BMW 640i Owners Discover How to Cut Their Auto Insurance Rates

Consumers have options when looking for affordable BMW 640i insurance. You can either waste hours driving around getting price quotes or leverage the internet to find the lowest rates.

There is a right way and a wrong way to shop for auto insurance so you’re going to learn the absolute fastest way to price shop coverage for your BMW and get the cheapest rates.

You should make it a habit to get comparison quotes yearly because prices tend to go up over time. Just because you found the best rate on 640i coverage last year the chances are good that you can find a lower premium rate today. You’ll find a ton of advice on auto insurance out there, but I’m going to show you some proven techniques to quit paying high auto insurance rates.

Cutting your auto insurance rates is not a difficult process. The only thing you need to do is take the time to compare rate quotes from online providers. This is very easy and can be done by following the guidelines below.

Without a doubt, the easiest way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This style of form eliminates the need for a different quote for each company. Completing one form gets rate comparisons from many national carriers. This is perfect if you don’t have a lot of time.

A less efficient way to find more affordable insurance requires you to visit the website for each individual company and get a separate price quote. For examples sake, let’s assume you want to compare State Farm, Safeco and Allstate. In order to get each rate, you would have to navigate to each company’s site and repeatedly type in your coverage information, which can be really labor intensive. For a handy list of car insurance company links in your area, click here.

The final method to compare price estimates is to spend your day driving to local insurance agencies. The fact that you can get quotes online eliminates this option unless you require the personal advice of an agent trained in personal lines coverage. Drivers can compare the best prices online but have a local agent actually write the policy.

You can use whichever method you prefer to find lower rates, just try to keep apples-to-apples coverage data on every price quote you get. If you use differing limits it will be next to impossible to decipher which rate is best.

Discounts for lower auto insurance rates

Auto insurance is neither fun to buy or cheap, but discounts can save money and there are some available to help offset the cost. Larger premium reductions will be automatically applied at quote time, but once in a while a discount must be requested specifically before they will apply.

• Discount for Multiple Policies – When you combine your homeowners and auto insurance and insure them both with the same insurance company you may earn as much as 10 to 15 percent.
• Driving Data Discount – Insureds who allow data collection to spy on driving manner by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they have good driving habits.
• No Claims – Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
• Safety Course Discount – Participating in a course that instructs on driving safety may get you a small discount and make you a better driver.
• Good Student – Getting good grades may save as much as 25% on a . The discount lasts well after school through age 25.
• Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
• Early Signing – A few auto insurance companies give discounts for switching companies before your current expiration date. You can save around 10% with this discount.
• Low Mileage – Low mileage vehicles can qualify you for lower prices due to less chance of an accident.
• College Student Discount – Kids who are attending college and don’t have a car may be insured at a cheaper rate.
• Life Insurance Discount – If the company offers life insurance, you could get lower auto insurancerates if you buy life insurance.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. Even though it appears adding up those discounts means a free policy, auto insurance companies aren’t that generous.

Some companies who may offer some of the discounts shown above include:

• State Farm
• American Family
• GEICO
• 21st Century
• Progressive

Check with each company or agent which discounts can lower your rates. A few discounts might not apply in your area. To locate companies with the best auto insurance discounts, click here.

You may need specialized auto insurance coverage

When it comes to choosing the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Each situation is unique.

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

• Am I covered if I wreck a rental car?
• Do I have coverage when pulling a U-Haul trailer?
• When should my teen driver be added to my policy?
• Should I drop comprehensive coverage on older vehicles?
• Are all vehicle passengers covered by medical payments coverage?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Should I buy only the required minimum liability coverage?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It’s fast, free and may give you better protection.