2014 BMW i3 Insurance Quotes in 2024 – 6 Ways to Save

Getting lower-cost auto insurance online might seem impossible for people who are beginners to quoting and buying insurance online. With dozens of insurers available, how can drivers have time to compare every company to locate better auto insurance prices?

If you have car insurance now, you will be able to save some money using this strategy. Buying cheaper insurance coverage is easy if you know what you’re doing. But drivers can benefit by having an understanding of how big insurance companies compete online.

Double check you’re getting these six money-saving discounts

Not many people think insurance is cheap, but there are discounts available that you may not know about. Some discounts will apply when you get a quote, but some discounts are required to be specifically requested before they will apply.

• Accident Waiver – Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident before they charge you more for coverage if you have no claims for a certain period of time.
• Discounts for Federal Employees – Having worked for a branch of the government can save as much as 8% on i3 coverage but check with your company.
• Defensive Driving Course – Successfully completing a course teaching defensive driving skills can save you 5% or more and make you a better driver.
• Life Insurance Discount – If the company offers life insurance, you could get a small discount if you purchase life insurance from them.
• Homeowners Pay Less – Just being a homeowner can help you save on auto insurance due to the fact that maintaining a home demonstrates responsibility.
• Discounts for Multiple Vehicles – Purchasing coverage when you have multiple vehicles on a single policy can reduce rates for all insured vehicles.

We need to note that most credits do not apply to the whole policy. The majority will only reduce individual premiums such as comprehensive or collision. So even though you would think adding up those discounts means a free policy, you’re out of luck. But any discount will reduce your overall premium however.

A few companies that have many of the previously listed discounts include:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• GEICO
• State Farm

When getting free insurance coverage quotes, it’s a good idea to each company or agent which discounts can lower your rates. A few discounts might not be available to policyholders in every state. For a list of companies with discount rates, enter your zip code here.

Do I need special coverages?

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out if your situation might need an agent’s assistance.

• Are rock chip repairs covered?
• Should I have a commercial auto policy?
• Should I carry comprehensive and collision coverage?
• I have a DUI can I still get coverage?
• How much liability do I need to cover my assets?
• Is a blown tire covered by insurance?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, complete your zip code.

Save $456 a year! What?

Popular insurance providers such as Allstate, GEICO and Progressive regularly use ads in print and on television. All the companies say the same thing that people will save just by moving to them. How do they all charge less that you’re paying now? You have to listen carefully.

Most companies have specific characteristics for a prospective insured that will add to their bottom line. A good example of a profitable risk profile could possibly be between the ages of 30 and 45, has had continuous coverage, and drives less than 10,000 miles a year. Anyone that matches those criteria will probably get the lowest prices and will probably cut their rates substantially.

Drivers who don’t meet those criteria may be required to pay higher rates and this results in the customer buying from someone else. The wording the ads use say “customers who switch” not “all people who quote” save money. That’s the way insurance companies can state the savings.

This really drives home the point why drivers should quote coverage with many companies. It is impossible to predict which insurance companies will be your best fit.

Coverage specifics

Knowing the specifics of auto insurance helps when choosing the best coverages for your vehicles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liability limits.

Comprehensive auto coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from getting keyed, a broken windshield, vandalism and hitting a bird. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with a tree, sideswiping another vehicle, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability auto insurance – This coverage will cover injuries or damage you cause to a person or their property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged property. Another option is a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims such as repair costs for stationary objects, structural damage, bail bonds, medical services and court costs. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as hospital visits, rehabilitation expenses, EMT expenses, nursing services and pain medications. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

One last thing about your coverage

In this article, we presented a lot of techniques to shop for 2014 BMW i3 insurance online. The key thing to remember is the more you quote insurance coverage, the better likelihood of getting inexpensive insurance coverage. Consumers could even find that the most savings is with the smaller companies.

Budget-conscious 2014 BMW i3 insurance can be found on the web in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. Some car insurance companies do not provide internet price quotes and many times these smaller companies prefer to sell through local independent agencies.

Drivers change insurance companies for many reasons like delays in paying claims, not issuing a premium refund, high prices or delays in responding to claim requests. It doesn’t matter what your reason, choosing a new insurance company is less work than it seems.