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: Oct 6, 2015

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Want the cheapest insurance coverage rates for your BMW 3 Series? Finding cheap prices on insurance coverage is very difficult for drivers who are new to online insurance quotes. Drivers have so many options available that it can easily become a real challenge to find the lowest price.

Locating more affordable protection is simple if you know the tricks. Just about anyone who is shopping for insurance coverage stands a good chance to be able to cut their insurance bill. But vehicle owners must understand how insurance companies price online insurance and use this information to your advantage.

Are you getting every discount?

Companies that sell car insurance don’t always publicize every possible discount in an easy-to-find place, so here is a list some of the best known in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance online.

  • Multi-line Discount – Select auto insurance companies reward you with a discounted rate on car insurance if you buy life insurance.
  • Bundled Policy Discount – If you can combine your homeowners and auto policy with one insurance company you could save over 10 percent off each policy depending on the company.
  • 55 and Retired – If you qualify as a senior citizen, you may qualify for better auto insurance rates for 3 Series coverage.
  • New Car Discount – Adding a new car to your policy can get you a discount due to better safety requirements for new vehicles.
  • Accident Forgiveness – Not a discount per se, but a handful of insurance companies permit an accident before hitting you with a surcharge if you have no claims prior to being involved in the accident.
  • Low Mileage Discounts – Low annual miles could qualify for substantially lower premium rates.
  • Theft Deterent System – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.

As is typical with insurance, most credits do not apply to all coverage premiums. A few only apply to individual premiums such as liability, collision or medical payments. Even though it appears you can get free auto insurance, you aren’t that lucky.

To see auto insurance companies that offer discounts, click here.

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

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Choices you make can impact your insurance premiums

Many factors are used when premium rates are determined. Some of the criteria are obvious such as traffic violations, although others are less obvious like your continuous coverage or how financially stable you are.A large part of saving on insurance coverage is knowing the different types of things that are used to determine the price you pay for insurance coverage. When consumers understand what determines base rates, this allows you to make educated decisions that may reward you with lower rates.

  • Males are more aggressive – The statistics show that men are more aggressive behind the wheel. However, this does not mean males are worse at driving than females. Men and women are responsible for auto accidents in similar percentages, but guys have costlier accidents. In addition to higher claims, males also have more aggressive citations such as reckless driving. Male teenagers cause the most accidents and are penalized with high insurance coverage rates.
  • Raise your deductibles for better premiums – Physical damage deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some instances where coverage would apply could be a windshield broken by a bird, vandalism, and damage caused by road hazards. The larger the amount you have to pay, the bigger discount you will receive for 3 Series coverage.
  • Credit history impact insurance coverage rates – An insured’s credit score factor in your rate calculation. People with excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with lower credit ratings. If your credit history could use some work, you may save money insuring your 2016 BMW 3 Series if you clean up your credit.
  • Prevent theft and save – Choosing to buy a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
  • Get better costs if you’re married – Walking down the aisle actually saves money on your insurance coverage bill. Having a significant other may mean you are more mature than a single person and it’s proven that married drivers tend to file fewer claims.

When in doubt talk to an agent

When it comes to choosing coverage, there really is not a single plan that fits everyone. Everyone’s needs are different.

Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • Should I have a commercial auto policy?
  • When can my company non-renew my policy?
  • Will my insurance pay for OEM parts?
  • When do I need to add a new car to my policy?
  • Does my insurance cover my expensive audio equipment?
  • Will my rates increase for filing one claim?
  • What is an SR-22 filing?
  • Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Truth in car insurance advertising

Car insurance companies such as State Farm, Allstate and GEICO seem to constantly run ads on television and other media. All the companies advertise claims of big savings if you switch your coverage to them. Is it even possible that every company can charge you less for auto insurance? This is the trick they use.

Insurance companies have specific guidelines for the type of driver that will not have excessive claims. For example, a driver they prefer might have to be over the age of 40, has a low-risk occupation, and has a short commute. Someone who fits those characteristics will qualify for the lowest auto insurance rates and most likely will save a lot of money.

Insureds who don’t qualify for the requirements will get a more expensive rate which results in the driver buying from a lower-cost company. If you listen closely, the ads state “customers that switch” not “everyone who quotes” can save as much as they claim. That’s the way insurance companies can confidently claim big savings.

This really illustrates why you should quote coverage with many companies. It is just not possible to predict which car insurance company will have the best premium rates.

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

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Insurance coverages and their meanings

Understanding the coverages of insurance aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability coverage – This can cover damage that occurs to other people or property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

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 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things like medical expenses, emergency aid and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Uninsured and underinsured coverage – This coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 3 Series.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision – This will pay to fix damage to your 3 Series caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like backing into a parked car, scraping a guard rail, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Coverage for medical payments – Med pay and PIP coverage pay for immediate expenses such as hospital visits, EMT expenses, dental work and doctor visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive coverages – Comprehensive insurance covers 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 insurance covers claims like damage from flooding, vandalism, hail damage and hitting a bird. The most 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.

The best insurance company isn’t always the cheapest

In this article, we covered many tips how you can shop for 2016 BMW 3 Series insurance online. The key thing to remember is the more quotes you get, the better your chances of lowering your prices. Drivers may discover the best price on car insurance is with the least-expected company.

Insureds switch companies for any number of reasons including an unsatisfactory settlement offer, questionable increases in premium, policy non-renewal and even not issuing a premium refund. Regardless of your reason, finding a new car insurance company is pretty simple and you could end up saving a buck or two.

The cheapest 2016 BMW 3 Series insurance is definitely available both online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not offer price quotes online and most of the time these small, regional companies only sell through independent agents.

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