Tricks for Getting the Cheapest BMW 328xi Insurance Prices

Pretty sure you bought an overpriced auto insurance policy? Don’t sweat it because many consumers feel financially strained by their auto insurance policy. Drivers have many insurers to choose from, and even though it’s nice to have a selection, more choices can make it harder to find the best rates.

You should take the time to quote other rates once or twice a year because prices tend to go up over time. Just because you found the lowest rates on 328xi insurance last year you will most likely find a better rate quote today. Forget anything you know (or think you know) about auto insurance because I’m going to teach you the proper way to find better rates and still maintain coverage.

How Insurers Determine BMW 328xi Insurance Premiums

Many different elements are part of the equation when pricing auto insurance. Some are obvious like a motor vehicle report, although some other factors are more obscure like your continuous coverage or how financially stable you are.

Listed below are a few of the things utilized by car insurance companies to help set your rates.

• More traffic equals higher costs – Having an address in small towns and rural areas may provide you with better prices when trying to find low car insurance rates. People in densly populated areas regularly have traffic congestion and a longer drive to work. Less people means less chance of accidents and a lower car theft rate.
• Miles impacts rates – Driving more miles each year the higher your rates will be. A lot of insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Vehicles that sit idle most of the time cost less to insure than vehicles that are driven to work every day. It’s always a good idea to double check that your vehicle rating shows the correct usage, because it can save money. An incorrectly rated 328xi is throwing money out the window.
• More policies can equal more savings – Most larger auto insurance companies apply better rates for people that buy multiple policies in the form of a multi-policy discount. Even though this discount sounds good, you may still want to shop around to guarantee you are still saving the most.
• Better auto insurance rates with anti-theft devices – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your car from being stolen.
• Filing policy claims can cost more – Car insurance companies award the lowest premiums to people who do not rely on their insurance for small claims. If you are the type of insured that files lots of claims you can definitely plan on either a policy non-renewal or much higher rates. Your car insurance is intended for major claims that would cause financial hardship.
• Pay less with a high IIHS safety rating – Vehicles with good safety scores tend to have better insurance rates. These vehicles reduce occupant injuries and any reduction in injury severity means less claims paid which can mean better rates for you. If your BMW 328xi scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.

There are a lot of ways to compare auto insurance prices but one way is less labor-intensive and much quicker. You could spend the better part of a day driving to insurance agencies in your area, or you could use online quoting for quick rates.

All the larger companies enroll in a system where prospective buyers enter their policy data once, and at least one company then returns a price quote. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To access this free quoting program, click here (opens in new window).

One minor caviat to getting quotes like this is you are unable to specify which carriers you will receive quotes from. So if you want to choose from a list of companies to compare prices, we put together a list of low cost auto insurance companies in your area. View list of insurance companies.

Whichever way you use, make sure you compare the same quote data with each company. If you have different deductibles it will be next to impossible to make an equal comparison.

Find hidden discounts to get affordable auto insurance quotes

Auto insurance companies don’t always advertise all possible discounts in a way that’s easy to find, so the following is a list of a few of the more well known as well as the least known discounts that you may qualify for.

• Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
• Senior Citizen Discount – Older drivers can possibly qualify for a small decrease in premiums on 328xi insurance.
• Discount for Multiple Policies – If you can combine your auto and homeowners policy with the same insurance company you could get a discount of up to 20% and get you .
• Safe Drivers – Insureds without accidents can pay as much as 50% less on 328xi insurance compared to accident prone drivers.
• New Car Discount – Putting coverage on a new car can get you a discount because new vehicles have to meet stringent safety requirements.
• Claim Free – Claim-free drivers get the best auto insurance rates when compared with frequent claim filers.

You should keep in mind that some credits don’t apply the the whole policy. Most only apply to individual premiums such as comp or med pay. So when it seems like adding up those discounts means a free policy, companies don’t profit that way.

The best auto insurance companies and their possible discounts are outlined below.

• 21st Century includes discounts for good student, early bird, anti-lock brakes, driver training, automatic seat belts, and defensive driver.
• State Farm offers premium reductions for multiple policy, passive restraint, good student, safe vehicle, and driver’s education.
• AAA may offer discounts for anti-theft, education and occupation, multi-car, good driver, and pay-in-full.
• Liberty Mutual may have discounts that include newly married, newly retired, new vehicle discount, multi-car, good student, hybrid vehicle, and new move discount.
• Progressive may include discounts for multi-policy, online quote discount, online signing, homeowner, and continuous coverage.

When getting , it’s a good idea to every company what discounts are available to you. Savings might not be available to policyholders in your area. To see auto insurance companies that offer the discounts shown above, click here.

Tailor your auto insurance coverage to you

When buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you might need an agent’s assistance.

• Am I covered when driving someone else’s vehicle?
• When would I need rental car insurance?
• Am I covered when using my vehicle for business?
• Is there coverage for injuries to my pets?
• Who is covered by my policy?
• Are all vehicle passengers covered by medical payments coverage?
• When should I remove comp and collision on my BMW 328xi?
• Should I rate my BMW 328xi as pleasure use or commute?
• How much liability coverage do I need in my state?
• Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Affordable auto insurance is out there

We’ve covered a lot of tips how to get a better price on BMW 328xi insurance. It’s most important to understand that the more times you quote, the better your comparison will be. You may be surprised to find that the best price on auto insurance is with a small local company. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

When you , don’t be tempted to buy poor coverage just to save money. There have been many cases where someone dropped liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. The aim is to buy enough coverage at a price you can afford.

Budget-friendly auto insurance can be sourced on the web in addition to local insurance agencies, so you should compare both so you have a total pricing picture. Some insurance companies may not provide rates over the internet and usually these small, regional companies prefer to sell through independent agencies.