6 Excellent Ways to Slash BMW 323i Insurance Prices

Drivers have options when trying to find low-cost BMW 323i insurance. They can either spend hours driving around to compare prices or leverage the internet to find the lowest rates.

There are both good and bad ways to buy auto insurance and you need to know the absolute fastest way to compare rates for your BMW and get the lowest price either online or from local insurance agents.

It’s a good idea to compare rates before your policy renews since insurance prices are variable and change quite frequently. Even if you think you had the lowest price on 323i insurance two years ago you will most likely find a better rate quote today. Block out anything you think you know about auto insurance because we’re going to show you the easiest way to reduce your cost while increasing coverage.

The BMW 323i Insurance Price Equation

Lots of factors are used in the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but others are less obvious such as whether you are married or your financial responsibility.

The itemized list below are a partial list of the pieces that factor into your rate level.

• You might pay more if you are single – Having a wife or husband actually saves money on your auto insurance bill. It means you’re more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
• Does auto insurance cost less for women? – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. That doesn’t necessarily mean that females are better drivers. Both genders cause at-fault accidents in similar percentages, but the male of the species have accidents that have higher claims. Men also get cited for more serious violations like DWI (DUI) or reckless driving. Male teenagers cause the most accidents so they pay the highest premiums.
• Avoid traffic tickets – Just one moving violation may increase your cost by as much as thirty percent. Attentive drivers get better prices than their less careful counterparts. People who have flagrant violations like DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to continue driving.
• Liability coverage – Your policy’s liability coverage provides coverage if ever you are found liable for physical damage or personal injury to other. This coverage provides you with a defense in court which can be incredibly expensive. It is affordable coverage compared to insuring for physical damage coverage, so buy as much as you can afford.

Cutting your auto insurance rates is a fairly straight forward process. You just have to spend a few minutes to compare to find the company with . It’s super easy and can be done by using one of the methods below.

• The single most time-saving way consumers can analyze rates is a comparison rater form (click to open form in new window). This form prevents you from having to do repetitive form submissions for each price estimate. Completing one form gets prices estimates from all major companies. It’s definitely the quickest method.
• A slightly less efficient method to find lower rates consists of visiting each company’s website and fill out a new quote form. For instance, we’ll assume you want to compare rates from GEICO, Progressive and GMAC. To get each rate you have to spend time going to each site individually to enter your coverage information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

Take whichever approach you prefer, but make sure you use exactly the same coverages and limits for every company. If you compare mixed coverages it’s impossible to make an equal comparison.

Auto insurance ads bend the truth

Consumers can’t avoid all the ads for the lowest price auto insurance by 21st Century, Allstate and State Farm. They all seem to have a common claim about how much you will save if you switch your auto insurance coverage to their company.

How does every company have lower policy pricing? Here is how they do it.

Most companies have a certain “appetite” for the type of insured they prefer to insure. For example, this type of risk profile could possibly be over the age of 40, has no tickets, and drives a lower-performance vehicle. A propective insured who fits that profile is entitled to the best price and will probably save a lot of money.

Insureds who fall short of the ideal profile will be quoted more expensive rates and this results in business going elsewhere. The trick is to say “drivers that switch” not “everyone who quotes” will save that much if they switch. That’s the way companies can advertise the way they do.

This emphasizes why you really need to do a quote comparison often. It’s just not possible to know which insurance companies will have the lowest rate quotes.

Discounts for lower auto insurance rates

Not many people think insurance is cheap, but you might already qualify for some discounts that can dramatically reduce your bill. Certain reductions will be credited when you get a quote, but some must be asked about before you will receive the discount.

• Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so you can save 10 percent or more.
• Save with a New Car – Buying a new car instead of a used car can get you a discount since newer models are generally safer.
• Organization Discounts – Affiliation with a civic or occupational organization could qualify you for a break on your bill.
• Early Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you could save 5% or more.
• Drivers Ed for Students – Have your child take driver’s ed class in high school.
• Multiple Cars – Having multiple cars on one policy can reduce the rates for all insured vehicles.
• No Accidents – Claim-free drivers are rewarded with significantly better rates on in comparison to frequent claim filers.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices help deter theft and that can save you a little bit as well.

A quick disclaimer, most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though you would think you can get free auto insurance, it just doesn’t work that way.

The best auto insurance companies and some of the premium reductions they offer are included below.

• GEICO may offer discounts for multi-vehicle, federal employee, anti-theft, air bags, anti-lock brakes, military active duty, and multi-policy.
• MetLife has savings for good student, claim-free, accident-free, good driver, and defensive driver.
• Progressive may include discounts for multi-policy, online signing, online quote discount, good student, homeowner, multi-vehicle, and continuous coverage.
• Travelers includes discounts for save driver, payment discounts, early quote, multi-car, multi-policy, student away at school, and driver training.
• SAFECO offers discounts including homeowner, accident prevention training, drive less, bundle discounts, teen safety rewards, and multi-car.
• AAA discounts include education and occupation, good driver, multi-policy, multi-car, AAA membership discount, and good student.

Before you buy a policy, ask each insurance company which credits you are entitled to. Some of the discounts discussed earlier may not apply in your area. If you would like to view insurance companies who offer discounts, click here to view.

Tailor your auto insurance coverage to you

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

These are some specific questions might point out whether you might need an agent’s assistance.

• Does medical payments coverage apply to all occupants?
• Do I have coverage for damage caused while driving under the influence?
• Can my teen driver be rated on a liability-only vehicle?
• Are my tools covered if they get stolen from my vehicle?
• What should my uninsured motorist coverage limits be in my state?
• Why does it cost so much to insure a teen driver?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form. It is quick, free and can provide invaluable advice.

Quote often and quote early

You just read a lot of information how to get a better price on BMW 323i insurance. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the best car insurance rates are with a small mutual company.

When getting , never skimp on coverage in order to save money. There have been many situations where drivers have reduced comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. Your objective should be to purchase a proper amount of coverage at the lowest possible cost, but don’t skip important coverages to save money.

Drivers who switch companies do it for a number of reasons such as unfair underwriting practices, denial of a claim, policy non-renewal and extreme rates for teen drivers. It doesn’t matter what your reason, finding the right auto insurance provider is less work than it seems.