Lower Your 1999 BMW 3 Series Insurance Cost

Looking for better auto insurance rates for your BMW 3 Series? Having to pay for overpriced auto insurance can dwindle your savings account, especially in this economy. Shopping your coverage around is a great way to slash your bill and have more diposable income. You have multiple insurance companies to buy insurance from, and although it’s nice to have multiple companies, it makes it harder to find the lowest cost provider.

Consumers need to compare prices every six months since insurance rates change regularly. Despite the fact that you may have had the lowest price on 3 Series insurance a couple years back there is a good chance you can find better rates now. So ignore everything you know about auto insurance because we’re going to show you one of the easiest ways to reduce your cost while increasing coverage.

Buying more affordable protection is not that difficult. If you have a current insurance policy or need new coverage, you can follow these tips to find the best rates and possibly find even better coverage. Consumers only need to know how to find the lowest price over the internet.

Don’t miss out on these money-saving discounts

Insuring your vehicles can cost a lot, but companies offer discounts that you may not know about. A few discounts will automatically apply when you quote, but some must be asked for before you get the savings. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Good Student – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
  • Defensive Driver – Taking a driver safety course could save 5% or more if your company offers it.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Senior Citizens – Older drivers may receive a small decrease in premiums on 3 Series insurance.
  • Low Mileage Discounts – Driving fewer miles can earn better rates on cars that stay parked.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on 3 Series insurance than drivers with accidents.

It’s important to note that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, car insurance companies aren’t that generous. But any discount will help reduce your premiums.

To see a list of companies with the best car insurance discounts, click this link.

Quick Car Insurance Quotes

Shopping for lower car insurance rates can take time and effort if you aren’t aware of the easiest way. You can spend countless hours talking to agents in your area, or you could use online quoting to get prices fast.

The majority of car insurance companies belong to an insurance system where prospective buyers submit one quote, and every company can provide price quotes based on that information. This system prevents you from having to do quote forms for every car insurance company.

To access this free quoting program, click here (opens in new window).

The one disadvantage to pricing coverage this way is that you can’t choose the providers you want pricing from. So if you want to select individual companies to compare prices, we have assembled a list of low cost car insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but make absolute certain that you use the exact same coverages and limits for each comparison quote. If you use differing limits it will be next to impossible to determine which rate is truly the best.

Factors that can influence insurance rates for a BMW 3 Series

Smart consumers have a good feel for the rating factors that come into play when calculating the rates you pay for auto insurance. Knowing what impacts premium levels empowers consumers to make smart changes that will entitle you to better auto insurance rates.

  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Men and women cause accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to have more aggressive citations like DUI and reckless driving. Young males are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.
  • Your job and insurance rates – Careers like real estate brokers, business owners and stock brokers tend to have the highest rates attributed to stressful work requirements and long work hours. On the other hand, professions such as actors, students and the unemployed receive lower rates on 3 Series insurance.
  • Better credit means lower rates – Having a bad credit score is a huge factor in determining your rates. If your credit score is lower than you’d like, you could potentially save money when insuring your 1999 BMW 3 Series by repairing your credit. People with high credit ratings tend to be more responsible than drivers with poor credit.
  • Older drivers save more – Older drivers are viewed as being more responsible, file fewer claims and receive fewer citations. Youthful drivers tend to be less responsible behind the wheel and because of this, their auto insurance rates are much higher.

Do I need special coverages?

When buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions might help in determining whether or not you might need professional guidance.

  • Are all vehicle passengers covered by medical payments coverage?
  • What is PIP insurance?
  • Should I buy only the required minimum liability coverage?
  • Am I covered if I hit my neighbor’s mailbox?
  • How can I get high-risk coverage after a DUI?
  • Can I afford low physical damage deductibles?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I need replacement cost coverage?
  • Does my 1999 BMW 3 Series qualify for pleasure use?
  • Is my camper covered by my car insurance policy?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Drivers who switch save $492 a year? Really?

Consumers can’t ignore all the ads for cheaper car insurance from companies such as State Farm, Geico and Progressive. All the ads make an identical promise of big savings if you move your policy.

How can each company claim to save you money?

All companies can use profiling for the right customer they prefer to insure. For example, a desirable insured might be between the ages of 40 and 55, a clean driving record, and has excellent credit. A customer that hits that “sweet spot” will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential customers who don’t meet these standards will be quoted higher rates which leads to the customer not buying. The ad wording is “people who switch” not “people who quote” save that much money. This is how companies can truthfully make the claims of big savings.

This emphasizes why you absolutely need to compare many company’s rates. It is impossible to predict which car insurance company will fit your personal profile best.

Learn about car insurance coverages for a 1999 BMW 3 Series

Knowing the specifics of your car insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverages available from car insurance companies.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, theft, damage from a tornado or hurricane, hitting a bird and a tree branch falling on your vehicle. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like hospital visits, funeral costs, doctor visits, nursing services and ambulance fees. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability car insurance – This protects you from damage that occurs to people or other property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like attorney fees, medical services, repair costs for stationary objects, structural damage and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your BMW 3 Series.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Collision coverages – Collision coverage will pay to fix damage to your 3 Series resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as sustaining damage from a pot hole, hitting a mailbox, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Save your hard earned cash

Cheap 1999 BMW 3 Series insurance can be purchased both online and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. A few companies may not provide online quoting and these smaller companies work with independent agents.

We just showed you a lot of techniques to lower your insurance rates. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the most savings is with some of the smallest insurance companies. These companies can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

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