Compare 2020 BMW 3 Series Insurance Quotes in 2024

Looking for better auto insurance rates for your BMW 3 Series? Locating the lowest price auto insurance over the internet may seem to be somewhat difficult for people who are beginners to quoting and comparing rates and buying auto insurance online. With dozens of online companies, how are we expected to efficiently compare them all to find the cheapest price possible?

Drivers save money with with these discounts

Car insurance companies do not advertise all discounts in an easy-to-find place, so we took the time to find some of the more common as well as some of the hidden discounts that you can inquire about if you buy auto insurance online.

• Good Driver Discount – Accident-free drivers can save as much as half off their rates on 3 Series coverage compared to rates paid by drivers with frequent claims.
• Buy New and Save – Adding a new car to your policy is cheaper because new vehicles are generally safer.
• Military Rewards – Having an actively deployed family member could qualify you for better rates.
• Organization Discounts – Participating in certain professional organizations could qualify you for a break when getting a auto insurance quote.
• Bundled Policy Discount – If you insure your home and vehicles with one insurance company you could earn a discount of at least 10% off all policies.
• Government Employee Discount – Federal government employees can save as much as 8% on 3 Series coverage with select insurance companies.
• Defensive Driver – Taking time to complete a driver safety course may get you a small discount if you qualify.
• Student Discounts – Getting good grades can save 20 to 25%. The good student discount can last up to age 25.
• Passive Restraint Discount – Factory options such as air bags may get savings up to 30%.
• Full Payment Discount – If paying your policy premium upfront rather than paying in monthly installments you can avoid the installment charge.

Remember that most discount credits are not given to the whole policy. Some only reduce individual premiums such as comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. But any discount should help reduce the amount you pay for coverage.

Popular insurance coverage companies and some of the premium reductions they offer can be read below.

• State Farm offers discounts including defensive driving training, student away at school, Steer Clear safe driver discount, accident-free, multiple autos, good driver, and multiple policy.
• Esurance offers premium reductions for anti-lock brakes, emergency road assistance, anti-theft, multi-car, DriveSense, and safety device.
• Progressive policyholders can earn discounts including online signing, multi-vehicle, homeowner, continuous coverage, multi-policy, online quote discount, and good student.
• Liberty Mutual may offer discounts for newly retired, new move discount, multi-policy, exclusive group savings, new graduate, newly married, and good student.
• Auto-Owners Insurance offers discounts for mature driver, teen driver, multi-policy, safe vehicle, and company car.
• GEICO may include discounts for emergency military deployment, defensive driver, multi-vehicle, membership and employees, and five-year accident-free.

Before purchasing a policy, check with each company or agent which discounts you qualify for. A few discounts might not be offered on policies in your state. If you would like to choose from a list of insurers that offer discounts, enter your zip code here.

The quickest way to compare rates utilizes the fact car insurance companies allow for online access to compare their rates. All consumers are required to do is provide a little information like if you have a valid license, your general credit rating, the ages of drivers, and what you do for a living. Your information is automatically sent to multiple different insurance companies and they provide comparison quotes instantly to find the best rate.

To check rates for your 2020 BMW 3 Series now, click here then complete the form.

Your situation helps dictate your coverage

When it comes to choosing the right insurance coverage for your vehicles, there is no best way to insure your cars. Every insured’s situation is different.

These are some specific questions may help you determine if you would benefit from professional advice.

• Is my 2020 BMW 3 Series covered for flood damage?
• How can I get my company to pay me more for my totalled car?
• Does my policy cover my teen driver if they drive my company car?
• Do I get a pro-rated refund if I cancel my policy early?
• Are all vehicle passengers covered by medical payments coverage?
• Am I covered when driving someone else’s vehicle?
• Does my insurance cover damage caused when ticketed for reckless driving?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, fill out your zip code.

Insurance policy specifics

Having a good grasp of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Medical expense insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses such as nursing services, pain medications, doctor visits, dental work and ambulance fees. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as legal defense fees, structural damage, repair costs for stationary objects, funeral expenses and emergency aid. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, theft and hitting a deer. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your BMW 3 Series.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Normally these limits do not exceed the liability coverage limits.

Coverage for collisions

Collision insurance covers damage to your 3 Series caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as hitting a mailbox, sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Shop smart and save

You just read many ways to reduce 2020 BMW 3 Series insurance premium rates online. The key thing to remember is the more companies you get prices for, the better your comparison will be. You may even discover the biggest savings come from a lesser-known regional company.

When trying to cut insurance costs, it’s a bad idea to reduce needed coverages to save money. There are many occasions where someone dropped full coverage and found out when filing a claim that the savings was not a smart move. Your objective should be to find the BEST coverage at the lowest possible cost while still protecting your assets.

Some companies don’t offer rates over the internet regional carriers only sell coverage through local independent agents. Lower-priced insurance coverage is possible both online in addition to many insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.