2014 BMW i3 Insurance Quotes – 6 Tips for Best Rates

Looking for cheaper insurance rates for your BMW i3? Nobody I know likes paying for insurance, especially when they are paying too much. Big-name insurance companies like State Farm, Progressive and GEICO all promote huge savings with fancy advertisements and consumers find it hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

You should take the time to compare prices quite often because insurance rates trend upward over time. Even if you think you had the best rates for i3 insurance two years ago there may be better deals available now. So just forget anything you know (or think you know) about insurance because you’re going to get a crash course in the right way to save on insurance.

Pay less by taking advantage of these six discounts

Companies don’t always advertise every available discount very well, so we took the time to find some of the best known as well as the least known ways to save on insurance coverage. If you don’t get every credit available, you’re just leaving money on the table.

  • Claim Free – Drivers who don’t have accidents can save substantially as compared to bad drivers.
  • Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Senior Citizens – Older drivers can possibly qualify for reduced rates for i3 insurance.
  • Government Employees – Active or retired federal employment can save as much as 8% for i3 insurance with a few insurance coverage companies.
  • Sign Online – A handful of insurance companies may give you up to $50 just for signing your application online.
  • Drive Less and Save – Driving fewer miles can earn discounted rates on garaged vehicles.

Keep in mind that most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you could get a free insurance coverage policy, companies don’t profit that way.

For a list of providers with discount insurance coverage rates, click this link.

Fast and Easy Insurance Quotes

All the larger insurance companies allow you to get pricing directly from their websites. Getting quotes is quite easy as you simply type in your personal and coverage information into the quote form. Once you submit the form, their system automatically orders your driving and credit reports and generates pricing information based on these factors. This makes comparing rates easy, but the time required to go to many different websites and type in the same information is repetitive and time-consuming. But it is imperative to do this if you are searching for the lowest possible prices on insurance.

The smarter way to compare rates requires only one form to get prices from a bunch of companies at once. This type of form saves time, eliminates form submissions, and makes online price comparison much more enjoyable. As soon as you send your information, it gets priced and you are able to buy any of the quotes returned. If one or more price quotes are lower than your current rates, you simply finish the application and purchase coverage. It takes just a few minutes to complete and you’ll know if lower rates are available.

To save time and find out if lower rates are available, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend you complete the form with the limits and deductibles just like they are on your policy. This ensures you’re receiving rate comparison quotes based on the exact same insurance coverage.

Your coverage should be tailored to you

When choosing proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that can aid in determining whether your personal situation might need professional guidance.

  • Is upholstery damage covered by car insurance?
  • Are rock chip repairs covered?
  • When should I drop full coverage on my 2014 BMW i3?
  • Should I bundle my homeowners policy with my auto?
  • Am I insured when driving a different vehicle?
  • Do I need higher collision deductibles?
  • Exactly who is provided coverage by my policy?
  • What if I don’t agree with a claim settlement offer?
  • How can I get high-risk coverage after a DUI?

If you can’t answer these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Insurance coverage specifics

Knowing the specifics of your insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.

Collision coverage protection

Collision coverage covers damage to your i3 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as sustaining damage from a pot hole, driving through your garage door, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Medical expense insurance

Coverage for medical payments and/or PIP pay for bills such as EMT expenses, X-ray expenses, pain medications, dental work and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability insurance

Liability insurance will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for claims like structural damage, medical services, loss of income and funeral expenses. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, theft, vandalism and a broken windshield. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Be Smart and Buy Smart

In this article, we covered many tips how you can compare 2014 BMW i3 insurance prices online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest premiums are with a lesser-known regional company. These companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

Cheaper insurance can be bought on the web and also from your neighborhood agents, and you should compare price quotes from both to have the best rate selection. A few companies may not provide online quoting and these smaller companies work with independent agents.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There are too many instances where someone dropped liability limits or collision coverage only to discover later that it was a big error on their part. Your goal should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

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