Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Jul 11, 2018

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Trying to find the cheapest insurance for a BMW Z3 can turn out to be difficult, but you can learn the following methods to save time.

There are both good and bad ways to compare car insurance rates and you need to know the absolute fastest way to price shop coverage on a BMW and obtain the lowest possible price either online or from local insurance agents.

How to find cheap auto insurance

Reducing your 1996 BMW Z3 insurance rates doesn’t have to be difficult. All you need to do is spend a few minutes getting comparison quotes to find. It is quite easy and can be accomplished in several different ways.

  • The single most time-saving way to get quotes is a comparison rater form (click to open form in new window). This method eliminates the need for a different quote to each individual auto insurance company. Completing one form gets you price quotes direct from many companies. It’s definitely the quickest method.
  • A more time consuming way to compare rate quotes requires visiting each company’s website and repeat the quote process. For examples sake, we’ll assume you are doing a rate comparison from Farmers, GEICO and Liberty Mutual. In order to compare rates, you need to navigate to each company’s site and enter your policy data, which is not fast way to get rate quotes. For a handy list of car insurance company links in your area, click here.
  • If you have time to kill, the last way to quote and compare insurance rates is to waste gas driving to insurance agencies in your area. The fact that you can get quotes online has reduced the need for local agents unless you prefer the professional abilities only provided by licensed agents. You can, however, price shop your coverage online and have a local agent actually service the policy.

How you compare quotes is your choice, just be sure to compare nearly identical information for every quote you compare. If each company quotes different liability limits then you won’t be able to determine which rate is truly the best.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Auto Insurance Discounts

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Many discounts should be triggered when you purchase, but less common discounts must be manually applied before you get the savings.

  • Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts can save up to 15% on the premium charged for medical payments and/or PIP.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and that can save you a little bit as well.
  • Cautious Driver Discounts – Drivers without accidents can save as much as half off their rates for Z3 coverage than less cautious drivers.
  • Defensive Driving Course – Taking part in a course in defensive driving may get you a small discount if you qualify.
  • No Charge for an Accident – but some companies like GEICO, Progressive, and Allstate will forgive one accident without raising rates if your claims history is clear for a set time period.
  • Renewal Discounts – A few insurance companies give discounts for switching policies prior to the expiration date on your current policy. This can save 10% or more.
  • Clubs and Organizations – Being a member of a professional or civic organization could earn you a nice discount when getting a insurance coverage quote.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like you could get a free auto insurance policy, you’re out of luck.

A list of auto insurance companies and some of the premium reductions they offer are included below.

  • GEICO offers discounts including daytime running lights, seat belt use, military active duty, anti-lock brakes, driver training, and federal employee.
  • USAA may have discounts that include vehicle storage, driver training, multi-vehicle, annual mileage, good student, safe driver, and new vehicle.
  • Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, online quote discount, multi-policy, and homeowner.
  • American Family may include discounts for accident-free, TimeAway discount, good driver, Steer into Savings, air bags, and good student.
  • Esurance discounts include defensive driver, good driver, multi-policy, safety device, anti-theft, and good student.
  • Farmers Insurance offers discounts for switch companies, mature driver, pay in full, early shopping, and bundle discounts.
  • State Farm has discounts for multiple autos, accident-free, multiple policy, driver’s education, and Drive Safe & Save.

If you are trying to find affordable insurance coverage quotes, ask each insurance company which discounts they offer. Savings may not apply to policyholders everywhere. To see auto insurance companies with discount auto insurance rates, click here.

Tailor your car insurance coverage to you

When buying adequate coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether or not you might need an agent’s assistance.

  • Why is insurance for a teen driver so high?
  • Should I carry comprehensive and collision coverage?
  • Am I getting all the discounts available?
  • When should my teen driver be added to my policy?
  • Is motorclub coverage worth it?
  • Can I get a multi-policy discount?
  • Do I have coverage when making deliveries for my home business?
  • Are split liability limits better than a combined single limit?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

How you can control BMW Z3 insurance costs

Many things are used when you get your auto insurance bill. Some factors are common sense such as your driving record, although some other factors are more transparent like where you live or how financially stable you are.

The list below includes just a few of the factors used by insurance companies to determine your rate level.

  • Accidents are costly – How you drive has a huge affect on how much you pay. Attentive drivers get better prices than people who have multiple driving citations. Only having one ticket can bump up the cost by as much as thirty percent. Drivers who have gotten careless citations like DUI or reckless driving may find that they have to to submit a SR-22 form with the DMV in their state in order to continue driving.
  • Your occupation can affect premiums – Occupations like fire fightersair traffic controllers and medical professionals generally pay higher rates than average because of intense work requirements and long work days. On the flip side, jobs such as farmers, engineers and performers have lower than average premiums for Z3 coverage.
  • Insurance rates for married couples – Getting married may cut your premiums on auto insurance. Having a spouse means you’re more mature and responsible and statistics prove married couples file fewer claims.
  • Never go without auto insurance – Driving without insurance coverage in place can get you a ticket and companies may charge more for letting your coverage lapse. In addition to paying higher premiums, failure to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
  • Limits of liability insurance – Your auto insurance policy’s liability coverage will provide protection in the event that you are found to be at fault for causing damage or personal injury in an accident. It will provide for a legal defense which can cost a lot. It is affordable coverage compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Use credit responsibly and save – A driver’s credit score factor in calculating your auto insurance rates. Insureds with very high credit ratings tend to file fewer claims than drivers with poor credit. If your credit history is lower than you’d like, you could pay less to insure your 1996 BMW Z3 by taking the time to improve your credit score.
  • Proper usage rating affects prices – The more you drive every year the more you’ll pay to insure your vehicle. Most companies apply a rate partially by how you use the vehicle. Cars that are left in the garage get more affordable rates than those that get driven frequently. Incorrect rating for your Z3 is just wasting money. Double check that your auto insurance coverage properly reflects the right rating data, because improper ratings can cost you money.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Save $427 a year? Really?

Consumers can’t avoid all the ads that claim the lowest prices by State Farm, Allstate and GEICO. They all seem to make the same claim about saving some big amount if you get a free insurance coverage quote and switch your car insurance coverage to their company.

How does every car insurance company claim to save you money? This is how they do it.

Insurance providers quote their cheapest rates for a prospective insured that is profitable for them. One example of a desirable insured could possibly be between 25 and 40, has few claims, and insures a new vehicle. A propective insured who fits those characteristics will get low auto insurance rates and will save if they switch.

Drivers who do not match these criteria will probably be forced to pay a more expensive rate which leads to business not being written. The wording the ads use say “drivers that switch” not “everyone who quotes” save that much when switching. That’s the way companies can state the savings.

Because of these techniques, you absolutely need to get insurance coverage quotes as often as possible. It is impossible to predict with any certainty which company will give you lower rates than your current company.

Auto insurance coverages

Understanding the coverages of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as surgery, pain medications, rehabilitation expenses, doctor visits and chiropractic care. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Collision protection

Collision insurance pays for damage to your Z3 resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, rolling your car, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hitting a bird, rock chips in glass, a tree branch falling on your vehicle, hitting a deer and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your BMW Z3.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Auto liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like structural damage, attorney fees, pain and suffering, bail bonds and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Make a quick buck

As you prepare to switch companies, you should never sacrifice coverage to reduce premiums. Too many times, an insured dropped comprehensive coverage or liability limits only to discover later that it was a big mistake. The proper strategy is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

People switch companies for a number of reasons such as policy cancellation, poor customer service, questionable increases in premium or high rates after DUI convictions. It doesn’t matter why you want to switch switching insurance coverage companies can be less work than you think.

Some companies don’t offer rates over the internet and many times these regional insurance providers only sell coverage through independent insurance agencies. Cheap 1996 BMW Z3 insurance can be sourced on the web in addition to local insurance agencies, and you need to price shop both in order to have the best chance of saving money.

Much more information about insurance coverage can be found at these links: