2007 BMW 3 Series Insurance Cost – 8 Tips for Best Prices

Are you tired of trying to scrape together enough money to make your insurance payment? You’re in the same situation as many other vehicle owners. Due to the large number of choices of insurance companies, it can be impossible to pick the most cost effective insurer.

It is always a good idea to compare rates before your next renewal because insurance prices are rarely the same from one policy term to another. Even if you got the lowest rates for 3 Series insurance on your last policy there is a good chance you can find better premium rates now. Forget all the misinformation about insurance because you’re about to learn one of the quickest ways to properly buy coverages while reducing your premium.

Verify you’re receiving every discount

Car insurance is not an enjoyable expense, but there could be available discounts that can dramatically reduce your bill. Certain credits will be shown at the time of quoting, but some discounts are required to be specifically requested before you will receive the discount. If they aren’t giving you every credit possible, you are throwing money away.

  • Accident Free – Insureds with no claims or accidents are rewarded with significantly better rates on auto insurance quote compared to bad drivers.
  • Student Discounts – Getting good grades could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
  • Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% for 3 Series insurance compared to rates paid by drivers with frequent claims.
  • Driver Safety – Participating in a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
  • Driving Data Discount – Drivers who agree to allow data collection to look at when and where they use their vehicle remotely such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they have good driving habits.
  • Government Employees – Employees or retirees of the government could qualify for a slight premium decrease for 3 Series insurance with a few car insurance companies.
  • Distant College Student Discount – Children who live away from home at college and don’t have a car could get you a discount.
  • Senior Citizen Discount – Mature drivers may receive better car insurance rates for 3 Series insurance.

You should keep in mind that most discount credits are not given to your bottom line cost. Most only apply to specific coverage prices like liability, collision or medical payments. Just because you may think you could get a free car insurance policy, companies don’t profit that way.

Large car insurance companies and their possible discounts are:

  • 21st Century may have discounts that include theft prevention, student driver, automatic seat belts, defensive driver, good student, and air bags.
  • Progressive may offer discounts for continuous coverage, homeowner, multi-vehicle, online signing, multi-policy, good student, and online quote discount.
  • State Farm offers discounts including driver’s education, good student, safe vehicle, student away at school, Steer Clear safe driver discount, and anti-theft.
  • Nationwide includes discounts for good student, multi-policy, business or organization, easy pay, anti-theft, and family plan.
  • Esurance discounts include multi-car, homeowner, Pac-12 alumni, good driver, safety device, and DriveSense.
  • The Hartford may include discounts for air bag, defensive driver, vehicle fuel type, driver training, and anti-theft.

Before you buy a policy, ask all companies you are considering how many discounts you can get. A few discounts may not be available in your area. If you would like to see a list of insurance companies who offer car insurance discounts, follow this link.

How much is car insurance?

Many insurance companies like State Farm and Allstate provide coverage price quotes online. Obtaining pricing doesn’t take a lot of time as you just enter your required coverages as detailed in the form. When the form is submitted, the system makes automated requests for your driving record and credit report and gives you a price quote based on these and other factors. Being able to quote online makes comparing rates easy, but the work required to visit each company’s website and repetitively type in the same information is repetitive and time-consuming. But it’s very important to perform this step if you want to get the lowest price.

The easy way to compare rates

The easiest way to compare car insurance pricing uses just one form to return rates from several different companies. This type of form saves time, eliminates form submissions, and makes comparison shopping much easier. After your information is entered, your coverage is rated and you can select any or none of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and buy the new coverage. The whole process just takes a couple of minutes and may result in a nice savings.

To quickly find out how much you’re overpaying now, click here to open in new window and complete the simple form. If you currently have coverage, we recommend you type in just like they are on your policy. Using the same limits helps guarantee you are getting a fair comparison using the same coverage and limits.

When should I discuss my situation with an agent?

When buying the best auto insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help you determine whether your personal situation would benefit from professional advice.

  • Will filing a claim cost me more?
  • Can I make deliveries for my home business?
  • Do I need added coverage for expensive stereo equipment?
  • Which companies will insure high-risk drivers?
  • Is pleasure use cheaper than using my 2007 BMW 3 Series to commute?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.

Insurance coverage options for a BMW 3 Series

Knowing the specifics of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Liability auto insurance

Liability coverage can cover damages or injuries you inflict on people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against things like repair bills for other people’s vehicles, legal defense fees and court costs. How much coverage you buy is your choice, but buy higher limits if possible.

Comprehensive protection

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as fire damage, damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your BMW 3 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills for things like prosthetic devices, chiropractic care, pain medications, nursing services and hospital visits. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Collision coverage

This will pay to fix damage to your 3 Series resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, damaging your car on a curb, driving through your garage door, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Stretch your dollar

Cheaper car insurance is attainable on the web as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get a quote online and most of the time these small, regional companies prefer to sell through independent agencies.

When getting auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. In too many instances, an insured dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. The proper strategy is to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

Additional information is available at the links below

Comments About 2007 BMW 3 Series Insurance

  1. Mallie Bernard

    I’ve bought from 21st Century forever. Cheapest rates in Paterson, New Jersey.

  2. Thresa Alvarez

    I got decent rates for a 2007 BMW 3 Series in Columbia, SC. Ended up at about $480 every six months with American Family. I think they have home insurance too.

  3. Fermina Crosby

    If you have a good history and live in the vicinity of Memphis, Tennessee, check out Allstate. They seem to be cheaper. Was with Nationwide. Good savings if you bundle.

  4. Theodore Mcfarland

    Enjoyed the article. Proud to be from Billings, Montana. Don’t remember every company but I ended up saving about $50 each month. Moved home policy as well.

  5. Corrina Gonzales

    I compared a lot of rate quotes for a 2007 BMW 3 Series in Los Angeles, California. Ended up at right around $160 every six months with American Family. Left Eastwood to switch. Get lots of quotes to find the best rate.

  6. Dulcie Dickson

    If you have a clean record and live around Shreveport, LA, check out Progressive. They seem to be cheaper. Insured with Amica before. They were helpful in switching over.

  7. Denna Rice

    I chose to switch to 21st Century from AIG Insurance. I live in Kansas City, KS.

  8. Sean Maldonado

    Where is cheaper car insurance? Live in the eastern part of Chicago, IL. I quoted with GEICO, AAA, and Esurance for my 3 Series and cut my rates about $420 a year. I’m a pretty low risk driver.

  9. Marcia Fisher

    I’m just east of Springfield, MO. Quoted with Western Auto Insurance, Auto-Owners, Hartford, and Safeco for my 3 Series and I’m now saving $23 a month. Switched homeowners coverage too.

  10. Viva Callahan

    If you’re a decent driver and live around Grand Rapids, MI, check out Allstate. They seem to be cheaper. Get lots of quotes to find the best rate.

  11. Kim Boyer

    From Gaithersburg, Maryland. Got car insurance prices from Auto-Owners, Safeco, and a few others for my BMW and saved just over $520 a year. Insured with Western Auto Insurance before. Have a couple speeding tickets too.

  12. Kanisha Rios

    When should I drop comp and collision?

  13. Emilie Wolf

    I’m looking for cheaper coverage. From south side of Portland, OR. I don’t recall every quote but I ended up saving about $60 each month. I even had a DUI years ago. Not sure if rates are cheaper online or not.

  14. Senaida Garner

    I’ve insured with State Farm for a long time. Pretty cheap in Portland, OR.