1998 BMW Z3 Insurance Cost – 10 Tips for Cheaper Prices

Have you fallen victim to an expensive auto insurance policy? Trust us, you are not the only one feeling buyer’s remorse.

Multiple car insurance companies compete for your hard-earned dollar, so it’s not easy to compare every provider and uncover the absolute cheapest price

If you have car insurance now, you will be able to reduce your rates substantially using these tips. Buying car insurance is not rocket science. Nevertheless, car owners must understand how big insurance companies sell insurance online because it can help you find the best coverage.

How to shop auto insurance online

There are multiple methods to shop for auto insurance, and some are easier and takes less work. You can spend countless hours driving to agents in your area, or you could use the web to achieve your goal.

Many of the larger companies take part in a program where insurance shoppers submit their information once, and each company then returns a price quote for coverage. This prevents consumers from doing repetitive form submissions for each company.

To enter your information into the quoting system, click here to start a free quote.

The one downside to pricing coverage this way is you don’t know exactly which providers to get quotes from. So if you want to select from a list of companies to compare rates, we have a page of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, try to use identical deductibles and coverage limits with each company. If you use unequal deductibles or liability limits it will be next to impossible to determine the lowest rate for your BMW Z3. Even a minor difference in limits can mean a large discrepancy in price. Just remember that comparing more company’s prices will increase your chances of finding better pricing. Not every company does rate quotes online, so you should also compare rates from those companies as well.

Tailor your insurance coverage coverage to you

When buying the best insurance coverage coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can help discover if you may require specific advice.

  • What happens if I owe more than my 1998 BMW Z3 is worth?
  • Can I rent a car in Mexico?
  • Does my insurance cover a custom paint job?
  • Does my policy pay for OEM or aftermarket parts?
  • Are rock chip repairs covered?
  • When should I drop full coverage on my 1998 BMW Z3?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Auto insurance coverages

Understanding the coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average car insurance policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like funeral costs, prosthetic devices, rehabilitation expenses, surgery and chiropractic care. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages are similar to your liability insurance amounts.

Collision coverage

Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as scraping a guard rail, hitting a parking meter and backing into a parked car. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive insurance

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, rock chips in glass, hitting a deer and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability

This can cover damage that occurs to a person or their property in an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims such as court costs, structural damage, bail bonds and funeral expenses. How much coverage you buy is a personal decision, but consider buying higher limits if possible.