Save on 2002 BMW 3 Series Insurance Quotes

Looking for lower car insurance rates for your BMW 3 Series? Are you regretting the purchase of overpriced car insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. Vehicle owners have multiple car insurance companies to pick from, and although it’s a good thing to have a choice, more choices can make it harder to get the best deal.

It’s smart to quote other rates as often as possible due to the fact that insurance prices change regularly. Just because you had the lowest rates on 3 Series insurance at your last renewal you can probably find a better premium rate now. Ignore everything you know about car insurance because you’re about to learn the fastest way to properly buy coverages while reducing your premium.

Pricing affordable insurance coverage is not that difficult. If you are insured now or need a new policy, you can use this information to get lower rates while maintaining coverages. Drivers just need to know the best way to compare rates online.

Discounts to earn cheaper insurance rates

Some insurance providers don’t always publicize every discount in a way that’s easy to find, so we took the time to find a few of the more well known and also the more inconspicuous discounts you could be receiving when you buy car insurance online.

  • Discounts for Government Workers – Federal government employees can save as much as 8% on 3 Series insurance with certain companies.
  • Switch and Save Discount – A few insurance companies offer discounts for renewing your policy before your current expiration date. The savings is around 10%.
  • Telematics Discount – Insureds who allow data collection to monitor driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if their driving habits are good.
  • Membership in Organizations – Having an affiliation with qualifying employment or professional organizations can get you a small discount on your next renewal.
  • Seat Belt Discounts – Drivers who require all occupants to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.

As a disclaimer on discounts, some credits don’t apply the the whole policy. The majority will only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

A few of the larger companies and a partial list of their discounts are:

  • 21st Century policyholders can earn discounts including homeowners, driver training, theft prevention, anti-lock brakes, and air bags.
  • State Farm may include discounts for defensive driving training, Drive Safe & Save, multiple autos, student away at school, good driver, multiple policy, and Steer Clear safe driver discount.
  • AAA may have discounts that include AAA membership discount, pay-in-full, good driver, multi-car, multi-policy, good student, and education and occupation.
  • Liberty Mutual includes discounts for exclusive group savings, good student, multi-car, multi-policy, and new move discount.
  • Progressive offers premium reductions for homeowner, good student, online quote discount, online signing, and continuous coverage.

Double check with each company which discounts you may be entitled to. Savings may not apply to policies in every state. To locate insurance companies that offer many of these discounts, click here.

Tailor your insurance coverage to you

When buying adequate coverage for your personal vehicles, there isn’t really a one size fits all plan. Every situation is different so this has to be addressed. For example, these questions can help discover whether your personal situation could use an agent’s help.

  • Am I covered if hit by an uninsured driver?
  • Should I get collision insurance on every vehicle?
  • Is extra glass coverage worth it?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is the minimum liability in my state?
  • What is the rate difference between pleasure use and commuting?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Can you really save $403 a year?

Drivers can’t get away from all the ads for cheaper insurance coverage from the likes of State Farm, Allstate and GEICO. They all seem to make the same claim about savings if you get a free car insurance quote and switch your policy.

How is it possible that every company can make the same claim? Just pay attention to how they say it.

Most companies provide the lowest rates for a prospective insured they prefer to insure. For instance, this type of risk profile might be described as over age 30, has no prior claims, and has excellent credit. Any customer that matches those criteria will get a cheap rate quote and will also pay quite a bit less when switching companies.

Potential customers who don’t measure up to the requirements must pay a higher premium which translates to the customer buying from someone else. Company advertisements say “customers who switch” not “all people who quote” will save that much if they switch. That is how companies can make those statements.

That is why you absolutely need to get car insurance quotes as often as possible. It’s not possible to predict which insurance coverage company will have better car insurance rates than you’re paying now.

Auto insurance policy coverages for a 2002 BMW 3 Series

Learning about specific coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by auto insurance companies.

Comprehensive (Other than Collision)

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, rock chips in glass, a broken windshield, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense insurance

Med pay and PIP coverage pay for short-term medical expenses for hospital visits, dental work, chiropractic care, ambulance fees and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Collision insurance

Collision coverage pays for damage to your 3 Series resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a mailbox, scraping a guard rail, sideswiping another vehicle and crashing into a building. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist 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 also any damage incurred to your BMW 3 Series.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Auto liability

Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things such as medical services, medical expenses, emergency aid, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Best coverage at the best price

We just presented some good ideas how to get a better price on 2002 BMW 3 Series insurance. The key thing to remember is the more providers you compare, the better chance you’ll have of finding cheap car insurance. Drivers may discover the most savings is with an unexpected company. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

Cheaper insurance can be sourced on the web in addition to local insurance agencies, and you need to price shop both to get a complete price analysis. Some insurance companies may not offer the ability to get a quote online and these smaller providers provide coverage only through independent agents.

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