1993 BMW 7 Series Car Insurance Rates – 10 Ideas for Cheaper Quotes

Trying to find cheaper auto insurance rates? Buyers have many options when searching for affordable BMW 7 Series insurance. You can either waste hours calling around trying to get quotes or utilize the internet to make rate comparisons. There are both good and bad ways to compare auto insurance rates so we’re going to tell you the proper way to quote coverages for a new or used BMW and obtain the cheapest rates either online or from local insurance agents.

It’s a good idea to shop coverage around once or twice a year since prices change regularly. Just because you had the lowest rates for 7 Series insurance a couple years back you may be paying too much now. There is a lot of bad advice regarding auto insurance online, but you can learn a bunch of ideas how to save money.

Buying car insurance is not that difficult. If you have car insurance now, you will be able to cut costs considerably using this information. Drivers only need to know how to shop for insurance coverage on the web.

The fastest way that we advise to compare insurance rates in your area is to take advantage of the fact most larger insurance companies allow for online access to give rate comparisons. All you need to do is provide the companies a bit of rating information including how much education you have, if you have an active license, if you’re married, and level of coverage desired. The data is submitted instantly to insurance carriers in your area and they return rate quotes with very little delay.

To start a rate quote now, click here and see if a lower rate is available.

Ten discounts for lower-cost insurance coverage rates

Companies don’t list every discount in a way that’s easy to find, so the following is a list of a few of the more well known as well as some of the hidden credits that you can use to lower your rates.

• Anti-lock Brake System – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
• Data Collection Discounts – Policyholders that allow their company to study driving patterns by using a telematic data system like Allstate’s Drivewise may get a rate reduction if they exhibit good driving behavior.
• Membership in Organizations – Participating in qualifying employment or professional organizations could qualify you for a break when shopping for insurance coverage.
• Discounts for Safe Drivers – Insureds who avoid accidents can get discounts for up to 45% lower rates for 7 Series insurance than drivers with accident claims.
• More Vehicles More Savings – Insuring several vehicles with the same insurance coverage company qualifies for this discount.
• Waiver for an Accident – Not a discount per se, but some insurance companies allow you one accident before your rates go up so long as you are claim-free prior to the accident.
• Senior Citizen Discount – Drivers over the age of 55 could receive a small discount on rates for 7 Series insurance.
• Driver Education Discount – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in school or through a local driver safety program.
• Early Payment Discounts – If paying your policy premium upfront rather than paying monthly you can avoid monthly service charges.
• Lower Rates for Military – Being on active deployment in the military could be rewarded with lower insurance coverage rates.

Don’t be surprised that most credits do not apply to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, you aren’t that lucky.

A few popular companies and their offered discounts can be found below.

• State Farm has discounts for good driver, multiple autos, safe vehicle, anti-theft, accident-free, and good student.
• Progressive may offer discounts for good student, continuous coverage, online signing, multi-policy, multi-vehicle, homeowner, and online quote discount.
• Progressive policyholders can earn discounts including good student, online signing, multi-policy, continuous coverage, and homeowner.
• MetLife may include discounts for good driver, defensive driver, multi-policy, accident-free, good student, and claim-free.
• Farm Bureau discounts include multi-vehicle, youthful driver, safe driver, 55 and retired, and renewal discount.
• Geico offers discounts for defensive driver, multi-vehicle, multi-policy, air bags, and daytime running lights.
• SAFECO has savings for homeowner, anti-lock brakes, safe driver, anti-theft, teen safe driver, teen safety rewards, and accident prevention training.

Check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts might not be offered in your area.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different.

These are some specific questions can aid in determining if you could use an agent’s help.

• Is my 1993 BMW 7 Series covered for flood damage?
• When should my teen driver be added to my policy?
• How high should my uninsured/underinsured coverage be in my state?
• Does my medical payments coverage pay my health insurance deductible?
• Is a new car covered when I drive it off the dealer lot?
• What discounts do I qualify for?
• What if I owe more than I can insure my car for?
• What can I do if my company won’t pay a claim?
• Will filing a claim cost me more?
• Do I pay less if my vehicle is kept in my garage?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can help protect your family.

Do car insurance companies bend the truth?

Consumers constantly see and hear ads for cheaper car insurance from the likes of State Farm and Allstate. They all advertise the message that people will save if you move your policy.

How does every car insurance company say the same thing? Here is how they do it.

Different companies have specific guidelines for the type of customer that earns them a profit. A good example of a driver they prefer could possibly be over age 30, has no tickets, and has excellent credit. Anybody that hits that “sweet spot” will get low rates and will also save when they switch companies.

Potential customers who don’t meet this ideal profile will be charged a higher premium with the end result being the driver buying from a lower-cost company. The ad wording is “people that switch” not “everybody who quotes” save that much money. That’s the way companies can make those statements. Because each company has a different risk profile, you really should get a wide range of price quotes. It’s impossible to know which company will provide you with the cheapest premium rates.

Insurance coverage basics

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Comprehensive coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like theft, damage from flooding, hitting a bird, rock chips in glass and falling objects. The maximum 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

Liability insurance provides protection from injuries or damage you cause to other people or property. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

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 liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as repair costs for stationary objects, funeral expenses, structural damage and medical expenses. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like hitting a parking meter, crashing into a building, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like hospital visits, nursing services, funeral costs, doctor visits and EMT expenses. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

More comparisons equals lower rates

Insureds who switch companies do it for a number of reasons such as extreme rates for teen drivers, not issuing a premium refund, high rates after DUI convictions and even denial of a claim. Regardless of your reason, switching insurance coverage companies can be less work than you think.

When searching for cheap insurance quotes, it’s not a good idea to reduce coverage to reduce premium. There have been many situations where consumers will sacrifice full coverage to discover at claim time that the small savings ended up costing them much more. The goal is to buy enough coverage at the best cost while not skimping on critical coverages.

Discount 1993 BMW 7 Series insurance is definitely available online and from local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance companies do not provide the ability to get quotes online and usually these smaller providers only sell coverage through local independent agencies.

Helpful information

• Speed and Speed Limit FAQ (iihs.org)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Choosing a Car for Your Teen (State Farm)
• How to Avoid Common Accidents (State Farm)