Consumers have lots of choices when looking for the lowest priced BMW 325i insurance. They can either spend hours driving around getting price quotes or save time using the internet to make rate comparisons. There is a better way to find auto insurance online so you’re going to learn the absolute fastest way to get price quotes for a new or used BMW and locate the lowest price from local insurance agents and online providers.
It’s smart to compare rates yearly because rates change frequently. Despite the fact that you may have had the best price last year you can probably find a lower rate today. So just block out anything you think you know about auto insurance because we’re going to show you the best way to remove unneeded coverages and save money.
Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these techniques. Although drivers must know how the larger insurance companies price online insurance and use this information to your advantage.
Finding Auto Insurance
The are a couple different ways to get rate comparisons from local auto insurance companies. The best method to find the lowest BMW 325i rates consists of shopping online. This can be accomplished in a couple of different ways.
- The recommended way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This easy form prevents you from having to do boring form submissions for each company you want a rate for. Just one form will return quotes from multiple low-cost companies. This is by far the quickest method.
- A different way to compare rate quotes is to manually visit the website for each individual company and request a quote. For examples sake, let’s assume you want rates from GEICO, State Farm and American Family. To get each rate you have to go to every website to enter your coverage information, which is why most consumers use the first method.
To view a list of companies in your area, click here.
- The least efficient way of getting rate comparisons is to spend time driving to local insurance agencies. Shopping for auto insurance online makes this process obsolete unless you prefer the personal advice that only a license agent can provide. However, consumers can compare the best prices online but buy from a local insurance agent. We’ll cover that shortly.
Whichever method you choose, make sure you use identical information for every quote you compare. If you compare different liability limits it’s not possible to determine the lowest rate for your BMW 325i. Quoting even small variations in insurance coverages may result in a large different in cost. And when comparing auto insurance rates, know that getting more free quotes provides better odds of getting the best price.
Cut your premium with discounts
Companies that sell car insurance do not advertise all their discounts very clearly, so we researched both well-publicized and the more hidden savings tricks you should be using.
- Claim Free – Drivers who don’t have accidents can save substantially as compared to frequent claim filers.
- Government Employees – Simply working for the federal government could cut as much as 10% off with select insurance companies.
- Lower Rates for Military – Being on active duty in the military could be rewarded with lower premiums.
- Accident Waiver – Certain companies permit an accident without raising rates as long as you don’t have any claims for a set time period.
- Bundle and Save – When you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
- Safety Course Discount – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
It’s important to note that most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, you won’t be that lucky.
Parts of the BMW 325i rate equation
It’s important that you understand the different types of things that play a part in calculating the price you pay for auto insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
Shown below are a few of the “ingredients” used by your company to calculate rates.
Liability coverage protects you – Your policy’s liability coverage is the protection if ever a court rules you are at fault for personal injury or accident damage. Liability provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
Do you have a high stress job? – Jobs such as lawyers, business owners and financial analysts have higher average rates attributed to stressful work requirements and long work days. Conversely, occupations such as pilots, engineers and retirees get better rates.
Big city or small town – Residing in small towns and rural areas can be a good thing when insuring your vehicles. Drivers who live in large cities have to deal with much more traffic and longer commute times. Fewer drivers means a lower chance of having an accident.
How your age affects price – Teen drivers have a tendency to be more careless when driving so they pay higher auto insurance rates. Having to add a youthful driver onto a policy can be very expensive. More mature drivers are viewed as being more responsible, statistically cause fewer accidents and get fewer tickets.
How credit affects auto insurance rates – Credit score is a large factor in determining what you pay for auto insurance. People with high credit ratings tend to be more responsible than drivers with lower credit scores. If your credit history is low, you could be paying less to insure your BMW 325i by spending a little time repairing your credit.
Higher deductibles cost less – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your BMW. A few examples of covered claims could be colliding with a building, damage from fire, and rolling your vehicle. Deductibles for physical damage are how much you are willing to pay out-of-pocket if you file a covered claim. The higher the amount you have to pay, the bigger discount you will receive.
Better crash test results mean better rates – Vehicles with high crash test scores can get you lower premiums. These vehicles protect occupants better and lower injury rates translates into savings for insurance companies and thus lower rates. If your BMW has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
What about using a local agent?
Some consumers would rather get advice from a local agent and that is a personal choice. The best thing about getting online price quotes is the fact that you can find lower rates but still work with a licensed agent.
By using this short form, your insurance coverage information gets sent to local insurance agents who will give you bids for your coverage. You won’t need to leave your house since price quotes are sent immediately to your email address. Now that’s easy! You can find better rates and an insurance agent to talk to.
For a listing of auto insurance agents in your state, visit this page.
What is the best insurance coverage?
When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.
For example, these questions may help you determine if your situation would benefit from professional advice.
- Should I drop comprehensive coverage on older vehicles?
- Is rental equipment covered for theft or damage?
- Am I covered when driving in Canada or Mexico?
- What is the difference between comprehensive and collision coverage?
- Do I need to file an SR-22 for a DUI my state?
- Are you required to get a high-risk car insurance policy?
- Am I covered if I wreck a rental car?
- Do I need roadside assistance coverage?
If it’s difficult to answer those 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, take a second and complete this form.
Don’t listen to company ads
Auto insurance companies such as GEICO, State Farm and Progressive consistently run ads on television and other media. They all seem to make an identical promise that you’ll save big if you change your coverage to them. How does each company make almost identical claims? Here’s the trick they use.
Insurance companies have a preferred profile for the type of customer they prefer to insure. For example, a desirable insured could possibly be between the ages of 40 and 55, has no prior claims, and chooses high deductibles. A customer who meets those qualifications gets the lowest rates and as a result will probably cut their rates substantially.
Potential customers who don’t meet these standards will have to pay higher rates and ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that much money. This is how companies can make those claims. Because of the profiling, you absolutely need to get quotes from several different companies. It’s impossible to know which auto insurance company will fit your personal profile best.
Compare but don’t skimp
We just showed you quite a bit of information on how to compare BMW 325i insurance prices online. It’s most important to understand that the more quotes you get, the higher your chance of finding lower rates. Consumers could even find that the best prices are with a small mutual company.
People leave their current company for many reasons like high rates after DUI convictions, delays in paying claims, extreme rates for teen drivers and policy non-renewal. It doesn’t matter what your reason, choosing a new insurance company is easier than you think.
While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at an affordable rate.
