2014 BMW 3 Series Insurance Quotes

Trying to find cheaper auto insurance rates for your BMW 3 Series? No one in their right mind enjoys paying for auto insurance, especially knowing their premiums are too high.

Many auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare insurance companies and get the best coverage at the cheapest price

If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using this strategy. Buying car insurance is not that difficult. Nevertheless, consumers must know how the larger insurance companies sell online and use this information to your advantage.

What determines your BMW 3 Series insurance premium

Consumers need to have an understanding of the different types of things that help determine insurance coverage rates. Knowing what influences your rates helps enable you to make changes that will entitle you to lower insurance coverage prices.

  • Equipment add-ons that lower insurance coverage rates – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
  • Tickets mean higher rates – Your driving record has a big impact on rates. Even a single citation can bump up the cost by twenty percent. Drivers who don’t get tickets receive lower rates than bad drivers. Drivers who get serious violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • Where do you drive? – The higher the mileage driven in a year the higher your rates will be. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Cars left parked in the garage receive lower rates than those used for commuting. Improper usage on your 3 Series may be wasting your money. Make sure your insurance coverage declarations sheet properly reflects the correct usage for each vehicle, because improper ratings can cost you money.
  • Being married can save on insurance coverage – Having a wife or husband can get you a discount on your policy. Having a spouse is viewed as being more responsible it has been statistically shown that being married results in fewer claims.
  • Keep rates low by being claim-free – If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Companies give lower rates to people who are claim-free. Your insurance policy is intended for major claims that would cause financial hardship.
  • Little extras can really add up – There are quite a few extra coverages you can purchase if you aren’t careful. Coverages like rental car reimbursement, better glass coverage and additional equipment coverage are some examples. These coverages may sound good initially, but now you might not need them so get rid of them and save.

How to Get Auto Insurance Comparison Quotes

Performing a rate comparison can take time and effort if you don’t know the best way to get rate quotes. You could spend the better part of a day talking to insurance companies in your area, or you can utilize online quoting to get pricing more quickly.

All the larger companies belong to a marketplace that enables customers to enter their coverage request one time, and each company returns a rated price for coverage. This system prevents you from having to do quote forms to each individual auto insurance company.

To compare pricing click here to open in new window.

The only downside to doing it this way is that consumers can’t choose the insurers you want pricing from. So if you want to select specific insurance companies to compare, we have assembled a list of low cost auto insurance companies in your area. Click to view list.

It doesn’t matter which method you choose, just make sure you use identical coverage information with each company. If you enter different values for each quote you will not be able to determine the best price for your BMW 3 Series. Quoting even small variations in limits can mean a large discrepancy in price. And when comparing auto insurance rates, know that having more price comparisons gives you a better chance of getting lower pricing.

You probably qualify for some discounts

Car insurance can cost a lot, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied when you complete an application, but a few must be asked about in order for you to get them.

  • Student in College – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
  • Senior Discount – If you qualify as a senior citizen, you can possibly qualify for reduced rates for 3 Series coverage.
  • Good Students Pay Less – This discount can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Discount for Swiching Early – A few companies offer discounts for switching policies before your current expiration date. The savings is around 10%.
  • Organization Discounts – Participating in a civic or occupational organization could trigger savings on your policy for 3 Series coverage.

It’s important to understand that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. But all discounts will cut the amount you have to pay.

To see a list of providers with the best insurance coverage discounts, click here.

There’s no such thing as the perfect policy

When choosing proper insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might help in determining whether or not you could use an agent’s help.

  • Am I covered when pulling a rental trailer?
  • Why am I required to buy liability insurance?
  • Does coverage extend to my business vehicle?
  • Do all my vehicles need collision coverage?
  • Is my 2014 BMW 3 Series covered for smoke damage?
  • What can I do if my company denied a claim?
  • Does coverage extend to a rental car in a foreign country?
  • Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Coverage specifics

Understanding the coverages of auto insurance helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are identical to your policy’s liability coverage.

Coverage for liability

Liability coverage protects you from damage that occurs to a person or their property. It protects you from claims by other people, and doesn’t cover 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 policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like court costs, loss of income, pain and suffering and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like prosthetic devices, pain medications, EMT expenses and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, rock chips in glass and fire damage. The most your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Be a money saver!

When shopping online for car insurance, it’s very important that you do not reduce coverage to reduce premium. In too many instances, consumers will sacrifice physical damage coverage to discover at claim time that the savings was not a smart move. Your aim should be to find the BEST coverage at the best price while not skimping on critical coverages.

Budget-conscious 2014 BMW 3 Series insurance is attainable from both online companies in addition to many insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

We just showed you many ideas to reduce insurance prices online. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the best prices are with a lesser-known regional company. They can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and GEICO.

More detailed car insurance information is located at these sites: