1998 BMW Z3 Insurance Rates – 10 Tricks for Cheaper Quotes

Are you irritated from not being able to scrape enough together to make your auto insurance payment? Your situation is no different than most other vehicle owners. Because there are so many online and local companies to choose from, it is hard for the average consumer to locate the lowest price insurer.

Smart consumers take time to do price comparisons occasionally because insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest rate on Z3 coverage at your last renewal there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to show you how to use the internet to reduce your cost while increasing coverage.

Buying car insurance is quite easy. If you have a policy now or are shopping for new coverage, you will benefit by learning to find the best rates and possibly find even better coverage. Drivers only need an understanding of the most efficient way to buy insurance on the web.

Car insurance discounts help lower rates

Some providers don’t list all possible discounts very well, so we break down a few of the more well known and also the lesser-known credits available to lower your premiums when you buy insurance coverage online. If you don’t get every credit possible, you could be getting lower rates.

• Drive Less and Save – Driving fewer miles could qualify for cheaper premium rates.
• Service Members Pay Less – Being deployed with a military unit could mean lower premium rates.
• Driver Safety – Taking part in a class that teaches defensive driver techniques could save 5% or more depending on where you live.
• Telematics Data – Drivers who elect to allow their insurance company to study where and when they drive remotely such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
• Air Bags and Passive Restraints – Vehicles with factory air bags may get savings up to 30%.
• Early Switch Discount – A few companies give discounts for signing up before your current coverage expires. It’s a savings of about 10%.
• Drivers Education – Teen drivers should enroll in driver’s education as it will make them better drivers and lower rates.
• Early Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid the installment charge.
• Membership in Organizations – Participating in a civic or occupational organization could qualify you for a break on your next car insurance statement.
• Bundle and Save – If you can combine your home and auto policy with the same company they may give you a discount of over 10 percent off each policy depending on the company.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Most only cut individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

Popular car insurance companies and their offered discounts include:

• State Farm may include discounts for accident-free, driver’s education, student away at school, Steer Clear safe driver discount, and anti-theft.
• Farmers Insurance policyholders can earn discounts including youthful driver, teen driver, pay in full, bundle discounts, and alternative fuel.
• Geico discounts include anti-lock brakes, five-year accident-free, good student, air bags, defensive driver, and emergency military deployment.
• American Family has savings for TimeAway discount, multi-vehicle, early bird, accident-free, defensive driver, Steer into Savings, and air bags.
• Nationwide may offer discounts for multi-policy, business or organization, Farm Bureau membership, accident-free, defensive driving, and easy pay.
• Progressive has discounts for homeowner, multi-policy, continuous coverage, multi-vehicle, online quote discount, good student, and online signing.

Before buying, ask each company or agent which discounts can lower your rates. A few discounts might not be available to policyholders in your area.

Which is the best auto insurance?

When it comes to choosing coverage, there is no “best” method to buy coverage. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether your personal situation may require specific advice.

• Does my insurance cover a custom paint job?
• Do I need motorclub coverage?
• Why do I need rental car insurance?
• Are split liability limits better than a combined single limit?
• Am I covered if I wreck a rental car?
• Will my vehicle be repaired with OEM or aftermarket parts?
• What should my uninsured motorist coverage limits be in my state?
• Do I have coverage when pulling a U-Haul trailer?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Is there deception in advertising?

Consumers constantly see and hear ads for the lowest price car insurance from companies such as 21st Century, Allstate and State Farm. All the ads have a common claim about saving some big amount just by switching your car insurance coverage to their company.

It sounds good, but how can they all cost less than your current company? It’s all in the words they use.

All companies have specific guidelines for the type of driver they prefer to insure. One example of a profitable insured might be between 25 and 40, has no prior claims, and insures a new vehicle. Any customer that meets those criteria will probably get cheap premium rates and as a result will probably save money with a new company.

Potential customers who fall outside these standards will have to pay a higher rate with the end result being the customer not buying. The wording the ads use say “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how insurance companies can state the savings. Because of this risk profiling, you really should compare rate quotes every year. It is just not possible to predict the company that will have the best auto insurance rates for your profile.

Coverages available on your policy

Knowing the specifics of your policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages offered by insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability car insurance

Liability coverage can cover damage that occurs to people or other property. 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. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as attorney fees, funeral expenses, repair costs for stationary objects, bail bonds and legal defense fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like hitting a parking meter, hitting a mailbox and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for expenses for things like pain medications, doctor visits and surgery. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, damage from a tornado or hurricane, damage from getting keyed, rock chips in glass and theft. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Don’t throw your cash in the trash

Cost effective 1998 BMW Z3 insurance can be purchased both online and from local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies may not provide price quotes online and usually these smaller providers prefer to sell through independent agents.

In this article, we presented a lot of tips how to compare 1998 BMW Z3 insurance car insurance rates online. The key thing to remember is the more rate quotes you have, the better your comparison will be. Drivers may discover the lowest car insurance rates come from a lesser-known regional company. They may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

As you go through the steps to switch your coverage, it’s a bad idea to buy poor coverage just to save money. There are a lot of situations where someone dropped full coverage and found out when filing a claim that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.

For more information, link through to the articles below:

• Distracted Driving Extends Beyond Texting (State Farm)
• Older Driver Statistics (Insurance Information Insitute)
• Driving in Bad Weather (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)
• Side Impact Crash Tests (iihs.org)