Cheaper 2003 BMW M3 Car Insurance Cost

Searching for lower auto insurance rates? Consumers have many options when looking for affordable BMW M3 insurance. You can either waste hours calling around trying to get quotes or utilize the internet to make rate comparisons. There are both good and bad ways to compare auto insurance rates so you’re going to learn the proper way to compare rates for a new or used BMW and obtain the cheapest rates either online or from local insurance agents.

Consumers need to get comparison quotes at least once a year because prices are variable and change quite frequently. Just because you found the lowest rates on M3 insurance last year the chances are good that you can find a lower premium rate today. There are lots of tips to save on auto insurance on the web, but in this article, you’re going to get some good information on how to lower your auto insurance rates.

How to buy insurance online

Finding a lower price on 2003 BMW M3 insurance is pretty simple and can save money. Consumers just need to take time comparing price quotes to discover which company has cheaper car insurance quotes. Insurance prices can be quoted by following the guidelines below.

The fastest and easiest way consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This easy form keeps you from doing separate quote forms for every company. One simple form gets you price quotes from insurance companies with the best prices. Just one form and you’re done.

A more difficult way to compare prices requires a trip to each individual company website and repeat the quote process again and again. For examples sake, let’s assume you want comparison quotes from Liberty Mutual, 21st Century and GEICO. In order to get each rate, you would have to spend time going to each site individually and punch in your information repeatedly, which is why first method is reommended.

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

The most difficult method to do your price quoting is actually driving to insurance agencies in your area. The ability to get quotes online has made agencies unnecessary unless you want the extra assistance of a local agency. Although, it is possible get prices online and get advice from an agent in your area.

You can choose any of those ways to find more affodable coverage, but do your best to use equivalent information with each company. If the quotes have different coverage information it will be next to impossible to determine which rate is truly the best.

It’s not one size fits all

When choosing the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s.

For example, these questions may help highlight whether you could use an agent’s help.

  • Is rental equipment covered for theft or damage?
  • Is there coverage for injuries to my pets?
  • I don’t drive much so do I pay less?
  • Exactly who is provided coverage by my policy?
  • What is an SR-22 filing?
  • Do I need replacement cost coverage?
  • What is covered by UM/UIM coverage?
  • Does my medical payments coverage pay my health insurance deductible?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage options for a BMW M3

Having a good grasp of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and damage to your BMW M3.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability

Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as pain and suffering, structural damage, attorney fees, emergency aid and court costs. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Auto collision coverage

Collision coverage pays for damage to your M3 caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, colliding with a tree, crashing into a ditch and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses like hospital visits, pain medications and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like falling objects, hitting a bird, a broken windshield, damage from a tornado or hurricane and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Comments About 2003 BMW M3 Insurance

  1. Sunshine Zamora

    Does Kentucky have minimum liability requirements?

  2. Exie Mccarty

    I’ve had State Farm for years. I’m in Providence, RI.

  3. Regena Erickson

    Cheap car insurance? What’s that? I live in a small town just outside of Evansville, IN. I got free rates from American Family, Sentry, and some smaller one I can’t remember the name of for my 2003 BMW M3 and saved $107 a year. I’m a pretty low risk driver. Just liability coverage since it’s getting old.

  4. Marcelino Crane

    Lifelong resident of Frederick, MD. I got free prices from Allstate, AIG Insurance, and Encompass for my 2003 BMW M3 and I think I saved around $20 each month. BTW speeding tickets are not good. Anyone else drop full coverage?

  5. Dane Gibson

    Will State Farm do a SR22 in San Diego, CA?

  6. Temple Greene

    I live north of Virginia Beach, Virginia. Received prices from Safeco, Eastwood, Allstate, and AAA for my M3 and I think I saved about $30 each month. Was with Auto-Owners. I increased coverages a little too. Get lots of quotes to find the best rate.

  7. Olene Blackwell

    Live in Oklahoma City, Oklahoma. I got free rates from Allstate, Liberty Mutual, and Erie for my M3 and am saving around $70 a year.

  8. Cami Buchanan

    Great site. I live in a small town just outside of Henderson, Nevada. Got prices from Allstate, Amica, and some I forget for my 2003 BMW M3 and I think I am saving around $20 each month. They have free quotes online.

  9. Lovie Haney

    I’m in the suburbs of Spokane, WA. Compared quite a few companies. Saved darn near $10 a month. 21st Century was the cheapest for me. Left USAA to switch. I get lower rates because of my clean driving record. They have free quotes online. Not worth enough to pay for comprehensive and collision.

  10. Sang Dalton

    Anyone understand their policy?

  11. Eileen Kelley

    If you don’t have tickets and live around Charleston, SC, check out Progressive. They seem to be cheaper.

  12. Gerard Campos

    I live east of South Burlington, Vermont. Quoted with Allstate, AAA, and Farmers for my M3 and saved $75 a year. Thankfully I have a good driving record. I only have liability coverage on it.

  13. Eloise Robinson

    I compared a lot of rate quotes for a 2003 BMW M3 in Jacksonville, Florida. Ended up at right around $110 every six months with AIG Insurance. Have a couple speeding tickets too. It was easy to get rates.

  14. Anitra Schultz

    Hope my car insurance gets cheaper. From Aberdeen, SD. Quoted prices online for a 2003 BMW M3. Ended up at about $120 savings annually. Went with Progressive. Was with Western Auto Insurance.

  15. Bobbi Fox

    I can’t pay high rates. I’m from Cincinnati, OH. I got free prices from State Farm, The General, and Erie for my M3 and saved just over $90 a year. Left Sentry to switch. I quoted rates online then called them.

  16. Kareem Barrera

    In Phoenix, AZ, Amica had the best rates for my 2003 BMW M3. Was with The General. Have an at-fault accident tho. Not sure if rates are cheaper online or through an agent. When should I drop full coverage?

  17. Jeane Reyes

    I chose to switch to GEICO from AAA. I live in Des Moines, IA. Hardly afford to drive anymore.

  18. Linsey Odom

    I got quite a few price quotes for a 2003 BMW M3 in Philadelphia, PA. Ended up at right around $80 every six months with American Family. Insured with Hartford before.

  19. Napoleon Carrillo

    I found pretty cheap rate quotes for a 2003 BMW M3 in Bellevue, NE. Ended up at darn near $110 every six months with American Family. Got better coverage too.

  20. Steven Phelps

    I’m in the south part of Overland Park, KS. Quoted with Amica, Nationwide, and a few others for my 2003 BMW M3 and cut my rates about $100 a year. I even had a DUI years ago.

  21. Nickolas Rosario

    From Salem, OR. I don’t recall every quote but I ended up saving about $20 each month. Insured with AAA before. Good multi-policy discounts. Liability only on my M3.

  22. Melodie Morin

    Cheaper car insurance is a myth. I live on the east side of Tucson, AZ. I got free prices from GEICO, American Family, and Farmers for my BMW and I think I saved about $20 each month. Left Progressive to switch. Did it all online. I just carry liability insurance.