Lower Your 1994 BMW 3 Series Car Insurance Rates

Trying to find better insurance rates for your BMW 3 Series? Getting the cheapest insurance can seem to be intimidating for people who are beginners to quoting and price shopping online. With so many options of companies competing online, how are we expected to have time to compare each option to find the lowest price available?

Consumers should take time to get comparison quotes before your policy renews because insurance prices fluctuate regularly. Just because you found the lowest price for 3 Series coverage a couple years back you may be paying too much now. You can find a lot of misleading information regarding insurance on the internet, but you can learn the best ways to find affordable insurance.

Decisions you make can impact your insurance rates

Multiple criteria are used when you quote your car insurance policy. Most are fairly basic such as your driving record, but some are less obvious such as your credit history or your commute time.One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that go into determining your policy premiums. If you understand what controls the rates you pay, this helps enable you to make changes that can help you get much lower annual insurance costs.

  • Raising physical damage deductibles lowers rates – Comp and collision deductibles state the amount of money you are required to spend if the claim is covered. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. Examples of covered claims could be a windshield broken by a bird, vandalism, and damage from wind. The higher the amount the insured has to pay upfront, the bigger discount you will receive for 3 Series coverage.
  • Prevent coverage lapses – Having a gap between insurance policy dates can be a fast way to trigger a rate increase. In addition to paying higher premiums, not being able to provide proof of insurance could earn you fines and jail time. You could then be forced to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Your stress level may be raising your rates – Did you know your job can affect your rates? Careers such as military generalsairline pilots and emergency personnel tend to pay higher premiums than the average policyholder due to intense work-related stress and lots of time spent at work. Other careers such as professors, students and homemakers receive lower rates for 3 Series coverage.
  • Avoid traffic tickets – Even a single chargable violation can increase the cost of insurance to the point where it’s not affordable. Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. Drivers unfortunate enough to have serious tickets such as DUI or reckless driving are required to maintain a SR-22 with their state in order to legally drive.
  • Policy add-ons can waste money – Policies have add-on coverages that you can get tricked into buying but may not be useful. Coverages for personal injury protection, accident forgiveness, and membership fees may be wasting your money. You may think they are a good idea when talking to your agent, but your needs may have changed so remove them and pocket the money.

The quickest way to compare rate quotes is to know most insurance companies participate in online systems to give rate comparisons. To start a quote, the only thing you need to do is take a few minutes to give details such as the ages of drivers, types of safety features, how much school you completed, and how much you drive. That rating information gets sent immediately to many of the top insurers and they return quotes instantly.

If you would like to start a quote now, click here and see if a lower rate is available.

Ads can be misleading

Big name companies like Allstate, Geico and Progressive regularly use ads on TV and radio. All the companies have a common claim of big savings just by moving your policy. It sounds good, but how can they all charge less that you’re paying now? It’s all in how they say it.

All the different companies have an ideal profile for a prospective insured that earns them a profit. One example of a desirable risk may be a married male, owns a home, and the vehicle is rated for pleasure use. A propective insured who fits those characteristics will get a cheap rate quote and is almost guaranteed to save when switching.

Consumers who don’t meet those standards will see higher prices which translates to the customer not purchasing. The wording the ads use say “customers that switch” not “everyone that quotes” can save as much as they claim. This is how insurance companies can confidently make the claims of big savings.

Because every company is different, you really should compare quotes as often as possible. Because you cannot predict the company that will have the best auto insurance rates for your profile.

Find hidden discounts on auto insurance

Some insurers don’t necessarily list every disount available in an easy-to-find place, so we took the time to find both the well known and also the lesser-known credits that you can use to lower your rates.

  • ABS and Traction Control Discounts – Cars with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
  • Driver Education Discount – Require your teen driver to sucessfully take a drivers education course if offered at their school.
  • Multiple Vehicles – Buying a policy with several vehicles with the same company could earn a price break for each car.
  • Safety Restraint Discount – Requiring all passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Claim-Free Discount – Drivers with accident-free driving histories can earn big discounts in comparison to bad drivers.
  • Passive Restraint Discount – Factory options such as air bags could see savings of 20 to 30 percent.

Policy discounts save money, but some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you would end up receiving a 100% discount, it just doesn’t work that way.

To view auto insurance companies that can offer you the previously mentioned discounts, click here.

Tailor your insurance coverage to you

When it comes to buying proper insurance coverage, there is no perfect coverage plan. Each situation is unique.

Here are some questions about coverages that could help you determine if your situation could use an agent’s help.

  • Are split liability limits better than a combined single limit?
  • Should I get collision insurance on every vehicle?
  • Am I covered when driving someone else’s vehicle?
  • What is roadside assistance coverage?
  • Is my babysitter covered when using my vehicle?
  • Do I need rental car coverage?
  • How much liability insurance is required?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Information about specific coverages

Understanding the coverages of a insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.


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

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like structural damage, emergency aid, attorney fees, funeral expenses and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as nursing services, pain medications and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Comprehensive or Other Than Collision

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, damage from a tornado or hurricane, vandalism, rock chips in glass and damage from getting keyed. The most a 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 consider removing comprehensive coverage.

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision protection

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, rolling your car, scraping a guard rail and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Be Smart and Buy Smart

When you buy auto insurance online, you should never buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced physical damage coverage only to regret that the small savings ended up costing them much more. Your aim should be to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.

In this article, we presented a lot of techniques to save on 1994 BMW 3 Series insurance. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the best price on insurance is with a lesser-known regional company.

Cheap 1994 BMW 3 Series insurance is available both online as well as from insurance agents, so you need to quote auto insurance with both to have the best chance of lowering rates. Some insurance companies do not provide the ability to get quotes online and many times these smaller companies sell through independent insurance agencies.

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Comments About 1994 BMW 3 Series Insurance

  1. Branda Woods

    From Wichita, KS. Received prices from Amica, Mercury, and a few others for my BMW and am saving around $100 a year. Was with Farmers. Still almost need a second mortgage.

  2. Eliz Hardy

    Live in the southern part of Sioux Falls, SD. I got free quotes with State Farm, American Family, and some I forget for my 1994 BMW 3 Series and I’m now saving $12 a month. Thankfully I’m not a high risk driver. :P Full coverage costs too much.

  3. Margarete Church

    From a town just southwest of Lexington, Kentucky. Quoted with Amica, Safeco, and a few others for my 3 Series and saved about $90 a year. Thankfully I’m not a high risk driver. It’s too old for full coverage.

  4. Corina Garza

    If you’re a decent driver and live in the vicinity of Mesa, AZ, check out Progressive. I saved quite a bit. Left Nationwide to switch. BTW speeding tickets are not good.

  5. Haley Rosario

    Can I get replacement cost coverage for a 1994 BMW 3 Series?

  6. Gay Cote

    IT’S ALL TOO EXPENSIVE! I live in a small town just outside of Kansas City, KS. I quoted with Progressive, American Family, and Farmers for my 3 Series and saved $103 a year. Was with AAA. Highly recommended.

  7. Brenda Barnes

    I compared a lot of rate quotes for a 1994 BMW 3 Series in Salt Lake City, UT. Ended up at darn near $70 every six months with Amica. Left Mercury to switch. I have several vehicles insured with them. LOL

  8. Neida Schmidt

    I’m in the north part of Montgomery, Alabama and for me 21st Century had the lowest quote. I’m thinking about dropping full coverage though.

  9. Minnie Morrison

    Good detail in your article. I’m just north of Bismarck, ND. I got free prices from Amica, MetLife, and USAA for my BMW and saved just over $60 a year.

  10. Theresia Schmidt

    Enjoyed the article. I’m in the south part of Jacksonville, FL. I got free quotes with Progressive, Hartford, and Eastwood for my 3 Series and saved $114 a year. Insured with Farmers before.

  11. Allie Mayo

    I’m just south of Providence, Rhode Island. Got quotes with AIG Insurance, Sentry, and Travelers for my 1994 BMW 3 Series and I think I am saving around $30 each month. Left USAA to switch. Have a couple speeding tickets too. Just go online and compare their rates. Just liability coverage since it’s getting old.

  12. Dorine Odom

    Cheap is relative. From northwest of Dallas, Texas. I quoted with State Farm, Amica, Eastwood, and GMAC for my BMW and saved $95 a year. I get multi-vehicle and multi-policy discounts. I got a quote from their website.