View 2014 BMW 3 Series Gran Turismo Insurance Rates

Searching for better insurance rates for your BMW 3 Series Gran Turismo? Expensive insurance can dwindle your bank account and force you to prioritize other expenses. Comparison shopping is a smart way to tighten up your finances.

With consumers having so many options, it can be challenging to pick the lowest cost company.

It’s a great practice to compare prices once or twice a year because insurance rates trend upward over time. Even if you got the best price for 3 Series Gran Turismo coverage last year you may be paying too much now. Forget all the misinformation about insurance because you’re about to learn the proper way to buy cheaper insurance.

Choosing the best insurance company for you is quite easy. In a nutshell, anyone who is required by state law to have insurance should be able to find better rates. But consumers can benefit from knowing how big insurance companies price online insurance.

How to Get Cheap Insurance Coverage

When shopping for insurance coverage there are multiple ways of comparing price quotes and find the best price. The quickest method to find competitive 2014 BMW 3 Series Gran Turismo insurance rates consists of obtaining rate quotes online. This can be accomplished in several different ways.

  • The first (and easiest) way to get quotes for comparison is a comparison rater form like this one (opens in new window). This easy form eliminates the need for separate forms for every insurance coverage company. Taking the time to complete one form will get you rate comparisons from many national carriers.
  • A different way to get quotes online requires a visit to the website for every company you want to comare to complete a price quote. For example, we’ll pretend you want comparison quotes from Auto-Owners, Progressive and American Family. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

It’s your choice how you get your quotes, but ensure you’re using exactly the same deductibles and coverage limits on every quote you get. If the quotes have higher or lower deductibles then you won’t be able to determine the best price for your BMW 3 Series Gran Turismo. Slightly different limits may result in large price differences. And when price shopping your coverage, getting more free quotes gives you a better chance of getting lower pricing.

Advertising myths

Geico, State Farm and Progressive consistently run television and radio advertisements. All the companies make an identical promise of big savings if you change to them. How can each company say the same thing? It’s all in the numbers.

All companies are able to cherry pick for the driver that makes them money. A good example of a profitable customer might be profiled as a mature driver, owns a home, and drives less than 7,500 miles a year. Any new insured who matches those parameters will qualify for the lowest rates and most likely will save quite a bit of money when switching.

Potential customers who do not match the requirements will be quoted more money and this can result in business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save that much money. This is how companies can state the savings. This emphasizes why it’s extremely important to get a wide range of price quotes. It is impossible to predict which insurance coverage company will have the lowest BMW 3 Series Gran Turismo insurance rates.

BMW 3 Series Gran Turismo rates influenced by many factors

An important part of buying insurance is that you know the factors that come into play when calculating your insurance coverage rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that will entitle you to lower insurance coverage prices.

  • Always keep insurance in force – Driving without insurance is against the law and as a result your rates will increase for letting your coverage have a gap. Not only will you pay more, getting caught without coverage will get you a hefty fine and possibly a revoked license.You may have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • An active claims history can cost you – If you file claims often, you can pretty much guarantee higher rates. Car insurance companies award discounts to people who are claim-free. Insurance coverage is intended for the large, substantial claims.
  • Optional equipment can affect rates – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance coverage. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your vehicle from being stolen.
  • Better crash test results mean better rates – Vehicles with high crash test scores can get you lower premiums. These vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your BMW earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • High deductibles save money – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your BMW from damage. Some examples of claims that would be covered are collision with another vehicle, vandalism, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. The more the insured has to pay upfront, the less your insurance coverage will be for 3 Series Gran Turismo coverage.
  • Where do you drive? – The more miles you rack up on your BMW each year the higher your rates will be. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. If your policy improperly rates your 3 Series Gran Turismo may be wasting your money. Double check that your insurance coverage policy shows how each vehicle is driven, because it can save money.
  • Battle of the sexes – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are better drivers. They both have accidents in similar percentages, but the men have costlier accidents. Men also statistically receive more costly citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive insurance coverage rates.
  • Your insurance coverage rates can be influenced by your job – Jobs such as lawyers, business owners and stock brokers have the highest rates due to high stress and lots of time spent at work. On the other hand, professions such as actors, students and retirees get better rates for 3 Series Gran Turismo coverage.

Discounts mean cheaper BMW 3 Series Gran Turismo insurance rates

Companies don’t necessarily list every discount very well, so the following is a list of some of the best known and also the lesser-known insurance savings.

  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Multi-car Discount – Insuring more than one vehicle on one policy may reduce the rate for each vehicle.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same insurance company you may earn at least 10% off all policies.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Passive Restraints – Factory air bags can get savings up to 30%.
  • Organization Discounts – Being a member of a civic or occupational organization may earn a discount when shopping for insurance for 3 Series Gran Turismo coverage.

It’s important to understand that most discount credits are not given the the whole policy. Most only apply to individual premiums such as medical payments or collision. Just because you may think it’s possible to get free car insurance, companies wouldn’t make money that way.

To see a list of insurers with discount insurance rates, follow this link.

Tailor your coverage to you

When buying coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. These are some specific questions might help in determining whether you may require specific advice.

  • Should I buy additional glass protection?
  • Why does it cost so much to insure a teen driver?
  • Is my trailer covered?
  • How much liability coverage do I need in my state?
  • Which is better, split liability limits or combined limits?
  • Am I covered when using my vehicle for business?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about 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.

Car insurance coverage specifics

Having a good grasp of your car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average car insurance policy.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for bills such as nursing services, pain medications and doctor visits. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverages – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a deer, fire damage and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Auto liability insurance – Liability insurance will cover injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

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

Collision coverage – This will pay to fix damage to your 3 Series Gran Turismo resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as damaging your car on a curb, hitting a parking meter, backing into a parked car, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

In any little way, save everyday

When buying insurance coverage, do not sacrifice coverage to reduce premiums. There are many occasions where an insured dropped full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

Cheaper 2014 BMW 3 Series Gran Turismo insurance can be purchased online in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not provide online price quotes and most of the time these smaller companies sell through independent agents.

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