2013 BMW 3 Series Insurance Cost – 10 Discounts for Cheapest Prices

Want lower car insurance rates for your BMW 3 Series? Confused by the dozens of car insurance companies? You have a lot of company. You have so many options available that it can easily become a real hassle to find the lowest price.

Finding the best rates is easy if you know what you’re doing. In a nutshell, anyone who carries insurance will more than likely be able to lower their premiums. Although drivers can benefit by having an understanding of how big insurance companies price insurance differently and take advantage of how the system works.

Are you getting all your discounts?

Companies don’t necessarily list all their discounts very well, so we researched both well-publicized and the more hidden ways to save on insurance.

  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Resident Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus can receive lower rates.
  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Defensive Driver – Taking a course in driver safety could possibly earn you a 5% discount if you qualify.
  • E-sign – A few companies will give a small break for buying your policy online.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.
  • Military Discounts – Being on active duty in the military can result in better rates.
  • Save with a New Car – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

It’s important to understand that some credits don’t apply the the whole policy. Most cut specific coverage prices like liability and collision coverage. So despite the fact that it appears you can get free auto insurance, insurance companies aren’t that generous.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Check with all companies you are considering which discounts you may be entitled to. Some discounts might not be offered everywhere.

Tailor your coverage to you

When it comes to choosing coverage for your personal vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight whether you will benefit from professional help.

  • Is a blown tire covered by insurance?
  • Do I have coverage when making deliveries for my home business?
  • Am I covered when pulling a rental trailer?
  • Do I need PIP coverage since I have good health insurance?
  • How much liability coverage do I need in my state?
  • Am I covered if I wreck a rental car?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Educate yourself about insurance coverages

Having a good grasp of your insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

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

Comprehensive insurance covers things like fire damage, damage from a tornado or hurricane, damage from flooding and theft. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverages – Collision coverage covers damage to your 3 Series resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like backing into a parked car, colliding with a tree, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Liability car insurance – Liability coverage protects you from damage or injury you incur to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like legal defense fees, emergency aid, repair bills for other people’s vehicles and medical expenses. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for immediate expenses like ambulance fees, X-ray expenses, doctor visits and chiropractic care. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Take this to the bank

We just showed you quite a bit of information on how to reduce 2013 BMW 3 Series insurance prices online. The key concept to understand is the more providers you compare, the higher your chance of finding lower rates. Consumers could even find that the best prices are with some of the smallest insurance companies.

People who switch companies do it for a number of reasons such as being labeled a high risk driver, policy cancellation, delays in responding to claim requests and even questionable increases in premium. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

Budget-conscious insurance can be sourced on the web and also from your neighborhood agents, so you should compare both to have the best selection. Some companies may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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