1996 BMW 8 Series Insurance Rates – 7 Tricks for Cheapest Quotes

No normal person likes having to buy car insurance, especially when they know they are paying too much.

Drivers have so many insurers to choose from, and although it’s nice to have a selection, too many choices makes it more difficult to find the lowest cost provider.

Compare insurance quotes

Most larger insurance companies like Geico, State Farm and Progressive allow consumers to get insurance quotes online. Comparing prices online is quite simple as you simply type in your coverage preferences on the page. Once entered, the system will order credit information and your driving record and generates a price based on many factors. This makes it easy to compare insurance prices but having to visit many different websites and enter the same data into a form is repetitive and time-consuming. But it’s also necessary to perform this step if you want to find better insurance pricing.

The easy way to compare rates

The easiest way to lower your rates utilizes a single form that obtains quotes from a lot of companies. It’s a real time-saver, reduces the work, and makes online quotes much more efficient. After sending your information, your coverage is rated and you can select your choice of the resulting price quotes.

If you find a better price it’s easy to complete the application and purchase the new policy. This process takes 15 minutes at the most and you’ll know if lower rates are available.

To save time and use this form to compare rates, simply click here to open in new window and input your coverage information. If you have coverage now, it’s recommended you duplicate identical to your current policy. This guarantees you will get a rate comparison for the exact same coverage.

Auto insurance companies offer lots of discounts

Companies offering auto insurance don’t necessarily list the complete list of policy discounts very well, so the next list breaks down both the well known and also the more inconspicuous auto insurance savings. If they aren’t giving you every credit you qualify for, you are throwing money away.

• No Accidents – Good drivers with no accidents pay much less in comparison with frequent claim filers.
• Clubs and Organizations – Affiliation with qualifying clubs or civic groups could trigger savings on your bill.
• Senior Discount – If you qualify as a senior citizen, you may be able to get reduced rates for 8 Series coverage.
• Theft Deterent Discount – Cars, trucks, and SUVs that have factory anti-theft systems prevent vehicle theft and will qualify for a discount on a insurance quote.
• Military Deployment Discount – Being on active deployment in the military may lower your prices slightly.
• Multi-line Discount – Larger insurance carriers have lower rates if you buy a life insurance policy as well.
• Sign Early and Save – Select larger companies give a discount for switching companies prior to the expiration date on your current policy. It’s a savings of about 10%.

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Even though it appears you could get a free auto insurance policy, you won’t be that lucky. But any discount will help reduce your premiums.

To locate companies who offer auto insurance discounts, click here.

Do I just need basic coverages?

When it comes to buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help you determine whether your personal situation would benefit from professional advice.

• Do I need roadside assistance coverage?
• If my 1996 BMW 8 Series is totaled, can I afford another vehicle?
• If I drive on a suspended license am I covered?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Does coverage extend to a rental car in a foreign country?
• Who is covered when they drive my 1996 BMW 8 Series?
• How can I force my company to pay a claim?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Auto insurance coverage considerations

Knowing the specifics of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages available from auto insurance companies.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1996 BMW 8 Series.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liablity limits.

Comprehensive coverage

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, hitting a deer and a tree branch falling on your vehicle. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like surgery, chiropractic care and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Auto collision coverage

Collision insurance covers damage to your 8 Series resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like rolling your car, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on people or other property that is your fault. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as legal defense fees, emergency aid, loss of income and funeral expenses. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Feed the piggy bank

In this article, we presented many ideas to save on 1996 BMW 8 Series insurance. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the best price on insurance is with the least-expected company. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Geico and State Farm.

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many cases where an insured dropped liability limits or collision coverage only to discover later that it was a big error on their part. The ultimate goal is to buy the best coverage you can find for the lowest cost.

Some insurance providers may not have rates over the internet and these regional carriers only sell coverage through independent agencies. Cheaper insurance is possible on the web as well as from insurance agents, so you should be comparing quotes from both to have the best selection.

Additional insurance information can be read on the following sites:

• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Auto Insurance Basics (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• How to Avoid Common Accidents (State Farm)
• Auto Insurance FAQ (Farmers Insurance)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)