2020 BMW 3 Series eDrive Insurance Quotes in 2024

Searching for cheaper auto insurance rates? Consumers have a choice when looking for affordable BMW 3 Series eDrive insurance. You can either waste hours calling around to compare prices or use the internet to get rate quotes. There are more efficient ways to shop for auto insurance so you’re going to learn the proper way to quote coverages for a BMW and find the cheapest rates from both online companies and local agents.

Buy insurance coverage online

Most major insurance companies allow you to get price estimates directly from their websites. Getting prices online is pretty easy as all you need to do is type in your personal and coverage information into the form. After you submit the form their rating system will obtain information on your driving record and credit history and provides a quote based on these and other factors.

Being able to quote online simplifies rate comparisons, but the process of having to visit different websites and type in the same data gets old quite quickly. But it’s very important to get many rate quotes if you are searching for lower prices.

A more efficient way to locate the lowest prices utilizes a single form to obtain quotes from a bunch of companies at once. This type of form saves time, requires less work, and makes online quotes a little more enjoyable. As soon as the form is sent, it is rated and you are able to buy any of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. It only takes a few minutes and you will know how your current rates stack up.

If you want to get comparison pricing now, simply enter your zip code here and enter your information. If you have a policy now, it’s recommended you input the limits and deductibles exactly as they are listed on your policy. This guarantees you will have rate quotes based on identical coverages.

Insurance quotes and discounts

Insurance is not an enjoyable expense, but you may be missing some discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you complete an application, but some discounts are required to be asked about prior to getting the savings. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.

• Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
• Fewer Miles Equal More Savings – Maintaining low annual mileage may enable drivers to earn lower insurance rates due to less chance of an accident.
• Student Driver Training – Have your child enroll and complete driver’s education as it will make them better drivers and lower rates.
• Discount for Multiple Policies – If you insure your home and vehicles with the same insurance company you could save over 10 percent off each policy depending on the company.
• Accident Free – Insureds who avoid accidents and claims get the best insurance rates when compared with drivers with a long claim history.

As is typical with insurance, most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, you’re out of luck.

Popular insurance companies and their offered discounts are included below.

• GEICO policyholders can earn discounts including driver training, defensive driver, military active duty, anti-lock brakes, anti-theft, seat belt use, and good student.
• Travelers includes discounts for home ownership, continuous insurance, student away at school, new car, multi-car, driver training, and good student.
• Farm Bureau has discounts for multi-policy, driver training, good student, renewal discount, and safe driver.
• Liberty Mutual may have discounts that include new vehicle discount, new move discount, newly retired, hybrid vehicle, and multi-car.
• American Family may include discounts for TimeAway discount, good driver, early bird, bundled insurance, and multi-vehicle.
• Progressive offers premium reductions for multi-vehicle, multi-policy, online quote discount, homeowner, continuous coverage, online signing, and good student.

If you need cheap auto insurance quotes, ask all companies you are considering to give you their best rates. Discounts might not apply in your area. To view insurance companies with significant discounts, enter your zip code here.

Situations that may require an agent’s advice

When choosing proper insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s needs are different.

For example, these questions could help you determine if you may require specific advice.

• Should I have a commercial auto policy?
• Does insurance cover tools stolen from my truck?
• Will filing a claim cost me more?
• Should I carry comprehensive and collision coverage?
• Am I getting all the discounts available?
• What if I don’t agree with a claim settlement offer?
• Who is covered by my policy?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out your zip code. It’s fast, free and you can get the answers you need.

Find cheap car insurance with these tips

Lots of things are considered when you get a price on insurance. Some are pretty understandable such as your driving record, but some are more obscure like your continuous coverage and annual miles driven.

• Teenagers vs. experienced drivers – Youthful drivers have been known to be less responsible behind the wheel and because of this, their car insurance rates are much higher. Older insureds are shown to be more cautious, cause fewer claims and accidents and tend to be get fewer driving tickets.
• Theft deterrents lower premiums – Choosing to buy a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop your car from being stolen.
• Add-on coverages are wasting money – There are a lot of additional extra coverages that you can get tricked into buying but may not be useful. Insurance for rental car coverage, death and dismemberment, and Farm Bureau memberships may be wasting your money. They may seem like a good idea when discussing your needs, but now you might not need them so remove them and pocket the money.
• File car insurance claims and pay more – If you file a lot of claims you can look forward to either higher rates or even cancellation. Car insurance companies give the best rates to policyholders who do not rely on their insurance for small claims. Your insurance policy is designed for claims that pose a financial burden.
• Do you have enough liability protection? – A critical coverage on your policy, liability insurance will provide protection when you are ruled to be at fault for causing personal injury or damage in an accident. It will provide legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
• Raise coverage deductibles and save – The deductibles define the amount you are willing to pay if the claim is covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of some claims that would be covered would be rear-ending another vehicle, fire damage, and damage caused by road hazards. The larger the amount you are required to pay out-of-pocket, the less your car insurance will be on 3 Series eDrive coverage.
• Pay less with a high IIHS safety rating – Safer cars are cheaper to insure. Vehicles engineered for safety result in less severe injuries and fewer injuries means lower claim amounts and thus lower rates. If your BMW has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
• Discounts for auto and home policies – Lots of insurers will award discounts to clients that buy multiple policies such as combining an auto and homeowners policy. Even with this discount applied, it’s always a smart idea to compare other insurance prices to ensure the best deal.

Insurance coverage basics

Having a good grasp of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Auto liability insurance – Liability coverage provides protection from damage or injury you incur to a person or their property in an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like legal defense fees, loss of income, medical expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Collision coverage – This coverage will pay to fix damage to your 3 Series eDrive caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, sustaining damage from a pot hole, hitting a mailbox and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, theft, hitting a deer, falling objects and hail damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your BMW 3 Series eDrive.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Medical expense insurance – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like dental work, funeral costs, EMT expenses and prosthetic devices. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Summing up your insurance coverage search

We covered some good ideas how to shop for 2020 BMW 3 Series eDrive insurance online. The key concept to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest premium rates are with the smaller companies.

Drivers who switch companies do it for a number of reasons such as being labeled a high risk driver, questionable increases in premium, high prices or delays in responding to claim requests. No matter why you want to switch, switching insurance coverage companies is easier than you think.

Some insurance providers do not offer the ability to get a quote online and these smaller providers sell through local independent agents. Low-cost 2020 BMW 3 Series eDrive insurance can be found on the web as well as from insurance agents, so you should be comparing quotes from both to have the best selection.