Finding Great BMW Auto Insurance

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Things to Remember...

  • Most BMW cars don’t come cheap, that doesn’t mean you can’t find a great deal on auto insurance for it
  • By taking a little time to shop around and compare rates from various providers, you can also save some cash
  • Another great way to lower your insurance rates is to limit the miles you drive in your BMW
  • Due to the price tag of a BMW, it’s extremely important to drive it safely and keep a clean driving record

Due to their appearance, reliability and capabilities, BMW cars are among the world’s most famous and sought after automobiles.

While as a result, most BMW cars don’t come cheap, that doesn’t mean you can’t find a great deal on auto insurance for it.

Unless you own an older BMW car, then the chances are you’ll probably pay more for your car insurance than you would if you drove a used, less expensive vehicle.

Thankfully, however, there are several ways to find cheap and reliable insurance for your BMW, even though it’s a luxury brand! If you just bought a BMW and are shopping for coverage then follow these tips!

Start shopping now for great car insurance quotes by entering your ZIP code into the FREE box below!

Improve the Car’s Security

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Luxury cars are typically more expensive to insure, not only because they cost more to repair, but because thieves like to steal or break into cars that are more valuable.

If an insurance provider believes that you’re more likely to file an expensive claim, your premiums costs will be higher. Due to their reputation and value, most BMW cars fall into this category.

As a result, reassure an insurance company that your car won’t be broken into or stolen by installing top of the line security measures.

Not only are car alarms a great way to discourage thieves from breaking in, but installing an immobilizer is also a good way to reduce your rates.

You may also want to consider having microdots sprayed on your BMW, which are thousands of tiny encoded dots that contain the car’s vehicle identification number.

By applying the dots, the car can be easily identified if it’s stolen, and because there are so many markers, thieves will be discouraged from selling the car for parts.

Of course, you can further protect your BMW by making sure it’s parked indoors in a garage or locked parking structure as often as possible.

If you can’t do so, try to make sure the car is parked directly under a streetlight and that the car alarm is armed when you’re not in it.

If you’re not sure about what security systems your BMW has, you can find out more by referring to the company’s official website.

Although most BMW vehicles have state of the art safety features, if yours doesn’t you may want to consider installing components like airbags, active headrests, or side-impact protection systems to make your car safer.

Insurance providers know that high-performance vehicles are more likely to be driven at dangerous speeds, so the more safety features a car has, the more reasonable your premiums will be.

Increase Your Deductible

If you’re certain you’ll have the money if it’s needed, agreeing to pay a higher deductible is a great way to lower your insurance rates and keep the coverage you want.

The deductible is the amount of money you agree to pay towards repairs and damages if you cause an accident and file a claim.

If you buy a policy with a $1,000 dollar deductible, then you will be required to pay that much money towards any claim you file.

The deductible is the amount of money you agree to pay towards repairs and damages if you cause an accident and file a claim.

If you buy a policy with a $1,000 dollar deductible, then you will be required to pay that much money towards any claim you file.

The more money you agree to pay towards a claim, the less your insurance provider will have to spend on damages, and the lower your rates will be.

If you decide to go with a higher deductible, then it may be wise to set that money aside, in case you end up having to file a claim.

Limit Your Mileage

Another great way to lower your insurance rates is to limit the miles you drive in your BMW. One of the first questions an insurance provider asks is how much you drive your car.

Regardless of whether someone is a great driver or not, the reality is that the more your vehicle is on the road the greater the chance of an accident.

The fewer miles you put on your BMW the lower your rates will be.

If money’s tight, you may want to think about taking public transportation to work or carpool with your to limit your car’s mileage.

Not only will you save money on your car insurance, but you’ll save lots of cash on gas and reduce your chances of an accident. Most BMW cars are more expensive to repair and maintain than regular cars.

You can find out more about the typical costs that come with owning a BMW through referring to resources like Automobile Magazine.

In addition, some insurance companies offer sizeable low mileage discounts, for drivers who log fewer miles annually.

While the eligibility requirements can differ, depending on the provider and your personal situation, you could save as much as 15 percent on your insurance.

Some companies offer low mileage programs that require monitoring equipment to be installed in the vehicle.

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Drive Safely

Due to the price tag of a BMW, it’s extremely important to drive it safely and keep a clean driving record. If you’re responsible for a couple of accidents and you have to file expensive insurance claims, then your rates could rise substantially.

In addition, because most high-performance vehicles like BMWs are capable of very high speeds, some insurance providers believe they’re more likely to be involved in an accident.

You can keep your insurance rates affordable by driving your BMW safely and not getting any speeding tickets.

If you receive a few tickets for driving too fast or other traffic violations, your rates could skyrocket.

If you already had a bad driving record when you bought your BMW, then it’s extremely important to avoid any more accidents or tickets.

If you drive safely over time, your insurance rates should come down.

Also, make sure you pay your tickets on time and check with your Department of Motor Vehicles periodically to make sure there are no outstanding violations.

Finally, if you haven’t taken driving lessons and you’re a relatively inexperienced driver then you should consider doing so.

Almost all the major insurance providers offer significant discounts to people who have completed driving lessons.

Even if you’ve been driving for decades, you can take courses that are designed for senior drivers. These classes teach mature drivers about new traffic regulations and can update your driving skills.

Many state governments provide links to resources regarding car safety through their websites.

For example, in Washington State, the Department of Licensing offers safety tips and info regarding driving lessons.

Choose Your Coverage Carefully

You can also save some money by choosing your coverage wisely. In nearly every state, you’re required by law to have liability insurance, which will help pay for the damages in an accident you’re at fault for.

Check your state’s minimum insurance requirements, review your budget, and buy an amount that makes financial sense.

Remember that car accidents can cause thousands of dollars of damages and even lawsuits, so buying a good amount of liability insurance is a smart way to go.

Due to the value of BMWs, you probably should buy collision insurance for your car in case you cause an accident. Collision insurance will pay for your vehicle’s repair, which as noted, can be pricey for most BMWs.

Comprehensive insurance will cover damages to your BMW that don’t occur in a car accident, like a hailstorm, fire or break-in.

The reality is that luxury cars are targeted by thieves more often, so even if you live in a region that has mild weather, buying comprehensive coverage makes sense.

If you lease your BMW then you will likely have to purchase various kinds of coverage.

Make sure you carefully review what insurance providers are offering and consider your circumstances.

If you don’t plan to drive your BMW that much, or, you live in a region that has little traffic, you may not need as much insurance as someone who lives in a big city.

You may also be able to save money on your insurance if you also purchase other policies like home insurance for example, from the same company.

Typically, you can also save money by paying your fees annually, and by direct debit, rather than monthly or by check.

Compare Providers

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By taking a little time to shop around and compare rates from various providers, you can also save some cash.

The industry insurance is very competitive, so after you receive a free quote from one provider, contact another to see if they’ll beat it.

Even if you’ve been with the same company for quite a while, it doesn’t hurt to see what the competition is offering.

A great way to review the rates of the major providers is to use a website that specializes in comparing car insurance.

Once you’ve provided some general information regarding your car and driving circumstances, the website will pass along rates from several different companies!

This way you don’t have to enter your info with several different websites or call a bunch of providers. Just review the quotes that are sent to you and decide which one is the best.

Ask for a Discount

Finally, while you’re shopping for your BMW’s insurance, be sure to ask for a discount!

Most insurance providers are eager to do business with people that have good driving records and a solid credit rating. If this applies to you, then a company could very well offer you a good-sized discount to get you onboard!

If you are in the market for great car insurance rates click here to enter your ZIP into our FREE rate finder!

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