Cheaper 2013 BMW 3 Series Insurance Cost

Want better insurance rates for your BMW 3 Series? Overpriced BMW 3 Series insurance can consume your monthly budget and put the squeeze on your family’s finances. Doing a rate analysis is an excellent way to ensure you are getting the best deal.

People have so many insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, so many choices can make it hard to compare rates.

How to compare car insurance quotes

All major car insurance companies allow you to get prices on their websites. Doing online price comparisons is possible for anyone as all you need to do is type in your coverage preferences into a form. Upon sending the form, the system obtains reports for credit and driving violations and returns pricing information. Quoting online makes it easy to compare insurance prices but the time required to go to each company’s website and repetitively type in the same information is monotonous and tiresome. But it’s absolutely necessary to do this if you are searching for the best price possible.

The smarter way to lower your rates makes use of a single form to return rates from many companies. The form is fast, requires much less work on your part, and makes online shopping much simpler. Immediately after submitting the form, it gets priced and you can choose any of the pricing results.

If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. This process takes just a few minutes to complete and could lower your rates considerably.

In order to get comparison pricing now, click here to open in new window and fill out the form. To compare your current rates, we recommend you enter deductibles and limits exactly as shown on your declarations page. This guarantees you are getting an apples-to-apples comparison based on identical coverages.

Lower rate quotes with discounts

Auto insurance is neither fun to buy or cheap, but discounts can save money and there are some available that can drop the cost substantially. Certain reductions will be credited when you complete an application, but occassionally some discounts must be specifically requested before you get the savings. If you aren’t receiving every discount you qualify for, you could be paying more than you need to.

  • Professional Organizations – Being a member of specific professional or occupational memberships or organizations is a good way to get lower rates on auto insurance.
  • E-sign Discounts – A few companies provide a small discount for completing your application digitally online.
  • Discount for Life Insurance – Some insurance companies give a small discount if you purchase auto and life insurance together.
  • Home Ownership Discount – Owning a home can get you a discount since owning and maintaining a home means you have a higher level of financial diligence.
  • No Claim Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on car insurance quote compared to bad drivers.

Consumers should know that some of the credits will not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So when it seems like you can get free auto insurance, insurance companies wouldn’t stay in business.

Larger auto insurance companies and a partial list of their discounts are shown below.

  • State Farm may include discounts for Drive Safe & Save, safe vehicle, Steer Clear safe driver discount, multiple autos, good driver, defensive driving training, and multiple policy.
  • Progressive has discounts for online quote discount, good student, homeowner, online signing, continuous coverage, and multi-policy.
  • Progressive has savings for multi-policy, online signing, multi-vehicle, online quote discount, and homeowner.
  • MetLife may offer discounts for defensive driver, good driver, claim-free, accident-free, multi-policy, good student
  • Farm Bureau offers discounts for good student, youthful driver, renewal discount, multi-policy, driver training, 55 and retired, and safe driver.
  • Geico may have discounts that include daytime running lights, driver training, five-year accident-free, emergency military deployment, anti-theft, good student, and military active duty.
  • SAFECO offers premium reductions for homeowner, accident prevention training, teen safe driver, teen safety rewards, and bundle discounts.

It’s a good idea to ask each company what discounts are available to you. All car insurance discounts might not be available to policyholders in your area.

BMW 3 Series insurance costs can be reduced

Lots of things are used in the calculation when premium rates are determined. Some are obvious such as your driving history, but some are less apparent like where you live or your financial responsibility.Part of the insurance buying process is learning some of the factors that go into determining the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that may reward you with lower insurance prices.

  • Small coverages can add up – There are quite a few extra bells and whistles you can purchase on your insurance policy. Coverages for vanishing deductibles, death and dismemberment, and Farm Bureau memberships may not be needed and are just wasting money. They may seem like a good idea when talking to your agent, but if you have no use for them remove them and pocket the money.
  • Expect high rates for teens – More experienced drivers are proven to be safer behind the wheel, are lower risk to insure and receive fewer citations.Drivers with little experience have been known to be inattentive behind the wheel therefore insurance rates are much higher.
  • More than one policy can earn a discount – The majority of insurers apply better rates to insureds who consolidate policies with them, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, it’s always a smart idea to get quotes from other companies to confirm you are receiving the best rates possible. Drivers may still save even more even if you have your coverage with different companies
  • Lower physical damage deductibles cost more – Physical damage deductibles represent how much money you are required to pay if you file a covered claim. Insurance for physical damage to your car, aka comp and collision, protects your car from damage. Examples of some claims that would be covered are collision with another vehicle, damage from fire, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the less your insurance will be for 3 Series insurance.
  • Does your occupation cost you more? – Jobs such as real estate brokersair traffic controllers and emergency personnel have higher average rates due to stressful work requirements and lots of time spent at work. On the other hand, careers such as scientists, athletes and homemakers pay the least for 3 Series insurance.

What is the best insurance coverage coverage?

When choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every situation is different and your policy should reflect that. For example, these questions may help highlight if you would benefit from an agent’s advice.

  • What is UM/UIM insurance?
  • Should I buy only the required minimum liability coverage?
  • Who is covered by my policy?
  • Does insurance cover tools stolen from my truck?
  • Can I make deliveries for my home business?
  • Does having multiple vehicles earn me a discount?
  • Do I have any recourse if my insurance company denies a claim?
  • How much liability do I need to cover my assets?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverages 101

Understanding the coverages of auto insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average auto insurance policy.

Auto liability

This can cover damage that occurs to a person or their property that is your fault. It protects you from claims by other people. It does not cover 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 limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for claims like loss of income, emergency aid and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage

Med pay and PIP coverage pay for short-term medical expenses like funeral costs, rehabilitation expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Collision insurance

This coverage will pay to fix damage to your 3 Series caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, scraping a guard rail 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 to save money on collision insurance.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive protection

Comprehensive insurance coverage 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 coverage pays for things like damage from getting keyed, hitting a bird and hail damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Compare but don’t skimp

Some insurance companies do not provide the ability to get quotes online and usually these regional insurance providers only sell coverage through independent agents. Budget-friendly auto insurance is available online and also from your neighborhood agents, so you need to compare both to get a complete price analysis.

As you quote car insurance, it’s a bad idea to reduce coverage to reduce premium. There are too many instances where an insured cut uninsured motorist or liability limits to discover at claim time they didn’t have enough coverage. The aim is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.

Additional information is located at the links below