1998 BMW 3 Series Insurance Quotes

Searching for low-cost insurance for a new or used BMW 3 Series can turn out to be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to shop for auto insurance so we’re going to tell you the quickest way to compare rates on a BMW and locate the lowest possible price either online or from local insurance agents.

Finding affordable coverage is not rocket science. If you have a policy now or need a new policy, you can use this information to find the best rates and still get good coverage. Drivers just need to know the tricks to compare prices on the web.

How to Get Insurance Coverage Comparison Quotes

Effectively comparing insurance coverage prices can take hours if you don’t utilize the most efficient way. You could waste a few hours talking to insurance agencies in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

Many popular insurance companies enroll in a system where insurance shoppers submit one quote, and each company can give them a price for coverage. This eliminates the need for form submissions to every company.

To find out how much you’re overpaying now click here to start a free quote.

The one downside to comparing rates this way is buyers cannot specifically choose the companies you will receive quotes from. If you wish to select from a list of companies to compare rates, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

Whichever way you use, ensure you’re using the exact same information for each comparison quote. If your comparisons have mixed coverages then you won’t be able to find the best deal for your BMW 3 Series.

Drivers who switch save $490 a year? Really?

Drivers can’t get away from ads for car insurance savings from companies such as State Farm, Geico and Progressive. All the companies say the same thing that you’ll save big if you change your policy.

How do they all say the same thing? This is how they do it.

All the different companies have a preferred profile for the driver that makes them money. For example, a driver they prefer might be over the age of 40, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications is entitled to the best price and is almost guaranteed to save when they switch companies.

Potential insureds who don’t meet the requirements will have to pay a higher premium and ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everybody who quotes” save money. That’s why companies can make those claims. Because of the profiling, it’s extremely important to get as many comparisons as possible. You cannot predict which company will give you the biggest savings on BMW 3 Series insurance.

Verify you’re getting all your discounts

Auto insurance companies do not advertise all available discounts very clearly, so the following is a list of some of the more common and the more hidden savings tricks you should be using. If you’re not getting every credit possible, you are throwing money away.

  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Government Employees – Employees or retirees of the government may qualify you for a discount on 3 Series coverage depending on your company.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks simply for signing digitally online.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy qualifies for this discount.
  • Resident Student – Any of your kids who live away from home without a vehicle on campus may be able to be covered for less.
  • Homeowners Pay Less – Simply owning a home can save you money because of the fact that having a home is proof that your finances are in order.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.

Drivers should understand that most discounts do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky.

Companies that may have these money-saving discounts are:

Double check with each insurance company what discounts are available to you. Savings might not be offered in your state.

When should I talk to an agent?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.

For example, these questions may help highlight whether you might need an agent’s assistance.

  • Is pleasure use cheaper than using my 1998 BMW 3 Series to commute?
  • When should my teen driver be added to my policy?
  • Does my insurance cover a custom paint job?
  • When can I cancel my policy?
  • How can I find cheaper teen driver insurance?
  • Exactly who is provided coverage by my policy?
  • Should I buy only the required minimum liability coverage?
  • Are my friends covered when driving my 1998 BMW 3 Series?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.

Car insurance coverage information

Learning about specific coverages of insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as colliding with another moving vehicle, crashing into a building and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hitting a deer, hitting a bird, fire damage and damage from flooding. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your BMW 3 Series.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Auto liability

Liability coverage can cover injuries or damage you cause to people or other property. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as loss of income, funeral expenses, medical services and bail bonds. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as rehabilitation expenses, X-ray expenses, prosthetic devices and pain medications. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

A little work can save a LOT of money

As you shop your coverage around, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an accident victim reduced collision coverage only to regret they didn’t have enough coverage. The aim is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

Insureds who switch companies do it for any number of reasons including unfair underwriting practices, delays in responding to claim requests, extreme rates for teen drivers and questionable increases in premium. Whatever your reason, finding a new company is actually quite simple.

Low-cost 1998 BMW 3 Series insurance can be sourced from both online companies and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

Additional insurance coverage information is located at the links below