Cheap 2014 BMW 3 Series Car Insurance Rates

Trying to find the cheapest insurance for your BMW 3 Series can normally be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates.

There are both good and bad ways to shop for auto insurance and you need to know the absolute fastest way to price shop coverage for your BMW and find the cheapest rates either online or from local insurance agents.

It’s a good idea to compare premium rates every six months since insurance prices are constantly changing. If you had the lowest rates for 3 Series insurance last year there may be better deals available now. Block out anything you think you know about auto insurance because we’re going to show you one of the best ways to save money, get proper coverage and the best rates.

Car insurance quotes and discounts

Car insurance is not cheap, but you might already qualify for some discounts to help offset the cost. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be inquired about before being credited. If you don’t get every credit you qualify for, you could be getting lower rates.

  • Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
  • Life Insurance – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
  • Telematics Discount – Insureds that choose to allow their company to spy on their driving habits by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if their driving habits are good.
  • Low Mileage – Driving fewer miles may allow you to get cheaper car insurancerates.
  • Multi-car Discount – Drivers who insure primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
  • Distant Student – who are attending college and do not have a car may be insured at a cheaper rate.
  • Accident Forgiveness – This isn’t a discount exactly, but some companies like Liberty Mutual, Allstate and State Farm will let one accident slide before hitting you with a surcharge with the catch being you have to be claim-free for a set time period.
  • New Car Discount – Putting insurance coverage on a new car can save you some money because new model year vehicles have to meet stringent safety requirements.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to your bottom line cost. Most cut individual premiums such as liability and collision coverage. Even though it appears you can get free auto insurance, car insurance companies aren’t that generous.

To see car insurance companies that offer the discounts shown above, click here to view.

Situations that may require an agent’s advice

When it comes to choosing coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique.

These are some specific questions can aid in determining whether you will benefit from professional help.

  • Is my 2014 BMW 3 Series covered for flood damage?
  • Am I covered if I hit a deer?
  • When do I need to add a new car to my policy?
  • Am I covered if I crash into my own garage door?
  • Do I have coverage when pulling a U-Haul trailer?
  • Does coverage extend to a rental car in a foreign country?
  • Am I getting all the discounts available?
  • What are the financial responsibility laws in my state?

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. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and may give you better protection.

Insurance coverages explained

Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like rock chips in glass, hitting a deer, a broken windshield, fire damage and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 3 Series.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Liability coverage

This coverage will cover damage that occurs to people or other property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like pain and suffering, attorney fees, legal defense fees and medical services. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Coverage for collisions

This coverage will pay to fix damage to your 3 Series resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as scraping a guard rail, rolling your car, driving through your garage door, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to bring the cost down.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for bills like funeral costs, EMT expenses, ambulance fees, hospital visits and rehabilitation expenses. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

You can do this!

You just read many ideas to lower your 2014 BMW 3 Series insurance prices. The key concept to understand is the more you quote auto insurance, the better your comparison will be. Consumers may even find the lowest priced insurance comes from the least-expected company.

People who switch companies do it for many reasons like not issuing a premium refund, policy non-renewal, unfair underwriting practices or high rates after DUI convictions. Regardless of your reason, switching companies can be pretty painless.

Cheaper insurance is available on the web as well as from insurance agents, so get free auto insurance quotes from both of them to get a complete price analysis. Some insurance companies do not offer internet price quotes and these regional insurance providers prefer to sell through independent insurance agents.

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