Lower Your 1993 BMW 7 Series Insurance Quotes

Comparing insurance coverage quotes online can seem difficult if you are like most people and have never completed online price comparisons. But don’t be confused because there is an easy way to compare rates.

Shop insurance online

Most larger insurance companies such as Geico, State Farm and Progressive provide coverage prices directly from their websites. Getting prices online is pretty painless as you just type in the amount of coverage you want into a form. Once entered, their system will obtain reports for credit and driving violations and gives you a price quote based on these factors.

Online quotes makes comparing rates easy, but having to visit different websites and enter the same data into a form gets old quite quickly. Unfortunately, it is important to have as many quotes as possible in order to get better insurance pricing.

A better way to get multiple rate quotes uses just one form that analyzes rates from several different companies. The form is fast, eliminates form submissions, and makes quoting online much more enjoyable. As soon as the form is sent, it is rated and you can choose any or none of the pricing results.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. The whole process just takes a couple of minutes and may save quite a bit of money.

To quickly use this form to compare rates, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you replicate the insurance coverages just like they are on your policy. This guarantees you are getting rate comparison quotes using the same coverage and limits.

More affordable rates with these car insurance discounts

Some insurers do not list every available discount very well, so the next list breaks down some of the more common and also the lesser-known credits that you can use to lower your rates.

• Distant Student – Older children living away from home attending college and leave their car at home may be able to be covered for less.
• Discount for Low Mileage – Low mileage vehicles may enable drivers to earn substantially lower prices.
• Auto/Life Discount – Larger insurance carriers have a discounted price on car insurance if you buy a life policy as well.
• Discount for Passive Restraints – Vehicles equipped with air bags could see savings of 25 to 30%.
• Government Employees – Simply working for the federal government could qualify for a slight premium decrease on 7 Series coverage depending on your car insurance provider.
• Good Student Discount – A discount for being a good student could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
• Discount for Multiple Policies – If you combine your auto and home policies and place coverage with the same company they may give you a discount of up to 20% and get you affordable insurance coverage.
• Service Members Pay Less – Being deployed in the military can result in better car insurance rates.
• Pay Now and Pay Less – If paying your policy premium upfront as opposed to paying monthly you may have a lower total premium amount.
• Safety Course Discount – Completing a defensive driver class could earn you a small percentage discount if you qualify.

Discounts lower rates, but most of the big mark downs will not be given the the whole policy. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like you can get free auto insurance, insurance companies wouldn’t stay in business.

Popular car insurance companies and a summarized list of policyholder discounts are detailed below.

• State Farm may offer discounts for defensive driving training, multiple autos, multiple policy, safe vehicle, Steer Clear safe driver discount, and good student.
• Liberty Mutual may have discounts that include teen driver discount, safety features, multi-car, new graduate, new vehicle discount, newly married, and new move discount.
• American Family policyholders can earn discounts including good driver, air bags, good student, mySafetyValet, bundled insurance, and multi-vehicle.
• Progressive discounts include multi-vehicle, multi-policy, good student, homeowner, and online signing.
• Farmers Insurance has discounts for switch companies, homeowner, good student, teen driver, and multi-car.
• Auto-Owners Insurance has savings for teen driver, paid in full, mature driver, group or association, air bags, paperless, and anti-lock brakes.
• SAFECO may include discounts for anti-lock brakes, accident prevention training, anti-theft, drive less, and safe driver.

Before purchasing a policy, check with all the companies to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in your area. To see a list of insurance companies that provide some of the discounts listed above, follow this link.

Why your insurance costs might be higher

Part of the car insurance buying process is learning a few of the rating criteria that come into play when calculating the level of your policy premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that could help you find lower car insurance prices.

The itemized list below are some of the most common factors used by companies to determine prices.

• Consider raising coverage deductibles – Physical damage coverage, also called comprehensive and collision insurance, protects your BMW from damage. Some coverage claims are a broken windshield, vandalism, and having your car stolen. The deductibles tell how much you are required to spend out-of-pocket before your car insurance pays a claim. The more damage repair cost you have to pay, the lower your rates will be on 7 Series coverage.
• Demanding job may mean higher rates – Did you know your occupation can influence how much you pay for car insurance? Occupations like real estate brokers, architects and financial analysts tend to have higher rates than average in part from intense work requirements and lengthy work days. On the other hand, occupations like scientists, historians and performers pay lower than average rates on 7 Series coverage.
• Rental and towing coverage may not be needed – Insurance policies have a lot of extra coverages that can waste your money if you aren’t careful. Insurance for things like roadside assistance, towing coverage, and term life insurance could be just wasting money. They may seem like a good idea when you first buy your policy, but if they’re wasting money get rid of them and save.
• Where you reside plays a part – Being located in small towns and rural areas has definite advantages when trying to find low car insurance rates. Lower population translates into fewer accident claims as well as less vandalism and auto theft. People who live in big cities have traffic congestion and much longer commute distances. More time behind the wheel statistically corresponds to a higher accident and claim rate.
• Claim-free discounts can add up – Car insurance companies award cheaper rates to people that do not abuse their auto insurance. If you tend to file frequent claims, you can definitely plan on much higher rates or policy non-renewal. Insurance coverage is designed for larger claims.
• Pay more by driving carelessly – Only having one speeding ticket or other violation could increase your next policy renewal forty percent or more. Drivers with clean records tend to pay less for car insurance than bad drivers. Drivers who have severe violations like DUI, reckless driving or excessive speeding may be required to submit a SR-22 form to the state department of motor vehicles in order to legally drive a vehicle.
• Poor credit score equals high premiums – A driver’s credit score can be an important factor in your rate calculation. Insureds that have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with worse credit. If your credit score could use some work, you could save money insuring your 1993 BMW 7 Series by improving your credit score.

Insurance can get complicated

When it comes to buying the right insurance coverage, there is no best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that might point out whether or not you would benefit from professional advice.

• When does my teenage driver need to be added to my policy?
• How do I buy GAP insurance?
• Will I lose any money if I cancel my policy before it expires?
• Should I bundle my homeowners policy with my auto?
• Do I need an umbrella policy?
• What exactly is covered by my policy?
• Do I need PIP coverage since I have good health insurance?
• Is extra glass coverage worth it?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Insurance coverage considerations

Having a good grasp of your policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your BMW 7 Series.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like chiropractic care, X-ray expenses, rehabilitation expenses, doctor visits and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision insurance

This coverage will pay to fix damage to your 7 Series 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 such as colliding with another moving vehicle, colliding with a tree and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix 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.

Comprehensive insurance covers claims like damage from a tornado or hurricane, a broken windshield and fire damage. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

This coverage will cover damages or injuries you inflict on other people or property. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as medical expenses, pain and suffering, repair costs for stationary objects, repair bills for other people’s vehicles and loss of income. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Smart shoppers get results

We’ve covered a lot of tips how to compare 1993 BMW 7 Series insurance premium rates online. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a smaller regional carrier.

Discount 1993 BMW 7 Series insurance is possible from both online companies in addition to many insurance agents, so you need to quote insurance coverage with both to have the best rate selection. Some companies do not provide rate quotes online and usually these regional insurance providers sell through independent agents.

Drivers who switch companies do it for many reasons like delays in responding to claim requests, high prices, poor customer service and unfair underwriting practices. No matter why you want to switch, finding a new insurance coverage company can be easy and end up saving you some money.

More tips and info about insurance coverage can be read in these articles:

• Determing Auto Insurance Rates (Geico)
• Teen Driving and Texting (State Farm)
• Understanding Car Crashes Video (iihs.org)
• Teen Driving Statistics (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)