Lower Your 2015 BMW 3 Series Car Insurance Cost

Trying to find cheaper insurance rates for your BMW 3 Series? No one looks forward to buying insurance, in particular when they are paying too much.

Companies like State Farm, Geico and Farmers Insurance promote their brand names with catchy ads and it can be hard to ignore the propoganda and effectively compare rates to find the best deal.

You should make it a habit to compare prices on a regular basis because rates go up and down regularly. Even if you think you had the lowest price for 3 Series coverage on your last policy you can probably find a lower rate today. Starting right now, forget all the misinformation about insurance because it’s time to teach you the tricks you need to know to find lower rates on insurance.

If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using these methods. Finding affordable coverage is not rocket science. Although vehicle owners must comprehend how companies sell online and take advantage of how the system works.

Quick Insurance Quotes

There are several ways of comparing rate quotes from local insurance companies. One of the best ways to compare 2015 BMW 3 Series insurance prices is to use the internet to compare rates. This can be accomplished in several different ways.

The best way consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This easy form saves time by eliminating multiple quote forms for each company. One quote request gets you coverage quotes from multiple companies.

A more time consuming way to get comparison quotes is spending the time to visit each company’s website and request a quote. For example, we’ll assume you want to compare USAA, Farmers and Liberty Mutual. To get each rate you have to go to every website and enter your information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, make sure you use identical coverage limits for every company. If you are comparing different deductibles it will be impossible to determine the best price for your BMW 3 Series. Just a small difference in coverages may result in a large different in cost. Just keep in mind that comparing more company’s prices helps you find lower pricing.

Beware of misleading car insurance ads

Companies like Allstate, Geico and Progressive regularly use ads on television and other media. All the ads have a common claim of big savings if you move your coverage to them. How do they all make the same claim? It’s all in the numbers.

Insurance companies have a certain “appetite” for the driver that makes them money. For example, a desirable insured could possibly be a mature driver, is a homeowner, and has excellent credit. A driver who meets those qualifications will get the preferred rates and as a result will probably save when switching.

Potential customers who don’t measure up to these standards will have to pay higher rates which leads to the driver buying from a lower-cost company. The ad wording is “customers that switch” not “everybody who quotes” save that kind of money. This is how companies can advertise the way they do.

Because of the profiling, drivers should get as many quotes as possible. It’s not possible to predict the company that will give you the biggest savings on BMW 3 Series insurance.

BMW 3 Series insurance rates have many determining factors

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for auto insurance. Knowing what controls the rates you pay helps enable you to make changes that may reward you with lower auto insurance prices.

  • Careful drivers pay lower rates – Whether or not you get tickets impacts your car insurance rates tremendously. Only having one speeding ticket may increase your cost by twenty percent. Drivers with clean records receive lower rates than bad drivers. Drivers with serious tickets such as hit and run, DWI or reckless driving convictions are required to submit a SR-22 form with the DMV in their state in order to continue driving.
  • Discounts for married couples – Getting married can actually save you money on auto insurance. It translates into being more mature it has been statistically shown that married drivers get in fewer accidents.
  • High deductibles save money – Your deductibles represent how much money you are willing to pay if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims would be colliding with a building, collision with an animal, or theft. The more expense you have to pay, the bigger discount you will receive for 3 Series coverage.
  • More claims means more premium – Insurance companies generally give cheaper rates to insureds who do not file claims often. If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is designed for the large, substantial claims.

Discounts are basically free money

The price of auto insurance can be rather high, buy you may qualify for discounts that you may not know about. Most are applied when you complete an application, but lesser-known reductions have to be specifically requested before they will apply.

  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Sign Online – A few companies will give a small break for buying a policy and signing up over the internet.
  • Safety Course Discount – Taking a course in driver safety could cut 5% off your bill if you qualify.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Multiple Cars – Buying insurance for all your vehicles on one policy could earn a price break for each car.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Save with a New Car – Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.
  • Auto/Life Discount – Some companies give a break if you buy life insurance from them.
  • Military Rewards – Having a family member in the military could mean lower rates.

It’s important to note that most discount credits are not given to the entire cost. Most cut specific coverage prices like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, insurance coverage companies aren’t that generous. Any amount of discount will reduce your overall premium however.

Insurance companies that may have these discounts include:

Double check with all companies you are considering what discounts are available to you. Discounts might not apply in your state.

Which insurance is the “right” coverage?

When it comes to choosing adequate coverage, there isn’t really a “perfect” insurance plan. Each situation is unique and your policy should reflect that. For instance, these questions might point out whether or not you would benefit from professional advice.

  • Will my rates increase for filing one claim?
  • Where can I find high-risk insurance?
  • Is my camper covered by my car insurance policy?
  • What if I don’t agree with a claim settlement offer?
  • When should I remove comp and collision on my 2015 BMW 3 Series?
  • Is there coverage for injuries to my pets?
  • How can I get high-risk coverage after a DUI?
  • What is UM/UIM insurance?
  • Does my 2015 BMW 3 Series qualify for pleasure use?
  • How much liability coverage do I need in my state?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Specifics of your insurance policy

Knowing the specifics of insurance can help you determine appropriate coverage for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for things like EMT expenses, funeral costs and doctor visits. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Liability

This coverage can cover damages or injuries you inflict on people or other property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as repair bills for other people’s vehicles, legal defense fees, emergency aid and medical services. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Collision coverage protection

Collision coverage 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 claims like driving through your garage door, rolling your car, sideswiping another vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hail damage, vandalism, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your BMW 3 Series.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are similar to your liability insurance amounts.

Have the Midas touch

When shopping online for auto insurance, you should never buy less coverage just to save a little money. There are too many instances where drivers have reduced physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Cheap 2015 BMW 3 Series insurance can be found from both online companies and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

Much more information about auto insurance is available at the links below