Cheaper 2015 BMW i3 Car Insurance Rates

If you are new to online insurance coverage, by this point your are probably bewildered by the diversity local agents and online companies competing for your business.

Consumers should take time to get comparison quotes occasionally because insurance coverage prices are usually higher with each renewal. If you had the best rates for i3 coverage a couple years back you can probably find a lower rate today. Block out anything you think you know about insurance coverage because we’re going to demonstrate one of the easiest ways to reduce your cost while improving coverage.

Finding affordable coverage is not rocket science. Just about every driver who is shopping for insurance coverage will most likely be able to lower their premiums. Nevertheless, drivers do need to learn how the larger insurance companies market on the web because it can help you find the best coverage.

More discounts mean affordable premiums

Car insurance is not an enjoyable expense, but you may find discounts that can help lower your rates. Some discounts apply automatically at quote time, but a few need to be asked for prior to receiving the credit.

  • Passive Restraint Discount – Factory options such as air bags or motorized seat belts can qualify for discounts of 25 to 30%.
  • Home Ownership Discount – Just being a homeowner may trigger a policy discount on car insurance because of the fact that having a home requires personal responsibility.
  • Pay Upfront and Save – If you pay your bill all at once instead of making monthly payments you can avoid the installment charge.
  • Sign Early and Save – Select larger companies give a discount for buying a policy before your current coverage expires. You may see this discount when you get auto insurance quotes online.
  • Discount for Life Insurance – Select companies reward you with better premium rates if you take out life insurance.
  • Buy New and Save – Insuring a vehicle that is new can get you a discount because new model year vehicles are generally safer.
  • Professional Memberships – Having an affiliation with specific professional or occupational memberships or organizations could trigger savings on your next car insurance statement.

As a footnote on discounts, some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any amount of discount will help reduce the cost of your policy.

Companies that have some of the above discounts may include but are not limited to:

Before buying, ask every prospective company how you can save money. Savings may not apply in your area. If you would like to choose from a list of car insurance companies who offer online car insurance quotes, click here to view.

It’s not one size fits all

When it comes to choosing coverage, there is no one size fits all plan. Each situation is unique.

For instance, these questions may help highlight whether your personal situation might need an agent’s assistance.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I carry comprehensive and collision coverage?
  • Why do I only qualify for high-risk insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I get collision insurance on every vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Why you might not save $465 a year

Popular insurance coverage providers such as State Farm, Geico and Progressive endlessly run ads on television and other media. All the ads advertise the message about savings after switching your coverage. How do they all say the same thing? It’s all in the wording.

Different companies provide the lowest rates for the type of customer that earns them the highest profit. An example of a driver they prefer could possibly be over the age of 35, insures multiple vehicles, and drives a car with an anti-theft system. A propective insured who matches that profile gets the lowest prices and will probably save if they switch.

Potential insureds who are not a match for those criteria will see higher premium rates and this results in the customer buying from someone else. If you listen to the ad wording, they say “customers who switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can make claims that they all have the best rates. Because of the profiling, it is so important to do a rate comparison at every renewal. It’s impossible to know which company will give you lower prices than your current company.

Specific coverage details

Understanding the coverages of your auto insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Liability coverage – This coverage protects you from damage that occurs to other people or property. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values 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 property damage coverage for $50,000.

Liability insurance covers claims like pain and suffering, loss of income, attorney fees, medical expenses and legal defense fees. How much coverage you buy is a personal decision, but buy as much as you can afford.

Collision coverage – This pays for damage to your i3 from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, crashing into a building and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for bills like prosthetic devices, doctor visits, surgery and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW i3.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive coverage – This pays for 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 protects against things such as fire damage, falling objects and a broken windshield. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

You can do this!

Consumers switch companies for a variety of reasons including extreme rates for teen drivers, delays in paying claims, an unsatisfactory settlement offer and denial of a claim. Regardless of your reason, switching insurance coverage companies can be less work than you think.

Discount 2015 BMW i3 insurance is attainable from both online companies and from local agencies, and you should be comparing both in order to have the best chance of saving money. Some insurance providers may not provide the ability to get a quote online and most of the time these regional insurance providers prefer to sell through independent insurance agents.

You just learned quite a bit of information on how to save on 2015 BMW i3 insurance. The key thing to remember is the more providers you compare, the higher your chance of finding inexpensive auto insurance. Drivers may discover the lowest premium rates are with a company that doesn’t do a lot of advertising.

Additional insurance coverage information is located on the following sites: