Cheap 2019 BMW 8 Series Insurance Quotes in 2024

Buyers have options when searching for the best price on BMW 8 Series insurance. You can either waste hours contacting agents trying to get quotes or leverage the internet to compare rates.

There is a right way and a wrong way to find insurance coverage online so we’re going to tell you the quickest way to quote coverages on a BMW and get the cheapest rates.

Buy car insurance online

Cutting your car insurance rates doesn’t have to be difficult. Consumers just need to take time to compare rate quotes to find out which insurance company has affordable car insurance quotes. This is very easy and can be done in several different ways.

1. If you are pressed for time, the simplest way to get the best comparison quotes is to use a rate comparison form. This type of form saves time by eliminating separate forms for each price estimate. One simple form gets you price quotes from several companies. This is by far the quickest method.
2. A harder way to find better pricing requires you to visit the website of each company and fill out their own quote form. For examples sake, let’s say you want to view quotes from USAA, GEICO and Liberty Mutual. To get rate quotes you would need to visit each site and enter your policy data, and that’s why the first method is more popular.
3. Even if you have time, the least recommended method to price shop rates is to waste gas driving to different agent offices. Comparing online rate quotes eliminates the middleman unless you want the professional abilities that can only be provided by a licensed insurance agent. It is possible with some companies get the lowest quotes online but still have the advice of a local agent.

How you compare quotes is your choice, just make sure you are using nearly identical quote data for each quote you get. If you enter higher or lower deductibles it will be very difficult to truly determine the lowest rate.

Discounts for cheap insurance coverage rates

Companies that sell car insurance don’t list all possible discounts very well, so we break down some of the more common as well as some of the hidden insurance coverage savings.

• Discount for New Cars – Buying a new car instead of a used car can be considerably cheaper since new vehicles are generally safer.
• Accident Waiver – Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident without raising rates as long as you don’t have any claims prior to the accident.
• Data Collection Discounts – Drivers who elect to allow their company to spy on driving habits remotely like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they exhibit good driving behavior.
• Discounts for Good Drivers – Drivers without accidents can pay as much as 50% less on 8 Series coverage than their less cautious counterparts.
• Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out a life policy as well.
• Multi-car Discount – Buying coverage for multiple cars with the same company can reduce the rates for all insured vehicles.
• No Claim Discounts – Insureds who avoid accidents and claims pay much less in comparison to drivers with a long claim history.
• Low Mileage Discounts – Fewer annual miles on your BMW could qualify for substantially lower rates.
• Theft Deterrent Discount – Cars with anti-theft systems can help prevent theft so companies will give you a small discount.
• Club Memberships – Having an affiliation with a professional or civic organization is a good way to get lower rates on your bill.

As is typical with insurance, most credits do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though you would think you could get a free insurance coverage policy, you aren’t that lucky.

Companies and the discounts they provide are:

• State Farm discounts include Drive Safe & Save, defensive driving training, multiple autos, student away at school, and good driver.
• Progressive policyholders can earn discounts including multi-policy, multi-vehicle, online signing, good student, online quote discount, homeowner, and continuous coverage.
• Travelers may have discounts that include home ownership, hybrid/electric vehicle, good student, student away at school, multi-policy, and multi-car.
• American Family has savings for mySafetyValet, early bird, good driver, accident-free, and TimeAway discount.
• Liberty Mutual includes discounts for multi-car, hybrid vehicle, preferred payment discount, newly married, and safety features.

If you need lower rates, check with each insurance company which discounts they offer. Depending on the company, some discounts may not apply to policies in your area. To find insurance companies who offer free insurance coverage quotes, enter your zip code here.

Informed consumers save on insurance

Lots of factors are part of the equation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but others are less apparent such as your marital status or your financial responsibility.

• Liability coverage – The liability section of your policy provides coverage if you are found liable for an accident. Liability insurance provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
• Long commutes cost more – The more miles you rack up on your BMW in a year’s time the more it will cost to insure it. Almost all companies charge rates based on their usage. Vehicles that are left in the garage receive better premium rates than those used for commuting. Verify your insurance policy states annual mileage, because improper ratings can cost you money. Incorrect rating for your 8 Series is just wasting money.
• Responsible drivers pay lower costs – Being a careful driver influences premium rates substantially. Only having one speeding ticket could increase your next policy renewal to the point where it’s not affordable. Drivers with clean records pay less for auto insurance than their less careful counterparts. Drivers unfortunate enough to have severe violations like reckless driving, hit and run or driving under the influence are required to file a SR-22 to the state department of motor vehicles in order to keep their license.
• Save money by having high credit – Having a bad credit score is a big factor in determining your rates. So if your credit leaves room for improvement, you could pay less to insure your 2019 BMW 8 Series by improving your credit score. Drivers with excellent credit tend to be more responsible and file fewer claims than those with poor credit scores.

Tailor your insurance coverage to you

When it comes to buying coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions can help discover if your insurance needs would benefit from an agent’s advice.

• What is high-risk coverage and where do I buy it?
• How do I buy GAP insurance?
• How much liability do I need to cover my assets?
• When should I buy a commercial auto policy?
• Does my medical payments coverage pay my health insurance deductible?
• Is upholstery damage covered by car insurance?
• Do I have coverage when pulling a U-Haul trailer?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code. It only takes a few minutes and can help protect your family.

Insurance coverages and their meanings

Understanding the coverages of a insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Collision – This covers damage to your 8 Series resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as sustaining damage from a pot hole, damaging your car on a curb, colliding with a tree, driving through your garage door and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually these coverages are identical to your policy’s liability coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for pain medications, surgery and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability car insurance – Liability insurance protects you from injuries or damage you cause to a person or their property. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things such as pain and suffering, funeral expenses, repair costs for stationary objects, medical services and bail bonds. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Comprehensive insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, hail damage, hitting a deer, vandalism and theft. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Don’t be a big spender

When shopping online for auto insurance, it’s a bad idea to buy poor coverage just to save money. In many cases, drivers have reduced full coverage to discover at claim time that it was a big error on their part. The goal is to purchase plenty of coverage at the lowest possible cost, but do not skimp to save money.

Some insurance companies may not offer rates over the internet and usually these small insurance companies only sell through independent agents. Budget-conscious 2019 BMW 8 Series insurance is available on the web as well as from insurance agents, and you should be comparing both to have the best selection.

Throughout this article, we presented some good ideas how you can get a better price on 2019 BMW 8 Series insurance. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may be surprised to find that the best rates are with the smaller companies.