Lower Your 2012 BMW 3 Series Insurance Quotes

Searching for the cheapest auto insurance rates for your BMW 3 Series? Sick and tired of robbing Peter to pay Paul each month for car insurance? You’re in the same situation as many other drivers. Lots of auto insurance companies contend to insure your vehicles, so it can be very hard to choose a company and get the best coverage at the best rate

Consumers need to compare rates at least once a year because prices go up and down regularly. Despite the fact that you may have had the best rates on 3 Series insurance a few years ago you may be paying too much now. Forget all the misinformation about auto insurance because you’re about to find out the quickest way to lower your rates without sacrificing coverage.

If you have a policy now or are just looking to switch companies, you can learn to get lower rates and still get good coverage. Finding the best rates is not that difficult. Drivers only need an understanding of the most efficient way to get comparison quotes over the internet.

You probably qualify for some discounts

Companies that sell car insurance don’t list every available discount in a way that’s easy to find, so we researched both the well known and also the lesser-known car insurance savings. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Driver Safety – Taking a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Low Mileage – Fewer annual miles on your BMW could be rewarded with a substantially lower rate.
  • Braking Control Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more on 3 Series insurance than drivers with accident claims.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • 55 and Retired – If you qualify as a senior citizen, you may receive reduced rates on 3 Series insurance.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less since new cars are generally safer.

It’s important to understand that most credits do not apply the the whole policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, car insurance companies aren’t that generous.

Insurance companies that may offer these discounts include:

It’s a good idea to ask every prospective company which discounts they offer. Discounts may not be available everywhere.

There’s no such thing as the perfect policy

When choosing the right insurance coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions might help in determining if your situation may require specific advice.

  • Why does it cost so much to insure a teen driver?
  • Do I need added coverage for expensive stereo equipment?
  • Should I rate my 2012 BMW 3 Series as pleasure use or commute?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Does medical payments coverage apply to all occupants?
  • Should I sign the liability waiver when renting a car?
  • If I drive on a suspended license am I covered?
  • How much can I save by bundling my policies?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Car insurance ads bend the truth

Consumers can’t get away from ads that promise big savings from companies such as Allstate, Geico and Progressive. All the companies make an identical promise that you’ll save big if you switch your policy.

But how can every company claim to save you money?

All companies can use profiling for the type of driver that earns them a profit. A good example of a desirable insured might be profiled as over the age of 50, has no tickets, and has excellent credit. A driver who matches those parameters will qualify for the lowest rates and therefore will save when they switch companies.

Potential insureds who are not a match for this ideal profile will be charged more money which usually ends up with the customer not buying. The ads state “drivers who switch” not “everybody who quotes” save that much money. That’s why companies can truthfully make those claims. That is why you should get as many quotes as possible. It is impossible to predict which car insurance company will provide you with the cheapest BMW 3 Series insurance rates.

Specific coverage details

Knowing the specifics of your policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverages found on most auto insurance policies.

Coverage for liability – Liability coverage can cover damage that occurs to people or other property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for 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. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like court costs, medical services and medical expenses. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your BMW 3 Series.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Coverage for medical expenses – Med pay and PIP coverage reimburse you for immediate expenses for things like doctor visits, prosthetic devices, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Comprehensive auto insurance – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like damage from flooding, rock chips in glass and theft. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage – Collision coverage covers damage to your 3 Series resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as rolling your car, damaging your car on a curb, backing into a parked car, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Make an honest buck

When you buy insurance online, make sure you don’t reduce coverage to reduce premium. There are too many instances where an insured dropped collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at the best price while still protecting your assets.

Throughout this article, we presented some good ideas how you can lower your 2012 BMW 3 Series insurance rates. The most important thing to understand is the more companies you get rates for, the higher your chance of finding lower rates. You may even discover the lowest premiums are with the least-expected company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like Geico and State Farm.

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