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BMW BMW 3-Series 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: Jan 13, 2020

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Feel like you’re a prisoner to an underperforming, overpriced insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their insurance policy. Consumers have many car insurance companies to choose from, and although it’s nice to have a choice, it can be more challenging to find a good deal.

The best way to compare rate quotes utilizes the fact auto insurance companies pay for the opportunity to give rate comparisons. To begin a comparison, all you need to do is give the companies some data such as your job, how much you drive, if you lease or own, and the type of vehicles you drive. Those rating factors is instantly provided to insurance carriers in your area and you get price estimates immediately.

To start a rate quote now, click here and find out if you can get cheaper insurance.

Discounts to lower BMW 3 Series insurance rates

Car insurance companies do not advertise every available discount in an easy-to-find place, so we break down both well-publicized and the more hidden car insurance savings. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off on 3 Series coverage depending on your company.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
  • One Accident Forgiven – A handful of insurance companies allow you one accident before your rates go up as long as you don’t have any claims prior to the accident.
  • Discount for Good Grades – This discount can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts when compared to frequent claim filers.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks with the same company qualifies for this discount.
  • New Car Discount – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Early Switch Discount – A few companies offer discounts for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on 3 Series coverage than drivers with accidents.

Keep in mind that many deductions do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.

To see a list of insurance companies with discount car insurance rates, click this link.

Tailor your coverage to you

When buying coverage, there isn’t really a single plan that fits everyone. Every situation is different and your policy should reflect that. Here are some questions about coverages that may help highlight whether or not you may require specific advice.

  • What vehicles should carry emergency assistance coverage?
  • Am I covered if my car is in a flood?
  • Am I covered if I wreck a rental car?
  • What are the best liability limits?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • When can I cancel my policy?
  • Will filing a claim cost me more?
  • Does having multiple vehicles earn me a discount?
  • Am I covered when pulling a rental trailer?
  • How much liability insurance is required?

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If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Switch companies and save? Really?

Drivers can’t ignore all the ads for cheaper car insurance from the likes of Progressive, Allstate and GEICO. They all make the same claim about savings after switching your coverage to them.

How do they all say the same thing? It’s all in the numbers.

All companies are able to cherry pick for the type of driver that is profitable for them. An example of a profitable customer could possibly be between 30 and 50, owns a home, and drives less than 7,500 miles a year. Any new insured who matches those parameters will get the preferred rates and most likely will save quite a bit of money when switching.

Drivers who fall outside the requirements will be charged more money and ends up with business not being written. The ads state “customers who switch” not “everyone that quotes” save that much. That’s the way insurance companies can make those claims. That is why you absolutely need to get a wide range of price quotes. You cannot predict which insurance companies will have the lowest BMW 3 Series insurance rates.

Insurance policy coverages for a 2005 BMW 3 Series

Having a good grasp of your insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on most insurance policies.

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to other people or property. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims like pain and suffering, medical expenses and structural damage. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP pay for bills for X-ray expenses, prosthetic devices, doctor visits and chiropractic care. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Protection from uninsured/underinsured drivers

This coverage provides protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your BMW 3 Series.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like falling objects, hail damage and a broken windshield. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

Collision insurance covers damage to your 3 Series resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as damaging your car on a curb, scraping a guard rail, sideswiping another vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

More comparisons equals lower rates

Cost effective 2005 BMW 3 Series insurance can be purchased on the web in addition to many insurance agents, and you need to price shop both to have the best selection. Some companies do not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

When shopping online for insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, someone dropped liability coverage limits only to regret at claim time they didn’t have enough coverage. Your focus should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

More tips and info about insurance can be found at these sites:

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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