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1998 Infiniti M Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Mar 9, 2020

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Trying to find lower insurance coverage rates for your BMW M? Did you fall for a flashy sales pitch and buy high-priced insurance coverage? Believe me when I say there are many people just like you. Many insurers compete for your business, and because of this it can be hard to compare auto insurance companies to find the absolute lowest rate possible.

It’s a great practice to check insurance coverage prices once or twice a year due to the fact that insurance rates change frequently. Despite the fact that you may have had the best deal for M insurance on your last policy you can probably find a lower rate today. So forget all the misinformation about insurance coverage because I’m going to teach you the things you must know in order to save on insurance coverage.

If you have a current insurance coverage policy or need new coverage, you can follow these tips to cut your premiums while maximizing coverage. Choosing the best insurance company for you is not that difficult. Consumers only need to know the proper way to shop their coverage around over the internet.

Discounts are available to cut your rates

The cost of insuring your cars can be expensive, but companies offer discounts to help bring down the price. Larger premium reductions will be automatically applied at the time of purchase, but a few must be specially asked for before being credited. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for M insurance than less cautious drivers.
  • Early Signing – Select companies give a discount for switching policies before your current expiration date. This can save 10% or more.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Accident Free – Drivers who don’t have accidents can earn big discounts compared to frequent claim filers.
  • No Charge for an Accident – A few companies will forgive one accident without raising rates so long as you haven’t had any claims for a set time period.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.

It’s important to note that some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like comprehensive or collision. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will cut your overall premium however.

Car insurance companies that possibly offer these discounts include:

Check with all companies you are considering what discounts are available to you. Discounts might not be offered in your state.

Everyone needs different coverages

When it comes to buying the right insurance coverage, there is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might help in determining whether your personal situation might need an agent’s assistance.

  • Do I need PIP coverage since I have good health insurance?
  • Will my rates increase for filing one claim?
  • When should I remove comp and collision on my 1998 BMW M?
  • Do I really need UM/UIM coverage?
  • Is pleasure use cheaper than using my 1998 BMW M to commute?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered if my car is in a flood?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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Do car insurance companies bend the truth?

Consumers constantly see and hear ads for the lowest price auto insurance from companies such as State Farm, GEICO and Progressive. They all have a common claim of big savings after switching your policy.

How can each company make the same claim?

Different companies have a preferred profile for the right customer they prefer to insure. A good example of a profitable customer could be over the age of 50, is a homeowner, and has a short commute. A customer getting a price quote who matches those parameters receives the best rates and most likely will save when switching.

Drivers who don’t meet these standards will have to pay higher prices which leads to business not being written. The ad wording is “people who switch” not “everyone that quotes” save that much. That’s the way insurance companies can claim big savings.

Because of the profiling, it is so important to get quotes from several different companies. Because you never know which insurance companies will fit your personal profile best.

Insurance coverages and their meanings

Learning about specific coverages of insurance can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 1998 BMW M.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Comprehensive (Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from getting keyed, a tree branch falling on your vehicle, fire damage and hitting a bird. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision insurance pays for damage to your M resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like rolling your car, sustaining damage from a pot hole, crashing into a building, driving through your garage door and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Auto liability insurance

Liability insurance will cover damage that occurs to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like funeral expenses, court costs and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills for funeral costs, pain medications, EMT expenses and X-ray expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

A tidy conclusion

We covered a lot of ways to compare 1998 BMW M insurance prices online. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the most savings is with a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

As you restructure your insurance plan, make sure you don’t buy less coverage just to save a little money. In too many instances, an insured dropped liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible for the lowest price, not the least amount of coverage.

More detailed auto insurance information can be found by following these links:

Use our FREE quote tool to compare rates now!

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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