Have you finally had enough of robbing Peter to pay Paul each month for auto insurance? You are in the same boat as most other people.
With so many auto insurance companies to choose from, it is hard for the average consumer to pick the cheapest insurance company.
You should take the time to get comparison quotes before your policy renews since prices change frequently. Even if you think you had the lowest quotes for 3 Series insurance a few years ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to how to use the internet to buy cheaper auto insurance.
To find cheaper rates, there are a couple of ways of comparing price quotes from many different insurance companies. The quickest method to find competitive 2015 BMW 3 Series insurance rates consists of shopping online. This can be accomplished in a couple minutes as outlined below.
If you are pressed for time, the simplest way to get the best comparison quotes is to use a rate comparison form click to view form in new window. This type of form saves time by eliminating multiple quote forms for every company. One quote request gets prices estimates from multiple companies.
A more time consuming way to obtain and compare quotes online is going to the website for each individual company and go through the quote process again. For instance, let’s say you want comparison quotes from Auto-Owners, Progressive and Allstate. You would need to visit each site and punch in your information repeatedly, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
The old school method to find and compare rates is to spend your day driving to insurance agencies in your area. Buying insurance online has made agencies unnecessary unless you want the professional advice of an agent trained in personal lines coverage. Although, it is possible comparison shop online but have your policy serviced through an agent.
The method you choose is up to you, but make sure you compare the exact same information with each company. If your comparisons have differing limits it will be very difficult to decipher which rate is best. Just slight variations in insurance coverages or limits could mean much higher rates. It’s important to know that comparing more quotes provides better odds of finding better pricing. Some regional insurers cannot provide prices over the internet, so you should also compare rates from those companies as well.
When it comes to choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For example, these questions might help in determining whether you would benefit from professional advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.
Understanding the coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are typical coverage types available from auto insurance companies.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your BMW 3 Series.
Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently these limits are identical to your policy’s liability coverage.
Auto liability – Liability coverage provides protection from damage that occurs to other people or property in an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as medical services, repair bills for other people’s vehicles, repair costs for stationary objects, bail bonds and emergency aid. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.
Comprehensive protection – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like hitting a deer, a broken windshield and damage from getting keyed. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical expense coverage – Medical payments and Personal Injury Protection insurance pay for bills like EMT expenses, nursing services and surgery. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverage – Collision coverage pays for damage to your 3 Series caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as colliding with another moving vehicle, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Can I get replacement cost coverage for a 2015 BMW 3 Series?
I’m in Wilmington, DE, and State Farm rates were affordable. Insured with Farmers before. Not sure if rates are cheaper online or not.
Like your site, BTW. I live in Boston, Massachusetts. Compared quite a few companies. Saved about $40 a month. 21st Century was the best choice for me.
For me, State Farm was by far the cheapest in Memphis, Tennessee.
I went with GEICO at renewal. Best rates in Aberdeen, SD. Was with Hartford. Teenage drivers are expensive! I used their website to get prices.
If you have a good history and live near Knoxville, TN, check out 21st Century. You might get cheaper rates. A clean driving record helps. Can still barely afford it.
If you don’t have tickets and live near Cleveland, Ohio, check out State Farm. They seem to be cheaper. Good multi-policy discounts.
Here’s my quote info. Went with Hartford for my 3 Series and cut my rates about $230 a year.
Any Progressive or Encompass customers near Reno, Nevada?
Does Allstate offer good discounts?
Is Progressive or Allstate cheaper in Raleigh, NC?
If you don’t have tickets and live in the vicinity of Tampa, FL, check out Allstate. They seem to be cheaper. I get multi-vehicle and multi-policy discounts.
Is State Farm or Erie cheap in Biloxi, MS?
I live in a small town just outside of Fayetteville, AR. Checked online prices for a 2015 BMW 3 Series. Ended up at about $330 savings annually. Went with State Farm. Just waiting to see how claims go.