Cheap 1995 BMW 3 Series Car Insurance Quotes

Are you at wits end from scraping nickels together to buy auto insurance? Your situation is no different than many other consumers.

Because you have many different company options, it is very difficult to pick a lower cost insurer.

It’s a great practice to do price comparisons yearly since insurance rates go up and down regularly. Just because you had the lowest rate on 3 Series insurance a few years ago other companies may now be cheaper. Forget all the misinformation about auto insurance because I’m going to teach you how to use online quotes to properly buy coverages and cut your premium.

How to compare insurance coverage quotes

Comparing insurance coverage rates is a ton of work if you don’t utilize the easiest way. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you can stay home and use online quoting to get pricing more quickly.

Most of the best insurance companies participate in a marketplace where prospective buyers complete one form, and each company can give them a price based on that information. This system prevents you from having to do repetitive form submissions for each company. To compare rates using this form now click here (opens in new window).

The single downside to using this type of system is you can’t choose the insurers you want to price. So if you prefer to pick from a list of companies for rate comparison, we have a listing of low cost insurance coverage companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make sure you are using the same coverages on every quote. If your comparisons have different data you will not be able to truly determine the lowest rate. Quoting even small variations in coverages can make a big difference in price. And when comparison shopping, comparing a wide range of rates gives you a better chance of getting the best price.

Insurance coverage policy discounts

Auto insurance companies don’t always publicize all their discounts very clearly, so we took the time to find a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy auto insurance online. If you do not double check each discount you qualify for, you could be getting lower rates.

  • Multi-Vehicle Discounts – Buying coverage for more than one vehicle on the same insurance coverage policy may reduce the rate for each vehicle.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower rates.
  • Cautious Drivers – Drivers who avoid accidents may save up to 50% more on 3 Series insurance as compared to drivers with claims.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course in school or through a local driver safety program.
  • Telematics Data Discounts – People who choose to allow data collection to scrutinize driving manner by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they are good drivers.
  • Pay Early and Save – By paying your entire bill at once instead of paying each month you can avoid monthly service charges.
  • Low Mileage Discounts – Driving fewer miles may enable drivers to earn lower prices on the low mileage vehicles.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though you would think it’s possible to get free car insurance, you’re out of luck.

The best insurance coverage companies and a selection of discounts can be found below.

  • State Farm has discounts for multiple autos, multiple policy, good driver, driver’s education, Drive Safe & Save, anti-theft, and Steer Clear safe driver discount.
  • GEICO includes discounts for federal employee, daytime running lights, anti-lock brakes, membership and employees, five-year accident-free, driver training, and multi-vehicle.
  • Progressive has savings for homeowner, multi-vehicle, online signing, online quote discount, good student, and continuous coverage.
  • 21st Century may have discounts that include 55 and older, good student, defensive driver, air bags, student driver, anti-lock brakes, and driver training.
  • American Family offers premium reductions for good student, multi-vehicle, air bags, Steer into Savings, mySafetyValet, and defensive driver.
  • The Hartford may offer discounts for driver training, defensive driver, vehicle fuel type, anti-theft, good student, bundle, and air bag.
  • AAA offers discounts for good student, pay-in-full, AAA membership discount, education and occupation, and anti-theft.

When comparing rates, check with each company or agent which credits you are entitled to. Some of the earlier mentioned discounts might not be available to policyholders everywhere. To locate companies with significant discounts, follow this link.

Why informed consumers pay less for BMW 3 Series insurance

Many factors are part of the calculation when you quote your car insurance policy. A few of the factors are predictable like your driving record, but some are more obscure such as your credit history and annual miles driven.

Shown below are just a few of the factors car insurance companies consider when setting prices.

  • Use one insurance company and save – Some car insurance companies provide lower prices to people that buy multiple policies such as combining an auto and homeowners policy. Even with this discount applied, you may still want to check prices from other companies to ensure the best deal. You may still find lower rates by splitting coverages up.
  • Use but don’t abuse your insurance – Insurance companies award better rates to insureds who are not frequent claim filers. If you are a frequent claim filer, you can definitely plan on higher premiums or even policy non-renewal. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Vehicles with better crash test results cost less to insure – Vehicles with high crash test scores can get you lower premiums. Vehicles engineered for safety result in less severe injuries and better occupant protection means less money paid by your insurance company and cheaper rates on your policy.
  • Your job and car insurance rates – Did you know your career choice can influence rates? Jobs like judgesair traffic controllers and stock brokers are shown to have higher rates than the rest of us attributed to intense work-related stress and lots of time spent away from family. On the other hand, professions such as actors, athletes and retirees pay lower than average rates on 3 Series insurance.
  • Liability insurance is critical – Liability insurance provides coverage in the event that you are determined to be liable for damages from an accident. Liability insurance provides for a legal defense starting from day one. Liability is cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Drive less and save – The more miles you rack up on your BMW in a year’s time the higher your rates will be. Almost all companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars that do not get driven very much cost less to insure than those used for commuting. Incorrect rating for your 3 Series can result in significantly higher rates. Ask your agent if your vehicle rating properly reflects the correct driver usage.

How do I know if I need professional advice?

When buying coverage for your personal vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions might help in determining whether you may require specific advice.

  • Does my liability insurance cover pulling a trailer or camper?
  • What can I do if my company won’t pay a claim?
  • How much liability coverage do I need in my state?
  • Are my friends covered when driving my car?
  • Can I drive in Mexico and have coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What happens if I owe more than my 1995 BMW 3 Series is worth?
  • Exactly who is provided coverage by my policy?

If you don’t know the answers to these questions then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Be skeptical of car insurance ads

Car insurance companies such as Allstate and Progressive endlessly run ads on television and other media. All the companies say the same thing about how much you will save if you switch your policy. But how can every company offer drivers better rates? This is the way they can do it.

All companies can use profiling for the type of customer that will most likely be profitable. A good example of this type of insured should be over the age of 50, owns a home, and drives a vehicle with a low ISO rating. Anyone who fits that profile receives the best rates and have a good chance to save if they switch.

Consumers who are not a match for these criteria will get a higher rate with the end result being the driver buying from a lower-cost company. The ads say “drivers who switch” not “all people who quote” can save as much as they claim. That’s why companies can make those statements.

This really illustrates why you need to compare free auto insurance quotes often. You cannot predict with any certainty which company will fit you best based on your risk profile.

Car insurance coverage basics

Learning about specific coverages of car insurance can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on most car insurance policies.

Collision coverage – Collision insurance covers damage to your 3 Series resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like colliding with another moving vehicle, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability coverage – This will cover damage that occurs to a person or their property. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability can pay for things like court costs, repair costs for stationary objects, bail bonds and funeral expenses. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your 1995 BMW 3 Series.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time these limits are set the same as your liablity limits.

Comprehensive car insurance – Comprehensive insurance coverage 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 things such as theft, hitting a bird, damage from flooding, a tree branch falling on your vehicle and hitting a deer. The maximum payout a car 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.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for short-term medical expenses like dental work, hospital visits, chiropractic care, ambulance fees and funeral costs. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Final thoughts

As you restructure your insurance plan, never skimp on coverage in order to save money. There have been many cases where an insured cut liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

You just read some good ideas how to get a better price on 1995 BMW 3 Series insurance. The most important thing to understand is the more quotes you get, the higher your chance of finding cheap auto insurance. You may even discover the best price on auto insurance is with a smaller regional carrier. These companies may have significantly lower prices on certain market segments compared to the large companies like Allstate and Progressive.

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