2005 BMW 3 Series Insurance Rates

Searching for cheaper insurance coverage rates? Consumers have options when looking for low-cost BMW 3 Series insurance. They can either waste time calling around getting price quotes or leverage the internet to compare rates. There are both good and bad ways to compare insurance coverage rates so you’re going to learn the proper way to quote coverages on a BMW and get the best price possible either online or from local insurance agents.

Automobile Insurance Quotes

There are several ways to compare BMW 3 Series insurance prices but one way is less labor-intensive and much quicker. You can spend your afternoon discussing policy coverages with insurance agencies in your area, or you could save time and use online quoting to maximize your effort.

Many popular insurance companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and each participating company can provide price quotes. This system prevents you from having to do quote forms for each company.

To participate in this free quote system, click here to open in new window.

The one downside to pricing coverage this way is buyers cannot specifically choose which companies you will receive quotes from. So if you want to select specific insurance companies to request quotes from, we have a listing of the cheapest insurance companies in your area. View list of insurance companies.

However you get your quotes, compare identical coverages with each company. If you use higher or lower deductibles it will be very difficult to make an equal comparison.

Get lower rates on BMW 3 Series insurance

Auto insurance companies do not list all available discounts in an easy-to-find place, so here is a list both well-publicized and the more hidden discounts you could be receiving. If they aren’t giving you every credit possible, you’re paying more than you need to.

• Government Employees – Active or retired federal employment may qualify you for a discount on 3 Series coverage with select insurance companies.
• Homeowners Savings – Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
• Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
• Accident Free – Claim-free drivers pay much less when compared to frequent claim filers.
• Fewer Miles Equal More Savings – Keeping the miles down on your BMW can qualify you for lower rates on the low mileage vehicles.
• Military Rewards – Having a family member in the military could be rewarded with lower premiums.
• Seat Belts Save – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
• Discounts for Safe Drivers – Insureds without accidents may save up to 50% more on 3 Series coverage than less cautious drivers.
• Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, insurance companies aren’t that generous.

To see a list of insurance companies offering insurance discounts, click here to view.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining if you might need professional guidance.

• When should my teen driver be added to my policy?
• Do I have coverage when using my vehicle for my home business?
• Am I covered if I break a side mirror?
• Should I carry comprehensive and collision coverage?
• Where can I find DUI or SR-22 insurance?
• Should I have combined single limit or split liability limits?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Insurance coverages explained

Understanding the coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 3 Series.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Liability car insurance

Liability insurance will cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against things such as structural damage, loss of income, medical expenses and pain and suffering. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage protection

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like backing into a parked car, hitting a parking meter, damaging your car on a curb and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hail damage, rock chips in glass and damage from getting keyed. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for funeral costs, X-ray expenses, nursing services and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay