2018 BMW i3 Insurance Quotes – 8 Tips to Save

Buying more affordable insurance on the web might seem difficult for comparing rates and buying insurance on the internet. With such a large number of insurance companies available, how can anyone have the ability to compare every company in order to find the best pricing?

The purpose of this article is to familiarize you with the best way to quote coverages and some money-saving tips. If you currently have car insurance, you will most likely be able to lower your premiums substantially using these tips. But car owners need to have an understanding of how big insurance companies price insurance differently because it can help you find the best coverage.

Lower your car insurance rates with these eight discounts

Not many people think insurance is cheap, but you might find some hidden discounts that you may not even know about. Some of these disounts will be visible at the time you complete a quote, but some must be asked about before they will apply.

  • Switch and Save Discount – Some larger companies reward drivers for renewing your policy prior to your current policy expiration. You may see this discount when you get insurance coverage quotes online.
  • Memberships – Joining qualifying employment or professional organizations can get you a small discount on your next car insurance statement.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
  • Discount for Low Mileage – Low annual miles can earn lower rates due to less chance of an accident.
  • Life Insurance – Larger companies have better rates if you take out some life insurance in addition to your auto policy.
  • Federal Government Employee – Active or retired federal employment may qualify for a discount when you quote insurance coverage for i3 insurance but check with your company.
  • Auto/Home Discount – When you combine your auto and homeowners insurance with one company you may earn up to 20% off your total premium.
  • Discounts for New Vehicles – Insuring a new car may earn a small discount because newer models have to meet stringent safety requirements.

A little disclaimer on discounts, many deductions do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A few popular companies and the discounts they provide can be found below.

  • American Family has savings for early bird, good student, bundled insurance, mySafetyValet, multi-vehicle, and good driver.
  • Nationwide may have discounts that include anti-theft, Farm Bureau membership, easy pay, business or organization, accident-free, and good student.
  • MetLife may offer discounts for good student, claim-free, defensive driver, accident-free, good driver, multi-policy
  • 21st Century offers discounts for automatic seat belts, teen driver, anti-lock brakes, theft prevention, defensive driver, and good student.
  • Farmers Insurance discounts include bundle discounts, switch companies, homeowner, multi-car, mature driver, and electronic funds transfer.
  • Allstate policyholders can earn discounts including EZ pay plan discount, FullPay discount, premier plus, anti-lock brakes, and farm vehicle.

If you need lower rates, check with all companies you are considering to apply every possible discount. Some discounts may not apply to policies in every state. To locate insurers who offer online car insurance quotes, click here.

The quickest method we recommend to get rate comparisons is to realize most of the bigger providers have advanced systems to compare rate quotes. To begin a comparison, all you need to do is give them some information like if a SR-22 is required, whether you drive to work or school, any included safety features, and whether you are single or married. Your rating data is instantly sent to multiple different insurance companies and they return quotes instantly.

You are unique and your insurance coverage should be too

When it comes to choosing proper insurance coverage, there really is not a cookie cutter policy. Every situation is different.

Here are some questions about coverages that may help you determine whether you could use an agent’s help.

  • Is my ex-spouse still covered by my policy?
  • Will filing a claim cost me more?
  • When can my company non-renew my policy?
  • What is high-risk coverage and where do I buy it?
  • Do I pay less if my vehicle is kept in my garage?
  • What discounts do I qualify for?
  • Are my tools covered if they get stolen from my vehicle?

If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form.

Insurance coverages explained

Knowing the specifics of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance

Liability insurance provides protection from damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as medical services, attorney fees and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as rehabilitation expenses, dental work, nursing services, EMT expenses and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to 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

Comprehensive (Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as theft, hitting a deer and hail damage. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for collisions

Collision coverage will pay to fix damage to your i3 resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as rolling your car, crashing into a building, hitting a parking meter, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

This gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your BMW i3.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

In any little way, save everyday

Throughout this article, we presented a lot of information how to compare 2018 BMW i3 insurance car insurance rates online. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced auto insurance comes from a small mutual company.

When getting insurance coverage quotes online, never reduce coverage to reduce premium. Too many times, someone dropped uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

Consumers who switch companies do it for many reasons like denial of a claim, being labeled a high risk driver, policy non-renewal or even extreme rates for teen drivers. It doesn’t matter why you want to switch finding a great new company is not as hard as you think.

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