1993 BMW 3 Series Insurance Cost – 7 Discounts for Best Prices

Looking for the cheapest auto insurance rates? Shoppers have a choice when shopping for the best price on BMW 3 Series insurance. They can either waste time calling around to compare prices or use the internet to make rate comparisons.

There are both good and bad ways to compare auto insurance rates and we’ll show you the proper way to price shop coverage for a new or used BMW and find the best price possible either online or from local insurance agents.

It’s a great practice to compare rates occasionally because prices tend to go up over time. Even if you got the best deal for 3 Series coverage a few years ago a different company probably has better rates today. There is a lot of bad advice regarding auto insurance online, so by reading this article, you’re going to learn some excellent ideas to save money.

Auto Insurance Comparison Rates

There are several ways to compare BMW 3 Series auto insurance quotes, but one way is less time-consuming than others. You could spend the better part of a day driving to insurance companies in your area, or you could use online quoting to get the quickest rates.

All the larger companies take part in a program where prospective buyers send in one quote, and at least one company then returns a price quote based on that information. This saves time by eliminating quotation requests for every auto insurance company. To find out how much you’re overpaying now click here (opens in new window).

The one disadvantage to using this type of form is that consumers can’t choose the providers you want to price. If you wish to select from a list of companies for rate comparison, we put together a list of the cheapest auto insurance companies in your area. Click to view list.

However you get your quotes, ensure you are comparing apples-to-apples coverages and limits for every company. If you use different values for each quote it will be next to impossible to determine which rate is truly the best.

What coverages do I need?

When it comes to buying coverage, there isn’t really a best way to insure your cars. Everyone’s situation is unique.

For instance, these questions can help discover if you might need an agent’s assistance.

  • Am I covered when using my vehicle for business?
  • What are the financial responsibility laws in my state?
  • Will filing a claim cost me more?
  • Can I make deliveries for my home business?
  • Is my cargo covered for damage or theft?
  • What is PIP insurance?
  • What if I owe more than I can insure my car for?
  • Are split liability limits better than a combined single limit?
  • Where can I find high-risk insurance?
  • Should I sign the liability waiver when renting a car?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

What car insurance coverages do you need?

Understanding the coverages of a car insurance policy can help you determine the best coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and reading a policy is terribly boring.

Collision coverages – Collision insurance covers damage to your 3 Series resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like backing into a parked car, damaging your car on a curb and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, a broken windshield, theft, hitting a bird and falling objects. The highest amount a car 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 consider dropping full coverage.

Liability auto insurance – This coverage protects you from damage or injury you incur to other’s property or people. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like structural damage, medical expenses and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for short-term medical expenses for chiropractic care, nursing services, EMT expenses and dental work. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since 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 very important. Normally these coverages are identical to your policy’s liability coverage.