Cheaper 2018 BMW i3 Insurance Rates

Have you finally had enough of robbing Peter to pay Paul to pay high insurance coverage rates every month? You are in the same boat as many other consumers. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate all claim big savings, bombarding you with TV and radio ads and consumers find it hard to see through the deception and do the work needed to find the best deal.

You may qualify for discounts

Insurance is easily one of your largest bills, but you may be missing some discounts that you may not even be aware of. Many discounts should be triggered when you quote, but a few need to be specifically requested before being credited.

  • Discounts for Federal Employees – Active or former government employment can earn a discount up to 10% for i3 insurance depending on your insurance provider.
  • E-sign – Some of the larger companies give back up to $50 for buying your policy digitally online.
  • Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
  • Driver Education Discount – It’s a good idea to have your young drivers take driver’s ed class if it’s offered in school.
  • Professional Organizations – Affiliation with a civic or occupational organization is a good way to get lower rates on your next insurance statement.

One thing to note about discounts is that most discounts do not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, nobody gets a free ride.

Companies and their possible discounts include:

  • Travelers offers discounts including continuous insurance, good student, new car, multi-car, multi-policy, and home ownership.
  • 21st Century may offer discounts for automatic seat belts, driver training, good student, 55 and older, and defensive driver.
  • State Farm has savings for Drive Safe & Save, passive restraint, accident-free, defensive driving training, Steer Clear safe driver discount, good student, and safe vehicle.
  • GEICO has discounts for military active duty, seat belt use, anti-lock brakes, multi-vehicle, and daytime running lights.
  • SAFECO discounts include bundle discounts, anti-lock brakes, homeowner, accident prevention training, drive less, and safe driver.
  • AAA policyholders can earn discounts including pay-in-full, good student, good driver, anti-theft, AAA membership discount, and education and occupation.

When comparing rates, check with each company or agent what discounts are available to you. Discounts might not be offered on policies everywhere. To choose insurance companies who offer insurance discounts, click this link.

Cheap car insurance quotes online

Getting a cheaper price on 2018 BMW i3 insurance can be surprisingly simple. Just invest a little time to compare rate quotes from online providers. Insurance prices can be quoted in several different ways.

  • One of the simplest ways to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This easy form saves time by eliminating boring form submissions for every company. One form submission will get you rate comparisons from multiple low-cost companies.
  • A less efficient way to find lower rates is spending the time to visit each company’s website and go through the quote process again. For instance, we’ll pretend you want to compare rates from Liberty Mutual, Esurance and GEICO. You would have to go to every website to enter your coverage information, which is why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

Compare rates however you want, just make darn sure you compare the exact same coverage limits and deductibles for every quote you compare. If you are comparing mixed coverages it will be next to impossible to get a fair rate comparison.

There’s no such thing as the perfect insurance coverage policy

When choosing coverage, there is no one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help you determine whether you would benefit from an agent’s advice.

  • Am I better off with higher deductibles on my 2018 BMW i3?
  • Am I missing any policy discounts?
  • What happens if I owe more than my 2018 BMW i3 is worth?
  • Is extra glass coverage worth it?
  • Am I covered if I hit a deer?
  • Are my tools covered if they get stolen from my vehicle?
  • Should I have a commercial auto policy?
  • Is my cargo covered for damage or theft?
  • Why am I required to buy high-risk coverage?
  • Am I covered if I wreck a rental car?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage information

Having a good grasp of a auto insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages found on most auto insurance policies.

Medical costs insurance

Coverage for medical payments and/or PIP pay for bills like surgery, rehabilitation expenses, hospital visits, doctor visits and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your BMW i3.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Coverage for liability

Liability coverage protects you from damage that occurs to other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like medical expenses, repair bills for other people’s vehicles and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage protection

Collision coverage will pay to fix damage to your i3 from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, rolling your car and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like theft, rock chips in glass and fire damage. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Don’t throw your cash in the trash

In this article, we presented some good ideas how you can shop for 2018 BMW i3 insurance online. It’s most important to understand that the more times you quote, the better chance you’ll have of finding low cost insurance. You may even discover the biggest savings come from the least-expected company. Some small companies often have lower prices on specific markets compared to the large companies like Progressive or GEICO.

When shopping online for car insurance, you should never buy less coverage just to save a little money. In many cases, consumers will sacrifice liability coverage limits only to regret they didn’t have enough coverage. Your aim should be to purchase plenty of coverage at the best possible price but still have enough coverage for asset protection.

Some companies may not offer online rate quotes and many times these regional carriers only sell coverage through local independent agencies. Lower-priced car insurance is available online and from local insurance agents, so you need to compare both to have the best selection.

Much more information about car insurance can be read at these links: