BMW 3 Series EDrive Insurance Cost

Drivers have lots of options when shopping for car insurance for your BMW vehicle. You can buy from your neighborhood insurance agent or get quotes online to compare rates from many different auto insurance companies. Finding cheaper auto insurance through online rate quotes saves time, is easy to do, plus you will probably save money.

Finding the best direct price on auto insurance can be difficult if you are a beginner to online quoting. But don't be discouraged because there is an easy way to compare rates. Lowering your 3 Series eDrive insurance rates can be surprisingly simple. You just need to take a few minutes comparing rates online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

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Premiums are calculated by...

Insurance rates on a BMW 3 Series eDrive can fluctuate considerably and are calculated by many factors. Including but not limited to:

• High performance increases premiums
• Accidents raise premiums
• Home/auto policy bundles save money
• Pleasure use vs. commuting use
• Young drivers cost more
• Whether you are married
• Add-on coverages such as rental reimbursement
• No claims lowers premiums
• No coverage lapses saves money
• Home ownership saves money

One last important factor which can affect the rate you pay on your BMW is the year of manufacture. Newer models have a higher actual cash value so the costs to repair may result in higher rates. Conversely, more recent BMW vehicles may have options such as adaptive cruise control, autonomous braking, traction control, and forward-collision avoidance which may lower rates.

To get a better idea how much rates will be for your vehicle, select the year of your 3 Series eDrive from the list below.

• 2016 BMW 3 Series eDrive Insurance Rates

Auto liability

This will cover damage or injury you incur to people or other property that is your fault. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so purchase as high a limit as you can afford.

Collision insurance

This will pay to fix damage to your BMW resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company. Collision coverage for your 3 Series eDrive can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive auto coverage

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The most your auto insurance company will pay is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like EMT expenses, pain medications, and nursing services. They are often used in conjunction with a health insurance program or if you do not have health coverage. PIP coverage is only offered in select states and gives slightly broader coverage than med pay.

How Much are BMW 3 Series eDrive Insurance Rates?