1997 BMW 8 Series Insurance Cost

I can’t think of a single person who enjoys paying for auto insurance, especially when the price is too high. You have multiple auto insurance companies to insure vehicles with, and although it’s nice to be able to choose, too many choices makes it more difficult to locate the cheapest rates.

It’s a good habit to check auto insurance prices before your policy renews due to the fact that insurance rates go up and down regularly. Just because you had the best rates on 8 Series coverage last year other companies may now be cheaper. Ignore everything you know about auto insurance because we’re going to demonstrate the fastest and easiest way to eliminate unnecessary coverages and save money.

Auto Insurance Quote Comparison

Getting a cheaper price on 1997 BMW 8 Series insurance can be relatively painless. Just take the time getting comparison quotes provided by online insurance companies. This can be accomplished in just a few minutes using one of these methods.

  1. The recommended way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This type of form keeps you from doing multiple quote forms for each company. One form will get you rate comparisons from all major companies.
  2. A more difficult way to get quotes online requires a trip to the website for each individual company to request a price quote. For example, we’ll assume you want rates from Geico, State Farm and American Family. To get each rate you have to go to every website to enter your coverage information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

Whichever method you choose, make sure you use the exact same quote information with every price quote. If you use differing limits it’s impossible to make a fair comparison for your BMW 8 Series.

Save $421 a year? Really?

Consumers can’t get away from ads for the lowest price auto insurance by companies like Geico, State Farm and Progressive. They all make the same claim that you’ll save big if you move to them.

But how can every company claim to save you money? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of customer that is profitable for them. A good example of a desirable insured might be profiled as over the age of 50, has no tickets, and drives newer vehicles. Any driver who fits that profile will get the preferred rates and therefore will save when they switch companies.

Drivers who don’t meet this ideal profile will be quoted a higher premium which leads to the driver buying from a lower-cost company. The ad wording is “customers who switch” not “people who quote” save that kind of money. That’s the way insurance companies can confidently advertise the way they do. This emphasizes why drivers must compare as many rates as you can. Because you never know the company that will have the lowest BMW 8 Series insurance rates.

Don’t overlook these discounts

Companies do not advertise every discount in an easy-to-find place, so here is a list some of the more common as well as the least known ways to save on car insurance. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Federal Government Employee – Simply working for the federal government may qualify you for a discount on 8 Series coverage with certain companies.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The discount lasts up to age 25.
  • Sign Online – Certain companies give back up to $50 just for signing your application online.
  • Homeowners Pay Less – Owning a house may earn you a small savings because owning a home shows financial diligence.
  • Passive Restraints – Factory air bags can qualify for discounts of more than 20%.

It’s important to understand that many deductions do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

For a list of insurance companies with discount car insurance rates, click this link.

Is my situation unique?

When choosing adequate coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every situation is different and your policy should reflect that. For example, these questions could help you determine whether you might need an agent’s assistance.

  • What are the financial responsibility laws in my state?
  • When should my teen driver be added to my policy?
  • How much liability insurance is required?
  • Am I covered when pulling a rental trailer?
  • What is high-risk coverage and where do I buy it?
  • Does my insurance cover a custom paint job?
  • Am I covered if I drive in a foreign country?
  • What are the best liability limits?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Who is covered by my policy?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Coverage specifics

Having a good grasp of your insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your BMW 8 Series.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Auto liability

Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims such as medical expenses, repair costs for stationary objects, loss of income and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive insurance

This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, vandalism and rock chips in glass. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision protection

This covers damage to your 8 Series caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as damaging your car on a curb, colliding with a tree, backing into a parked car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like doctor visits, ambulance fees, prosthetic devices and surgery. They are used to fill the gap from your health insurance program or if you do not have health coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Saving money makes a lot of cents

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice physical damage coverage and discovered at claim time that they should have had better coverage. Your aim should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

You just read a lot of tips how to reduce 1997 BMW 8 Series insurance prices online. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. Drivers may discover the biggest savings come from the least-expected company. Smaller companies often have lower prices on specific markets than their larger competitors like State Farm or Progressive.

Additional information is located at the links below