2000 BMW 3 Series Insurance Rates – 10 Tips for Best Quotes

Looking for lower insurance coverage rates? Shoppers have many options when shopping for the best price on BMW 3 Series insurance. You can either waste hours calling around trying to get quotes or utilize the internet to compare rates.

There is a better way to find insurance coverage online and we’ll show you the proper way to compare rates on a BMW and obtain the cheapest rates from local insurance agents and online providers.

The purpose of this post is to teach you how to effectively get price quotes and some tips to save money. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these methods. Vehicle owners only need an understanding of the tricks to compare rates online.

How to Compare Auto Insurance

Getting a cheaper price on 2000 BMW 3 Series insurance can be relatively painless. The only requirement is to take a couple of minutes to compare rate quotes provided by online insurance companies. This can be done in just a few minutes using one of these methods.

  1. Probably the best way to get quotes is to use a rate comparison form like this one (opens in new window). This easy form saves time by eliminating separate quote forms to each individual auto insurance company. Completing one form will get you price quotes from auto insurance companies with the best prices.It’s the quickest way to get rates.
  2. Another way to shop for auto insurance online is spending the time to visit the website of each company and request a quote. For sake of this example, let’s say you want comparison quotes from Progressive, Farmers and Geico. You would have to visit each site and enter your policy data, and that’s why the first method is more popular. To view a list of companies in your area, click here.

Whichever way you use, double check that you are using identical deductibles and coverage limits with each company. If you compare higher or lower deductibles then you won’t be able to decipher which rate is best.

Do you qualify for a discount?

Car insurance is not cheap, buy you may qualify for discounts to help offset the cost. Certain discounts will be applied at the time of purchase, but a few must be manually applied prior to getting the savings. If you’re not getting every credit possible, you are throwing money away.

  • No Charge for an Accident – A handful of insurance companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Drive Less and Save – Keeping the miles down on your BMW can qualify you for lower rates on the low mileage vehicles.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use a seat belt can save up to 15% off the personal injury premium cost.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Drivers Ed for Students – Have your child take driver’s ed class if offered at their school.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy could earn a price break for each car.
  • Theft Prevention System – Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for reduced rates on 3 Series insurance.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Discount for Swiching Early – A few companies offer discounts for signing up before your current expiration date. The savings is around 10%.

Keep in mind that most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. But all discounts will bring down your overall premium however.

For a list of companies with discount auto insurance rates, click here to view.

What coverages do I need?

When choosing proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining if your insurance needs might need an agent’s assistance.

  • Do I need more liability coverage?
  • Is my babysitter covered when using my vehicle?
  • What if I total my 2000 BMW 3 Series and owe more than it’s worth?
  • Is motorclub coverage worth it?
  • Do I benefit by insuring my home with the same company?
  • Am I covered by my spouse’s policy after a separation?
  • Does my insurance cover a custom paint job?
  • Am I getting all the discounts available?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and may give you better protection.

Insurance coverages 101

Having a good grasp of your policy can help you determine the best coverages for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive coverages

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from flooding, theft, a broken windshield and vandalism. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses such as funeral costs, ambulance fees and doctor visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

This coverage will pay to fix damage to your 3 Series from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as colliding with a tree, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability insurance will cover damage or injury you incur to people or other property that is your fault. This coverage protects you against other people’s claims, and 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. You might see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like structural damage, repair costs for stationary objects, loss of income and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Don’t throw your cash in the trash

Cheap 2000 BMW 3 Series insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online quoting and these small, regional companies work with independent agents.

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. In too many instances, someone dropped collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase plenty of coverage at the best price while still protecting your assets.

In this article, we covered a lot of information how to reduce insurance prices online. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from a small local company.

More detailed insurance coverage information is available by following these links: