2016 BMW 3 Series Car Insurance Quotes – 10 Discounts for Best Rates

Searching for lower insurance rates for your BMW 3 Series? Locating low-cost insurance for a BMW 3 Series could be difficult, but you can learn the following methods and make it easy.

There are more efficient ways to find insurance online so you’re going to learn the best way to compare rates on a BMW and get the cheapest rates from both online companies and local agents.

If you are insured now or need a new policy, you can use these tips to get lower rates and still get good coverage. Finding the best auto insurance is simple if you know the tricks. Drivers just need to know the most effective way to shop their coverage around online.

Cheap insurance quotes

The majority of larger companies like Progressive, Geico, Allstate and State Farm allow you to get coverage prices from their websites. Getting prices online is fairly straightforward as you just enter the coverages you want into the quote form. After you submit the form the system sends out for your driving and credit reports and returns a price based on the data you entered.

Quoting online makes comparing rates easy, but the work required to visit multiple sites and type in your information gets old quite quickly. But it’s also necessary to perform this step in order to get a lower rate.

The easy way to compare rates

The smarter way to find better insurance pricing uses one form that gets prices from multiple companies. It’s a real time-saver, helps eliminate reptitive entry, and makes rate comparisons much more efficient. As soon as the form is sent, it is rated with multiple companies and you can pick your choice of the returned quotes.

If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process just takes a couple of minutes and may save quite a bit of money.

In order to find out how much you’re overpaying now, click here and input your coverage information. If you have your current policy handy, we recommend you enter deductibles and limits exactly as shown on your declarations page. Doing this assures you will have an apples-to-apples comparison based on identical coverages.

You may qualify for discounts

Companies don’t necessarily list every possible discount very clearly, so we break down both well-publicized and the harder-to-find discounts that you can inquire about if you buy insurance coverage online.

  • Switch and Save Discount – Select companies give a discount for buying a new policy before your current policy expires. You could save around 10% when you buy insurance coverage online.
  • Good Student – Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
  • Multi-line Discount – Select insurance companies reward you with a break if you buy a life insurance policy as well.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in high school.
  • Discounts for Federal Employees – Having worked for a branch of the government may reduce rates when you quote insurance coverage for 3 Series coverage with some insurance companies.
  • Onboard Data Collection – Drivers who agree to allow their insurance company to analyze their driving habits remotely such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they are good drivers.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles have fewer accidents and therefore earn up to a 10% discount.
  • Policy Bundle Discount – If you combine your auto and home policies and insure them with the same company you may earn 10% to 20% off each policy.
  • Low Miles Discount – Maintaining low annual mileage may enable drivers to earn discounted rates on garaged vehicles.
  • New Vehicle Savings – Insuring a vehicle that is new is cheaper because newer models keep occupants safer.

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most only cut individual premiums such as medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

A few popular companies and some of the premium reductions they offer are included below.

  • Geico policyholders can earn discounts including federal employee, defensive driver, military active duty, five-year accident-free, and good student.
  • USAA may have discounts that include safe driver, annual mileage, multi-policy, military installation, defensive driver, good student, and driver training.
  • Progressive discounts include online signing, online quote discount, multi-policy, multi-vehicle, good student, and continuous coverage.
  • American Family has discounts for multi-vehicle, good driver, early bird, defensive driver, TimeAway discount, air bags, and good student.
  • Esurance offers discounts including good driver, anti-theft, anti-lock brakes, emergency road assistance, defensive driver, and multi-policy.
  • Farmers Insurance may offer discounts for early shopping, bundle discounts, homeowner, multi-car, distant student, teen driver, and youthful driver.
  • State Farm includes discounts for good driver, Drive Safe & Save, good student, anti-theft, and accident-free.

It’s a good idea to ask each insurance company which discounts can lower your rates. Some discounts listed above may not apply to policyholders in your state. To see insurance companies who offer cheap insurance quotes, follow this link.

There’s no such thing as the perfect auto insurance policy

When buying proper insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different.

For instance, these questions could help you determine if your insurance needs could use an agent’s help.

  • Will I lose any money if I cancel my policy before it expires?
  • Does coverage extend to a rental car in a foreign country?
  • How do I buy GAP insurance?
  • Am I covered when driving on a suspended license?
  • Am I getting all the discounts available?
  • Is other people’s property covered if stolen from my vehicle?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Insurance coverage considerations

Having a good grasp of a insurance policy can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Liability coverage – This coverage provides protection from damages or injuries you inflict on other people or property 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. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things like medical services, pain and suffering, emergency aid and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

Collision coverages – This coverage covers damage to your 3 Series resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, rolling your car, colliding with another moving vehicle, colliding with a tree and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses like ambulance fees, dental work and nursing services. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2016 BMW 3 Series.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive auto coverage – This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, falling objects, hail damage and fire damage. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.