2003 BMW Alpina Insurance Rates – 8 Policy Discounts

No car owner enjoys paying for car insurance, in particular when they could find lower prices if they just compared rates. With drivers having so many different company options, it is very difficult to locate the most affordable company.

The purpose of this article is to help educate you on how to effectively get price quotes and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. Consumers just need to learn the tricks to compare price quotes online.

Compare quotes for auto insurance

There are a variety of methods to compare auto insurance quotes, but one way is easier and takes less work. You could spend the better part of a day discussing policy coverages with agents in your area, or you can utilize online quoting to get rates in a matter of minutes.

Most of the best insurance companies belong to a marketplace where insurance shoppers complete one form, and every company then returns a price quote based on that information. This eliminates the need for quote requests for each company.

To access this free quoting program, click here to start a free quote.

The only drawback to comparing rates this way is that you can’t choose which providers to get quotes from. If you prefer to choose from a list of companies to compare rates, we put together a list of auto insurance companies in your area. Click here to view list.

You can use whichever method you prefer to find lower rates, just do your best to use exactly the same coverage information for each quote you get. If your comparisons have differing limits it will be very difficult to determine the best price for your BMW Alpina.

Advertising and auto insurance

Consumers can’t avoid all the ads that claim the best premium rates from companies such as Progressive, Allstate and GEICO. All the companies state the claim that you’ll save big if you move your policy.

How do they all lower your premium rates? Here is how they do it.

Most companies provide the lowest rates for a prospective insured that will most likely be profitable. A good example of a profitable risk profile could possibly be a female over age 40, owns a home, and does not commute to work. Anyone who fits that profile may get the lowest premium rates and have a good chance to pay quite a bit less when switching companies.

People who don’t measure up to those standards may be forced to pay more expensive rates and this can result in the customer not purchasing. If you listen to the ad wording, they say “customers that switch” not “all people who quote” save money. That is how insurance companies can confidently make the claims of big savings.

Each company has different criteria, so you need to compare price quotes frequently. It’s just too difficult to predict which auto insurance company will have the lowest rate quotes.

Save a ton with these eight discounts

Auto insurance is not inexpensive, but discounts can save money and there are some available that can drop the cost substantially. Some discounts apply automatically at the time you complete a quote, but some discounts are required to be asked for in order for you to get them.

  • Home Ownership Discount – Owning your own home or condo may trigger a policy discount on auto insurance because maintaining a house shows financial diligence.
  • More Vehicles More Savings – Buying insurance for several vehicles on one policy could earn a price break for each car.
  • Service Members Pay Less – Being deployed with a military unit could mean lower premium rates.
  • Onboard Data Collection – Drivers who agree to allow data collection to scrutinize driving patterns by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction as long as the data is positive.
  • Membership in Organizations – Participating in a qualifying organization could trigger savings when getting a car insurance quote.
  • One Accident Forgiven – This one is not really a discount per se, but some companies like GEICO, State Farm, and Progressive allow you one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Federal Employees – Active or former government employment could provide a small rate reduction on Alpina coverage with certain companies.
  • Life Insurance – Not all insurance companies offer life insurance, but some may give you better prices if you take out a life policy as well.

Policy discounts save money, but most discounts do not apply the the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like you can get free auto insurance, auto insurance companies aren’t that generous.

Some companies who may offer these discounts include:

Double check with each company which discounts can lower your rates. Some discounts listed above may not be available everywhere.

What is the best insurance coverage?

When it comes to buying the right insurance coverage, there is no cookie cutter policy. Every situation is different so this has to be addressed. For instance, these questions may help highlight if your insurance needs might need professional guidance.

  • Is my teen driver covered when they drive my company car?
  • When should my teen driver be added to my policy?
  • What is an SR-22 filing?
  • Does my insurance cover a custom paint job?
  • Why do I need rental car insurance?
  • Is a new car covered when I drive it off the dealer lot?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, free and may give you better protection.

Insurance policy coverages for a 2003 BMW Alpina

Learning about specific coverages of your policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the usual coverages found on most insurance policies.

Collision – Collision insurance will pay to fix damage to your Alpina caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like rolling your car, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

UM/UIM Coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability insurance – Liability insurance will cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for claims like medical expenses, structural damage, bail bonds, court costs and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Medical costs insurance – Med pay and PIP coverage kick in for bills for rehabilitation expenses, pain medications, dental work and X-ray expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. PIP is not universally available and may carry a deductible

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

Comprehensive coverage protects against claims such as theft, damage from flooding, hitting a deer and rock chips in glass. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Best coverage at the best price

We just showed you many tips how you can shop for 2003 BMW Alpina insurance online. It’s most important to understand that the more price quotes you have, the higher your chance of finding affordable car insurance. You may be surprised to find that the best price on insurance coverage is with a small mutual company. These smaller insurers often have lower rates on specific markets than their larger competitors like State Farm, GEICO and Nationwide.

When shopping online for insurance coverage, you should never buy poor coverage just to save money. In many cases, an insured dropped uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy enough coverage at the best cost but still have enough coverage for asset protection.

For more information, link through to the following helpful articles: