Vehicles > BMW > 3 Series

BMW 3 Series Insurance Cost

Buying car insurance through online companies can be fast and easy and at the same time you will probably save money. The most important part is to take the time to get as many rate quotes as possible in order to accurately compare the lowest rate quotes.

If you're new to shopping for car insurance online, it's easy to be confused by the hoards of car insurance companies competing for your business. To find the best car insurance prices, there are several ways of comparing rates from car insurance companies in your area. By far the easiest way to find the cheapest 3 Series insurance rates is to get quotes online. It is quite easy and can be accomplished by getting a quick quote here.

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Which factors influence your insurance rates?

Insurance rates for a BMW 3 Series can vary widely depending on several factors. Taken into consideration are:

  • A clean driving record keeps rates low
  • Credit rating
  • Male rates may be higher
  • The deductible you choose
  • Your vehicle's safety rating
  • Your profession
  • The amount of protection requested
  • Whether you rent or own your home

One last important factor that helps determine the rate you pay on your BMW is the year of manufacture. Older models have a reduced actual cash value so repair costs tend to be lower which may result in lower rates. But newer vehicles may have options including a telematics system, a collision avoidance system, tire pressure monitors, and traction control which can help offset higher rates.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Coverage for liability

This coverage can cover damages or injuries you inflict on other people or property in an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so purchase higher limits if possible.

Collision insurance

Collision insurance covers damage to your BMW caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in. 3 Series collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when the "other guys" either are underinsured or have no liability coverage at all. Since many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not an option in every state and may carry a deductible.

How Much are BMW 3 Series Insurance Rates?