Top 7 Ways to Get Lower Rates on BMW 318ti Insurance

Are you a victim of an underperforming, overpriced auto insurance policy? Trust us, you’re not the only one. There is such a variety of insurers to choose from, and although it’s a good thing to be able to choose, having more auto insurance companies makes it harder to compare company pricing.

It’s a good habit to compare prices every six months because rates go up and down regularly. Even if you got the best deal on 318ti insurance a few years ago other companies may now be cheaper. So just forget anything you know (or think you know) about auto insurance because you’re about to learn how to use online quotes to find better rates and still maintain coverage.

Pricing the best coverage is easy if you know what you’re doing. If you have insurance now or are looking for a new policy, you can learn to reduce the price you pay and still get good coverage. Drivers only need an understanding of the most efficient way to shop their coverage around on the web.

Cheap Auto Insurance Comparisons

Performing a rate comparison can be a daunting task if you don’t understand the most efficient way. You could spend your day talking about coverages with insurance companies in your area, or you can utilize the web to accomplish the same thing much quicker.

Most major companies participate in an industry program that enables customers to complete one form, and at least one company then gives them pricing based on the submitted data. This system prevents you from having to do form submissions to every company.

To find out what other companies charge click here to open in new window.

The only drawback to comparing rates this way is you are unable to specify the insurers to get pricing from. If you would rather choose individual companies to receive pricing from, we put together a list of the cheapest auto insurance companies in your area. Click here to view list.

Whichever way you use, make absolute certain that you use identical coverage limits on every quote you get. If you compare different deductibles you will not be able to decipher which rate is best.

Discounts are great for lower rates

The price of auto insurance can be rather high, buy you may qualify for discounts that you may not know about. Larger premium reductions will be automatically applied when you complete an application, but a few must be specifically requested prior to receiving the credit. If you aren’t receiving every discount available, you are throwing money away.

• Multiple Vehicles – Buying insurance for multiple vehicles on one policy qualifies for this discount.
• Discount for Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
• Low Mileage Discounts – Fewer annual miles on your BMW can qualify you for a substantially lower rate.
• Air Bag Discount – Vehicles with factory air bags can receive discounts up to 30%.
• Drivers Education – Require your teen driver to take driver’s ed class in high school.
• Sign Online – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
• Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.

Consumers should know that most credits do not apply the the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, auto insurance companies aren’t that generous. Any amount of discount will cut your overall premium however.

For a list of companies with the best auto insurance discounts, follow this link.

You may need specialized coverage

When it comes to choosing proper insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining if your insurance needs would benefit from an agent’s advice.

• Does my car insurance cover rental cars?
• Can I afford low physical damage deductibles?
• Is my custom paint covered by insurance?
• Should I drop comprehensive coverage on older vehicles?
• Is my business laptop covered if it gets stolen from my vehicle?
• Am I getting all the discounts available?
• Do I need to file an SR-22 for a DUI in my state?
• How high should my medical payments coverage be?
• Should I buy more coverage than the required minimum liability coverage?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverages 101

Having a good grasp of your policy aids in choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by auto insurance companies.

Comprehensive auto coverage

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like fire damage, rock chips in glass and theft. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your BMW 318ti.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are set the same as your liablity limits.

Liability auto insurance

Liability coverage provides protection from damages or injuries you inflict on other’s property or people. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as loss of income, bail bonds, repair costs for stationary objects, court costs and attorney fees. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Collision protection

Collision coverage covers damage to your 318ti from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like sustaining damage from a pot hole, crashing into a ditch, driving through your garage door, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses for surgery, nursing services, doctor visits, hospital visits and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Best coverage at the best price

As you go through the steps to switch your coverage, never buy poor coverage just to save money. There are many occasions where an accident victim reduced collision coverage only to regret that it was a big error on their part. Your goal should be to buy enough coverage at a price you can afford while still protecting your assets.

Cheaper BMW 318ti insurance can be sourced from both online companies and with local insurance agents, so you should compare both in order to have the best chance of saving money. Some auto insurance companies do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

We just presented some good ideas how you can save on BMW 318ti insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers may even find the lowest rates come from a small mutual company. They may only write in your state and offer lower rates as compared to the big name companies such as Allstate and Progressive.