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BMW 8 Series Insurance Rates

You have many choices when shopping for insurance coverage for your BMW vehicle. You can get prices from an agent or shop online to compare insurance costs of multiple companies. Shopping for auto insurance online is easy, in addition you can save money.

Consumers not familiar with comparing rates may think purchasing cut-rate 8 Series insurance is very challenging. Getting better 8 Series insurance cost is not rocket science. Just take time getting comparison quotes from different insurance companies. This is very easy and can be done by getting a quick quote here.

Criteria which help determine your insurance rates

Car insurance premiums for your BMW 8 Series can vary widely based upon several criteria. A few of these criteria are:

  • The performance level of your 8 Series
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Pleasure, commuting or business use can affect rates
  • Optional coverages like vehicle replacement
  • Your claim history
  • Maintaining coverage lowers rates
  • Owning a home can lower rates

An additional factor that will help determine 8 Series insurance rates is the year of the vehicle. Models that are new have a higher replacement value than older models so repair costs are higher which can inflate annual premiums. But newer models may have safety features including adaptive headlights, sideview assist mirrors, automatic crash notification, and pedestrian detection which can help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your 8 Series from the following list.

Liability coverage - Liability insurance protects you from injuries or damage you cause to other's property or people by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so you should buy higher limits if possible.

Collision coverage - Collision coverage pays for damage to your BMW 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 makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive coverage - Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - This coverage provides protection when the "other guys" do not carry enough liability coverage. Due to the fact that many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for bills such as ambulance fees, surgery, and doctor visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. PIP is not available in all states and may carry a deductible.

How Much are BMW 8 Series Insurance Rates?