Save on 1991 BMW 8 Series Insurance Quotes

Trying to find better car insurance rates for your BMW 8 Series? Having to pay for pricey BMW 8 Series insurance can take a big chunk out of your savings account and possibly require you to analyze your spending habits. Doing a rate analysis is a smart way to ensure you are getting the best deal.

Due to the fact that there are so many companies to choose from, it can be diffult for drivers to pick the lowest price insurer.

Save a ton with these insurance discounts

Car insurance companies do not list all disounts very clearly, so we researched both well-publicized and the more hidden credits available to you. If you don’t get every credit possible, you are paying more than you should be.

• Good Student Discount – Getting good grades could provide a savings of up to 20% or more. The discount lasts until age 25.
• Sign Early and Save – Some insurance companies give discounts for buying a policy before your current policy expires. You may see this discount when you get car insurance quotes online.
• Discount for New Cars – Insuring a new car can cost up to 25% less since newer models have better safety ratings.
• Low Mileage Discounts – Driving less can earn lower rates on the low mileage vehicles.
• No Claims – Drivers who don’t have accidents can earn big discounts compared to drivers with a long claim history.
• Early Payment Discounts – If you pay your entire premium ahead of time as opposed to paying monthly you can avoid monthly service charges.
• Paperless Signup – A handful of larger companies provide a small discount shop car insurance digitally online.
• Military Discounts – Having an actively deployed family member may lower your prices slightly.

Keep in mind that some of the credits will not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

Popular insurance companies and their offered discounts are:

• 21st Century has discounts for automatic seat belts, anti-lock brakes, 55 and older, homeowners, good student, and air bags.
• State Farm includes discounts for passive restraint, good student, safe vehicle, defensive driving training, student away at school, multiple autos, and driver’s education.
• AAA may include discounts for pay-in-full, multi-car, AAA membership discount, multi-policy, anti-theft, education and occupation, and good driver.
• Liberty Mutual discounts include safety features, multi-policy, good student, multi-car, newly married, and newly retired.
• Progressive offers discounts for online quote discount, homeowner, online signing, multi-vehicle, good student, and continuous coverage.

If you need low cost car insurance quotes, ask every prospective company how many discounts you can get. Some discounts listed above might not apply everywhere. To see insurance companies that offer many of these discounts, click here to view.

Auto insurance can get complicated

When choosing proper insurance coverage, there really is not a single plan that fits everyone. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

• How much liability coverage do I need in my state?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Is there coverage for injuries to my pets?
• Do I pay less if my vehicle is kept in my garage?
• Does my 1991 BMW 8 Series need full coverage?
• Does my policy cover my teen driver if they drive my company car?
• What is roadside assistance coverage?
• Do I really need UM/UIM coverage?
• What companies insure drivers after a DUI or DWI?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Car insurance coverages for a BMW 8 Series

Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types available from insurance companies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as pain medications, chiropractic care and ambulance fees. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 1991 BMW 8 Series.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Auto collision coverage

This coverage will pay to fix damage to your 8 Series caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like backing into a parked car, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Liability car insurance

Liability coverage protects you from damage that occurs to people or other property by causing an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that translate to $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.

Liability coverage pays for things such as court costs, attorney fees, structural damage, loss of income and emergency aid. How much coverage you buy is up to you, but consider buying as much as you can afford.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, a tree branch falling on your vehicle and theft. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Pennies from heaven

Some companies may not provide rates over the internet small insurance companies prefer to sell through local independent agencies. Lower-priced auto insurance can be sourced online and from local agencies, so you need to compare both so you have a total pricing picture.

When searching for affordable car insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, consumers will sacrifice collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at the lowest possible cost while still protecting your assets.

Helpful resources

• Cellphones, Texting and Driving (iihs.org)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Credit and Insurance Scores (Insurance Information Insitute)
• Coverage Information (Progressive Insurance)