Think you have an expensive insurance policy? It’s quite common and there are lots of residents who feel the same. Having so many choices, it can be hard to pick a lower cost insurance company.
Consumers need to get comparison quotes periodically because insurance prices fluctuate regularly. If you had the best rates on 3 Series coverage at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the best methods to eliminate unnecessary coverages and save money.
This information will help educate you on how to get online quotes and some money-saving tips. If you have car insurance now, you stand a good chance to be able to cut costs considerably using these tips. Drivers just need to learn the most efficient way to shop for insurance online.
Finding more affordable car insurance rates can be surprisingly simple. The only thing you need to do is take a few minutes comparing rate quotes online with multiple companies. It’s really simple and can be done in several different ways.
If you don’t have a lot of time, the easiest way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This type of form saves time by eliminating a different quote to each individual car insurance company. One form gets coverage cost estimates direct from many companies.
A different way to find better pricing consists of going to the website for each individual company to complete their respective quote request forms. For example, we’ll pretend you want to get rates from Farmers, GEICO and GMAC. In order to get each rate, you would have to spend time going to each site individually and punch in your information repeatedly, which is not fast way to get rate quotes. For a list of links to insurance companies in your area, click here.
It’s up to you how you get prices quotes, just compare exactly the same coverages and limits for each quote you get. If you compare different coverage information it will be nearly impossible to determine the best price for your BMW 3 Series.
The cost of insuring your cars can be expensive, but there’s a good chance there are discounts that may help make it more affordable. Certain reductions will be credited at quote time, but some may not be applied and must be specially asked for before you will receive the discount.
Just know that some credits don’t apply the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Just because it seems like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
A list of insurance companies and some of the premium reductions they offer can be found below.
Before purchasing a policy, check with all the companies which credits you are entitled to. Some credits may not apply everywhere. For a list of insurers with the best insurance discounts, click here to view.
When buying car insurance it’s important to understand the factors that help determine the rates you pay for car insurance. If you have a feel for what influences your rates, this allows you to make good choices that may reward you with lower car insurance prices.
The list below includes a few of the “ingredients” companies use to determine your premiums.
When it comes to choosing coverage for your vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions can help discover whether or not you may require specific advice.
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
Having a good grasp of insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.
Collision coverage – Collision insurance covers damage to your 3 Series resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things such as hitting a parking meter, backing into a parked car, damaging your car on a curb, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.
Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for short-term medical expenses for EMT expenses, funeral costs, ambulance fees, surgery and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are similar to your liability insurance amounts.
Auto liability – Liability insurance can cover damage or injury you incur to people or other property in an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as loss of income, repair bills for other people’s vehicles, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Throughout this article, we presented a lot of techniques to shop for 2018 BMW 3 Series insurance online. The key thing to remember is the more price quotes you have, the higher your chance of finding the cheapest insurance. You may be surprised to find that the lowest priced auto insurance comes from some of the lesser-known companies. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Progressive and GEICO.
The cheapest 2018 BMW 3 Series insurance is attainable both online as well as from independent agents, so you need to quote insurance with both to get a complete price analysis. Some companies may not offer internet price quotes and these smaller providers only sell through independent agencies.
When searching for cheap insurance quotes, don’t be tempted to buy less coverage just to save a little money. There are too many instances where an accident victim reduced full coverage only to discover later that the small savings ended up costing them much more. Your strategy should be to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.
Additional auto insurance information is located on the following sites: