How Much Does 1994 BMW 3 Series Car Insurance Cost?

Did you make the mistake of buying an expensive insurance policy? You’re in good company because there are lots of people in the same boat. You have so many auto insurance companies to buy insurance from, and although it’s nice to have multiple companies, it can be more difficult to find a good deal.

It’s important to check insurance prices once or twice a year because rates tend to go up over time. If you had the best premium rates on 3 Series insurance on your last policy you can probably find a better price now. Forget all the misinformation about insurance because you’re about to learn the right way to save on insurance.

These discounts can lower your insurance coverage rates

Insuring your fleet can be pricey, but you may qualify for discounts to help bring down the price. A few discounts will be applied at the time you complete a quote, but some discounts are required to be inquired about before they will apply.

Defensive Driving Course – Passing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
Senior Citizen Rates – If you’re over the age of 55, you can get a discount up to 10% on 3 Series insurance.
Telematics Devices – Insureds who allow their company to monitor driving habits through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they are good drivers.
ABS Brakes – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
Club Memberships – Participating in qualifying employment or professional organizations is a simple method to lower premiums on your next renewal.
Drivers Ed for Students – Teen drivers should enroll in driver’s education if offered at their school.
Military Deployment Discount – Being deployed with a military unit could mean lower prices.
Homeowners Savings – Owning your own home or condo can save a few bucks since home ownership is proof of financial responsibility.
Smart Student Discounts – This discount can earn a discount of 20% or more. This discount can apply up until you turn 25.

Don’t be surprised that some credits don’t apply to the overall cost of the policy. Most only cut individual premiums such as comprehensive or collision. Despite the fact that it seems like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous. Any qualifying discounts will bring down your overall bill.

A few popular companies and a partial list of their discounts are shown below.

GEICO offers premium reductions for air bags, five-year accident-free, membership and employees, defensive driver, anti-theft, good student, and multi-vehicle.
USAA may have discounts that include driver training, safe driver, military installation, multi-policy, family discount, new vehicle, and good student.
Progressive policyholders can earn discounts including online quote discount, continuous coverage, online signing, multi-vehicle, and good student.
American Family discounts include bundled insurance, air bags, good driver, Steer into Savings, and mySafetyValet.
Esurance may offer discounts for claim free, DriveSense, multi-car, anti-theft, homeowner, and defensive driver.
Farmers Insurance has discounts for alternative fuel, distant student, pay in full, early shopping, mature driver, and electronic funds transfer.
State Farm has savings for Steer Clear safe driver discount, defensive driving training, Drive Safe & Save, good student, and safe vehicle.

Double check with every insurance company how you can save money. Some discounts may not be available in your area. For a list of insurers that offer the discounts shown above, click this link.

How to get insurance quotes

Lowering your 1994 BMW 3 Series insurance rates doesn’t have to be difficult. All you need to do is spend a few minutes to compare free car insurance quotes to find. Comparing prices online can be done in a couple of different ways.

The most recommended method to get the best comparison quotes is an all-inclusive rate comparison click here to open form in new window. This quick form eliminates the need for separate forms for every prospective company. A single form gets insurance cost estimates from all major companies.
A more time consuming way to shop for insurance online consists of going to the website for every company you want to comare and repeat the quote process. For sake of this example, let’s assume you want comparison quotes from Allstate, GEICO and GMAC. You would be required to visit each site and enter your policy data, which is why most consumers use the first method.
For a list of links to companies insuring cars in your area, click here.
The least recommended method to quote and compare insurance rates is to drive around to and from local insurance agencies. Comparing rate quotes online eliminates the middleman unless you prefer the professional advice of a licensed agent. It is possible to comparison shop online but have your policy serviced through an agent.

Whichever way you use, try to keep equivalent coverage limits on every quote. If you enter higher or lower deductibles you will not be able to determine which company has the best rates.

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Different people need different car insurance coverages

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help highlight whether you might need professional guidance.

Am I covered when driving someone else’s vehicle?
When does my teenage driver need to be added to my policy?
Who is covered by my policy?
What is an SR-22 filing?
Should I have a commercial auto policy?
Will filing a claim cost me more?
Does my 1994 BMW 3 Series qualify for pleasure use?
Is my dog or cat covered if injured in an accident?

If you can’t answer these questions, 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. It’s fast, doesn’t cost anything and can help protect your family.

Specific coverage details

Learning about specific coverages of auto insurance aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average auto insurance policy.

Collision coverages – Collision insurance will pay to fix damage to your 3 Series caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, hitting a parking meter, sideswiping another vehicle, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability coverage – Liability insurance provides protection from damage that occurs to other’s property or people that is your fault. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as attorney fees, pain and suffering, bail bonds, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical expenses – Med pay and PIP coverage kick in for immediate expenses for chiropractic care, nursing services, doctor visits and funeral costs. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your BMW 3 Series.

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. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive auto insurance – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, falling objects, fire damage and a broken windshield. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Shop Smart and Save

We’ve covered a lot of ways to reduce 1994 BMW 3 Series insurance car insurance rates online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your premium rates. Consumers may even find the lowest car insurance rates are with a lesser-known regional company. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Allstate or State Farm.

Cheaper 1994 BMW 3 Series insurance can be found both online and from local insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not offer online price quotes and usually these smaller providers sell through independent insurance agents.