2016 BMW 3 Series eDrive Insurance Quotes

Searching for cheaper insurance rates for your BMW 3 Series eDrive? If you are new to getting insurance coverage quotes online, it’s easy to get bewildered thanks to the huge assortment local agents and online companies that all promise to save you money.

Consumers need to shop coverage around before your next renewal since insurance prices tend to go up over time. Just because you had the best rate on 3 Series eDrive coverage a year ago you can probably find a lower rate today. There are lots of tips to save on insurance online, but in this article, you’re going to get the best ways to lower your insurance premiums.

Finding the best rates is easy if you know what you’re doing. If you currently have car insurance, you will be able to reduce your rates substantially using these techniques. Nevertheless, consumers must understand how big insurance companies determine prices and apply this information to your search.

How to find cheap insurance

There are several ways to compare insurance quotes, but one way is less labor-intensive and much quicker. You can spend countless hours talking to local insurance agents in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

Most of the best insurance companies belong to a marketplace where prospective buyers submit their information once, and each company then returns a price quote based on that data. This system prevents you from having to do quote forms for each company.

To access this free quoting program, click here (opens in new window).

The one disadvantage to doing it this way is you can’t choose which insurance companies to receive prices from. So if you want to select individual companies to receive pricing from, we have a page of insurance companies in your area. View list of insurance companies.

Which method you use is up to you, but make darn sure you compare exactly the same deductibles and coverage limits for each comparison quote. If you use mixed coverages it’s not possible to get a fair rate comparison. Quoting even small variations in limits can make a big difference in price. And when quoting insurance, remember that obtaining a wide range of quotes gives you a better chance of getting more affordable rates.

Lower your insurance coverage rates with discounts

Insurance coverage is not an enjoyable expense, but there are discounts available to help bring down the price. Certain discounts will be triggered automatically when you purchase, but some may not be applied and must be requested specifically before being credited.

  • Discounts for Cautious Drivers – Drivers who don’t get into accidents could pay up to 40% less on 3 Series eDrive coverage compared to rates paid by drivers with frequent claims.
  • Own a Home and Save – Simply owning a home may earn you a small savings because it requires personal responsibility.
  • Accident Free – Insureds who avoid accidents and claims pay much less as opposed to accident-prone drivers.
  • Sign Online – Some insurance companies will give a small break for completing your application online.
  • Memberships – Being a member of a qualifying organization may earn a discount on insurance coverage.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% on 3 Series eDrive coverage with a few insurance coverage companies.
  • Military Deployment Discount – Being deployed with a military unit may lower your premium rates slightly.

Discounts lower rates, but most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, nobody gets a free ride.

A list of insurance coverage companies and a selection of discounts can be read below.

  • Geico includes discounts for five-year accident-free, military active duty, multi-vehicle, anti-theft, and multi-policy.
  • SAFECO may offer discounts for multi-car, anti-lock brakes, bundle discounts, homeowner, teen safe driver, and anti-theft.
  • State Farm policyholders can earn discounts including good student, multiple autos, Steer Clear safe driver discount, passive restraint, anti-theft, safe vehicle, and student away at school.
  • MetLife offers premium reductions for multi-policy, accident-free, good driver, good student, defensive driver, and claim-free.
  • 21st Century has discounts for driver training, anti-lock brakes, theft prevention, 55 and older, student driver, early bird, and homeowners.
  • Progressive may have discounts that include online signing, online quote discount, multi-vehicle, multi-policy, and homeowner.

When getting free insurance coverage quotes, it’s a good idea to every company how many discounts you can get. Depending on the company, some discounts may not be offered in your area. If you would like to choose from a list of companies that offer discounts, click here to view.

Buy cheap insurance with these tips

Smart consumers have a good feel for some of the things that aid in calculating your premiums. If you understand what determines base rates, this enables informed choices that may reward you with lower insurance prices.

  • Lower insurance rates with continuous coverage – Driving with no insurance is not a good idea and any future policy may cost more because you let your insurance expire. And not only will your rates increase, being ticketed for driving with no insurance will get you fines or a revoked license.
  • Youthful drivers pay higher costs – More experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents and get fewer tickets.Teen drivers are known to be more careless when behind the wheel therefore insurance rates are much higher.
  • Cheaper insurance rates using GPS tracking and theft deterrents – Choosing a vehicle with anti-theft technology or alarm system can help lower your premiums. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft and help lower rates.
  • Low credit history equals high rates – Credit score factor in calculating your premium rate. People that have excellent credit scores tend to be less risk to insure than drivers who have worse credit. If your credit history could use some work, you could pay less to insure your 2016 BMW 3 Series eDrive by spending a little time repairing your credit.
  • Location can affect price – Living in less populated areas has definite advantages when insuring your vehicles. People who live in big cities regularly have more auto accidents and more severe claims. Lower population means a lower chance of having an accident as well as less vandalism and auto theft.
  • Drive less and get lower prices – The more miles you rack up on your BMW every year the more you’ll pay to insure it. Most insurance companies rate vehicles partially by how you use the vehicle. Vehicles that do not get driven very much qualify for better rates than vehicles that are driven to work every day. An incorrectly rated 3 Series eDrive may be costing you higher rates. It’s always a good idea to double check that your insurance policy is rated on the correct usage, because improper ratings can cost you money.
  • Cars with good safety ratings mean better prices – Vehicles with good safety scores can get you lower premiums. Highly rated vehicles help reduce the chance of injuries in an accident and fewer injuries translates into savings for insurance companies passed on to you as lower rates.

You are unique and your insurance should be too

When it comes to buying proper insurance coverage, there is no single plan that fits everyone. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether or not you may require specific advice.

  • What are the best liability limits?
  • What is the minimum liability in my state?
  • What is UM/UIM insurance?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I need higher collision deductibles?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Am I covered when delivering products for my home-based business?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Insurance myths debunked

Well-known insurance companies like Geico, State Farm and Progressive consistently run ads on TV and radio. They all seem to have a common claim that drivers will save a bundle if you move to their company. How does each company charge lower premium rates? You have to listen carefully.

Companies provide the lowest rates for the type of customer they prefer to insure. A good example of a profitable risk profile should be a mature driver, has no prior claims, and has excellent credit. A customer getting a price quote that meets those criteria will probably get the lowest car insurance rates and is almost guaranteed to save some money.

Consumers who don’t meet the requirements may be forced to pay higher premium rates which leads to the driver buying from a lower-cost company. The wording the ads use say “people who switch” but not “everyone who gets a quote” save that kind of money. This is how companies can truthfully make claims that they all have the best prices. This emphasizes why it’s extremely important to do a quote comparison often. It’s just too difficult to predict which company will have the lowest rates.

Car insurance coverage information

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision) – Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, rock chips in glass and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability insurance – Liability coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims like loss of income, legal defense fees, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Protection from uninsured/underinsured drivers – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your 2016 BMW 3 Series eDrive.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Medical expense insurance – Med pay and PIP coverage kick in for bills for things like rehabilitation expenses, dental work, X-ray expenses and chiropractic care. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision – This coverage covers damage to your 3 Series eDrive resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as sustaining damage from a pot hole, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to bring the cost down.

Be a Smart Shopper

Lower-priced car insurance is possible from both online companies and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not offer the ability to get a quote online and most of the time these small, regional companies only sell coverage through independent agencies.

As you restructure your insurance plan, never reduce coverage to reduce premium. In many cases, an insured dropped collision coverage only to regret that it was a big error on their part. The proper strategy is to buy enough coverage at a price you can afford while not skimping on critical coverages.

In this article, we presented a lot of ways to save on 2016 BMW 3 Series eDrive insurance. The key concept to understand is the more companies you get premium rates for, the better likelihood of getting affordable insurance coverage. You may even discover the lowest auto insurance rates are with a small local company.

To learn more, feel free to visit the resources below:

Comments About 2016 BMW 3 Series eDrive Insurance

  1. Cortez Gates

    I’ve had GEICO for years. I’m in Tacoma, WA.

  2. Sophia Baxter

    Got pretty cheap 2016 BMW 3 Series eDrive insurance from Progressive in Atlanta, Georgia.

  3. Shea Edwards

    Proud to be from Buffalo, NY and for me Allstate had the lowest quote. Left Amica to switch. I think they have home insurance too.

  4. Shanda Ashley

    Lifelong resident of Juneau, Alaska. Got car insurance quotes from Progressive, Amica, and Farmers for my 3 Series eDrive and I think I cut my rates about $30 each month. I’m a pretty good driver though. Might find lower rates online.

  5. Kacy Frye

    Hope my rates come down. I live in Cleveland, OH. I quoted with GMAC, Amica, MetLife, and a couple others for my 2016 BMW 3 Series eDrive and cut my rates about $170 a year. Online quotes are the way to go.

  6. Florence Mcpherson

    I got quite a few price quotes for a 2016 BMW 3 Series eDrive in Baltimore, Maryland. Ended up at right around $230 every six months with AAA. It’s easy to compare rates online now.

  7. Gregg Morse

    I got quite a few price quotes for a 2016 BMW 3 Series eDrive in Kailua, HI. Ended up at right around $370 every six months with Amica.

  8. Salvatore Cobb

    I went with State Farm at renewal. Best rates in Tulsa, OK. Hopefully won’t need it.

  9. Christinia Best

    Located in Miami, Florida. Checked online prices for a 2016 BMW 3 Series eDrive. Ended up at about $500 savings annually. Went with GEICO.

  10. Edythe Prince

    From northwest of Oklahoma City, OK. Quoted with State Farm, American Family, Encompass, and Hartford for my 3 Series eDrive and saved about $550 a year. It was easy to get rates.

  11. Lizeth Shannon

    Does Kentucky require a SR-22 after a DUI?

  12. Adela Norton

    Not sure what I should be paying. Located in New York City, NY. Got car insurance rates from GEICO, Esurance, and Liberty Mutual for my 3 Series eDrive and I’m now saving $16 a month. Good multi-policy discounts. I just quoted rates online.

  13. Lola Hernandez

    I’m in the west part of Overland Park, KS. Compared quite a few companies. Saved roughly $50 a month. GEICO was the best choice for me. Thankfully I have a good driving record. They were helpful in switching over.

  14. Kelli Alston

    I live just outside Nashville, TN. Quoted prices online for a 2016 BMW 3 Series eDrive. Ended up at about $570 savings annually. Went with GEICO.

  15. Ardith Gregory

    Does Florida have minimum liability laws?

  16. Allyson Burch

    I chose to switch to Allstate from AAA. I live in Columbus, Georgia.

  17. Shakia Copeland

    I’m in the west part of Provo, UT, and Allstate rates were best. Left AIG Insurance to switch. Even increased coverage a bit. I got prices on the web.