1994 BMW 3 Series Car Insurance Rates – 5 Ideas for Best Quotes

Consumers not familiar with price shopping insurance online will discover finding low-cost auto insurance is not as easy as it seems.

Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you should be able to reduce your rates substantially using this strategy. Although consumers benefit from understanding the way insurance companies market insurance on the web and apply this information to your search.

Get lower rates on 1994 BMW 3 Series insurance

Companies don’t list all their discounts in an easy-to-find place, so here is a list both the well known and the harder-to-find ways to save on car insurance.

  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on the same car insurance policy qualifies for this discount.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Resident Student – Children who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Organization Discounts – Participating in a professional or civic organization could trigger savings when shopping for car insurance on 3 Series coverage.
  • Discount for New Cars – Putting insurance coverage on a new car is cheaper since new cars are generally safer.

A little note about advertised discounts, some of the credits will not apply the the whole policy. A few only apply to specific coverage prices like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way.

Companies that may have these money-saving discounts include:

Check with all companies you are considering how you can save money. Some discounts may not apply everywhere.

Tailor your coverage to you

When choosing coverage, there is no perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if your situation may require specific advice.

  • Can I rate high risk drivers on liability-only vehicles?
  • Why am I required to buy liability insurance?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my policy cover my teen driver if they drive my company car?
  • Does my 1994 BMW 3 Series need full coverage?
  • Do I need motorclub coverage?

If you’re not sure about those questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form.

Don’t believe everything you hear

Progressive, Geico, Allstate and State Farm constantly bombard you with ads in print and on television. All the companies say the same thing that you can save if you switch your policy. How does each company make the same claim?

All the different companies are able to cherry pick for the driver that is profitable for them. For example, a preferred risk could possibly be between the ages of 30 and 50, has no driving citations, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and most likely will save when switching.

Potential insureds who don’t qualify for these standards will be charged higher rates which leads to business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that much money. That’s why insurance companies can state the savings. That is why you should get a wide range of price quotes. It’s just too difficult to predict which insurance company will fit your personal profile best.

Specific coverages for a 1994 BMW 3 Series

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverage

This covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from flooding, rock chips in glass and hitting a bird. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for immediate expenses like funeral costs, nursing services and dental work. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Collision insurance

Collision insurance covers damage to your 3 Series from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like driving through your garage door, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverage

This coverage provides protection from damage or injury you incur to a person or their property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like loss of income, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

More comparisons equals lower rates

We just covered some good ideas how to shop for 1994 BMW 3 Series insurance online. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the most savings is with a smaller regional carrier.

When you buy insurance online, it’s very important that you do not buy poor coverage just to save money. There have been many cases where an accident victim reduced uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your goal should be to buy enough coverage for the lowest price, not the least amount of coverage.

Lower-priced insurance is attainable on the web in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies do not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

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