Trying to find lower auto insurance rates for your BMW 3 Series? Are you confused by the dozens of auto insurance company choices? You’re not the only one! There are so many options that it can quickly become more work than you anticipated to find the best price.
You need to do rate comparisons occasionally since insurance rates are constantly changing. Even if you got the lowest price for 3 Series insurance on your last policy other companies may now be cheaper. So just block out anything you think you know about auto insurance because it’s time to teach you the quickest way to find lower rates on auto insurance.
There are several ways to compare BMW 3 Series auto insurance prices and some are less time-consuming than others. You could waste time discussing policy coverages with insurance companies in your area, or you can utilize the web to get prices fast.
Many popular insurance companies participate in an industry program that enables customers to submit their information once, and each participating company can provide price quotes for coverage. This system prevents you from having to do quotation requests to every company. To find out how much you can save on auto insurance click here to open in new window.
The only drawback to doing it this way is that consumers can’t choose which companies to get quotes from. If you wish to select specific insurance companies to receive pricing from, we put together a list of low cost auto insurance companies in your area. Click here for list of insurance companies.
It’s your choice how you get your quotes, but ensure you are comparing the exact same deductibles and coverage limits on every quote you get. If you enter different deductibles you can’t possibly determine which rate is truly the best. Just a small difference in coverages could mean much higher rates. And when price shopping your coverage, more quotes will increase your chances of finding better pricing.
Car insurance companies do not list every available discount very clearly, so the following is a list of both the well known as well as the least known ways to save on insurance coverage.
As a disclaimer on discounts, some of the credits will not apply the the whole policy. Some only apply to specific coverage prices like collision or personal injury protection. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.
A partial list of companies that possibly offer these benefits may include but are not limited to:
Check with every prospective company which discounts you may be entitled to. Some discounts may not apply in your area.
When it comes to choosing the best auto insurance coverage, there is no one size fits all plan. Each situation is unique.
For instance, these questions may help highlight whether your personal situation will benefit from professional help.
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.
An important part of buying insurance is that you know the factors that go into determining the rates you pay for insurance coverage. Knowing what controls the rates you pay allows you to make educated decisions that can help you get lower insurance coverage prices.
Listed below are some of the items companies use to determine your rates.
Companies like 21st Century, Allstate and State Farm constantly bombard you with ads in print and on television. All the ads say the same thing that you can save if you switch your coverage to them. How can each company make almost identical claims?
Different companies have a certain “appetite” for the driver that makes them money. A good example of a desirable insured might be a mature driver, owns a home, and has a short commute. A customer getting a price quote who meets those qualifications gets the lowest rates and as a result will probably save when switching.
Potential customers who don’t measure up to these standards will be charged higher premiums and this can result in the customer not buying. The ads say “customers who switch” not “everyone that quotes” save money. This is how companies can advertise the way they do. That is why drivers must get quotes from several different companies. It’s just too difficult to predict which company will have the lowest BMW 3 Series insurance rates.
Having a good grasp of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like surgery, hospital visits, rehabilitation expenses, pain medications and chiropractic care. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay
Collision – This will pay to fix damage to your 3 Series from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as sideswiping another vehicle, damaging your car on a curb, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.
Comprehensive insurance – This covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from getting keyed, a broken windshield, fire damage and rock chips in glass. The maximum payout a insurance company will pay at claim time 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.
Auto liability insurance – This protects you from injuries or damage you cause to a person or their property in an accident. This coverage protects you against claims from other people. Liability doesn’t 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. Your policy might show liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage pays for claims such as medical services, pain and suffering, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your BMW 3 Series.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Cost effective 1990 BMW 3 Series insurance is definitely available online and with local insurance agents, and you should be comparing both to have the best selection. A few companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
Drivers who switch companies do it for a number of reasons such as high rates after DUI convictions, being labeled a high risk driver, policy non-renewal and even unfair underwriting practices. It doesn’t matter why you want to switch finding a new insurance company is less work than it seems.
As you prepare to switch companies, you should never skimp on coverage in order to save money. In too many instances, drivers have reduced collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.
Even more information is available by following these links: