2000 BMW Z3 Insurance Cost – 9 Policy Discounts

Want lower car insurance rates for your BMW Z3? Did you fall for a flashy sales pitch and buy overpriced car insurance? Trust us when we tell you you are not the only one feeling buyer’s remorse.

Online insurance companies like State Farm, GEICO and Farmers Insurance continually bombard you with ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and find the best price available.

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Shopping for lower insurance rates can be a daunting task if you aren’t aware of the most efficient way. You can spend your afternoon talking to agents in your area, or you could use the web to get prices fast.

Most car insurance companies take part in a program where prospective buyers complete one form, and each participating company can provide price quotes for coverage. This eliminates the need for quote requests for every insurance company.

To find out what other companies charge for 2000 BMW Z3 insurance click here (opens in new window).

The one disadvantage to doing it this way is buyers cannot specifically choose which companies to get pricing from. If you prefer to choose individual companies to receive pricing from, we have a page of the cheapest insurance companies in your area. Click here for list of insurance companies.

However you get your quotes, ensure you are comparing identical information on every quote you get. If you compare differing limits then you won’t be able to make an equal comparison. Quoting even small variations in coverage limits may cause a big price difference. And when quoting insurance, remember that more quotes helps locate a lower rate.

Your personal situation dictates your coverage

When choosing coverage for your vehicles, there really is no one size fits all plan. Every situation is different so this has to be addressed. These are some specific questions might help in determining whether your personal situation will benefit from professional help.

  • What happens if I owe more than my 2000 BMW Z3 is worth?
  • Can my babysitter drive my car?
  • Are my friends covered when driving my car?
  • Am I covered when pulling a rental trailer?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • At what point should I drop full coverage?
  • Should I waive the damage coverage when renting a car?
  • Is my dog or cat covered if injured in an accident?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Educate yourself about auto insurance coverages

Learning about specific coverages of your auto insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are the usual coverages available from auto insurance companies.

Collision – This will pay to fix damage to your Z3 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as backing into a parked car, sideswiping another vehicle, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive insurance – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hitting a bird, rock chips in glass and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for ambulance fees, hospital visits, surgery, rehabilitation expenses and EMT expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your BMW Z3.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Auto liability insurance – This coverage can cover damages or injuries you inflict on other’s property or people that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as medical services, bail bonds, pain and suffering and attorney fees. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.