Searching for cheaper car insurance rates for your BMW 3 Series? No one in their right mind likes paying for car insurance, particularly when their premiums are through the roof.
With so many insurance providers from which to choose, it is hard for the average consumer to choose the right company.
It’s a great practice to compare prices occasionally since insurance rates trend upward over time. If you had the lowest price for 3 Series coverage last year there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because you’re about to learn the proper way to find better coverage at a better price.
Finding affordable coverage is quite easy. Just about everyone who buys car insurance should be able to reduce their rates. Although car owners need to have an understanding of the way companies price insurance differently and use this information to your advantage.
Effectively comparing car insurance prices can take hours if you don’t know the fastest way to get free quotes. You can waste a lot of time driving to insurance agencies in your area, or you can stay home and use the internet to get rates in a matter of minutes.
Most of the best insurance companies belong to a marketplace where insurance shoppers submit one quote, and every company then gives them pricing determined by their information. This prevents consumers from doing form submissions for each company.
To find out how much you can save on car insurance click here to start a free quote.
One minor caviat to getting quotes like this is that you can’t choose the companies to get pricing from. If you prefer to choose specific insurance companies to receive pricing from, we have a listing of the cheapest car insurance companies in your area. Click here for list of insurance companies.
It’s your choice how you get your quotes, but double check that you are using apples-to-apples coverage information for each comparison quote. If you compare differing limits you will not be able to decipher which rate is best. Having just a slight variation in coverage limits could mean much higher rates. And when quoting car insurance, remember that obtaining a wide range of quotes helps you find the best offered rates.
Companies that sell car insurance do not list every available discount in a way that’s easy to find, so the following is a list of some of the more common and the harder-to-find ways to save on car insurance.
A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, you won’t be that lucky.
For a list of insurers offering car insurance discounts, click here to view.
When choosing coverage, there really is not a perfect coverage plan. Each situation is unique so your insurance needs to address that. For instance, these questions might help in determining if you might need an agent’s assistance.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.
An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates enables informed choices that may reward you with big savings.
Knowing the specifics of insurance aids in choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages offered by insurance companies.
This protects you from injuries or damage you cause to other’s property or people in an accident. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims such as medical expenses, legal defense fees, attorney fees, funeral expenses and bail bonds. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers 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 insurance covers claims like hitting a deer, hitting a bird and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage protection
This coverage will pay to fix damage to your 3 Series resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like backing into a parked car, hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like rehabilitation expenses, ambulance fees, chiropractic care and surgery. They are used to fill the gap from your health insurance plan or if you do not have health coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your BMW 3 Series.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Throughout this article, we presented a lot of techniques to reduce 2003 BMW 3 Series insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers could even find that the best price on insurance is with an unexpected company. Regional companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.
Cheap insurance can be bought both online and also from your neighborhood agents, so compare prices from both to have the best chance of lowering rates. Some companies may not provide online quoting and most of the time these small, regional companies sell through independent agents.
As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where an accident victim reduced full coverage and found out when filing a claim they didn’t have enough coverage. The proper strategy is to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.