Paying for high-priced BMW 328i insurance can empty your savings account and make it impossible to make ends meet. Doing a price comparison is a great way to cut your insurance bill. You have multiple insurers to choose from, and though it is a good thing to be able to choose, so many choices can make it hard to locate the cheapest rates.
How to Compare Car Insurance Quotes
All major car insurance companies like State Farm and Allstate allow you to get pricing on their websites. Getting quotes is quite easy as you just enter the amount of coverage you want into a form. When the form is submitted, the system orders your credit score and driving record and gives you a price quote based on many factors. Being able to quote online makes comparing rates easy, but the work required to visit each company’s website and repetitively type in the same information is repetitive and time-consuming. But it is imperative to perform this step in order to find a lower rate.
A quicker way to find better car insurance pricing makes use of a single form to return rates from several companies at one time. It saves time, eliminates form submissions, and makes quoting online much more efficient. Immediately after submitting the form, it gets priced with multiple companies and you can pick any one of the price quotes you receive. If you find a better price you simply finish the application and buy the new coverage. The entire process just takes a couple of minutes and may save quite a bit of money.
To save time and use this form to compare rates, click here to open in new window and enter your vehicle and coverage information. If you have a policy now, it’s recommended that you enter the coverages identical to your current policy. Doing this guarantees you’re receiving rate quotes using the exact same coverages.
Cut your premium with discounts
Car insurance companies don’t always list all their discounts very well, so we break down some of the more common as well as the least known ways to save on car insurance. If you don’t get every credit possible, you’re paying more than you need to.
- Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance.
- Federal Employees – Being employed by or retired from a federal job can save as much as 8% for 328i coverage depending on your company.
- Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
- Driver’s Ed – Require your teen driver to enroll in driver’s education in high school.
- Seat Belts Save – Buckling up and requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
- Service Members Pay Less – Being on active duty in the military could be rewarded with lower premiums.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks with the same company may reduce the rate for each vehicle.
- New Vehicle Savings – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. So when it seems like it’s possible to get free car insurance, you’re out of luck.
For a list of companies offering car insurance discounts, click this link.
Why your BMW 328i insurance rates may be high
It’s important that you understand the different types of things that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that can help you get better car insurance rates.
The list below includes a few of the “ingredients” companies use to determine your rates.
- Pay less after the wedding – Getting married can actually save you money on car insurance. Having a spouse translates into being more mature and responsible and it’s statistically proven that married couples file fewer claims.
- With age comes lower rates – Teen drivers are statistically proven to be less responsible when behind the wheel so they pay higher car insurance rates. Older insureds tend to be more responsible, tend to cause fewer accidents and get fewer tickets.
- Pleasure use saves money – The more miles you rack up on your BMW every year the higher your rates will be. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks not used for work or commuting can get a lower rate than those used for commuting. An improperly rated 328i may be wasting your money. Ask your agent if your car insurance policy is rated on how each vehicle is driven, because it can save money.
- Multiple policies with one company can save – Many car insurance companies will award you with lower prices to people who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to shop around to ensure the best deal.
- Choose a safe vehicle and save – Cars with high safety ratings can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your BMW 328i earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Smart shoppers get results
You just read a lot of ways to get a better price on BMW 328i insurance. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. You may even discover the lowest premiums are with a lesser-known regional company. They may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate, GEICO and Progressive.
The cheapest BMW 328i insurance can be sourced online as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some car insurance companies don’t offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
