Save on 2000 BMW 3 Series Car Insurance Cost

Locating cheaper insurance for a new or used BMW 3 Series can be an all-consuming task, but you can follow our auto insurance buying tips and make it easy. There is a right way and a wrong way to find auto insurance online so you’re going to learn the absolute fastest way to quote coverages for your BMW and locate the lowest possible price.

It’s a great practice to do rate comparisons every six months because auto insurance prices are constantly changing. If you had the best price on 3 Series insurance on your last policy you can probably find a better rate now. You can find a lot of information about auto insurance online, but in just a couple of minutes you can learn some solid techniques on how to stop overpaying for insurance.

If you have insurance now or need new coverage, you can use these tips to find better prices and still get good coverage. Shopping for more affordable auto insurance coverage is simple if you know the tricks. Drivers only need to know the most effective way to compare company rates on the web.

These discounts can lower your car insurance quotes

Insurance can be prohibitively expensive, but there are discounts available to help bring down the price. Some discounts will apply when you get a quote, but some must be specifically requested before they will apply. If you are not receiving all the discounts you deserve, you could be getting lower rates.

• Discount for Swiching Early – Some larger companies reward drivers for signing up before your current expiration date. The savings is around 10%.
• Homeowners Discount – Just being a homeowner may earn you a small savings because maintaining a house requires a higher level of personal finance.
• Discount for Passive Restraints – Vehicles equipped with air bags may qualify for discounts of 20% or more.
• Service Members Pay Less – Being on active duty in the military could be rewarded with lower car insurance rates.
• College Student Discount – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.

As is typical with insurance, most discount credits are not given to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. Even though the math looks like you could get a free car insurance policy, you won’t be that lucky.

To see insurers that offer many of these discounts, click here.

How to compare insurance rate quotes

Lowering your 2000 BMW 3 Series insurance rates can be quick and easy. Drivers just need to spend a little time getting comparison quotes from different insurance companies. Comparing prices online can be done by using one of the methods below.

• The most efficient method to get quotes is a comparison rater form like this one (opens in new window). This quick form eliminates the need for separate quotes for each company you want a rate for. One form submission compares rates from several companies. Recommended for those who want to invest the least amount of time.
• A more time consuming way to get comparison quotes is to manually visit each company website and fill out their own quote form. For example, we’ll assume you want to compare rates from Auto-Owners, Geico and Allstate. You would need to go to every website and punch in your information repeatedly, which can get old fast.

  For a list of companies in your area, click here.

The approach you take is up to you, just double check that you are using the exact same quote data with each company. If you compare different coverage information it will be nearly impossible to make a fair comparison for your BMW 3 Series.

BMW 3 Series insurance cost factors

It’s important that you understand a few of the rating criteria that play a part in calculating your premiums. When you understand what impacts premium levels, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

• Driving citations can be expensive – Drivers who don’t get tickets receive lower rates than bad drivers. Even a single speeding ticket or other violation may cause rates to rise by as much as thirty percent. Drivers who get multiple violations such as reckless driving or DUI might be required by their state to complete a SR-22 with their state’s licensing department in order to drive a vehicle legally.
• Job stress can make you pay more – Occupations such as real estate brokers, executives and dentists generally pay higher premium rates attributed to high stress and lots of time spent at work. Conversely, occupations such as actors, students and homemakers have lower than average premiums on 3 Series insurance.
• Mature drivers pay less – Older people are more responsible, tend to cause fewer accidents , and usually have better credit.Teenage drivers are statistically proven to be inattentive behind the wheel therefore insurance coverage rates are much higher.
• Your location is important – Choosing to live in a rural area has it’s advantages when talking about insurance coverage. Fewer drivers means less chance of accidents in addition to fewer liability claims. Residents of big cities have to deal with more auto accidents and more severe claims. Longer commute distances means a statistically higher chance of an accident.

Different people need different car insurance coverages

When it comes to choosing the best car insurance coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions can help discover whether you will benefit from professional help.

• Is my vehicle covered by my employer’s policy when using it for work?
• Should I sign the liability waiver when renting a car?
• Should I have a commercial auto policy?
• Do I have any recourse if my insurance company denies a claim?
• Are my friends covered when driving my 2000 BMW 3 Series?
• Will filing a claim cost me more?
• When should I drop full coverage on my 2000 BMW 3 Series?
• I have a DUI can I still get coverage?
• Does my personal policy cover me when driving out-of-state?
• What should my uninsured motorist coverage limits be in my state?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Big brands don’t always mean big savings

Consumers constantly see and hear ads that claim the best prices from the likes of State Farm, Geico and Progressive. All the companies convey the message that drivers can save some big amount just by moving your coverage.

That’s great but how can every company offer drivers better rates? This is the trick they use.

Most companies have strict underwriting profiles for the type of driver they prefer to insure. For example, a desirable insured might be described as between the ages of 30 and 45, has no prior claims, and drives a car with an anti-theft system. Any driver who matches those parameters will qualify for the lowest rates and will probably save a lot of money.

Consumers who don’t meet those criteria will be charged more expensive rates which results in business not being written. The ads say “customers who switch” not “everybody who quotes” can save as much as they claim. That’s why companies can truthfully state the savings. That is why drivers must get a wide range of price quotes. It is impossible to predict with any certainty which company will have the lowest rates.

Auto insurance coverage information

Understanding the coverages of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, rock chips in glass and hail damage. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 3 Series.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability coverage

Liability coverage can cover damage that occurs to other’s property or people. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like legal defense fees, attorney fees and pain and suffering. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for bills such as ambulance fees, funeral costs, hospital visits, nursing services and X-ray expenses. They are often used in conjunction with a health insurance plan 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. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision insurance

Collision insurance pays for damage to your 3 Series resulting from a 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 coverage protects against things such as backing into a parked car, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

In any little way, save everyday

Drivers who switch companies do it for a number of reasons such as unfair underwriting practices, high rates after DUI convictions, an unsatisfactory settlement offer or even extreme rates for teen drivers. Regardless of your reason for switching companies, choosing a new company can be less work than you think.

In this article, we presented a lot of techniques to compare 2000 BMW 3 Series insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper car insurance. Consumers may even find the lowest premium rates are with a lesser-known regional company.

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are too many instances where consumers will sacrifice full coverage only to find out that it was a big error on their part. Your goal is to get the best coverage possible for the lowest price while still protecting your assets.

For more information, link through to these articles:

• Information for Teen Drivers (Geico)
• Credit and Insurance Scores (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Understanding your Policy (NAIC.org)