2015 BMW 3 Series Gran Turismo Car Insurance Cost – 7 Savings Tips

Want the cheapest insurance rates for your BMW 3 Series Gran Turismo? Trying to find the cheapest insurance for a BMW 3 Series Gran Turismo can be a painful process, but you can learn a few tricks to save time.

There are both good and bad ways to compare insurance rates and you need to know the best way to price shop coverage for a new or used BMW and obtain the best price possible either online or from local insurance agents.

Consumers need to compare prices occasionally since insurance rates change quite often. If you had the lowest rates for 3 Series Gran Turismo coverage on your last policy you may be paying too much now. Forget all the misinformation about insurance because you’re about to learn the best way to buy cheaper insurance.

Don’t miss out on these seven money-saving discounts

Car insurance can cost a lot, buy you may qualify for discounts to help offset the cost. A few discounts will automatically apply at the time you complete a quote, but less common discounts must be inquired about before you get the savings. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Homeowners Pay Less – Owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Sign Online – Certain companies give back up to $50 for buying your policy online.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% off your PIP or medical payments premium.
  • Discounts for Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less for 3 Series Gran Turismo coverage than drivers with accident claims.
  • Federal Employees – Employees or retirees of the government can save as much as 8% for 3 Series Gran Turismo coverage with select insurance companies.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you may reduce your total bill.

As a disclaimer on discounts, most discount credits are not given to the entire cost. A few only apply to individual premiums such as medical payments or collision. So even though it sounds like it’s possible to get free car insurance, companies wouldn’t make money that way. Any amount of discount will bring down the amount you have to pay.

Car insurance companies who might offer these benefits include:

It’s a good idea to ask each company which discounts you may be entitled to. Discounts may not apply in your state.

Do I need special coverages?

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether your personal situation could use an agent’s help.

  • I have health insurance so do I need medical payments coverage?
  • Will filing a claim cost me more?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered when driving in Canada or Mexico?
  • Exactly who is provided coverage by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

The car insurance bait and switch

Consumers can’t ignore all the ads for cheaper car insurance by companies like Allstate, Geico and Progressive. They all say the same thing of big savings if you change to them.

How does each company make almost identical claims? It’s all in the numbers.

Insurance companies have a certain “appetite” for the driver they prefer to insure. For instance, a desirable insured could possibly be between 30 and 50, a clean driving record, and drives less than 7,500 miles a year. A propective insured who meets those qualifications will qualify for the lowest rates and as a result will probably save when switching.

Drivers who don’t measure up to these standards will have to pay higher rates which leads to the customer not buying. The ads say “drivers who switch” not “everyone that quotes” save money. That’s the way insurance companies can confidently advertise the way they do.

Because of the profiling, you need to get as many comparisons as possible. It’s not possible to predict which company will provide you with the cheapest BMW 3 Series Gran Turismo insurance rates.

Auto insurance coverage specifics

Knowing the specifics of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your BMW 3 Series Gran Turismo.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverage

Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use 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 protects against claims like emergency aid, medical expenses and structural damage. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Collision protection

Collision insurance covers damage to your 3 Series Gran Turismo caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as backing into a parked car, sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive protection

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like fire damage, falling objects and a broken windshield. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for nursing services, hospital visits, ambulance fees, prosthetic devices and pain medications. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Power to the consumer

Insureds leave their current company for a variety of reasons including high prices, denial of a claim, not issuing a premium refund and extreme rates for teen drivers. Regardless of your reason for switching companies, choosing a new company can be pretty painless.

Budget-conscious 2015 BMW 3 Series Gran Turismo insurance is possible both online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who do not provide you the ability to get quotes online and these small, regional companies work with independent agents.

When you buy insurance online, it’s very important that you do not reduce coverage to reduce premium. Too many times, drivers have reduced physical damage coverage only to discover later that they should have had better coverage. Your strategy should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Additional insurance information can be read below: