2014 BMW 3 Series Car Insurance Quotes

Locating better insurance prices for your BMW 3 Series could be difficult, but you can follow the following methods to make it easier. There is a right way and a wrong way to find auto insurance online so you’re going to learn the absolute fastest way to get price quotes on a BMW and find the cheapest rates.

Do you qualify for discount insurance coverage?

Insurance can cost an arm and a leg, but there’s a good chance there are discounts that many consumers don’t even know exist. Certain credits will be shown when you quote, but some must be specifically requested before you will receive the discount.

• Home Ownership Discount – Simply owning a home can earn you a little savings since home ownership is proof that your finances are in order.
• Sign Online – A few larger online companies provide a small discount shop insurance coverage over the internet.
• Driving Data Discount – Insureds who allow their company to scrutinize driving patterns by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if they are good drivers.
• Save with a New Car – Insuring a new car can get you a discount since new model year vehicles are generally safer.
• Fewer Miles Equal More Savings – Maintaining low annual mileage could earn substantially lower rates.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only reduce specific coverage prices like liability, collision or medical payments. So even though you would think you can get free auto insurance, you won’t be that lucky.

Auto insurance companies that possibly offer many of the previously listed discounts include:

• Progressive
• AAA
• Farmers Insurance
• Geico
• Esurance
• SAFECO
• State Farm

Before buying, ask each company to apply every possible discount. Savings might not be offered on policies in your area. To view providers with significant discounts, click here.

Informed consumers know how to buy auto insurance at a discount

Many different elements are considered when you quote your car insurance policy. A few of the factors are predictable such as your driving record, but other factors are less apparent such as whether you are married or your commute time.

• A lauto insurance lapse is a bad thing – Allowing your coverage to lapse will be a quick way to increase your auto insurance rates. Not only will you pay more, getting caught without coverage could earn you a steep fine or even jail time.
• Does your vocation raise your premiums? – Occupations such as doctors, executives and medical professionals usually pay higher rates than average in part from intense work situations and lots of time spent away from family. On the other hand, jobs such as farmers, students and homemakers have the lowest average rates on 3 Series insurance.
• Driving citations are costly – Having a clean driving record has a lot to do with how much you pay for insurance. Having a single moving violation can boost insurance rates to the point where it’s not affordable. Attentive drivers pay lower auto insurance prices compared to bad drivers. Drivers who have received careless citations such as reckless driving, hit and run or driving under the influence are required to file a SR-22 with their state’s department of motor vehicles in order to keep their license.
• Getting married can save you money – Your spouse can actually save you money compared to being single. Marriage generally demonstrates drivers are more mature than a single person and insurance companies reward insureds because drivers who are married file infrequent claims.
• Females tend to cost less – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that males are worse at driving than females. They both have at-fault accidents in similar percentages, but males tend to have higher claims. Not only are claims higher, but men get ticketed for serious violations like reckless driving and DUI.
• Eliminate extra coverages – There are quite a few extra coverages that may not really be needed if you aren’t careful. Insurance for things like vanishing deductibles, high-cost glass coverage, and additional equipment coverage are examples of these. They may seem good when deciding what coverages you need, but your money might be better spent on other coverage so remove them and pocket the money.
• Drive less and save – The more you drive your BMW in a year’s time the more you’ll pay to insure your vehicle. Almost all companies charge rates determined by how the vehicle is used. Cars and trucks that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. Verify your auto insurance declarations sheet properly reflects annual mileage, because it can save money. Incorrect rating for your 3 Series is throwing money out the window.

What insurance coverages do I need?

When it comes to choosing coverage, there really is no one size fits all plan. Everyone’s situation is a little different.

For instance, these questions could help you determine if your situation would benefit from professional advice.

• Am I insured when driving a different vehicle?
• Does my policy cover my teen driver if they drive my company car?
• Are my friends covered when driving my 2014 BMW 3 Series?
• Do I need rental car coverage?
• What is UM/UIM insurance?
• Are rock chip repairs covered?
• Can I still get insurance after a DUI?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Car insurance coverages and their meanings

Knowing the specifics of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, rock chips in glass, hitting a bird and hitting a deer. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your BMW 3 Series.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Coverage for collisions

Collision coverage will pay to fix damage to your 3 Series from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, colliding with a tree, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Liability

This will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as structural damage, repair costs for stationary objects, medical expenses, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is up to you, but buy as large an amount as possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as surgery, nursing services and ambulance fees. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

At the end of the day…

Lower-priced insurance coverage can be bought on the web in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some insurance companies do not offer the ability to get quotes online and these small insurance companies sell through local independent agents.

In this article, we covered quite a bit of information on how to reduce 2014 BMW 3 Series insurance rates online. The most important thing to understand is the more quotes you get, the higher your chance of finding affordable insurance coverage. You may be surprised to find that the most savings is with the smaller companies.

When trying to cut insurance costs, make sure you don’t buy poor coverage just to save money. There have been many cases where someone sacrificed collision coverage and discovered at claim time that it was a big mistake. Your goal should be to buy a smart amount of coverage for the lowest cost.

For more information, feel free to visit the articles below:

• Auto Crash Statistics (Insurance Information Insitute)
• Event Data Recorders FAQ (iihs.org)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Determing Auto Insurance Rates (Geico)
• What is Full Coverage? (Allstate)