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BMW 3 Series Insurance Rates

Comparing auto insurance online is easy, plus you may find lower rates. The key is to compare as many rate quotes as possible in order to have the best prices.

Beginners to buying insurance may think buying cheap 3 Series insurance is very challenging. Finding a better price on auto insurance is not rocket science. Consumers just need to spend a few minutes to compare quotes from different insurance companies. This can be done by comparing rates here.

Rates are determined by these factors

Insurance premiums for a BMW 3 Series will vary greatly based upon several criteria. Including but not limited to:

  • Your driving record
  • Your credit history
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • Crash test rating for your 3 Series
  • Whether or not you have claims
  • Maintaining coverage lowers rates
  • Home ownership saves money

One important consideration that can impact your rates is the age of the vehicle. Newer models have a higher value compared to older BMW models so repair costs are higher which will push premiums up. But newer models have more advanced features including dual-stage airbags, tire pressure monitors, and blind-spot warning system so those may lower rates.

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

Liability coverage - Liability insurance protects you from damage or injury you incur to other people or property. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so buy as much as you can afford.

Collision coverages - This coverage pays for damage to your BMW caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder. 3 Series collision insurance is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive coverage - Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay. The maximum amount your auto insurance company will pay is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured and underinsured coverage - Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. 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.

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for immediate expenses like EMT expenses, pain medications, and nursing services. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. PIP is not available in all states and gives slightly broader coverage than med pay.

How Much are BMW 3 Series Insurance Rates?