Cheaper 1995 BMW 8 Series Insurance Quotes

Having to pay for overpriced insurance coverage can empty your bank account and force you to prioritize other expenses. Comparison shopping is a great way to reduce premiums and put more money in your pocket.

With consumers having so many choices, it can be challenging to pick the most affordable insurer.

It’s a good idea to take a look at other company’s rates on a regular basis since rates are variable and change quite frequently. Even if you think you had the best rates on 8 Series coverage two years ago you can probably find a better price now. So forget anything you know (or think you know) about insurance coverage because we’re going to show you the easiest way to save on insurance coverage.

These discounts can slash auto insurance rates

Car insurance companies don’t always publicize all their discounts in a way that’s easy to find, so here is a list both well-publicized and also the lesser-known discounts you could be receiving.

  • New Vehicle Savings – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Accident Forgiveness – A few companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.
  • Auto/Life Discount – Some companies give better rates if you take out auto and life insurance together.
  • Club Memberships – Being a member of certain professional organizations could qualify you for a break on auto insurance on 8 Series coverage.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Auto/Home Discount – If you insure your home and vehicles with one company you may earn 10% to 20% off each policy.
  • Defensive Driver – Taking a course in driver safety can save you 5% or more if your company offers it.
  • Passive Restraint Discount – Factory air bags can receive discounts of up to 25% or more.
  • Sign Early and Save – A few companies offer discounts for signing up before your current policy expires. It can save you around 10%.

Keep in mind that most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, you’re out of luck.

For a list of insurance companies with discount auto insurance rates, follow this link.

Compare Insurance Costs

There are several ways to compare quotes from different insurance companies. The simplest method to find the lowest 1995 BMW 8 Series rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in several different ways.

The easiest and least time consuming way to get the best comparison quotes is a comparison rater form click to view form in new window. This form prevents you from having to do boring form submissions for each company you want a rate for. Completing one form will return quotes instantly.

A more difficult way to compare rate quotes requires you to visit each company website to complete their respective quote request forms. For example, we’ll assume you want to compare rates from GEICO, Safeco and Liberty Mutual. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why the first method is quicker.

To view a list of companies in your area, click here.

It’s up to you how you get prices quotes, just make absolute certain that you use the exact same coverages for every quote you compare. If your comparisons have higher or lower deductibles then you won’t be able to determine the best price for your BMW 8 Series. Having just a slight variation in coverages may cause a big price difference. It’s important to know that comparing a large number of companies will improve the odds of getting lower pricing.

Why you might be paying too much to insure your BMW 8 Series

It’s important that you understand the rating factors that play a part in calculating auto insurance rates. Understanding what controls the rates you pay helps enable you to make changes that may reward you with better auto insurance rates.

  • Policy add-ons can waste money – There are quite a few additional coverages you can purchase on your auto insurance policy. Coverages for personal injury protection, better glass coverage and motor club memberships may be wasting your money. They may seem like a good idea initially, but if you don’t need them eliminate them to save money.
  • How credit affects auto insurance rates – Credit history is a important factor in determining what you pay for auto insurance. If your credit score is not that good, you could save money insuring your 1995 BMW 8 Series by improving your credit score. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with lower credit scores.
  • Safer cars cost less to insure – Vehicles with good safety scores are cheaper to insure. Safer cars protect occupants better and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your BMW 8 Series has ratings of a minimum four stars on it is probably cheaper to insure.
  • Small claims can cost you – Insurance companies generally give cheaper rates to people who are claim-free. If you file claims often, you can expect either policy cancellation or increased premiums. Auto insurance is designed for larger claims.
  • Allowing your policy to lapse raises rates – Letting your insurance expire is a sure-fire way to bump up your auto insurance costs. And not only will your rates increase, but being ticketed for driving with no insurance might get you a steep fine or even jail time.You may need to file a SR-22 with your state DMV.
  • Women pay lower rates – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women have accidents at a similar rate, but the men cause more damage. Men also statistically receive more costly citations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high auto insurance rates.
  • Do you know your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your BMW from damage. Examples of covered claims are collision with another vehicle, collision with an animal, and rolling your vehicle. The deductibles are the amount of money you are willing to pay before your auto insurance pays a claim. The higher the amount you’re willing to pay, the lower your rates will be on 8 Series coverage.

When might I need the advice of an agent?

When buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions might help in determining whether your personal situation might need an agent’s assistance.

  • Are my friends covered when driving my car?
  • Do I have coverage if my license is suspended?
  • Am I covered if I hit my neighbor’s mailbox?
  • Exactly who is provided coverage by my policy?
  • Do I need motorclub coverage?
  • What is the rate difference between pleasure use and commuting?
  • Is my BMW 8 Series covered if I use it for business?
  • Should I get collision insurance on every vehicle?
  • Am I covered if hit by an uninsured driver?
  • Does my 1995 BMW 8 Series qualify for pleasure use?

If you’re not sure about those questions, 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 or you can go here for a list of companies in your area.

Are you falling for claims of savings?

State Farm, Allstate and GEICO regularly use ads on television and other media. All the companies have a common claim that you’ll save big if you move your policy. How does each company claim to save you money?

Different companies can use profiling for the right customer they prefer to insure. For instance, a profitable customer might be over the age of 40, is a homeowner, and drives less than 10,000 miles a year. A propective insured who matches those parameters will qualify for the lowest rates and most likely will save when they switch companies.

Potential customers who don’t meet the “perfect” profile will have to pay higher prices which leads to business not being written. The ads state “customers who switch” not “people who quote” save that kind of money. This is how companies can advertise the way they do. Because of the profiling, you need to get as many comparisons as possible. It’s not possible to predict the company that will have the lowest BMW 8 Series insurance rates.

Information about specific coverages

Knowing the specifics of your insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, a broken windshield, vandalism, damage from a tornado or hurricane and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for liability

Liability insurance can cover injuries or damage you cause to people or other property in an accident. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims such as bail bonds, loss of income, medical expenses, legal defense fees and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Collision insurance

Collision coverage pays to fix your vehicle from damage 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 protects against claims such as crashing into a ditch, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for immediate expenses for things like dental work, hospital visits and chiropractic care. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Shop smart and save

We just covered many tips how you can reduce 1995 BMW 8 Series insurance prices online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest premiums are with the least-expected company. Regional companies often have lower prices on specific markets than their larger competitors like Progressive or GEICO.

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. Too many times, an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your strategy should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

More information can be read below: