How Much Does 2010 BMW 3 Series Car Insurance Cost?

Trying to find cheaper car insurance rates for your BMW 3 Series? Nobody cherishes buying car insurance, especially when they are paying too much. Lots of auto insurance companies contend to insure your vehicles, and it can be difficult to compare rates to find the cheapest price

If you have a policy now or need new coverage, you can use this information to reduce the price you pay and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Drivers only need an understanding of the proper way to buy car insurance over the internet.

How to Lower Your Auto Insurance Cost

Finding a lower price on 2010 BMW 3 Series insurance can be relatively painless. Drivers just need to take a few minutes to get quotes online from several insurance companies. This is very easy and can be done in several different ways.

One of the best ways consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This form saves time by eliminating a different quote for each company. One form submission will get you price quotes instantly.

A more time consuming way to compare rate quotes requires a visit to the website for each individual company and complete a new quote form. For sake of this example, let’s say you want to compare Farmers, Esurance and Progressive. 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.

It’s up to you which method you use, but ensure you’re using exactly the same deductibles and coverage limits for every quote you compare. If you compare different values for each quote you can’t possibly make an equal comparison.

Discounts can save BIG

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. Some discounts apply automatically when you quote, but some may not be applied and must be specially asked for before being credited. If you’re not getting every credit possible, you are paying more than you should be.

  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may save 10% to 20% off each policy.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Memberships – Being a member of a professional or civic organization could trigger savings when buying car insurance for 3 Series insurance.
  • Defensive Driving Course – Completing a defensive driving course could save 5% or more if your company offers it.
  • Use Seat Belts – Requiring all passengers to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as comprehensive or collision. Even though it may seem like you could get a free car insurance policy, it just doesn’t work that way. But any discount will reduce your overall premium however.

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

Will just any policy work for me?

When it comes to choosing the right insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.

  • Am I covered if my car is in a flood?
  • How high should deductibles be on a 2010 BMW 3 Series?
  • When should I buy a commercial auto policy?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does my personal policy cover me when driving out-of-state?
  • If my 2010 BMW 3 Series is totaled, can I afford another vehicle?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

BMW 3 Series insurance rates are influenced by…

An important part of buying insurance is that you know some of the elements that go into determining the rates you pay for car insurance. Having a good understanding of what determines base rates helps enable you to make changes that could result in lower car insurance prices.

Listed below are some of the factors that factor into premiums.

  • Your location is important – Being located in a rural area can be a good thing when talking about car insurance. Fewer drivers means a lower chance of having an accident and a lower car theft rate. Drivers who live in large cities have much more traffic to deal with and longer commute times. More time commuting means more change of being in an accident.
  • Your spouse saves you money – Having a spouse can get you a discount when buying car insurance. Having a significant other translates into being more mature and responsible and it’s statistically proven that drivers who are married are more cautious.
  • How’s your driving record? – Even a single citation can increase rates by twenty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations like DWI, reckless driving or hit and run convictions may be required to file a SR-22 with their state DMV in order to keep their license.
  • Always keep insurance in force – Allowing your car insurance policy to lapse will be a quick way to trigger a rate increase. And not only will your rates increase, but not being able to provide proof of insurance may earn you a revoked license or a big fine.
  • Men are more aggressive – Statistics have proven that women are safer drivers than men. Now that doesn’t mean men are worse drivers. Women and men are in accidents in similar percentages, but the men tend to have more serious accidents. Men also statistically receive more costly citations such as DWI and reckless driving.

What auto insurance coverages do you need?

Having a good grasp of your auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 3 Series.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Liability – This can cover damages or injuries you inflict on other people or property. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as bail bonds, legal defense fees, court costs and structural damage. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Comprehensive coverage (or Other than Collision) – This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like falling objects, theft, rock chips in glass, hitting a deer and a broken windshield. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for ambulance fees, dental work, surgery and funeral costs. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverages – Collision insurance pays for damage to your 3 Series from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a ditch, scraping a guard rail and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

A penny earned…

In this article, we covered a lot of ways to get a better price on 2010 BMW 3 Series insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. You may be surprised to find that the most savings is with the smaller companies. Regional companies may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are too many instances where an insured cut collision coverage and discovered at claim time that it was a big error on their part. Your aim should be to find the BEST coverage at the best price.

Additional auto insurance information is available at the links below