Compare 2014 BMW 3 Series Gran Turismo Car Insurance Rates

Comparison shopping for low cost Driversinsurance coverage can be difficult for people not familiar with online comparison shopping. Drivers have so many different companies and agents to choose from that it can be a lot of work to compare premium rates.

Finding the best rates is not rocket science. Basically, everyone who has to buy insurance stands a good chance to be able to find better rates. But consumers need to have an understanding of the way companies price insurance differently and apply this information to your search.

How to compare car insurance rate quotes

Performing a rate comparison can take hours if you aren’t aware of the fastest way to get free quotes. You can waste hours talking to insurance companies in your area, or you can stay home and use online quotes for quick rates.

The majority of car insurance companies take part in a program that enables customers to complete one form, and each company returns a competitive quote determined by their information. This prevents consumers from doing quote requests for each company you want a rate for.

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The one downside to pricing coverage this way is you can’t choose which providers to receive prices from. So if you prefer to choose from a list of companies to compare prices, we put together a list of companies who write car insurance in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but make darn sure you compare the same coverage information for every company. If you have different limits and deductibles on each one it will be nearly impossible to determine the best price for your BMW 3 Series Gran Turismo. Just a small difference in insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, having more price comparisons gives you a better chance of getting a lower rate. Not every company provides rate quotes online, so it’s important to also get price quotes from them as well.

Earn discounts to get lower-cost car insurance rates

Auto insurance companies do not list every possible discount very clearly, so we took the time to find some of the best known and the more hidden credits available to bring down your rates. If they aren’t giving you every credit available, you are not getting the best rate possible.

  • 55 and Retired – Older drivers may qualify for lower premium rates on 3 Series Gran Turismo insurance.
  • Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
  • Active Service Discounts – Having a family member in the military could be rewarded with lower premium rates.
  • College Student – Youth drivers living away from home attending college and won’t have access to an insured vehicle can be insured at a reduced rate.

As a sidenote, some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like comp or med pay. So even though you would think all the discounts add up to a free policy, companies don’t profit that way.

To see a list of providers with significant discounts, click here.

Tailor your car insurance coverage to you

When choosing adequate coverage, there really is no perfect coverage plan. Every situation is different.

For instance, these questions may help you determine if your insurance needs will benefit from professional help.

  • How does medical payments coverage work?
  • Is a blown tire covered by insurance?
  • How many claims can I have before being cancelled?
  • Should I buy additional glass protection?
  • Is my trailer covered?
  • Do I pay less for low miles?
  • I have health insurance so do I need medical payments coverage?
  • Is a fancy paint job covered?
  • How much can I save by bundling my policies?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form.

How you can control BMW 3 Series Gran Turismo insurance premiums

Lots of factors are used in the calculation when premium rates are determined. Some are obvious like an MVR report, but other factors are more obscure such as whether you are married or how safe your car is.Part of the auto insurance buying process is learning the rating factors that help calculate auto insurance rates. If you know what determines premiums, this enables informed choices that could help you find better auto insurance rates.

  • Low stress job equals lower premiums – Did you know your auto insurance rates can be affected by your occupation? Jobs like real estate brokers, social workers and emergency personnel are shown to have higher rates than average attributed to stressful work requirements and long work hours. Conversely, careers such as farmers, students and the unemployed have the lowest average rates on 3 Series Gran Turismo insurance.
  • Marriage pays dividends – Getting married can get you a discount when buying auto insurance. Marriage demonstrates that you tend to be more responsible and statistics show married drivers get in fewer accidents.
  • Cautious drivers pay lower rates – Being a careful driver has a big impact on rates. Drivers who don’t get tickets pay lower auto insurance prices than their less careful counterparts. Even one ticket can increase the cost of insurance to the point where it’s not affordable. Drivers who have gotten multiple tickets such as reckless driving or DUI may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • Are you male or female? – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Both genders have accidents at about the same rate, but men get into accidents with more damage. Not only that, but men also get ticketed for serious violations such as reckless driving. Male teenagers generally have the highest accident percentage and therefore pay the highest rates.
  • Cut rates and deter theft – Driving a car that has an advanced theft prevention system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft and help bring rates down.
  • Annual miles is a factor – The more you drive your BMW annually the higher your rate. A lot of insurance companies charge rates determined by how the vehicle is used. Autos that are left in the garage qualify for better rates than vehicles that have high annual mileage. Ask your agent if your vehicle rating is showing the proper vehicle usage. A policy that improperly rates your 3 Series Gran Turismo may be costing you.
  • Bad credit will cost you – Credit rating is a large factor in determining premium rates. People that have very good credit scores tend to be better risks to insure than drivers who have worse credit. If your credit score could use some work, you could save money insuring your 2014 BMW 3 Series Gran Turismo if you clean up your credit.
  • Do you really need the add-on coverages? – There are many additional extra coverages that you can buy on your auto insurance policy. Things like roadside assistance, high-cost glass coverage, and membership fees may not be needed and are just wasting money. They may sound like good ideas initially, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

Misconceptions in car insurance advertisements

Car insurance providers like State Farm, Allstate and GEICO continually stream ads on TV and radio. All the companies convey the message that you can save if you move your coverage to them. How does every car insurance company make the same claim?

Insurance providers have specific guidelines for the type of insured that will add to their bottom line. For example, a preferred risk could possibly be over age 30, has never had a policy lapse, and drives less than 5,000 miles a year. Any person that fits those parameters receives the best premium rates and will probably save when switching.

Consumers who do not meet the requirements will probably have to pay higher premiums and business not being written. The ads say “people that switch” but not “everyone who gets a quote” save that kind of money. That’s the way insurance companies can confidently advertise the way they do. Because of these techniques, it is so important to compare quotes as often as possible. It’s impossible to know which insurance companies will have the lowest rates.

Parts of your insurance policy

Having a good grasp of insurance can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your BMW 3 Series Gran Turismo.

Since 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 important protection for you and your family.

Comprehensive coverages – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, damage from flooding and rock chips in glass. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This coverage pays for damage to your 3 Series Gran Turismo from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as backing into a parked car, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for rehabilitation expenses, surgery and hospital visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability coverages – This coverage provides protection from damage that occurs to a person or their property in an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things like bail bonds, repair bills for other people’s vehicles, attorney fees and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

One last thing

As you shop your coverage around, make sure you don’t sacrifice coverage to reduce premiums. In many instances, someone dropped comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. The goal is to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

We covered some good ideas how to shop for 2014 BMW 3 Series Gran Turismo insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the biggest savings come from a small local company.

Insureds who switch companies do it for many reasons like high rates after DUI convictions, poor customer service, unfair underwriting practices and high prices. Whatever your reason, choosing a new insurance company is not as difficult as it may seem.

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