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: Sep 26, 2018

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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Are you at wits end from robbing Peter to pay Paul to keep your car insured? You have the same problem as many other consumers.

Many car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a provider and uncover the absolute lowest rate

If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Finding affordable coverage is easy if you know what you’re doing. Although consumers benefit from understanding the way companies determine prices and take advantage of how the system works.

More discounts mean affordable premiums

Some companies don’t list every discount they offer in a way that’s easy to find, so the list below contains a few of the more well known and the harder-to-find insurance savings.

  • Life Insurance Discount – Insurance companies who offer life insurance give a break if you buy life insurance.
  • Senior Discount – If you’re over the age of 55, you may receive a slight reduction on a car insurance quote for Z3 coverage.
  • Sign Early and Save – Some companies give discounts for signing up before your current coverage expires. This can save 10% or more.
  • Theft Deterent System – Anti-theft and alarm system equipped vehicles help deter theft and can earn a small discount on your policy.
  • Driving Data Discount – Insureds that choose to allow driving data collection to track when and where they use their vehicle by using a telematic data system such as Progressive’s Snapshot could possibly reduce rates as long as they are good drivers.
  • Multiple Vehicles – Buying a policy with more than one vehicle with one company can reduce rates for all insured vehicles.
  • Passive Restraints and Air Bags – Options like air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • Good Students Pay Less – Being a good student may save as much as 25% on a car insurance quote. The discount lasts well after school through age 25.

Discounts save money, but please remember that most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, it just doesn’t work that way.

Large insurance companies and some of their more popular discounts can be read below.

  • American Family includes discounts for defensive driver, TimeAway discount, early bird, Steer into Savings, mySafetyValet, good student, and accident-free.
  • State Farm policyholders can earn discounts including Steer Clear safe driver discount, passive restraint, multiple policy, accident-free, driver’s education, and student away at school.
  • 21st Century offers discounts including theft prevention, automatic seat belts, 55 and older, teen driver, good student, and defensive driver.
  • Travelers offers discounts for hybrid/electric vehicle, good student, continuous insurance, save driver, IntelliDrive, and driver training.
  • GEICO may offer discounts for emergency military deployment, air bags, good student, membership and employees, seat belt use, and federal employee.

Before buying, ask each company or agent which credits you are entitled to. Some discounts listed above may not apply everywhere. To view companies with the best insurance discounts, click this link.

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

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It’s not one size fits all

When buying coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining if you might need an agent’s assistance.

  • When should I drop full coverage on my 2000 BMW Z3?
  • How can I find cheaper teen driver insurance?
  • Can I make deliveries for my home business?
  • What is medical payments coverage?
  • Do I need motorclub coverage?
  • Can my teen drive my company car?
  • Do I need higher collision deductibles?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance ads are enticing

Big name companies like Allstate and Progressive seem to constantly run ads on television and other media. All the ads seem to make the promise that drivers can save some big amount after switching your car insurance coverage to their company. But how can every company charge you a lower premium? It’s all in the wording.

All companies give the best rates for the type of driver that makes them money. One example of this type of insured might have to be between the ages of 30 and 50, has few claims, and drives newer vehicles. Any customer who matches that profile will get a cheap rate quote and is almost guaranteed to cut their rates substantially.

Insureds who fall outside these standards will get higher rates and this results in the customer buying from a different company. If you listen closely, the ads state “customers that switch” but not “everyone who gets a quote” save that much. This is how insurance companies can make claims that they all have the best rates. This really illustrates why you need to compare many company’s rates. It’s just too difficult to predict which company will give you lower prices than your current company.

Specifics of your insurance policy

Knowing the specifics of your policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.

Comprehensive protection

This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as rock chips in glass, theft and hitting a deer. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like rehabilitation expenses, ambulance fees, surgery, doctor visits and hospital visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Collision insurance

This coverage covers damage to your Z3 resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like scraping a guard rail, hitting a parking meter, driving through your garage door, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability coverage

This provides protection from injuries or damage you cause to other people or property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims such as medical expenses, court costs, attorney fees, emergency aid and loss of income. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. 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 limits can quickly be used up. So UM/UIM coverage is very important.

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

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Coverage on a shoestring budget

We just showed you quite a bit of information on how to reduce 2000 BMW Z3 insurance car insurance rates online. It’s most important to understand that the more providers you compare, the better your chances of lowering your premium rates. Consumers could even find that the best price on insurance is with the smaller companies. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as GEICO and State Farm.

As you quote car insurance, make sure you don’t skimp on critical coverages to save a buck or two. In many cases, an insured dropped full coverage only to regret they didn’t purchase enough coverage. Your goal is to buy the best coverage you can find at the best cost while still protecting your assets.

Even more information is located at these sites: