View 2003 BMW 3 Series Car Insurance Cost

Want better insurance coverage rates for your BMW 3 Series? Searching for cheap insurance coverage online is rather challenging for beginners to shopping for insurance online. With dozens of insurers available, how can drivers have a chance to compare them all to find the lowest price?

It’s a good idea to compare rates quite often due to the fact that insurance rates tend to go up over time. Just because you had the lowest rates for 3 Series insurance two years ago other companies may now be cheaper. You can find a lot of wrong information about insurance coverage on the web, but I’m going to show you some great ideas on how to reduce your insurance coverage bill.

These discounts can lower your rates

Companies that sell car insurance don’t always publicize all their discounts in a way that’s easy to find, so we break down both the well known and the harder-to-find discounts you could be receiving.

  • Multi-policy Discount – If you have multiple policies with one insurance company you will save at least 10% off all policies.
  • Lower Rates for Military – Having a deployed family member could be rewarded with lower premiums.
  • Federal Government Employee – Employees or retirees of the government may qualify you for a discount for 3 Series insurance with select insurance companies.
  • Sign Online – A handful of insurance companies will give a small break simply for signing on their website.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • Homeowners Pay Less – Owning a house may trigger a car insurance policy discount due to the fact that maintaining a home requires personal responsibility.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, car insurance companies aren’t that generous.

Insurance companies that may have these benefits are:

It’s a good idea to ask each company what discounts are available to you. Savings may not apply everywhere.

How to Get Auto Insurance

There are several ways to compare rate quotes from auto insurance companies in your area. The quickest method to find the lowest 2003 BMW 3 Series rates is simply to get online rate quotes. This can be accomplished in just a few minutes using one of these methods.

One of the simplest ways to get quotes would be an industry-wide quote request form (click to open form in new window). This method eliminates the need for separate quotes for every auto insurance company. Completing one form gets rate comparisons from many national carriers. This is by far the quickest method.

Another way to analyze rates is spending the time to visit the website of each company to complete a price quote. For sake of this example, we’ll pretend you want to compare rates from USAA, Allstate and Geico. You would have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

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

The hardest way of comparing rate quotes is to spend your day driving to and from local insurance agencies. Buying insurance online has reduced the need for local agents unless you prefer the personal advice that only a license agent can provide. Drivers can compare online quotes and get advice from an agent in your area and we’ll cover that in a bit.

It’s your choice how you get your quotes, but be sure to compare exactly the same information for every quote you compare. If your comparisons have differing limits you will not be able to determine the lowest rate for your BMW 3 Series. Slightly different limits can mean a large discrepancy in price. And when comparison shopping, having more price comparisons will increase your chances of finding a lower rate.

Different people need different coverages

When choosing proper insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that may help you determine whether your personal situation will benefit from professional help.

  • What if I total my 2003 BMW 3 Series and owe more than it’s worth?
  • How does medical payments coverage work?
  • Are my friends covered when driving my car?
  • Are rental cars covered under my policy?
  • Why does it cost so much to insure a teen driver?
  • What if I don’t agree with a claim settlement offer?
  • What is roadside assistance coverage?
  • Should I drop comprehensive coverage on older vehicles?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Educate yourself about car insurance coverages

Knowing the specifics of your policy can help you determine appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and coverage can change by endorsement.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sustaining damage from a pot hole, sideswiping another vehicle, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your BMW 3 Series.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverages

Liability coverage will cover damage or injury you incur to other’s property or people. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims like medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like falling objects, hitting a deer, theft and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like dental work, hospital visits, chiropractic care, EMT expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Save your hard earned cash

Consumers change insurance companies for a variety of reasons including high prices, extreme rates for teen drivers, being labeled a high risk driver or poor customer service. It doesn’t matter why you want to switch switching auto insurance companies is actually quite simple.

Affordable 2003 BMW 3 Series insurance is possible online as well as from independent agents, so you should compare both to have the best rate selection. Some companies don’t offer the ability to get a quote online and these smaller companies work with independent agents.

When trying to cut insurance costs, never reduce coverage to reduce premium. In many cases, an insured cut uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. Your strategy should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

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