Comparing Auto Insurance for a BMW 135i Made Easy

Think you have an overpriced auto insurance policy? You’re preaching to the choir because there are lots of residents who feel the same. Because you have many companies to choose from, it’s nearly impossible to choose a lower cost auto insurance provider.

Auto insurance discounts help lower rates

Insurance can cost an arm and a leg, but discounts can save money and there are some available that can help lower your rates. Larger premium reductions will be automatically applied when you quote, but lesser-known reductions have to be manually applied before you will receive the discount.

• Driver Education Discount – Have your child participate in a local driver’s education class if it’s offered in school.
• No Claims – Drivers with accident-free driving histories are rewarded with significantly better rates on compared to drivers with a long claim history.
• Distant Student – Youth drivers who are enrolled in higher education away from home and won’t have access to an insured vehicle may qualify for this discount.
• Military Rewards – Having a family member in the military could be rewarded with lower auto insurance rates.
• Discount for Low Mileage – Maintaining low annual mileage can earn slightly better premium rates than normal.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out some life insurance in addition to your auto policy.
• Smart Student Discounts – Excelling in school may save you up to 25%. Earning this discount can benefit you up until you turn 25.
• Save over 55 – If you’re over the age of 55, you are able to get a slight reduction on a on 135i insurance.
• Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen less frequently and that can save you a little bit as well.
• Government Employees – Employees or retirees of the government can earn a discount up to 10% on 135i insurance depending on your company.

Drivers should understand that most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, company stockholders wouldn’t be very happy.

To view companies who offer auto insurance discounts, click this link.

Most major insurance companies make it easy to get prices direct online. Getting prices online can be done by anyone as you just enter the amount of coverage you want into the quote form. Upon sending the form, the system sends out for your driving record and credit report and gives you a price quote. Online price estimates makes it a lot easier to compare rates but the process of having to visit many different websites and type in your information is repetitive and time-consuming. But it is imperative to have as many quotes as possible in order to find better auto insurance pricing.

Isn’t there an easier way to compare rates?

A quicker way to compare rates is to use a quote form that gets prices from a lot of companies. The form is fast, requires much less work on your part, and makes comparison shopping much more efficient. After your information is entered, it is rated and you can choose any or none of the pricing results.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. This process takes less than 15 minutes and could lower your rates considerably.

If you want to compare rates now, click here to open in a new tab and submit your coverage information. To compare your current rates, we recommend you copy exactly as shown on your declarations page. Using the same limits helps guarantee you are getting an apples-to-apples comparison for the exact same coverage.

Why You Might Pay Lower Rates

Consumers need to have an understanding of a few of the rating criteria that come into play when calculating the rates you pay for auto insurance. If you know what determines premiums, this empowers consumers to make smart changes that could result in lower premium levels. Lots of factors are considered when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other factors are not quite as obvious like your continuous coverage and annual miles driven.

• Poor credit decisions can cost you – Having a bad credit score is likely to be a major factor in determining what you pay for auto insurance. Insureds with good credit tend to be better risks to insure than those with bad credit. If your credit history can use some improvement, you could save money insuring your BMW 135i by taking the time to improve your credit score.
• Never go without auto insurance – Driving your car without having proper coverage is not a good idea and you may have a hard time finding new coverage because you let your insurance lapse for non-payment. And not only will your rates increase, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
• Do safer cars cost less to insure? – Safer cars are cheaper to insure. The safest vehicles result in less severe injuries and fewer serious injuries translates into savings for insurance companies and lower rates for you. If your BMW scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
• Only buy coverage you need – There are a ton of add-on coverages that can waste your money but may not be useful. Coverage for things like replacement cost coverage, death and dismemberment, and additional equipment coverage are probably not needed. They may seem good when deciding what coverages you need, but your money might be better spent on other coverage so remove them and pocket the money.
• Certain employers raise rates – Careers like judgespolice officers and emergency personnel tend to pay the highest average rates in part from intense work-related stress and incredibly demanding work hours. Conversely, occupations like actors, engineers and the unemployed get better rates on 135i insurance.
• Gals tend to be lower risk – Over time, data shows that men are more aggressive behind the wheel. Now that doesn’t mean females are better at driving than males. Females and males are in accidents in similar numbers, but males cause more damage. Men also get ticketed for serious violations like DWI (DUI) or reckless driving.
• Age of drivers – More mature drivers are shown to be more cautious, cost insurance companies less in claims and are safer drivers.Teen drivers are statistically shown to be inattentive with other occupants in the car so auto insurance rates are higher.

Switch companies and save? Really?

Consumers can’t get away from all the ads for auto insurance savings by Allstate and Progressive. They all seem to state the claim that drivers can save some big amount if you get a free and switch your policy.

How can each company claim to save you money? You have to listen carefully.

Different companies offer their best rates for a prospective insured that makes them money. An example of a profitable insured may be a female over age 40, has had continuous coverage, and the vehicle is rated for pleasure use. Any customer who fits that profile will qualify for the lowest prices and as a result will probably cut their rates substantially.

Insureds who do not match those standards will see higher rates and this results in the customer not purchasing. If you listen closely, the ads state “drivers that switch” but not “everyone who gets a quote” save that kind of money. That’s why companies can advertise the way they do.

Each company has different criteria, so you really should compare as many as you can. It’s just too difficult to predict with any certainty which company will have the lowest premium rates for your situation.

Final considerations

Cheaper BMW 135i insurance is available from both online companies and from local agencies, so get from both of them to have the best selection. Some insurance companies don’t offer online price quotes and these regional insurance providers provide coverage only through independent insurance agencies.

We covered a lot of techniques to compare BMW 135i insurance premium rates online. The key thing to remember is the more times you quote, the better your comparison will be. You may be surprised to find that the lowest premium rates are with a lesser-known regional company. They can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.