Cheaper 2016 BMW 3 Series eDrive Insurance Rates

Trying to find the cheapest insurance rates for your BMW 3 Series eDrive? Are you tired of not being able to afford to keep your car insured? You have the same problem as millions of other people. You have multiple auto insurance companies to pick from, and although it’s nice to have multiple companies, too many choices makes it more difficult to find the best rates.

Smart consumers take time to get comparison quotes at least once a year because insurance prices are usually higher with each renewal. Just because you had the lowest price on 3 Series eDrive insurance at your last renewal you will most likely find a better rate today. You can find a lot of misleading information regarding insurance out there, but in this article, you’re going to get some guaranteed methods to put money back in your pocket.

Compare insurance rates

Lowering your 2016 BMW 3 Series eDrive insurance rates is surprisingly easy. You just have to invest a few minutes to compare rate quotes to discover which company has affordable insurance quotes. You can get a good selection of rate quotes in several different ways.

  • The easiest and least time consuming way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This method saves time by eliminating boring form submissions for every company. One simple form gets you coverage quotes from all major companies.
  • A harder way to compare prices is to take the time to go to each company’s website and go through the quote process again. For example, let’s say you want to see prices from Farmers, Progressive and State Farm. To do that, you would have to take the time to go to each site and repeatedly type in your coverage information, which can get old fast. To view a list of companies in your area, click here.

Whichever way you use, make darn sure you compare the exact same coverage information on every price quote you get. If the quotes have different data it will be very difficult to determine the lowest rate for your BMW 3 Series eDrive.

Truth in insurance coverage advertising

Drivers can’t avoid all the ads for insurance coverage savings from companies such as 21st Century, Allstate and State Farm. All the ads state the claim about savings if you switch to their company.

Is it even possible that every company can cost less than your current company? This is the way they can do it.

Different companies can use profiling for the type of driver that earns them the most money. An example of this type of risk profile might have to be over the age of 45, owns their home, and the vehicle is rated for pleasure use. Someone who fits that profile will probably get cheap car insurance rates and will also save when they switch companies.

People who don’t measure up to the requirements may be required to pay higher premiums which translates to business going elsewhere. The trick is to say “customers who switch” but not “everyone who gets a quote” save that much when switching. That’s the way companies can make the claims of big savings.

Because of these techniques, drivers should compare as many free insurance quotes as you can. Because you never know the company that will give you lower prices than your current company.

Informed drivers can reduce their insurance premiums

When buying auto insurance it’s important to understand some of the things that help determine your policy premiums. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can help you get lower auto insurance prices.

  • Gender matters – Over time, data shows that females take fewer risks when driving. That doesn’t necessarily mean that females are better at driving than males. Males and females are in at-fault accidents in similar numbers, but men have costlier accidents. They also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
  • Your spouse saves you money – Having a significant other may earn you lower rates when shopping for auto insurance. Having a significant other generally demonstrates drivers are more financially stable and it’s statistically proven that drivers who are married file infrequent claims.
  • Liability limits are a factor – Your auto insurance policy’s liability coverage will afford coverage in the event that you are ruled to be at fault for causing personal injury or damage in an accident. Liability insurance provides for a legal defense to defend your case. This coverage is relatively inexpensive when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Rural vs Urban Areas – Residing in areas with lower population is a positive aspect when talking about auto insurance. Fewer drivers means reduced accidents in addition to lower liability claims Drivers in populated areas regularly have more auto accidents and longer commute times. The longer drive time means a statistically higher chance of an accident.
  • Safety first – Cars with high safety ratings get lower rates. Vehicles engineered for safety result in less severe injuries and lower injury rates means your insurance company pays less and thus lower rates.

Are you qualifying for every discount?

Auto insurance companies don’t always publicize every policy discount in a way that’s easy to find, so the list below details a few of the more common in addition to some of the lesser obvious credits available to you.

  • Anti-theft Discount – Cars with anti-theft systems help deter theft and earn discounts up to 10% off your insurance quote.
  • Distant College Student Discount – Kids who are enrolled in higher education away from home and do not have access to a covered vehicle could get you a discount.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you a discount if you purchase life insurance from them.
  • Defensive Driver Discounts – Participating in a course teaching defensive driver skills could cut 5% off your bill depending on where you live.
  • Discounts for New Vehicles – Buying a new car instead of a used car can get you a discount due to better safety requirements for newer models.
  • Senior Citizen Discount – Seniors may qualify for a small discount on rates on 3 Series eDrive insurance.
  • Multi-car Discount – Purchasing coverage when you have multiple vehicles with the same insurance coverage company can reduce rates for all insured vehicles.
  • Military Discounts – Having a family member in the military could mean lower insurance coverage rates.
  • Memberships – Joining a qualifying organization could trigger savings when getting a insurance quote.

Drivers should understand that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like it’s possible to get free car insurance, insurance coverage companies aren’t that generous. But any discount should help lower your overall premium however.

A few of the larger companies and a summarized list of policyholder discounts can be found below.

  • GEICO may offer discounts for anti-lock brakes, anti-theft, defensive driver, military active duty, multi-policy, federal employee, and good student.
  • Travelers has savings for multi-car, continuous insurance, home ownership, driver training, IntelliDrive, save driver, and payment discounts.
  • Farm Bureau discounts include good student, multi-vehicle, youthful driver, multi-policy, safe driver, driver training, and renewal discount.
  • Liberty Mutual offers discounts including good student, multi-car, new move discount, exclusive group savings, newly retired, and new vehicle discount.
  • American Family has discounts for bundled insurance, early bird, mySafetyValet, defensive driver, air bags, and multi-vehicle.
  • Progressive policyholders can earn discounts including multi-vehicle, continuous coverage, online signing, homeowner, multi-policy, online quote discount, and good student.

When comparing rates, check with each insurance company to give you their best rates. Some credits may not apply to policies in every state. For a list of insurers offering insurance coverage discounts, click this link.

When in doubt talk to an agent

When choosing proper insurance coverage, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that can help discover if your situation may require specific advice.

  • Is a fancy paint job covered?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered if I break a side mirror?
  • How does medical payments coverage work?
  • Which companies will insure high-risk drivers?
  • Am I missing any policy discounts?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is my BMW 3 Series eDrive covered if I use it for business?
  • Am I covered when driving on a suspended license?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

The coverage is in the details

Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average car insurance policy.

Coverage for collisions

Collision insurance pays for damage to your 3 Series eDrive caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as sideswiping another vehicle, scraping a guard rail, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Liability auto insurance

This coverage will cover damages or injuries you inflict on a person or their property. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability can pay for claims like court costs, repair costs for stationary objects and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 3 Series eDrive.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like vandalism, damage from a tornado or hurricane and hitting a deer. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for expenses for things like doctor visits, prosthetic devices, EMT expenses, surgery and nursing services. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Shop. Compare. Save.

Throughout this article, we presented a lot of information how to shop for 2016 BMW 3 Series eDrive insurance online. The most important thing to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may even find the lowest rates come from a smaller regional carrier. Smaller companies may have significantly lower car insurance rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There are too many instances where someone dropped uninsured motorist or liability limits and found out when filing a claim that they should have had better coverage. Your goal is to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.

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