Lower Your 2003 BMW 7 Series Insurance Quotes

If you’re searching for lower-priced insurance online, do you get frustrated by the wide range of car insurance companies? You’re not alone. drivers have such a large number of options that it can really be a challenge to find the lowest price.

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these tips. Locating affordable coverage is easy if you know what you’re doing. Although consumers must understand the way companies market insurance on the web and take advantage of how the system works.

Quote auto insurance online

Effectively comparing auto insurance prices can be a daunting task if you don’t utilize the fastest way to get free quotes. You can waste hours discussing policy coverages with insurance agencies in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

Most of the larger companies belong to a marketplace where insurance shoppers send in one quote, and every company can provide price quotes. This system prevents you from having to do repetitive form submissions for each company.

To find out how much you can save on auto insurance click here to start a free quote.

The single downside to using this type of system is you can’t choose which insurance companies you will receive quotes from. If you would rather choose from a list of companies to compare, we have a page of auto insurance companies in your area. Click to view list.

The method you choose is up to you, but be certain you are entering apples-to-apples coverages for each comparison quote. If the quotes have different liability limits then you won’t be able to decipher which rate is best. Even a minor difference in limits may cause a big price difference. And when comparison shopping, comparing more quotes helps locate a lower rate than you’re paying now.

Discounts can really help to save

Some insurers don’t always publicize every available discount very well, so the following list contains a few of the more common and also the lesser-known discounts that you can inquire about if you buy insurance online.

Defensive Driver Discounts – Passing a defensive driving class could cut 5% off your bill and easily pay for the cost of the class.
No Charge for an Accident – Not a discount per se, but some insurance companies allow you one accident without getting socked with a rate hike if you are claim-free prior to the accident.
Multiple Vehicles – Having multiple vehicles on the same car insurance policy can get a discount for every vehicle.
College Student – Youth drivers living away from home attending college and don’t have a car may be able to be covered for less.
Smart Student Discounts – A discount for being a good student can save 20 to 25%. This discount can apply well after school through age 25.
Auto/Home Discount – When you combine your auto and home insurance and insure them both with the same insurance company you may save approximately 10% to 15%.
Onboard Data Collection – Insureds who allow driving data submission to study vehicle usage by using a telematic data system such as Progressive’s Snapshot could possibly reduce rates if they are good drivers.

Don’t be surprised that most of the big mark downs will not be given to your bottom line cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, that’s just not realistic. But any discount will help lower the cost of your policy.

Some of the larger companies that possibly offer most of these discounts include:

If you are trying to find the cheapest insurance quotes, ask all the companies which discounts can lower your rates. Depending on the company, some discounts may not be available in every state. If you would like to see a list of car insurance companies with the best car insurance discounts, follow this link.

Will just any policy work for me?

When it comes to buying adequate coverage, there really is not a “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that might help in determining whether your personal situation would benefit from professional advice.

What is medical payments coverage?
How high should my uninsured/underinsured coverage be in my state?
Is my cargo covered for damage or theft?
Does liability extend to a camper or trailer?
Am I covered if I wreck a rental car?
Can I drive in Mexico and have coverage?
Am I missing any policy discounts?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Specific coverages for a 2003 BMW 7 Series

Knowing the specifics of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 7 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive auto coverage

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like fire damage, damage from getting keyed, vandalism and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for bills for things like ambulance fees, prosthetic devices, nursing services and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Auto liability

This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is up to you, but buy as much as you can afford.

Auto collision coverage

Collision coverage will pay to fix damage to your 7 Series caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, backing into a parked car, colliding with another moving vehicle, colliding with a tree and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.