Compare 1999 BMW M Car Insurance Quotes

Nobody looks forward to paying for auto insurance, in particular when their premiums are through the roof. Insurance companies such as GEICO, 21st Century and Progressive persitently shower you with TV and radio ads and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

The quickest way to compare insurance rates from multiple companies utilizes the fact all the major auto insurance companies provide online access to quote your coverage. To start a quote, the only thing you need to do is provide details like how old drivers are, any included safety features, coverage limits, and your occupation. That rating information is sent automatically to multiple companies and they return cost estimate within a short period of time.

To compare multiple company rates now, click here and enter your zip code.

Auto insurance myths debunked

Drivers constantly see and hear ads for cheaper car insurance from the likes of Progressive, Allstate and GEICO. All the ads make the same claim about savings if you move your coverage to them.

But how can every company say the same thing? This is how they do it.

All companies can use profiling for the driver they prefer to insure. For instance, a driver they prefer could possibly be over the age of 50, owns a home, and has a high credit rating. A driver who fits that profile gets the lowest rates and is almost guaranteed to save when they switch companies.

Potential customers who don’t qualify for the requirements will have to pay higher rates which leads to business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save money. This is how insurance companies can confidently advertise the savings.

Because of the profiling, it is so important to get as many quotes as possible. It’s not possible to predict which company will provide you with the cheapest BMW M insurance rates.

Pieces of the BMW M insurance rate puzzle

Consumers need to have an understanding of the rating factors that come into play when calculating your insurance coverage rates. Having a good understanding of what determines base rates allows you to make educated decisions that may reward you with big savings.

The list below includes some of the items companies use to determine rates.

  • Do you qualify for a multi-policy discount? – The majority of insurance coverage companies give discounts to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to shop around to confirm you are receiving the best rates possible.
  • Poor credit can mean higher rates – Credit rating is a important factor in your rate calculation. People with excellent credit tend to be more responsible than drivers with lower credit scores. If your credit can use some improvement, you could pay less to insure your 1999 BMW M by improving your credit score.
  • Men are more aggressive – Statistics show that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. Men and women have accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get more serious tickets such as DWI and reckless driving. Young males tend to get in the most accidents and therefore are the most expensive to insure.
  • Save money with special equipment – Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
  • Cautious drivers pay less – Drivers who don’t get tickets receive lower rates than bad drivers. Just one moving violation can bump up the cost by as much as thirty percent. Drivers who get serious violations such as DUI or reckless driving may be required to submit a SR-22 form with their state motor vehicle department in order to continue driving.

Don’t miss out on these money-saving discounts

The price of auto insurance can be rather high, but you can get discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but some must be asked about before being credited. If you’re not getting every credit available, you are paying more than you should be.

  • Early Signing – Some insurance companies reward drivers for signing up prior to your current policy expiration. This can save 10% or more.
  • Passive Restraints – Vehicles equipped with air bags can get savings of up to 25% or more.
  • Homeowners Discount – Owning a house can save you money because maintaining a house is proof that your finances are in order.
  • Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
  • Paperless Signup – Certain companies give back up to $50 for buying your policy on their website.
  • Life Insurance – Some companies give better rates if you take out a life insurance policy as well.

It’s important to note that some credits don’t apply the the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will bring down your premiums.

Car insurance companies that may offer some of the above discounts include:

Double check with every prospective company which discounts they offer. Savings might not be offered in every state.

Do I need special coverages?

When choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique so your insurance needs to address that. These are some specific questions might help in determining whether you would benefit from professional advice.

  • When would I need rental car insurance?
  • Am I covered if I drive in a foreign country?
  • Why am I required to buy liability insurance?
  • Do I have newly-aquired coverage?
  • Am I covered if I wreck a rental car?
  • Are split liability limits better than a combined single limit?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Educate yourself about insurance coverages

Having a good grasp of a insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types available from insurance companies.

Comprehensive auto coverage – This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as theft, rock chips in glass, hail damage, fire damage and falling objects. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability coverage – Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like structural damage, emergency aid, bail bonds, repair costs for stationary objects and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like hitting a mailbox, crashing into a ditch, colliding with a tree, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for expenses for things like surgery, ambulance fees and hospital visits. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Make a quick buck

When trying to cut insurance costs, do not reduce coverage to reduce premium. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to find out that it was a big error on their part. The ultimate goal is to purchase plenty of coverage at the best price while still protecting your assets.

Cheaper 1999 BMW M insurance can be purchased on the web in addition to many insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and these small insurance companies work with independent agents.

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