2004 BMW 3 Series Insurance Quotes – 5 Discounts for Best Rates

Trying to find cheaper insurance coverage rates for your BMW 3 Series? I really doubt anyone is fond of buying insurance coverage, especially when they know their premiums are too high. Insurance companies such as GEICO, Progressive and Allstate all claim big savings with TV and radio ads and it is difficult to ignore the flashy ads and effectively compare rates to find the best deal.

It is always a good idea to quote other rates every six months because prices are constantly changing. Despite the fact that you may have had the best deal on 3 Series coverage six months ago you can probably find a better rate quote now. Ignore everything you know about insurance coverage because I’m going to let you in on the secrets to how to use the internet to find better coverage at a better price.

How to get free insurance quotes online

Finding a lower price on 2004 BMW 3 Series insurance is pretty simple and can save money. The only requirement is to spend a few minutes on the computer to compare free car insurance quotes to find. It is quite easy and can be accomplished by following the guidelines below.

  1. The best way to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This style of form keeps you from doing repetitive form submissions for every company. Taking the time to complete one form gets insurance cost estimates from many national carriers.
  2. Another way to get comparison quotes requires visiting the website of each company and get a separate price quote. For instance, let’s assume you want to compare rates from Liberty Mutual, State Farm and Travelers. In order to compare rates, you need to go to each individual site and enter your information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  3. The hardest method to find and compare rates to all the different insurance agencies. The ability to quote online has reduced the need for local agents unless your situation requires the trained guidance that you can only get from talking to an agent. Drivers can obtain prices from the web but buy the policy through an agent.

Whichever method you choose, do your best to use the same coverage data for each quote you get. If your comparisons have different liability limits you can’t possibly determine which rate is truly the best.

Lower rates by qualifying for these five discounts

Companies that sell car insurance don’t necessarily list every disount available very well, so below is a list both the well known as well as the least known savings tricks you should be using when you buy car insurance online.

  • Pay Upfront and Save – By making one initial payment instead of making monthly payments you could save 5% or more.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may qualify for discounts of 20 to 30 percent.
  • Homeowners Savings – Just owning your own home can earn you a little savings because of the fact that having a home is proof that your finances are in order.
  • Discount for Swiching Early – A few larger companies allow discounts for buying a policy prior to your current policy expiration. It can save you around 10%.
  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more.

As a sidenote, most credits do not apply to the overall cost of the policy. Most only cut specific coverage prices like comprehensive or collision. Just because it seems like it’s possible to get free car insurance, that’s just not realistic. But any discount will cut the cost of coverage.

Some of the insurance companies who may offer many of the previously listed discounts may include but are not limited to:

When quoting, ask every prospective company to give you their best rates. Some discounts listed above may not be available in your area. To see insurance companies who offer online insurance quotes, click this link.

Insurance is unique, just like you

When buying adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions could help you determine if your situation might need professional guidance.

  • Is business property covered if stolen from my car?
  • Where can I get insurance after a DUI in my state?
  • What is roadside assistance coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • What exactly is covered by my policy?
  • Can I afford to pay high deductible claims out of pocket?
  • What is covered by UM/UIM coverage?
  • Should I sign the liability waiver when renting a car?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Car insurance coverages for a 2004 BMW 3 Series

Knowing the specifics of your policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, damage from flooding and damage from getting keyed. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance – This will cover damages or injuries you inflict on a person or their property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical expenses, bail bonds, court costs and legal defense fees. How much coverage you buy is up to you, but you should buy as much as you can afford.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as funeral costs, X-ray expenses, ambulance fees and pain medications. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as crashing into a ditch, colliding with another moving vehicle and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers – This gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your BMW 3 Series.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.

Shop around and save

We covered a lot of tips how to shop for 2004 BMW 3 Series insurance online. It’s most important to understand that the more times you quote, the higher your chance of finding affordable car insurance. Drivers may discover the lowest car insurance rates are with an unexpected company. Some small companies may only write in your state and offer lower premium rates compared to the large companies like Allstate and Progressive.

As you shop your coverage around, do not skimp on coverage in order to save money. Too many times, consumers will sacrifice physical damage coverage and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to get the best coverage possible at the best possible price, but do not skimp to save money.

More detailed auto insurance information is located in the articles below: