Compare 1995 BMW 8 Series Car Insurance Quotes

Shoppers have a choice when shopping for low-cost BMW 8 Series insurance. You can either spend your time driving around getting price quotes or use the internet to find the lowest rates. There are more efficient ways to find car insurance online and we’ll show you the absolute fastest way to price shop coverage for your BMW and find the lowest possible price from both online companies and local agents.

It’s a great practice to compare prices on a regular basis since insurance prices fluctuate regularly. Despite the fact that you may have had the best deal on 8 Series coverage six months ago you can probably find a lower rate today. You can find a lot of wrong information about car insurance on the web, but by reading this article, you’re going to learn some guaranteed methods to stop overpaying for insurance.

Choosing the best insurance company for you is not that difficult. If you currently have a car insurance policy, you should be able to cut costs considerably using this information. Vehicle owners just need to learn the proper methods to buy insurance online.

The cheapest insurance

Finding cheaper 1995 BMW 8 Series insurance rates isn’t really that difficult. The only thing you need to do is take time comparing free auto insurance quotes provided by online insurance companies. You can get a good selection of rate quotes in a couple of different ways.

• The simplest way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This form prevents you from having to do separate quotation requests for each company you want a rate for. One quote request will get you price quotes from multiple low-cost companies. This is by far the quickest method.
• Another way to get comparison quotes requires you to visit the website for each individual company and fill out a new quote form. For examples sake, we’ll pretend you want to view quotes from Farmers, Allstate and Progressive. You would have to visit each site and enter your information, which is why most consumers use the first method.

  For a list of links to insurance companies in your area, click here.

However you get your quotes, try to use identical coverage data with each company. If you have unequal deductibles or liability limits you will not be able to determine which company has the best rates.

Big names are not always cheapest

Consumers get pounded daily by advertisements that promise big savings for switching from companies such as Progressive, Geico, Allstate and State Farm. All the ads make the point of big savings if you move your coverage to them.

That’s great but how can every company offer drivers better rates? It’s all in how they say it.

All the different companies require specific criteria for the type of driver that makes them money. For example, a preferred risk might be between 30 and 50, has no tickets, and drives a lower-performance vehicle. A propective insured that fits those parameters will probably get the lowest car insurance rates and will save money with a new company.

Potential customers who do not match the ideal profile may receive more expensive rates which results in business not being written. Company advertisements say “drivers that switch” but not “all drivers who get quotes” save money. This is how companies can truthfully lure you into getting a quote. This really emphasizes why you need to do a rate comparison at every renewal. You cannot predict with any certainty which company will provide you with the cheapest premium rates.

Insurance cost influencing factors

Lots of things are part of the equation when you get a price on insurance. Most are fairly basic such as your driving history, but other factors are more transparent like where you live or your commute time.

The factors shown below are just a few of the factors auto insurance companies consider when setting your premiums.

• Is car insurance cheaper for males or females? – Statistics show females are less aggressive when driving. The data does not necessarily mean that females are better drivers. They both are in auto accidents at about the same rate, but the males have accidents that have higher claims. Not only are claims higher, but men receive more costly citations like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident so it costs more to insure them.
• Deter vehicle theft – Owning a car that has a built-in theft deterrent system can save you some money. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.
• Premiums increase with driving tickets – Whether or not you get tickets has a big impact on rates. Attentive drivers receive lower rates than people who have multiple driving citations. Just one speeding ticket or other violation can increase the cost of insurance by twenty percent. Drivers who have license-revoking citations such as DUI or willful reckless driving may be required to prove financial responsibility with their state motor vehicle department in order to legally drive.
• Never allow your coverage to lapse – Driving without insurance is illegal and your next policy will cost more because you let your insurance expire. And not only will insurance be more expensive, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
• Good credit equals lower premiums – A driver’s credit history can be a huge factor in calculating your premium rate. So if your credit can be improved, you could save money insuring your 1995 BMW 8 Series by repairing your credit. Drivers who have very good credit scores tend to file fewer claims than drivers with lower ratings.
• Policy add-ons could be costing you – There are many optional add-on coverages that can waste your money if you aren’t careful. Coverage for things like personal injury protection, high-cost glass coverage, and extra life insurance coverage are examples of these. They may seem like a good idea initially, but if they’re wasting money remove them from your policy.
• Lower rates by increasing coverage deductibles – The deductibles you choose state the amount of money you are willing to pay before a claim is paid by your company. Coverage for physical damage, also called ‘full coverage’, is used to repair damage to your car. Some examples of claims that would be covered could be a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The higher the amount you pay before a claim is paid (deductible), the less your company will charge you for insurance on 8 Series coverage.

Take policy discounts and save

Insurance can be prohibitively expensive, but there’s a good chance there are discounts to reduce the price significantly. A few discounts will automatically apply when you get a quote, but some must be asked for prior to receiving the credit.

• Anti-lock Brake Discount – Vehicles that have steering control and anti-lock brakes are much safer to drive and the ABS can save up to 10%.
• Air Bags and Passive Restraints – Options like air bags or motorized seat belts can qualify for discounts as much as 30%.
• Discounts for New Vehicles – Buying coverage on a new vehicle can save you some money compared to insuring an older model.
• Discount for Multiple Policies – If you can combine your homeowners and auto policy and insure them both with the same insurance company you may save at least 10 to 15 percent or more.
• Early Switch Discount – A few larger companies allow discounts for switching companies early. You may see this discount when you get auto insurance quotes online.
• Senior Discount – Drivers over the age of 55 may qualify for a discount up to 10% on 8 Series coverage.
• Defensive Driving Course – Passing a course that instructs on driving safety can save you 5% or more and also improve your driving technique.
• Own a Home and Save – Owning a home can earn you a little savings due to the fact that maintaining a home is proof that your finances are in order.
• Discounts for Government Workers – Simply working for the federal government could qualify for a slight premium decrease on 8 Series coverage but check with your company.

Keep in mind that some credits don’t apply to your bottom line cost. The majority will only reduce individual premiums such as comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, it’s just not the way it works.

A few popular companies and some of the premium reductions they offer are outlined below.

• State Farm includes discounts for passive restraint, student away at school, good driver, anti-theft, driver’s education, good student, and Steer Clear safe driver discount.
• Esurance offers premium reductions for emergency road assistance, multi-policy, anti-lock brakes, claim free, Pac-12 alumni, good student, and online shopper.
• Progressive may offer discounts for good student, online signing, multi-policy, homeowner, and continuous coverage.
• Liberty Mutual policyholders can earn discounts including multi-car, safety features, new graduate, exclusive group savings, new vehicle discount, hybrid vehicle, and newly retired.
• Auto-Owners Insurance may include discounts for anti-theft, safe driver, teen driver, paperless, good student, and multi-policy.
• Geico discounts include military active duty, five-year accident-free, anti-theft, driver training, anti-lock brakes, defensive driver, and multi-policy.

When comparing rates, check with all the companies which credits you are entitled to. Depending on the company, some discounts might not be offered on policies in your area. To see a list of companies with discount insurance coverage rates, follow this link.

Which policy gives me the best coverage?

When it comes to choosing the right insurance coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can help discover if you will benefit from professional help.

• Is my cargo covered for damage or theft?
• What is an SR-22 filing?
• Is my custom paint covered by insurance?
• How can I get high-risk coverage after a DUI?
• Do I need medical payments coverage since I have good health insurance?
• Is my trailer covered?
• Is my camper covered by my car insurance policy?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form. It is quick, free and can help protect your family.

Car insurance policy coverages for a BMW 8 Series

Knowing the specifics of your policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

This gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and damage to your BMW 8 Series.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Collision insurance

This coverage covers damage to your 8 Series resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as backing into a parked car, damaging your car on a curb, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Coverage for medical expenses

Med pay and PIP coverage kick in for short-term medical expenses for prosthetic devices, dental work and ambulance fees. They can be used to fill the gap from your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Comprehensive car insurance

This pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from flooding, hitting a deer, vandalism and falling objects. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability

Liability insurance protects you from damage that occurs to people or other property in an accident. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as bail bonds, pain and suffering and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Smart consumers save more

As you go through the steps to switch your coverage, don’t be tempted to buy poor coverage just to save money. There are many occasions where an insured cut liability limits or collision coverage and discovered at claim time that it was a big mistake. Your objective should be to buy enough coverage at the best price, not the least amount of coverage.

Insureds leave their current company for a variety of reasons including extreme rates for teen drivers, policy cancellation, lack of trust in their agent or even questionable increases in premium. Whatever your reason, switching insurance coverage companies can be easier than you think.

We just showed you a lot of techniques to compare 1995 BMW 8 Series insurance premium rates online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your prices. Consumers could even find that the best premium rates are with some of the smallest insurance companies.

More tips and info about insurance coverage can be read at these sites:

• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Five Mistakes to Avoid (Insurance Information Insitute)