BMW 3 Series Insurance Rates

Finding cheaper car insurance by comparing rates online is easy, plus you can save money. The key is getting rates from all companies in order to have all your choices.

Consumers who are new to the process of buying insurance may think shopping for low-cost 3 Series insurance is going to be difficult. There are several ways to compare rate quotes from different insurance companies. The fastest way to compare 3 Series insurance quotes is to perform an online rate comparison. This can be done by comparing rates here.

Premiums are calculated by these things

Car insurance premiums on a BMW 3 Series can be significantly different based upon several criteria. Including but not limited to:

Your driving record
Better credit means lower rates
The size of your community
The number of annual miles
Male drivers pay higher rates
Deductible amount directly impacts your rate
Crash test rating for your 3 Series
Your occupation
The level of coverage
Home ownership saves money

An additional factor which can affect 3 Series insurance rates is the year of the vehicle. Models that are a few years old have a lower value than newer models so the cost to replace them will push premiums down. Conversely, new BMW models may have safety features such as a backup camera, dual-stage airbags, and an advanced theft deterrent system that may help lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so you should buy as large an amount as possible.

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder. Collision coverage for your 3 Series can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage. The highest amount your car insurance company will pay is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other drivers when they either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as EMT expenses, pain medications, and nursing services. They are often used in conjunction with a health insurance policy or if you do not have health coverage. PIP is not universally available and gives slightly broader coverage than med pay.

How Much are BMW 3 Series Insurance Rates?