2006 BMW 3 Series Insurance Quotes

Nobody anticipates paying for insurance coverage, especially knowing the price is too high. Insurance companies such as Allstate, Progressive and GEICO increase brand awareness with ad campaigns and it is challenging if not impossible to see through the cute green geckos and mayhem and do the work needed to find the best deal.

It’s smart to compare prices once or twice a year since prices are variable and change quite frequently. Even if you think you had the lowest quotes on 3 Series insurance last year you can probably find a better rate now. You’ll find quite a bit of inaccurate information about insurance coverage on the internet, but by reading this article, you’re going to learn the easiest ways to put money back in your pocket.

If you have a policy now or are shopping for new coverage, you can follow these tips to find the best rates and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers only need an understanding of the most effective way to compare rates over the internet.

How much is car insurance?

Finding low cost 2006 BMW 3 Series car insurance rates is surprisingly easy. Just spend a few minutes on the computer comparing rate quotes from some recommended companies. This is very easy and can be done by using one of the methods below.

  1. Experts agree that the best way to get quotes is a comparison rater form like this one (opens in new window). This type of form keeps you from doing a different quote to each individual car insurance company. Filling out one form gets rate comparisons from several companies.
  2. A different way to find lower rates is to manually visit the website for every company you want to comare and fill out their own quote form. For sake of this example, let’s assume you want comparison quotes from Liberty Mutual, Safeco and State Farm. To get each rate you have to spend time on each company’s site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  3. The least efficient and most time consuming way to get rate quotes is to drive around to local insurance agencies. Comparing online rate quotes makes this process obsolete unless you want the professional advice that only a licensed agent can provide. You can, however, find lower rates online but purchase the actual policy in an agency.

Compare rates however you want, just make darn sure you compare equivalent coverage limits and deductibles for each comparison quote. If you compare different limits and deductibles on each one you will not be able to determine the lowest rate for your BMW 3 Series.

Discount car insurance rates

Car insurance companies don’t always publicize every available discount in a way that’s easy to find, so we break down some of the best known as well as some of the hidden discounts you could be receiving when you buy auto insurance online. If you do not double check each discount you qualify for, you’re just leaving money on the table.

  • Life Insurance Discount – Not all car insurance companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
  • Full Payment Discount – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.
  • Accident Forgiveness – Not really a discount, but certain companies will turn a blind eye to one accident before they charge you more for coverage if you have no claims prior to the accident.
  • Organization Discounts – Participating in a civic or occupational organization could trigger savings on your next renewal.
  • Theft Prevention System – Vehicles that have factory anti-theft systems are stolen with less frequency and will qualify for a discount on a auto insurance quote.
  • Bundled Policy Discount – If you insure your home and vehicles with the same insurance company you will save approximately 10% to 15%.
  • More Vehicles More Savings – Purchasing coverage when you have more than one vehicle on one policy can reduce rates for all insured vehicles.
  • E-sign – A few larger online companies will give you a small discount for buying a policy and signing up on the web.
  • Senior Citizen Rates – Drivers over the age of 55 could receive a small decrease in premiums on 3 Series insurance.
  • Good Student – Excelling in school can earn a discount of 20% or more. The discount lasts well after school through age 25.

A quick disclaimer, some credits don’t apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

The best car insurance companies and some of the discounts are outlined below.

  • Progressive policyholders can earn discounts including homeowner, continuous coverage, multi-policy, good student, and online quote discount.
  • SAFECO has savings for bundle discounts, drive less, teen safe driver, anti-lock brakes, and anti-theft.
  • American Family has discounts for air bags, good student, accident-free, Steer into Savings, bundled insurance, and multi-vehicle.
  • MetLife offers discounts including claim-free, good student, multi-policy, defensive driver, and good driver.
  • GEICO offers discounts for emergency military deployment, anti-theft, multi-policy, good student, five-year accident-free, air bags, and military active duty.
  • The Hartford offers premium reductions for bundle, defensive driver, vehicle fuel type, air bag, driver training, good student, and anti-theft.

When quoting, ask all companies you are considering which discounts can lower your rates. All car insurance discounts may not apply to policyholders in your area. To locate car insurance companies with the best car insurance discounts, click this link.

Tailor your insurance coverage to you

When choosing coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions may help you determine if you would benefit from professional advice.

  • Is there coverage for injuries to my pets?
  • When would I need rental car insurance?
  • Am I covered if hit by an uninsured driver?
  • Is my babysitter covered when using my vehicle?
  • Do I benefit by insuring my home with the same company?
  • Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Insurance coverages 101

Having a good grasp of your policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages available from insurance companies.

Auto liability – Liability coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against claims like funeral expenses, attorney fees, pain and suffering and bail bonds. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision coverages – This coverage will pay to fix damage to your 3 Series caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, crashing into a ditch, rolling your car, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your BMW 3 Series.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision) – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a deer, rock chips in glass, damage from getting keyed and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for bills for hospital visits, doctor visits, pain medications, rehabilitation expenses and funeral costs. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Power to the consumer

You just read many ways to reduce 2006 BMW 3 Series insurance car insurance rates online. It’s most important to understand that the more quotes you get, the better your chances of lowering your premium rates. Drivers may discover the best price on insurance coverage is with a small mutual company. Regional companies may have significantly lower premium rates on certain market segments than the large multi-state companies such as Progressive and GEICO.

As you shop your coverage around, do not skimp on critical coverages to save a buck or two. In many instances, an insured dropped collision coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at the lowest possible cost but still have enough coverage for asset protection.

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