Searching for lower auto insurance rates for your BMW 3 Series? Do you think you bought an expensive auto insurance policy? You’re preaching to the choir because many consumers are in the same pinch.
You have multiple insurance companies to pick from, and although it’s a good thing to have a selection, it can be more challenging to find the lowest rates.
Choosing the best insurance company for you is quite easy. Basically, anyone who is required by state law to have auto insurance most likely will be able to cut their insurance bill. But car owners benefit from understanding how big insurance companies price online insurance and apply this information to your search.
Effectively comparing insurance prices can be exhausting if you aren’t aware of the best way to get rate quotes. You can spend your afternoon driving to insurance agencies in your area, or you can utilize the internet to accomplish the same thing much quicker.
Most car insurance companies belong to a marketplace that allows shoppers to complete one form, and at least one company then returns a price quote for coverage. This saves time by eliminating form submissions for every insurance company.
To enter your information into the quoting system, click to open in new window.
One minor caviat to pricing coverage this way is you are unable to specify which companies to get pricing from. So if you prefer to choose specific insurance companies to compare rates, we have assembled a list of low cost insurance companies in your area. Click to view list.
Whichever way you choose to compare rates, be sure you’re using the exact same coverage limits and deductibles for every quote you compare. If each company quotes different deductibles it will be very difficult to determine the best price for your BMW 3 Series. Having just a slight variation in coverage limits may result in large price differences. Just keep in mind that making a lot of price comparisons provides better odds of finding better pricing.
Insurance is neither fun to buy or cheap, but you might be missing out on some discounts that can dramatically reduce your bill. Certain reductions will be credited at the time of quoting, but some need to be specially asked for before being credited.
Policy discounts save money, but most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though you would think it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
If you would like to see a list of insurers who offer cheap insurance quotes, click this link.
When buying the right insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether or not you would benefit from an agent’s advice.
If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area.
Learning about specific coverages of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on the average auto insurance policy.
Collision coverages – Collision coverage covers damage to your 3 Series resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims like rolling your car, hitting a parking meter, crashing into a building, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.
Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your BMW 3 Series.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive protection – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like hail damage, vandalism, hitting a deer, fire damage and rock chips in glass. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as hospital visits, doctor visits, ambulance fees and chiropractic care. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Liability auto insurance – This can cover damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. 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 a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for claims like loss of income, medical services and attorney fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.