1992 BMW 3 Series Car Insurance Quotes – 6 Tips for Best Rates

Frustrated by the dozens of insurance coverage providers available to you? People have so many choices that it can easily turn into a real difficult job to find lower rates.

Smart consumers take time to compare rates once or twice a year because insurance coverage prices are usually higher with each renewal. Just because you had the lowest price for 3 Series coverage a few years ago the chances are good that you can find a lower rate today. You can search a lot of insurance coverage on the internet, but in this article, you’re going to get some excellent ideas to save money.

Finding the best rates is quite easy. Essentially everyone who shops for insurance stands a good chance to be able to cut their insurance bill. Although drivers benefit from understanding how big insurance companies compete online and apply this information to your search.

Are you earning every discount?

Insurance can be prohibitively expensive, but you might be missing out on some discounts that may help make it more affordable. Some discounts will apply at the time of purchase, but some discounts are required to be inquired about prior to getting the savings. If you don’t get every credit you deserve, you could be paying more than you need to.

  • Air Bags and Passive Restraints – Vehicles with factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Claim-Free Discount – Insureds with no claims or accidents pay less as compared to policyholders that have many claims.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Homeowners Pay Less – Owning your own home or condo can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Discounts for Good Drivers – Drivers without accidents may save up to 50% more for 3 Series coverage than drivers with accident claims.
  • Memberships – Participating in a civic or occupational organization could qualify you for a break when shopping for insurance.

You can save money using discounts, but most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, you aren’t that lucky. But all discounts will definitely lower your insurance premiums.

Larger insurance companies and some of the discounts are:

  • Geico offers discounts for membership and employees, defensive driver, five-year accident-free, good student, multi-policy, and multi-vehicle.
  • Travelers may include discounts for driver training, good student, new car, multi-policy, and hybrid/electric vehicle.
  • Farm Bureau has savings for youthful driver, multi-vehicle, safe driver, renewal discount, multi-policy, driver training, and 55 and retired.
  • Liberty Mutual offers premium reductions for new vehicle discount, multi-car, good student, newly married, new graduate, and hybrid vehicle.
  • American Family may have discounts that include good driver, defensive driver, early bird, TimeAway discount, bundled insurance, and mySafetyValet.
  • Progressive offers discounts including online signing, multi-vehicle, continuous coverage, online quote discount, good student, multi-policy, and homeowner.

When quoting, ask each company or agent which credits you are entitled to. Some discounts may not apply in your area. To find insurers that offer the discounts shown above, click here.

When in doubt talk to an agent

When it comes to choosing the right insurance coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • Can I rent a car in Mexico?
  • Who is covered when they drive my 1992 BMW 3 Series?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Where can I find high-risk insurance?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • What discounts do I qualify for?
  • If I drive on a suspended license am I covered?
  • If my pet gets injured in an accident are they covered?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Car insurance coverages for a 1992 BMW 3 Series

Learning about specific coverages of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for hospital visits, X-ray expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays for damage to your 3 Series resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with another moving vehicle, rolling your car, hitting a mailbox, crashing into a ditch and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, hitting a bird, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.


Liability coverage provides protection from damage that occurs to other’s property or people in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like medical services, repair costs for stationary objects and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 3 Series.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Pennies from heaven

As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped comprehensive coverage or liability limits and found out when filing a claim that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at the best cost, but do not skimp to save money.

Insureds switch companies for any number of reasons including extreme rates for teen drivers, lack of trust in their agent, questionable increases in premium or policy cancellation. It doesn’t matter what your reason, choosing a new insurance company is less work than it seems.

Cheaper 1992 BMW 3 Series insurance is definitely available online as well as from insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not offer rates over the internet and these regional insurance providers prefer to sell through independent agents.

Even more information is located in the articles below:

Comments About 1992 BMW 3 Series Insurance

  1. Ivory Moss

    If you’re around Fairbanks, AK try Allstate and GEICO and see which is cheaper.

  2. Joan Peters

    When do I drop full coverage?

  3. Malik Lucas

    If you don’t have tickets and live near Seattle, WA, check out Progressive. They seem to be cheaper. I have kids on my policy, too. I don’t have comp or collision coverage.

  4. Dennis Wheeler

    I live on the north side of Warwick, RI. Quoted a bunch of companies. Saved right around $20 a month. State Farm was the best choice for me. Was with GEICO. Hardly afford to drive anymore. Only insure liability on my 3 Series.

  5. Seth Lewis

    Checking in from Henderson, NV. I got free prices from GEICO, Amica, Encompass, and Hartford for my BMW and saved just over $110 a year. Hardly afford to drive anymore. I think I’ll get rid of full coverage next time.

  6. Shera Whitaker

    In Dover, DE, GEICO auto insurance rates for my 1992 BMW 3 Series were good. My new agent seems to be really good. Just waiting to see how claims go. I don’t have comp or collision coverage.

  7. Brenton Decker

    I’m looking for cheaper coverage. I’m in Columbus, GA. Don’t remember every company but I ended up saving about $10 each month. Insured with GEICO before. :P I don’t insure for physical damage though.

  8. Ardelia Campos

    I’m in Provo, UT, and Allstate rates were affordable. Switched homeowners coverage too.

  9. Jacalyn Paul

    I live in Virginia Beach, Virginia. I quoted with GEICO, Auto-Owners, Encompass, and The General for my BMW and saved $72 a year. Teenage drivers are expensive! I think I’ll get rid of full coverage next time.

  10. Keva Johnston

    Like your site, BTW. Live in Albuquerque, New Mexico. Got car insurance prices from Allstate, The General, and Farmers for my 1992 BMW 3 Series and I think I saved around $20 each month. Was with Encompass. I’m a pretty low risk driver. Did it all online. I only have liability coverage on it.

  11. Lachelle Pollard

    Cheap is not always the best policy. I live west of Lewiston, Maine. Quoted prices online for a 1992 BMW 3 Series. Ended up at about $120 savings annually. Went with Allstate. Insured with Hanover before. You can get a rate quote online.

  12. Sharan Chandler

    I’m in the suburbs of Provo, UT. Got car insurance prices from Amica, Nationwide, and some smaller one I can’t remember the name of for my BMW and saved just over $80 a year. Insured with Erie before. I get lower rates because of my clean driving record.