Lower Your 2018 BMW i3 Insurance Quotes

Searching for cheaper insurance for a new or used BMW i3 can normally be difficult, but you can use the following methods to make it easier. There is a better way to buy insurance so we’re going to tell you the quickest way to quote coverages on a BMW and locate the lowest possible price from local insurance agents and online providers.

Where can I get affordable auto insurance?

Getting more affordable 2018 BMW i3 auto insurance pricing can be relatively painless. Consumers just need to spend a few minutes comparing free insurance coverage quotes from different insurance companies. This can be accomplished by using one of the methods below.

1. If you are pressed for time, the simplest way consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This form saves time by eliminating a different quote for every company. A single form compares rates from several companies. This is perfect if you don’t have a lot of time.
2. A harder way to find more affordable insurance is to take the time to go to the website for each individual company and fill out a new quote form. For example, we’ll pretend you want to view quotes from Allstate, State Farm and Farmers. To do that, you would have to go to each individual site and enter your policy data, which is why first method is reommended.

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

Whichever method you choose, compare identical coverage limits and deductibles for every company. If you have higher or lower deductibles you will not be able to make an equal comparison.

Take policy discounts and save

Some companies don’t list the complete list of policy discounts very clearly, so the following is a list of a few of the more common as well as the least known credits that you can use to lower your rates.

• Pay Now and Pay Less – If you pay your bill all at once rather than spreading payments over time you could save up to 5%.
• New Vehicle Savings – Buying a new car model can be considerably cheaper since newer vehicles have better safety ratings.
• College Student Discount – College-age children who live away from home to go to college and do not have access to a covered vehicle may qualify for this discount.
• E-sign Discounts – Some of the larger companies will discount your bill up to fifty bucks for buying your policy on their website.
• Low Mileage – Low mileage vehicles can qualify you for lower prices due to less chance of an accident.
• Policy Bundle Discount – If you have multiple policies and insure them with the same company they may give you a discount of over 10 percent off each policy depending on the company.
• Accident Forgiveness Coverage – This one isn’t a discount, but companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before your rates go up as long as you don’t have any claims prior to being involved in the accident.
• Clubs and Organizations – Participating in specific professional or occupational memberships or organizations could earn you a nice discount when shopping for auto insurance.
• Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems could see savings as much as 30%.

Policy discounts save money, but some of the credits will not apply to your bottom line cost. Some only apply to specific coverage prices like comp or med pay. So when it seems like having all the discounts means you get insurance for free, that’s just not realistic.

A list of auto insurance companies and their offered discounts are outlined below.

• American Family includes discounts for mySafetyValet, multi-vehicle, defensive driver, good student, accident-free, and bundled insurance.
• Nationwide may include discounts for business or organization, multi-policy, family plan, good student, accident-free, and anti-theft.
• MetLife has discounts for good driver, claim-free, accident-free, good student, multi-policy, and defensive driver.
• 21st Century may have discounts that include defensive driver, theft prevention, automatic seat belts, anti-lock brakes, student driver, and air bags.
• Farmers Insurance discounts include distant student, pay in full, electronic funds transfer, business and professional, and mature driver.
• Allstate policyholders can earn discounts including auto/life discount, economy car, good payer, defensive driver, and anti-lock brakes.

Double check with every insurance company to give you their best rates. Some of the discounts discussed earlier might not apply in your area. For a list of auto insurance companies with the best auto insurance discounts, click here to view.

Which policy gives me the best coverage?

When it comes to buying coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

• Can I rent a car in Mexico?
• Is borrowed equipment or tools covered if stolen or damaged?
• Can I afford to buy a different vehicle if my 2018 BMW i3 is totaled?
• Does liability extend to a camper or trailer?
• Why am I be forced to buy a membership to get insurance from some companies?
• Is my dog or cat covered if injured in an accident?
• When should I drop full coverage on my 2018 BMW i3?
• Where can I find high-risk insurance?
• Should I get collision insurance on every vehicle?
• Is my custom paint covered by insurance?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

Learn how to find car insurance cheaper

Lots of things are used in the calculation when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but other criteria are less obvious such as your credit history or how safe your car is.Smart consumers have a good feel for some of the elements that help calculate your premiums. If you have a feel for what impacts premium levels, this enables you to make decisions that will entitle you to lower rates.

• Poor credit can mean higher prices – An insured’s credit score is a large factor in calculating your premium rate. Drivers who have very high credit ratings tend to be more responsible than those with worse credit. If your credit history is not that good, you could pay less to insure your 2018 BMW i3 if you improve your credit rating.
• Save by driving safer cars – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles result in less severe injuries and reduced instances of injuries translates directly to fewer claims and more competitive rates for policyholders. If your BMW i3 is rated at a minimum four stars on Safercar.gov you may qualify for a discount.
• Premiums impacted by your city – Being located in smaller towns and rural areas of the country may provide you with better prices when talking about car insurance. Drivers in populated areas have to deal with more road rage incidents and longer commute times. Lower population corresponds to lower accident rates and lower theft and vandalism rates.
• Annual mileage and car insurance prices – Driving a lot of miles in a year’s time the higher your rate. Most insurance companies rate vehicles based on their usage. Autos left parked in the garage receive lower rates than those used for commuting. It’s always a good idea to double check that your car insurance declarations sheet reflects the correct usage, because improper ratings can cost you money. Incorrect rating for your i3 may be costing you higher rates.
• Only buy incidental coverages you need – There are many extra bells and whistles that may not really be needed if you aren’t careful. Add-on coverages like rental car coverage, towing coverage, and term life insurance are examples of these. These may sound like a good investment when deciding what coverages you need, but your money might be better spent on other coverage so consider taking them off your policy.
• Alarm systems save money – Choosing to buy a car with anti-theft technology or alarm system can help lower your premiums. Systems that thwart theives like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping auto theft and help lower rates.
• Cheaper rates by combining – Many car insurance companies give better rates to people that purchase more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you qualify for this discount already, drivers will still want to compare rates to ensure the best deal.
• How your age affects costs – Beginning drivers tend to be inattentive when driving so they pay higher car insurance rates. Adding a teenage driver to your car insurance policy can increase premiums substantially. Older, more experienced drivers are more cautious drivers, tend to file fewer claims and receive fewer citations.

Coverage specifics

Understanding the coverages of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Collision coverage protection

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

Collision coverage pays for things such as crashing into a building, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Auto liability insurance

This will cover injuries or damage you cause to other’s property or people in an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as attorney fees, repair costs for stationary objects and legal defense fees. How much coverage you buy is up to you, but buy as large an amount as possible.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like doctor visits, nursing services, EMT expenses, chiropractic care and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as fire damage, falling objects, a broken windshield and theft. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage on a shoestring budget

Drivers who switch companies do it for any number of reasons including policy non-renewal, an unsatisfactory settlement offer, not issuing a premium refund or extreme rates for teen drivers. No matter why you want to switch, finding a new auto insurance company can be pretty painless.

When buying insurance coverage, it’s not a good idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped physical damage coverage and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to get the best coverage possible for the lowest cost while not skimping on critical coverages.

There are still a few companies who may not have online rate quotes small insurance companies prefer to sell through independent agencies. Low-cost 2018 BMW i3 insurance is possible both online and with local insurance agents, and you need to comparison shop both to have the best rate selection.

Much more information about auto insurance is located below:

• Reducing Your Risks in a Car Crash Video (iihs.org)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Car Insurance FAQ (Trusted Choice)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• Winter Driving (Insurance Information Insitute)