Insurance Quotes

Comparison shopping for cheaper insurance can seem to be challenging for beginners to online price comparisons. Since there are so many online companies, it can turn into a ton of work to find the perfect company for you.

You need to get comparison quotes as often as possible since prices go up and down regularly. Even if you got the best deal on 3 Series coverage a few years ago a different company probably has better rates today. Forget anything you know (or think you know) about insurance because we’re going to show you the best methods to save money, get proper coverage and the best rates.

Find discounts on auto insurance

Car insurance is not cheap, but there may be some discounts to reduce the price significantly. Some discounts apply automatically when you complete an application, but some may not be applied and must be requested specifically prior to getting the savings. If you do not check that you are getting every discount you deserve, you may be paying too high a price.

  • Senior Discount – Mature drivers can get a discount up to 10% on 3 Series coverage.
  • Smart Student Discounts – Maintaining excellent grades may save you up to 25%. Most companies allow this discount until age 25.
  • Government Employees – Federal government employees may reduce rates when you quote car insurance on 3 Series coverage with certain companies.
  • Own a Home – Simply owning a home can help you save on auto insurance because maintaining a house is proof that your finances are in order.
  • ABS Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive so companies give up to a 10% discount.

You can save money using discounts, but most credits do not apply to all coverage premiums. Most cut individual premiums such as medical payments or collision. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way. Any qualifying discounts will bring down your policy premium.

To view insurance companies that offer many of these discounts, follow this link.

How insurance providers calculate BMW 3 Series insurance prices

Lots of things are taken into consideration when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but others are more obscure like your continuous coverage or your financial responsibility.

  • Less chance of injury means lower prices – Cars with five star safety ratings get lower rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection translates directly to fewer claims and more competitive rates for policyholders. If your BMW 3 Series scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Tickets cost more than a fine – A bad driving record has a big impact on rates. Just one speeding ticket can boost insurance rates forty percent or more. Attentive drivers get better prices as compared to those with violations. Drivers who get serious citations like reckless driving or DUI are required to complete a SR-22 with their state in order to legally drive a vehicle.
  • How many miles do you drive? – The higher the miles on your BMW in a year’s time the higher the price you pay to insure it. A lot of companies apply a rate based on their usage. Cars not used for work or commuting cost less to insure than those used for commuting. Having an incorrect usage rating on your 3 Series may be costing you higher rates. It’s a good idea to make sure your insurance policy properly reflects the correct driver usage.
  • How much liability insurance – The liability section of your policy kicks in if ever you are found liable for damages from an accident. This coverage provides for a legal defense which can be incredibly expensive. Liability is cheap when compared to the cost of physical damage coverage, so do not cut corners here.
  • Insurance policy lapses lead to higher prices – Having an insurance coverage lapse can be a fast way to increase your insurance rates. And not only will your rates increase, being ticketed for driving with no insurance will get you fines and jail time.
  • Youthful drivers are expensive to insure – Young drivers are statistically shown to be more careless when driving with friends so they pay higher insurance rates. More mature drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Adjust coverage deductibles and save – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your BMW. Examples of covered claims would be collision with another vehicle, damage from fire, and rolling your vehicle. Comprehensive and collision coverage deductibles define the amount you are willing to pay if the claim is covered. The higher the amount you’re willing to pay, the bigger discount you will receive on 3 Series coverage.
  • Do thieves like your car? – Buying a car that has a built-in theft deterrent system can get you a discount on your insurance. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft.

Tailor your auto insurance coverage to you

When choosing adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

These are some specific questions can aid in determining if your insurance needs may require specific advice.

  • Am I covered when driving on a suspended license?
  • What is the ISO rating for a 2010 BMW 3 Series?
  • Is my camper covered by my car insurance policy?
  • When should my teen driver be added to my policy?
  • Am I covered when driving in Canada or Mexico?
  • Does my policy cover me when driving someone else’s vehicle?
  • Am I covered if I hit my neighbor’s mailbox?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage basics

Knowing the specifics of auto insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision coverage protection

Collision insurance will pay to fix damage to your 3 Series resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as damaging your car on a curb, rolling your car, colliding with a tree, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers

This coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages are similar to your liability insurance amounts.

Auto liability

This coverage protects you from injuries or damage you cause to other people or property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability insurance covers claims like structural damage, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as rehabilitation expenses, funeral costs and dental work. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive auto insurance

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from flooding, hail damage, a broken windshield and fire damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Keep this in mind

We covered a lot of information how to save on 2010 BMW 3 Series insurance. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may even find the lowest premium rates are with the smaller companies.

Some insurance companies don’t offer the ability to get quotes online and usually these small, regional companies only sell through independent agents. Cheaper car insurance can be bought both online in addition to many insurance agents, and you should compare rates from both to have the best rate selection.

People who switch companies do it for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, not issuing a premium refund and even questionable increases in premium. Regardless of your reason, switching companies can be pretty painless.

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