1999 BMW M3 Insurance Quotes

Looking for cheaper car insurance rates? Shoppers have lots of choices when shopping for affordable BMW M3 insurance. They can either spend hours calling around getting price quotes or save time using the internet to find the lowest rates.

There are both good and bad ways to find car insurance online and we’ll show you the proper way to quote coverages for your BMW and locate the lowest price either online or from local insurance agents.

Smart consumers take time to price shop coverage yearly due to the fact that insurance prices fluctuate regularly. Despite the fact that you may have had the best price on M3 insurance last year you will most likely find a better rate quote today. Forget anything you know (or think you know) about car insurance because you’re about to find out the easiest way to properly buy coverages while reducing your premium.

Take policy discounts and save

Some providers do not list every discount very well, so the next list breaks down some of the more common as well as some of the hidden credits available to bring down your rates. If you aren’t receiving every discount available, you could be getting lower rates.

  • Bundle and Save – If you have multiple policies with the same company you could earn a discount of up to 20% and get you cheaper insurance coverage.
  • Low Mileage Discounts – Fewer annual miles on your BMW could be rewarded with lower prices on the low mileage vehicles.
  • 55 and Retired – Older drivers may qualify for reduced rates on M3 insurance.
  • Discounts for Good Drivers – Accident-free drivers could pay up to 40% less on M3 insurance than their less cautious counterparts.
  • Driving Data Discount – Policyholders that allow their insurance company to look at their driving habits through the use of a telematics system like Allstate’s Drivewise might see lower rates if they show good driving skills.
  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up can save 10% or more off PIP or medical payments premium.

Consumers should know that most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like you can get free auto insurance, it just doesn’t work that way. Any amount of discount will definitely lower your policy premium.

If you would like to view insurance companies with the best discounts, click here.

Which policy gives me the best coverage?

When choosing proper insurance coverage, there is no best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that may help highlight whether or not you would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I have coverage if my license is suspended?
  • Does my insurance cover my expensive audio equipment?
  • Should I buy more coverage than the required minimum liability coverage?
  • Why am I required to buy liability insurance?
  • Am I covered if I drive in a foreign country?
  • Do I benefit by insuring my home with the same company?
  • Is my BMW M3 covered if I use it for business?
  • Is my teenager covered with friends in the car?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and you can get the answers you need.

Auto insurance coverage breakdown

Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive auto insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as vandalism, a tree branch falling on your vehicle, damage from getting keyed and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage pays for damage to your M3 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for expenses for things like dental work, prosthetic devices, surgery, chiropractic care and hospital visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your 1999 BMW M3.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Liability auto insurance

Liability insurance will cover damage that occurs to a person or their property. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as repair bills for other people’s vehicles, loss of income, emergency aid and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

In the end, you save

When trying to cut insurance costs, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an insured cut full coverage only to regret at claim time that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best possible price, but do not sacrifice coverage to save money.

You just learned quite a bit of information on how to get a better price on 1999 BMW M3 insurance. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may be surprised to find that the lowest premium rates are with a smaller regional carrier.

More affordable auto insurance is attainable online and from local insurance agents, so you need to quote insurance coverage with both to have the best rate selection. Some insurance providers do not provide price quotes online and many times these regional insurance providers work with independent insurance agents.

For more information, take a look at these articles: