1991 BMW 3 Series Car Insurance Rates

Sick and tired of paying out the nose to keep your car insured? Your situation is no different than many other consumers. Insurance companies such as Allstate, Progressive and Geico persitently shower you with ad campaigns and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.

It is always a good idea to compare prices every six months due to the fact that insurance prices change regularly. Even if you got the best rate for 3 Series coverage at your last renewal there is a good chance you can find better premium rates now. There is a lot of bad advice regarding insurance on the internet, but I’m going to show you some great ideas on how to find affordable insurance.

If you have insurance now or are just looking to switch companies, you can follow these tips to get lower rates while maximizing coverage. Finding the best rates is not that difficult. Vehicle owners only need to know the most effective way to find the lowest price on the web.

Lower rates by qualifying for discounts

Some companies do not list all possible discounts in a way that’s easy to find, so the below list has both well-publicized and also the more inconspicuous discounts that you may qualify for.

• Senior Discount – If you’re over the age of 55, you could receive better insurance coverage rates for 3 Series coverage.
• Theft Deterent Discount – Vehicles that have factory anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
• Air Bag Discount – Vehicles equipped with air bags could see savings of 25 to 30%.
• Good Student – Getting good grades could provide a savings of up to 20% or more. The discount lasts well after school through age 25.
• Waiver for an Accident – Not really a discount, but some companies like Progressive, State Farm and Geico 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 set time period.
• Claim-Free Discount – Drivers who don’t have accidents can earn big discounts when compared to frequent claim filers.
• Active Military Service – Having an actively deployed family member may qualify for rate reductions.
• Clubs and Organizations – Having an affiliation with qualifying employment or professional organizations can get you a small discount when shopping for insurance coverage.
• Safety Course Discount – Taking part in a safe driver course could earn you a small percentage discount and easily recoup the cost of the course.

Keep in mind that most discounts do not apply the the whole policy. A few only apply to the cost of specific coverages such as comp or med pay. So even though you would think all the discounts add up to a free policy, you aren’t that lucky. But any discount should definitely cut your insurance coverage premiums.

If you would like to choose from a list of insurers that have a full spectrum of discounts, click here.

Compare auto insurance quotes online

There are multiple methods to compare auto insurance prices but one way is less labor-intensive and much quicker. You could spend your day discussing policy coverages with local insurance agents in your area, or you can utilize online quoting to achieve your goal.

The majority of car insurance companies are enrolled in a marketplace that allows shoppers to enter their policy data once, and at least one company provides a quote. This prevents consumers from doing form submissions for each company.

To compare rates using this form now click to open in new window.

The one disadvantage to using this type of system is you don’t know exactly the insurers to get pricing from. So if you want to choose specific insurance companies to compare, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.

The approach you take is up to you, just double check that you are using the exact same coverages for each quote you get. If each company quotes different liability limits you will not be able to determine which company has the best rates.

How insurance companies determine BMW 3 Series insurance premiums

One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that go into determining your premiums. When you understand what determines premiums, this enables informed choices that can help you get much lower annual insurance costs.

• What are good liability insurance limits? – A critical coverage on your policy, liability insurance will afford coverage if ever you are found to be at fault for causing personal injury or damage in an accident. Liability provides legal defense which can be incredibly expensive. Liability is cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Bad credit hurts insurance prices – A driver’s credit history will be a significant factor in determining what you pay for auto insurance. Therefore, if your credit history is lower than you’d like, you could be paying less to insure your 1991 BMW 3 Series by improving your rating. People with excellent credit scores tend to be less risk to insure than those with lower credit scores.
• Multiple policies with one company – Lots of insurance companies allow a discount to people that buy multiple policies. It’s known as a multi-policy discount. Discounts can be ten percent or more. Even with this discount, drivers will still want to get quotes from other companies to ensure the best deal.
• Don’t abuse insurance claims – If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance companies generally give better rates to insureds who do not file claims often. Your insurance policy is designed for more catestrophic claims.
• Coverage lapses lead to higher rates – Driving without insurance coverage in place can get your license suspended and as a result your rates will increase for letting your insurance lapse for non-payment. And not only will your rates increase, getting caught without coverage could result in a hefty fine and possibly a revoked license. You could then be forced to file a SR-22 with your state motor vehicle department to get your license reinstated.

Car insurance is unique, just like you

When choosing the best car insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions can help discover whether you would benefit from an agent’s advice.

• Can I make deliveries for my home business?
• How can I force my company to pay a claim?
• Should I put collision coverage on all my vehicles?
• Am I covered if I wreck a rental car?
• Is my ex-spouse still covered by my policy?
• Why is insurance for a teen driver so high?
• I don’t drive much so do I pay less?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Do you really save 40% when you switch?

Consumers constantly see and hear ads for insurance coverage savings by Progressive, Allstate and Geico. All the companies make the same claim that drivers can save some big amount if you change your coverage to them.

How does every insurance coverage company charge lower premium rates? This is how they do it.

Insurance companies have specific characteristics for the right customer they prefer to insure. For instance, a desirable risk may need to be over the age of 40, has a low-risk occupation, and chooses high deductibles. Any new insured who meets those qualifications gets the lowest prices and will most likely cut their rates if they switch.

Insureds who don’t qualify for these stringent criteria will see a higher rate which leads to the prospect going elsewhere. If you listen to the ad wording, they say “customers who switch” but not “everyone who gets a quote” save that kind of money. That is how insurance companies can make it sound like they have such great prices.

This emphasizes why you really should get as many free car insurance quotes as possible. Because you never know which insurance companies will fit your personal profile best.

Detailed coverages of your insurance policy

Learning about specific coverages of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, damage from flooding, fire damage, theft and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverages

Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like attorney fees, loss of income, structural damage, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 1991 BMW 3 Series.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage

Collision insurance pays for damage to your 3 Series resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like damaging your car on a curb, hitting a parking meter, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like prosthetic devices, pain medications, EMT expenses, chiropractic care and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

More effort can pay off

A few companies may not have online quoting and these regional insurance providers work with independent agencies. Cost effective 1991 BMW 3 Series insurance can be purchased from both online companies and also from your neighborhood agents, so you need to compare both to have the best selection.

While you’re price shopping online, do not buy poor coverage just to save money. There are many occasions where consumers will sacrifice physical damage coverage and learned later that they should have had better coverage. The ultimate goal is to purchase plenty of coverage at the best possible price while still protecting your assets.

More tips and info about insurance is located by following these links:

• Winter Driving (Insurance Information Insitute)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)