2017 BMW i3 Car Insurance Quotes – 5 Ways to Save

Searching for cheaper auto insurance rates for your BMW i3? Locating cheaper insurance for your BMW i3 can turn out to be a lot of work, but you can learn these tips to make it easier. There are both good and bad ways to buy auto insurance so you’re going to learn the best way to quote coverages for a BMW and find the lowest possible price either online or from local insurance agents.

These five discounts can reduce insurance coverage rates

Some insurers don’t list all their discounts in a way that’s easy to find, so the list below details some of the more common and also the lesser-known discounts you could be receiving when you buy auto insurance online.

  • Driving Data Discount – Insureds who allow their insurance coverage company to look at driving patterns by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if their driving habits are good.
  • No Charge for an Accident – Not necessarily a discount, but some insurance companies will allow you to have one accident before hitting you with a surcharge with the catch being you have to be claim-free for a certain period of time.
  • New Vehicle Savings – Adding a new car to your policy can save you some money due to better safety requirements for new vehicles.
  • Defensive Driver – Successfully completing a defensive driver course could earn you a small percentage discount and make you a better driver.
  • Pay Early and Save – By paying your entire bill at once as opposed to paying monthly you may have a lower total premium amount.

Keep in mind that most discount credits are not given the the whole policy. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, it’s just not the way it works.

Larger insurance coverage companies and some of the discounts are included below.

  • State Farm discounts include good driver, driver’s education, student away at school, Drive Safe & Save, and defensive driving training.
  • Farmers Insurance may offer discounts for teen driver, early shopping, multi-car, mature driver, and business and professional.
  • Geico offers discounts including anti-lock brakes, defensive driver, good student, membership and employees, military active duty, and air bags.
  • American Family has savings for good student, Steer into Savings, good driver, early bird, TimeAway discount, and accident-free.
  • Nationwide offers premium reductions for family plan, multi-policy, easy pay, Farm Bureau membership, business or organization, good student, and defensive driving.
  • Progressive may have discounts that include online quote discount, homeowner, good student, multi-policy, multi-vehicle, continuous coverage, and online signing.

When quoting, ask all the companies which discounts you qualify for. Discounts might not be offered in your area. If you would like to choose from a list of insurers that offer the discounts shown above, click this link.

When do I need an agent’s advice?

When it comes to buying adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different.

For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need roadside assistance coverage?
  • Am I covered when delivering products for my home-based business?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is covered by UM/UIM coverage?
  • Are my friends covered when driving my car?
  • How much liability do I need to cover my assets?
  • Should I buy full coverage?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.

Auto insurance policy specifics

Understanding the coverages of a auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Collision coverage – This coverage pays for damage to your i3 resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with another moving vehicle, hitting a parking meter, colliding with a tree, sideswiping another vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive auto insurance – This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, rock chips in glass, theft, a broken windshield and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your BMW i3.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability coverages – Liability coverage protects you from damages or injuries you inflict on people or other property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers things like attorney fees, medical expenses and medical services. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as X-ray expenses, nursing services, prosthetic devices, dental work and ambulance fees. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Compare but don’t skimp

As you go through the steps to switch your coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are many occasions where an accident victim reduced collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. The goal is to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

Insureds leave their current company for any number of reasons including denial of a claim, policy non-renewal, not issuing a premium refund and even poor customer service. It doesn’t matter why you want to switch switching car insurance companies is not as hard as you think.

Cheap 2017 BMW i3 insurance is attainable on the web in addition to local insurance agencies, so you need to quote auto insurance with both to have the best selection. There are still a few companies who may not offer online price quotes and most of the time these small insurance companies work with local independent agencies.

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