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BMW 3 Series EDrive Insurance Cost

Buying car insurance through online rate quotes is easy, in addition you will probably save money. The key is to compare rates from all companies in order to have all possible prices.

People who are new to comparing rates may think buying low-cost 3 Series eDrive insurance is going to be difficult. To find the best car insurance prices, there are several ways of comparing rates from different insurance companies. The easiest way by far to compare 3 Series eDrive insurance rates is to get quotes online. This is very easy and can be done by comparing rates here.

Criteria which help determine BMW insurance rates

Insurance rates on a BMW 3 Series eDrive will vary greatly based upon several criteria. A few of these criteria are:

  • Your driving record
  • Your credit history
  • Male rates may be higher
  • Deductible amount directly impacts your rate
  • NTSB crash rating for your vehicle
  • Your profession
  • The level of coverage
  • Owning a home can lower rates

One last important factor that helps determine the rate you pay on your BMW is the year of manufacture. Older models have a much lower replacement value so the cost to replace them will push premiums down. Conversely, newer vehicles may have options such as lane departure warning system, autonomous braking, pedestrian detection, and blind-spot warning system so those may lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Auto liability

Liability insurance can cover injuries or damage you cause to people or other property in an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so purchase as much as you can afford.

Collision protection

Collision insurance covers damage to your BMW resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder. Collision coverage for your 3 Series eDrive can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive auto coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills for things like ambulance fees, surgery, and doctor visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. PIP is not an option in every state and gives slightly broader coverage than med pay.

How Much are BMW 3 Series eDrive Insurance Rates?