View 2001 BMW M3 Car Insurance Quotes

Trying to find the cheapest insurance rates for your BMW M3? Have you had enough of being strong-armed to buy car insurance? You are in the same boat as millions of other consumers. With so many insurance companies to choose from, it’s nearly impossible to find the lowest cost insurer.

Buying car insurance is not rocket science. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Vehicle owners just need to learn how to get comparison quotes on the web.

How to Get Insurance

Cutting your insurance rates is a fairly straight forward process. All you need to do is spend a few minutes comparing rates provided by online insurance companies. This can be done using a couple different methods.

1. The first (and easiest) way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This form saves time by eliminating separate forms for each company you want a rate for. One form will return price quotes from multiple low-cost companies.
2. A different way to compare rate quotes requires you to visit the website for each individual company to complete a price quote. For examples sake, let’s say you want to compare rates from Progressive, Esurance and GEICO. You would have to go to every website and enter your policy data, which is why most consumers use the first method.

   To view a list of companies in your area, click here.

3. The least efficient way to compare rates is to drive around to different agent offices. Buying insurance online can eliminate the need for a local agent unless you require the trained guidance that only a license agent can provide. You can, however, price shop your coverage online but buy from a local insurance agent.

Whichever way you use, ensure you’re using the exact same coverages for each comparison quote. If you compare different values for each quote you can’t possibly determine the best price for your BMW M3.

Cut your auto insurance rates with discounts

Companies don’t necessarily list every discount in a way that’s easy to find, so here is a list some of the best known as well as the least known ways to save on auto insurance. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
• Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more on M3 insurance than their less cautious counterparts.
• Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
• Senior Citizens – Mature drivers may receive a small decrease in premiums on M3 insurance.
• Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on M3 insurance with certain companies.
• Multi-car Discount – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
• Organization Discounts – Belonging to a civic or occupational organization may earn a discount when shopping for auto insurance on M3 insurance.
• Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
• Early Switch Discount – Some insurance companies reward drivers for signing up before your current expiration date. It’s a savings of about 10%.

Consumers should know that most discount credits are not given to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

For a list of insurance companies with the best auto insurance discounts, click here to view.

You are unique and your insurance should be too

When it comes to choosing the best insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out if your insurance needs could use an agent’s help.

• Am I covered when driving on a suspended license?
• What should my uninsured motorist coverage limits be in my state?
• Does medical payments coverage apply to all occupants?
• Does my policy cover me when driving someone else’s vehicle?
• Should I buy only the required minimum liability coverage?
• Should I have a commercial auto policy?
• Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

Auto insurance coverages

Understanding the coverages of a insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for bills like hospital visits, surgery, dental work, nursing services and ambulance fees. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision protection

This coverage will pay to fix damage to your M3 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like damaging your car on a curb, sustaining damage from a pot hole, backing into a parked car, hitting a parking meter and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as falling objects, hail damage and theft. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverages

Liability insurance provides protection from injuries or damage you cause to other people or property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as structural damage, pain and suffering, attorney fees, court costs and legal defense fees. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.