How Much Does 2007 BMW 3 Series Insurance Cost?

Searching for better insurance coverage rates for your BMW 3 Series? Expensive insurance coverage can dwindle your savings account and force you to make sacrifices. Comparison shopping is a great way to lower your monthly bill.

Drivers have so many insurers to buy insurance from, and although it’s nice to have a selection, lots of choices makes it harder to adequately compare rates.

Consumers need to shop coverage around periodically because prices fluctuate regularly. Just because you had the lowest price for 3 Series insurance two years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about insurance coverage online but I’m going to show you the easiest ways to find cheap insurance coverage.

Buying car insurance is quite easy. Basically, every driver who is shopping for auto insurance most likely will be able to lower their premiums. But drivers benefit from understanding the way insurance companies determine prices and use this information to your advantage.

Pay less by taking advantage of discounts

Companies that sell car insurance don’t always list all their discounts very well, so we researched both the well known and also the lesser-known savings tricks you should be using.

  • Good Student Discount – This discount can get you a discount of up to 25%. The good student discount can last up until you turn 25.
  • Memberships – Affiliation with a professional or civic organization could trigger savings when buying car insurance for 3 Series insurance.
  • One Accident Forgiven – Certain companies will allow you to have one accident before raising your premiums if your claims history is clear for a certain period of time.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Passive Restraints – Cars that have air bags or motorized seat belts may earn rate discounts of up to 25% or more.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.

It’s important to note that most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.

For a list of providers offering car insurance discounts, click this link.

Which Car Insurance is Cheapest?

All major car insurance companies give price estimates on the web. The process is pretty painless as you simply type in the coverages you want into a form. Behind the scenes, the company’s rating system orders your driving and credit reports and generates a price based on many factors. Quoting online makes comparing rates easy, but the work required to visit many different websites and type in the same information is not the best way to spend an afternoon. Unfortunately, it is important to have as many quotes as possible in order to get a lower rate.

There is a better way!

The smarter way to compare rates requires only one form that obtains quotes from multiple companies. The form is fast, helps eliminate reptitive entry, and makes online quotes a lot less work. Once the form is submitted, it is rated and you can select any or none of the resulting price quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the new coverage. This process takes 15 minutes at the most and may result in a nice savings.

To save time and find out how much you can save on car insurance, click here to open in a new tab and complete the simple form. To compare your current rates, we recommend you input deductibles and limits identical to your current policy. This helps ensure you will receive rate comparison quotes for similar coverage.

Your coverage should be tailored to you

When it comes to choosing the best auto insurance coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.

  • Are my friends covered when driving my 2007 BMW 3 Series?
  • If I drive on a suspended license am I covered?
  • Is my teenager covered with friends in the car?
  • Should I waive the damage coverage when renting a car?
  • Is pleasure use cheaper than using my 2007 BMW 3 Series to commute?
  • Can I drive in Mexico and have coverage?
  • Are all vehicle passengers covered by medical payments coverage?

If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Coverage specifics

Knowing the specifics of auto insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages available from auto insurance companies.

Coverage for liability – This provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things such as bail bonds, attorney fees, funeral expenses and medical services. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for bills such as pain medications, dental work, funeral costs, nursing services and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a broken windshield, hail damage and hitting a bird. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision – Collision coverage pays for damage to your 3 Series from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, rolling your car, crashing into a building, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your BMW 3 Series.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Be a money saver!

We’ve covered a lot of information how to lower your 2007 BMW 3 Series 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. You may even discover the lowest premiums are with the smaller companies. They may only write in your state and offer lower rates than their larger competitors like Allstate, Geico and Progressive.

Budget-conscious insurance is attainable from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies don’t offer you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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