1996 BMW 8 Series Insurance Quotes – 9 Discounts for Cheaper Rates

Trying to find the cheapest insurance rates for your BMW 8 Series? Saving money on insurance is always difficult for people who are new to comparison shopping online. You have so many options available that it can be a real hassle to locate the lowest price.

It’s important to price shop coverage yearly since rates change frequently. Just because you found the lowest price on 8 Series coverage last year the chances are good that you can find a lower rate today. So block out anything you think you know about insurance because we’re going to show you the fastest and easiest way to properly buy coverages and cut your premium.

How to Buy Auto Insurance Online

There are several ways you can shop for BMW 8 Series auto insurance and some are easier and takes less work. You can spend countless hours driving to insurance companies in your area, or you could use the web to get rate comparisons in just a few minutes.

Many companies take part in a program that allows shoppers to submit their information once, and each participating company then returns a price quote based on that data. This prevents consumers from doing repetitive form submissions for every auto insurance company.

To access this free quoting program, click to open 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 select individual companies to compare prices, we put together a list of the cheapest auto insurance companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare the exact same coverage information for each price quote. If you enter unequal deductibles or liability limits you will not be able to determine which rate is truly the best. Just a small difference in insurance coverages can result in a big premium difference. And when price shopping your coverage, having more price comparisons gives you a better chance of getting the best rates.

Discounts mean cheaper BMW 8 Series insurance rates

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so we took the time to find both well-publicized and also the lesser-known car insurance savings.

• Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
• Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on 8 Series coverage than drivers with accident claims.
• Fewer Miles Equal More Savings – Fewer annual miles on your BMW could qualify for better rates on cars that stay parked.
• Accident Forgiveness – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims for a set time period.
• Student in College – Youth drivers who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
• Driver’s Ed – Require your teen driver to enroll in driver’s education if it’s offered in school.
• Good Student Discount – Getting good grades can save 20 to 25%. The discount lasts up until you turn 25.
• Homeowners Savings – Owning a home can save you money because maintaining a house shows financial diligence.
• Senior Discount – Mature drivers can possibly qualify for better car insurance rates on 8 Series coverage.

A little note about advertised discounts, most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as comp or med pay. So when it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

For a list of providers with discount car insurance rates, follow this link.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there is no “best” method to buy coverage. Every situation is different.

These are some specific questions might point out whether or not you could use an agent’s help.

• What if I owe more than I can insure my car for?
• Does car insurance cover theft of personal property?
• Who is covered when they drive my 1996 BMW 8 Series?
• Does insurance cover damages from a DUI accident?
• Does my car insurance cover rental cars?
• When would I need rental car insurance?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance 101

Knowing the specifics of your car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, falling objects, damage from flooding and hitting a bird. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – This covers damage to your 8 Series resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a mailbox, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 1996 BMW 8 Series.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Coverage for liability – This protects you from damage that occurs to other people or property that is your fault. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which means $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.

Liability coverage protects against things like medical services, repair costs for stationary objects and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like hospital visits, pain medications, X-ray expenses, dental work and doctor visits. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage